Dublin, Dec. 04, 2023 (GLOBE NEWSWIRE) — The “Global Financial Accounting Advisory Services Market Report 2023” report has been added to ResearchAndMarkets.com’s offering.
The global financial accounting advisory services market is expected to grow from $91.88 billion in 2022 to $98.58 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The financial accounting advisory services market is expected to reach $129.55 billion in 2027 at a CAGR of 7.1%.
Increasing demand for financial services is expected to propel the growth of the financial accounting advisory services market going forward. Financial services refer to services that financial institutions offer. Financial accounting advisory services provide expert guidance, enhance financial transparency, and support informed decision-making.
For instance, in September 2022, according to the United States Census Bureau, a US-based government agency, the real median household income was $70,784 in 2021, and income inequality increased by 1.2% between 2020 and 2021. Further, in January 2022, according to S&P Global, a US-based publicly traded corporation, the median household income is expected to increase 12.1% to $81,230 in 2027 from $72,465 in 2022 in the US. Therefore, the Increasing demand for financial services is driving the growth of the financial accounting advisory services market.
Advancements in technology are a key trend gaining popularity in the financial accounting advisory services market. Major companies operating in the financial accounting advisory services market are adopting new technologies to sustain their position in the market. For instance, in June 2023, Numeric, a US-based financial service company, launched Numeric AI and Numeric Essentials.
Numeric AI is an AI-powered tool that enables accountants to utilize extensive language models to increase efficiency and gain more control. Numeric AI automates the drafting of flux explanations by using information from underlying general ledger transactions, account trends, and prior descriptions. Numeric Essentials is an industry-first, free close management solution that uses real-time collaboration tools to help large and small accounting teams improve their month-end close.
North America was the largest region in the financial accounting advisory services market in 2022. The regions covered in financial accounting advisory services report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the financial accounting advisory services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Major players in the financial accounting advisory services market are
- JPMorgan Chase & Co
- The International Business Machines Corporation
- PricewaterhouseCoopers International Limited (PwC)
- Ernst & Young Global Limited
- Oracle Corporation
- KPMG International Limited
- SAP SE
- Deloitte Consulting LLP
- Capgemini SE
- The PNC Financial Services Group Inc.
- BDO International Ltd.
- RSM International Limited
- Nexia International
- Baker Tilly US LLP
- Bain & Company Inc.
- AlixPartners LLP
- FTI Consulting Inc.
- Grant Thornton LLP
- CBIZ Inc.
- Protiviti Inc.
- Alvarez & Marsal Holdings LLC
- Crowe LLP
- Plante & Moran PLLC
- Armanino LLP
- CohnReznick LLP
- EisnerAmper LLP
- MorganFranklin Consulting LLC
- Sensiple Software Solutions Pvt Ltd.
- Accutech Systems Corporation
- Quint Group Limited.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2023 – 2027 |
| Estimated Market Value (USD) in 2023 | $98.58 billion |
| Forecasted Market Value (USD) by 2027 | $129.55 billion |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Financial Accounting Advisory Services Market Characteristics
3. Financial Accounting Advisory Services Market Trends and Strategies
4. Financial Accounting Advisory Services Market – Macro Economic Scenario
4.1. Impact of High Inflation on Online Therapy Services Market
4.2. Ukraine-Russia War Impact on Online Therapy Services Market
4.3. COVID-19 Impact on Online Therapy Services Market
5. Global Financial Accounting Advisory Services Market Size and Growth
5.1. Global Financial Accounting Advisory Services Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Financial Accounting Advisory Services Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
5.3. Global Financial Accounting Advisory Services Forecast Market Size and Growth, 2022 – 2027, 2032F, Value ($ Billion)
6. Financial Accounting Advisory Services Market Segmentation
6.1. Global Financial Accounting Advisory Services Market, Segmentation by Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Accounting Change Services
- Buy-Side Support
- Bankruptcy Services
- IPO Advisory Services
- Financial Reporting Issue and Restatement Services
- Technical Accounting
- Financial Statement Preparation
- Accounting Software Migration
- Cash Flow Management Services
- Other Types
6.2. Global Financial Accounting Advisory Services Market, Segmentation by Organization Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Large Enterprises
- Small and Medium-Sized Enterprises
6.3. Global Financial Accounting Advisory Services Market, Segmentation by Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Personal
- General Company
- Listed Company
- Government
- Other Applications
6.4. Global Financial Accounting Advisory Services Market, Segmentation by Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Banking, Financial Services and Insurance (BFSI)
- IT and Telecom
- Manufacturing
- Retail and E-Commerce
- Other Industry Vertical
7. Financial Accounting Advisory Services Market Regional and Country Analysis
7.1. Global Financial Accounting Advisory Services Market, Split by Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Financial Accounting Advisory Services Market, Split by Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/ebcn3
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- Global Financial Accounting Advisory Services Market
