The global accounting software market is expected to grow at a CAGR of 7.2% during the forecast period, from 2021 to 2030. The growth of this market is driven by the increasing demand for cloud-based accounting software solutions and the need for automation in various industries.
Embedded Accounting Software Packages: The embedded accounting software packages segment accounted for over 50% share of the global market in 2018 and is expected to maintain its dominance throughout the forecast period. This segment includes accounting software that is integrated with other business applications such as ERP, CRM, or HRMS systems. These packages are typically used by small and medium-sized enterprises (SMEs) that do not have their own IT department or prefer not to use an online solution due to security concerns.
Online Solutions Accounting Software: Online solutions accounted for over 30% share of the global market in 2018 and are expected to grow at a CAGR of 8% during the forecast period, from 2021 to 2030. This segment includes cloud-based accounting software that can be accessed through a web browser on any device with an internet connection without installing any additional hardware or application on it. Online solutions are typically used by SMEs due to their low cost and ease of use; however, they may lack some features offered by desktop noembedded solutions such as data backup options or integration with other business applications like ERP systems which may be required by larger enterprises (LEs) Desktop Noembedded Solutions Accounting Software: Desktop noembedded solutions accounted for less than 10% share of the global market in 2018 but are expected grow at a CAGR of 9%, from 2021 to 2030 due primarily because they offer more features than online solutions while still being cheaper than embedded options which makes them suitable for LEs who want more control over their data security but do not have an IT department available internally or externally who can manage it themselves.
Some Of The Growth Factors Of This Market:
- The accounting software market is growing due to the increasing number of small businesses in the world.
- The accounting software market is growing due to the increased need for automation and efficiency in business operations.
- The accounting software market is growing due to the increased need for transparency and accountability in business operations, which can be achieved through better data management and reporting capabilities of accounting software solutions.
- The accounting software market is growing due to the increased demand for cloud-based solutions that are more cost-effective than on-premise solutions, as well as more flexible than traditional on-premise solutions, which require a large upfront investment before they can be used by a company's employees or customers.
Industry Growth Insights published a new data on “Accounting Software Market”. The research report is titled “Accounting Software Market research by Types (Embedded Accounting Software Packages, Online Solutions Accounting Software, Desktop Non-embedded Solutions Accounting Software), By Applications (Manufacturing, Services, Retail, ), By Players/Companies 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., ”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Accounting Software Market Research Report
By Type
Embedded Accounting Software Packages, Online Solutions Accounting Software, Desktop Non-embedded Solutions Accounting Software
By Application
Manufacturing, Services, Retail,
By Companies
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.,
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Accounting Software Market Report Segments:
The global Accounting Software market is segmented on the basis of:
Types
Embedded Accounting Software Packages, Online Solutions Accounting Software, Desktop Non-embedded Solutions Accounting Software
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
Manufacturing, Services, Retail,
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:
- 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.
Highlights of The Accounting 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:
- Embedded Accounting Software Packages
- Online Solutions Accounting Software
- Desktop Non-embedded Solutions Accounting Software
- By Application:
- Manufacturing
- Services
- Retail
- 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 Accounting 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.
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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?
Accounting software is a computer application used to manage financial transactions and records. It includes features such as accounting data entry, calculation, reporting, and management.
Some of the key players operating in the accounting software market are 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..
The accounting software market is expected to register a CAGR of 7.2%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Accounting 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. Accounting Software Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Accounting Software Market - Supply Chain
4.5. Global Accounting Software Market Forecast
4.5.1. Accounting Software Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Accounting Software Market Size (000 Units) and Y-o-Y Growth
4.5.3. Accounting Software Market Absolute $ Opportunity
5. Global Accounting 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. Accounting Software Market Size and Volume Forecast by Type
5.3.1. Embedded Accounting Software Packages
5.3.2. Online Solutions Accounting Software
5.3.3. Desktop Non-embedded Solutions Accounting Software
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Accounting 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. Accounting Software Market Size and Volume Forecast by Application
6.3.1. Manufacturing
6.3.2. Services
6.3.3. Retail
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Accounting 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. Accounting 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 Accounting 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. Accounting 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 Accounting Software Demand Share Forecast, 2019-2026
9. North America Accounting 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 Accounting 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 Accounting Software Market Size and Volume Forecast by Application
9.4.1. Manufacturing
9.4.2. Services
9.4.3. Retail
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Accounting Software Market Size and Volume Forecast by Type
9.7.1. Embedded Accounting Software Packages
9.7.2. Online Solutions Accounting Software
9.7.3. Desktop Non-embedded Solutions Accounting Software
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 Accounting Software Demand Share Forecast, 2019-2026
10. Latin America Accounting 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 Accounting 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 Accounting Software Market Size and Volume Forecast by Application
10.4.1. Manufacturing
10.4.2. Services
10.4.3. Retail
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Accounting Software Market Size and Volume Forecast by Type
10.7.1. Embedded Accounting Software Packages
10.7.2. Online Solutions Accounting Software
10.7.3. Desktop Non-embedded Solutions Accounting Software
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 Accounting Software Demand Share Forecast, 2019-2026
11. Europe Accounting 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 Accounting 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 Accounting Software Market Size and Volume Forecast by Application
11.4.1. Manufacturing
11.4.2. Services
11.4.3. Retail
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Accounting Software Market Size and Volume Forecast by Type
11.7.1. Embedded Accounting Software Packages
11.7.2. Online Solutions Accounting Software
11.7.3. Desktop Non-embedded Solutions Accounting Software
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth 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 Accounting Software Demand Share, 2019-2026
12. Asia Pacific Accounting 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 Accounting 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 Accounting Software Market Size and Volume Forecast by Application
12.4.1. Manufacturing
12.4.2. Services
12.4.3. Retail
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Accounting Software Market Size and Volume Forecast by Type
12.7.1. Embedded Accounting Software Packages
12.7.2. Online Solutions Accounting Software
12.7.3. Desktop Non-embedded Solutions Accounting Software
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 Accounting Software Demand Share, 2019-2026
13. Middle East & Africa Accounting 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 Accounting 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 Accounting Software Market Size and Volume Forecast by Application
13.4.1. Manufacturing
13.4.2. Services
13.4.3. Retail
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Accounting Software Market Size and Volume Forecast by Type
13.7.1. Embedded Accounting Software Packages
13.7.2. Online Solutions Accounting Software
13.7.3. Desktop Non-embedded Solutions Accounting Software
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 Accounting Software Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Accounting Software Market: Market Share Analysis
14.2. Accounting Software Distributors and Customers
14.3. Accounting Software Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Intuit
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sage
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SAP
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Oracle (NetSuite)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Microsoft
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Infor
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Epicor
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Workday
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Unit4
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. Yonyou
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Kingdee
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Acclivity
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. FreshBooks
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Intacct
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Assit cornerstone
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Aplicor
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Red wing
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Tally Solutions Pvt. Ltd.
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20.
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
