Shared-Services-Center-Market-Size-Share-Trends-Analysis-Growth-Overview-And-Segment-Forecasts-To-2022

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Shared Services Center Market Size, Share, Trends, Analysis,
Growth, Overview And Segment Forecasts To 2022: Market
Research by Hexa Reports
Over 75,000 shared services centers market are expected to be established globally by 2022,
growing at a CAGR of close to 30% from 2015 to 2022, according to a new report by Grand View
Research, Inc.
A shared services center (SSC) is a devoted unit that focuses on defined business functions and
is structured as a centralized delivery location and point of service. The unit is responsible for
specific functions, such as security, purchasing, compliance, legal, IT, payroll, HR, and
accounting.
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The growth prospects for this market are bullish due to increased needs for reducing costs and
improving the quality of delivered services. Resourceful implementation of SSC in operational
stages yields greater operational efficiency and cost reduction, while enhancing productivity.
Deployment of SSC framework helps companies to focus on enhancing operations.
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Availability of skilled low cost labor, tax relaxation and favorable government initiatives in
select geographies such as India, China, Latin America, and some parts of Eastern Europe are
envisioned to drive industry growth.
However, the complexity associated with the implementation of such a framework is presumed
to challenge industry growth, as it involves the assigned tasks to be performed and shared
dynamically across the various business units involved. To achieve cost reduction, organizations
operate in a low cost location. However, doing so without the standardization of procedures is
expected to increase the organization's inefficiency and is expected to hinder SSC
establishments.
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Further key findings from the report suggest:
Poised to witness considerable growth over the next seven years, pharmaceutical & clinical
end-use accounted for 11% of the overall market share in 2014. Rapid increase in the need to
reinvent traditional pharmaceutical R&D model to continue developing new products costeffectively
and efficiently, and adjust to the industry's new realities is expected bolster demand
over the forecast period.
Projected to grow at an estimated CAGR of 35% from 2015 to 2022, legal end-use is expected to
drive the SSC industry over the forecast period. Over the last few years, emergence of new
technologies coupled with the need to reduce costs in the wake of global downturn has
significantly forced corporate legal departments and law firms to change their traditional
business approach and to adopt shared services and outsourcing associated with the legal
profession.
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Table Of Content
Chapter 1. Methodology and Scope
1.1. Research methodology
1.2. Research scope and assumptions
1.3. List of data sources
Chapter 2. Executive Summary
2.1. Shared services center- Industry snapshot and key buying criteria, 2012 - 2022
Chapter 3. Shared Services Center Industry Outlook
3.1. Market segmentation
3.2. Market size and growth prospects
3.3. SSC value chain analysis
3.4. SSC market dynamics
3.4.1. Market driver analysis
3.4.2. Market restraint analysis
3.5. Key opportunities prioritized
3.6. SSC - PESTEL analysis
3.7. SSC key competitor analysis
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