Share services are cost-effective since they centralize back-office operations that are utilized by multiple divisions of the same company thereby minimizing the redundancy. The shared service model focuses on defined business functions, centralized service, and single delivery location. This model caters to the requirement of diver business units within the enterprise and is supported by information technology and its services. The primary objective of shared services is to enable every business division to focus its limited resources on activities that support the division's business goals.

The global shared services market was valued US$ 28.79 Bn in 2019 and expected to reach US$ 98.17 Bn by 2027.

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Shared services are the consolidation of business operations, which is used by various parts of the organization. This includes sharing of resources and information among different business units of a company. Shared services are adopted in various industries since they are cost-efficient and are centralized in terms of back-office operations. This model caters to the requirement of diverse business units within the enterprise and is supported by information technology and its services.

The global shared services market was valued for US$ 30.9 MN in 2019 and it is estimated to reach US$ 75.8 MN by 2027.

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Share services are cost-effective since they centralize back-office operations that are utilized by multiple divisions of the same company thereby minimizing the redundancy. The shared service model focuses on defined business functions, centralized service, and single delivery location. This model caters to the requirement of diver business units within the enterprise and is supported by information technology and its services. The primary objective of shared services is to enable every business division to focus its limited resources on activities that support the division’s business goals.