Market Overview:
The global accounting and finance software market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The accounting and finance software market is segmented on the basis of type, application, and region. On the basis of type, the accounting and finance software market is segmented into procurement software, order management software, accounting software, and accounting practice managementsoftware. Order management softwareserves as a tool for managing customer ordersand sales ordersthroughout their lifecycle in an organization. Accounting softwareserve as a tool for recording financial transactionsof an organization in a systematic mannerand preparing financial statementsbased on these transactions.
Product Definition:
Accounting and finance software is used to manage financial data and track business expenses. It can help businesses keep track of invoices, payments, and other financial transactions. This software can also be used to generate reports on the company's financial status.
Procurement Software:
Procurement software is used by vendors to procure goods and services from different suppliers. It helps vendors in managing the process of buying, receiving, storing and delivering the goods or services. The procurement software also helps vendors in tracking their purchases for analyzing purchasing trends and making better business decisions.
Order Management Software:
An order management system is used to manage the incoming and outcoming orders for a company. It also helps in tracking the status of each order such as open, completed, canceled or shipped. The software can be used by any individual working at the sales department or warehouse of a company to track and monitor all orders placed by customers.
The demand for an order management system has seen an upsurge due to its increased use in BFSI sector over recent years.
Application Insights:
The large enterprises segment accounted for the largest market share in 2017 and is expected to continue leading over the forecast period. The growth of this segment can be attributed to factors such as increasing demand for financial information from management, growing number of large companies, and need for internalizing externalities.
SMEs are anticipated to be the fastest-growing application segment over the forecast period owing to factors such as easy access to internet banking, rising penetration of e-commerce business across countries with developing economies such as India and China where majority of SMEs operate online business. Furthermore, accounting software solutions are being adopted by small businesses due to benefits offered by these softwares including ease in record keeping along with cost savings & time optimization.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The region is expected to maintain its lead throughout the forecast period owing to high demand for advanced software solutions from several major U.S.-based companies such as General Motors, Boeing, and Lockheed Martin among others. In addition, growing awareness regarding financial accounting standards in this region is also anticipated to drive regional market growth over the forecast period.
Asia Pacific is projected to be one of the fastest-growing regions during the same period owing to increasing adoption of accounting and finance software by small & medium enterprises (SMEs) operating across emerging economies including China and India among others. Growing penetration of global players into these markets coupled with favorable government initiatives aimed at promoting domestic level competition are some factors likely to boost regional market growth during the estimated time span.
Growth Factors:
- Increasing demand for automation in finance and accounting processes to improve efficiency and accuracy
- The increasing trend of cloud-based software solutions, which is benefiting the accounting and finance software market
- Rising need for compliance with regulatory requirements, which is driving the adoption of accounting and finance software solutions
- Growing demand from small businesses for affordable yet comprehensive software solutions that can meet their specific needs
- Proliferation of mobile devices and apps that are helping to make financial data more accessible anytime, anywhere
Scope Of The Report
Report Attributes
Report Details
Report Title
Accounting and Finance Software Market Research Report
By Type
Procurement Software, Order Management Software, Accounting Software, Accounting Practice Management Software
By Application
Large Enterprises, SMEs
By Companies
Certify, Tradeshift, RFPIO, Loopio, SAP America, Coupa Software, Webgility, AccountingSuite, SellerCloud, Alterity, Multiorders, Intuit, Receipt Bank, Karbon, Sage Group
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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Accounting and Finance Software Market Report Segments:
The global Accounting and Finance Software market is segmented on the basis of:
Types
Procurement Software, Order Management Software, Accounting Software, Accounting Practice Management 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
Large Enterprises, SMEs
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:
- Certify
- Tradeshift
- RFPIO
- Loopio
- SAP America
- Coupa Software
- Webgility
- AccountingSuite
- SellerCloud
- Alterity
- Multiorders
- Intuit
- Receipt Bank
- Karbon
- Sage Group
Highlights of The Accounting and Finance 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:
- Procurement Software
- Order Management Software
- Accounting Software
- Accounting Practice Management Software
- By Application:
- Large Enterprises
- SMEs
- 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 and Finance 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?
Accounting and finance software is a type of software that helps businesses manage their finances. It can include tools for tracking expenses, managing accounts receivable and inventory, forecasting future cash needs, and more.
Some of the major players in the accounting and finance software market are Certify, Tradeshift, RFPIO, Loopio, SAP America, Coupa Software, Webgility, AccountingSuite, SellerCloud, Alterity, Multiorders, Intuit, Receipt Bank, Karbon, Sage Group.
The accounting and finance software market is expected to grow at a compound annual growth rate of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Accounting and Finance Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Accounting and Finance Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Accounting and Finance Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Accounting and Finance Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Accounting and Finance Software Market Size & Forecast, 2018-2028
4.5.1 Accounting and Finance Software Market Size and Y-o-Y Growth
4.5.2 Accounting and Finance Software Market Absolute $ Opportunity
Chapter 5 Global Accounting and Finance Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Accounting and Finance Software Market Size Forecast by Type
5.2.1 Procurement Software
5.2.2 Order Management Software
5.2.3 Accounting Software
5.2.4 Accounting Practice Management Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Accounting and Finance Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Accounting and Finance Software Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 SMEs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Accounting and Finance Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Accounting and Finance Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Accounting and Finance Software Analysis and Forecast
9.1 Introduction
9.2 North America Accounting and Finance Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Accounting and Finance Software Market Size Forecast by Type
9.6.1 Procurement Software
9.6.2 Order Management Software
9.6.3 Accounting Software
9.6.4 Accounting Practice Management Software
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Accounting and Finance Software Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 SMEs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Accounting and Finance Software Analysis and Forecast
10.1 Introduction
10.2 Europe Accounting and Finance Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Accounting and Finance Software Market Size Forecast by Type
10.6.1 Procurement Software
10.6.2 Order Management Software
10.6.3 Accounting Software
10.6.4 Accounting Practice Management Software
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Accounting and Finance Software Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 SMEs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Accounting and Finance Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Accounting and Finance Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Accounting and Finance Software Market Size Forecast by Type
11.6.1 Procurement Software
11.6.2 Order Management Software
11.6.3 Accounting Software
11.6.4 Accounting Practice Management Software
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Accounting and Finance Software Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 SMEs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Accounting and Finance Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Accounting and Finance Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Accounting and Finance Software Market Size Forecast by Type
12.6.1 Procurement Software
12.6.2 Order Management Software
12.6.3 Accounting Software
12.6.4 Accounting Practice Management Software
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Accounting and Finance Software Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 SMEs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Accounting and Finance Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Accounting and Finance Software Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Accounting and Finance Software Market Size Forecast by Type
13.6.1 Procurement Software
13.6.2 Order Management Software
13.6.3 Accounting Software
13.6.4 Accounting Practice Management Software
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Accounting and Finance Software Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 SMEs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Accounting and Finance Software Market: Competitive Dashboard
14.2 Global Accounting and Finance Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Certify
14.3.2 Tradeshift
14.3.3 RFPIO
14.3.4 Loopio
14.3.5 SAP America
14.3.6 Coupa Software
14.3.7 Webgility
14.3.8 AccountingSuite
14.3.9 SellerCloud
14.3.10 Alterity
14.3.11 Multiorders
14.3.12 Intuit
14.3.13 Receipt Bank
14.3.14 Karbon
14.3.15 Sage Group
