Global Accounting Services Market Drivers, Trends and Restraints 2022-2031
Business Research Company Accounting Services Market 2022 – Opportunities and Strategies – Global Forecast to 2031
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According to The Business Research Company’s “Global Accounting Services Market Report 2022”, the accounting services market is expected to reach a value of $587.94 billion in 2021, after growing at a compound annual growth rate. (CAGR) of 3.1% since 2016. Accounting services market growth is expected to increase from $587.94 billion in 2021 to $1,009.51 billion in 2026 at a rate of 11.4%. The global accounting services market size is then expected to grow at a CAGR of 11.5% from 2026 and reach USD 1,738.70 billion by 2031. The use of advanced technologies such as artificial intelligence to analyze and Quickly identifying irregularities in data is expected to drive the growth of the accounting services market over the forecast period.
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Key Accounting Services Market Trends
Major companies in the accounting services market are rapidly moving towards the process of digitization, following the emergence of communication and information technology. Investor expectations, growing competition, new regulatory pressures and growing opportunities are putting organizations under pressure to digitize their processes and management. Accounting service firms are investing in various technologies, such as machine learning, mobility, cloud computing, performance tracking, and artificial intelligence to streamline the process, reduce operational costs, and increase efficiency. With machine learning and cloud computing, companies are digitizing data, records, customer history, briefings, reports, testimonials, and other information that allows them to find relevant information quickly. For example, according to a report by Ernst & Young, the key point was that just 16% of consumers across Europe expect the way they do their banking to change in the long term because of COVID. -19. There is also a generation gap. Those over 55 are the group least likely to have changed the way they bank, with only 17% expecting to bank more online in the next 1-2 years, compared to 28% of under 35s.
Overview of the accounting services market
The accounting services market includes the sales of accounting services and related goods by entities (organizations, sole proprietorships, and partnerships) that provide the recording and analysis of financial transactions and other financial values relating to businesses and other organizations. Accounting services include the processes of summarizing business transactions and reporting analyzes to regulators and government entities.
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TBRC Global Accounting Services Market Report 2022 covers the following insights:
Market Size Data
• Forecast period: historical and future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
• By country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, USA.
Segmentation of the accounting services market
• By type: payroll services, tax preparation services, bookkeeping, financial audit, other accounting services
• By end-use sector: IT services, manufacturing, financial services, construction, other
• By service provider: large enterprise, small and medium enterprise
• By Geography: The global accounting services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America holds the largest market share.
Major market players such as Ernst & Young, PwC, Deloitte, KPMG LLP, BDO International
Trends, opportunities, strategies and much more.
The Global Accounting Services Market Report 2022 is one of the comprehensive reports by The Business Research Company that provides global accounting services market analysis and insight into the global accounting services market. The market report analyzes the global accounting services market size, global accounting services market growth drivers, global accounting services market trends, global accounting services market segments, major players of the global accounting services market, growth of the accounting services market in all geographies and revenue of competitors in the accounting services market. and market positioning. The Accounting Services market report allows you to gain insight into opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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