Global Accounting Finance Market Size By Services (Payroll Services, Tax Preparation Services), By End-Use Industry (BFSI, IT And Telecommunication), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Accounting Finance Market size was valued at USD 627.4 Billion in 2023 and is projected to reach USD 1,498 Billion by 2030, growing at a CAGR of 8.2% during the forecasted period 2024 to 2030.
Accounting is basically how businesses keep track of all their money stuff – you know, recording all those financial transactions in a neat and orderly way. It's not just about writing things down, though. Accountants also have to summarize everything, figure out what it all means, and then report it to the people who need to know, like regulators, tax folks, and other oversight groups. Apparently, the Global Accounting Finance Market is expected to grow, mostly because there are more rules and regulations in finance these days, which means more demand for services like tax advice and, well, accounting! If you want the full scoop, the Global Accounting Finance Market report gives a complete picture. It dives into all the important parts, like key trends, what's driving the market, what's holding it back, who the big players are, and generally, what's making the market tick.
Global Accounting Finance Market Definition
Accounting is really just about carefully writing down all of a company's money moves in an organized way. Think of it as gathering, checking, and then sharing those details with the folks who need to know – like the authorities, regulators, and even the tax people. Now, "finance" is the bigger pictureit's all about handling, growing, and figuring out the best ways to use money and investments. Both accounting and finance are crucial for seeing how well a business is doing. To put it simply, accounting records the money coming in and going out. It's like the company's official notebook where accountants and business owners keep tabs on everything, from daily earnings to expenses.
Keeping track of your firm's money stuff? It's not just boring bookkeeping. A good record helps you actually reach your money goals and see where your cash is flowing. Plus, an official financial record ensures you're playing by the rules – staying compliant with all the business regulations. Financial managers need to know what they can write off, how much tax to pay, and when it's due. Messy records? Uh oh, that could mean an audit – and nobody wants legal headaches. By checking your past and current assets and debts (plus all the other money info), you can really see where your business stands. And for business owners? These numbers offer a clearer picture of how well your company is really doing.
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Global Accounting Finance Market Overview
The Global Accounting Finance Market is expected to grow during the forecasted period due to the additional major changes, such as the UK’s exit from the EU will generate additional demand for accounting consultants and professionals. Outsourcing inside accounting firms has emerged as a prominent trend in the worldwide Accounting Finance Market in recent years. The most remarkable accountants are now outsourcing basic accounting tasks such as payroll accounting, accounts payable, and accounts receivable. This allows their employees to concentrate on higher-value activities such as shifting vertical experts in their customers’ markets and analyzing their customers’ business information.
So, basically, an accountant needs to be a whiz with financial accounts, keeping a close eye on every transaction to spot anything fishy. They're also expected to really know their stuff when it comes to tracking where the money's been. Now, even though things like new financial reporting rules, cool new tech, and regulatory changes are opening up some pretty sweet opportunities in the market, there just aren't enough skilled accountants out there to really make the most of it. That shortage is kinda holding things back for now.
Global Accounting Finance Market Segmentation Analysis
The Global Accounting Finance Market is Segmented on the basis of Services, End-Use Industry, and Geography.
Accounting Finance Market, By Services
• Bookkeeping, Financial Auditing and Other Accounting Services• Payroll Services• Tax Preparation Services
Based on Services, the market is bifurcated into Bookkeeping, Financial Auditing and Other Accounting Services, Payroll Services, and Tax Preparation Services. The bookkeeping, financial auditing, and other accounting services are expected to increase the most during the forecasted period due to complex finances.
Accounting Finance Market, By End-Use Industry
• BFSI• IT & Telecommunication• Government & Public Sector• Automotive• Oil & Gas• Consumer Goods• Manufacturing• Healthcare• Others
Based on End-Use Industry, the market is bifurcated into BFSI, IT & Telecommunication, Government &, Public Sector, Automotive, Oil & Gas, Consumer Goods, Manufacturing, Healthcare, and Others. The BFSI sector is projected to increase the most during the forecasted period owing to the increasing demand for accounting finance majorly from this sector.
Accounting Finance Market, By Geography
• North America• Europe• Asia Pacific• Rest of the World
On the basis of Geography, the Global Accounting Finance Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The Global Accounting Finance Market in the Asia Pacific region is expected to increase the most compared to other regions during the projected period due to the presence of key market players, and the increasing number of SMEs in this region.
Key Players
The “Global Accounting Finance Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Sage 50cloud, FreeAgent, Stampli, Clearbooks, Check Inc. (now Mint Bills), Bookkeeping Simplified, BlackLine, Crunch, MineralTree, and Bill.com.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Developments
• In April 2019, to provide customers with seamless hotel management solutions, RMS teamed with M3, a cloud-based finance platform. Hotels and resorts that use M3 accounting and analytics systems may now integrate property-management data from RMS to get a better understanding of operational performance.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2020-2030
BASE YEAR
2023
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2020-2022
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Sage 50cloud, FreeAgent, Stampli, Clearbooks, Check Inc. (now Mint Bills), Bookkeeping Simplified, BlackLine, Crunch, MineralTree, and Bill.com.
SEGMENTS COVERED
By Services
By End-Use Industry
By Geography
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
Research Methodology of Market Research
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Reasons to Purchase this Report
We've dug deep into the market, using both qualitative and quantitative analysis. We've segmented it based on everything from the economy to other, less obvious factors. You'll get clear market value data (in USD Billion) for every segment and sub-segment. We'll also pinpoint which region and segment is set for explosive growth and likely to take the lead. Our geographical analysis highlights product/service consumption, showing what's driving the market in each region. Plus, we've mapped out the competitive landscape, ranking the major players and detailing their new launches, partnerships, expansions, and acquisitions over the last five years. Get detailed company profiles with overviews, insights, product comparisons, and even SWOT analysis for the key players. You'll also see the current and future market outlook considering recent happenings – the growth opportunities, drivers, challenges, and restraints in both emerging and developed regions. We've also gone in-depth with Porter's five forces analysis and value chain analysis, giving you a multifaceted understanding. Finally, expect a market dynamics scenario with growth opportunities for the future, and 6 months of analyst support after your purchase.
Customization of the Report
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