Learn about the global accounting services market through The Business Research Company, which provides information on accounting services market size, accounting services market drivers and restraints, accounting services market players, the COVID-19 impact on the accounting services market, and more.

The accounting services market size is expected to grow from $0.58 trillion in 2021 to $1.00 trillion in 2026 at a rate of 11.4%. The accounting services market size is then expected to grow at a CAGR of 11.5% from 2026 and reach $1.73 trillion in 2031

Use of advanced technologies such as artificial intelligence to analyze and quickly identify irregularities in data is expected to drive the growth of the accounting services market in the forecast period.

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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. Accounting services include the processes of summarizing business transactions and reporting the analyses to regulators, and government entities.

Global accounting services market segments include:

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: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global accounting services market, accounting for 42.4% of the global market in 2021

Major firms in the accounting services market are rapidly moving towards the process of digitalization, following the emergence of information communication and technology. Investor expectations, rising competition, new regulatory pressures, and increasing opportunities are putting organizations under pressure to digitalize their processes and management. Accounting services 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 digitalizing data, records, client history, briefings, reports, testimony, and other information that enables them to quickly find relevant information.

TBRC’s accounting services market report covers:

Major Market Players: PwC, Ernst & Young, Deloitte Touche Tohmatsu Limited, KPMG, ADP (Automatic Data Processing, Inc)

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

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

TBRC’s accounting services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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