Global Accounting and Auditing Market Size to worth USD 398.18 Billion by 2033: Market Insight Report

RELEASE DATE: Apr 2025 Author: Spherical Insights
The Global Accounting and Auditing Market Size is Expected to Grow from USD 230.16 Billion in 2023 to USD 398.18 Billion by 2033, at a CAGR 5.63% during the forecast period 2023-2033.

Table of Contents

Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis


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Global Accounting and Auditing Market Size to worth USD 398.18 Billion by 2033

According to a research report published by Spherical Insights & Consulting, The Global Accounting and Auditing Market Size is Expected to Grow from USD 230.16 Billion in 2023 to USD 398.18 Billion by 2033, at a CAGR 5.63% during the forecast period 2023-2033.

 

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Accounting and Auditing Market Size, Share, and COVID-19 Impact Analysis, By Service Type (Financial Audits, Capital Markets, Corporate Reporting, Actuarial Services, and Internal Audits), By end-use industry (Consumer Markets, Energy and Natural Resources, Financial Services, Government & Public Services, Life Science and Healthcare, Media and Telecommunications, and Technology), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

 

The accounting and auditing market refers to the sector of the economy that focuses on the recording, analysis, and verification of financial data. This market includes services such as auditing, bookkeeping, tax preparation, and financial consulting. Several key factors drive the accounting and auditing market, including increasing regulatory requirements, the growing complexity of business operations, an emphasis on risk management and compliance, technological advancements, a rise in financial fraud incidents, globalization, and economic growth. These factors highlight the need for accurate financial reporting and robust internal controls to mitigate risks and ensure compliance with laws, leading to a high demand for qualified auditors and accounting services. However, the accounting and auditing market also faces several challenges. Laws and regulations can change frequently, affecting a company's operating costs, investment attractiveness, and competitive position. Additionally, there is a shortage of individuals with the technical skills necessary for accounting services. Data security and privacy issues can also pose challenges for the accounting services market, which requires a significant capital investment.

 

The financial audits segment is predicted to hold the largest market share through the forecast period.

Based on the service type, the accounting and auditing market is classified into financial audits, capital markets, corporate reporting, actuarial services, and internal audits. Among these, the financial audits segment is predicted to hold the largest market share through the forecast period. Due to increasing regulatory requirements and a growing emphasis on transparency and accountability in financial reporting, organizations are increasingly focusing on compliance with international financial reporting standards and government regulations. This trend drives demand for thorough financial audits. Additionally, the rise in complex financial transactions and the need for accurate financial information to support strategic decision-making further enhance the importance of financial audits, positioning this segment as a critical component of the overall accounting and auditing market.

 

The consumer markets segment is anticipated to hold the highest market share during the projected timeframe.

Based on the end-use industry, the accounting and auditing market is divided into consumer markets, energy and natural resources, financial services, government & public services, life science and healthcare, media and telecommunications, and technology. Among these, the consumer markets segment is anticipated to hold the highest market share during the projected timeframe. The market is also expanding primarily due to growing consumer awareness and rising demand for tailored financial services. As consumers become better informed about their financial options and seek personalized services, companies are compelled to enhance their offerings in areas such as budgeting, investment advice, and financial planning. This shift toward consumer-centric services, combined with the increasing penetration of technology in financial services such as mobile banking and digital platforms significantly boosts the market share of the consumer markets segment.

 

North America is estimated to hold the largest share of the accounting and auditing market over the forecast period.

North America is estimated to hold the largest share of the accounting and auditing market over the forecast period. The demand for accounting and auditing services is driven by the region's well-established financial infrastructure and stringent regulatory frameworks. The presence of numerous multinational corporations and a robust financial services sector creates a high demand for these services. Furthermore, the increasing focus on compliance, risk management, and transparency in financial practices among companies in North America solidifies the region's leadership in the accounting and auditing market, making it a focal point for service providers.

 

Asia Pacific is expected to grow the fastest during the forecast period. Emerging markets across the Asia Pacific are experiencing rapid economic development and an expanding middle class, which is fueling the demand for accounting and auditing services. As business activities increase, companies seek to establish credibility and comply with evolving regulations. Moreover, the adoption of advanced technologies, such as artificial intelligence and cloud computing in financial services, is enhancing efficiency and accessibility, further driving demand for these services in the region.

 

Company Profiling

Major key players in the accounting and auditing market include Armanino LLP, Baker Tilly US, LLP, Binder Dijker Otte, Citrin Cooperman, Crowe Global, Crowe LLP, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, Evelyn Partners, Grant Thornton LLP, Haines Watts Group, Johnston Carmichael, Kearney & Company, KPMG International, Mazars, MHA MacIntyre Hudson, Moore Global, PwC, RSM US LLP, UHY Hacker Young, and Others.

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Development

  • In October 2024, Thomson Reuters Corporation (TSX/NYSE: TRI), a global leader in content and technology, announced that it has acquired Materia, a US-based startup specializing in the development of an agentic AI assistant for the tax, audit, and accounting professions. This acquisition aligns with Thomson Reuters' AI roadmap and accelerates its vision to provide generative AI tools to the industries it serves.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global accounting and auditing market based on the below-mentioned segments:

 

Global Accounting and Auditing Market, By Service Type

  • Financial Audits
  • Capital Markets
  • Corporate Reporting
  • Actuarial Services
  • Internal Audits

 

Global Accounting and Auditing Market, By End-Use Industry

  • Consumer Markets
  • Energy and Natural Resources
  • Financial Services
  • Government & Public Services
  • Life Science & Healthcare
  • Media & Telecommunications
  • Technology

 

Global Accounting and Auditing Market, By Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

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