Artificial Intelligence In Accounting Market Industry Trends And Emerging Opportunities Till 2032

The Business Research Company’s Artificial Intelligence In Accounting Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Artificial Intelligence In Accounting Global Market Report 2023 evaluates artificial intelligence in accounting market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global artificial intelligence in accounting market is poised for significant growth, with expectations to increase from $2.18 billion in 2022 to $3.24 billion in 2023, reflecting a robust compound annual growth rate (CAGR) of 48.7%. However, it’s crucial to consider the broader global context. The Russia-Ukraine conflict has disrupted the world’s path to economic recovery post the COVID-19 pandemic, at least in the short term. The resulting economic sanctions, heightened commodity costs, and supply chain disruptions have culminated in inflationary pressures affecting various sectors worldwide. Despite these challenges, the artificial intelligence in accounting market is projected to maintain its growth trajectory, reaching an estimated $15.69 billion by 2027, sustaining a CAGR of 48.3%. This trajectory underscores the market’s resilience and its substantial impact on the accounting and financial landscape as AI technologies transform and enhance traditional accounting practices.

The growing dependence on artificial intelligence (AI) is poised to revolutionize the artificial intelligence in the accounting market. Automation, a key component of AI, streamlines processes with minimal human intervention. Accounting industries have harnessed AI-powered accounting software to automate data handling, resulting in faster, more accurate, and error-free operations. As an illustration, a report from the Department for Digital, Culture, Media & Sport (DCMS) in the UK revealed that approximately 2% of organizations were already experimenting with AI in 2022, while 10% anticipated employing AI technologies in the future. This adoption rate translates to 62,000 and 292,000 firms, respectively. Notably, 15% of all businesses, totaling 432,000 organizations, have incorporated at least one AI technology into their operations. This escalating reliance on AI technology serves as a catalyst for the growth of the artificial intelligence in the accounting market.

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The artificial intelligence in accounting market segments in the report are:

1) By Component: Solutions, Services
2) By Technology: Machine Learning (ML) And Deep Learning, Natural Language Processing
3) By Deployment Mode: Cloud, On-Premises
4) By Enterprise Size: Large Enterprises, Small And Medium Sized Enterprises (SMEs)
5) By Application: Automated Bookkeeping, Invoice Classification And Approvals, Fraud And Risk Management, Reporting, Other Applications (Expense And Auditing Management, And Tax And Revenue Filing

Top 5 Major Key Players Are:
Microsoft Corporation
Amazon Web Services Inc
Xero Limited
Intuit Inc
Sage Group plc

Table Of Contents
1. Executive Summary
2. Artificial Intelligence In Accounting Market Characteristics
3. Artificial Intelligence In Accounting Market Trends And Strategies
4. Artificial Intelligence In Accounting Market – Macro Economic Scenario
5. Artificial Intelligence In Accounting Market Size And Growth
……..
32. Global Artificial Intelligence In Accounting Market Competitive Benchmarking
33. Global Artificial Intelligence In Accounting Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence In Accounting Market
35. Artificial Intelligence In Accounting Market Future Outlook and Potential Analysis
36. Appendix

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