Market Overview:
The global general ledger 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 and web-based general ledger software solutions by SMEs and large enterprises across the globe. Additionally, the growing trend of digitization is also contributing significantly to the growth of this market. North America is expected to lead the global general ledger software market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
A General Ledger Software is a software that helps organizations to keep track of their financial transactions. The software records the financial transactions of an organization and prepares reports such as income statement, balance sheet etc.
On-Premise:
On-premise general ledger software is a type of bookkeeping system that is installed and used on the end-users premises. The software can be owned by an individual or company, however it has to be accessed and operated from the same location where the data is being kept.
Web-Based:
The global web-based and it's usage in general ledger software market size was valued at USD 0.00 in 2016. The growth can be attributed to the increase in demand for cloud-based accounting solutions among small & medium enterprises due to its cost effectiveness, ease of use, security & audit trail as well as rapid deployment capabilities.
General Ledger Management (GLM) is a type of financial accounting software that enables businesses to track their assets, liabilities.
Application Insights:
The large enterprises segment dominated the global general ledger software market in 2017. This can be attributed to factors such as high computing costs and extensive IT infrastructure required in large organizations. Furthermore, the need for tracking financial transactions and maintaining accurate accounting records has resulted in an increased number of larger organizations opting for general ledger software.
SMEs accounted for a significant share of the global revenue in 2017 owing to their limited computing resources, easy access to online banking systems and growing business activities across various industries worldwide. The growth of SMEs is expected to drive demand over the forecast period as they have been consistently registering higher transaction volumes than larger counterparts globally due to low cost competition among them which eventually benefits both customers & vendors by reducing operating costs & increasing productivity respectively.
Regional Analysis:
North America accounted for the largest revenue share in 2017. The growth can be attributed to the presence of major players such as IBM, Microsoft Corporation, and Oracle Corporation in this region. Moreover, growing adoption of cloud-based GBSS is also expected to drive regional market growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing demand from SMEs and rapidly developing economies such as China and India. In addition, rising number of IT companies opting for cloud-based GBSS solutions has further propelled market development across this region. Increasing investments by governments are also driving regional market expansion opportunities for General Ledger Software (GLS).
Growth Factors:
- Increasing demand for automation in finance and accounting departments
- Growing need to manage financial risks and comply with regulatory requirements
- Proliferation of cloud-based solutions that offer flexibility and scalability
- Rising demand for real-time reporting and analysis to make better business decisions
- Emergence of new technologies such as big data, artificial intelligence, and machine learning that can help streamline financial processes
Scope Of The Report
Report Attributes
Report Details
Report Title
General Ledger Software Market Research Report
By Type
On-Premise, Web-Based, Cloud-Based
By Application
SMEs, Large Enterprises
By Companies
Sage Intacct, Multiview, NetSuite, Cougar Mountain, Deskera, Aplos, ProSoft Solutions, Blackbaud, QuickBooks, Oracle, Acumatica, SAP, ScaleFactor, Flexi, Xledger
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
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global General Ledger Software Market Report Segments:
The global General Ledger Software market is segmented on the basis of:
Types
On-Premise, Web-Based, 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
SMEs, Large Enterprises
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:
- Sage Intacct
- Multiview
- NetSuite
- Cougar Mountain
- Deskera
- Aplos
- ProSoft Solutions
- Blackbaud
- QuickBooks
- Oracle
- Acumatica
- SAP
- ScaleFactor
- Flexi
- Xledger
Highlights of The General Ledger 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-Premise
- Web-Based
- Cloud-Based
- By Application:
- SMEs
- Large Enterprises
- 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 General Ledger 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
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- Product & Brand Management
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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?
General ledger software is a computer program that helps businesses keep track of their finances. It includes features to manage accounts, transactions, and balances.
Some of the major players in the general ledger software market are Sage Intacct, Multiview, NetSuite, Cougar Mountain, Deskera, Aplos, ProSoft Solutions, Blackbaud, QuickBooks, Oracle, Acumatica, SAP, ScaleFactor, Flexi, Xledger.
The general ledger 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 General Ledger 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 General Ledger Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 General Ledger 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 General Ledger 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 General Ledger Software Market Size & Forecast, 2018-2028
4.5.1 General Ledger Software Market Size and Y-o-Y Growth
4.5.2 General Ledger Software Market Absolute $ Opportunity
Chapter 5 Global General Ledger 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 General Ledger Software Market Size Forecast by Type
5.2.1 On-Premise
5.2.2 Web-Based
5.2.3 Cloud-Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global General Ledger 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 General Ledger Software Market Size Forecast by Applications
6.2.1 SMEs
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global General Ledger 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 General Ledger 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 General Ledger Software Analysis and Forecast
9.1 Introduction
9.2 North America General Ledger 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 General Ledger Software Market Size Forecast by Type
9.6.1 On-Premise
9.6.2 Web-Based
9.6.3 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 General Ledger Software Market Size Forecast by Applications
9.10.1 SMEs
9.10.2 Large Enterprises
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 General Ledger Software Analysis and Forecast
10.1 Introduction
10.2 Europe General Ledger 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 General Ledger Software Market Size Forecast by Type
10.6.1 On-Premise
10.6.2 Web-Based
10.6.3 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 General Ledger Software Market Size Forecast by Applications
10.10.1 SMEs
10.10.2 Large Enterprises
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 General Ledger Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific General Ledger 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 General Ledger Software Market Size Forecast by Type
11.6.1 On-Premise
11.6.2 Web-Based
11.6.3 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 General Ledger Software Market Size Forecast by Applications
11.10.1 SMEs
11.10.2 Large Enterprises
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 General Ledger Software Analysis and Forecast
12.1 Introduction
12.2 Latin America General Ledger 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 General Ledger Software Market Size Forecast by Type
12.6.1 On-Premise
12.6.2 Web-Based
12.6.3 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 General Ledger Software Market Size Forecast by Applications
12.10.1 SMEs
12.10.2 Large Enterprises
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) General Ledger Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) General Ledger 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) General Ledger Software Market Size Forecast by Type
13.6.1 On-Premise
13.6.2 Web-Based
13.6.3 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) General Ledger Software Market Size Forecast by Applications
13.10.1 SMEs
13.10.2 Large Enterprises
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 General Ledger Software Market: Competitive Dashboard
14.2 Global General Ledger Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sage Intacct
14.3.2 Multiview
14.3.3 NetSuite
14.3.4 Cougar Mountain
14.3.5 Deskera
14.3.6 Aplos
14.3.7 ProSoft Solutions
14.3.8 Blackbaud
14.3.9 QuickBooks
14.3.10 Oracle
14.3.11 Acumatica
14.3.12 SAP
14.3.13 ScaleFactor
14.3.14 Flexi
14.3.15 Xledger
