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Accounting Services Market Size Expected to Reach $1.6 trillion by 2022: The Business Research Company
The accounting services market consists of the sales of accounting services and related goods by entities (organizations, sole traders and partnerships) that provide recording and analysis of financial transactions and other financial values pertaining to businesses and other organizations. The service involves summarizing, analyzing, auditing and reporting of the financial transactions to tax collection agencies and entities. It also involves auditing and preparing financial statements, designing accounting systems, developing budgets and accounting advisory. Accounting services undertake processes where human capital is the major input. They make available the knowledge and skills of their employees, often on an assignment basis, where an individual or team is responsible for the delivery of services to the client.
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The accounting services market size is expected to reach $1.6 trillion by 2022, significantly growing at a CAGR of around 6% during the forecast period. The growth in the accounting services market is due to increased mergers and acquisitions (M&A), technology stocks performance and financial reporting standards transition.
However, the market for accounting services is expected to face certain restraints from several factors such as weak wage growth in developed economies, accounting scandals, inconsistency in service delivery, automation affecting small and medium accounting firm, and reduction in free trade.
Accounting Services Market Trends - Increase in outsourcing at accounting firms, accounting service companies collaborating with technology companies and digital tax economy evolution are the major trends witnessed in the global accounting services market.
Accounting Services Market Potential Opportunities - With emerging markets growth, technology development, regulatory reforms the scope and potential for the global accounting services market is expected to significantly rise in the forecast period.
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Table Of Content
Chapter 1. Executive Summary
Chapter 2. Report Structure
Chapter 3. Accounting Services Market Characteristics
Chapter 4. Accounting Services Market Product Analysis
Chapter 5. Accounting Services Market Supply Chain
Chapter 6. Accounting Services Market Customer Information
Chapter 7. Accounting Services Market Trends And Strategies
Chapter 8. Accounting Services Market Size And Growth
Chapter 9. Accounting Services Market Regional Analysis
Chapter 10. Accounting Services Market Segmentation
Chapter 11. Accounting Services Market Segments
Chapter 12. Accounting Services Market Metrics
Chapter 13. Asia-Pacific Accounting Services Market
Chapter 14. Western Europe Accounting Services Market
Chapter 15. Eastern Europe Accounting Services Market
Chapter 16. North America Accounting Services Market
Chapter 17. South America Accounting Services Market
Chapter 18. Middle East Accounting Services Market
Chapter 19. Africa Accounting Services Market
Chapter 20. Accounting Services Market Competitive Landscape
Chapter 21. Key Mergers And Acquisitions In The Accounting Services Market
Chapter 22. Market Background: Professional Services Market
Chapter 23. Recommendations
Chapter 24. Appendix
Chapter 25. Copyright And Disclaimer
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The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
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