The shared services market is expected to grow by $ 152.38 bn, progressing at a CAGR of almost 17% during the forecast period.
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Technavio has announced its latest market research report titled Global Shared Services Market 2020-2024 (Graphic: Business Wire)
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Cost reduction and increasing business efficiency is one of the major factors propelling the market growth. However, factors such as IT security risks will hamper market growth.
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Shared Services Market: Application Landscape
Based on the application, the F and A segment is expected to witness lucrative growth during the forecast period.
Shared Services Market: Geographic Landscape
By geography, North America is going to have a lucrative growth during the forecast period. About 35% of the market’s overall growth is expected to originate from North America. The US is the critical market for shared services in North America.
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Companies Covered:
- Accenture Plc
- Capgemini SE
- Cognizant Technology Solutions Corp.
- Deloitte Touche Tohmatsu Ltd.
- Genpact Ltd.
- Infosys Ltd.
- International Business Machines Corp.
- SAP SE
- Tata Consultancy Services Ltd.
- Wipro Ltd.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- F and A – Market size and forecast 2019-2024
- IT – Market size and forecast 2019-2024
- SCM – Market size and forecast 2019-2024
- HR – Market size and forecast 2019-2024
- CRM – Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume driver- Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Accenture Plc
- Capgemini SE
- Cognizant Technology Solutions Corp.
- Deloitte Touche Tohmatsu Ltd.
- Genpact Ltd.
- Infosys Ltd.
- International Business Machines Corp.
- SAP SE
- Tata Consultancy Services Ltd.
- Wipro Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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