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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, as per The Business Research Company’s accounting services market opportunities and strategies report.

The accounting services market is expected to grow 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 $1,738.70 billion in 2031.

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Major players in the accounting services market include PwC, Ernst & Young, Deloitte Touche Tohmatsu, Limited, KPMG, ADP (Automatic Data Processing, Inc).

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.

The Global Accounting Services Market Is Segmented:
By Type: Payroll Services, Tax Preparation Services, Bookkeeping, Financial Auditing And 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 is the largest region in the global accounting services market.

TBRC’s Accounting Services Market Report Covers:

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 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough accounting services market research, analyzes and forecasts accounting services market size, accounting services market share, accounting services market players, accounting services market trends, accounting services market segmentation 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.

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.

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