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February 2021

Accounting Consulting

The Accounting Services market consists of the sales of accounting services and related goods by organizations that provide recording and analysis of the financial transactions of businesses and other organizations. The service involves the summarizing, analyzing, auditing, and reporting of financial transactions to tax collection agencies and entities. The global Accounting Services sector is expected to grow from $574.5 billion in 2019 to $576 billion in 2020 at a compound annual growth rate (CAGR) of 0.3%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $687.7 billion in 2023.