Global Accounting Services Market Size study & Forecast, by Type (Tax Preparation Services, Bookkeeping Services, Payroll Services, Others), by Deployment (On-Premise, Cloud), and Regional Analysis, 2023-2030

PUBLISHED: October 4, 2023

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The Accounting Services provides accounting, bookkeeping, auditing, tax preparation, and financial advisory services to businesses, individuals, and organizations. Accounting services play a crucial role in managing financial records, ensuring compliance with regulations, and providing strategic financial insights to support decision-making. The major driving factors for the Global Accounting Services Market are the Growth of Small and Medium-Sized Enterprises (SMEs) and the growing adoption of accounting services. Moreover, the rise in the adoption of Tot and blockchain-based accounting service platforms and increased collaboration of small & medium enterprises with e-commerce players is creating lucrative growth opportunities for the market over the forecast period 2023-2030.

According to The World Bank, report 2022, SMEs have a significant impact on economies, especially in developing countries, and play a vital role in global economic development. SMEs make up a substantial portion of businesses globally, accounting for approximately 90% of all enterprises. Employment opportunities created by SMEs are significant, with these businesses contributing to over 50% of total employment worldwide. In emerging economies, SMEs can contribute up to 40% of the national income or Gross Domestic Product (GDP). However, the high cost of Accounting Services stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Accounting Services Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is dominating market for Accounting Services market in 2022. The region has a highly developed economy, robust financial regulations, and a large number of businesses requiring accounting services. The market is dominated by major international accounting firms, mid-sized regional firms, and small local firms. The demand for accounting services is driven by factors such as regulatory compliance, complex tax laws, financial reporting requirements, and the presence of large corporations and SMEs. Asia Pacific is a fastest-growing market for Accounting Services due to the region's economic growth, expanding business landscape, and increasing adoption of financial regulations. Countries like China, Japan, India, and Singapore are key contributors to the market. The market comprises a mix of international accounting firms, regional players, and local firms. The demand for accounting services in the region is driven by factors such as regulatory compliance, globalization of businesses, increasing foreign investments, and the growing number of SMEs.

Major market player included in this report are:

Xero Limited
Intuit Inc.
Pabbly
PricewaterhouseCoopers (PwC)
Grant Thornton LLP
SAP SE
Ernst & Young Global Limited (EY)
Bharat LLP
KPMG International
Deloitte Touche Tohmatsu Limited
Oracle Corporation

Recent Developments in the Market:

In April 2023, Lili, a comprehensive banking platform designed for small business owners, has introduced accounting software as a new feature on its platform. This addition makes Lili the first platform to combine banking and accounting solutions, positioning the company as the leading super-app for banking in the nation. Small business owners can now manage their finances and accounting tasks seamlessly within a single platform, streamlining their financial management processes and enhancing their overall banking experience.

Global Accounting Services Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Deployment, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Type:

Tax Preparation Services
Bookkeeping Services
Payroll Services
Others

By Deployment:

On-Premise
Cloud

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Accounting Services Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Accounting Services Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Accounting Services Market, by Deployment, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Accounting Services Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Accounting Services Market Dynamics

3.1. Accounting Services Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Growth of Small and Medium-Sized Enterprises (SMEs)
  - 3.1.1.2. Growing adoption of accounting services
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Accounting Services
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rise in Adoption of IoT and Block Chain-Based Accounting Service Platforms
  - 3.1.3.2. Increased Collaboration of Small & Medium Enterprises with E-Commerce Players

Chapter 4. Global Accounting Services Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Accounting Services Market, by Type

5.1. Market Snapshot
5.2. Global Accounting Services Market by Type, Performance - Potential Analysis
5.3. Global Accounting Services Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Accounting Services Market, Sub Segment Analysis
- 5.4.1. Tax Preparation Services
- 5.4.2. Bookkeeping Services
- 5.4.3. Payroll Services
- 5.4.4. Others

Chapter 6. Global Accounting Services Market, by Deployment

6.1. Market Snapshot
6.2. Global Accounting Services Market by Deployment, Performance - Potential Analysis
6.3. Global Accounting Services Market Estimates & Forecasts by Deployment 2020-2030 (USD Billion)
6.4. Accounting Services Market, Sub Segment Analysis
- 6.4.1. On-Premise
- 6.4.2. Cloud

Chapter 7. Global Accounting Services Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Accounting Services Market, Regional Market Snapshot
7.4. North America Accounting Services Market
- 7.4.1. U.S. Accounting Services Market
  - 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. Deployment breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Accounting Services Market
7.5. Europe Accounting Services Market Snapshot
- 7.5.1. U.K. Accounting Services Market
- 7.5.2. Germany Accounting Services Market
- 7.5.3. France Accounting Services Market
- 7.5.4. Spain Accounting Services Market
- 7.5.5. Italy Accounting Services Market
- 7.5.6. Rest of Europe Accounting Services Market
7.6. Asia-Pacific Accounting Services Market Snapshot
- 7.6.1. China Accounting Services Market
- 7.6.2. India Accounting Services Market
- 7.6.3. Japan Accounting Services Market
- 7.6.4. Australia Accounting Services Market
- 7.6.5. South Korea Accounting Services Market
- 7.6.6. Rest of Asia Pacific Accounting Services Market
7.7. Latin America Accounting Services Market Snapshot
- 7.7.1. Brazil Accounting Services Market
- 7.7.2. Mexico Accounting Services Market
7.8. Middle East & Africa Accounting Services Market
- 7.8.1. Saudi Arabia Accounting Services Market
- 7.8.2. South Africa Accounting Services Market
- 7.8.3. Rest of Middle East & Africa Accounting Services Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Xero Limited
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. Intuit Inc.
- 8.3.3. Pabbly
- 8.3.4. PricewaterhouseCoopers (PwC)
- 8.3.5. Grant Thornton
- 8.3.6. SAP SE
- 8.3.7. Ernst & Young Global Limited (EY)
- 8.3.8. Bharat LLP
- 8.3.9. KPMG International
- 8.3.10. Deloitte Touche Tohmatsu Limited
- 8.3.11. Oracle Corporation

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Accounting Services Market, report scope
TABLE 2. Global Accounting Services Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Accounting Services Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Accounting Services Market estimates & forecasts by Deployment 2020-2030 (USD Billion)
TABLE 5. Global Accounting Services Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Accounting Services Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Accounting Services Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Accounting Services Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Accounting Services Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Accounting Services Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Accounting Services Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Accounting Services Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Accounting Services Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Accounting Services Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Accounting Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Accounting Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Accounting Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Accounting Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Accounting Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Accounting Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Accounting Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Accounting Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Accounting Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Accounting Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Accounting Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Accounting Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Accounting Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Accounting Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Accounting Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Accounting Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Accounting Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Accounting Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Accounting Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Accounting Services Market
TABLE 70. List of primary sources, used in the study of global Accounting Services Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Accounting Services Market, research methodology
FIG 2. Global Accounting Services Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Accounting Services Market, key trends 2022
FIG 5. Global Accounting Services Market, growth prospects 2023-2030
FIG 6. Global Accounting Services Market, porters 5 force model
FIG 7. Global Accounting Services Market, pest analysis
FIG 8. Global Accounting Services Market, value chain analysis
FIG 9. Global Accounting Services Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Accounting Services Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Accounting Services Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Accounting Services Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Accounting Services Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Accounting Services Market, regional snapshot 2020 & 2030
FIG 15. North America Accounting Services Market 2020 & 2030 (USD Billion)
FIG 16. Europe Accounting Services Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Accounting Services Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Accounting Services Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Accounting Services Market 2020 & 2030 (USD Billion)