How big is the AI In Accounting Market?

The AI In Accounting Market size is expected to reach USD 4.73 billion in 2024 and grow at a CAGR of 41.27% to reach USD 26.66 billion by 2029. Read More

What is the current AI In Accounting Market size?

In 2024, the AI In Accounting Market size is expected to reach USD 4.73 billion. Read More

Who are the key players in AI In Accounting Market?

Xero Limited, Intuit Inc. (QuickBooks), Sage Group PLC, SAP SE and Epicor Software Corporation are the major companies operating in the AI In Accounting Market. Read More

Which is the fastest growing region in AI In Accounting Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in AI In Accounting Market?

In 2024, the North America accounts for the largest market share in AI In Accounting Market. Read More

What years does this AI In Accounting Market cover, and what was the market size in 2023?

In 2023, the AI In Accounting Market size was estimated at USD 2.78 billion. The report covers the AI In Accounting Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the AI In Accounting Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the main challenges in adopting AI Technology in Accounting?

Key challenges faced by AI in Accounting: a) Data privacy concerns b) High initial investment costs c) Need for professionals to adapt to new technologies and methodologies Read More

What are the main challenges in adopting AI Technology in Accounting?

Key challenges faced by AI in Accounting: a) Data privacy concerns b) High initial investment costs c) Need for professionals to adapt to new technologies and methodologies Read More

AI in Accounting Market Analysis | Industry Report, Size & Forecast Insights

AI In Accounting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The AI in Accounting Market Report is Segmented by Component (Software and Services), Deployment (On-Premises and Cloud), Organization Size (Small To Medium-Sized Enterprises (SMEs) and Large Enterprises), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

AI In Accounting Industry Overview

The Artificial Intelligence in the accounting market is fragmented and comprises multiple influential players competing for greater market share. These main firms, which have significant market shares, are concentrating on growing their clientele internationally. To improve their market shares and profitability, they are also offering fresh, creative ideas and engaging in business transactions and mergers. Xero Limited, Intuit Inc. (QuickBooks), Sage Group PLC, SAP SE, Epicor Software Corporation, etc., are important participants.

• April 2024 - Cognizant and Microsoft Corp. announced an expanded partnership aimed at leveraging Microsoft's generative AI and Copilots to benefit millions of users. This collaboration intends to transform enterprise business operations, enhance employee experiences, and drive innovation across various industries.

• March 2024 - Zoho, an Indian software company, announced a strategic investment of USD 20 million in Latin America. The investment, spread over three years, aims to enhance its market presence in the region. As part of this initiative, Zoho plans to establish new offices and set up one or two data centers. The company's inaugural data center, with a capacity of 1MW and two locations, is scheduled to commence operations either by the end of 2024 or in the first quarter of 2025.