PUBLISHER: Grand View Research | PRODUCT CODE: 1727997
PUBLISHER: Grand View Research | PRODUCT CODE: 1727997
The global financial auditing professional services market size is estimated to reach USD 228.87 billion by 2030, registering a CAGR of 6.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. Introduction of stringent laws and regulations pertaining to auditing and reporting of financial statements by corporates and enterprises is estimated to drive the market over the forecast period.
Changing auditing and reporting practices and trade policies are playing a pivotal role in the growth of the global financial auditing professional market. Accounting, consulting, and auditing firms are responding to situations by aggressively deploying additional resources in order to improve their service delivery models in line with rapidly changing requirements of their clients. They have developed highly-customized service delivery models by combining shared services delivery model, offsite delivery model, offshore development center model, and onsite delivery model in order to meet clients' requirements as well as to comply with regulatory norms.
Financial audit professional service providers are acquiring technology-based companies in order to develop advanced data analytics capabilities. For instance, in 2018, PricewaterhouseCoopers Hungary Ltd. acquired Data Solutions Kft., a data mining company, as part of efforts to focus on development of data-based products and solutions while Deloitte Touche Tohmatsu Limited acquired Mexia Consulting Pty Ltd, a Microsoft Azure integration consultancy, in order to augment cloud service offerings. Data analytics services are expected to emerge as new sources for revenue generation that can support core business of auditing firms.