Insights Into The Accounting Services Market’s Growth Opportunities Through 2023-2032 – Includes Accounting Services Market Analysis
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Regulatory reforms in the financial sector are expected to drive innovation in accounting services manufacturing, thus driving the market during the forecast period.
The global accounting services market is expected to grow from $640.7 billion in 2022 to $675.14 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The accounting services market is expected to grow from $795.99 billion in 2027 at a CAGR of 4.2%.
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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, Other End Use Industries
- 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 in 2021.
Major Market 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.
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 customers’ 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. For instance, QX Accounting Services (QXAS) Ltd provides outsourced accounting, finance, and other services to accountants and accountancy firms in the UK.
The Accounting Services Global Market Report 2023 provides a accounting services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The accounting services market forecast analyzes accounting services market size, accounting services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Accounting services defined as services used for the measurement, processing, and communication of financial data about economic entities. Accounting services help in calculating and preparation of tax returns and also for tax planning and keeps a check on the transactions of the business and after proper planning, it suggests ways to improve the business.
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