Global Artificial Intelligence (AI) in an Accounting Market Key Players
Rating :

The key factor driving the market
growth is the growing need for automated processes in accounting and the
increasing demand for data-based advisory and decision making. In addition, AI
in accounting helps to push efficiency of business and drive deep to client
data and provide real-time analysis to enhance marketing which increases the
demand of Ai in accounting. For instance, Robotics Process Automation (RPA)
reduces the time of audit and contractual processing from months to a few
weeks. Moreover, it saves time by reducing costs, which also increases the
demand for AI in accounting. However, lack of skill set and growing concern of
a high volume of critical data are restraining the market growth.
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Various notable players in the market
include Microsoft Corporation, AWS, Inc., Intuit Inc., Xero Ltd., Google LLC,
Deloitte Touche Tohmatsu Limited, Sage Group Plc, Ernst & Young,
PricewaterhouseCoopers (PwC), AppZen Inc. and among others. Major players are
focussing on product launch, acquisition, collaboration to expand their global
reach and become a market competitive.
The global Artificial Intelligence
(AI) in an Accounting market has been segmented based on component, deployment
mode, organization size, risk type and vertical, and key geographies. Based on
the component, global Artificial Intelligence (AI) in an Accounting market has
been segmented into software and services. Based on deployment mode, the market
is segmented into on-cloud and on-premises. Based on organization size, the
market has been segmented into the small and medium enterprises and large
enterprises. Based on application, the market is segmented into Automated
Bookkeeping, Invoice Classification and Approvals, Reporting, Fraud and Risk
Management and Others.
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Author Signature :
Ricky Sheikh, GMI research

Ricky Sheikh
..
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