The Business Research Company’s report goes into great detail on the accounting services market size and growth, accounting services market regional analysis, accounting services market competitive landscape, and other critical information needed to excel in the accounting services industry.

Major players in the accounting services market include PwC, Ernst & Young, KPMG, Deloitte Touche Tohmatsu Limited, ADP LLC, BDO LLP, Paychex Inc., Grant Thornton LLP, RSM International and H&R Block Inc.

TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.

The global accounting services market is expected to grow from $1175.88 billion in 2021 to $1324.77 billion in 2022 at a compound annual growth rate (CAGR) of 12.7%. The growth in the accounting services market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The accounting services market is expected to reach $2019.02 billion in 2026 at a CAGR of 11.1%.

North America was the largest region in the accounting services market in 2021.

The accounting services market consists of the sales of accounting services and related goods by entities (organizations, sole traders and partnerships) that provide recording and analysis of financial transactions and other financial values pertaining to businesses and other organizations. The accounting service involves summarizing, analyzing, auditing and reporting of the financial transactions to tax collection agencies and entities. It also involves auditing and preparing financial statements, designing accounting systems, developing budgets and accounting advisory. Accounting services undertake processes where human capital is the major input. They make available the knowledge and skills of their employees, often on an assignment basis, where an individual or team is responsible for the delivery of services to the client.

Regulatory reforms in the financial sector have heightened demand for accounting services such as accounting and tax advisory.

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Some accountants are outsourcing typical basic accounting tasks such as payroll accounting, accounts payable and accounts receivable to allow their employees to focus on higher value activities such as becoming vertical experts in their customer’s markets and analyzing their clients’ business data. This extra attention and analysis is transforming the role of a traditional accountant into a business advisor and takes customer service to the next level by developing strong counsel-focused relationships.

TBRC’s Global Accounting Services Market Report Is Segmented:
By Type: Payroll Services, Tax Preparation Services, Bookkeeping, Financial Auditing, Other Accounting Services

By End Use Industry: IT Services, Manufacturing, Financial Services, Construction, Others

By Service Provider: Large Enterprise, Small and Medium Enterprise

By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The Accounting Services Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the accounting services market globally and regionally, analyzes and forecasts market size, share, accounting services market players, accounting services market segments, leading competitor revenues, profiles and market shares.

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