The global accounting software market has witnessed unprecedented growth over the past decade and is likely to expand further during the forecast period. Mid-sized to small businesses often face an overwhelming challenge while managing their customers, accounting systems, and finance. They advanced accounting solutions have proven to improve the workflow efficiency and they have the ability to manage account payables, receivables, and general ledger. Finance-related calculations are tedious and complex, which has implored businesses to purchase such software platforms to accurately simplify calculations without the use of human intervention. Considering the aforementioned factors, small to mid-sized businesses find it mandatory to deploy accounting software for effective resource management.
Owing to the building pressure on businesses, companies are looking forward to implement legally secure and straightforward programs to drive their accounting infrastructure management. Companies have realized that traditional systems lack technological competitiveness and this is creating significant opportunities for advanced software developments. These platforms are known to effectively benefit companies by providing insights to better analyze and understand their business. During the approaching period, the user-interface (UI) of accounting platforms are anticipated to be more engaging to meet customer requirements.
Market split by service type includes embedded accounting software packages, online solutions accounting software, and desktop non-embedded solutions accounting software. Application-based categorization consists of manufacturing, services, and retail. Based on the sales channel the global market has been bifurcated into direct channel and distribution channel.
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Based on geography, the accounting software market has been segmented into North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America dominates the global market due to the huge demand for cloud computing to deliver real-time business visibility using customer dashboards and reports. The growth showcased in the North America region is majorly driven by the presence of some of the prominent industry giants in the United States.
Comprehensive analysis of the accounting software market players functioning in this industry have identified key contenders such as Intuit, Sage, SAP, Oracle (NetSuite), Microsoft, Infor, Epicor, Workday, Unit4, Xero, Yonyou, Kingdee, Acclivity, FreshBooks, Intacct, Assit cornerstone, Aplicor, Red wing, and Tally Solutions Pvt. Ltd. Companies have undertaken several expansion strategies such as partnerships, service improvements, and mergers & acquisitions of the smaller players. For instance, Infor acquired ReServe Interactive and Efficient Frontiers, Inc. in April 2019 to expand its presence in entertainment sectors, and stadiums & convention centers. Infor implemented ReServe’s cloud-based platform to improve their accounting software functionalities.
According to new report available with Radiant Insights, The global Accounting Software market was valued at $XX million in 2018, and Radiant Insights, Inc. analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028.
This report provides detailed historical analysis of global market for Accounting Software from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Accounting Software market.
Leading players of Accounting Software including:
• Intuit• Sage• SAP• Oracle (NetSuite)• Microsoft• Infor• Epicor• Workday• Unit4• Xero• Yonyou• Kingdee• Acclivity• FreshBooks• Intacct• Assit cornerstone• Aplicor• Red wing• Tally Solutions Pvt. Ltd.
Market split by Type, can be divided into:
• Embedded Accounting Software Packages• Online Solutions Accounting Software• Desktop Non-embedded Solutions Accounting Software
Market split by Application, can be divided into:
• Manufacturing• Services• Retail
Market split by Sales Channel, can be divided into:
• Direct Channel• Distribution Channel
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)• Europe (Germany, UK, France, Italy, Russia and Spain etc.)• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)• South America Brazil, Argentina, Colombia and Chile etc.)• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
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Table of Contents
Chapter 1 Accounting Software Market Overview1.1 Accounting Software Definition1.2 Global Accounting Software Market Size Status and Outlook (2013-2028)1.3 Global Accounting Software Market Size Comparison by Region (2013-2028)1.4 Global Accounting Software Market Size Comparison by Type (2013-2028)1.5 Global Accounting Software Market Size Comparison by Application (2013-2028)1.6 Global Accounting Software Market Size Comparison by Sales Channel (2013-2028)1.7 Accounting Software Market Dynamics1.7.1 Market Drivers/Opportunities1.7.2 Market Challenges/Risks1.7.3 Market News (Mergers/Acquisitions/ Expansion)
Chapter 2 Accounting Software Market Segment Analysis by Player2.1 Global Accounting Software Sales and Market Share by Player (2016-2018)2.2 Global Accounting Software Revenue and Market Share by Player (2016-2018)2.3 Global Accounting Software Average Price by Player (2016-2018)2.4 Players Competition Situation & Trends2.5 Conclusion of Segment by Player
Chapter 3 Accounting Software Market Segment Analysis by Type3.1 Global Accounting Software Market by Type3.1.1 Embedded Accounting Software Packages3.1.2 Online Solutions Accounting Software3.1.3 Desktop Non-embedded Solutions Accounting Software3.2 Global Accounting Software Sales and Market Share by Type (2013-2018)3.3 Global Accounting Software Revenue and Market Share by Type (2013-2018)3.4 Global Accounting Software Average Price by Type (2013-2018)3.5 Leading Players of Accounting Software by Type in 20183.6 Conclusion of Segment by Type
Continued…
Browse More Related Reports In Accounting Software Market:
1) Online Accounting Managemet Software Market – https://www.radiantinsights.com/research/global-online-accounting-managemet-software-market-2020-2026
2) Digital Transformation in Accounting Market – https://www.radiantinsights.com/research/global-digital-transformation-in-accounting-market-2020-2026
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