Auditing Services Market Trends, Market Share, Size, Growth Status And Forecast To 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Auditing Services Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The auditing services market size has grown strongly in recent years. It will grow from $226.82 billion in 2023 to $239.29 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to globalization of businesses, regulatory compliance requirements, increased complexity of financial transactions, public accountability and investor confidence, risk management needs, corporate governance practices.

The auditing services market size is expected to see steady growth in the next few years. It will grow to $290.79 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to cybersecurity audits, focus on eSig auditing, remote auditing solution, collaboration with internal audit teams, advanced data analytics and AI integration. Major trends in the forecast period include regulatory technology (regtech) adoption, integration with blockchain technology, advancements in technology, digital transformation in auditing, data privacy and confidentiality.

Request for free sample report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=10800&type=smp

Key Market Players:

Major companies operating in the auditing services market report are Deloitte, PricewaterhouseCoopers LLP, Ernst & Young Global Limited, KPMG International Cooperative, BDO International Ltd., Baker Tilly US LLP, Nexia International Limited, CliftonLarsonAllen LLP, Moore Global Network Limited, RSM US LLP, Mazars Group, Grant Thornton LLP, FORVIS LLP, Crowe LLP, Moss Adams LLP, Plante Moran PLLC, Eide Bailly LLP, Sikich LLP, Marcum LLP, Armanino LLP, Wipfli LLP, EisnerAmper LLP, Rehmann LLC, Dixon Hughes Goodman LLP, UHY Advisors Inc., Schellman & Company LLC, Sensiba San Filippo LLP, Mayer Hoffman McCann P.C., Squar Milner LLP, Friedman LLP

Market Drivers:

The growing corporate spending on financial auditing and recording is expected to propel the growth of the auditing services market going forward. 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. Auditing services help companies identify errors and fraud in financial statements, comply with laws and regulations, improve internal controls, and reduce risk. For instance, in November 2022, according to Harvard Law School, a US-based private research university, total auditing fees of companies reporting in a fiscal year reached $18.9 billion in 2021, with an increase of 3.3% from 2020, and the average amount that SEC (Securities and Exchange Commission) registrants paid for an audit service and average audit-related fees increased to $2.17 million and $0.23 million, respectively. In addition, average audit fees increased to $1.9 million and $2.9 million for US and foreign companies, respectively 2021. Therefore, the growing corporate spending on financial auditing and recording is driving the growth of the auditing services market.

Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/auditing-services-global-market-report

The auditing services market covered in this report 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

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.