Artificial Intelligence in Accounting Market by Component (Services, Solutions), Technology (Machine Learning & Deep Learning, Natural Language Processing), Deployment, Application - Global Forecast 2024-2030
Artificial Intelligence in Accounting Market by Component (Services, Solutions), Technology (Machine Learning & Deep Learning, Natural Language Processing), Deployment, Application - Global Forecast 2024-2030
The Artificial Intelligence in Accounting Market size was estimated at USD 2.76 billion in 2023 and expected to reach USD 3.69 billion in 2024, at a CAGR 33.52% to reach USD 20.93 billion by 2030.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Artificial Intelligence in Accounting Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Artificial Intelligence in Accounting Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Artificial Intelligence in Accounting Market, highlighting leading vendors and their innovative profiles. These include Amazon Web Services Inc., AppZen Inc., Bill.com, Inc., Deloitte Touche Tohmatsu Limited, Ernst & Young LLP, IBM Corporation, Intuit Inc., Kore.ai, Inc., KPMG International Limited, Microsoft Corporation, MindBridge Analytics Inc., OneUp, OSP Labs, Inc., PricewaterhouseCoopers LLP, Sage Group PLC, SMACC GmbH, UiPath, Inc., Vic.ai, and Xero Limited.
Market Segmentation & Coverage
This research report categorizes the Artificial Intelligence in Accounting Market to forecast the revenues and analyze trends in each of the following sub-markets:
Component
Services
Managed Services
Professional Services
Solutions
Platforms
Software Tools
Technology
Machine Learning & Deep Learning
Natural Language Processing
Deployment
Cloud
On-Premises
Application
Automated Bookkeeping
Fraud & Risk Management
Invoice Classification & Approvals
Reporting
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom The report offers valuable insights on the following aspects:
Market Penetration: It presents comprehensive information on the market provided by key players.
Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
What is the market size and forecast of the Artificial Intelligence in Accounting Market?
Which products, segments, applications, and areas should one consider investing in over the forecast period in the Artificial Intelligence in Accounting Market?
What are the technology trends and regulatory frameworks in the Artificial Intelligence in Accounting Market?
What is the market share of the leading vendors in the Artificial Intelligence in Accounting Market?
Which modes and strategic moves are suitable for entering the Artificial Intelligence in Accounting Market?
Note: PDF & Excel + Online Access - 1 Year
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Artificial Intelligence in Accounting Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing need to automate accounting processes
5.1.1.2. Growing demand for enhanced data-based advisory and decision-making
5.1.1.3. Government initiatives for digitalization of finance sector
5.1.2. Restraints
5.1.2.1. Limited skill sets and resistance to using AI in accounting
5.1.3. Opportunities
5.1.3.1. Popularity of intelligent accounting processes and integration of new technologies
5.1.3.2. Expanding investment and funding opportunities in FinTech
5.1.4. Challenges
5.1.4.1. Data privacy and security concerns
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Artificial Intelligence in Accounting Market, by Component
6.1. Introduction
6.2. Services
6.3.1. Managed Services
6.3.2. Professional Services
6.3. Solutions
6.4.1. Platforms
6.4.2. Software Tools
7. Artificial Intelligence in Accounting Market, by Technology
7.1. Introduction
7.2. Machine Learning & Deep Learning
7.3. Natural Language Processing
8. Artificial Intelligence in Accounting Market, by Deployment
8.1. Introduction
8.2. Cloud
8.3. On-Premises
9. Artificial Intelligence in Accounting Market, by Application
9.1. Introduction
9.2. Automated Bookkeeping
9.3. Fraud & Risk Management
9.4. Invoice Classification & Approvals
9.5. Reporting
10. Americas Artificial Intelligence in Accounting Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Artificial Intelligence in Accounting Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Artificial Intelligence in Accounting Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. Amazon Web Services Inc.
14.1.2. AppZen Inc.
14.1.3. Bill.com, Inc.
14.1.4. Deloitte Touche Tohmatsu Limited
14.1.5. Ernst & Young LLP
14.1.6. IBM Corporation
14.1.7. Intuit Inc.
14.1.8. Kore.ai, Inc.
14.1.9. KPMG International Limited
14.1.10. Microsoft Corporation
14.1.11. MindBridge Analytics Inc.
14.1.12. OneUp
14.1.13. OSP Labs, Inc.
14.1.14. PricewaterhouseCoopers LLP
14.1.15. Sage Group PLC
14.1.16. SMACC GmbH
14.1.17. UiPath, Inc.
14.1.18. Vic.ai
14.1.19. Xero Limited
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
FIGURE 1. ARTIFICIAL INTELLIGENCE IN ACCOUNTING MARKET RESEARCH PROCESS
FIGURE 2. ARTIFICIAL INTELLIGENCE IN ACCOUNTING MARKET SIZE, 2023 VS 2030