Accounting Software Market By Component (Solution, Services), By Deployment Mode (On premise, Cloud), By Enterprise Size (Large Enterprises, SMEs), By Type (Spreadsheets, Commercial Accounting Software, Enterprise Accounting Software, Custom Accounting Software), By Industry Vertical (BFSI, Retail and Ecommerce, Manufacturing, IT and Telecom, Healthcare, Government and Public Sector, Energy and Utilities, Media and Entertainment, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
The accounting software is a used by accounting professionals, bookkeepers, and business owners to process accounting transactions and manage accounts. It provides a variety of benefits such as, account receivable & payable, tax compliance, cash flow analysis, trial balance, balance sheet, invoicing, income and expanses statements, and payroll. Accounting software improves corporate performance and streamline the business process. In addition, it saves money and time and allows organizations to execute multiple tasks at the same time. Furthermore, it allows efficient and fast processing of financial transaction. Moreover, it eliminates manual process and improve accuracy and productivity by reduction of approval process. Furthermore, the accounting software provides industries with flexibility and scalability to enable a smooth integration of business processes, which ultimately support the market growth.
Factor such as surg in demand for cloud-based accounting software and increase adoption of innovative technology to increases business productivity, drive the growth of the market. In addition, automation in accounting processes for providing greater efficiency by eliminating manual tasks, drive the market growth. Furthermore, increase in investment for artificial intelligence-oriented accounting software and rise in adoption of mobile and app-based accounting software, are anticipated to strengthen the market growth. However, data security & privacy concerns and maintenance & customization costs hamper the market growth.
The global accounting software market is segmented into component, deployment mode, type, organization size, industry vertical, and region. By component, the market is bifurcated into software and services. On the basis of deployment mode, it is segregated into cloud and on-premises. Depending on type, it is fragmented into spreadsheets, commercial accounting software, enterprise accounting software and custom accounting software. As per industry vertical, it is differentiated into BFSI, retail & e-commerce, manufacturing, IT & telecom, healthcare, government & public sector, energy & utilities, media & entertainment, and others. According to organization size it is categorized into small to medium enterprise (SMEs) and large-scale enterprise. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the accounting software market, include Infor Inc., Intuit, Inc., Microsoft corporation, Oracle Corporation, Sage Group Plc, SAP SE, Thomson Reuters, Xero Ltd, Zeta Software LLC and Zoho Corporation. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the accounting software market analysis from 2020 to 2030 to identify the prevailing accounting software market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the accounting software market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global accounting software market trends, key players, Accounting Software Industry segments, application areas, and market growth strategies.
Key Market Segments
By Component
Solution
Services
By Deployment Mode
On premise
Cloud
By Enterprise Size
Large Enterprises
SMEs
By Type
Spreadsheets
Commercial Accounting Software
Enterprise Accounting Software
Custom Accounting Software
By Industry Vertical
BFSI
Retail and Ecommerce
Manufacturing
IT and Telecom
Healthcare
Government and Public Sector
Energy and Utilities
Media and Entertainment
Others
By Region
North America
U.S.
Canada
Europe
United Kingdom
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
Australia
South Korea
Rest of Asia-Pacific
China
India
Japan
LAMEA
UAE
Argentina
Rest of LAMEA
Key Market Players
Infor Inc.
Intuit, Inc.
Microsoft corporation
Oracle Corporation
Sage Group Plc
Sage Group plc
SAP SE
Thomson Reuters
Xero Ltd
Zeta Software LLC
Zoho Corporation
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