Process Audit Services Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The process audit services market size has grown strongly in recent years. It will grow from $24.68 billion in 2024 to $26.28 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to regulatory compliance requirements, quality improvement initiatives, operational efficiency goals, risk management focus, performance measurement and benchmarking.

The process audit services market size is expected to see strong growth in the next few years. It will grow to $33.31 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rise of digital transformation initiatives, emphasis on sustainability and ESG practices, adoption of agile auditing methodologies, increasing demand for remote auditing solutions, growing focus on cybersecurity audits. Major trends in the forecast period include expansion of digital audit solutions, emergence of sustainable audit practices, agile audit methodologies adoption, remote audit services growth, focus on cybersecurity audit capabilities.

The growth of digital transformation initiatives is anticipated to drive the expansion of the process audit services market in the future. Digital transformation initiatives involve strategic efforts by organizations to utilize digital technologies, processes, and capabilities to fundamentally alter their operations, enhance value delivery to customers, and maintain competitiveness in the digital era. The increase in digital transformation initiatives is attributed to organizations’ need to adapt to rapidly changing technological environments and consumer preferences. These initiatives improve process audit services by incorporating advanced digital technologies to streamline operations, enhance data accuracy, and ensure compliance with evolving regulatory standards. For example, in January 2024, a survey conducted by International Business Machines Corporation (IBM), a US-based technology company, revealed that 42% of IT professionals in large organizations reported actively using AI, while 40% were exploring its potential. Additionally, 38% of IT professionals were actively using generative AI, and 42% were investigating its applications. Consequently, the rise of digital transformation initiatives is propelling the growth of the process audit services market.

Key players in the process audit services market are leveraging innovative digital audit platforms to bolster their profitability. Platforms such as EY Virtual Internal Auditor (EY VIA) facilitate auditing processes by providing comprehensive risk visibility across organizations, enabling data-driven decision-making, and offering insights to prioritize and predict future risks effectively. Ernst & Young Global Limited launched the EY VIA platform in July 2022, enabling organizations to respond swiftly and make informed decisions by comprehensively assessing audit risks. This platform covers all audit risks within organizations, offering deeper insights and allowing for full population testing instead of sampling, thus ensuring thorough risk assessment. It integrates data from various sources, including enterprise resource planning (ERP) systems, for continuous auditing and monitoring, while also providing automated data extraction capabilities for relevant master, transactional, and configuration data.

In September 2023, Kester Capital bolstered its market presence by acquiring GXP Engaged Auditing Services, a Germany-based accounting and auditing company specializing in process audit services. This strategic acquisition aims to enhance Kester Capital's service offerings on a broader scale, strengthening its position in the global market and augmenting its capabilities to cater to the evolving needs of organizations undergoing digital transformation initiatives.

Major companies operating in the process audit services market are Amazon.com Inc., Accenture plc, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, KPMG International Limited, Capgemini SE, BDO Global, Nexia International, Baker Tilly International, RSM International, Mazars LLP, PKF International, Grant Thornton International, Protiviti Inc., Crowe Global, Marcum LLP, Expertise Accelerated, Armanino, Mynd Solution, RKL eSolutions, SAAVHA Inc., JS Morlu LLC, Ermetic, Meru Accounting.

North America was the largest region in the process audit services market in 2024. The regions covered in the process audit services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the process audit services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The process audit services market includes revenues earned by entities by providing services such as process evaluation, compliance audits, risk assessment, internal control reviews, and documentation and reporting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Process audit services involve the systematic evaluation of organizational processes to gauge effectiveness, efficiency, adherence to standards, and alignment with strategic goals. Conducted by internal or external auditors, these assessments aim to pinpoint areas for enhancement and ensure processes operate as intended.

The primary types of process audit services include series and parallel audits. Series audits entail a methodical examination of business operations to verify compliance with established standards and controls. These audits address various applications, including individual and public processes, and serve diverse end-users such as banking and financial services, government entities, manufacturing firms, healthcare organizations, retail and consumer businesses, and information technology and communications sectors.

The process audit services market research report is one of a series of new reports that provides process audit services market statistics, including process audit services industry global market size, regional shares, competitors with a process audit services market share, detailed process audit services market segments, market trends and opportunities, and any further data you may need to thrive in the process audit services industry. This process audit services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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