Market Overview:
The global custom accounting software 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 demand for cloud-based and web-based custom accounting software solutions by businesses, government departments, educational institutions, and other end users. North America is expected to lead the global custom accounting software market in terms of revenue during the forecast period, followed by Europe and Asia Pacific. However, Asia Pacific is expected to witness highest CAGR during the forecast period owing to rising adoption of cloud-based solutions in this region.
Product Definition:
Customized accounting software is a tailor-made solution for managing finances, created to meet the specific needs of a company or organization. It can automate many financial tasks and improve accuracy and efficiency. Custom accounting software may be especially important for businesses that need to track inventory, sales, or complex financial transactions.
Cloud-Based:
Cloud-based software is a type of software system that provides shared services for managing data and applications across multiple platforms. It shares data through networked computers using the internet as a medium. The cloud-based accounting systems are used by small businesses, large businesses, and corporations to track their business activities in real time with ease. Cloud based accounting solutions help in reducing manual efforts while tracking business transactions which increases its demand among various industries such as BFSI, retail etc.
Web-Based:
Web-based software is a collection of pages, which are accessed through the internet. It is used to record and manage financial transactions of an individual or a business. The web-based custom accounting software provides various benefits such as it can be accessed from any location in the world, there’s no need for installing additional hardware on computers etc., it offers real-time data tracking and also allows multiple users to access data simultaneously from different locations.
Application Insights:
The business enterprise application segment accounted for the largest revenue share of over 40% in 2017. The growth can be attributed to the growing demand from medium and large scale businesses for managing their accounting information. The software helps in tracking, reporting and analyzing financial data across departments, which aids in decision-making processes at a higher level. This is further likely to fuel industry expansion during the forecast period.
The government department application segment is expected to register a notable CAGR of XX% over the forecast period owing to increasing government spending on account of initiatives such as Digital India & China 2025 Plan by Indian Government and Belt and Road Initiative by Chinese Government among others. These initiatives are likely to boost cross border trade activities which will subsequently fuel industry expansion during the forecast period.
Regional Analysis:
The Asia Pacific region is expected to emerge as a predominant region over the forecast period. The growth can be attributed to the increasing adoption of accounting software by small and medium enterprises in emerging economies, such as India, China, and Malaysia. Furthermore, government initiatives promoting digitalization are also expected to drive regional market growth over the forecast period. For instance, in 2015 ‘One Belt One Road’ (OBOR) project was launched by China with an aim to develop trade routes connecting Beijing's initiative for New Silk Road Economic Belt and 21st-Century Maritime Silk Road across Asia through Central Asian countries including Kazakhstan and Uzbekistan.
North America accounted for more than 20% of global market share owing high usage of cloud-based services coupled with presence of numerous large enterprises within U.S.
Growth Factors:
- Increasing demand for automation in accounting and finance processes to improve efficiency and accuracy
- Growing number of small businesses and startups, who are looking for affordable custom accounting software solutions
- Proliferation of cloud-based accounting software, which is making custom accounting software more accessible and affordable for businesses of all sizes
- Rising need to manage complex financial data and comply with regulatory requirements
- Increased focus on business analytics and performance management, which is driving the need for better reporting and analysis capabilities in custom accounting software
Scope Of The Report
Report Attributes
Report Details
Report Title
Custom Accounting Software Market Research Report
By Type
Cloud-Based, Web-Based
By Application
Business Enterprise, Government Department, Educational Institutions, Other
By Companies
SaM Solutions, Diceus, One Stop Accounting, Cleveroad, USER BASIC SOFTWARE, Chetu, Sage Intacct, MBA Software & Consulting, Wunz Efficiency, EZ Accounting, Custom Soft, US Website Development, Davis Software, AccountMate, Foundation Software, Campbell Custom Software Development, CIBIS International, SmartexLab, Britec Computer Systems, JobBOSS
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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Custom Accounting Software Market Report Segments:
The global Custom Accounting Software market is segmented on the basis of:
Types
Cloud-Based, Web-Based
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
Business Enterprise, Government Department, Educational Institutions, Other
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:
- SaM Solutions
- Diceus
- One Stop Accounting
- Cleveroad
- USER BASIC SOFTWARE
- Chetu
- Sage Intacct
- MBA Software & Consulting
- Wunz Efficiency
- EZ Accounting
- Custom Soft
- US Website Development
- Davis Software
- AccountMate
- Foundation Software
- Campbell Custom Software Development
- CIBIS International
- SmartexLab
- Britec Computer Systems
- JobBOSS
Highlights of The Custom 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
- Web-Based
- By Application:
- Business Enterprise
- Government Department
- Educational Institutions
- Other
- 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 Custom 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:
- 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?
Custom accounting software is a type of software that allows users to create and manage their own financial reports. This type of software can be used by small businesses or individuals who need to keep track of their own finances.
Some of the major companies in the custom accounting software market are SaM Solutions, Diceus, One Stop Accounting, Cleveroad, USER BASIC SOFTWARE, Chetu, Sage Intacct, MBA Software & Consulting, Wunz Efficiency, EZ Accounting, Custom Soft, US Website Development, Davis Software, AccountMate, Foundation Software, Campbell Custom Software Development, CIBIS International, SmartexLab, Britec Computer Systems, JobBOSS.
The custom accounting software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Custom 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 Custom Accounting Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Custom 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 Custom 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 Custom Accounting Software Market Size & Forecast, 2018-2028
4.5.1 Custom Accounting Software Market Size and Y-o-Y Growth
4.5.2 Custom Accounting Software Market Absolute $ Opportunity
Chapter 5 Global Custom 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 Custom Accounting Software Market Size Forecast by Type
5.2.1 Cloud-Based
5.2.2 Web-Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Custom 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 Custom Accounting Software Market Size Forecast by Applications
6.2.1 Business Enterprise
6.2.2 Government Department
6.2.3 Educational Institutions
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Custom 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 Custom 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 Custom Accounting Software Analysis and Forecast
9.1 Introduction
9.2 North America Custom 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 Custom Accounting Software Market Size Forecast by Type
9.6.1 Cloud-Based
9.6.2 Web-Based
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 Custom Accounting Software Market Size Forecast by Applications
9.10.1 Business Enterprise
9.10.2 Government Department
9.10.3 Educational Institutions
9.10.4 Other
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 Custom Accounting Software Analysis and Forecast
10.1 Introduction
10.2 Europe Custom 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 Custom Accounting Software Market Size Forecast by Type
10.6.1 Cloud-Based
10.6.2 Web-Based
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 Custom Accounting Software Market Size Forecast by Applications
10.10.1 Business Enterprise
10.10.2 Government Department
10.10.3 Educational Institutions
10.10.4 Other
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 Custom Accounting Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Custom 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 Custom Accounting Software Market Size Forecast by Type
11.6.1 Cloud-Based
11.6.2 Web-Based
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 Custom Accounting Software Market Size Forecast by Applications
11.10.1 Business Enterprise
11.10.2 Government Department
11.10.3 Educational Institutions
11.10.4 Other
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 Custom Accounting Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Custom 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 Custom Accounting Software Market Size Forecast by Type
12.6.1 Cloud-Based
12.6.2 Web-Based
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 Custom Accounting Software Market Size Forecast by Applications
12.10.1 Business Enterprise
12.10.2 Government Department
12.10.3 Educational Institutions
12.10.4 Other
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) Custom Accounting Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Custom 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) Custom Accounting Software Market Size Forecast by Type
13.6.1 Cloud-Based
13.6.2 Web-Based
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) Custom Accounting Software Market Size Forecast by Applications
13.10.1 Business Enterprise
13.10.2 Government Department
13.10.3 Educational Institutions
13.10.4 Other
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 Custom Accounting Software Market: Competitive Dashboard
14.2 Global Custom Accounting Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SaM Solutions
14.3.2 Diceus
14.3.3 One Stop Accounting
14.3.4 Cleveroad
14.3.5 USER BASIC SOFTWARE
14.3.6 Chetu
14.3.7 Sage Intacct
14.3.8 MBA Software & Consulting
14.3.9 Wunz Efficiency
14.3.10 EZ Accounting
14.3.11 Custom Soft
14.3.12 US Website Development
14.3.13 Davis Software
14.3.14 AccountMate
14.3.15 Foundation Software
14.3.16 Campbell Custom Software Development
14.3.17 CIBIS International
14.3.18 SmartexLab
14.3.19 Britec Computer Systems
14.3.20 JobBOSS
