AI In Accounting Market Growth Boosted by Integration with ERP Systems

The global AI in accounting market size is anticipated to reach USD 96,686.1 million by 2033 and is expected to expand at a CAGR of 39.6% from 2025 to 2033, according to a new report by Grand View Research, Inc. The increasing demand for automation across financial operations is expected to drive market growth.

As organizations strive to enhance efficiency and reduce manual intervention, AI technologies such as machine learning, natural language processing, and robotic process automation are integrated into accounting workflows. These innovations enable the automation of routine tasks such as data entry, invoice processing, and transaction categorization, thereby freeing professionals to focus on strategic decision-making and advisory roles.

The rising adoption of cloud-based accounting platforms is also expected to drive market growth. Cloud infrastructure offers scalability, flexibility, and real-time access to financial data, which complements the capabilities of AI systems. This synergy allows businesses to derive actionable insights from vast datasets, improve forecasting accuracy, and respond swiftly to dynamic market conditions. Moreover, integrating AI with emerging technologies such as blockchain and advanced analytics further enhances financial reporting transparency, security, and data integrity.

The growing emphasis on fraud detection and regulatory compliance is also accelerating the deployment of AI in accounting. AI algorithms are increasingly used to identify anomalies and suspicious patterns in financial transactions, helping organizations mitigate risks and adhere to stringent regulatory standards. Additionally, the shortage of skilled accounting professionals has prompted firms to adopt AI-driven solutions to maintain productivity and service quality. As client expectations evolve and the complexity of financial environments intensifies, AI is becoming indispensable in transforming traditional accounting practices into agile, data-driven operations.

Download a free sample PDF of the AI In Accounting Market Intelligence Study from Grand View Research.

AI In Accounting Market Report Highlights

• By component, solution led the market and held the largest revenue share of 67.2% in 2024.
• By technology, the machine learning and deep learning technologies dominated the market in 2024.
• By application, automated bookkeeping dominated the market in 2024 as businesses prioritize efficiency in routine financial tasks.
• North America AI in accounting dominated the global market with the largest revenue share of 37.5% in 2024, due to rising digital adoption in finance.
• The U.S. led the North America market and held the largest revenue share in 2024.

List of Key Players in the AI In Accounting Market

The market players are focusing on various strategic initiatives such as mergers, acquisitions, and collaborations. For instance, in November 2024, Intuit Inc. launched Intuit Assist for QuickBooks. This generative AI-powered assistant automates invoicing, billing, and payment reminders to streamline operations for U.S. small and mid-sized businesses. 

• Deloitte Touche Tohmatsu Limited
• Ernst & Young Global Limited
• Intuit Inc.
• KPMG International Limited
• Microsoft
• Oracle
• PricewaterhouseCoopers International Limited
• Sage Group plc
• Xero Limited
• Zoho Corporation Pvt. Ltd.