Market Overview:
The global cloud accounting software market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based solutions among small and medium enterprises (SMEs) and large enterprises, and the growing trend of using cloud accounting software as a service (SaaS). In addition, the increasing adoption of cloud accounting software by other users, such as government organizations and not-for-profit organizations, is also contributing to the growth of this market. The global cloud accounting software market has been segmented on the basis of type into browser-based, SaaS, application service providers (ASPs), and others. The SaaS segment is expected to account for the largest share of this market in 2018. This can be attributed to its low cost compared with on-premises solutions and easy deployment options.
Product Definition:
Cloud Accounting Software is a software that allows users to access and manage their finances from any device with an internet connection. Cloud Accounting Software is important because it allows users to have easy access to their finances from anywhere, making it easier to stay organized and keep track of their spending.
Browser-based, SaaS:
Browser-based software solutions are gaining popularity in the accounting industry owing to its ease of use and flexibility. The cloud computing technology is enabling organizations to shift from traditional systems towards web-based applications. This has resulted in increased demand for SaaS (Software as a Service) based accounting solutions, which provide cost benefits and time efficiency for businesses.
Application Service Providers (ASPs):
Application Service Providers (ASPs) are third-party vendors that provide outsourced application services such as payroll, human resource management, inventory control and order processing. They help businesses to focus on their core competencies by handling non-core tasks and offering a wide range of integrated applications.
Application Insights:
The software is used by SMEs for accounting and other purposes. The segment accounted for more than 50% of the overall revenue in 2017. The use of cloud accounting software by SMEs to automate their operations, reduce costs and increase efficiency is expected to drive the segment over the forecast period.
Cloud accounting solutions are also being increasingly adopted by enterprises as an alternative to traditional on-premise systems or Microsoft Dynamics AX, which was previously dominant in this market space. Cloud Accounting Software-as-a-Service (SaaS) provides flexibility, scalability and ease of use that are ideal for large organizations while keeping track of various resources across departments with different levels of responsibility.
The Other Use category includes government agencies, notforprofit organizations.
Regional Analysis:
The North American region dominated the global market in 2017. The growth can be attributed to the presence of a large number of SMEs and Large Enterprises (LEs) in this region. These enterprises are increasingly adopting cloud accounting software owing to its flexibility, ease of use, cost-effectiveness, and robust features offered by these softwares. Moreover, increasing adoption of cloud computing services across various industries is further driving demand for cloud accounting software solutions in this region.
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to growing awareness about advanced technologies such as Big Data analytics among users and rapid technological advancements across all major verticals including Manufacturing & Production (M&P), Retail & Ecommerce (R&E), Service Industries (SISYF), Government sector etc., This has resulted into increased adoption ogcloud accounting software solutions among MNCs and Public Sector Units/Government Offices/Banks etc.
Growth Factors:
- Increasing demand for cloud-based accounting software from small and medium businesses (SMBs) due to the benefits of scalability, flexibility, and cost-effectiveness.
- The growing trend of digitization and automation across all industries is resulting in increased adoption of cloud accounting software by large enterprises.
- Rapid advancements in artificial intelligence (AI) and machine learning are helping cloud accounting software providers offer more sophisticated features and capabilities, thereby attracting new users.
- The increasing number of online payment gateways is making it easier for businesses to make payments through the cloud accounting software platform, thus boosting its adoption rate among merchants worldwide.
- Growing awareness about the benefits of using cloud-based accounting solutions is encouraging more business owners to switch from traditional on-premises systems to modernized platforms that offer enhanced security, mobility, and collaboration features
Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud Accounting Software Market Research Report
By Type
Browser-based, SaaS, Application Service Providers (ASPs), Cloud Accounting Softwar
By Application
SMEs, Large Enterprises, Other Users
By Companies
Intuit, Sage, SAP, Oracle(NetSuite), Microsoft, Infor, Epicor, Workday, Unit4, Xero, Yonyou, Kingdee, Acclivity, FreshBooks, Zoho, Assit Cornerstone, MEGI, Reckon, KashFlow, Cloud Accounting Softwar
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Cloud Accounting Software Market Report Segments:
The global Cloud Accounting Software market is segmented on the basis of:
Types
Browser-based, SaaS, Application Service Providers (ASPs), Cloud Accounting Softwar
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
SMEs, Large Enterprises, Other Users
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
- Zoho
- Assit Cornerstone
- MEGI
- Reckon
- KashFlow
- Cloud Accounting Softwar
Highlights of The Cloud 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:
- Browser-based, SaaS
- Application Service Providers (ASPs)
- Cloud Accounting Softwar
- By Application:
- SMEs
- Large Enterprises
- Other Users
- 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 Cloud 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?
Cloud accounting software is a type of software that helps businesses manage their finances by providing them with an online platform from which to view their financial data, make transactions, and track spending. Cloud accounting software can be accessed from any device or computer and can be used to manage both personal and business finances.
Some of the key players operating in the cloud accounting software market are Intuit, Sage, SAP, Oracle(NetSuite), Microsoft, Infor, Epicor, Workday, Unit4, Xero, Yonyou, Kingdee, Acclivity, FreshBooks, Zoho, Assit Cornerstone, MEGI, Reckon, KashFlow, Cloud Accounting Softwar.
The cloud accounting software market is expected to grow at a compound annual growth rate of 16.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cloud 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. Cloud 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. Cloud Accounting Software Market - Supply Chain
4.5. Global Cloud Accounting Software Market Forecast
4.5.1. Cloud Accounting Software Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cloud Accounting Software Market Size (000 Units) and Y-o-Y Growth
4.5.3. Cloud Accounting Software Market Absolute $ Opportunity
5. Global Cloud 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. Cloud Accounting Software Market Size and Volume Forecast by Type
5.3.1. Browser-based, SaaSService Providers (ASPs)
5.3.3. Cloud Accounting Softwar
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Cloud 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. Cloud Accounting Software Market Size and Volume Forecast by Application
6.3.1. SMEs
6.3.2. Large Enterprises
6.3.3. Other Users
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Cloud 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. Cloud 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 Cloud 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. Cloud 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 Cloud Accounting Software Demand Share Forecast, 2019-2026
9. North America Cloud 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 Cloud 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 Cloud Accounting Software Market Size and Volume Forecast by Application
9.4.1. SMEs
9.4.2. Large Enterprises
9.4.3. Other Users
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Cloud Accounting Software Market Size and Volume Forecast by Type
9.7.1. Browser-based, SaaSService Providers (ASPs)
9.7.3. Cloud Accounting Softwar
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 Cloud Accounting Software Demand Share Forecast, 2019-2026
10. Latin America Cloud 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 Cloud 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 Cloud Accounting Software Market Size and Volume Forecast by Application
10.4.1. SMEs
10.4.2. Large Enterprises
10.4.3. Other Users
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Cloud Accounting Software Market Size and Volume Forecast by Type
10.7.1. Browser-based, SaaS
Service Providers (ASPs)
10.7.3. Cloud Accounting Softwar
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 Cloud Accounting Software Demand Share Forecast, 2019-2026
11. Europe Cloud 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 Cloud 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 Cloud Accounting Software Market Size and Volume Forecast by Application
11.4.1. SMEs
11.4.2. Large Enterprises
11.4.3. Other Users
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Cloud Accounting Software Market Size and Volume Forecast by Type
11.7.1. Browser-based, SaaS
Service Providers (ASPs)
11.7.3. Cloud Accounting Softwar
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 Cloud Accounting Software Demand Share, 2019-2026
12. Asia Pacific Cloud 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 Cloud 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 Cloud Accounting Software Market Size and Volume Forecast by Application
12.4.1. SMEs
12.4.2. Large Enterprises
12.4.3. Other Users
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Cloud Accounting Software Market Size and Volume Forecast by Type
12.7.1. Browser-based, SaaS
Service Providers (ASPs)
12.7.3. Cloud Accounting Softwar
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 Cloud Accounting Software Demand Share, 2019-2026
13. Middle East & Africa Cloud 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 Cloud 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 Cloud Accounting Software Market Size and Volume Forecast by Application
13.4.1. SMEs
13.4.2. Large Enterprises
13.4.3. Other Users
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Cloud Accounting Software Market Size and Volume Forecast by Type
13.7.1. Browser-based, SaaS
Service Providers (ASPs)
13.7.3. Cloud Accounting Softwar
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 Cloud Accounting Software Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Cloud Accounting Software Market: Market Share Analysis
14.2. Cloud Accounting Software Distributors and Customers
14.3. Cloud 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. Zoho
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. MEGI
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Reckon
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. KashFlow
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Cloud Accounting Softwar
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
