Overview

The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Accounting Services global market research report offers insightful industry analysis and research into the market at an international level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Market Share of Companies
Deloitte $x.xlock
Ernst & Young $x.xlock
KPMG $x.xlock
PricewaterhouseCoopers $x.xlock
Industry Statistics & Market Size
Revenue
$469bn
Annual Growth
2011 - 2016
3.4%
Annual Growth
2016 - 2021
Profit
Employment ('000)
5,773
Business
1,298,138

Industry Analysis & Industry Trends

As with most of the financial sector, the Global Accounting Services industry's revenue fell in 2009, after reaching a historical peak in 2008. Accounting firms have since rebounded and hit a new historic high in 2011. Over the five years to 2016, revenue is expected to increase due to improved global economic conditions. However, while the nature of work undertaken by the industry will begin to switch back to cyclical activities, such as corporate advisory work on expansions and major transactions, these activities will remain relatively depressed compared with before the financial crisis. Demand for services related to bankruptcies, liquidations and restructures will continue to be relatively strong as high levels of public and private debt constrain growth in many major economies...

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Industry Analysis

Buoyed by steady economic expansion in developed countries, particularly the United States, as well as strong economic growth in developing nations and an increase in the number of new businesses, demand for audit, tax, advisory and other accounting-related services modestly improved during the past five years. Consequently, in the five years to 2016, Global Accounting Services industry revenue is expected to increase an annualized 3.4% to $469.4 billion. Furthermore, rising corporate profit rates and global equity markets led to an increase in global merger and acquisition (M&A) activity during the past five years. This, in turn, boosted demand for M&A transaction advisory services, corporate valuations and other assurance services, which are commonly provided by accounting firms. As ..

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Additional Insights for the Global Accounting Services Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Global Accounting Services Industry are

  • Ability to quickly adopt new technology
  • Having a good reputation
  • Having a loyal customer base
  • IBISWorld analysts also discuss how external factors such as World GDP and MSCI World Index in the Global Accounting Services industry impact industry performance..

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    Industry Products

    What is the Global Accounting Services Industry?

    Accounting firms provide a range of financial services related to accounting. These include preparation and auditing of financial statements; tax consulting and preparation of tax returns; bookkeeping; accounting systems design; and financial and business advisory services.

    Industry Products
    Auditing services
    Tax consultancy
    Other accounting services
    Industry Activities
    Auditing
    Accountancy
    Bookkeeping
    Tax consultancy and advisory

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • World GDP
  • MSCI World Index
  • GDP of the BRIC nations
  • Total value of world trade

  • Current Performance
  • Emerging markets lead growth, developed markets follow
  • Expansion of value-added services
  • Profit and industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Opportunities for growth
  • Enterprise and employment expansion
  • Table: Global Accounting Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Global Accounting Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Global Manufacturing
  • Global Financial Intermediation
  • Global Public Administration and Defense

  • Key Selling Industries
  • Global Commercial Real Estate
  • Global Computer Hardware Manufacturing
  • Global Wired Telecommunication Carriers

  • Products & Services
  • Auditing services
  • Tax consultancy
  • Other accounting services
  • Chart: Global Accounting Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Energy, healthcare, technology and professional services
  • Banking and financial services
  • Small businesses and individuals
  • Consumer goods manufacturing and retail
  • Other corporate clients
  • Government agencies
  • Chart: Major Market Segmentation for the Global Accounting Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Global Accounting Services

  • Basis of Competition
  • Internal Competition
  • External Competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Global Accounting Services Industry

  • Industry Globalization
    Major Companies
    Deloitte Touche TohmatsuPricewaterhouseCoopers International LimitedErnst & Young InternationalKPMG International
  • Table: Deloitte Touche Tohmatsu - financial performance
  • Table: PricewaterhouseCoopers International Limited - financial performance
  • Table: Ernst & Young International - financial performance
  • Table: KPMG International - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Global Accounting Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Global Accounting Services Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • MSCI World Index (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Auditing
  • Reviewing a company's financial operations to ensure regulatory compliance.
  • Management Accounting
  • Provision of accounting information within an organization, to be used by managers in decision making.
  • Tax Accounting
  • The reporting of information required for compliance with tax regulations.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Global Accounting Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Global Accounting Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Global Accounting Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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