Global Accounting, BMS, Payroll and HCM Software Market Growth (Status and Outlook) 2023-2029

Global Accounting, BMS, Payroll and HCM Software Market Growth (Status and Outlook) 2023-2029

Accounting software is a foundational technology for many companies, and as a business grows having a powerful, effective accounting solution becomes increasingly critical. Most accounting software packages offer the same basic features necessary for managing finances: accounts receivable, accounts payable, general ledger, billing and invoicing, purchase and sales orders, and reporting. Beyond basic functionality, the top accounting solutions offer additional features to give users more power, flexibility and customization. Oftentimes accounting solutions are closely integrated with other key software solutions.

Business Management Software (BMS) is a broad classification for several integrated applications that help run a business. In this report, Business Management Software (BMS) includes ERP. Enterprise resource planning (ERP) is the integrated management of core business processes, often in real-time and mediated by software and technology.

Human capital management (HCM) is the comprehensive set of practices for recruiting, managing, developing and optimizing the human resources of an organization. HCM has come to be nearly synonymous with the human resources (HR) function in organizations. In HR technology, the comprehensive software systems for managing HR processes differ little from HCM suites.

Payroll software is a system that automates and streamlines the process of paying a company’s employees. It may sound straightforward, but the payroll process includes a lot of tasks such as calculating deductions and withholdings, producing pay slips and tax forms (and other reports), processing or depositing payment directly to employee’s bank account, voiding payments if need be, and even printing checks. Payroll software simplifies and automates the aforementioned tasks to shorten cycle times and reduce manual errors.

LPI (LP Information)' newest research report, the “Accounting, BMS, Payroll and HCM Software Industry Forecast” looks at past sales and reviews total world Accounting, BMS, Payroll and HCM Software sales in 2022, providing a comprehensive analysis by region and market sector of projected Accounting, BMS, Payroll and HCM Software sales for 2023 through 2029. With Accounting, BMS, Payroll and HCM Software sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Accounting, BMS, Payroll and HCM Software industry.

This Insight Report provides a comprehensive analysis of the global Accounting, BMS, Payroll and HCM Software landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Accounting, BMS, Payroll and HCM Software portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Accounting, BMS, Payroll and HCM Software market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Accounting, BMS, Payroll and HCM Software and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Accounting, BMS, Payroll and HCM Software.

The global Accounting, BMS, Payroll and HCM Software market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

In the Middle East and Africa region, the major players in accounting, BMS, compensation and human capital management software are SAP, Oracle(NetSuite), Automatic Data Processing,Inc., Pachex, Microsoft, Intuit, Sage, Workday and IBM Corporation.

This report presents a comprehensive overview, market shares, and growth opportunities of Accounting, BMS, Payroll and HCM Software market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
HCM Software
Accounting Software
Payroll Software
BMS Software

Segmentation by application
SSB
SMB
Enterprise

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
SAP
Oracle(NetSuite)
Automatic Data Processing,Inc.
Pachex
Microsoft
Intuit
Sage
Workday
IBM Corporation
Infor
Kronos
Yonyou
Epicor
Unit4
Xero

Please note: The report will take approximately 2 business days to prepare and deliver.