Market Overview:
The global cloud financial close solutions software market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for cloud-based financial close solutions software and the growing need for streamlining and automating the financial close process. The global cloud-based financial close solutions software market is expected to grow at a CAGR of 17.8% during the forecast period from 2018 to 2030, while the global on-premises financial close solutions software market is expected to grow at a CAGR of 15.7%.
Product Definition:
Cloud Financial Close Solutions Software is a software that helps in the financial close process. It automates and accelerates the financial close process by providing secure access to data and applications from any device, anywhere. This software is important because it helps companies reduce costs and improve efficiency.
Cloud-Based:
Cloud-based financial close solutions software is a web-based application that helps users to manage their day to day business operations. It also helps them in managing the data and information of their company, customers, suppliers and partners. The cloud based financial close solutions software provides real time access to data which can be used for multiple purposes such as recording sales transaction details, generating reports or accessing customer information at any point of time.
On-Premises:
On-premises is a term used for the software and hardware systems that are installed at the organization's physical site. The on-premises system includes all types of software solutions, such as Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), and Content Management System (CMS). These solutions help in managing day to day business operations efficiently.
Application Insights:
The large enterprises segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to factors such as increasing demand for robust and secure financial solutions by large organizations. Furthermore, growing concerns regarding data breaches, increasing use of cloud computing services by these organizations and rising adoption of SaaS solutions are some other factors driving the segment growth.
Medium-sized businesses (MBS) application segment is expected to witness significant growth over the forecast period owing to increased usage of cloud financial close solution software in MBSes by banks and insurance companies for processing credit card transactions, e-commerce payments, ATM withdrawals etc., Increasing penetration rates of smartphones coupled with internet banking has led to a substantial increase in demand from medium-sized businesses across the globe.
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 small, medium and large enterprises in this region. These enterprises are increasingly adopting cloud-based financial close solutions software owing to their ease of use and cost-effectiveness as compared to on-premises software. Moreover, these solutions offer flexibility for users by allowing them to move financial close processes from one application environment to another environment as per their requirement or whim. This factor is expected drive regional growth over the forecast period.
Asia Pacific is anticipated to emerge as the fastest growing regional market over the forecast period owing high adoption rates of advanced technologies such as cloud computing across various industries in countries such China and India among others).
Growth Factors:
- Increasing demand for automation in financial accounting and reporting processes to improve efficiency and accuracy
- The need for greater visibility into financial performance to support strategic decision-making
- Growing adoption of cloud-based solutions as organizations move away from legacy systems
- Rising pressure on finance teams to provide more timely and accurate information
- Proliferation of digital technologies that are transforming the way businesses operate
Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud Financial Close Solutions Software Market Research Report
By Type
Cloud-Based, On-Premises
By Application
Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)
By Companies
Workiva, BlackLine, CCH Tagetik, OneStream Software, Trintech, Oracle, Anaplan, Host Analytics, FloQast, Vena Solutions, Longview, Aaro Systems, PA 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
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Cloud Financial Close Solutions Software Market Report Segments:
The global Cloud Financial Close Solutions Software market is segmented on the basis of:
Types
Cloud-Based, On-Premises
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(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 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:
- Workiva
- BlackLine
- CCH Tagetik
- OneStream Software
- Trintech
- Oracle
- Anaplan
- Host Analytics
- FloQast
- Vena Solutions
- Longview
- Aaro Systems
- PA Group
Highlights of The Cloud Financial Close Solutions 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
- On-Premises
- By Application:
- Large Enterprises(1000+ Users)
- Medium-Sized Enterprise(499-1000 Users)
- Small Enterprises(1-499 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 Financial Close Solutions 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
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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 Financial Close Solutions Software is a software that helps users to automate their financial close processes. This software allows users to manage their finances more efficiently and effectively, which can help them save time and money.
Some of the key players operating in the cloud financial close solutions software market are Workiva, BlackLine, CCH Tagetik, OneStream Software, Trintech, Oracle, Anaplan, Host Analytics, FloQast, Vena Solutions, Longview, Aaro Systems, PA Group.
The cloud financial close solutions software market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cloud Financial Close Solutions 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 Cloud Financial Close Solutions Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cloud Financial Close Solutions 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 Cloud Financial Close Solutions 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 Cloud Financial Close Solutions Software Market Size & Forecast, 2018-2028
4.5.1 Cloud Financial Close Solutions Software Market Size and Y-o-Y Growth
4.5.2 Cloud Financial Close Solutions Software Market Absolute $ Opportunity
Chapter 5 Global Cloud Financial Close Solutions 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 Cloud Financial Close Solutions Software Market Size Forecast by Type
5.2.1 Cloud-Based
5.2.2 On-Premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cloud Financial Close Solutions 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 Cloud Financial Close Solutions Software Market Size Forecast by Applications
6.2.1 Large Enterprises(1000+ Users)
6.2.2 Medium-Sized Enterprise(499-1000 Users)
6.2.3 Small Enterprises(1-499 Users)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cloud Financial Close Solutions 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 Cloud Financial Close Solutions 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 Cloud Financial Close Solutions Software Analysis and Forecast
9.1 Introduction
9.2 North America Cloud Financial Close Solutions 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 Cloud Financial Close Solutions Software Market Size Forecast by Type
9.6.1 Cloud-Based
9.6.2 On-Premises
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 Cloud Financial Close Solutions Software Market Size Forecast by Applications
9.10.1 Large Enterprises(1000+ Users)
9.10.2 Medium-Sized Enterprise(499-1000 Users)
9.10.3 Small Enterprises(1-499 Users)
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 Cloud Financial Close Solutions Software Analysis and Forecast
10.1 Introduction
10.2 Europe Cloud Financial Close Solutions 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 Cloud Financial Close Solutions Software Market Size Forecast by Type
10.6.1 Cloud-Based
10.6.2 On-Premises
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 Cloud Financial Close Solutions Software Market Size Forecast by Applications
10.10.1 Large Enterprises(1000+ Users)
10.10.2 Medium-Sized Enterprise(499-1000 Users)
10.10.3 Small Enterprises(1-499 Users)
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 Cloud Financial Close Solutions Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cloud Financial Close Solutions 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 Cloud Financial Close Solutions Software Market Size Forecast by Type
11.6.1 Cloud-Based
11.6.2 On-Premises
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 Cloud Financial Close Solutions Software Market Size Forecast by Applications
11.10.1 Large Enterprises(1000+ Users)
11.10.2 Medium-Sized Enterprise(499-1000 Users)
11.10.3 Small Enterprises(1-499 Users)
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 Cloud Financial Close Solutions Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Cloud Financial Close Solutions 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 Cloud Financial Close Solutions Software Market Size Forecast by Type
12.6.1 Cloud-Based
12.6.2 On-Premises
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 Cloud Financial Close Solutions Software Market Size Forecast by Applications
12.10.1 Large Enterprises(1000+ Users)
12.10.2 Medium-Sized Enterprise(499-1000 Users)
12.10.3 Small Enterprises(1-499 Users)
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) Cloud Financial Close Solutions Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cloud Financial Close Solutions 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) Cloud Financial Close Solutions Software Market Size Forecast by Type
13.6.1 Cloud-Based
13.6.2 On-Premises
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) Cloud Financial Close Solutions Software Market Size Forecast by Applications
13.10.1 Large Enterprises(1000+ Users)
13.10.2 Medium-Sized Enterprise(499-1000 Users)
13.10.3 Small Enterprises(1-499 Users)
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 Cloud Financial Close Solutions Software Market: Competitive Dashboard
14.2 Global Cloud Financial Close Solutions Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Workiva
14.3.2 BlackLine
14.3.3 CCH Tagetik
14.3.4 OneStream Software
14.3.5 Trintech
14.3.6 Oracle
14.3.7 Anaplan
14.3.8 Host Analytics
14.3.9 FloQast
14.3.10 Vena Solutions
14.3.11 Longview
14.3.12 Aaro Systems
14.3.13 PA Group
