Artificial Intelligence in Accounting Market: Transforming Tax Preparation with AI

Artificial Intelligence in Accounting market has witnessed exponential growth, propelled by escalating environmental concerns, governmental initiatives, and technological advancements. This growth trend is forecasted to continue, with the market projected to surge from US$ 444.2 million in 2023 to US$ 2675.3 million by 2030, marking a notable CAGR of 28.8%.

Factors Affecting The Growth

Governments worldwide recognize the strategic significance of AI, thus introducing policies and ramping up investments to bolster AI companies. For instance, the European Union's Digital Europe plan earmarks €9.2 billion for high-tech investments, including AI. Similarly, the United States is set to augment its AI research and development investment to maintain its leadership position.

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