• According to Dhirtek Business Research, “global artificial intelligence in accounting market by component (solution, services), deployment model (on-premises and cloud-based), enterprise size (small & medium enterprises and large enterprises), application (automated bookkeeping, invoice classification and approvals, fraud and risk management, reporting, others)” generated revenue of US$ 697.9 million in 2020 and is expected to reach US$ 4611.4 million by 2025 with a CAGR of 45.9% in the forecast period.
• Based on the region, the artificial intelligence in accounting market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America holds a dominant position in the market in 2020 and expected to remain dominant over the forecast period. Moreover, Asia Pacific expected to grow with the highest CAGR in the forecast period. China, India, and Japan are some of the market-driven countries in this region.
• Based on the size of the enterprise, the segment of small and medium-sized enterprises is projected to expand at the fastest CAGR in the forecast period. Also, the large enterprise segment holds a dominant market position in 2020 and expected to remain dominant throughout the forecast period.
• Based on the deployment model, the cloud-based deployment model expected to grow with the highest CAGR during the forecast period. Moreover, the on-premises deployment model holds the dominating position of the market in 2020 and expected to retain its dominance throughout the forecast period.
• The research report provides a detailed analysis of the global market dynamics in artificial intelligence in accounting. Considering 2019 as the base year, the study presents estimated market data for the 2020 to 2025 forecast period.
• The report includes the artificial intelligence in accounting market for various industries across different geographic regions (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). It also focuses on key developments and threats impacting the market and the vendor landscape.
• The study contains a chapter explaining the impact of COVID 19 on the global market for artificial intelligence in accounting. The study further discusses the key factors, the business environment, and emerging developments in the artificial intelligence in accounting market. The study ends with an overview of the artificial intelligence in accounting providers and provides comprehensive profiles of the key players in the global artificial intelligence in accounting market.

Scope of the report:

Artificial Intelligence in Accounting Market Players:

• Some of the major players of artificial intelligence in accounting market are Amazon Web Services, Inc., AppZen, Inc., Botkeeper, Ernst & Young LLP, Google LLC, Hyper Anna, IBM Corporation, Intuit Inc., Kore.ai, Inc., Microsoft Corporation, MindBridge Analytics Inc., SAGE, UiPath, Xero Limited, Yaypay, Inc. The study also focuses on different business or inorganic market growth strategies through technology advancement, business expansion, alliances and mergers and acquisitions to create disruptive technologies and consumer networks.