India Accounting Services Market Size, Share, Forecast, 2033

India Accounting Services Market Size, Share, Trends and Forecast by Type of Service, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A32572

India Accounting Services Market Overview:

The India accounting services market size reached USD 25.76 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 65.10 Billion by 2033, exhibiting a growth rate (CAGR) of 10.17% during 2025-2033. The growing compliance needs under evolving tax regulations like GST, the rising number of startups and SMEs requiring professional bookkeeping, the digital transformation of financial operations, and the increasing demand for cost-effective outsourced accounting solutions are among the key factors driving the market growth.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 25.76 Billion
Market Forecast in 2033	USD 65.10 Billion
Market Growth Rate 2025-2033	10.17%

India Accounting Services Market Trends:

Digital Transformation and Adoption of Advanced Technologies

India’s accounting services industry is undergoing a major digital shift, fueled by the adoption of advanced technologies like Artificial Intelligence (AI), Machine Learning (ML), and blockchain. These innovations are streamlining routine processes, minimizing human error, and delivering more accurate and actionable financial insights. A key driver of this shift is the increasing adoption of cloud-based accounting platforms, especially among Small and Medium Enterprises (SMEs), due to their real-time monitoring capabilities, scalability, and cost efficiency. AI and ML are further enhancing the scope of services by enabling predictive analytics, automated compliance, and strategic financial planning, allowing firms to offer high-value solutions like financial forecasting and risk assessment. At the same time, the growing importance of data security and regulatory compliance, particularly with frameworks such as GST, has spurred the use of blockchain for maintaining secure, transparent, and immutable financial records. Altogether, this wave of digital innovation is not only boosting operational efficiency but also positioning Indian accounting firms to better serve evolving client demands in a competitive market.

India Accounting Services Market Size

Growth of Finance and Accounting Business Process Outsourcing (BPO)

India has emerged as a leading global hub for Finance and Accounting Business Process Outsourcing (BPO), driven by its skilled talent pool, cost competitiveness, and technological capabilities. As financial regulations become increasingly complex, global enterprises are turning to India to streamline their accounting operations efficiently. India’s BPO industry, comprising over 5,169 registered firms and employing more than four million professionals, is projected to grow rapidly in the near-term. A key factor behind this growth is the significant cost advantage India offers, making it a preferred destination for outsourcing accounting tasks. The country's large base of English-speaking professionals, well-versed in international accounting standards, adds to its global appeal. Additionally, the integration of advanced technologies like AI and automation in BPO services has enhanced accuracy and efficiency. Indian firms are also expanding their service portfolios to include specialized functions such as tax preparation, payroll management, and financial analysis, further boosting demand. Altogether, these factors are driving robust growth in India’s accounting services market.

India Accounting Services Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on type of service.

Type of Service Insights:

Tax Preparation Services
Bookkeeping Services
Payroll Services
Others

The report has provided a detailed breakup and analysis of the market based on the type of service. This includes tax preparation services, bookkeeping services, payroll services, and others.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Accounting Services Market News:

November 2024: Entigrity and MYCPE announced a merger to become MYCPE ONE, a comprehensive suite of products for Indian accounting professionals. MYCPE ONE will provide access to the worldwide accounting industry and learning resources, such as outsourcing, captives, mergers and acquisitions consulting, technology, cybersecurity, and managed IT services.
July 2024: UK-based RSM announced that it would quadruple its India staff to 5,000 over the next three years, focusing on expanding accounting services such as consulting, audit, and tax.

India Accounting Services Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type of Service Region
Types of Services Covered	Tax Preparation Services, Bookkeeping Services, Payroll Services, Others
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India accounting services market performed so far and how will it perform in the coming years?
What is the breakup of the India accounting services market on the basis of type of service?
What are the various stages in the value chain of the India accounting services market?
What are the key driving factors and challenges in the India accounting services?
What is the structure of the India accounting services market and who are the key players?
What is the degree of competition in the India accounting services market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India accounting services market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India accounting services market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India accounting services industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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