Saudi Arabia accounting services market is forecast to reach $ 783 million by 2023, predominantly on the back of the government’s Vision 2030 initiative towards economic diversification and increasing focus towards the establishment of Small & Medium Enterprises (SMEs) in the country. Moreover, rising preference of the companies for outsourcing their accounting services to focus and invest on their core competencies as well as optimize cost of operation, reduce risk of internal fraud and ensure tax compliance is expected to fuel the accounting services market in the country in the coming years. Availability of scalable accounting services and access to effective tax planning are some of the other key factors anticipated to boost demand for accounting services in the Middle Eastern country during forecast period.
Years considered for this report
Historical Years2013-2016
Base Year2017
Estimated Year2018
Forecast Period2019–2023
Objective of the Study
- To analyze and
forecast Saudi Arabia accounting services market size.
- To define, classify
and forecast Saudi Arabia accounting services market
on the basis of service type and region.
- To assess the detailed
market segmentation and forecast the market size, in terms of value, by
segmenting Saudi Arabia accounting services market into regions, namely – Central
Region, Western Region, Eastern Region, Southern Region and Northern Region.
- To identify the
tailwinds and headwinds for Saudi Arabia accounting services market.
- To evaluate and
forecast the market size, in terms of value, for Saudi Arabia accounting
services with respect to Tax Preparation Services, Bookkeeping Services Payroll
Services & Other Accounting Services.
- To identify the
drivers and challenges for Saudi Arabia accounting services market.
- To strategically profile leading players operating in accounting
services market in Saudi Arabia.
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Some of the major players operating in Saudi Arabia accounting services market are PricewaterhouseCoopers
MIR performed both primary as well as exhaustive secondary research for this study. Initially, MIR sourced a list of companies providing accounting services across Saudi Arabia Subsequently, MIR conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, MIR was able to include the providers which could not be identified due to the limitations of secondary research. MIR analyzed the offerings, distribution channels, and presence of all major accounting services companies in Saudi Arabia.
MIR calculated Saudi Arabia accounting services market size using a bottom-up approach,
Key Target Audience
- Providers
and End Users of Accounting Services
- Associations,
organizations, forums and alliances related to accounting services
- Market
research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as providers, partners, end users and policy makers of accounting services. The report would allow the stakeholders to identify which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.
