Accounting Services Market Report 2022 Market Size, Share, Demand, Growth Factors, Revenue And Forecast To 2031
According to The Business Research Company's Accounting Services market report, the global accounting services market size reached a value of nearly $587.94 billion in 2021, having increased at a compound annual growth rate (CAGR) of 3.1% since 2016. The global accounting services market size is expected to grow from $587.94 billion in 2021 to $1,009.51 billion in 2026 at a rate of 11.4%. The global accounting services market size is then expected to grow at a CAGR of 11.5% from 2026 and reach $1,738.70 billion in 2031.
Use of advanced technologies such as artificial intelligence to analyze and quickly identify irregularities in data is expected to drive the growth of the accounting services market in the forecast period. Auditors use artificial intelligence to spot suspicious activities or inaccuracy in accounting entries and transactions. Artificial intelligence uses rules created by humans to reason through issues and reach conclusions by identifying patterns from the huge data sets available. Artificial intelligence tools can be adjusted to figure out how accounting entries are being used to cover up irregularities like incorrect revenue recognition or deferring liabilities by businesses.
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The Accounting Services market is segmented -
By Type: Payroll Services, Tax Preparation Services, Bookkeeping, Financial Auditing And Other Accounting Services
By End Use Industry : IT Services, Manufacturing, Financial Services, Construction
By Service Provider : Large Enterprise, Small And Medium Enterprise
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Accounting Services market.
Major competitors in the Accounting Services market include PwC, Ernst & Young, Deloitte Touche Tohmatsu Limited, KPMG,, ADP (Automatic Data Processing, Inc).
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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. Accounting services include the processes of summarizing business transactions and reporting the analyses to regulators, and government entities.
The Table Of Content For The Accounting Services Market Include:
1. Accounting Services Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
26. Market Background: Professional Services Market
27. Global Accounting Services Market Opportunities and Strategies
28. Accounting Services Market, Conclusions And Recommendations
30. Copyright And Disclaimer
The Business Research Company's "Global Accounting Services Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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