Shared Services Market, By Component, By End-use, By Deployment, By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)-Size, Share, Outlook, and Opportunity Analysis, 2023

Description

Global Shared Services Market size was valued at US$ 33.92 Bn in 2022, exhibiting a compound annual growth rate (CAGR) of 23.1% from 2023 to 2030.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 41.37 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	23.10%	2030 Value Projection:	US$ 177.27 Bn

The provision of a service by one division of an organization where that service is present in more than one division of the organization is known as a shared service. As a result, the service's financing and resources are shared, and the department that provides the service effectively turns into an internal service provider. Shared services, which meet the needs of several business divisions within the firm, are backed by IT and IT services. Shared services may also comprise a variety of business operations and IT procedures, as well as coming from different geographical locations. The main goal of shared services is to give each business division the ability to concentrate its limited resources on tasks that advance its operational objectives.

Market Dynamics

The global shared service market is anticipated to grow in importance over the course of the forecast period due to the need to reduce costs across all activities and resources. Companies are cutting their product margins to stay competitive in the market, and to make up the difference, they're striving to cut operating costs by pooling their resources across all of their many industries and geographies. A centralized service that offers benefits such as service sharing can be used. Accuracy, punctuality, aggregation of similar work across business divisions, and other standardized services. As a result, over the course of the forecast period, an increased focus on cost reduction is anticipated to fuel market expansion for shared services globally.

Key features of the study:

This report provides an in-depth analysis of the Global Shared Services Market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
It profiles leading players in the Global Shared Services Market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
Companies covered as a part of this study are Infosys Limited, SAP, HCL, EXL, Atos SE, Accenture, Genpact, IBM Corporation, Oracle Corporation, Cognizant, Capgemini SE, and Tata Consultancy Services Limited and Others.
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
Global Shared Services market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Shared Services market.

Detailed Segmentation

Global Shared Services market, By Component:
- Software
- Services
- Consulting
- Integration
- Maintenance
Global Shared Services market, By End-use:
- Banking, Financial services and Insurance (BFSI)
- Media and Entertainment
- Manufacturing
- Healthcare
- IT and Telecom
- Retail & Hospitality
- Others
Global Shared Services market, By Deployment:
- Cloud
- On Premise
Global Shared Services market, By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Company Profiles
- Infosys Limited
- SAP SE
- HCL
- EXL
- Atos SE
- Accenture
- Genpact
- IBM Corporation
- Oracle Corporation
- Cognizant
- Capgemini SE
- Tata Consultancy Services Limited.
- Others

Product Code: CMI3636

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Component
- Market Snippet, By End-use
- Market Snippet, By Deployment
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Growing emphasis on cost reduction in overall operations
Rising demand for innovative solutions to enhance customer service
- Restraints
Challenges regarding data security and threat of leakage of sensitive data
Emergence of alternative technologies like artificial intelligence (AI) and machine learning (ML)
- Market Opportunities
Growing demand for shared services in the developing economies
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Shared Services Market, By Component, 2023-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends Market Share Analysis, 2023 and 2030 (%)
Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Consulting
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Integration
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Maintenance
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)

5. Global Shared Services Market, By End-use, 2023-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends Market Share Analysis, 2023 and 2030 (%)
Banking, Financial services and Insurance (BFSI)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Media and Entertainment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Manufacturing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
IT and Telecom
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Retail & Hospitality
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)

6. Global Shared Services Market, By Deployment, 2023-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends Market Share Analysis, 2023 and 2030 (%)
Cloud
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
On Premise
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)

7. Global Shared Services Market, By Region, 2023-2030, (US$ Billion)

Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2018-2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By End-use, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By End-use, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By End-use, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By End-use, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
Brazil
Mexico
Rest of Latin America
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By End-use, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
South Africa
GCC Countries
Rest of the Middle East & Africa

8. Competitive Landscape

Company Profiles
- Infosys Limited
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
- SAP SE
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
- HCL
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
- EXL
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
- Atos SE
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
- Accenture
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
- Genpact
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
- IBM Corporation
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
- Oracle Corporation
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
- Cognizant.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
- Capgemini SE
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
- Tata Consultancy Services Limited
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
- Others
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Analyst Views

9. Section

References
Research Methodology
About us and Sales Contact

Shared Services Market, By Component, By End-use, By Deployment, By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)-Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030