The Business Research Company’s Other Accounting Services Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
Other accounting services market comprises establishments (except offices of CPAs) engaged in providing accounting services (except tax return preparation services only or payroll services only). These establishments may also provide tax return preparation or payroll services. Accountant (except CPA) offices, bookkeeper offices, and billing offices are included in this market.
Technology is driving collaboration between accountants and clients in the accounting services market. It is being driven by portals, tools and technology that promote simple flow of information between accountants and businesses. New communication technologies are replacing traditional communication platforms such as email. For instance, chat platforms like Slack, HipChat and Basecamp are speeding up communications and enabling real time interactions.
The companies covered are Delloite, PwC, Ernst & Young, KPMG, and BDO.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
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Professional services firms are always under increasing pressure to deliver results that will have a significant impact on the clients businesses. Adding to this, professional services firms are at risk being disrupted by technological developments, enabling new business models to replace old distribution channels. The disruptions are mainly caused by social media, mobile, cloud, big data, artificial intelligence and a growing demand for “anytime-anywhere” access to information. Other causes include changing global demographics, increase in entrepreneurship and innovation, and the movement of economic centers from West to East and from North to South . Following these steps, the professional services market is expected to $8.5 trillion by 2022.
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