Market Overview:
The global account checking software market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based and premise-based account checking software solutions by banks, enterprises, and other organizations. North America is expected to lead the global account checking software market in terms of revenue during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
Account checking software is a type of computer software that allows users to manage their account information. This type of software can help users keep track of their account balances, transactions, and other important information. Account checking software can be helpful for individuals who need to stay organized with their finances.
Cloud Based:
Cloud-based software is a type of software service that provides functionality to multiple computers and devices over the internet. It allows users to access data from any location in a hassle free manner. The major advantage offered by cloud based services is that it reduces the need for users to manage their data manually which results in lesser errors and improved efficiency.
Premise Based:
Premise based checking software is used by the banks and other financial institutions for account verification. It helps them to identify fraudulent transactions and also helps in improving customer services. The premise based software uses data that is entered manually or obtained from an external source such as a feed provider to perform the checks.
The major factors driving the global Premise Based.
Application Insights:
The banks segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growing importance of real-time visibility of transactions across multiple accounts, which are used to facilitate day-to-day business operations has led to an increased demand for GACS. The need to ensure accurate and instantaneously available information regarding transaction history, which can be used by management as a basis for making critical decisions is also driving the adoption of account checking software in banks.
Enterprise application is expected register significant growth over the forecast period owing to its ability to check more than 1000 transactions at a time with higher accuracy levels compared with other applications that are limited up tp 100 simultaneous checks or 200 maximum checks per hour respectively.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The growth is attributed to the presence of a large number of global banks that are using these software to manage their accounts globally. In addition, increasing use by small and medium enterprises (SMEs) and growing need for automation among SMEs are expected to drive demand over the forecast period.
Asia Pacific is expected to be one of the fastest-growing regions owing to increased adoption by financial institutions in this region due to regulatory changes such as Basel III framework implementation in India, which has mandated all banks worldwide have a global accountancy function or risk being penalized by regulators. Also, technological advancements coupled with increased penetration of smartphones are driving market growth across this region.
Growth Factors:
- Increasing demand for account checking software from small and medium businesses (SMBs) due to the growing need for automation of financial processes.
- The increasing trend of cloud-based deployment of account checking software, which helps organizations reduce costs and improve efficiency.
- The rising demand for mobile-based account checking software due to the growing trend of BYOD (Bring Your Own Device) in organizations.
- The increasing use of big data and analytics in account checking software to help businesses make better decisions about their finances.
Scope Of The Report
Report Attributes
Report Details
Report Title
Account Checking Software Market Research Report
By Type
Cloud Based, Premise Based,
By Application
Banks, Enterprise,
By Companies
Broadridge, AutoRek, ReconArt, SmartStream, Oracle, SS&C, Adra, BlackLine, Treasury, Xero, DataLog, Cashbook, Rimilia, Fiserv,
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Account Checking Software Market Report Segments:
The global Account Checking Software market is segmented on the basis of:
Types
Cloud Based, Premise Based,
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banks, Enterprise,
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Broadridge
- AutoRek
- ReconArt
- SmartStream
- Oracle
- SS&C
- Adra
- BlackLine
- Treasury
- Xero
- DataLog
- Cashbook
- Rimilia
- Fiserv
Highlights of The Account Checking Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Based
- Premise Based
- By Application:
- Banks
- Enterprise
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Account Checking Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Account checking software is a computer program that helps banks and other financial institutions to keep track of the activities of their customers. This includes monitoring account balances, making payments, and tracking transactions.
Some of the major players in the account checking software market are Broadridge, AutoRek, ReconArt, SmartStream, Oracle, SS&C, Adra, BlackLine, Treasury, Xero, DataLog, Cashbook, Rimilia, Fiserv.
The account checking software market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Account Checking Software Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Account Checking Software Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Account Checking Software Market - Supply Chain
4.5. Global Account Checking Software Market Forecast
4.5.1. Account Checking Software Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Account Checking Software Market Size (000 Units) and Y-o-Y Growth
4.5.3. Account Checking Software Market Absolute $ Opportunity
5. Global Account Checking Software Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Account Checking Software Market Size and Volume Forecast by Type
5.3.1. Cloud Based
5.3.2. Premise Based
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Account Checking Software Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Account Checking Software Market Size and Volume Forecast by Application
6.3.1. Banks
6.3.2. Enterprise
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Account Checking Software Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Account Checking Software Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Account Checking Software Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Account Checking Software Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Account Checking Software Demand Share Forecast, 2019-2026
9. North America Account Checking Software Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Account Checking Software Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Account Checking Software Market Size and Volume Forecast by Application
9.4.1. Banks
9.4.2. Enterprise
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Account Checking Software Market Size and Volume Forecast by Type
9.7.1. Cloud Based
9.7.2. Premise Based
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Account Checking Software Demand Share Forecast, 2019-2026
10. Latin America Account Checking Software Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Account Checking Software Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Account Checking Software Market Size and Volume Forecast by Application
10.4.1. Banks
10.4.2. Enterprise
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Account Checking Software Market Size and Volume Forecast by Type
10.7.1. Cloud Based
10.7.2. Premise Based
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Account Checking Software Demand Share Forecast, 2019-2026
11. Europe Account Checking Software Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Account Checking Software Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Account Checking Software Market Size and Volume Forecast by Application
11.4.1. Banks
11.4.2. Enterprise
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Account Checking Software Market Size and Volume Forecast by Type
11.7.1. Cloud Based
11.7.2. Premise Based
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y rowth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Account Checking Software Demand Share, 2019-2026
12. Asia Pacific Account Checking Software Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Account Checking Software Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Account Checking Software Market Size and Volume Forecast by Application
12.4.1. Banks
12.4.2. Enterprise
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Account Checking Software Market Size and Volume Forecast by Type
12.7.1. Cloud Based
12.7.2. Premise Based
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Account Checking Software Demand Share, 2019-2026
13. Middle East & Africa Account Checking Software Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Account Checking Software Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Account Checking Software Market Size and Volume Forecast by Application
13.4.1. Banks
13.4.2. Enterprise
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Account Checking Software Market Size and Volume Forecast by Type
13.7.1. Cloud Based
13.7.2. Premise Based
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Account Checking Software Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Account Checking Software Market: Market Share Analysis
14.2. Account Checking Software Distributors and Customers
14.3. Account Checking Software Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Broadridge
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. AutoRek
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ReconArt
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SmartStream
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Oracle
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SS&C
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Adra
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. BlackLine
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Treasury
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Xero
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. DataLog
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Cashbook
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Rimilia
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Fiserv
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15.
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
