Accounting Services Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

How Large Will the Accounting Services Market Size By 2025?
Over the past few years, there has been a consistent growth pattern in the accounting services market size. The sector is projected to expand from a substantial $636.03 billion in 2024 to an even larger $660.65 billion in 2025, with a compound annual growth rate (CAGR) of 3.9%. The historical growth has been driven by several factors including globalization, the shift of back-end operations to economies with lower costs, an increase in research and development (R&D) investments, and robust economic growth within emerging markets.

How Big Is the Accounting Services Market Size Expected to Grow by 2029?
It is anticipated that the accounting services market will experience consistent growth in the coming years, reaching $800.68 billion in 2029, with a compound annual growth rate (CAGR) of 4.9%. This growth during the forecast period can be linked to the evolution of financial reporting standards, regulatory changes, technological advancements, and increased urbanization. Foreseen trends for this period include capitalizing on opportunities and expanding services via information technology, contemplating the use of social media communication, cloud-based accounting systems, blockchain technology, large data sets, communication technology, and artificial intelligence. Companies are also recommended to consider automating redundant processes that involve manual work.

View the full report here:
https://www.thebusinessresearchcompany.com/report/accounting-services-global-market-report

Which Key Market Drivers Powering Accounting Services Market Expansion and Growth?
The need for accounting services such as accounting and tax advisory has escalated due to regulatory alterations in the financial sector. For instance, in the fiscal year 2021-22, the Indian government established the National Asset Reconstruction Company Limited (NARCL) or the Bad Bank, in response to increasing tension within the banking and financial sectors. With the resumption of regular activities this year, it is anticipated that over 80,000 crores worth of 22 stressed loans will be moved to NARCL for resolution via a focused strategy. Further significant developments in the next five years, like the UK's departure from the EU, are projected to create more demand for accounting consultants, thereby propelling the market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3601&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Accounting Services Market?
Many accountants are delegating conventional basic accounting functions like payroll accounting, accounts payable, and accounts receivable to permit their staff to concentrate on tasks of greater value like specializing in their clients' industries and scrutinizing their clients' business statistics. This added scrutiny and attention are evolving the conventional accountant's role into a business consultant, thereby enhancing customer service by establishing robust, counsel-oriented relationships. For instance, QX Accounting Services (QXAS) Ltd, offers outsourced accounting, financial, and other services to accountants and accounting firms in the UK.

What Are the Emerging Segments in the Accounting Services Market?
The accounting services market covered in this report is segmented -

1) By Type: Payroll Services, Tax Preparation Services, Bookkeeping, Financial Auditing And Other Accounting Services
2) By Service Provider: Large Enterprise, Small And Medium Enterprise
3) By End Use Industry: IT Services, Manufacturing, Financial Services, Construction, Others

Subsegments:
1) By Payroll Services: Payroll Processing, Wage Calculations, Direct Deposit Management, Tax Filings Related to Payroll
2) By Tax Preparation Services: Individual Tax Preparation, Corporate Tax Preparation, Estate and Trust Tax Preparation, Tax Advisory Services
3) By Bookkeeping: Accounts Payable and Receivable, General Ledger Management, Financial Reporting, Bank Reconciliation
4) By Financial Auditing And Other Accounting Services: Internal Auditing, External Auditing, Forensic Accounting, Financial Statement Review, Risk Management

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=3601&type=smp

Who Are the Global Leaders in the Accounting Services Market?
Major companies operating in the accounting services market include PwC, Ernst & Young, Deloitte Touche Tohmatsu Limited, KPMG, ADP (Automatic Data Processing, Inc), Paychex, Inc., Grant Thornton LLP, RSM International, H&R Block, Inc., Huazhen CPA, BDO China Shu Lun Pan CPAs, Pan-China CPA, Ruihua CPA, Zhong Tian, Moore Stephens UK, Rodl Partner, Champion Accountants, DSG Chartered Accountants, RWT, Spira Twist & Associates, Italian Accountants Studio Del Gaizo Picchioni, Studio International Tornambè, KML Bookkeeping Services, accenture*, Alvarez & Marsal, Picco Accounting, Charles Ghadban, SAP SE, Oracle Corporation, Kofax Inc., YayPay Inc., SK Global Software Accounting, Mercer LLC, McKinsey & Company, Willis Towers Watson, Korn Ferry, Boston Consulting Group, Aon Hewitt, Bain & Company, Oliver Wyman, Huron, Capgemini, Kearney, IBM Global Business Services, Kaiser Associates, Crowe Horwath, Baker Tilly Greenwoods Chartered Accountants, Mazars

Which are the Top Profitable Regional Markets for the Accounting Services Industry?
North America was the largest region in the accounting services market in 2024. Western Europe was the second largest region in the accounting services market. The regions covered in the accounting services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3601

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.