GITNUX MARKETDATA REPORT 2024

Accounting Services Industry Statistics

The accounting services industry is expected to continue growing steadily due to increasing demand for financial reporting and compliance services.

Statistic 1

"The U.S. accounting services industry generated $110 billion in revenue in 2020."

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Statistic 2

"Over 75% of accountants agree that technology will drive the most change in the industry over the next decade."

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Statistic 3

"The accounting services market in Asia-Pacific is expected to grow at a 6% CAGR through 2025."

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Statistic 4

"74% of accountants believe their advice is more trusted when they use cloud accounting technology."

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Statistic 5

"The average salary for an accountant in the U.S. is around $71,550 per year."

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Statistic 6

"Cloud accounting adoption in small businesses increased by 67% in 2020."

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Statistic 7

"Small to medium-sized firms make up 80% of the accounting industry in the United States."

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Statistic 8

"The global accounting services market is expected to reach $735.94 billion by 2025."

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Statistic 9

"Accountancy services hold a 13% share of the broader professional, scientific, and technical services industry."

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Statistic 10

"Employment in the accounting sector in the U.S. is projected to grow 4% from 2019 to 2029."

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Statistic 11

"Eco-friendly practices in accounting services can reduce costs by 20%."

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Statistic 12

"Approximately 87% of accountants believe that artificial intelligence will improve efficiencies in their firms."

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Statistic 13

"87% of companies use some form of business intelligence tools for their accounting processes."

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Statistic 14

"55% of small business owners prefer accounting firms with cloud-based services."

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Statistic 15

"90% of big data analytics specialists work closely with accounting professionals."

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Statistic 16

"The average accounting firm in the U.S. spends 25% of its revenue on technology."

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Statistic 17

"Forensic accounting is one of the fastest-growing specializations in the industry."

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Statistic 18

"The use of blockchain in accounting can reduce auditing costs by up to 50%."

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Statistic 19

"Around 1.4 million people are employed in the U.S. accounting services industry."

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Statistic 20

"78% of businesses reported improved accounting efficiency after adopting ERP systems."

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