Overview of Artificial Intelligence in Global Accounting Market to 2027 – Growing Demand for Intelligent Accounting Processes Presents Opportunities – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Artificial Intelligence in Accounting Market Research Report by Component (Services and Solutions), Technology, Deployment, Application, Region (Americas, Asia-Pacific, and Europe, Middle East, and Africa) – Global Forecast to 2027 – Cumulative impact of COVID-19″ report has been added to from ResearchAndMarkets.com offer.

The global Artificial Intelligence in Accounting market size was estimated to be USD 1,556.52 million in 2021, USD 2,074.02 million in 2022, and is projected to grow at a CAGR of 33.42% to reach 8,781 .42 million USD by 2027.

Competitive Strategy Window:

The strategic competitive window analyzes the competitive landscape in terms of markets, applications and geographies to help the vendor define an alignment or match between its capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for vendors to adopt successive strategies of merger and acquisition, geographic expansion, research and development, and new product introduction strategies to execute further business expansion and growth. during a forecast period.

FPNV positioning matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Artificial Intelligence in Accounting Market based on business strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that helps businesses make better decisions and understand the competitive landscape.

Market share analysis:

The market share analysis offers the analysis of the vendors considering their contribution to the overall market. It gives the idea of ​​its revenue generation in the overall market compared to other providers in the space. It provides information on the performance of vendors in terms of revenue generation and customer base compared to others. Knowing the market share gives an idea of ​​the size and competitiveness of suppliers for the reference year. It reveals the characteristics of the market in terms of accumulation, fragmentation, dominance and merger.

The report provides information about the following pointers:

1. Market Penetration: Provides comprehensive information about the market offered by major players

2. Market Development: Provides detailed information on lucrative emerging markets and analyzes penetration in mature market segments

3. Market Diversification: Provides detailed information on new product launches, untapped geographies, recent developments and investments

4. Competitive Assessment and Intelligence: Provides a comprehensive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of key players

5. Product Development and Innovation: Provides smart insights into future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the global Artificial Intelligence in Accounting market?

2. What are the inhibiting factors and impact of COVID-19 on the Global Artificial Intelligence in Accounting Market during the forecast period?

3. What are the products/segments/applications/areas to invest in during the forecast period in the Global Artificial Intelligence in Accounting Market?

4. What is the competitive strategic window for opportunities in the Global Artificial Intelligence in Accounting Market?

5. What are the technology trends and regulatory frameworks in the global Artificial Intelligence in Accounting market?

6. What is the market share of the major vendors in the global Artificial Intelligence in Accounting market?

7. Which modes and strategic moves are considered suitable for entering the Global Artificial Intelligence in Accounting Market?

Market dynamics

Drivers

  • Growing need to automate accounting processes

  • Growing demand for improved data-driven advice and decision-making

Constraints

  • Limited skills and resistance to change

  • Untapped potential of AI in accounting

Opportunities

  • Growing demand for smart accounting processes

  • Increased focus on innovation for integrating AI into accounting

Challenges

  • High criticality of data volume and quality

  • Investment issues given the integration of AI in accounting

Companies cited

  • Amazon Web Services Inc.

  • App Zen Inc.

  • Bill.com, Inc.

  • Deloitte Touche Tohmatsu Limited

  • Ernst & Young LLP

  • Hyper Anna Pty Ltd.

  • IBM Corporation

  • Intuit inc.

  • Kore.ai, Inc.

  • KPMG International Limited

  • Microsoft Corporation

  • MindBridge Analytics Inc.

  • OneUp

  • OSP Labs, Inc.

  • PricewaterhouseCoopers LLP

  • Wise Group

  • SMACC GmbH

  • UiPath, Inc.

  • Vic.ai

  • Xero Ltd.

For more information on this report, visit https://www.researchandmarkets.com/r/s6uz84

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