Accounting Software Market: Worldwide Industry Analysis and New Market Opportunities Explored

Global Accounting Software Market: Overview

The accounting software market report provides analysis for the period 2016–2026, wherein the period from 2018 to 2026 is the forecast and 2017 is the base year. The report covers all the major trends and technologies playing an influential role in the expansion of the market during the forecast period. It also highlights the drivers, restraints, and opportunities for the analysis of the expansion of the market during the forecast period. The study provides a complete perspective on the global accounting software market’s evolution throughout the forecast period, mentioned above, in terms of revenue (US$ Mn).

The market overview section of the report demonstrates market dynamics such as the drivers, restraints, and opportunities that influence the current nature and future status of this market, macro-economic factors, regulations and policies, ecosystem analysis, Porter’s Five Force Analysis, and PESTEL analysis of the market. Furthermore, macro-economic factors included in the report provide key regional socio-political-technological developments and their impact considerations. A market attractiveness analysis has been provided for every segment in the report, in order to provide a thorough understanding of the overall scenario in the accounting software market. The report also provides an overview of various strategies adopted by the key players present in the market.

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Global Accounting Software Market: Scope of the Report

The report segments the market on the basis of deployment, software type, application, enterprise size, and industry. In terms of deployment, the market can be divided into Software as a Service (SaaS), on-premise, and hybrid. Based on software type, the global accounting software market can be classified into commercial off-the-shelf, enterprise accounting software, custom accounting software, reconciliation, and tax management. Furthermore, based on application, the global accounting software market can be categorized into payroll management systems, billing & invoice system, enterprise resource planning systems, time & expense management systems, and others.

In terms of enterprise size, the global accounting software market can be segregated into small and medium and large enterprise. Based on industry, the accounting software market can be split into banking, financial services, and insurance, telecom and information and technology (IT), manufacturing, construction, wholesale distribution, non-profit organization, chemicals, food and beverage, and others. The report provides in-depth segment analysis of the global accounting software market, thereby providing valuable insights at the macro as well as micro levels. Additionally, the report comprises a competitive scenario and trends in which the accounting software market concentration rate and mergers & acquisitions, and expansions undertaken by companies are provided.

The report also highlights the competitive landscape of the global accounting software market, positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the accounting software market. The comprehensive accounting software market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic and technological factors along with the current market dynamics affecting the accounting software market growth.

This report provides all the essential information required to understand the key developments in the accounting software market, and growth trends of each segment and region. It also includes basic overview, sales area/geographical presence, revenue, SWOT analysis, and strategy and developments under the company profile section. Additionally, the report provides insights related to trends and their impact on the market. Furthermore, the Porter’s Five Forces analysis explains the five forces, namely, buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the accounting software market. This report also provides a comprehensive ecosystem analysis of the accounting software market. It explains the various participants including accounting vendors within the ecosystem of the market.

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Global Accounting Software Market: Research Methodology

The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary research sources such as annual reports, company websites, broker reports, financial reports, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, construction projects by region & end use industry, and industry white papers are referred.

Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the accounting software market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer first-hand information on important factors such as market trends, market size, competitive landscape, growth trends and outlook etc. These factors help validate and strengthen secondary research findings and also help develop the analysis team’s expertise and market understanding. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.

Global Accounting Software Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global accounting software market. Key players profiled in the market include Oracle (NetSuite), Sage Group Plc., Workday, Inc., Zeta Software LLC, Infor, Inc., Microsoft Corporation, SAP SE, Intuit Inc., Epicor Software Corporation, Xero Ltd., Red Wing Software Inc., Zoho Corporation, MRI Software, AccountMate Software Corporation, and Acumatica Inc.

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Pragati Pathrotkar

As one of the lead news writers on cmfenews, Pragati’s specialization lies in the science and technology domains. Her passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Pragati’s take on the impact of digital technologies across the science, technology, and business domains gives her writing a fresh and modern outlook.

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