Global Shared Services Market - Analysis, Technologies & Forecasts to 2021 - Key Vendors are Cognizant, Infosys, SAP, TCS & Wipro
August 11, 2017 --
DUBLIN, August 11, 2017 /PRNewswire/ --
The "Global Shared Services Market 2017-2021" report has been added to Research and Markets' offering.
The global shared services market to grow at a CAGR of 16.55% during the period 2017-2021
Global Shared Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is advent of customized SSCs. Enterprises implement shared services to manage their functional departments such as finance, HR, marketing, and CRM. Enterprises setting up SSCs to manage their FSSC and HRSSC are gaining popularity in the market. Customized SSCs are designed to manage specific functions of different business units within a large organization.
According to the report, one driver in the market is cost reduction and increasing business efficiency. Cost reduction is one of the main factors responsible for the implementation of SSCs in organizations. However, many organizations want to improve their business performance, the speed of service delivery, and quality by implementing the shared services model. The shared services model helps in saving costs as it connects different units of enterprises via a centralized SSC that helps to reduce errors and redundancy in information.
Further, the report states that one challenge in the market is effective design and implementation of SSCs. The designing and implementation of SSCs require technical expertise and domain experts to assess the requirements of the clients. SSCs should be carefully designed to fulfill business requirements specific to the clients. The implementation of SSCs requires CAPEX and IT systems to design the infrastructure. Shared services can be seamlessly delivered to clients with the help of adequate and advanced IT infrastructure. SSCs manages a lot of complex transactional processes that require IT systems, which can reduce the complexities, error rates, as well as backup and recovery solutions.
Other Prominent Vendors
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by functional application
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Five forces analysis
PART 12: Vendor landscape
PART 13: Key vendor analysis
For more information about this report visit https://www.researchandmarkets.com/research/5xv2wj/global_shared
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