PUBLISHER: The Business Research Company | PRODUCT CODE: 1970106
PUBLISHER: The Business Research Company | PRODUCT CODE: 1970106
Artificial intelligence (AI) in accounting involves the application of AI to enhance the efficiency of fundamental and core processes within accounting, leading to improved business decision-making. Its utilization encompasses the automation of routine tasks, identification of trends in financial data, and provision of insights to guide corporate decisions.
The primary components of artificial intelligence in accounting consist of solutions and services. A solution denotes a commercial outcome that delivers measurable value to the client, aiming to expedite data entry and analysis. Technologies such as machine learning (ML), deep learning, and natural language processing are employed in both cloud and on-premises deployment modes, catering to large enterprises as well as small and medium-sized enterprises (SMEs). The applications span automated bookkeeping, invoice classification and approvals, fraud and risk management, reporting, and others.
Tariffs have influenced the AI in accounting market by increasing costs for imported servers, networking hardware, and enterprise IT infrastructure. These impacts are more evident in on premises deployments, especially in cost sensitive small and medium enterprises. Higher infrastructure costs have slowed some technology upgrades. At the same time, tariffs are accelerating migration toward cloud based accounting solutions, software centric platforms, and locally hosted financial systems.
The artificial intelligence in accounting market research report is one of a series of new reports from The Business Research Company that provides artificial intelligence in accounting market statistics, including artificial intelligence in accounting industry global market size, regional shares, competitors with a artificial intelligence in accounting market share, detailed artificial intelligence in accounting market segments, market trends and opportunities, and any further data you may need to thrive in the artificial intelligence in accounting industry. This artificial intelligence in accounting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The artificial intelligence in accounting market size has grown exponentially in recent years. It will grow from $6.93 billion in 2025 to $10.4 billion in 2026 at a compound annual growth rate (CAGR) of 50.0%. The growth in the historic period can be attributed to manual accounting inefficiencies, early adoption of accounting software, growth of enterprise financial data, increasing compliance requirements, rise of cloud based enterprise systems.
The artificial intelligence in accounting market size is expected to see exponential growth in the next few years. It will grow to $53.45 billion in 2030 at a compound annual growth rate (CAGR) of 50.6%. The growth in the forecast period can be attributed to demand for real time financial insights, adoption of AI powered auditing, growth of sme digitization, predictive risk management needs, expansion of cloud finance ecosystems. Major trends in the forecast period include automation of routine accounting processes, AI driven fraud detection in finance, adoption of intelligent financial reporting, integration of predictive financial analytics, expansion of cloud based accounting platforms.
The rising emphasis on fraud and risk management is anticipated to accelerate the growth of artificial intelligence in the accounting market in the coming years. Risk management refers to the structured process of identifying, evaluating, prioritising, and reducing risks that could hinder an organisation's objectives. Fraud occurs in multiple forms, such as financial fraud, identity theft, cybercrime, and internal misconduct by employees. Within the AI in Accounting market, risk management focuses on recognising these threats, evaluating their possible consequences, and deploying strategies to minimise their impact. For example, in March 2024, data from the Association of Certified Fraud Examiners (ACFE), a US-based anti-fraud non-profit organisation, revealed that the median loss per occupational fraud case increased to USD 145,000, marking a 24% rise between 2022 and 2024. As a result, the growing focus on fraud and risk management is fueling the expansion of artificial intelligence in the accounting market.
Leading companies operating in the artificial intelligence in the accounting market are increasingly entering into strategic partnerships to reinforce their market presence. For instance, in July 2023, KPMG, a professional services network and US-based technology corporation, along with Microsoft, announced a major expansion of their global partnership aimed at transforming professional services across several critical business areas, including workforce modernisation, secure development, and the application of artificial intelligence solutions for clients, industries, and society at large. This expanded collaboration is intended to strengthen KPMG's client engagements while enhancing the employee experience in a responsible, secure, and trustworthy manner.
In May 2024, CliftonLarsonAllen (CLA), a U.S.-based professional and accounting firm, acquired Engine B for an undisclosed amount. This acquisition aims to enhance CLA's digital technology capabilities and provide clients with more value-added services through generative AI solutions. Engine B is a UK-based digital technology company that specializes in AI and data analytics within the audit and accounting services sector.
Major companies operating in the artificial intelligence in accounting market are Intuit Inc.; Xero Limited; Sage Group plc; Microsoft Corporation; SAP SE; IBM Corporation; Oracle Corporation; QuickBooks; Wave Financial Inc.; Botkeeper Inc.; BlackLine Inc.; OneUp; Vic.ai; YayPay Inc.; AppZen; Bill.com; Tipalti Inc.; KPMG LLP; Deloitte Touche Tohmatsu Limited; PricewaterhouseCoopers (PwC); EY (Ernst & Young); Grant Thornton LLP; MindBridge Analytics Inc.; HighRadius Corporation; FloQast Inc.; Workday Inc.; Smacc GmbH; Acumatica Inc.; Prophix Software Inc.; Qvalia
North America was the largest region in the artificial intelligence in accounting market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence in accounting market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the artificial intelligence in accounting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Artificial intelligence in the accounting market consists of revenues earned by entities by providing services such as creating invoices, identifying patterns and anomalies, analyzing financial data, and related services. The market value includes the value of related goods sold by the service provider or included within the service offering. Artificial intelligence in the accounting market also includes sales of chatbots, speech recognition software, speech-to-text and text-to-speech software, and related products. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Artificial Intelligence In Accounting Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses artificial intelligence in accounting market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for artificial intelligence in accounting ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The artificial intelligence in accounting market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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