India accounting services market
is expected to grow at an impressive rate during the forecast period. The India
accounting services market is driven by the government initiatives creating
employment opportunities in the country.
This has drastically increased the working population in the country.
Additionally, the introduction of GST is further expected to create lucrative
opportunities for the market growth. The arrival of GST has made businesses
remodel their supply chains in order to take complete advantage of the new tax
structure. Furthermore, the government of India is likely to allow
multinational firms to register as auditors thereby fueling the market growth.
Besides, the Digital India and Make in India initiatives are further expected
to positively influence the market growth over the next few years.
The India accounting services market
is segmented based on type of services, company, and region. Based on 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 on account of the growing number of
new businesses and startups in the country. Additionally, growing equity market
is further expected to drive the segmental growth during the forecast period.
While, the payroll services segment is expected to witness significant growth
during the forecast period owing to the growing demand for such solutions
across various enterprises in order to ensure effective 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. Major companies are
developing advanced technologies and launching new services in order to stay
competitive in the market. Other competitive strategies include mergers &
acquisitions and new service developments.
Years considered for this report:
Historical Years: FY2016-FY2017
Base Year: FY2020
Estimated Year: FY2021
Forecast Period: FY2022–FY2026
Objective of the
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of service providers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the service providers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of India accounting services market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as service providers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
In this report, India accounting
services market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major
companies present in India accounting services market.
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
India accounting services market
is an upcoming report to be released soon. If you wish an early delivery of
this report or want to confirm the date of release, please contact us at [email protected]
1. Accounting Services:
An Introduction and Classification
2. Research Methodology
3. Impact of COVID-19
on India Accounting Services Market
4. Voice of Customers
5. Executive Summary
6. India Accounting
Services Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share &
6.2.1. By Type of Services
(Tax Preparation Services, Bookkeeping Services, Payroll Services & Others)
6.2.2. By Company
6.2.3. By Region
6.3. Product Market Map
7. India Tax
Preparation Accounting Services Market Outlook
7.1. Market Size &
7.1.1. By Value
7.2. Market Share &
7.2.1. By Type of Services
(Tax Planning and Consulting)
7.2.2. By Region
8. India Bookkeeping
Accounting Services Market Outlook
8.1. Market Size &
8.1.1. By Value
8.2. Market Share &
8.2.1. By Type of Services
(Invoicing Processing Services, Account Receivable Services, Accounts Payable
Services, Bank Account Reconciliation & Other Bookkeeping Services)
8.2.2. By Region
9. Market Dynamics
10. India Economic Profile
11. Market Trends & Developments
12. Policy & Regulatory Landscape
13. Competitive Landscape
Deloitte Tax Services India
KPMG India Pvt Ltd
Ernst & Young Pvt Ltd
Automatic Data Processing (ADP)
14. Strategic Recommendations
15. About Us & Disclaimer
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