“The Global Accounting Software Market is Estimated to be USD 13.5 Bn in 2021 and is Expected to Reach USD 20.3 Bn by 2026, Growing at a CAGR of 8.6%
”
FEATURED COMPANIES
- ADP LLC
- FinancialForce
- Microsoft Corporation
- Oracle Corporation
- Red Wing Software
- Workday Inc.
- MORE
The Global Accounting Software Market is estimated to be USD 13.5 Bn in 2021 and is expected to reach USD 20.3 Bn by 2026, growing at a CAGR of 8.6%.
Market Dynamics
Key factors such as the need for real-time reporting and tracking and automating routine accounting practices have led to the growth of the accounting software market. Another driving factor is the increasing popularity of paperless transactions which is further enhancing the scope for this market. Similarly, the rise in customized software with a focus on financial analysis and strategic planning is further accelerating the growth of the market.
However, data security issues followed by the implementation costs and maintenance costs are the major factors hindering the growth of the market.
Market Segmentation
The Global Accounting Software Market is segmented further based on Installation Type, Enterprise, Type, End-User, and Geography.
By Component, the market is classified as Software and Services. Amongst all, the software segment is estimated to hold the highest market share.
By Enterprise, the market is classified as Large, Small and medium-size business. Amongst all, the Large Enterprise is estimated to hold the highest market share during the forecast period.
By Type, the market is classified as Spreadsheets, ERP, Custom Accounting Software, and Tax Management Software. Amongst all ERP segment holds the highest market share.
By End-User, the market is classified as Banking Financial Services and Insurance (BFSI), IT and Telecommunication, Government and Public Sector, Automotive, Retail and Consumer Goods, Oil and Gas, Manufacturing, Healthcare, Construction and Real Estate, and Others (Education, Media & Entertainment, etc.). Amongst all, the BFSI segment is estimated to hold the highest market share.
By Geography, North America is projected to lead the market.
Recent Developments
1. Oracle announced the launch of Oracle Monetization Cloud. The new cloud service enabling the full life cycle of customer onboarding, creating offers, robust rating and discounting, billing, customized invoicing and reporting. - 12th November 2019
2. EasemyGST and Microsoft India announced a strategic alliance to build a cloud-based comprehensive GST compliance platform - EasemyGST that integrates with ERP, accounting systems, and spreadsheets for the launch of GST compliance solutions. - 25th May 2017
Company Profiles
Some of the companies covered in this report are SAP SE, Oracle Corporation, Microsoft Corporation, Infor Inc., EY (Ernst & Young Global Limited), Zeta Software LLC., etc.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
Market Dynamics
Key factors such as the need for real-time reporting and tracking and automating routine accounting practices have led to the growth of the accounting software market. Another driving factor is the increasing popularity of paperless transactions which is further enhancing the scope for this market. Similarly, the rise in customized software with a focus on financial analysis and strategic planning is further accelerating the growth of the market.
However, data security issues followed by the implementation costs and maintenance costs are the major factors hindering the growth of the market.
Market Segmentation
The Global Accounting Software Market is segmented further based on Installation Type, Enterprise, Type, End-User, and Geography.
By Component, the market is classified as Software and Services. Amongst all, the software segment is estimated to hold the highest market share.
By Enterprise, the market is classified as Large, Small and medium-size business. Amongst all, the Large Enterprise is estimated to hold the highest market share during the forecast period.
By Type, the market is classified as Spreadsheets, ERP, Custom Accounting Software, and Tax Management Software. Amongst all ERP segment holds the highest market share.
By End-User, the market is classified as Banking Financial Services and Insurance (BFSI), IT and Telecommunication, Government and Public Sector, Automotive, Retail and Consumer Goods, Oil and Gas, Manufacturing, Healthcare, Construction and Real Estate, and Others (Education, Media & Entertainment, etc.). Amongst all, the BFSI segment is estimated to hold the highest market share.
By Geography, North America is projected to lead the market.
Recent Developments
1. Oracle announced the launch of Oracle Monetization Cloud. The new cloud service enabling the full life cycle of customer onboarding, creating offers, robust rating and discounting, billing, customized invoicing and reporting. - 12th November 2019
2. EasemyGST and Microsoft India announced a strategic alliance to build a cloud-based comprehensive GST compliance platform - EasemyGST that integrates with ERP, accounting systems, and spreadsheets for the launch of GST compliance solutions. - 25th May 2017
Company Profiles
Some of the companies covered in this report are SAP SE, Oracle Corporation, Microsoft Corporation, Infor Inc., EY (Ernst & Young Global Limited), Zeta Software LLC., etc.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Accounting Software Market.
- The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
- The report also contains the competitive analysis using Competitive Quadrant, the analyst's proprietary competitive positioning tool.
- A complete analysis of the market, including parent industry.
- Important market dynamics and trends.
- Market segmentation.
- Historical, current, and projected size of the market based on value and volume.
- Market shares and strategies of key players.
- Recommendations to companies for strengthening their foothold in the market.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- ADP LLC
- FinancialForce
- Microsoft Corporation
- Oracle Corporation
- Red Wing Software
- Workday Inc.
- MORE
1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.3 Market Size Estimation
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
4 Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Need for real-time reporting and tracking of accounting information
4.2.1.2 Automating routine accounting practices to increase efficiency
4.2.1.3 Increasing popularity of paperless transactions
4.2.1.4 Growing adoption of financial analysis and strategic planning software
4.2.2 Restraints
4.2.2.1 Data Security Issues
4.2.2.2 Initial implementation and maintenance costs
4.2.3 Opportunities
4.2.3.1 Increasing Adoption of Cloud-based Applications
4.2.3.2 Technological advancements
4.2.4 Challenges
4.2.4.1 Low levels of awareness
4.3 Trends
5 Market Analysis
5.1 Porter’s Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6 Global Accounting Software Market, By Component
6.1 Introduction
6.2 Software
6.2.1 Cloud Based
6.2.2 On-Premise (Database Accounting, Installed Accounting)
6.3 Services
6.3.1 Managed
6.3.2 Professional
7 Global Accounting Software Market, By Enterprise
7.1 Introduction
7.2 Large
7.3 Small and Medium
8 Global Accounting Software Market, By Type
8.1 Introduction
8.2 Spreadsheets
8.3 ERP
8.4 Custom Accounting Software
8.5 Tax Management Software
9 Global Accounting Software Market, By Application
9.1 Introduction
9.2 Manufacturing Market
9.3 Retail Market
9.4 Service Market
10 Global Accounting Software Market, By End-Use Industry
10.1 Introduction
10.2 Banking Financial Services and Insurance(BFSI)
10.3 IT and Telecommunication
10.4 Government and Public Sector
10.5 Automotive
10.6 Retail and Consumer Goods
10.7 Oil and Gas
10.8 Manufacturing
10.9 Healthcare
10.10 Construction and Real Estate
10.11 Others (Education, Media & Entertainment etc.)
11 Global Accounting Software Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 South America
11.3.1 Brazil
11.3.2 Argentina
11.4 Europe
11.4.1 UK
11.4.2 France
11.4.3 Germany
11.4.4 Italy
11.4.5 Spain
11.4.6 Rest of Europe
11.5 Asia-Pacific
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Indonesia
11.5.5 Malaysia
11.5.6 South Korea
11.5.7 Australia
11.5.8 Russia
11.5.9 Rest of APAC
11.6 Rest of the World
11.6.1 Qatar
11.6.2 Saudi Arabia
11.6.3 South Africa
11.6.4 United Arab Emirates
11.6.5 Latin America
12 Competitive Landscape
12.1 Competitive Quadrant
12.2 Market Share Analysis
12.3 Competitive Scenario
12.3.1 Mergers & Acquisitions
12.3.2 Agreement, Collaborations, & Partnerships
12.3.3 New Product Launches & Enhancements
12.3.4 Investments & Funding
13 Company Profiles
13.1 Intuit Inc.
13.2 Sage Software Inc. (SWK Technologies)
13.3 SAP SE
13.4 Oracle Corporation
13.5 Microsoft Corporation
13.6 Infor Inc.(Koch Industries)
13.7 EY Global Limited
13.8 Zeta Software LLC.
13.9 Xero Ltd.
13.10 Workday Inc.
13.11 Epicor Software Corporation (CD&R)
13.12 Unit4 Business Software Limited (Exact)
13.13 Red Wing Software
13.14 Acumatica Inc (EQT Partners)
13.15 Open Systems Inc (Emerson)
13.16 Zoho Corp.
13.17 MYOB Ltd
13.18 Acclivity Group LLC (Priority Software)
13.19 Yonyou Network Technology Co. Ltd
13.20 ADP LLC
13.21 FinancialForce
13.22 Paychex Inc.
13.23 Deltek, Inc (Roper Technologies)
14 Appendix
14.1 Questionnaire
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.3 Market Size Estimation
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
4 Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Need for real-time reporting and tracking of accounting information
4.2.1.2 Automating routine accounting practices to increase efficiency
4.2.1.3 Increasing popularity of paperless transactions
4.2.1.4 Growing adoption of financial analysis and strategic planning software
4.2.2 Restraints
4.2.2.1 Data Security Issues
4.2.2.2 Initial implementation and maintenance costs
4.2.3 Opportunities
4.2.3.1 Increasing Adoption of Cloud-based Applications
4.2.3.2 Technological advancements
4.2.4 Challenges
4.2.4.1 Low levels of awareness
4.3 Trends
5 Market Analysis
5.1 Porter’s Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6 Global Accounting Software Market, By Component
6.1 Introduction
6.2 Software
6.2.1 Cloud Based
6.2.2 On-Premise (Database Accounting, Installed Accounting)
6.3 Services
6.3.1 Managed
6.3.2 Professional
7 Global Accounting Software Market, By Enterprise
7.1 Introduction
7.2 Large
7.3 Small and Medium
8 Global Accounting Software Market, By Type
8.1 Introduction
8.2 Spreadsheets
8.3 ERP
8.4 Custom Accounting Software
8.5 Tax Management Software
9 Global Accounting Software Market, By Application
9.1 Introduction
9.2 Manufacturing Market
9.3 Retail Market
9.4 Service Market
10 Global Accounting Software Market, By End-Use Industry
10.1 Introduction
10.2 Banking Financial Services and Insurance(BFSI)
10.3 IT and Telecommunication
10.4 Government and Public Sector
10.5 Automotive
10.6 Retail and Consumer Goods
10.7 Oil and Gas
10.8 Manufacturing
10.9 Healthcare
10.10 Construction and Real Estate
10.11 Others (Education, Media & Entertainment etc.)
11 Global Accounting Software Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 South America
11.3.1 Brazil
11.3.2 Argentina
11.4 Europe
11.4.1 UK
11.4.2 France
11.4.3 Germany
11.4.4 Italy
11.4.5 Spain
11.4.6 Rest of Europe
11.5 Asia-Pacific
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Indonesia
11.5.5 Malaysia
11.5.6 South Korea
11.5.7 Australia
11.5.8 Russia
11.5.9 Rest of APAC
11.6 Rest of the World
11.6.1 Qatar
11.6.2 Saudi Arabia
11.6.3 South Africa
11.6.4 United Arab Emirates
11.6.5 Latin America
12 Competitive Landscape
12.1 Competitive Quadrant
12.2 Market Share Analysis
12.3 Competitive Scenario
12.3.1 Mergers & Acquisitions
12.3.2 Agreement, Collaborations, & Partnerships
12.3.3 New Product Launches & Enhancements
12.3.4 Investments & Funding
13 Company Profiles
13.1 Intuit Inc.
13.2 Sage Software Inc. (SWK Technologies)
13.3 SAP SE
13.4 Oracle Corporation
13.5 Microsoft Corporation
13.6 Infor Inc.(Koch Industries)
13.7 EY Global Limited
13.8 Zeta Software LLC.
13.9 Xero Ltd.
13.10 Workday Inc.
13.11 Epicor Software Corporation (CD&R)
13.12 Unit4 Business Software Limited (Exact)
13.13 Red Wing Software
13.14 Acumatica Inc (EQT Partners)
13.15 Open Systems Inc (Emerson)
13.16 Zoho Corp.
13.17 MYOB Ltd
13.18 Acclivity Group LLC (Priority Software)
13.19 Yonyou Network Technology Co. Ltd
13.20 ADP LLC
13.21 FinancialForce
13.22 Paychex Inc.
13.23 Deltek, Inc (Roper Technologies)
14 Appendix
14.1 Questionnaire
Note: Product cover images may vary from those shown
- Intuit Inc.
- Sage Software Inc. (SWK Technologies)
- SAP SE
- Oracle Corporation
- Microsoft Corporation
- Infor Inc.(Koch Industries)
- EY Global Limited
- Zeta Software LLC.
- Xero Ltd.
- Workday Inc.
- Epicor Software Corporation (CD&R)
- Unit4 Business Software Limited (Exact)
- Red Wing Software
- Acumatica Inc (EQT Partners)
- Open Systems Inc (Emerson)
- Zoho Corp.
- MYOB Ltd
- Acclivity Group LLC (Priority Software)
- Yonyou Network Technology Co. Ltd
- ADP LLC
- FinancialForce
- Paychex Inc.
- Deltek, Inc (Roper Technologies)
Note: Product cover images may vary from those shown
LOADING...
