Market Overview:
The global bookkeeping service provider services market is expected to grow at a CAGR of 7.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for bookkeeping services from small and medium-sized enterprises (SMEs) and the rising awareness about the benefits of outsourcing bookkeeping services. The global bookkeeping service provider services market is segmented on the basis of type, application, and region. On the basis of type, it is divided into online service and offline service. Online service accounted for a larger share in 2017 owing to its advantages such as easy accessibility, convenience, time efficiency, etc., over offline service. However, Offline Service is expected to grow at a higher CAGR during the forecast period due to its low cost as compared with online services and growing demand from SMEs in developing countries such as India and China. On the basis of application, it is classified into individual users, enterprise users (small businesses), and others (government organizations & not-for-profit organizations). The individual user segment dominated in terms of revenue contribution in 2017 owing to increased adoption by self-employed professionals or freelancers who prefer outsourcing their accounting needs instead of hiring an accountant full time or using accounting software packages available in local markets which are often expensive for small businesses/freelancers operating on tight budgets .
Product Definition:
A bookkeeping service provider is a business that provides bookkeeping services to other businesses. This includes recording financial transactions, preparing financial statements, and providing other consulting services related to accounting and finance. The importance of using a bookkeeping service provider is that it can help businesses keep track of their finances and make sure they are staying in compliance with relevant laws and regulations.
Online Service:
Online service is a set of tools and applications provided by the service provider that helps the client to carry out various accounting related tasks. The online services include software such as QuickBooks, which is used for small and medium businesses; Sage One, which provides cloud-based solutions for accounting; and Peachtree, which offers an integrated environment where clients can access their files from any location.
Offline Service:
Offline service is a method of delivering services wherein the supplier delivers the goods or provides products to the consumer at a specific location. The service provider has an office or store where consumers can go and buy products. In some cases, suppliers also have delivery vans that drop off product boxes at customers' homes, which is known as doorstep delivery (DDP).
The offline segment accounted for more than half of total revenue in 2015.
Application Insights:
The enterprise application segment accounted for the largest revenue share of over 60% in 2017. The growth is attributed to the growing use of electronic accounting and reporting solutions by large organizations across the globe. The implementation of these solutions can help small and big businesses alike reduce their time spent on paperwork, improve their cash flow management, enhance their profitability and manage resources more effectively.
The others application segment includes sole proprietorships, partnerships (general or limited), S-corporations as well as corporations that do not have a separate accounting department. These types of companies need to track financial information at a periodic basis so they can make informed decisions regarding business operations or investments. Bookkeeping services are essential for such organizations since they offer reliable data on profit & loss statements, balance sheets and income statements along with other crucial information required by owners or managers in order to take important decisions regarding business operations or investments.
Regional Analysis:
North America dominated the global market in 2017. The growth of the regional market can be attributed to the presence of a large number of small and medium enterprises (SMEs) in North America. SMEs constitute more than two-thirds of all businesses in North America, which makes them an important segment for global bookkeeping service providers to cater to. Furthermore, technological advancements such as cloud computing and digitalization have paved way for new business models across various industries within North America thereby driving demand over the forecast period.
Asia Pacific is expected to emerge as one of the fastest growing regions over the next eight years owing to increasing penetration rates coupled with rising awareness among users regarding online accounting services among individuals and enterprises within economies such as China, India, Singapore etc., thus boosting demand from these economies alone or along with other developing countries within Asia Pacific region will drive growth further over this period.
Growth Factors:
- Increasing demand for outsourcing services by small and medium-sized businesses
- Growing awareness about the benefits of bookkeeping and accounting services among business owners
- Proliferation of cloud-based bookkeeping and accounting software platforms that make it easier for businesses to manage their finances online
- Rising number of self-employed professionals who need assistance in managing their finances
- Increased focus on financial transparency and accountability among businesses
Scope Of The Report
Report Attributes
Report Details
Report Title
Bookkeeping Service Provider Services Market Research Report
By Type
Online Service, Offline Service
By Application
Individual, Enterprise, Others
By Companies
Pilot, Bench, Healy Consultants Group, AcuityCFO, Bookkeeper360, AcctTwo Shared Services, Logistis, Maxim Liberty, Richards Financial Services, Accounting to Taxes, Adelman Katz & Mond, Analytix Solutions, Advisorfi, Anderson Advisors, HRB Innovations
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Bookkeeping Service Provider Services Market Report Segments:
The global Bookkeeping Service Provider Services market is segmented on the basis of:
Types
Online Service, Offline Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Individual, Enterprise, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pilot
- Bench
- Healy Consultants Group
- AcuityCFO
- Bookkeeper360
- AcctTwo Shared Services
- Logistis
- Maxim Liberty
- Richards Financial Services
- Accounting to Taxes
- Adelman Katz & Mond
- Analytix Solutions
- Advisorfi
- Anderson Advisors
- HRB Innovations
Highlights of The Bookkeeping Service Provider Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Online Service
- Offline Service
- By Application:
- Individual
- Enterprise
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bookkeeping Service Provider Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bookkeeping service provider services are a type of business that provide accounting and bookkeeping services to clients. These businesses typically offer a variety of accounting and bookkeeping services, including the preparation of financial statements, tax returns, and budgets. They may also offer other related services such as payroll processing or estate planning.
Some of the key players operating in the bookkeeping service provider services market are Pilot, Bench, Healy Consultants Group, AcuityCFO, Bookkeeper360, AcctTwo Shared Services, Logistis, Maxim Liberty, Richards Financial Services, Accounting to Taxes, Adelman Katz & Mond, Analytix Solutions, Advisorfi, Anderson Advisors, HRB Innovations.
The bookkeeping service provider services market is expected to register a CAGR of 7.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bookkeeping Service Provider Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bookkeeping Service Provider Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bookkeeping Service Provider Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bookkeeping Service Provider Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bookkeeping Service Provider Services Market Size & Forecast, 2018-2028
4.5.1 Bookkeeping Service Provider Services Market Size and Y-o-Y Growth
4.5.2 Bookkeeping Service Provider Services Market Absolute $ Opportunity
Chapter 5 Global Bookkeeping Service Provider Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bookkeeping Service Provider Services Market Size Forecast by Type
5.2.1 Online Service
5.2.2 Offline Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bookkeeping Service Provider Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bookkeeping Service Provider Services Market Size Forecast by Applications
6.2.1 Individual
6.2.2 Enterprise
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bookkeeping Service Provider Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bookkeeping Service Provider Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bookkeeping Service Provider Services Analysis and Forecast
9.1 Introduction
9.2 North America Bookkeeping Service Provider Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bookkeeping Service Provider Services Market Size Forecast by Type
9.6.1 Online Service
9.6.2 Offline Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bookkeeping Service Provider Services Market Size Forecast by Applications
9.10.1 Individual
9.10.2 Enterprise
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bookkeeping Service Provider Services Analysis and Forecast
10.1 Introduction
10.2 Europe Bookkeeping Service Provider Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bookkeeping Service Provider Services Market Size Forecast by Type
10.6.1 Online Service
10.6.2 Offline Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bookkeeping Service Provider Services Market Size Forecast by Applications
10.10.1 Individual
10.10.2 Enterprise
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bookkeeping Service Provider Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bookkeeping Service Provider Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bookkeeping Service Provider Services Market Size Forecast by Type
11.6.1 Online Service
11.6.2 Offline Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bookkeeping Service Provider Services Market Size Forecast by Applications
11.10.1 Individual
11.10.2 Enterprise
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bookkeeping Service Provider Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Bookkeeping Service Provider Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bookkeeping Service Provider Services Market Size Forecast by Type
12.6.1 Online Service
12.6.2 Offline Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bookkeeping Service Provider Services Market Size Forecast by Applications
12.10.1 Individual
12.10.2 Enterprise
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bookkeeping Service Provider Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bookkeeping Service Provider Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bookkeeping Service Provider Services Market Size Forecast by Type
13.6.1 Online Service
13.6.2 Offline Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bookkeeping Service Provider Services Market Size Forecast by Applications
13.10.1 Individual
13.10.2 Enterprise
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bookkeeping Service Provider Services Market: Competitive Dashboard
14.2 Global Bookkeeping Service Provider Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pilot
14.3.2 Bench
14.3.3 Healy Consultants Group
14.3.4 AcuityCFO
14.3.5 Bookkeeper360
14.3.6 AcctTwo Shared Services
14.3.7 Logistis
14.3.8 Maxim Liberty
14.3.9 Richards Financial Services
14.3.10 Accounting to Taxes
14.3.11 Adelman Katz & Mond
14.3.12 Analytix Solutions
14.3.13 Advisorfi
14.3.14 Anderson Advisors
14.3.15 HRB Innovations
