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Auditing Services Market Research Report 2023-2032 : Market Size, Growth, Segments And Analysis | Deloitte, PricewaterhouseCoopers LLP, Ernst & Young Global Ltd., KPMG International Ltd., Grant Thornton LLP
Auditing Services Market
The Business Research Company's Auditing Services Global Market Report 2023 identifies growing corporate spending on financial auditing and recording as the major driver for the Auditing Services market's growth in the forecast period. The growing corporate spending on financial auditing and recording refers to an increase in the proportion of money that corporations are spending on auditing and recording due to increased emphasis on financial transparency, regulatory compliance, and sound corporate governance practices.
The global auditing services market size is expected to grow from $214.59 billion in 2022 to $226.82 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The auditing services market size is expected to reach $275.66 billion in 2027 at a CAGR of 5%.
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Major competitors in the Auditing Services market are Deloitte, PricewaterhouseCoopers LLP, Ernst & Young Global Ltd., KPMG International Ltd., Grant Thornton LLP.
A key trend in the Auditing Services market includes AI-based auditing solutions. Major companies operating in the auditing services market are integrating artificial intelligence and other digital technologies into auditing services to sustain their position in the market. For instance, in March 2023, Phoenix Technocyber, an India-based company specializing in technology solutions and auditing services, launched the TechOwl GRC GAP Assessment Tool. This IT auditing tool aims to streamline the auditing process, reduce manual effort, and enhance the accuracy and efficiency of IT audits by utilizing artificial intelligence and automation. The tool leverages AI algorithms and machine learning techniques to analyze large volumes of IT data, identify potential risks and vulnerabilities, and provide actionable insights to improve IT security and compliance.
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The Auditing Services market is segmented -
1. By Type: Internal Audit, External Audit, Other Types.
2. By Service: Operational Audits, Financial Audits, Advisory and Consulting, Investigation Audit, Other Services
3. By End-Use: Banking, Financial Services and Insurance (BFSI), Government, Manufacturing, Healthcare, Retail And Consumer, Information Technology (IT) And Communications
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Auditing Services market.
The Business Research Company's "Global Auditing Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Auditing Services Market Include:
1. Executive Summary
2. Auditing Services Market Characteristics
3. Auditing Services Market Trends And Strategies
4. Auditing Services Market - Macro Economic Scenario
5. Auditing Services Market Size And Growth
……
26. Africa Auditing Services Market
27. Auditing Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Auditing Services Market
29. Auditing Services Market Future Outlook and Potential Analysis
30. Appendix
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