Global Artificial Intelligence in Accounting Market Size study, byComponent (Solutions,Services) by Deployment mode (Cloud, On-premises) by Technology (Machine Learning and Deep Learning, NLP) by Enterprise size (Large Enterprises, Small and Medium-sized Enterprises) by Application (Automated Bookkeeping, Invoice Classification and Approvals, Fraud and Risk Management, Reporting, Others )and Regional Forecasts 2021-2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Artificial Intelligence in Accounting market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Artificial Intelligence in Accounting market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Key Segments Studied in the Global Artificial Intelligence in Accounting Market
Global Artificial Intelligence in Accounting Market to reach USD 15.66 billion by 2027. Global Artificial Intelligence in AccountingMarket is valued approximately USD 0.988 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 48.4% over the forecast period 2021-2027. The ability of artificial intelligence (AI) to adapt and learn has propelled it to the forefront of technology today. AI is much more effective for data-driven companies such as accounting and finance because it not only acts without needing human intervention but also extracts accurate results from a large amount of data. While AI is becoming increasingly popular in digital marketing and finance, the accounting industry is also reporting widespread use of the technology in their applications. Companies can do cash flow forecasting, anticipate insolvency, and detect frauds using AI, allowing accountants to assist clients in responding to financial difficulties before they become acute and adjusting spending appropriately. It also enables accountants to expand their predictive consulting beyond typical financial planning to include other crucial company aspects. According to research, 85 percent of people worldwide believe that artificial intelligence will improve their competitive advantage, and 81 percent of accountants believe that leveraging AI will still save them up to 10 working hours per week by assisting them in automating the time-consuming tasks. Moreover, an AI-enabled system assists accountants in auditing and compliance by constantly monitoring documents for compliance with regulations and practices and flagging audits with challenges. With fraud costing businesses billions of dollars each year, machine learning algorithms swiftly sift through massive amounts of data to prevent security frauds that humans would otherwise miss. For example, the IL&FS fraud case, which cost INR 91,000 crore, was caused by serious audit inconsistencies in IL&FS accounts. However, the majority of businesses have yet to hire new employees, owing to concerns about the business case, a lack of skills, and a lack of ROI, which has hampered significant growth during the forecast period. Also, businesses are incorporating and implementing AI into their streamlined operational processes, with accounting at the top of their list because it provides increased productivity, accuracy, and cost savings, while also steering market growth.
Asia Pacific (APAC) is anticipated to grow at the fastest rate during the projected timeframe, owing to increased investment and funding, an increase in the number of startup companies, and governments’ increased focus on data regulations and compliance requirements.China, Japan, Australia, and India are planning to implement AI solutions in business transactions to free up human resources from mundane chores and focus on ensuring data integrity.International companies in APAC would benefit from the region’s versatile economic conditions, public policy aimed at industrialization and globalisation, as well as the region’s growing digitalization, which is expected to have a positive influence on firm group. North America, on the other hand, is expected to have the largest market over the forecast period.
Major market player included in this report are:
Microsoft, AWS, Xero, Intuit, Sage, OSP, UiPath, Kore.ai, AppZen, Deloitte
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Machine learning and Deep learning
By Enterprise size:
Small and Medium-sized Enterprises
Invoice Classification and Approvals
Fraud and Risk Management
Our market research provides vital intelligence on market size, business trends, industry structure, market share, and market forecasts that are essential to developing business plans and strategy.
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
Market Behavior/ Level of Risk and Opportunity
End Industry Behavior/ Opportunity Assessment
Expected Industry Recovery Timeline
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Each study, more than 100+ pages, is packed with tables, charts and insightful narrative including coverage on: Report Ocean provides complete tailor-made market reports that deliver vital market information on industry. Our market reports include: Market Sizing and Structuring, Micro and macro analysis, Regional dynamics and Operational landscape, Demographic profiling and Addressable market, Legal Set-up and Regulatory frameworks, Profitability and Cost analysis, Segmentation analysis of Market, Existing marketing strategies in the market, Best practice, GAP analysis, Competitive landscape, Leading market players, Benchmarking, Future market trends and opportunities – Scenario modeling
Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis Our team will be able to provide clear answers, identify key opportunities, new investments, and recommend high quality strategy routes in the market. These answers will include a holistic analysis of the: Existing market infrastructures, Market challenges and opportunities, Potential for growth in certain industries in the coming years, End-consumer target groups and their potential volumes of operation, Best regions and segments to target , Pros and cons of various promotion models, Touch points and an opportunity breakdown within the value chain, Market size and growth rate during forecast period., Key factors driving the Market., Key market trends cracking up the growth of the Market., Challenges to market growth., Key vendors of Market., Detailed SWOT analysis., Opportunities and threats faces by the existing vendors in Global Market., Trending factors influencing the market in the geographical regions., Strategic initiatives focusing the leading vendors., PEST analysis of the market in the five major regions.
The Study Explore COVID 19 Outbreak Impact Analysis
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What are market dynamics?
What are challenges and opportunities?
What is economic impact on market?
What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
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Key Points Covered in Artificial Intelligence in Accounting Market Report:
Global Artificial Intelligence in Accounting Market Research Report
Section 1: Global Artificial Intelligence in Accounting Industry Overview
Section 2: Global Economic Impact on Artificial Intelligence in Accounting Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Artificial Intelligence in Accounting Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Artificial Intelligence in Accounting Market Forecast
……..and view more in complete table of Contents
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