The Artificial intelligence in Accounting Market size is expected to grow at an annual average of 29% during 2021-2027. Machine translation, information extraction, report production, question answering, collecting data giving context, and determining the user’s intent are all examples of NLP applications. In the field of accounting, NLP is used in areas like as invoice categorization and interpretation, as well as contract interpretation. Major AI in accounting providers are concentrating on delivering NLP integrated solutions as contract and invoice languages and formats become more varied. NLP technology in AI in accounting is expanding at a rapid pace, owing to the improving regulatory and compliance framework for data.
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The following segmentation are covered in this report:
By Technology
- Machine Learning (ML) and Deep Learning
- NLP
By Enterprise size
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
By Application
- Automated Bookkeeping
- Invoice Classification and Approvals
- Fraud and Risk Management
- Reporting
- Others (Expense and Auditing Management, and Tax and Revenue Filing)
Company Profile
- IBM Corporation
- Google LLC
- Microsoft Corporation
- Xero
- Intuit Inc.
- Amazon Web Services
- Deloitte Touche Tohmatsu Limited
- OSP Labs
The report covers the following objectives:
- Proliferation and maturation of trade in the global Artificial intelligence in Accounting Market
- The market share of the global Artificial intelligence in Accounting Market supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Artificial intelligence in Accounting Market
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Artificial intelligence in Accounting Market
Scope of the report
The research study analyses the Artificial intelligence in Accounting Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent developments
- Market overview and growth analysis
- Import and export overview
- Volume analysis
- Current market trends and future outlook
- Market opportunistic and attractive investment segment
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Geographic coverage
- North america market size and/or volume
- Latin america market size and/or volume
- Europe market size and/or volume
- Asia-pacific market size and/or volume
- Rest of the world market size and/or volume
Key Questions Answered by Artificial intelligence in Accounting Market Report
- What was the Artificial intelligence in Accounting Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027)
- What will be the CAGR of Market during the forecast period (2021-2027)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
- Which manufacturer/vendor/players in the Artificial intelligence in Accounting Market was the market leader in 2020?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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