Global Accounting Services Industry (2019 to 2023) – With Accenture, ADP, and Alvarez & Marsal, among others – ResearchAndMarkets.com

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. Presentation

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

8.1.1. Resources

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

Companies cited

  • Accenture

  • ADP (Automatic Data Processing, Inc.)

  • Alvarez and Marsal

  • Baker Tilly

  • BDO (Binder Dijker Otte) International Limited

  • Champion accountants

  • Accounting Charles Ghadban

  • Crowe Horwath

  • Deloitte

  • DSG chartered accountants

  • Ernest and Young

  • Grant Thorton

  • HR block

  • Italian Accountants Studio Del Gaizo Picchioni

  • KML Accounting Services

  • KPMG

  • Mazars

  • Moore Stephens United Kingdom

  • Pan-Chinese CPA

  • Picco Accounting

  • PWC (PricewaterhouseCoopers)

  • Rodl partner

  • RSM

  • CPA Ruihua

  • RWT

  • Spira Twist & Associates

  • Studio International Tornamb

For more information on this report, visit https://www.researchandmarkets.com/r/v4ched

Kristan F. Talley