Market Overview:
The global DCAA compliant 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 DCAA compliant accounting software and the growing adoption of such software by small and medium sized companies. North America is expected to lead the global market in terms of revenue, followed by Europe and Asia Pacific.
Product Definition:
DCAA compliant accounting software is software that is designed to help organizations comply with the Department of Defense’s (DoD) requirements for financial management. These requirements are known as the Defense Federal Acquisition Regulation Supplement (DFARS), which governs how DoD contracts are managed and accounted for. Compliance with DFARS can be critical to organizations that do business with the DoD, as noncompliance can lead to fines, penalties, and even contract suspension or termination.
- tracking contract costs.
- generating invoices.
- creating purchase orders.
- assigning budget codes to transactions;.
- generating financial statements in accordance with Generally Accepted Accounting Principles (GAAP).
On Premises:
On Premises (OP) is a term used for software installed on the end user system which can be owned by an individual or shared with other users. The OP software is not accessible to third parties and cannot be transferred, sold or rented to another user. It's a single-user license type of product that uses network licensing technology to allow multiple users across an organization access to the same application at the same time.
Cloud-based:
Cloud-based software is a type of software service that provides solutions to manage data and operations using the internet as a medium. It uses cloud technology which is an shared pool of data that helps in storing and processing information. The major advantage associated with this technology is that it allows users to access stored information from any location or device, making it easier for them to work on the go.
Application Insights:
The large companies application segment accounted for the largest market share in 2017. Large companies are presumed to have a strong IT infrastructure and DCAA compliant software is expected to reduce the time required for system updates, thus resulting in lesser downtime. The large companies are also presumed to be more resilient towards technology shocks as they have robust systems that ensure continuous operations even in case of any external or internal disruption.
Small and medium sized enterprises (SMEs) are projected to exhibit significant growth over the forecast period owing to their preference for cost-effective solutions with features similar as those offered by enterprise solutions but at a reduced price. This trend is further anticipated to drive demand from SMEs which will result in an increased penetration rate of DCAA compliant accounting software over the forecast period.
Regional Analysis:
North America dominated the global DCAA compliant accounting software market in 2017. North America is home to some of the largest and most well-known CPA firms across the globe. The U.S., in particular, has a large number of small and medium sized businesses that rely on their books for internal management reporting purposes, thus making it an attractive regional market for DCAA compliant accounting software providers to expand their customer base over time.
Asia Pacific is expected to emerge as one of the fastest growing regions during the forecast period owing to increasing adoption by SMEs operating within economies such as China and India along with other South East Asian countries.
Growth Factors:
- Increasing demand for cloud-based solutions: The DCAA Compliant Accounting Software market is witnessing a growing demand for cloud-based solutions due to the advantages they offer, such as low cost of ownership, scalability, and ease of use. This is driving the growth of the market.
- Rising need to manage compliance and risk: The increasing complexity of business operations has led organizations to focus on risk management and compliance in order to protect their interests. This is fueling the growth of the DCAA Compliant Accounting Software market as it helps organizations manage their compliance requirements effectively.
- Growing adoption of big data and analytics: Big data and analytics are being increasingly adopted by businesses across all industries in order to make better decisions, improve operational efficiency, and reduce costs. This is benefiting the DCAA Compliant Accounting Software market as it enables businesses to make better use of their financial data for decision making purposes.
Scope Of The Report
Report Attributes
Report Details
Report Title
DCAA Compliant Accounting Software Market Research Report
By Type
On Premises, Cloud-based
By Application
Large Companies, Small and Medium Sized Companies
By Companies
JAMIS, GCAS, eFAACT, WrkPlan, DCAA-Assist, ContractEdge, Light4, S2, Digisoft, Unanet, Aspire, GovCon Connect
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global DCAA Compliant Accounting Software Market Report Segments:
The global DCAA Compliant Accounting Software market is segmented on the basis of:
Types
On Premises, Cloud-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
Large Companies, Small and Medium Sized Companies
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:
- JAMIS
- GCAS
- eFAACT
- WrkPlan
- DCAA-Assist
- ContractEdge
- Light4
- S2
- Digisoft
- Unanet
- Aspire
- GovCon Connect
Highlights of The DCAA Compliant 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:
- On Premises
- Cloud-based
- By Application:
- Large Companies
- Small and Medium Sized Companies
- 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 DCAA Compliant 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
- 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?
DCAA compliant accounting software is a type of software that helps businesses comply with the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. This law requires companies to disclose certain financial information, including compensation data for top executives. DCAA compliant accounting software can help businesses create and maintain these disclosure reports
Some of the key players operating in the dcaa compliant accounting software market are JAMIS, GCAS, eFAACT, WrkPlan, DCAA-Assist, ContractEdge, Light4, S2, Digisoft, Unanet, Aspire, GovCon Connect.
The dcaa compliant 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 DCAA Compliant 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 DCAA Compliant Accounting Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 DCAA Compliant 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 DCAA Compliant 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 DCAA Compliant Accounting Software Market Size & Forecast, 2018-2028
4.5.1 DCAA Compliant Accounting Software Market Size and Y-o-Y Growth
4.5.2 DCAA Compliant Accounting Software Market Absolute $ Opportunity
Chapter 5 Global DCAA Compliant 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 DCAA Compliant Accounting Software Market Size Forecast by Type
5.2.1 On Premises
5.2.2 Cloud-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global DCAA Compliant 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 DCAA Compliant Accounting Software Market Size Forecast by Applications
6.2.1 Large Companies
6.2.2 Small and Medium Sized Companies
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global DCAA Compliant 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 DCAA Compliant 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 DCAA Compliant Accounting Software Analysis and Forecast
9.1 Introduction
9.2 North America DCAA Compliant 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 DCAA Compliant Accounting Software Market Size Forecast by Type
9.6.1 On Premises
9.6.2 Cloud-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 DCAA Compliant Accounting Software Market Size Forecast by Applications
9.10.1 Large Companies
9.10.2 Small and Medium Sized Companies
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 DCAA Compliant Accounting Software Analysis and Forecast
10.1 Introduction
10.2 Europe DCAA Compliant 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 DCAA Compliant Accounting Software Market Size Forecast by Type
10.6.1 On Premises
10.6.2 Cloud-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 DCAA Compliant Accounting Software Market Size Forecast by Applications
10.10.1 Large Companies
10.10.2 Small and Medium Sized Companies
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 DCAA Compliant Accounting Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific DCAA Compliant 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 DCAA Compliant Accounting Software Market Size Forecast by Type
11.6.1 On Premises
11.6.2 Cloud-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 DCAA Compliant Accounting Software Market Size Forecast by Applications
11.10.1 Large Companies
11.10.2 Small and Medium Sized Companies
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 DCAA Compliant Accounting Software Analysis and Forecast
12.1 Introduction
12.2 Latin America DCAA Compliant 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 DCAA Compliant Accounting Software Market Size Forecast by Type
12.6.1 On Premises
12.6.2 Cloud-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 DCAA Compliant Accounting Software Market Size Forecast by Applications
12.10.1 Large Companies
12.10.2 Small and Medium Sized Companies
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) DCAA Compliant Accounting Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) DCAA Compliant 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) DCAA Compliant Accounting Software Market Size Forecast by Type
13.6.1 On Premises
13.6.2 Cloud-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) DCAA Compliant Accounting Software Market Size Forecast by Applications
13.10.1 Large Companies
13.10.2 Small and Medium Sized Companies
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 DCAA Compliant Accounting Software Market: Competitive Dashboard
14.2 Global DCAA Compliant Accounting Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 JAMIS
14.3.2 GCAS
14.3.3 eFAACT
14.3.4 WrkPlan
14.3.5 DCAA-Assist
14.3.6 ContractEdge
14.3.7 Light4
14.3.8 S2
14.3.9 Digisoft
14.3.10 Unanet
14.3.11 Aspire
14.3.12 GovCon Connect
