Global Finance & Accounting Software Market by Type (Embedded Accounting Software Packages, Online Solutions Accounting Software, Desktop Non-embedded Solutions Accounting Software), By Application (Manufacturing, Services, Retail) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global finance and accounting software market is expected to grow at a CAGR of 9.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cloud-based solutions, rising adoption of mobile devices, and growing need for automation in finance and accounting processes. The global finance and accounting software market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into embedded accounting software packages, online solutions accounting software, desktop non-embedded solutions accounting software. The embedded accounting software packages segment is expected to hold a major share in the global finance and Accounting Software Market during forecast period owing to its low cost as compared with other types of solution segments available in this market.



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Product Definition:

Finance and accounting software is used to manage finances and accounting for a business. This type of software can help businesses keep track of expenses, income, invoices, and other financial data. It can also help automate tasks such as billing and payments. Finance and accounting software is important for businesses because it helps them keep track of their finances effectively and efficiently.

Embedded Accounting Software Packages:

Embedded accounting software packages are used for financial and management reporting. It is a collection of tools and applications that help in the preparation of financial statements, balance sheets, income statements, cash flow statement etc. The key features including easy to use interface coupled with ease of understanding have helped in increasing the popularity of embedded accounting software packages among small & medium enterprises across various industry verticals such as manufacturing & service industries.

Online Solutions Accounting Software:

Online solutions accounting software is used to prepare an accruals basis financial statement. It helps in tracking and managing all the transactions made by a business over a particular period of time. The software also helps in generating an income statement, balance sheet, and cash flow statement for any company or individual. Online solution accounting software is widely accepted among small & medium enterprises as it offers them ease of operations with minimal human intervention; thus increasing their productivity significantly.

Application Insights:

The manufacturing application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The segment growth can be attributed to factors such as increasing demand for real-time visibility of financial transactions, need to manage complex accounting procedures, and growing emphasis on cost reduction by manufacturers.

The services application segment is expected register a significant CAGR during the forecast period owing to rising demand from medium-sized businesses (SMBs) and large enterprises for online solutions that enable them with advanced functionality required in professional services firms. SMBs are increasingly using online service providers as they offer flexible payment options, easy installation & maintenance access at affordable costs which may eventually lead these companies opting for on-line accounting software over their local counterparts.

Regional Analysis:

North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This growth can be attributed to increasing demand for accounting and finance software solutions from U.S.-based small & medium enterprises (SMEs). Furthermore, growing adoption of cloud-based technologies by SMEs in North America is anticipated to drive regional growth over the forecast period.

Asia Pacific is projected to emerge as a lucrative regional market during the same period owing to increasing awareness regarding financial management among individuals and businesses operating across various industries in China, India, Japan, South Korea & Taiwan (CITJFT).

Growth Factors:

Increasing demand for automation in finance and accounting processes to improve efficiency and accuracy
The need for better financial visibility and insights to make sound business decisions
Growing adoption of cloud-based solutions as organizations move away from legacy systems
The increasing use of big data and analytics to gain deeper insights into financial performance
The need for compliance with new regulations such as GDPR


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Scope Of The Report
Report Attributes
Report Details
Report Title
Finance & Accounting Software Market Research Report
By Type
Embedded Accounting Software Packages, Online Solutions Accounting Software, Desktop Non-embedded Solutions Accounting Software
By Application
Manufacturing, Services, Retail
By Companies
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.

Global Finance & Accounting Software Market Report Segments:
The global Finance & Accounting Software market is segmented on the basis of:
Types
Embedded Accounting Software Packages, Online Solutions Accounting Software, Desktop Non-embedded Solutions Accounting Software
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
Manufacturing, Services, Retail
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:
SAP
Oracle (NetSuite)
Microsoft
Infor
Epicor
Workday
Unit4
Xero
Yonyou
Kingdee
Acclivity
FreshBooks
Intacct
Assit cornerstone
Aplicor
Red wing
Tally Solutions Pvt. Ltd.



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Highlights of The Finance & 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:
Embedded Accounting Software Packages
Online Solutions Accounting Software
Desktop Non-embedded Solutions Accounting Software
By Application:
Manufacturing
Services
Retail
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 Finance & 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

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