The global Artificial Intelligence in Accounting market is valued at USD 1.1849 billion in 2024 and is projected to reach USD 23.6 billion by 2032, growing at a CAGR of 39.4% during the forecast period of 2024-2032.
Technology
Machine Learning (ML) and Deep Learning NLP are the leading technologies in the Artificial Intelligence in Accounting market, with ML holding the largest market share.
Component
Solutions hold the largest market share in the Artificial Intelligence in Accounting market, with software tools being the most widely used component.
Deployment Mode
Cloud deployment mode is expected to witness the highest growth in the Artificial Intelligence in Accounting market, owing to its cost-effectiveness and scalability.
Enterprise Size
Large enterprises are the major adopters of Artificial Intelligence in Accounting, owing to their higher budget and resources.
Application
Automated bookkeeping is the most widely used application of Artificial Intelligence in Accounting, followed by invoice classification and approvals.
Regional Dynamics
North America holds the largest market share in the Artificial Intelligence in Accounting market, followed by Europe and Asia Pacific. However, Asia Pacific is expected to witness the highest growth during the forecast period, owing to the increasing adoption of AI in accounting in emerging economies like China and India.