Artificial Intelligence in Accounting Market Share, Growth Prospects and Key Opportunities by 2024
According to a research report " Artificial Intelligence in Accounting Market Growth by Component, Deployment Mode, Technology, Enterprise Size, Application (Automated Bookkeeping, Fraud and Risk Management, and Invoice Classification and Approvals), and Region - Global Forecast to 2024" , published by MarketsandMarkets, the Artificial Intelligence (AI) in accounting market is expected to grow from USD 666 million in 2019 to USD 4,791 million by 2024, at a Compound Annual Growth Rate (CAGR) of 48.4% during the forecast period. The major factors driving the growth of AI in accounting market include the growing need to automate accounting processes and the need for enhanced data-based advisory and decision making. Services segment to grow at a higher CAGR during the forecast period The AI in accounting market has been segmented based on components into 2 categories: solutions and services. The solutions segment is estimated to hold a larger market size, which is ...