FEATURED COMPANIES
- BDO International Ltd
- Deloitte LLP
- Ernst & Young LLP
- KPMG LLP
- PwC LLP
Accounting Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global accounting services market as it emerges from the COVID-19 shut down.
Reasons to Purchase
Description:
Where is the largest and fastest growing market for the accounting services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Accounting Services market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider accounting services market, and compares it with other markets.
Scope
Markets Covered:
1) By Type: Payroll Services; Tax Preparation Services; Bookkeeping, Financial Auditing and Other Accounting Services
2) By End Use Industry: IT Services; Manufacturing; Financial Services; Construction; Others
Companies Mentioned: PwC LLP; Ernst & Young LLP; Deloitte LLP; KPMG LLP; BDO International Ltd
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, accounting services indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for the accounting services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Accounting Services market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider accounting services market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The accounting services market section of the report gives context. It compares the accounting services market with other segments of the professional services market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, accounting services indicators comparison.
Scope
Markets Covered:
1) By Type: Payroll Services; Tax Preparation Services; Bookkeeping, Financial Auditing and Other Accounting Services
2) By End Use Industry: IT Services; Manufacturing; Financial Services; Construction; Others
Companies Mentioned: PwC LLP; Ernst & Young LLP; Deloitte LLP; KPMG LLP; BDO International Ltd
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, accounting services indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Accounting Services Market
What is the estimated value of the Global Accounting Services Market?
What is the growth rate of the Global Accounting Services Market?
What is the forecasted size of the Global Accounting Services Market?
Who are the key companies in the Global Accounting Services Market?
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- BDO International Ltd
- Deloitte LLP
- Ernst & Young LLP
- KPMG LLP
- PwC LLP
1. Executive Summary
2. Report Structure
3. Accounting Services Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Accounting Services Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Accounting Services Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Accounting Services Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Accounting Services Market Trends and Strategies
8. Impact of COVID-19 on Accounting Services
9. Accounting Services Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market
10. Accounting Services Market Regional Analysis
10.1. Global Accounting Services Market, 2020, by Region, Value ($ Billion)
10.2. Global Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Accounting Services Market, Growth and Market Share Comparison, by Region
11. Accounting Services Market Segmentation
11.1. Global Accounting Services Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Accounting Services Market Metrics
12.1. Accounting Services Market Size, Percentage of GDP, 2015-2025, Global
12.2. Per Capita Average Accounting Services Market Expenditure, 2015-2025, Global
13. Asia-Pacific Accounting Services Market
13.1. Asia-Pacific Accounting Services Market Overview
13.3. Asia-Pacific, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
13.4. Asia-Pacific, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
13.5. Asia-Pacific, Accounting Services Market Metrics
13.5.1. Per Capita Average Accounting Services Expenditure, 2015-2025, Asia-Pacific Countries
13.5.2. Number of Enterprises, Accounting Services Market, Accounting Services Market/Number of Enterprises, 2020, Asia-Pacific Countries
13.5.3. Number of Employees, Accounting Services Market, Accounting Services Market/Number of Employees, 2020, Asia-Pacific Countries
13.6. Asia-Pacific Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7. Asia-Pacific Accounting Services Market: Country Analysis
13.7.1. China Accounting Services Market
13.7.1.1. China Accounting Services Market Overview
13.7.1.2. China Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.1.3. China Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.2. Australia Accounting Services Market
13.7.2.1. Australia Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.2.2. Australia Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.3. Hong Kong Accounting Services Market
13.7.3.1. Hong Kong Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.4. India Accounting Services Market
13.7.4.1. India Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.4.2. India Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.5. Indonesia Accounting Services Market
13.7.5.1. Indonesia Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.5.2. Indonesia Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.6. Japan Accounting Services Market
13.7.6.1. Japan Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.6.2. Japan Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.7. Malaysia Accounting Services Market
13.7.7.1. Malaysia Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.8. New Zealand Accounting Services Market
13.7.8.1. New Zealand Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.9. Philippines Accounting Services Market
13.7.9.1. Philippines Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.10. Singapore Accounting Services Market
13.7.10.1. Singapore Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.11. South Korea Accounting Services Market
13.7.11.1. South Korea Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.11.2. South Korea Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.12. Thailand Accounting Services Market
13.7.12.1. Thailand Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.13. Vietnam Accounting Services Market
13.7.13.1. Vietnam Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14. Western Europe Accounting Services Market
14.1. Western Europe Accounting Services Market Overview
14.2. Western Europe, Accounting Services Market, 2020, by Country, Value ($ Billion)
14.3. Western Europe, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
14.4. Western Europe, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
14.5. Western Europe, Accounting Services Market Metrics
14.5.1. Per Capita Average Accounting Services Expenditure, 2015-2025, Western Europe Countries
14.5.2. Number of Enterprises, Accounting Services Market, Accounting Services Market/Number of Enterprises, 2020, Western Europe Countries
14.5.3. Number of Employees, Accounting Services Market, Accounting Services Market/Number of Employees, 2020, Western Europe Countries
14.6. Western Europe Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7. Western Europe Accounting Services Market: Country Analysis
14.7.1. Austria Accounting Services Market
14.7.1.1. Austria Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.2. Belgium Accounting Services Market
14.7.2.1. Belgium Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.3. Denmark Accounting Services Market
14.7.3.1. Denmark Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.4. Finland Accounting Services Market
14.7.4.1. Finland Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.5. France Accounting Services Market
14.7.5.1. France Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.5.2. France Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.6. Germany Accounting Services Market
14.7.6.1. Germany Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.6.2. Germany Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.7. Ireland Accounting Services Market
14.7.7.1. Ireland Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.8. Italy Accounting Services Market
14.7.8.1. Italy Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.9. Netherlands Accounting Services Market
14.7.9.1. Netherlands Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.10. Norway Accounting Services Market
14.7.10.1. Norway Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.11. Portugal Accounting Services Market
14.7.11.1. Portugal Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.12. Spain Accounting Services Market
14.7.12.1. Spain Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.13. Sweden Accounting Services Market
14.7.13.1. Sweden Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.14. Switzerland Accounting Services Market
14.7.14.1. Switzerland Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.15. UK Accounting Services Market
14.7.15.1. UK Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.15.2. UK Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15. Eastern Europe Accounting Services Market
15.1. Eastern Europe Accounting Services Market Overview
15.2. Eastern Europe, Accounting Services Market, 2020, by Country, Value ($ Billion)
15.3. Eastern Europe, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
15.4. Eastern Europe, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
15.5. Eastern Europe, Accounting Services Market Metrics
15.5.1. Per Capita Average Accounting Services Expenditure, 2015-2025, Eastern Europe Countries
15.5.2. Number of Enterprises, Accounting Services Market, Accounting Services Market/Number of Enterprises, 2020, Eastern Europe Countries
15.5.3. Number of Employees, Accounting Services Market, Accounting Services Market/Number of Employees, 2020, Eastern Europe Countries
15.6. Eastern Europe Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7. Eastern Europe Accounting Services Market: Country Analysis
15.7.1. Czech Republic Accounting Services Market,
15.7.1.1. Czech Republic Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.2. Poland Accounting Services Market
15.7.2.1. Poland Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.3. Romania Accounting Services Market
15.7.3.1. Romania Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.4. Russia Accounting Services Market
15.7.4.1. Russia Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.4.2. Russia Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16. North America Accounting Services Market
16.1. North America Accounting Services Market Overview
16.2. North America, Accounting Services Market, 2020, by Country, Value ($ Billion)
16.3. North America, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
16.4. North America, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
16.5. North America, Accounting Services Market Metrics
16.5.1. Per Capita Average Accounting Services Expenditure, 2015-2025, North America Countries
16.5.2. Number of Enterprises, Accounting Services Market, Accounting Services Market/Number of Enterprises, 2020, North America Countries
16.5.3. Number of Employees, Accounting Services Market, Accounting Services Market/Number of Employees, 2020, North America Countries
16.6. North America Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7. North America Accounting Services Market: Country Analysis
16.7.1. Canada Accounting Services Market
16.7.1.1. Canada Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.2. Mexico Accounting Services Market
16.7.2.1. Mexico Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.3. USA Accounting Services Market
16.7.3.1. USA Accounting Services Market Overview
16.7.3.2. USA Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.3.3. USA Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17. South America Accounting Services Market
17.1. South America Accounting Services Market Overview
17.2. South America, Accounting Services Market, 2020, by Country, Value ($ Billion)
17.3. South America, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
17.4. South America, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
17.5. South America, Accounting Services Market Metrics
17.5.1. Per Capita Average Accounting Services Expenditure, 2015-2025, South America Countries
17.5.2. Number of Enterprises, Accounting Services Market, Accounting Services Market/Number of Enterprises, 2020, South America Countries
17.5.3. Number of Employees, Accounting Services Market, Accounting Services Market/Number of Employees, 2020, South America Countries
17.6. South America Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7. South America Accounting Services Market: Country Analysis
17.7.1. Argentina Accounting Services Market
17.7.1.1. Argentina Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.2. Brazil Accounting Services Market
17.7.1.1. Brazil Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.2.2. Brazil Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.3. Chile Accounting Services Market
17.7.3.1. Chile Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.4. Colombia Accounting Services Market
17.7.4.1. Colombia Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.5. Peru Accounting Services Market
17.7.5.1. Peru Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.6. Venezuela Accounting Services Market
17.7.6.1. Venezuela Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18. Middle East Accounting Services Market
18.1. Middle East Accounting Services Market Overview
18.2. Middle East, Accounting Services Market, 2020, by Country, Value ($ Billion)
18.3. Middle East, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
18.4. Middle East, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
18.5. Middle East, Accounting Services Market Metrics
18.5.1. Per Capita Average Accounting Services Expenditure, 2015-2025, Middle East Countries
18.5.2. Number of Enterprises, Accounting Services Market, Accounting Services Market/Number of Enterprises, 2020, Middle East Countries
18.5.3. Number of Employees, Accounting Services Market, Accounting Services Market/Number of Employees, 2020, Middle East Countries
18.6. Middle East Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7. Middle East Accounting Services Market: Country Analysis
18.7.1. Saudi Arabia Accounting Services Market
18.7.1.1. Saudi Arabia Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.2. Israel Accounting Services Market
18.7.2.1. Israel Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.3. Turkey Accounting Services Market
18.7.3.1. Turkey Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.4. UAE Accounting Services Market
18.7.4.1. UAE Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19. Africa Accounting Services Market
19.1. Africa Accounting Services Market Overview
19.2. Africa, Accounting Services Market, 2020, by Country, Value ($ Billion)
19.3. Africa, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
19.4. Africa, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
19.5. Africa, Accounting Services Market Metrics
19.5.1. Per Capita Average Accounting Services Expenditure, 2015-2025, Africa Countries
19.5.2. Number of Enterprises, Accounting Services Market, Accounting Services Market/Number of Enterprises, 2020, Africa Countries
19.5.3. Number of Employees, Accounting Services Market, Accounting Services Market/Number of Employees, 2020, Africa Countries
19.6. Africa Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7. Africa Accounting Services Market: Country Analysis
19.7.1. Egypt Accounting Services Market
19.7.1.1. Egypt Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.2. Nigeria Accounting Services Market
19.7.2.1. Nigeria Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.3. South Africa Accounting Services Market
19.7.3.1. South Africa Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20. Accounting Services Market Competitive Landscape
20.1. Competitive Market Overview
20.2. Market Shares
20.3. Company Profiles
20.3.1. PwC LLP
20.3.1.1. Company Overview
20.3.1.2. Products and Services
20.3.1.3. Strategy
20.3.1.4. Financial Performance
20.3.2. Ernst & Young LLP
20.3.2.1. Company Overview
20.3.2.2. Products and Services
20.3.2.3. Strategy
20.3.2.4. Financial Performance
20.3.3. Deloitte LLP
20.3.3.1. Company Overview
20.3.3.2. Products and Services
20.3.3.3. Strategy
20.3.3.4. Financial Performance
20.3.4. KPMG LLP
20.3.4.1. Company Overview
20.3.4.2. Products and Services
20.3.4.3. Strategy
20.3.4.4. Financial Performance
20.3.5. BDO International Ltd
20.3.5.1. Company Overview
20.3.5.2. Products and Services
20.3.5.3. Strategy
20.3.5.4. Financial Performance
21. Key Mergers and Acquisitions in the Accounting Services Market
22. Market Background: Professional Services Market
22.1. Professional Services Market Characteristics
22.2. Professional Services Market Historic and Forecast, 2015-2020, 2020-2025F, 2030F Growth, by Segment, Value ($ Billion), Global
22.3. Global Professional Services Market, 2020, by Region, Value ($ Billion)
22.4. Global Professional Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
22.5. Global Professional Services Market, 2015-2020, 2020-2025F, 2030F, Segmentation by Type, Value ($ Billion)
23. Recommendations
23.1. Global Accounting Services Market in 2025 - Growth Countries
23.2. Global Accounting Services Market in 2025 - Growth Segments
23.3. Global Accounting Services Market in 2025 - Growth Strategies
24. Appendix
24.1. NAICS Definitions of Industry Covered in this Report
24.2. Abbreviations
24.3. Currencies
24.4. Research Inquiries
24.5. About the Publisher
25. Copyright and Disclaimer
2. Report Structure
3. Accounting Services Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Accounting Services Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Accounting Services Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Accounting Services Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Accounting Services Market Trends and Strategies
8. Impact of COVID-19 on Accounting Services
9. Accounting Services Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market
10. Accounting Services Market Regional Analysis
10.1. Global Accounting Services Market, 2020, by Region, Value ($ Billion)
10.2. Global Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Accounting Services Market, Growth and Market Share Comparison, by Region
11. Accounting Services Market Segmentation
11.1. Global Accounting Services Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Payroll Services
- Tax Preparation Services
- Bookkeeping, Financial Auditing and Other Accounting Services
- IT Services
- Manufacturing
- Financial Services
- Construction
- Others
12. Accounting Services Market Metrics
12.1. Accounting Services Market Size, Percentage of GDP, 2015-2025, Global
12.2. Per Capita Average Accounting Services Market Expenditure, 2015-2025, Global
13. Asia-Pacific Accounting Services Market
13.1. Asia-Pacific Accounting Services Market Overview
- Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
13.3. Asia-Pacific, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
13.4. Asia-Pacific, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
13.5. Asia-Pacific, Accounting Services Market Metrics
13.5.1. Per Capita Average Accounting Services Expenditure, 2015-2025, Asia-Pacific Countries
13.5.2. Number of Enterprises, Accounting Services Market, Accounting Services Market/Number of Enterprises, 2020, Asia-Pacific Countries
13.5.3. Number of Employees, Accounting Services Market, Accounting Services Market/Number of Employees, 2020, Asia-Pacific Countries
13.6. Asia-Pacific Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7. Asia-Pacific Accounting Services Market: Country Analysis
13.7.1. China Accounting Services Market
13.7.1.1. China Accounting Services Market Overview
13.7.1.2. China Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.1.3. China Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.2. Australia Accounting Services Market
13.7.2.1. Australia Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.2.2. Australia Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.3. Hong Kong Accounting Services Market
13.7.3.1. Hong Kong Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.4. India Accounting Services Market
13.7.4.1. India Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.4.2. India Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.5. Indonesia Accounting Services Market
13.7.5.1. Indonesia Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.5.2. Indonesia Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.6. Japan Accounting Services Market
13.7.6.1. Japan Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.6.2. Japan Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.7. Malaysia Accounting Services Market
13.7.7.1. Malaysia Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.8. New Zealand Accounting Services Market
13.7.8.1. New Zealand Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.9. Philippines Accounting Services Market
13.7.9.1. Philippines Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.10. Singapore Accounting Services Market
13.7.10.1. Singapore Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.11. South Korea Accounting Services Market
13.7.11.1. South Korea Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.11.2. South Korea Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.12. Thailand Accounting Services Market
13.7.12.1. Thailand Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.13. Vietnam Accounting Services Market
13.7.13.1. Vietnam Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14. Western Europe Accounting Services Market
14.1. Western Europe Accounting Services Market Overview
14.2. Western Europe, Accounting Services Market, 2020, by Country, Value ($ Billion)
14.3. Western Europe, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
14.4. Western Europe, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
14.5. Western Europe, Accounting Services Market Metrics
14.5.1. Per Capita Average Accounting Services Expenditure, 2015-2025, Western Europe Countries
14.5.2. Number of Enterprises, Accounting Services Market, Accounting Services Market/Number of Enterprises, 2020, Western Europe Countries
14.5.3. Number of Employees, Accounting Services Market, Accounting Services Market/Number of Employees, 2020, Western Europe Countries
14.6. Western Europe Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7. Western Europe Accounting Services Market: Country Analysis
14.7.1. Austria Accounting Services Market
14.7.1.1. Austria Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.2. Belgium Accounting Services Market
14.7.2.1. Belgium Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.3. Denmark Accounting Services Market
14.7.3.1. Denmark Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.4. Finland Accounting Services Market
14.7.4.1. Finland Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.5. France Accounting Services Market
14.7.5.1. France Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.5.2. France Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.6. Germany Accounting Services Market
14.7.6.1. Germany Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.6.2. Germany Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.7. Ireland Accounting Services Market
14.7.7.1. Ireland Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.8. Italy Accounting Services Market
14.7.8.1. Italy Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.9. Netherlands Accounting Services Market
14.7.9.1. Netherlands Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.10. Norway Accounting Services Market
14.7.10.1. Norway Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.11. Portugal Accounting Services Market
14.7.11.1. Portugal Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.12. Spain Accounting Services Market
14.7.12.1. Spain Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.13. Sweden Accounting Services Market
14.7.13.1. Sweden Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.14. Switzerland Accounting Services Market
14.7.14.1. Switzerland Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.15. UK Accounting Services Market
14.7.15.1. UK Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.15.2. UK Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15. Eastern Europe Accounting Services Market
15.1. Eastern Europe Accounting Services Market Overview
15.2. Eastern Europe, Accounting Services Market, 2020, by Country, Value ($ Billion)
15.3. Eastern Europe, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
15.4. Eastern Europe, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
15.5. Eastern Europe, Accounting Services Market Metrics
15.5.1. Per Capita Average Accounting Services Expenditure, 2015-2025, Eastern Europe Countries
15.5.2. Number of Enterprises, Accounting Services Market, Accounting Services Market/Number of Enterprises, 2020, Eastern Europe Countries
15.5.3. Number of Employees, Accounting Services Market, Accounting Services Market/Number of Employees, 2020, Eastern Europe Countries
15.6. Eastern Europe Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7. Eastern Europe Accounting Services Market: Country Analysis
15.7.1. Czech Republic Accounting Services Market,
15.7.1.1. Czech Republic Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.2. Poland Accounting Services Market
15.7.2.1. Poland Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.3. Romania Accounting Services Market
15.7.3.1. Romania Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.4. Russia Accounting Services Market
15.7.4.1. Russia Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.4.2. Russia Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16. North America Accounting Services Market
16.1. North America Accounting Services Market Overview
16.2. North America, Accounting Services Market, 2020, by Country, Value ($ Billion)
16.3. North America, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
16.4. North America, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
16.5. North America, Accounting Services Market Metrics
16.5.1. Per Capita Average Accounting Services Expenditure, 2015-2025, North America Countries
16.5.2. Number of Enterprises, Accounting Services Market, Accounting Services Market/Number of Enterprises, 2020, North America Countries
16.5.3. Number of Employees, Accounting Services Market, Accounting Services Market/Number of Employees, 2020, North America Countries
16.6. North America Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7. North America Accounting Services Market: Country Analysis
16.7.1. Canada Accounting Services Market
16.7.1.1. Canada Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.2. Mexico Accounting Services Market
16.7.2.1. Mexico Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.3. USA Accounting Services Market
16.7.3.1. USA Accounting Services Market Overview
16.7.3.2. USA Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.3.3. USA Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17. South America Accounting Services Market
17.1. South America Accounting Services Market Overview
17.2. South America, Accounting Services Market, 2020, by Country, Value ($ Billion)
17.3. South America, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
17.4. South America, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
17.5. South America, Accounting Services Market Metrics
17.5.1. Per Capita Average Accounting Services Expenditure, 2015-2025, South America Countries
17.5.2. Number of Enterprises, Accounting Services Market, Accounting Services Market/Number of Enterprises, 2020, South America Countries
17.5.3. Number of Employees, Accounting Services Market, Accounting Services Market/Number of Employees, 2020, South America Countries
17.6. South America Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7. South America Accounting Services Market: Country Analysis
17.7.1. Argentina Accounting Services Market
17.7.1.1. Argentina Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.2. Brazil Accounting Services Market
17.7.1.1. Brazil Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.2.2. Brazil Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.3. Chile Accounting Services Market
17.7.3.1. Chile Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.4. Colombia Accounting Services Market
17.7.4.1. Colombia Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.5. Peru Accounting Services Market
17.7.5.1. Peru Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.6. Venezuela Accounting Services Market
17.7.6.1. Venezuela Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18. Middle East Accounting Services Market
18.1. Middle East Accounting Services Market Overview
18.2. Middle East, Accounting Services Market, 2020, by Country, Value ($ Billion)
18.3. Middle East, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
18.4. Middle East, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
18.5. Middle East, Accounting Services Market Metrics
18.5.1. Per Capita Average Accounting Services Expenditure, 2015-2025, Middle East Countries
18.5.2. Number of Enterprises, Accounting Services Market, Accounting Services Market/Number of Enterprises, 2020, Middle East Countries
18.5.3. Number of Employees, Accounting Services Market, Accounting Services Market/Number of Employees, 2020, Middle East Countries
18.6. Middle East Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7. Middle East Accounting Services Market: Country Analysis
18.7.1. Saudi Arabia Accounting Services Market
18.7.1.1. Saudi Arabia Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.2. Israel Accounting Services Market
18.7.2.1. Israel Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.3. Turkey Accounting Services Market
18.7.3.1. Turkey Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.4. UAE Accounting Services Market
18.7.4.1. UAE Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19. Africa Accounting Services Market
19.1. Africa Accounting Services Market Overview
19.2. Africa, Accounting Services Market, 2020, by Country, Value ($ Billion)
19.3. Africa, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
19.4. Africa, Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
19.5. Africa, Accounting Services Market Metrics
19.5.1. Per Capita Average Accounting Services Expenditure, 2015-2025, Africa Countries
19.5.2. Number of Enterprises, Accounting Services Market, Accounting Services Market/Number of Enterprises, 2020, Africa Countries
19.5.3. Number of Employees, Accounting Services Market, Accounting Services Market/Number of Employees, 2020, Africa Countries
19.6. Africa Accounting Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7. Africa Accounting Services Market: Country Analysis
19.7.1. Egypt Accounting Services Market
19.7.1.1. Egypt Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.2. Nigeria Accounting Services Market
19.7.2.1. Nigeria Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.3. South Africa Accounting Services Market
19.7.3.1. South Africa Accounting Services Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20. Accounting Services Market Competitive Landscape
20.1. Competitive Market Overview
20.2. Market Shares
20.3. Company Profiles
20.3.1. PwC LLP
20.3.1.1. Company Overview
20.3.1.2. Products and Services
20.3.1.3. Strategy
20.3.1.4. Financial Performance
20.3.2. Ernst & Young LLP
20.3.2.1. Company Overview
20.3.2.2. Products and Services
20.3.2.3. Strategy
20.3.2.4. Financial Performance
20.3.3. Deloitte LLP
20.3.3.1. Company Overview
20.3.3.2. Products and Services
20.3.3.3. Strategy
20.3.3.4. Financial Performance
20.3.4. KPMG LLP
20.3.4.1. Company Overview
20.3.4.2. Products and Services
20.3.4.3. Strategy
20.3.4.4. Financial Performance
20.3.5. BDO International Ltd
20.3.5.1. Company Overview
20.3.5.2. Products and Services
20.3.5.3. Strategy
20.3.5.4. Financial Performance
21. Key Mergers and Acquisitions in the Accounting Services Market
22. Market Background: Professional Services Market
22.1. Professional Services Market Characteristics
22.2. Professional Services Market Historic and Forecast, 2015-2020, 2020-2025F, 2030F Growth, by Segment, Value ($ Billion), Global
22.3. Global Professional Services Market, 2020, by Region, Value ($ Billion)
22.4. Global Professional Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
22.5. Global Professional Services Market, 2015-2020, 2020-2025F, 2030F, Segmentation by Type, Value ($ Billion)
23. Recommendations
23.1. Global Accounting Services Market in 2025 - Growth Countries
23.2. Global Accounting Services Market in 2025 - Growth Segments
23.3. Global Accounting Services Market in 2025 - Growth Strategies
24. Appendix
24.1. NAICS Definitions of Industry Covered in this Report
24.2. Abbreviations
24.3. Currencies
24.4. Research Inquiries
24.5. About the Publisher
25. Copyright and Disclaimer
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- BDO International Ltd
- Deloitte LLP
- Ernst & Young LLP
- KPMG LLP
- PwC LLP
Major companies in the accounting services market include PwC LLP; Ernst & Young LLP; Deloitte LLP; KPMG LLP and BDO International Ltd.
The global accounting services market is expected to grow from $544.06 billion in 2020 to $573.29 billion in 2021 at a compound annual growth rate (CAGR) of 5.4%. The growth 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 market is expected to reach $735.94 billion in 2025 at a CAGR of 6%.
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. The accounting services market is segmented into payroll services; tax preparation services and bookkeeping, financial auditing and other accounting services.
North America was the largest region in the global accounting services market, accounting for 43% of the market in 2020. Western Europe was the second largest region accounting for 35% of the global accounting services market. Africa was the smallest region in the global accounting services market.
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. For instance, QX Accounting Services (QXAS) Ltd provides outsourced accounting, finance and other services to accountants and accountancy firms in the UK.
The outbreak of Coronavirus disease (COVID-19) has acted as a restraint on the accounting services market in 2020 as governments globally imposed lockdowns and restricted trade, thereby limiting the need for professional services. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the accounting services market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Regulatory reforms in the financial sector have heightened demand for accounting services such as accounting and tax advisory. For instance, Basel-3 standards will be implemented in 2019, thus increasing the demand for accounting services globally. Over the next five years, further major changes, such as the UK’s exit from the EU will create additional demand for accounting consultants, thereby driving the market.
The global accounting services market is expected to grow from $544.06 billion in 2020 to $573.29 billion in 2021 at a compound annual growth rate (CAGR) of 5.4%. The growth 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 market is expected to reach $735.94 billion in 2025 at a CAGR of 6%.
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. The accounting services market is segmented into payroll services; tax preparation services and bookkeeping, financial auditing and other accounting services.
North America was the largest region in the global accounting services market, accounting for 43% of the market in 2020. Western Europe was the second largest region accounting for 35% of the global accounting services market. Africa was the smallest region in the global accounting services market.
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. For instance, QX Accounting Services (QXAS) Ltd provides outsourced accounting, finance and other services to accountants and accountancy firms in the UK.
The outbreak of Coronavirus disease (COVID-19) has acted as a restraint on the accounting services market in 2020 as governments globally imposed lockdowns and restricted trade, thereby limiting the need for professional services. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the accounting services market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Regulatory reforms in the financial sector have heightened demand for accounting services such as accounting and tax advisory. For instance, Basel-3 standards will be implemented in 2019, thus increasing the demand for accounting services globally. Over the next five years, further major changes, such as the UK’s exit from the EU will create additional demand for accounting consultants, thereby driving the market.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- PwC LLP
- Ernst & Young LLP
- Deloitte LLP
- KPMG LLP
- BDO International Ltd
Note: Product cover images may vary from those shown
LOADING...
