Market Overview:
The global business accounting software and services market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing adoption of cloud-based solutions, rising demand for mobile-based applications, and growing need for real-time information by businesses. The global business accounting software and services market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into installed software, SaaS (software as a service), cloud-based software, web-based software, and mobile apps. The SaaS segment is expected to grow at a higher CAGR during the forecast period owing to its advantages such as low cost of ownership and easy upgradation/updates.
Product Definition:
Business Accounting Software and Services refers to the various software and services used by businesses to manage their financial accounting and reporting. This includes tasks such as tracking expenses, recording income, preparing invoices, issuing payments, and creating financial reports. The importance of Business Accounting Software and Services lies in its ability to help businesses effectively manage their finances, which can improve overall efficiency and profitability.
Installed:
The global installed base of business accounting software and services was valued at USD 46.0 billion in 2016. It is expected to expand at a CAGR of XX% over the forecast period, which includes a projection for cloud-based solutions and mobile apps that were introduced later in the year 2016.
SaaS, Cloud, Web-based:
SaaS, Cloud, and web-based are the major terms used in the business accounting software industry. In this article we will try to understand what they mean and how they can be beneficial for an organization.
Software as a Service (SaaS) is a model where computer applications are run over internet using server hosted on vendor’s premises or by third party. The application can be accessed from any location through internet connection provided by service provider.
Application Insights:
The Small and Medium-sized Enterprises (SMEs) application segment accounted for the largest revenue share of over 60% in 2017. The global SMEs are adopting modern technologies such as cloud, mobile, social networks to expand their business operations. As a result, the demand for online accounting software among SMEs is increasing significantly across the globe. Furthermore, with an increase in digitalization and technological advancement, there is a growing need for robust management information systems within small businesses to manage data effectively and efficiently handle complex financial tasks easily. This trend will drive market growth over the forecast period.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing awareness among SMEs regarding accounting software and services, high disposable income of consumers, and presence of a large number of small enterprises in the U.S. Furthermore, growing adoption by medium-sized businesses is anticipated to drive regional growth during the forecast period.
Asia Pacific is estimated to be one of the fastest-growing regions over the next eight years owing to improving economic conditions in emerging countries such as India and China which have resulted into increased investments by foreign players operating across various industry verticals including BFSI & Retail, Manufacturing & Automotive among others are expanding their operations within Asia Pacific thereby driving demand for accounting software.
Growth Factors:
- Increasing demand for automation in business processes to improve efficiency and productivity
- Rising need for streamlining financial operations and improving decision-making process
- Growing trend of cloud-based deployment of software solutions to reduce costs and complexities
- Proliferation of mobile devices and apps that facilitate anytime, anywhere access to business data and accounting information
- Emergence of new technologies such as big data, analytics, artificial intelligence, etc., that are expected to revolutionize the way businesses operate
Scope Of The Report
Report Attributes
Report Details
Report Title
Business Accounting Software and Services Market Research Report
By Type
Installed, SaaS, Cloud, Web-based, Mobile
By Application
SMEs, Large Enterprises
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
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Business Accounting Software and Services Market Report Segments:
The global Business Accounting Software and Services market is segmented on the basis of:
Types
Installed, SaaS, Cloud, Web-based, Mobile
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
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 Business Accounting Software and Services 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:
- Installed
- SaaS, Cloud, Web-based
- Mobile
- By Application:
- SMEs
- Large Enterprises
- 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 Business Accounting Software and Services 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?
Business accounting software and services are computer programs that help businesses track their financial transactions, analyze data, and make informed decisions. These programs can be used to manage a company's finances, record sales and expenses, create reports, and more.
Some of the key players operating in the business accounting software and services 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 business accounting software and services market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Business Accounting Software and Services 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 Business Accounting Software and Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Business Accounting Software and Services 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 Business Accounting Software and Services 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 Business Accounting Software and Services Market Size & Forecast, 2018-2028
4.5.1 Business Accounting Software and Services Market Size and Y-o-Y Growth
4.5.2 Business Accounting Software and Services Market Absolute $ Opportunity
Chapter 5 Global Business Accounting Software and Services 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 Business Accounting Software and Services Market Size Forecast by Type
5.2.1 Installed
5.2.2 SaaS
5.2.3 Cloud
5.2.4 Web-based
5.2.5 Mobile
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Business Accounting Software and Services 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 Business Accounting Software and Services Market Size Forecast by Applications
6.2.1 SMEs
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Business Accounting Software and Services 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 Business Accounting Software and Services 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 Business Accounting Software and Services Analysis and Forecast
9.1 Introduction
9.2 North America Business Accounting Software and Services 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 Business Accounting Software and Services Market Size Forecast by Type
9.6.1 Installed
9.6.2 SaaS
9.6.3 Cloud
9.6.4 Web-based
9.6.5 Mobile
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 Business Accounting Software and Services Market Size Forecast by Applications
9.10.1 SMEs
9.10.2 Large Enterprises
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 Business Accounting Software and Services Analysis and Forecast
10.1 Introduction
10.2 Europe Business Accounting Software and Services 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 Business Accounting Software and Services Market Size Forecast by Type
10.6.1 Installed
10.6.2 SaaS
10.6.3 Cloud
10.6.4 Web-based
10.6.5 Mobile
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 Business Accounting Software and Services Market Size Forecast by Applications
10.10.1 SMEs
10.10.2 Large Enterprises
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 Business Accounting Software and Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Business Accounting Software and Services 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 Business Accounting Software and Services Market Size Forecast by Type
11.6.1 Installed
11.6.2 SaaS
11.6.3 Cloud
11.6.4 Web-based
11.6.5 Mobile
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 Business Accounting Software and Services Market Size Forecast by Applications
11.10.1 SMEs
11.10.2 Large Enterprises
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 Business Accounting Software and Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Business Accounting Software and Services 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 Business Accounting Software and Services Market Size Forecast by Type
12.6.1 Installed
12.6.2 SaaS
12.6.3 Cloud
12.6.4 Web-based
12.6.5 Mobile
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 Business Accounting Software and Services Market Size Forecast by Applications
12.10.1 SMEs
12.10.2 Large Enterprises
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) Business Accounting Software and Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Business Accounting Software and Services 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) Business Accounting Software and Services Market Size Forecast by Type
13.6.1 Installed
13.6.2 SaaS
13.6.3 Cloud
13.6.4 Web-based
13.6.5 Mobile
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) Business Accounting Software and Services Market Size Forecast by Applications
13.10.1 SMEs
13.10.2 Large Enterprises
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 Business Accounting Software and Services Market: Competitive Dashboard
14.2 Global Business Accounting Software and Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Intuit
14.3.2 Sage
14.3.3 SAP
14.3.4 Oracle (NetSuite)
14.3.5 Microsoft
14.3.6 Infor
14.3.7 Epicor
14.3.8 Workday
14.3.9 Unit4
14.3.10 Xero
14.3.11 Yonyou
14.3.12 Kingdee
14.3.13 Acclivity
14.3.14 FreshBooks
14.3.15 Intacct
14.3.16 Assit cornerstone
14.3.17 Aplicor
14.3.18 Red wing
14.3.19 Tally Solutions Pvt. Ltd.
