AI in Accounting Market 2025-2029: Key Investment Opportunities for Automated Data Entry, Forecasting & Predictive Analytics, Invoice Classification & Processing, Fraud Detection and Other Applications
Dublin, Aug. 18, 2025 (GLOBE NEWSWIRE) -- The "AI in Accounting Market 2025-2029" has been added to ResearchAndMarkets.com's offering.
The AI in accounting market is projected to experience remarkable growth, with a forecasted increase of USD 16 billion from 2024 to 2029, expanding at a CAGR of 42.9% during this period. This comprehensive analysis delves into market size, trends, growth drivers, challenges, and vendor assessments, evaluating around 25 key industry players, thus providing a holistic perspective on the market dynamics.
Driven by a surge in demand for automation and enhanced operational efficiency, the AI in accounting sector is poised for significant advancements. Other catalysts fueling this growth include improved fraud detection mechanisms, proactive risk management capabilities, and a growing emphasis on data analytics for strategic business insights.
The study highlights the critical role of operational efficiency and automation demand as key growth facilitators in the AI in accounting market. Furthermore, the rise of cloud-based platforms, coupled with a strategic insight-driven approach, is expected to bolster market demand significantly.
The market's robust expansion is grounded in a meticulous mix of primary and secondary data, including valuable contributions from industry experts.
AI in Accounting Market Segmentation
By Component:
Software
Services
By Technology:
Machine learning
Robotic process automation
NLP
Computer vision
Others
By Application:
Automated data entry
Forecasting and predictive analytics
Invoice classification and processing
Fraud detection
Others
By Deployment:
Cloud-based
On-premises
By Geographical Landscape:
North America
Europe
APAC
South America
Middle East and Africa
Report Coverage Highlights:
AI In Accounting Market sizing
AI In Accounting Market forecast
AI In Accounting Market industry analysis
The report not only comprehensively covers market dimensions but also features an extensive vendor analysis aimed at helping clients bolster their market position. Prominent players such as AppZen Inc., BlackLine Inc., Botkeeper Inc., Deloitte Touche Tohmatsu Ltd., and Intuit Inc., among others, are scrutinized for their strategies and offerings.
A selection of companies mentioned in this report includes, but is not limited to:
AppZen Inc.
BlackLine Inc.
Botkeeper Inc.
CanopyTax Inc.
Chata Technologies Inc.
Deloitte Touche Tohmatsu Ltd.
Dext Software Ltd
FloQast Inc.
FreshBooks
Intuit Inc.
KPMG International Ltd.
MindBridge Analytics Inc.
OneUp
PricewaterhouseCoopers LLP
Sage Group PLC
Veryfi Inc.
Vic.ai Inc.
Xero Ltd.
Zoho Corp. Pvt. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/gythdc
About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
14 minutes ago
- Yahoo
Nearly 90% of videogame developers use AI agents, Google study shows
By Zaheer Kachwala (Reuters) -A Google Cloud survey showed that 87% of videogame developers are using artificial intelligence agents to streamline and automate tasks, as the industry focuses on optimizing costs following a wave of record layoffs. Most of the respondents in the report, published on Monday, said AI was helping automate cumbersome and repetitive tasks, freeing developers to focus on more creative concerns. Gaming publishers have turned to AI to deal with the industry-wide challenge of ballooning development costs and elongated creation cycles stemming from high fan expectations and intense competition. The study, conducted by Google and The Harris Poll, surveyed 615 game developers in the U.S., South Korea, Norway, Finland, and Sweden in late June and early July. Around 44% of developers use agents to optimize content and process information such as text, voice, code, audio and video rapidly, enabling them to exercise autonomy and make decisions, the study showed. But the use of AI in videogames is a highly contentious topic, with many within the industry concerned over potential job losses, intellectual property disputes and lower pay. Last year, Hollywood's videogame performers went on strike over AI and pay issues, while studios shut down and more than 10,000 people lost their jobs. The industry is expected to gain momentum this year and the next, with the launch of premium titles and new consoles seen to boost spending. According to the survey, 94% of developers expect AI to reduce overall development costs in the long term. That, even as roughly one in four developers find it challenging to precisely measure the return on investment of their AI implementations, while costs associated with integrating the technology are also high. Around 63% of those surveyed expressed concerns over data ownership as the legality around licensing and who exactly owns AI-generated content remains unclear. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 minutes ago
- Yahoo
Finsbury Food Group buys majority stake in Lola's Cupcakes
UK bakery manufacturer Finsbury Food Group has acquired a 70% stake in direct-to-consumer business Lola's Cupcakes for an undisclosed sum. Finsbury Food Group, which supplies bakery products to retailers and foodservice customers, said the acquisition was part of a strategy to make "targeted investments in innovative, high-growth segments" of the market. Lola's Cupcakes sells cakes and brownies through its own stores and via the DTC channel. E-commerce accounts for around half of the company's sales, with the business using 45 kiosks and collection lockers. In 2024, Lola's Cupcakes generated a turnover of £26.2m ($35.5m), up from £24.9m a year earlier. The company's profit after tax was £1.6m compared to just under £610,000 in 2023. The business employs around 400 people, operating from a facility in north London. John Duffy, the CEO of Finsbury Food Group said described the deal as "an exciting milestone" for the company. He added: 'It represents another step forward in Finsbury's acquisition journey as a buy-and-build business, allowing us to enter the direct-to-consumer market for the first time. 'Lola's is an entrepreneurial and much-loved UK brand with a strong digital presence, and together, we see significant potential for growth and innovation across both Finsbury and Lola's.' Lola's Cupcakes will continue to be led by managing director Asher Budwig, who said: 'With Finsbury's expertise in manufacturing, and the broader support of the group, I'm confident we can take Lola's to exciting new heights by building on what we've already achieved and exploring new opportunities together.' Finsbury was sold to Isle of Man-based asset manager DBAY Advisors two years ago eight months after the baker had snapped up UK cake maker Lees Foods. "Finsbury Food Group buys majority stake in Lola's Cupcakes" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
14 minutes ago
- Yahoo
Germany awards 2.27GW in solar tender round
Germany's Federal Network Agency has selected 258 projects with a combined capacity of 2,271MW in its latest ground-mounted solar tender round. The awarded values were significantly below the established maximum price, indicating robust competition in the sector, and Federal Network Agency president Klaus Mueller commented: "Competition is still keeping award prices well below the price ceiling." The latest round of tenders, aimed at ground-mounted systems and solar installations on non-building structures, was oversubscribed, with the agency seeking to support projects totalling 2,266MW. By the deadline of 1 July 2025, the agency had received 313 bids with a combined volume of 2,820MW. The successful bids were priced between €0.04 per kilowatt hour (kWh) and €0.0626 per kWh. The average volume-weighted award value stood at €0.0484 per kWh, which, while slightly above the previous tender's average of €0.0466 per kWh, remained well under the price cap of €0.068 per kWh. Regionally, Bavaria led with 106 winning projects and a combined capacity of 689MW. It was followed by Rhineland-Palatinate with 23 successful bids for 251MW, and Lower Saxony with 18 awards totalling 250MW. The earlier tender round had seen the awarding of contracts for 271 projects with a capacity of 2,638MW. In mid August 2025, Germany's solar industry raised concerns over a proposal by Economy Minister Katherina Reiche to end feed-in subsidies for new small-scale rooftop photovoltaic systems. Germany experienced a notable rise in energy consumption during the first half of 2025. Energy usage in Europe's largest economy reached 187.3 million tonnes of coal equivalent, a 2.3% rise from 183.1 million during the same period in 2024, according to a report released by the industry statistics group AG Energiebilanzen. "Germany awards 2.27GW in solar tender round" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
