Artificial intelligence in the accounting market
The global artificial intelligence in accounting market size is expected to grow from US$1.1 billion in 2018 to US$XX billion by 2030, at a CAGR of 24.8% over the forecast period. The increasing demand for AI-enabled accounting solutions among small and medium-sized enterprises (SMEs) is one of the key factors driving the growth of this market.
Zion Market Research recently published a study of the artificial intelligence in accounting market by component (services and solutions), by deployment mode (cloud and on-premises), by technology (natural language processing and machine learning and deep learning), and by company size (Large Enterprises & SMBs) and By Application (Invoice Classification & Approval, Automated Accounting, Reporting, Fraud & Risk Management & Others): Global Industry Perspective, Comprehensive Analysis & Forecast, 2018-2025, which includes a detailed analysis of key competitors, worldwide Sales, key industry drivers, market segments with their market shares. The report also carefully crafts the key territories and their countries to forecast regional and world income. The impact of Covid-19 on the global artificial intelligence in accounting market was also discussed in the paper. The statistical explanations in the form of graphics and tables help the user to get a comprehensive picture of the market.
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Artificial intelligence in the accounting market witnessed the most promising rise in demand
The global Artificial Intelligence in Accounting market size is forecast to grow at a healthy rate in the coming years. Large investments from industry players for novel product releases as well as an increase in mergers and partnerships for expansion strategies are expected to propel the artificial intelligence in accounting market. Globally, the ABC region is likely to lead the market, with the ABC region growing at the fastest CAGR and offering favorable prospects for higher revenue.
The leading leading market players covered in this report are: AWS, Microsoft, Intuit, Xero, Sage, UiPath, OSP, AppZen, Kore.ai, IBM, YayPay..
Zion Market Research’s latest analysis on the Global Artificial Intelligence in Accounting report covers comprehensive information on key developments, products, revenue and more of the market players. A total of ten organizations have been meticulously profiled, allowing the user to develop strategic plans to compete with rivals and gain a foothold in the global artificial intelligence in accounting industry.
From the forecast period of 2021 to 2027, the segmentation research mainly focuses on profitability and forecasts to 2027 and geography. A sub-segment assessment is also conducted for all main segments included in the research scope. This allows the user to discover dominant sectors as well as the factors driving the expansion of the market. The statistical study of the segmentation and sub-segments will provide an overall picture of a market development in the existing markets as well as in the future.
On the basis of product type, the Artificial Intelligence in Accounting market report considers the following segments:
Services and Solutions
On the basis of Applications, the Artificial Intelligence in Accounting market report considers the following segments:
Large corporations and SMBs) and by application (invoice classification and approval, automated accounting, reporting, fraud and risk management, and others
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North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa are the major regions that make up the global Artificial Intelligence in Accounting market. They are also divided into subcategories based on their geographic location. Geographical analysis helps to determine the main elements contributing to the development of the market in terms of revenue, market share, value and other key figures. This will help the user to determine the most lucrative region in the global Artificial Intelligence in Accounting Market and strategize from which the company would benefit.
The report examines in detail the impact of Covid-19 on the global market for artificial intelligence in accounting. The outbreak of Covid-19 had a variety of impacts on the market and led to economic volatility. The report’s Covid-19 study aims to enable the user to assess the industry’s level of variance and based on the recovery analysis to allocate decisions to be one of the leading competitors in the market.Covid-19 coverage
Who benefits from this report?
The report on the global Artificial Intelligence in Accounting Industry is presented in a simple manner. The statistical insights help the user to understand the market development patterns, crucial factors and loopholes that may impact the market expansion. The latest study by Zion Market Research can help small and medium-sized investors, venture capital companies, start-ups and large manufacturers to understand the market. Also, retailers, suppliers and government agencies can gain useful insights from the research study.
Artificial Intelligence in Accounting Market Press Release @ https://www.zionmarketresearch.com/news/artificial-intelligence-in-accounting-market
Zion’s market research uses an analytical approach to help users gain a solid understanding of the overall market. The global revenue for the market over the projection period 2022-2028 is derived using a top-down and bottom-up approach where sales of products are calculated at both regional and country levels. The specialized research analysts conducted extensive primary and secondary research to gather validated information. During secondary research, the analyst focuses on authenticating data sources such as company annual reports, SEC filings, investor presentations, articles, magazines, and news channel news to create the market number. All of this information is validated through extensive primary research to validate the secondary research data with industry experts.
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