UK Accounting and Financial Management Market Report 2024
The market faces a shifting landscape, driven by an evolving regulatory environment and emerging technologies.
The market faces a shifting landscape, driven by an evolving regulatory environment and emerging technologies.
This report looks at the market trends shaping the future of the UK accounting and financial management industry. Featuring market size and performance, a five year market outlook and a comprehensive overview of industry structure and competitive strategies, the report provides everything you need to stay ahead of your competition in the UK financial management market.
Despite the severe business disruption caused by the pandemic and recent economic challenges, the UK market for accounting and financial management has shown resilience. All main service sectors showed growth during 2023, except for corporate finance, which was impacted by a slowdown in M&A activity. While consultancy services continue to be a key driver for market growth, demand slowed somewhat in the last year, as clients reined in spending.
Regulation and reporting requirements are increasing rapidly, affecting many aspects of the market, including audit, tax compliance, digitalisation and ESG. Accounting firms need to stay abreast of regulatory changes, acquire skills and adapt their service offering to help clients on those fronts with the aim to become a valued advisor.
The digital transformation and rapidly emerging technologies (eg AI, automation, cloud computing) is revolutionising the way accountants work, streamlining processes, and enhancing efficiency. These advancements will enable accountants to elevate their data analytics capabilities, provide deeper insights, focus on value-added services and expand their advisory capabilities.
Purchase Mintel’s full report for a complete overview of the UK Accounting and Financial Management Industry, including a review of the competitive landscape with information on industry structure and company profiles.
This report, written by Claudia Preedy, a leading B2B analyst, delivers in-depth commentary and analysis to highlight current trends in the UK accounting and financial management market and add expert context to the numbers.
The market faces a shifting landscape, driven by an evolving regulatory environment and emerging technologies. Firms need to show agility to stay ahead of the curve.