DUBLIN – (COMMERCIAL THREAD)–The “India Accounting Services Market by Service Type (Tax Preparation Services, Bookkeeping Services, Payroll Services, Others), by Company, by Region, Forecast and Opportunity, Fiscal Year 2026” report was added to ResearchAndMarkets.com offer.
The Indian accounting services market is expected to grow at an impressive rate during the forecast period.
The Indian accounting services market is fueled by government initiatives creating employment opportunities in the country. This has significantly increased the labor force in the country. Moreover, the introduction of GST is further expected to create lucrative opportunities for market growth. The advent of the GST forced businesses to reshape their supply chains in order to take full advantage of the new tax structure. In addition, the Indian government will likely allow multinational companies to register as auditors, fueling the growth of the market. In addition, the Digital India and Make in India initiatives are further expected to positively influence the growth of the market in the coming years.
The Indian accounting services market is segmented on the basis of type of service, company, and region. Based on the type of services, the market can be categorized into tax preparation services, bookkeeping services, payroll services, and others. The tax preparation services segment is expected to dominate the market due to the growing number of new companies and startups in the country. Moreover, the growth of the equity market is further expected to drive the segmental growth during the forecast period. While the payroll services segment is expected to experience significant growth during the forecast period due to the increasing demand for such solutions in various companies to ensure efficient management.
The major players operating in the accounting services market are PricewaterhouseCoopers Private Limited (PWC), Deloitte Tax Services India Private Limited, KPMG India Pvt Ltd, Ernst & Young Pvt Ltd, Automatic Data Processing (ADP) India and others. Large companies are developing cutting-edge technologies and launching new services in order to remain competitive in the market. Other competitive strategies include mergers and acquisitions and the development of new services.
Years considered for this report:
Historical years: FY2016-FY2017
Reference year: fiscal year 2020
Estimated year: FY2021
Forecast period: FY2022-FY2026
Goal of the study
To analyze and estimate the market size of India Accounting Services Market from Fiscal Year 2016 to Fiscal Year 2019.
Estimate and forecast the market size of India Accounting Services market from FY2020 to FY2026 and the growth rate to FY2026.
To classify and forecast the Indian Accounting Services Market on the basis of service type, company, and regional distribution.
Identify the dominant region or segment of the Indian accounting services market.
Identify the drivers and challenges of the Indian accounting services market.
To examine competitive developments such as expansions, new product launches, mergers and acquisitions etc. in the Indian accounting services market.
Identify and analyze the profile of the major players operating in the Indian accounting services market.
To identify the key sustainable strategies adopted by market players in the Indian accounting services market.
Key topics covered
1. Accounting services: an introduction and classification
2. Research methodology
3. Impact of COVID-19 on the Indian Accounting Services Market
4. Customer Voices
5. Executive summary
6. India Accounting Services Market Outlook
6.1. Market size and forecast
6.1.1. By value
6.2. Market share and forecasts
6.2.1. By type of service (tax return preparation services, bookkeeping services, payroll services and others)
6.2.2. By company
6.2.3. By region
6.3. Product market map
7. India Accounting Services Market Outlook for Tax Preparation
7.1.1. By value
7.2. Market share and forecasts
7.2.1. By type of service (tax planning and advice)
7.2.2. By region
8. India Accounting Services Market Outlook
8.1. Market size and forecast
8.1.1. By value
8.2. Market share and forecasts
8.2.1. By type of service (billing processing services, accounts receivable services, accounts payable services, bank account reconciliation and other bookkeeping services)
8.2.2. By region
9. Market dynamics
10. Economic profile of India
11. Market trends and developments
12. Political and regulatory landscape
13. Competitive landscape
13.1. PricewaterhouseCoopers Private Limited (PWC)
13.2. Deloitte Tax Services India Private Limited
13.3. KPMG India Pvt. Ltd.
13.4. Ernst & Young Pvt. Ltd.
13.5. Automatic Data Processing (ADP) India
14. Strategic recommendations
For more information on this report, visit https://www.researchandmarkets.com/r/25mbes