Financial Accounting Advisory Services Market Size, Insights, Outlook, Overview And Report 2023-2032

"The new report published by The Business Research Company, titled Financial Accounting Advisory Services Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the financial accounting advisory services market size has grown strongly in recent years. It will grow from $98.58 billion in 2023 to $105.66 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The financial accounting advisory services market size is expected to see strong growth in the next few years. It will grow to $140.41 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.

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Rising Demand For Financial Services Fuels Growth In Financial Accounting Advisory Services Market
Increasing demand for financial services is expected to propel the growth of the financial accounting advisory services market going forward. Financial services refer to services that financial institutions offer. Financial accounting advisory services provide expert guidance, enhance financial transparency, and support informed decision-making. For instance, in September 2022, according to the United States Census Bureau, a US-based government agency, the real median household income was $70,784 in 2021, and income inequality increased by 1.2% between 2020 and 2021. Further, in January 2022, according to S&P Global, a US-based publicly traded corporation, the median household income is expected to increase 12.1% to $81,230 in 2027 from $72,465 in 2022 in the US. Therefore, the Increasing demand for financial services is driving the growth of the financial accounting advisory services market.

Tech Advancements In Financial Accounting Advisory Services Market
Advancements in technology are a key trend gaining popularity in the financial accounting advisory services market. Major companies operating in the financial accounting advisory services market are adopting new technologies to sustain their position in the market. For instance, in June 2023, Numeric, a US-based financial service company, launched Numeric AI and Numeric Essentials. Numeric AI is an AI-powered tool that enables accountants to utilize extensive language models to increase efficiency and gain more control. Numeric AI automates the drafting of flux explanations by using information from underlying general ledger transactions, account trends, and prior descriptions. Numeric Essentials is an industry-first, free close management solution that uses real-time collaboration tools to help large and small accounting teams improve their month-end close.

The financial accounting advisory services market covered in this report is segmented -

1) By Type: Accounting Change Services, Buy-Side Support, Bankruptcy Services, IPO Advisory Services, Financial Reporting Issue And Restatement Services, Technical Accounting, Financial Statement Preparation, Accounting Software Migration, Cash Flow Management Services, Other Types
2) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises
3) By Application: Personal, General Company, Listed Company, Government, Other Applications
4) By Industry Vertical: Banking, Financial Services And Insurance (BFSI), IT And Telecom, Manufacturing, Retail And E-Commerce, Other Industry Vertical

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Major companies operating in the financial accounting advisory services market report are JPMorgan Chase & Co, The International Business Machines Corporation, PricewaterhouseCoopers International Limited (PwC), Ernst & Young Global Limited, Oracle Corporation, KPMG International Limited, SAP SE, Deloitte Consulting LLP, Capgemini SE, The PNC Financial Services Group Inc., BDO International Ltd., RSM International Limited, Nexia International, Baker Tilly US LLP, Bain & Company Inc., AlixPartners LLP, FTI Consulting Inc., Grant Thornton LLP, CBIZ Inc., Protiviti Inc., Alvarez & Marsal Holdings LLC, Crowe LLP, Plante & Moran PLLC, Armanino LLP, CohnReznick LLP, EisnerAmper LLP, MorganFranklin Consulting LLC, Sensiple Software Solutions Pvt Ltd., Accutech Systems Corporation, Quint Group Limited.

Contents of the report:
1. Executive Summary
2. Financial Accounting Advisory Services Market Report Structure
3. Financial Accounting Advisory Services Market Trends And Strategies
4. Financial Accounting Advisory Services Market - Macro Economic Scenario
5. Financial Accounting Advisory Services Market Size And Growth
…..
27. Financial Accounting Advisory Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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