Bookkeeping, Financial Auditing and Other Accounting Services Market Growth Trajectory – Insights On Key Drivers, Major Trends, And Top Opportunities
6 Jul, 2023
The global bookkeeping, financial auditing and other accounting services market size is expected to grow from $520.32 billion in 2022 to $542.17 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global bookkeeping, financial auditing and other accounting services market size is expected to reach $622.67 billion in 2027 at a CAGR of 3.5%.
Global Bookkeeping, Financial Auditing and Other Accounting Services Market Key Driver
The regulatory reform in the financial sector is expected to propel the growth of the bookkeeping, financial auditing and other accounting services market going forward. Regulatory reform entails the province thoroughly analysing its regulations to determine how to raise their standards, which can result in a more complex financial landscape requiring specialised knowledge and expertise, as well as new opportunities for accounting firms to provide services to clients, resulting in increased demand for compliance services, greater scrutiny of financial statements, and other benefits.
Get a sample of the global bookkeeping, financial auditing and other accounting services market reportGlobal Bookkeeping, Financial Auditing and Other Accounting Services Market Segments
The global bookkeeping, financial auditing and other accounting services market is segmented:
1) By Type: Tax Preparation Services, Bookkeeping Services, Payroll Services
2) By Service Provider: Large Enterprise, Small And Medium Enterprise
3) By End User: Banking, Financial Services And Insurance (BFSI), Government, Manufacturing, Healthcare, IT And Telecom, Other End Users
4) By Geography: The regions covered in the bookkeeping, financial auditing and other accounting services market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global bookkeeping, financial auditing and other accounting services market.
Major Bookkeeping, Financial Auditing and Other Accounting Services Industry Players
Deloitte Touche Tohmatsu Limited, KPMG International, PricewaterhouseCoopers (PwC), Grant Thornton International Ltd., Ernst & Young pvt Ltd, RSM International Association, Moore Stephens International Limited (Moore Global), Mazars, BDO global, Nexia International Limited, Bharat LLP, Oracle Corporation, Richards Financial Services Inc, SAP SE, Xero Limited, Intuit Inc, AcuityCFO LLC, Bookkeeper360, AcctTwo Shared Services
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Bookkeeping, Financial Auditing and Other Accounting Services Market Overview
Bookkeeping and financial auditing refers to an accounting term used for recording, classifying and evaluation of finances data. The primary purpose of bookkeeping is mainly concerned with recording of day-to-day transactions, whereas financial auditing ensures that financial statements are accurate and in accordance with generally accepted accounting standards. The other accounting services involve financial statement preparation: reviews and compilations, income tax preparation and compliance, income tax planning and consulting, monthly, quarterly, and annual financial reporting statements, implementation of new accounting software packages, bill paying services and Business management.
Bookkeeping, Financial Auditing and Other Accounting Services Global Market Report 2023 provides data on the global bookkeeping, financial auditing and other accounting services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The bookkeeping, financial auditing and other accounting services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.