The global Accounting Software market size is projected to reach US$ 22910 million by 2027, from US$ 14170 million in 2020, at a Compound Annual Growth Rate (CAGR) of 7.1% during 2021-2027. Accounting software is used to keep track of accounting activities and to manage money moving in and out of a company. The software manages account payables, account receivables, business payroll, and general ledger, among other business modules. These features are projected to promote SME adoption and, as a result, propel the accounting software industry forward. Furthermore, The rising trend of small and medium enterprises collaborating with e-commerce players and connecting with other online applications, such as automated bank feeds and automated billing capabilities, is expected to boost accounting software usage during the projected period.
Moreover, the Accounting software market is being driven by an increasing need for improved account management solutions in SME and other micro organisations, as well as an increased penetration of business accounting mobile applications to manage business functional modules.
In the accounting software market, there is a major tendency toward moving away from the conventional practise of manually maintaining financial records and toward adopting an accounting information system. Basic accounting functions like as general ledger, accounts receivable, accounts payable, payroll, and inventory used to be the centre of accounting software. CRM, supply chain management, human resource management, and dashboard and reporting systems are all now integrated with accounting software. Accounting software tracks and processes all financial transactions through functional modules like accounts payable, accounts receivable, payroll, and trial balance. It keeps track of transactions and cash flows, does calculations, and generates dashboards and reports. Accounting software is commonly used to keep track of financial transactions by both large and small firms. The accounting software industry is predicted to rise due to increased usage from both large and small organisations.
The growing demand for cloud-based accounting software is likely to generate lucrative growth possibilities for accounting software vendors. Today's finest accounting systems deliver real-time corporate visibility via easy-to-create dashboards and reports. The importance of financial aggregation, reporting, and analysis across multiple organisational entities is growing. Businesses use accounting software to keep track of their finances. As demand for cloud computing rises, end-use sectors are increasingly adopting cloud-based and accounting software, which reduces processing time and costs.
Accounting platforms are expanding their app ecosystems to include financial and business consultancy services, allowing small businesses to plug in the various tools they use to manage their organisation. From accounts payable to cash flow forecasting to audits to loan management, the human data input activity that has traditionally formed the majority of accountants' work is rapidly becoming automated through integrations. Accounting software businesses that offer the greatest variety of integrated products and services, from payments to insurance, will win the most market share in the coming years.
During the predicted period, North America is expected to increase significantly. The existence of strong and significant firms operating in accounting software across the United States, as well as government spending on accounting management systems for various public and private organisations, are projected to drive growth in the North American area.
Accounting Software Market Segment Review
The global Accounting Software market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Accounting Software market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.
The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.
Ans. The global Accounting Software market size is projected to reach US$ 22910 million by 2027, from US$ 14170 million in 2020, at a Compound Annual Growth Rate (CAGR) of 7.1% during 2021-2027.
Ans. North America is and will provide more business opportunities for accounting software in future. Government spending on accounting management systems for various public and private organization's, are projected to drive growth in the North American area.
Ans. The increasing need for better account management solutions in SME and other micro organizations, as well as increased penetration of business accounting mobile applications to manage business functional modules, are driving the Accounting software market.
Ans. The top companies operating in the accounting software market include Intuit, Sage, SAP, Oracle (NetSuite), Microsoft, Infor, Epicor, Workday, Unit4, Xero, Yonyou, Kingdee, Acclivity, FreshBooks, Intacct, Assit cornerstone, Others Players
Ans. Yes, the report includes a COVID-19 impact analysis. Also, it is further extended into every individual segment of the report.
1 Market Overview of Accounting Software
1.1 Accounting Software Market Overview
1.1.1 Accounting Software Product Scope
1.1.2 Accounting Software Market Status and Outlook
1.2 Global Accounting Software Market Size Overview by Region 2016 VS 2021VS 2027
1.3 Global Accounting Software Market Size by Region (2016-2027)
1.4 Global Accounting Software Historic Market Size by Region (2016-2021)
1.5 Global Accounting Software Market Size Forecast by Region (2022-2027)
1.6 Key Regions, Accounting Software Market Size (2016-2027)
1.6.1 North America Accounting Software Market Size (2016-2027)
1.6.2 Europe Accounting Software Market Size (2016-2027)
1.6.3 Asia-Pacific Accounting Software Market Size (2016-2027)
1.6.4 Latin America Accounting Software Market Size (2016-2027)
1.6.5 Middle East & Africa Accounting Software Market Size (2016-2027)
2 Accounting Software Market Overview by Type
2.1 Global Accounting Software Market Size by Type: 2016 VS 2021 VS 2027
2.2 Global Accounting Software Historic Market Size by Type (2016-2021)
2.3 Global Accounting Software Forecasted Market Size by Type (2022-2027)
2.4 Embedded Accounting Software Packages
2.5 Online Solutions Accounting Software
2.6 Desktop Non-Embedded Solutions Accounting Software
3 Accounting Software Market Overview by Application
3.1 Global Accounting Software Market Size by Application: 2016 VS 2021 VS 2027
3.2 Global Accounting Software Historic Market Size by Application (2016-2021)
3.3 Global Accounting Software Forecasted Market Size by Application (2022-2027)
3.4 Manufacturing
3.5 Services
3.6 Retail
4 Accounting Software Competition Analysis by Players
4.1 Global Accounting Software Market Size by Players (2016-2021)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Accounting Software as of 2020)
4.3 Date of Key Players Enter into Accounting Software Market
4.4 Global Top Players Accounting Software Headquarters and Area Served
4.5 Key Players Accounting Software Product Solution and Service
4.6 Competitive Status
4.6.1 Accounting Software Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles and Key Data
5.1 Intuit
5.1.1 Intuit Profile
5.1.2 Intuit Main Business
5.1.3 Intuit Accounting Software Products, Services and Solutions
5.1.4 Intuit Accounting Software Revenue (US$ Million) & (2016-2021)
5.1.5 Intuit Recent Developments
5.2 Sage
5.2.1 Sage Profile
5.2.2 Sage Main Business
5.2.3 Sage Accounting Software Products, Services and Solutions
5.2.4 Sage Accounting Software Revenue (US$ Million) & (2016-2021)
5.2.5 Sage Recent Developments
5.3 SAP
5.3.1 SAP Profile
5.3.2 SAP Main Business
5.3.3 SAP Accounting Software Products, Services and Solutions
5.3.4 SAP Accounting Software Revenue (US$ Million) & (2016-2021)
5.3.5 Oracle (NetSuite) Recent Developments
5.4 Oracle (NetSuite)
5.4.1 Oracle (NetSuite) Profile
5.4.2 Oracle (NetSuite) Main Business
5.4.3 Oracle (NetSuite) Accounting Software Products, Services and Solutions
5.4.4 Oracle (NetSuite) Accounting Software Revenue (US$ Million) & (2016-2021)
5.4.5 Oracle (NetSuite) Recent Developments
5.5 Microsoft
5.5.1 Microsoft Profile
5.5.2 Microsoft Main Business
5.5.3 Microsoft Accounting Software Products, Services and Solutions
5.5.4 Microsoft Accounting Software Revenue (US$ Million) & (2016-2021)
5.5.5 Microsoft Recent Developments
5.6 Infor
5.6.1 Infor Profile
5.6.2 Infor Main Business
5.6.3 Infor Accounting Software Products, Services and Solutions
5.6.4 Infor Accounting Software Revenue (US$ Million) & (2016-2021)
5.6.5 Infor Recent Developments
5.7 Epicor
5.7.1 Epicor Profile
5.7.2 Epicor Main Business
5.7.3 Epicor Accounting Software Products, Services and Solutions
5.7.4 Epicor Accounting Software Revenue (US$ Million) & (2016-2021)
5.7.5 Epicor Recent Developments
5.8 Workday
5.8.1 Workday Profile
5.8.2 Workday Main Business
5.8.3 Workday Accounting Software Products, Services and Solutions
5.8.4 Workday Accounting Software Revenue (US$ Million) & (2016-2021)
5.8.5 Workday Recent Developments
5.9 Unit4
5.9.1 Unit4 Profile
5.9.2 Unit4 Main Business
5.9.3 Unit4 Accounting Software Products, Services and Solutions
5.9.4 Unit4 Accounting Software Revenue (US$ Million) & (2016-2021)
5.9.5 Unit4 Recent Developments
5.10 Xero
5.10.1 Xero Profile
5.10.2 Xero Main Business
5.10.3 Xero Accounting Software Products, Services and Solutions
5.10.4 Xero Accounting Software Revenue (US$ Million) & (2016-2021)
5.10.5 Xero Recent Developments
5.11 Yonyou
5.11.1 Yonyou Profile
5.11.2 Yonyou Main Business
5.11.3 Yonyou Accounting Software Products, Services and Solutions
5.11.4 Yonyou Accounting Software Revenue (US$ Million) & (2016-2021)
5.11.5 Yonyou Recent Developments
5.12 Kingdee
5.12.1 Kingdee Profile
5.12.2 Kingdee Main Business
5.12.3 Kingdee Accounting Software Products, Services and Solutions
5.12.4 Kingdee Accounting Software Revenue (US$ Million) & (2016-2021)
5.12.5 Kingdee Recent Developments
5.13 Acclivity
5.13.1 Acclivity Profile
5.13.2 Acclivity Main Business
5.13.3 Acclivity Accounting Software Products, Services and Solutions
5.13.4 Acclivity Accounting Software Revenue (US$ Million) & (2016-2021)
5.13.5 Acclivity Recent Developments
5.14 FreshBooks
5.14.1 FreshBooks Profile
5.14.2 FreshBooks Main Business
5.14.3 FreshBooks Accounting Software Products, Services and Solutions
5.14.4 FreshBooks Accounting Software Revenue (US$ Million) & (2016-2021)
5.14.5 FreshBooks Recent Developments
5.15 Intacct
5.15.1 Intacct Profile
5.15.2 Intacct Main Business
5.15.3 Intacct Accounting Software Products, Services and Solutions
5.15.4 Intacct Accounting Software Revenue (US$ Million) & (2016-2021)
5.15.5 Intacct Recent Developments
5.16 Assit cornerstone
5.16.1 Assit cornerstone Profile
5.16.2 Assit cornerstone Main Business
5.16.3 Assit cornerstone Accounting Software Products, Services and Solutions
5.16.4 Assit cornerstone Accounting Software Revenue (US$ Million) & (2016-2021)
5.16.5 Assit cornerstone Recent Developments
5.17 Aplicor
5.17.1 Aplicor Profile
5.17.2 Aplicor Main Business
5.17.3 Aplicor Accounting Software Products, Services and Solutions
5.17.4 Aplicor Accounting Software Revenue (US$ Million) & (2016-2021)
5.17.5 Aplicor Recent Developments
5.18 Red wing
5.18.1 Red wing Profile
5.18.2 Red wing Main Business
5.18.3 Red wing Accounting Software Products, Services and Solutions
5.18.4 Red wing Accounting Software Revenue (US$ Million) & (2016-2021)
5.18.5 Red wing Recent Developments
5.19 Tally Solutions Pvt. Ltd.
5.19.1 Tally Solutions Pvt. Ltd. Profile
5.19.2 Tally Solutions Pvt. Ltd. Main Business
5.19.3 Tally Solutions Pvt. Ltd. Accounting Software Products, Services and Solutions
5.19.4 Tally Solutions Pvt. Ltd. Accounting Software Revenue (US$ Million) & (2016-2021)
5.19.5 Tally Solutions Pvt. Ltd. Recent Developments
6 North America
6.1 North America Accounting Software Market Size by Country (2016-2027)
6.2 United States
6.3 Canada
7 Europe
7.1 Europe Accounting Software Market Size by Country (2016-2027)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Accounting Software Market Size by Region (2016-2027)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Accounting Software Market Size by Country (2016-2027)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Accounting Software Market Size by Country (2016-2027)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Accounting Software Market Dynamics
11.1 Accounting Software Industry Trends
11.2 Accounting Software Market Drivers
11.3 Accounting Software Market Challenges
11.4 Accounting Software Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List1 Market Overview of Accounting Software
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