Product Code: ETC4397921 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The UAE artificial intelligence in accounting market is at the forefront of digital transformation in the financial sector. AI technologies are being integrated into accounting processes to automate repetitive tasks, improve accuracy, and enhance fraud detection. With the UAE thriving financial services industry and its focus on innovation, the adoption of AI in accounting has been rapid. Businesses and financial institutions in the UAE are leveraging AI to streamline financial reporting, reduce human errors, and gain deeper insights from financial data. As regulatory requirements evolve and the need for data-driven financial decisions grows, the artificial intelligence in accounting market in the UAE is expected to continue its upward trajectory.
The UAE artificial intelligence in accounting market is witnessing strong growth due to the growing complexity of financial processes in the country. The integration of AI into accounting and financial management is streamlining tasks such as data entry, reconciliation, and financial analysis. Moreover, regulatory compliance requirements are becoming more stringent, making AI-driven solutions an attractive option for ensuring accuracy and adherence to accounting standards. Businesses in the UAE are adopting AI in accounting to enhance efficiency, reduce errors, and free up financial professionals for more strategic tasks.
Challenges include skepticism regarding the adoption of AI in accounting practices due to concerns about accuracy, reliability, and ethics. Integrating AI into existing accounting systems and workflows while ensuring compliance with regulatory standards poses significant obstacles. Additionally, the need for explainable AI solutions in accounting remains a challenge.
The Artificial Intelligence in Accounting market in the UAE saw substantial changes during the COVID-19 crisis. With an emphasis on automation and efficiency in accounting processes, there was increased demand for AI-driven accounting solutions. Companies turned to these technologies for streamlined financial processes, leading to market adjustments.
The integration of AI in accounting processes is transforming financial operations in the UAE, with key players such as Xero, Sage, and UiPath leading the Artificial Intelligence in Accounting Market. These companies offer solutions that automate routine accounting tasks, enhance accuracy, and provide valuable insights, contributing to the efficiency of financial management in the UAE.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenues & Volume, 2021 & 2031F |
3.3 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenues & Volume Share, By Application , 2021 & 2031F |
3.6 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.7 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenues & Volume Share, By Deployment Mode, 2021 & 2031F |
3.9 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenues & Volume Share, By Enterprise Size, 2021 & 2031F |
4 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Trends |
6 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market, By Types |
6.1 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenues & Volume, By Application , 2021-2031F |
6.1.3 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenues & Volume, By Automated Bookkeeping, 2021-2031F |
6.1.4 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenues & Volume, By Invoice Classification and Approvals, 2021-2031F |
6.1.5 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenues & Volume, By Fraud and Risk Management, 2021-2031F |
6.1.6 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenues & Volume, By Reporting, 2021-2031F |
6.1.7 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenues & Volume, By Others, 2021-2031F |
6.2 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenues & Volume, By Solutions , 2021-2031F |
6.2.3 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenues & Volume, By Services, 2021-2031F |
6.3 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenues & Volume, By Machine Learning (ML) and Deep Learning, 2021-2031F |
6.3.3 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenues & Volume, By NLP, 2021-2031F |
6.4 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market, By Deployment Mode |
6.4.1 Overview and Analysis |
6.4.2 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenues & Volume, By On-premises, 2021-2031F |
6.4.3 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenues & Volume, By Cloud, 2021-2031F |
6.5 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market, By Enterprise Size |
6.5.1 Overview and Analysis |
6.5.2 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenues & Volume, By Large Enterprises, 2021-2031F |
6.5.3 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenues & Volume, By Small and Medium-Sized Enterprises (SMEs), 2021-2031F |
7 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Imports from Major Countries |
8 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Key Performance Indicators |
9 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Opportunity Assessment, By Application , 2021 & 2031F |
9.2 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Opportunity Assessment, By Component , 2021 & 2031F |
9.3 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.4 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Opportunity Assessment, By Deployment Mode, 2021 & 2031F |
9.5 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Opportunity Assessment, By Enterprise Size, 2021 & 2031F |
10 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Revenue Share, By Companies, 2024 |
10.2 United Arab Emirates (UAE) Artificial Intelligence in Accounting Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |