Global It Spending by Audit Firms 2015-2019 Key Trends, Size, Growth, Shares and Forecast Research Report

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Covering: In-depth market forecast and segmentation analysis of the global IT spending by audit firms according to services, software, and hardware. The market is further analyzed according to the geographical segmentation that outlines the market shares for APAC, Americas, and the EMEA regions. Key market players analyzed in this research report include ITACL, CaseWare, IBM, and SAP.

Market outlook of global IT spending by audit firms

Technavios market research analysts predict the global IT spending by audit firms will witness a steady growth face, reaching over USD 5 billion dollars in revenues by 2019. As audit firms continuously seek options for sustaining the highly expanding competitive environment, analytical capabilities will be a key enabler for achieving the same.

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The audit market is highly concentrated and dominated by the big four firms, including Deloitte, E&Y, KPMG, and PwC. But, mandatory auditor tendering and rotation reforms by various regulators across the globe has led to the entry of several audit firms in this market. Big Four firms are slowly losing their market share as these firms further intensify the competition. Also, audit services are highly regulated and commoditized, thereby reducing differentiation opportunities for audit firms. It is leading to the increased adoption of information technology by audit firms to provide differentiation in their offerings.

Segmentation analysis of Global IT Spending by Audit Firms by category

Services

Software

Hardware

The service segment constitutes the largest revenue contributor of the global IT spending in audit firms. This research report estimates the market recorded close to at USD 2.5 billion in revenues in 2014. It comprises professional...