COVID-19 Impact on Accounting Services Market with Higher CAGR of 6% to hit by $ 687.7 billion by Share, Size, Trend, Market Price, Industry Growth, Leading Player and Forecast up to 2023

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. The global accounting services market is expected to grow from $574.5 billion in 2019 to $576 billion in 2020 at a compound annual growth rate (CAGR) of 0.3%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $687.7 billion in 2023.

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Leading players of Accounting Services Market:
PwC LLP; Ernst & Young LLP; Deloitte LLP; KPMG LLP; BDO International Ltd

The "Global Accounting Services Market Analysis to 2023" is a specialized and in-depth study of the Accounting Services market with a focus on the global market trend. The report aims to provide an overview of the global Accounting Services market with detailed market segmentation by service, technology, industry vertical, and geography. The global Accounting Services market is expected to witness high growth during the forecast period.

Segmentation by Type:
Payroll Services; Tax Preparation Services; Bookkeeping, Financial Auditing and Other Accounting Services

Segmentation by End Use Industry:
IT Services; Manufacturing; Financial Services; Construction; Others

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Accounting Services market based on the service, technology, and industry vertical. It also provides market size and forecast till 2023 for overall Accounting Services market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM).

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The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.

What the report features:-
1. Global analysis of Accounting Services Market from 2020 – 2023 illustrating the progression of the market.
2. Forecast and analysis of Accounting Services Market by Dosage, Route of Administration and Application from 2020 – 2023.
3. Forecast and analysis of Accounting Services Market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.

Reason to Buy:
1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Accounting Services Market.
2. Highlights key business priorities in order to assist companies to realign their business strategies.
3. The key findings and recommendations highlight crucial progressive industry trends in the Accounting Services Market, thereby allowing players to develop effective long term strategies.
4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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This release was published on openPR.