+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Global Accounting Software Market (2023-2028) by Component, Type, Deployment Mode, Enterprise Size, Industry Vertical, and Geography, Competitive Analysis, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis

  • PDF Icon


  • 197 Pages
  • January 2023
  • Region: Global
  • Infogence Global Research
  • ID: 5753687
The Global Accounting Software Market is estimated to be USD 8.7 Bn in 2023 and is expected to reach USD 12.32 Bn by 2028, growing at a CAGR of 7.20%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing the risks.

Market Segmentations

The Global Accounting Software Market is segmented based on Component, Type, Deployment Mode, Enterprise Size, Industry Vertical, and Geography.
  • By Component, the market is classified into Solutions and Services.
  • By Type, the market is classified into Commercial Accounting Software, Custom Accounting Software, Enterprise Accounting Software, and Spreadsheets.
  • By Deployment Mode, the market is classified into On-Premises and Cloud.
  • By Enterprise Size, the market is classified into Large Enterprise and SMEs.
  • By Industry Vertical, the market is classified into BFSI, Government, Healthcare, IT & Telecom, Manufacturing, Media & Entertainment, and Retail & E-Commerce.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are SAP SE, FinancialForce, Oracle Corp., Unit4 Business Software Ltd., Zoho, Corp., etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

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.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Accounting Software Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Accounting Software Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

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 an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis and the Ansoff Matrix. In addition, impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including the 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
Frequently Asked Questions about the Global Accounting Software Market

What is the estimated value of the Global Accounting Software Market?

The Global Accounting Software Market was estimated to be valued at $8.7 Billion in 2023.

What is the growth rate of the Global Accounting Software Market?

The growth rate of the Global Accounting Software Market is 7.2%, with an estimated value of $12.32 Billion by 2028.

What is the forecasted size of the Global Accounting Software Market?

The Global Accounting Software Market is estimated to be worth $12.32 Billion by 2028.

Who are the key companies in the Global Accounting Software Market?

Key companies in the Global Accounting Software Market include Acclivity Group, LLC, AccountMate Software, Corp., ADP, LLC, Deltek, Inc., Epicor Software, Corp., FinancialForce, FreshBooks, Infor, Intuit, Inc. and Microsoft, Corp..

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders

2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Analyst Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study

3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook

4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Trend of Automation in Accounting Process
4.1.2 Government Enforcement to Comply with the Standards
4.1.3 Streamline Workflows due to Automated Accounting Process
4.2 Restraints
4.2.1 Security Issues Related to Personal and Business Financial Data
4.3 Opportunities
4.3.1 Increasing Intelligent Assistants to Help Accountants with Bots and AI Capabilities
4.3.2 Rise in Investment for AI Accounting Software
4.4 Challenges
4.4.1 Challenges Associated with the BYOD Policy
4.4.2 Complications Associated with Ensuring Accounting Information

5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Impact of Economic Slowdown & Impending Recession
5.8 Ansoff Matrix Analysis

6 Global Accounting Software Market, By Component
6.1 Introduction
6.2 Solution
6.3 Services

7 Global Accounting Software Market, By Deployment Mode
7.1 Introduction
7.2 On-Premises
7.3 Cloud

8 Global Accounting Software Market, By Enterprise Size
8.1 Introduction
8.2 Large Enterprise
8.3 SMEs

9 Global Accounting Software Market, By Type
9.1 Introduction
9.2 Commercial Accounting Software
9.3 Custom Accounting Software
9.4 Enterprise Accounting Software
9.5 Spreadsheets

10 Global Accounting Software Market, By Industry Vertical
10.1 Introduction
10.2 BFSI
10.3 Government
10.4 Healthcare
10.5 IT & Telecom
10.6 Manufacturing
10.7 Media & Entertainment
10.8 Retail & E-Commerce

11 Americas' Accounting Software Market
11.1 Introduction
11.2 Argentina
11.3 Brazil
11.4 Canada
11.5 Chile
11.6 Colombia
11.7 Mexico
11.8 Peru
11.9 United States
11.10 Rest of Americas

12 Europe's Accounting Software Market
12.1 Introduction
12.2 Austria
12.3 Belgium
12.4 Denmark
12.5 Finland
12.6 France
12.7 Germany
12.8 Italy
12.9 Netherlands
12.10 Norway
12.11 Poland
12.12 Russia
12.13 Spain
12.14 Sweden
12.15 Switzerland
12.16 United Kingdom
12.17 Rest of Europe

13 Middle East and Africa's Accounting Software Market
13.1 Introduction
13.2 Egypt
13.3 Israel
13.4 Qatar
13.5 Saudi Arabia
13.6 South Africa
13.7 United Arab Emirates
13.8 Rest of MEA

14 APAC's Accounting Software Market
14.1 Introduction
14.2 Australia
14.3 Bangladesh
14.4 China
14.5 India
14.6 Indonesia
14.7 Japan
14.8 Malaysia
14.9 Philippines
14.10 Singapore
14.11 South Korea
14.12 Sri Lanka
14.13 Thailand
14.14 Taiwan
14.15 Rest of Asia-Pacific

15 Competitive Landscape
15.1 Competitive Quadrant
15.2 Market Share Analysis
15.3 Strategic Initiatives
15.3.1 M&A and Investments
15.3.2 Partnerships and Collaborations
15.3.3 Product Developments and Improvements

16 Company Profiles
16.1 Acclivity Group, LLC
16.2 AccountMate Software, Corp.
16.3 ADP, LLC
16.4 Deltek, Inc.
16.5 Epicor Software, Corp.
16.6 FinancialForce
16.7 FreshBooks
16.8 Infor
16.9 Intuit, Inc.
16.10 Microsoft, Corp.
16.11 MYOB Group
16.12 NetSuite, Inc.
16.13 Oracle Corp.
16.14 Paychex, Inc.
16.15 Priority Software, Ltd.
16.16 Reckon
16.17 Red Wing Software, Inc.
16.18 Saasu, Pty. Ltd.
16.19 Sage Group PLC
16.20 SAP SE
16.21 SYSPRO Impact Software, Inc.
16.22 Unit4 Business Software Ltd.
16.23 Xero, Ltd.
16.24 Yonyou
16.25 Zeta Software LLC
16.26 Zoho Corp.

17 Appendix
17.1 Questionnaire

Companies Mentioned

  • Acclivity Group, LLC
  • AccountMate Software, Corp.
  • ADP, LLC
  • Deltek, Inc.
  • Epicor Software, Corp.
  • FinancialForce
  • FreshBooks
  • Infor
  • Intuit, Inc.
  • Microsoft, Corp.
  • MYOB Group
  • NetSuite, Inc.
  • Oracle Corp.
  • Paychex, Inc.
  • Priority Software, Ltd.
  • Reckon
  • Red Wing Software, Inc.
  • Saasu, Pty. Ltd.
  • Sage Group PLC
  • SAP SE
  • SYSPRO Impact Software, Inc.
  • Unit4 Business Software Ltd.
  • Xero, Ltd.
  • Yonyou
  • Zeta Software LLC
  • Zoho Corp.