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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 & Deep Learning), By Enterprise Size (Large Enterprises and SMEs), and By Application (Invoice Classification & Approvals, Automated Bookkeeping, Reporting, Fraud & Risk Management, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Published Date: 07-Oct-2019 Category: Technology & Media Report Format : PDF Pages: 188 Report Code: ZMR-4820 Status : Published

Global artificial intelligence in accounting market expected to reach around USD 7,085 million by 2025, at a CAGR of approximately 48% between 2019 and 2025. The artificial intelligence in accounting market will grow due to the rising need for automation in accounting processes, which will eventually support the decision-making and enhanced data-based advisory.

Description

The report analyzes and forecasts the artificial intelligence in accounting market on a global and regional level. The study offers past data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The assessment of artificial intelligence in accounting market dynamics gives a brief thought about the drivers and restraints along with their impact on the demand over the years to come. Additionally, the report also includes the study of opportunities available in the artificial intelligence in accounting market on a global level.

The report gives a transparent view of the artificial intelligence in accounting market. We have included a detailed competitive scenario and portfolio of leading vendors operating in the artificial intelligence in accounting market. To understand the competitive landscape in the artificial intelligence in accounting market, an analysis of Porter’s Five Forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Artificial Intelligence in Accounting Market

The study provides a crucial view of the artificial intelligence in accounting market by segmenting it based on component, deployment mode, technology, enterprise size, application, and region. All the segments of artificial intelligence in accounting market have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segmentation comprises the current and forecast demand for Middle the East and Africa, North America, Asia Pacific, Latin America, and Europe.

Some major players of the artificial intelligence in accounting market include AWS, Microsoft, Intuit, Xero, Sage, UiPath, OSP, AppZen, Kore.ai, IBM, and YayPay.

This report segments the global artificial intelligence in accounting market into:

Global Artificial Intelligence in Accounting Market: By Component

  • Services
    • Professional Services
    • Managed Services
  • Solutions
    • Software Tools
    • Enterprise Sizes

Global Artificial Intelligence in Accounting Market: By Deployment Mode

  • Cloud
  • On-Premises

Global Artificial Intelligence in Accounting Market: By Technology

  • Natural Language Processing
  • Machine Learning and Deep Learning

Global Artificial Intelligence in Accounting Market: By Enterprise Size

  • Large Enterprises
  • SMEs

Global Artificial Intelligence in Accounting Market: By Application

  • Invoice Classification and Approvals
  • Automated Bookkeeping
  • Reporting
  • Fraud and Risk Management
  • Others

Global Artificial Intelligence in Accounting Market: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Artificial Intelligence in Accounting Market, 2016-2025 (USD Million)
    • 2.2. Artificial Intelligence in Accounting Market: Snapshot
  •  
  • Chapter 3. Global Artificial Intelligence in Accounting Market - Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Technology landscape
    • 3.4. Market Drivers
      • 3.4.1. Growing Need for Automating Accounting Processes
    • 3.5. Restraints
      • 3.5.1. Lack of Skillsets
      • 3.5.2. Resistance to Change
    • 3.6. Opportunity
      • 3.6.1. Increasing Demand for Intelligent Accounting Processes
    • 3.7. Innovation & Sustainability
    • 3.8. Regulatory Landscape
    • 3.9. Porter's Five Forces Analysis
    • 3.10. PESTLE Analysis
    • 3.11. Artificial Intelligence in Accounting Market: Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis by Component
      • 3.11.2. Market Attractiveness Analysis by Deployment Mode
      • 3.11.3. Market Attractiveness Analysis by Technology
      • 3.11.4. Market Attractiveness Analysis by Enterprise Size
      • 3.11.5. Market Attractiveness Analysis by Application
      • 3.11.6. Market Attractiveness Analysis by Region
  •  
  • Chapter 4. Global Artificial Intelligence in Accounting Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2018
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions and Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations, and Joint Ventures
      • 4.2.4. Research & Development and Regional Expansion
  •  
  • Chapter 5. Artificial Intelligence in Accounting Market - Component Analysis
    • 5.1. Global Artificial Intelligence in Accounting Market Share, by Component, 2018 and 2025
    • 5.2. Global Artificial Intelligence in Accounting Market by Services, 2016-2025 (USD Million)
    • 5.3. Global Artificial Intelligence in Accounting Market by Solutions, 2016-2025 (USD Million)
  •  
  • Chapter 6. Artificial Intelligence in Accounting Market - Deployment Mode Analysis
    • 6.1. Global Artificial Intelligence in Accounting Market Share, by Deployment Mode, 2018 and 2025
    • 6.2. Global Artificial Intelligence in Accounting Market by Cloud, 2016-2025 (USD Million)
    • 6.3. Global Artificial Intelligence in Accounting Market by On-Premises, 2016-2025 (USD Million)
  •  
  • Chapter 7. Artificial Intelligence in Accounting Market - Technology Analysis
    • 7.1. Global Artificial Intelligence in Accounting Market Share, by Technology, 2018 and 2025
    • 7.2. Global Artificial Intelligence in Accounting Market by NLP, 2016-2025 (USD Million)
    • 7.3. Global Artificial Intelligence in Accounting Market by Machine Learning and Deep Learning, 2016-2025 (USD Million)
  •  
  • Chapter 8. Artificial Intelligence in Accounting Market - Enterprise Size Analysis
    • 8.1. Global Artificial Intelligence in Accounting Market Share, by Enterprise Size, 2018 and 2025
    • 8.2. Global Artificial Intelligence in Accounting Market by Large Enterprises, 2016-2025 (USD Million)
    • 8.3. Global Artificial Intelligence in Accounting Market by SMEs, 2016-2025 (USD Million)
  •  
  • Chapter 9. Artificial Intelligence in Accounting Market - Application Analysis
    • 9.1. Global Artificial Intelligence in Accounting Market Share, by Application, 2018 and 2025
    • 9.2. Global Artificial Intelligence in Accounting Market by Invoice Classification and Approvals, 2016-2025 (USD Million)
    • 9.3. Global Artificial Intelligence in Accounting Market by Automated Bookkeeping, 2016-2025 (USD Million)
    • 9.4. Global Artificial Intelligence in Accounting Market by Reporting, 2016-2025 (USD Million)
    • 9.5. Global Artificial Intelligence in Accounting Market by Fraud and Risk Management, 2016-2025 (USD Million)
    • 9.6. Global Artificial Intelligence in Accounting Market by Others, 2016-2025 (USD Million)
  •  
  • Chapter 10. Artificial Intelligence in Accounting Market - Regional Analysis
    • 10.1. Global Artificial Intelligence in Accounting Market Share, By Region, 2018 and 2025
    • 10.2. North America
      • 10.2.1. North America Artificial Intelligence in Accounting Market Revenue, 2016-2025 (USD Million)
      • 10.2.2. North America Artificial Intelligence in Accounting Market Revenue, By Component, 2016-2025 (USD Million)
      • 10.2.3. North America Artificial Intelligence in Accounting Market Revenue, By Deployment Mode, 2016-2025 (USD Million)
      • 10.2.4. North America Artificial Intelligence in Accounting Market Revenue, By Technology, 2016-2025 (USD Million)
      • 10.2.5. North America Artificial Intelligence in Accounting Market Revenue, By Enterprise Size, 2016-2025 (USD Million)
      • 10.2.6. North America Artificial Intelligence in Accounting Market Revenue, By Application, 2016-2025 (USD Million)
      • 10.2.7. The U.S.
        • 10.2.7.1. The U.S. Artificial Intelligence in Accounting Market Revenue, by Component, 2016-2025 (USD Million)
        • 10.2.7.2. The U.S. Artificial Intelligence in Accounting Market Revenue, by Deployment Mode, 2016-2025 (USD Million)
        • 10.2.7.3. The U.S. Artificial Intelligence in Accounting Market Revenue, by Technology, 2016-2025 (USD Million)
        • 10.2.7.4. The U.S. Artificial Intelligence in Accounting Market Revenue, by Enterprise Size, 2016-2025 (USD Million)
        • 10.2.7.5. The U.S. Artificial Intelligence in Accounting Market Revenue, by Application, 2016-2025 (USD Million)
      • 10.2.8. Canada
        • 10.2.8.1. Canada Artificial Intelligence in Accounting Market Revenue, by Component, 2016-2025 (USD Million)
        • 10.2.8.2. Canada Artificial Intelligence in Accounting Market Revenue, by Deployment Mode, 2016-2025 (USD Million)
        • 10.2.8.3. Canada Artificial Intelligence in Accounting Market Revenue, by Technology, 2016-2025 (USD Million)
        • 10.2.8.4. Canada Artificial Intelligence in Accounting Market Revenue, by Enterprise Size, 2016-2025 (USD Million)
        • 10.2.8.5. Canada Artificial Intelligence in Accounting Market Revenue, by Application, 2016-2025 (USD Million)
    • 10.3. Europe
      • 10.3.1. Europe Artificial Intelligence in Accounting Market Revenue, 2016-2025 (USD Million)
      • 10.3.2. Europe Artificial Intelligence in Accounting Market Revenue, By Component, 2016-2025 (USD Million)
      • 10.3.3. Europe Artificial Intelligence in Accounting Market Revenue, By Deployment Mode, 2016-2025 (USD Million)
      • 10.3.4. Europe Artificial Intelligence in Accounting Market Revenue, By Technology, 2016-2025 (USD Million)
      • 10.3.5. Europe Artificial Intelligence in Accounting Market Revenue, By Enterprise Size, 2016-2025 (USD Million)
      • 10.3.6. Europe Artificial Intelligence in Accounting Market Revenue, By Application, 2016-2025 (USD Million)
      • 10.3.7. UK
        • 10.3.7.1. UK Artificial Intelligence in Accounting Market Revenue, by Component, 2016-2025 (USD Million)
        • 10.3.7.2. UK Artificial Intelligence in Accounting Market Revenue, by Deployment Mode, 2016-2025 (USD Million)
        • 10.3.7.3. UK Artificial Intelligence in Accounting Market Revenue, by Technology, 2016-2025 (USD Million)
        • 10.3.7.4. UK Artificial Intelligence in Accounting Market Revenue, by Enterprise Size, 2016-2025 (USD Million)
        • 10.3.7.5. UK Artificial Intelligence in Accounting Market Revenue, by Application, 2016-2025 (USD Million)
      • 10.3.8. France
        • 10.3.8.1. France Artificial Intelligence in Accounting Market Revenue, by Component, 2016-2025 (USD Million)
        • 10.3.8.2. France Artificial Intelligence in Accounting Market Revenue, by Deployment Mode, 2016-2025 (USD Million)
        • 10.3.8.3. France Artificial Intelligence in Accounting Market Revenue, by Technology, 2016-2025 (USD Million)
        • 10.3.8.4. France Artificial Intelligence in Accounting Market Revenue, by Enterprise Size, 2016-2025 (USD Million)
        • 10.3.8.5. France Artificial Intelligence in Accounting Market Revenue, by Application, 2016-2025 (USD Million)
      • 10.3.9. Germany
        • 10.3.9.1. Germany Artificial Intelligence in Accounting Market Revenue, by Component, 2016-2025 (USD Million)
        • 10.3.9.2. Germany Artificial Intelligence in Accounting Market Revenue, by Deployment Mode, 2016-2025 (USD Million)
        • 10.3.9.3. Germany Artificial Intelligence in Accounting Market Revenue, by Technology, 2016-2025 (USD Million)
        • 10.3.9.4. Germany Artificial Intelligence in Accounting Market Revenue, by Enterprise Size, 2016-2025 (USD Million)
        • 10.3.9.5. Germany Artificial Intelligence in Accounting Market Revenue, by Application, 2016-2025 (USD Million)
      • 10.3.10. Rest of Europe
        • 10.3.10.1. Rest of Europe Artificial Intelligence in Accounting Market Revenue, by Component, 2016-2025 (USD Million)
        • 10.3.10.2. Rest of Europe Artificial Intelligence in Accounting Market Revenue, by Deployment Mode, 2016-2025 (USD Million)
        • 10.3.10.3. Rest of Europe Artificial Intelligence in Accounting Market Revenue, by Technology, 2016-2025 (USD Million)
        • 10.3.10.4. Rest of Europe Artificial Intelligence in Accounting Market Revenue, by Enterprise Size, 2016-2025 (USD Million)
        • 10.3.10.5. Rest of Europe Artificial Intelligence in Accounting Market Revenue, by Application, 2016-2025 (USD Million)
    • 10.4. Asia Pacific
      • 10.4.1. Asia Pacific Artificial Intelligence in Accounting Market Revenue, 2016-2025 (USD Million)
      • 10.4.2. Asia Pacific Artificial Intelligence in Accounting Market Revenue, By Component, 2016-2025 (USD Million)
      • 10.4.3. Asia Pacific Artificial Intelligence in Accounting Market Revenue, By Deployment Mode, 2016-2025 (USD Million)
      • 10.4.4. Asia Pacific Artificial Intelligence in Accounting Market Revenue, By Technology, 2016-2025 (USD Million)
      • 10.4.5. Asia Pacific Artificial Intelligence in Accounting Market Revenue, By Enterprise Size, 2016-2025 (USD Million)
      • 10.4.6. Asia Pacific Artificial Intelligence in Accounting Market Revenue, By Application, 2016-2025 (USD Million)
      • 10.4.7. China
        • 10.4.7.1. China Artificial Intelligence in Accounting Market Revenue, by Component, 2016-2025 (USD Million)
        • 10.4.7.2. China Artificial Intelligence in Accounting Market Revenue, by Deployment Mode, 2016-2025 (USD Million)
        • 10.4.7.3. China Artificial Intelligence in Accounting Market Revenue, by Technology, 2016-2025 (USD Million)
        • 10.4.7.4. China Artificial Intelligence in Accounting Market Revenue, by Enterprise Size, 2016-2025 (USD Million)
        • 10.4.7.5. China Artificial Intelligence in Accounting Market Revenue, by Application, 2016-2025 (USD Million)
      • 10.4.8. Japan
        • 10.4.8.1. Japan Artificial Intelligence in Accounting Market Revenue, by Component, 2016-2025 (USD Million)
        • 10.4.8.2. Japan Artificial Intelligence in Accounting Market Revenue, by Deployment Mode, 2016-2025 (USD Million)
        • 10.4.8.3. Japan Artificial Intelligence in Accounting Market Revenue, by Technology, 2016-2025 (USD Million)
        • 10.4.8.4. Japan Artificial Intelligence in Accounting Market Revenue, by Enterprise Size, 2016-2025 (USD Million)
        • 10.4.8.5. Japan Artificial Intelligence in Accounting Market Revenue, by Application, 2016-2025 (USD Million)
      • 10.4.9. India
        • 10.4.9.1. India Artificial Intelligence in Accounting Market Revenue, by Component, 2016-2025 (USD Million)
        • 10.4.9.2. India Artificial Intelligence in Accounting Market Revenue, by Deployment Mode, 2016-2025 (USD Million)
        • 10.4.9.3. India Artificial Intelligence in Accounting Market Revenue, by Technology, 2016-2025 (USD Million)
        • 10.4.9.4. India Artificial Intelligence in Accounting Market Revenue, by Enterprise Size, 2016-2025 (USD Million)
        • 10.4.9.5. India Artificial Intelligence in Accounting Market Revenue, by Application, 2016-2025 (USD Million)
      • 10.4.10. Rest of Asia Pacific
        • 10.4.10.1. Rest of Asia Pacific Artificial Intelligence in Accounting Market Revenue, by Component, 2016-2025 (USD Million)
        • 10.4.10.2. Rest of Asia Pacific Artificial Intelligence in Accounting Market Revenue, by Deployment Mode, 2016-2025 (USD Million)
        • 10.4.10.3. Rest of Asia Pacific Artificial Intelligence in Accounting Market Revenue, by Technology, 2016-2025 (USD Million)
        • 10.4.10.4. Rest of Asia Pacific Artificial Intelligence in Accounting Market Revenue, by Enterprise Size, 2016-2025 (USD Million)
        • 10.4.10.5. Rest of Asia Pacific Artificial Intelligence in Accounting Market Revenue, by Application, 2016-2025 (USD Million)
    • 10.5. Latin America
      • 10.5.1. Latin America Artificial Intelligence in Accounting Market Revenue, 2016-2025 (USD Million)
      • 10.5.2. Latin America Artificial Intelligence in Accounting Market Revenue, By Component, 2016-2025 (USD Million)
      • 10.5.3. Latin America Artificial Intelligence in Accounting Market Revenue, By Deployment Mode, 2016-2025 (USD Million)
      • 10.5.4. Latin America Artificial Intelligence in Accounting Market Revenue, By Technology, 2016-2025 (USD Million)
      • 10.5.5. Latin America Artificial Intelligence in Accounting Market Revenue, By Enterprise Size, 2016-2025 (USD Million)
      • 10.5.6. Latin America Artificial Intelligence in Accounting Market Revenue, By Application, 2016-2025 (USD Million)
      • 10.5.7. Brazil
        • 10.5.7.1. Brazil Artificial Intelligence in Accounting Market Revenue, by Component, 2016-2025 (USD Million)
        • 10.5.7.2. Brazil Artificial Intelligence in Accounting Market Revenue, by Deployment Mode, 2016-2025 (USD Million)
        • 10.5.7.3. Brazil Artificial Intelligence in Accounting Market Revenue, by Technology, 2016-2025 (USD Million)
        • 10.5.7.4. Brazil Artificial Intelligence in Accounting Market Revenue, by Enterprise Size, 2016-2025 (USD Million)
        • 10.5.7.5. Brazil Artificial Intelligence in Accounting Market Revenue, by Application, 2016-2025 (USD Million)
      • 10.5.8. Rest of Latin America
        • 10.5.8.1. Rest of Latin America Artificial Intelligence in Accounting Market Revenue, by Component, 2016-2025 (USD Million)
        • 10.5.8.2. Rest of Latin America Artificial Intelligence in Accounting Market Revenue, by Deployment Mode, 2016-2025 (USD Million)
        • 10.5.8.3. Rest of Latin America Artificial Intelligence in Accounting Market Revenue, by Technology, 2016-2025 (USD Million)
        • 10.5.8.4. Rest of Latin America Artificial Intelligence in Accounting Market Revenue, by Enterprise Size, 2016-2025 (USD Million)
        • 10.5.8.5. Rest of Latin America Artificial Intelligence in Accounting Market Revenue, by Application, 2016-2025 (USD Million)
    • 10.6. The Middle East and Africa
      • 10.6.1. The Middle East and Africa Artificial Intelligence in Accounting Market Revenue, 2016-2025 (USD Million)
      • 10.6.2. The Middle East and Africa Artificial Intelligence in Accounting Market Revenue, by Component, 2016-2025 (USD Million)
      • 10.6.3. The Middle East and Africa Artificial Intelligence in Accounting Market Revenue, by Deployment Mode, 2016-2025 (USD Million)
      • 10.6.4. The Middle East and Africa Artificial Intelligence in Accounting Market Revenue, by Technology, 2016-2025 (USD Million)
      • 10.6.5. The Middle East and Africa Artificial Intelligence in Accounting Market Revenue, by Enterprise Size, 2016-2025 (USD Million)
      • 10.6.6. The Middle East and Africa Artificial Intelligence in Accounting Market Revenue, by Application, 2016-2025 (USD Million)
  •  
  • Chapter 11. Company Profiles
    • 11.1. AWS
      • 11.1.1. Overview
      • 11.1.2. Financials
      • 11.1.3. Product portfolio
      • 11.1.4. Business strategy
      • 11.1.5. Recent developments
    • 11.2. Microsoft
      • 11.2.1. Overview
      • 11.2.2. Financials
      • 11.2.3. Product portfolio
      • 11.2.4. Business strategy
      • 11.2.5. Recent developments
    • 11.3. Intuit
      • 11.3.1. Overview
      • 11.3.2. Financials
      • 11.3.3. Product portfolio
      • 11.3.4. Business strategy
      • 11.3.5. Recent developments
    • 11.4. Xero
      • 11.4.1. Overview
      • 11.4.2. Financials
      • 11.4.3. Product portfolio
      • 11.4.4. Business strategy
      • 11.4.5. Recent developments
    • 11.5. Sage
      • 11.5.1. Overview
      • 11.5.2. Financials
      • 11.5.3. Product portfolio
      • 11.5.4. Business strategy
      • 11.5.5. Recent developments
    • 11.6. UiPath
      • 11.6.1. Overview
      • 11.6.2. Financials
      • 11.6.3. Product portfolio
      • 11.6.4. Business strategy
      • 11.6.5. Recent developments
    • 11.7. OSP
      • 11.7.1. Overview
      • 11.7.2. Financials
      • 11.7.3. Product portfolio
      • 11.7.4. Business strategy
      • 11.7.5. Recent developments
    • 11.8. AppZen
      • 11.8.1. Overview
      • 11.8.2. Financials
      • 11.8.3. Product portfolio
      • 11.8.4. Business strategy
      • 11.8.5. Recent developments
    • 11.9. Kore.ai
      • 11.9.1. Overview
      • 11.9.2. Financials
      • 11.9.3. Product portfolio
      • 11.9.4. Business strategy
      • 11.9.5. Recent developments
    • 11.10. IBM
      • 11.10.1. Overview
      • 11.10.2. Financials
      • 11.10.3. Product portfolio
      • 11.10.4. Business strategy
      • 11.10.5. Recent developments
    • 11.11. YayPay
      • 11.11.1. Overview
      • 11.11.2. Financials
      • 11.11.3. Product portfolio
      • 11.11.4. Business strategy
      • 11.11.5. Recent developments

Methodology

Free Analysis

Artificial Intelligence (AI) can prove to be a powerful tool in the future. AI will be implemented in almost every sector, as it provides accurate outputs that are far superior to human efforts. AI technology allows computers to perform tasks using machine-based learning.

The artificial intelligence in accounting market will grow due to the rising need for automation in accounting processes, which will eventually support the decision-making and enhanced data-based advisory. Integration of AI with accounting to automate mundane and repetitive tasks and reduce accounting variations will also prove to be beneficial for the artificial intelligence in accounting market in the upcoming years. The technology holds potential to bring the accounting process at ease, which would include invoice classification, bookkeeping, reporting, contract interpretation, tax and revenue filing, cost auditing and management, and fraud detection. NLP and ML algorithms can draw business insights from both structured and unstructured data. AI can also improve fraud detection via more advanced machine languages models, which will enable better prediction of fraudulent activities. The artificial intelligence software impersonates the way a human thinks, enabling software to acquire knowledge by performing basic tasks. By processing large data volumes and identifying patterns, it can help in making recommendations and spot issues, as these algorithms process data in lesser time than humans. AI has proven to be useful and powerful tool for analyzing, processing, and automating some of the most complex business functions. However, rising concerns over criticality of data quality and volume and issues related to investments with the help of AI in accounting may curtail the artificial intelligence in accounting market.

Global Artificial Intelligence in Accounting Market

By component, the artificial intelligence in accounting market includes services and solutions. Services will hold a noteworthy share over the forecast period, owing to the rising deployment of AI in accounting tools, which will enhance the demand for pre-deployment and post-deployment services. The solutions segment is anticipated to hold a substantial market share, owing to the easy integration of the pre-built solution with prevailing accounting infrastructure. The rising number of partnerships between solution providers and growing number of innovations in the accounting sector are also influencing this segment’s growth.

North America is expected to witness notable growth in the artificial intelligence in accounting market globally, owing to the substantial developments witnessed in the AI domain and rising implementation of AI across all the business sectors.

Some major players of the artificial intelligence in accounting market include AWS, Microsoft, Intuit, Xero, Sage, UiPath, OSP, AppZen, Kore.ai, IBM, and YayPay.

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