DUBLIN–(BUSINESS WIRE)–The report “Accounting Services Global Market Opportunities and Strategies to 2023” has been added to from ResearchAndMarkets.com offer.
This publisher’s report provides strategists, marketers, and senior management with the essential information they need to assess the global accounting services market.
The global accounting services market reached a value of nearly $574.4 billion in 2019, having grown at a compound annual growth rate (CAGR) of 5.7% since 2015.
Growth over the historical period has resulted from globalization, outsourcing of back-end operations to low-cost economies. Factors that negatively affected growth during the historical period were accounting scandals, regulatory challenges, and unstable political and social situations.
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The accounting services market is segmented by service type into payroll services, tax preparation services and bookkeeping services, financial auditing and other accounting services. Bookkeeping, financial auditing and other accounting services constituted the largest segment of the accounting market, accounting for $424.18 billion or 73.8% of the total market in 2019. It is also expected to be the fastest growing segment with a CAGR of 6.6. %.
North America was the largest accounting services market region, accounting for 42.6% of the global market in 2019. It was followed by Western Europe, Asia-Pacific and other regions. Going forward, the fastest growing regions in the accounting services market will be South America and Eastern Europe, where growth will be at CAGRs of 8.4% and 7, 7% respectively from 2019 to 2023.
Market trend based strategies for accounting services market include investment in cloud based accounting software, blockchain technology, communication technology and artificial intelligence and companies should try to automate redundant processes that involve manual labor. The business strategies adopted by major companies in the accounting services market include investing in technology to digitize the business, expanding into other geographies, integrating and gaining competitive advantage and in acquisitions and mergers to strengthen their service offerings.
Main topics covered:
1. Executive Summary of Accounting Services Market
2. Table of Contents
3. List of Figures
4. List of tables
5. Structure of the report
6.1.1. Segmentation by geography
6.1.2. Segmentation by type
7. Characteristics of the accounting services market
7.1. Market definition
7.2. Segmentation by type of service
8. Accounting Services Market, Supply Chain Analysis
8.1.2. Accounting Service Providers
8.1.3. end users
9. Accounting Services Market, Product Analysis – Examples of Products/Services
10. Accounting Services Market Customer Information
10.1. Outsourced Accounting Gives Greater Customer Satisfaction
10.2. Accounts Receivable Services Revenue Grows
10.3. Accounting services are often outsourced by small businesses
11. Accounting Services Market Trends and Strategies
11.1. Cloud-based accounting software to improve efficiency
11.2. Blockchain technology for accounting practices to improve accuracy and compliance
11.3. Increase in outsourcing in accounting firms
11.4. Accounting services using new communication technologies
11.5. Artificial intelligence fully automates accounting tasks
12. Global Accounting Services Market Size and Growth
12.1. Market size
12.2. Historical Market Growth, Value (Billions of dollars)
12.2.1. Market Drivers 2015-2019
12.2.2. Constraints on the market 2015-2019
12.3. Market growth forecast, value (in billions of dollars)
12.3.1. Market Drivers 2019-2023
12.3.2. Constraints on the market 2019-2023
13. Accounting Services Market, Regional Analysis
13.1. Global accounting services market, 2019, by region, value (USD billion)
13.2. Global accounting services market, 2015-2023, historical and forecast, by region
13.3. Global Accounting Services Market, 2019-2023, Growth and Market Share Comparison, by Region
14. Global Accounting Services Market Segmentation
14.1. Global Accounting Services Market, Segmentation by Service Type, 2015-2023, Value (USD Billion)
15. Global Accounting Services Market Comparison with Macroeconomic Factors
15.1. Accounting Services Market Size, Percentage of GDP, Global
15.2. Average per capita spending in the accounting services market, globally
ADP (Automatic Data Processing, Inc.)
Alvarez and Marsal
BDO (Binder Dijker Otte) International Limited
Accounting Charles Ghadban
DSG chartered accountants
Ernest and Young
Italian Accountants Studio Del Gaizo Picchioni
KML Accounting Services
Moore Stephens United Kingdom
Spira Twist & Associates
Studio International Tornamb
For more information on this report, visit https://www.researchandmarkets.com/r/v4ched