Global Shared Services Market 2020-2024: one of the major drivers for this market is the need for business process automation

The “Global Shared Services Market 2020-2024” report show that the shared services market is poised to grow by $ 152.38 bn during 2020-2024 progressing at a CAGR of 17% during the forecast period.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the digital transformation of SSCs ”

According to the report, one of the major drivers for this market is the need for business process automation.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.The research recognizes the following companies as the key players in the global shared services market: 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., and Wipro Ltd..

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the digital transformation of SSCs .”

The report on the shared services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the need for business process automation and cost reduction and increasing business efficiency. In addition, the need for business process automation is anticipated to boost the growth of the market as well.

The shared services market analysis includes application segments and geographic landscapes. This study identifies the digital transformation of SSCs as one of the prime reasons driving the shared services market growth during the next few years.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.