Press release
Financial Accounting Advisory Services Market: Growth Projections, Market Size, Dominant Players, and Latest Trends
"Promising Growth in the Financial Accounting Advisory Services Market, with a CAGR of 7.1% from 2024 to 2025 and 8.1% from 2025 to 2029.
What Is The Projected Market Size Of The Global Financial Accounting Advisory Services Market And Its Growth Rate?
• The market size was valued at $105.21 billion in 2024 and is projected to grow to $112.65 billion by 2025, showing a compound annual growth rate (CAGR) of 7.1%.
• This growth is primarily due to new accounting standards, regulatory changes, globalization, and multinational corporations' expansion.
• It's predicted that the market size will continue to grow robustly, reaching $153.72 billion by 2029 at a CAGR of 8.1%.
• This growth can be linked to the adoption of enterprise resource planning systems and cloud-based financial accounting solutions, corporate governance and risk management concerns, and the increasing need for transparency in financial reporting.
What Is Driving The Growth In The Financial Accounting Advisory Services Market?
The rapid growth of the financial accounting advisory services market is majorly attributed to the increasing demand for financial services. Financial accounting advisory services offer expert advice, enhance financial transparency, and aid informed decision-making. One significant driver is the anticipated increase in median household income, with S&P Global predicting a rise from $72,465 in 2022 to $81,230 in 2027 in the US. This increased income level indirectly propels the increasing demand for financial services, which, in turn, drives market growth.
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Who Are the Key Players Driving Financial Accounting Advisory Services Market Growth?
• 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.
What Are The Key Trends In The Financial Accounting Advisory Services Market?
The financial advisory services market is evolving with the following key trends:
• Integration of artificial intelligence
• Integration of machine learning in financial advisory
• Growth of advisory services for cryptocurrency and blockchain
• Integration of predictive analytics in financial decision-making
What Are The Segments Of The Global Financial Accounting Advisory Services Market?
The financial accounting advisory services market is segmented as:
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
Which Region Leads The Financial Accounting Advisory Services Market?
In 2024, North America was the largest region in the financial accounting advisory services market. The areas covered in this market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Financial Accounting Advisory Services Market Global Market Report?
• Market Size Analysis: Analyze the Financial Accounting Advisory Services Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Financial Accounting Advisory Services Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Financial Accounting Advisory Services Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Financial Accounting Advisory Services Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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