The global accountancy market generated total revenues of $203.2 billion in 2005, this representing a compound annual growth rate (CAGR) of 4.3% for the five-year period spanning 2001-2005, according to a new study from Datamonitor market research.
Audit proved the most lucrative segment for the global market in 2005, generating total revenues of $89.1 billion, equivalent to 43.8% of the market’s overall value.
Looking forward, the performance of the global accountancy market is forecast to accelerate, with an anticipated CAGR of 4.9%, for the five-year period 2005-2010 expected to drive the market to a value of $258.1 billion by the end of 2010.