Artificial intelligence in Accounting Market Share 2021: Global Trends, Key Players, Industry Analysis Report to 2027

The Artificial intelligence in accounting market is expected to grow at a significant CAGR in the period from 2021 to 2027. The rising requirement to automate accounting operations and enable data-based advising and decision-making are driving the AI in accounting industry forward.

Machine translation, information extraction, report production, question answering, collecting data giving context, and determining the user’s intent are all examples of NLP applications. In the field of accounting, NLP is used in areas like as invoice categorization and interpretation, as well as contract interpretation. Major AI in accounting providers are concentrating on delivering NLP integrated solutions as contract and invoice languages and formats become more varied. NLP technology in AI in accounting is expanding at a rapid pace, owing to the improving regulatory and compliance framework for data.

The following Segmentation are covered in this report:

By Technology

• Machine Learning (ML) and Deep Learning
• NLP

By Enterprise size

• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)

By Application

• Automated Bookkeeping
• Invoice Classification and Approvals
• Fraud and Risk Management
• Reporting
• Others (Expense and Auditing Management, and Tax and Revenue Filing)

By Region

North America:

• US
• Canada

Europe:

• France
• Italy
• Germany
• UK
• Rest of Europe

Asia Pacific:

• India
• China
• Japan
• Australia
• Rest of APAC

Scope of the Report

The research study analyses the global Artificial intelligence in accounting industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

• Market Overview and growth analysis
• Import and Export Overview
• Volume Analysis
• Current Market Trends and Future Outlook
• Market Opportunistic and Attractive Investment Segment

Geographic Coverage

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

Key Questions Answered by Artificial intelligence in accounting  Market Report

• What was the Artificial intelligence in accounting  Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Artificial intelligence in accounting  Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
• Which manufacturer/vendor/players in the Artificial intelligence in accounting  Market was the market leader in 2020?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.