Accounting Software Market Size to Reach USD 22910 Million by 2027 at CAGR 7.1% - Valuates Reports

BANGALORE, India, Oct. 6, 2021 /PRNewswire/ -- The Accounting Software Market is Segmented by Type (Embedded Accounting Software Packages, Online Solutions Accounting Software, Desktop Non-Embedded Solutions Accounting Software), Application (Manufacturing, Services, Retail). The report covers global opportunity analysis and industry forecasts from 2021 to 2027. It is published in Valuates Reports under Accounting & Auditing Category.

The global Accounting Software market size is projected to reach USD 22910 Million by 2027, from USD 14170 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period  2021 to 2027.

Major Factors Driving The Growth Of The Accounting Software Market Are:

Accounting software is used to keep track of accounting activities or handle money coming in and out of an organization. Account payables, account receivables, business payroll, and general ledger, among other business modules, are all managed using the software. These features are in turn expected to increase the adoption among SMEs and thereby drive the growth of the accounting software market. 

During the forecast period, the growing tendency of small and medium businesses working with e-commerce players and integrating with other online applications, such as automated bank feeds and automated billing capabilities, is likely to increase accounting software adoption. 

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 industry growth.

Get your sample today: https://reports.valuates.com/request/sample/QYRE-Othe-4U439/Accounting_Software_Market

Trends Influencing The Growth Of The Accounting Software Market

The ongoing move from the traditional method of manually maintaining financial records to using an accounting information system is a significant trend in the accounting software market. Accounting software used to be focused on basic accounting functions including general ledger, accounts receivable, accounts payable, payroll, and inventory. Accounting software now integrates with CRM, supply chain management, human resource management, and dashboard and reporting systems. Accounting software processes and records all financial activities in functional modules such as accounts payable, accounts receivable, payroll, and trial balance. It keeps track of transactions, cash flows, does computations and provides dashboards and reports in the same way. Accounting software is widely used by both large and small businesses to keep track of financial transactions. Increasing adoption from both large and small businesses is expected to drive the growth of the accounting software market. 

Increasing Demand for Cloud-Based Accounting Software is expected to provide lucrative growth opportunities for the player in the accounting software market. Today's leading accounting solutions provide real-time business visibility through dashboards and reports that are simple to build. Financial aggregation, reporting, and analysis across numerous corporate units are becoming increasingly important. Accounting software is being used by businesses to manage their finances. The end-use sectors are progressively embracing cloud-based and accounting software as demand for cloud computing grows, as it saves processing time and costs.

Accounting platforms are going beyond accounting to become marketplaces for financial and business consulting services, with extensive and expanding app ecosystems that allow small businesses to plug in the other products they use to run their firm. The manual data input task that traditionally constituted the majority of accountants' work is steadily becoming automated through integrations, from accounts payable to cash flow forecasting to audits to loan management. Over the next few years, accounting software companies with the broadest range of integrated products and services, from payments to insurance, will gain the most market share.

Browse the Table of Contents and List of figures at: https://reports.valuates.com/reports/QYRE-Othe-4U439/accounting-software

Accounting Software Market Share Analysis

North America is expected to witness significant growth during the forecast period. The presence of strong and prominent players operating in accounting software across the United States, as well as spending by the United States government for the provision of accounting management systems in various public and private organizations, are likely to drive growth in the North American region.

Report Customization Request: https://reports.valuates.com/request/customisation/QYRE-Othe-4U439/Accounting_Software_Market

Leading Players in the Accounting Software Industry

• 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

Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Othe-4U439&lic=single-user

Buy Now for Enterprise License + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Othe-4U439&lic=enterprise-license

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS 

-  Tax and Accounting Software Market contains segmentation By Type (Web-Based, Installed, iOS, Android), By Application (Personal Use, General Company, Listed Company, Government, Other) and Regional

-  The global Cloud Accounting Software market size is projected to reach USD 4851.1 Million by 2027, from USD 3184 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 6.2% during 2021-2027.

-  The global Lease Accounting Software market size is projected to reach USD 1743.9 Million by 2027, from USD 620.8 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 15.9% during 2021-2027.

-  The global Online Accounting Software market size is projected to reach USD 5252.3 Million by 2027, from USD 3165.9 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 7.5% during 2021-2027.

-  Trades Accounting Software Market contains segmentation By Type (Cloud-based, On-premises), By Application (Small and Medium Enterprises (SMEs), Large Enterprises) and Regional

-  Cost Accounting Software Market contains segmentation By Type (Food Cost Accounting software, Job Cost Accounting Software, Others), By Application (Engineering Company, Canteen, Accounting Firm, Others) and Regional

-  Custom Accounting Software Market contains segmentation By Type (Cloud-Based, Web-Based), By Application (Business Enterprise, Government Department, Educational Institutions, Other) and Regional

-  Fund Accounting Software Market contains segmentation By Type (Cloud Based, On-Premise), By Application (Large Enterprises, SMEs) and Regional

-  Education Finance and Accounting Software Market contains segmentation By Type (Cloud Based, On-Premise), By Application (K-12 Schools, Higher Education School) and Regional

-  The global Cloud Billing market size is projected to reach USD 20690 Million by 2027, from USD 8418.2 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 13.6% during 2021-2027.

-  Dealership Accounting Software Market contains segmentation By Type (Cloud Based, On-Premise), By Application (Small and Medium Enterprises (SMEs), Large Enterprises) and Regional

-  Medical Accounting Software Market contains segmentation By Type (Cloud Based, On-Premise), By Application (Small and Medium Enterprises (SMEs), Large Enterprises) and Regional

To see the full list of related reports on the Accounting Software

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs. 

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

CONTACT US:

Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call  +1-(315)-215-3225
For IST Call  +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Follow on Twitter - https://twitter.com/valuatesreports
Follow on Linkedin - https://in.linkedin.com/company/valuatesreports
Follow on Facebook - https://www.facebook.com/valuatesreports

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg