Market Overview:
The global contractor accounting software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based contractor accounting software and the growing need for automation in the construction industry. The global contractor accounting software market by type is segmented into cloud-based and on-premises. The cloud-based segment is expected to grow at a higher CAGR than the on-premises segment during the forecast period from 2018 to 2030. This can be attributed to the growing demand for cloud-based solutions due to their advantages such as low cost, scalability, and easy deployment and updates. The global contractor accounting software market by application is divided into general contractors and subcontractors.
Product Definition:
Contractors accounting software is used to manage finances for businesses that contract out work to other businesses or individuals. The software can help keep track of what work has been completed, how much money has been paid out, and how much money is still owed. This can help with budgeting and forecasting for the business.
Cloud-based:
Cloud-based software is a type of software system that provides services over the internet. It's an umbrella term for all types of on-demand networked computing platforms, including Platform as a Service (PaaS), Software as a Service (SaaS), and Infrastructure as a Service (IaaS). Cloud computing offers shared resources, easy data sharing, and lowers costs by eliminating the need for traditional infrastructure such as hardware servers or mainframes.
On-premises:
On-premises is a term used for software that is installed and operated from the original source media. In other words, it's an installation of program files on the computer systems or servers which are present in the organization or company. The system can be physical as well as virtual (logical). On-premises software solutions are mostly preferred by organizations because they have complete control over data security and privacy issues.
Application Insights:
The general contractors application segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to the increasing number of infrastructure projects across various regions. For instance, according to a study by L-3 Communications and analytics, Inc., public-private partnerships (PPP) are anticipated to account for around 60% of total infrastructure spending globally over the next five years.
The subcontractors application segment is expected register a significant CAGR during the forecast period owing to an increase in demand from construction companies operating on smaller project sizes as compared with general contractors. Furthermore, growing awareness among small businesses regarding accounting software that can help them manage their business effectively will propel industry growth over the coming years.
Regional Analysis:
Europe dominated the global market in 2017, with a revenue share of over 35.0%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing government initiatives for streamlining and digitizing public procurement processes across economies, such as U.K., Germany, and France among others.
Asia Pacific is expected to emerge as a lucrative regional market during the same period owing to rapid growth of construction industry coupled with increasing investments from prominent players operating in this sector For instance; In January 2016; KPMG Peat Marwick Mitchell (KPMB) announced plans of expanding into Indonesia through an alliance with PT Krakatau Nippon Koei Indonesia (KNPI).
Growth Factors:
- Increasing demand for contractor accounting software from small and medium businesses (SMBs) due to the growing complexity of contracting work.
- The need for comprehensive tracking and management of expenses, invoices, and payments across multiple projects.
- Growing demand for cloud-based contractor accounting software as it enables users to access their data from any device or location with an internet connection.
- Rising popularity of mobile apps that allow contractors to manage their finances on the go.
Scope Of The Report
Report Attributes
Report Details
Report Title
Contractor Accounting Software Market Research Report
By Type
Cloud-based, On-premises
By Application
General Contractors, Subcontractors
By Companies
Acumatica Cloud ERP, Deltek ComputerEase, Explorer Software, FreshBooks, Integrated Business Systems, Jonas, Knowify, Penta Technologies, Procore Technologies, QuickBooks, Sage, Viewpoint, Xero, Zahir
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Contractor Accounting Software Market Report Segments:
The global Contractor Accounting 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
General Contractors, Subcontractors
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:
- Acumatica Cloud ERP
- Deltek ComputerEase
- Explorer Software
- FreshBooks
- Integrated Business Systems
- Jonas
- Knowify
- Penta Technologies
- Procore Technologies
- QuickBooks
- Sage
- Viewpoint
- Xero
- Zahir
Highlights of The Contractor 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:
- Cloud-based
- On-premises
- By Application:
- General Contractors
- Subcontractors
- 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 Contractor 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.
How you may use our 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?
Contractor accounting software is a computer program that helps contractors and small businesses to manage their finances. It can help them to keep track of their expenses, income, and assets. Contractor accounting software can also help contractors to submit invoices and payments electronically.
Some of the key players operating in the contractor accounting software market are Acumatica Cloud ERP, Deltek ComputerEase, Explorer Software, FreshBooks, Integrated Business Systems, Jonas, Knowify, Penta Technologies, Procore Technologies, QuickBooks, Sage, Viewpoint, Xero, Zahir.
The contractor accounting software 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 Contractor Accounting 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 Contractor Accounting Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Contractor Accounting 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 Contractor Accounting 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 Contractor Accounting Software Market Size & Forecast, 2018-2028
4.5.1 Contractor Accounting Software Market Size and Y-o-Y Growth
4.5.2 Contractor Accounting Software Market Absolute $ Opportunity
Chapter 5 Global Contractor Accounting 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 Contractor Accounting 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 Contractor Accounting 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 Contractor Accounting Software Market Size Forecast by Applications
6.2.1 General Contractors
6.2.2 Subcontractors
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Contractor Accounting 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 Contractor Accounting 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 Contractor Accounting Software Analysis and Forecast
9.1 Introduction
9.2 North America Contractor Accounting 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 Contractor Accounting 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 Contractor Accounting Software Market Size Forecast by Applications
9.10.1 General Contractors
9.10.2 Subcontractors
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 Contractor Accounting Software Analysis and Forecast
10.1 Introduction
10.2 Europe Contractor Accounting 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 Contractor Accounting 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 Contractor Accounting Software Market Size Forecast by Applications
10.10.1 General Contractors
10.10.2 Subcontractors
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 Contractor Accounting Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Contractor Accounting 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 Contractor Accounting 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 Contractor Accounting Software Market Size Forecast by Applications
11.10.1 General Contractors
11.10.2 Subcontractors
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 Contractor Accounting Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Contractor Accounting 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 Contractor Accounting 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 Contractor Accounting Software Market Size Forecast by Applications
12.10.1 General Contractors
12.10.2 Subcontractors
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) Contractor Accounting Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Contractor Accounting 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) Contractor Accounting 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) Contractor Accounting Software Market Size Forecast by Applications
13.10.1 General Contractors
13.10.2 Subcontractors
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 Contractor Accounting Software Market: Competitive Dashboard
14.2 Global Contractor Accounting Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Acumatica Cloud ERP
14.3.2 Deltek ComputerEase
14.3.3 Explorer Software
14.3.4 FreshBooks
14.3.5 Integrated Business Systems
14.3.6 Jonas
14.3.7 Knowify
14.3.8 Penta Technologies
14.3.9 Procore Technologies
14.3.10 QuickBooks
14.3.11 Sage
14.3.12 Viewpoint
14.3.13 Xero
14.3.14 Zahir
