Scope of the Study
The accounting firm offers a myriad of services that help business owners stay financially organized, tax compliant and that helps prepare for business growth. Business owners shouldn't look at an accounting firm merely as an outsourcing cost for bookkeeping but as an integral business partner. Not every accounting firm offers every type of service, and business owners should interview various firms to determine which is the best fit for the company's specific business needs.
The market study is being classified by Type (Online Service and Offline Service), by Application (Accounting and Auditing, Tax Filing and Planning, Management Consulting, Specialty Services, Consulting, Estate Planning and Others) and major geographies with country level break-up.
Right Networks (United States), KPMG International Cooperative (Netherlands), Bench Accounting (Canada), PwC (United Kingdom), Wolters Kluwer (Netherlands), Accountingprose (United States), Dixon Hughes Goodman (United States), Sikich (United States), Positive Venture Group (Canada), AcctTwo Shared Services (United States) and Analytix (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Andersen (United States), Moore Global Network (United Kingdom), Avitus Group (United States) and Baker Tilly Virchow Krause (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Players having a strong hold in the market are Right Networks, KPMG International Cooperative, Bench Accounting, and PwC. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Accounting Firm Services market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Accounting Firm Services market by Type, Application and Region.
On the basis of geography, the market of Accounting Firm Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- increasing Industrialization and Starting New Business in the Developing Economies
- Growing Demand from Large and Medium Enterprises
- The Trend of Designing Industry-Specific Accounting Systems
- Cloud-Based Accounting Services for Start-Ups and Small- Sized Businesses
- Expensive, High Costs for Services
- Data Security and Privacy Concern
- Technological Advancements such as Machine Learning and AI
- Scalability and Customization
- Lack of Expertise and Awareness
Market Leaders and their expansionary development strategies
On 17th December 2019, Sikich announced Tuesday that it has agreed to acquire Alexandria, Virginia-based public accounting firm Halt, Buzas & Powell, Ltd. The deal marks Sikich’s entry into the Washington, D.C., and Baltimore metro markets and expands its presence on the East Coast.
Key Target AudienceAccounting Firm Services Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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