Market Overview:
The global project management 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 project management accounting software and the growing need for efficient project management among enterprises of all sizes. The global project management accounting software market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into cloud-based and on-premises. Cloud-based PMAS are witnessing high adoption due to their ease of use and low cost as compared to on-premises PMAS.
Product Definition:
Project Management Accounting Software is a software that helps organizations manage their projects and track the progress of each individual project. It can help managers keep track of budget, time, and resources allocated to each project.
Cloud-based:
Cloud-based software is a type of project management accounting software that uses the internet as its data storage mechanism. The cloud-based PMAS offers several advantages such as easy accessibility from any place in the world, real time data tracking and integration with other business systems, cost effective and efficient processing of transactions etc. which are expected to drive market growth over the forecast period.
On-premises:
On-premises is a term used for software or applications installed on the end user's computers, servers, laptops or mobile devices. The installation of such software requires an active internet connection and the physical presence of the end users at a given location. On-premises solutions are preferred by large organizations as they require high investments in terms of hardware and maintenance costs.
Application Insights:
The large enterprises segment dominated the global project management accounting software market in 2017. This is attributed to factors such as larger budget, more resources and diverse portfolio of projects. The SMEs segment is expected to witness lucrative growth over the forecast period owing to increasing penetration of smartphones, internet access and e-commerce which has paved the way for small businesses to access global markets.
The Asia Pacific region is projected to exhibit significant growth in PMAS application adoption due largely on account of growing infrastructure spending by governments across various countries including China, India and Australia among others. Furthermore, favorable government policies such as Digital India & Smart City initiatives by Indian Government are further anticipated to boost PMAS adoption across various industries including IT & telecom, BFSI and others over the forecast period driving regional demand further.
Regional Analysis:
The market in North America accounted for the largest revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to factors such as increasing government initiatives and awareness regarding PMBS, growing adoption of cloud-based solutions, and high availability of skilled resources. Moreover, presence of major players with extensive domain knowledge is also contributing toward regional growth.
Asia Pacific is anticipated to be the fastest-growing region during the forecast period due to increasing number of SMEs operating on a shoe string budget that require utmost cost-effective software solutions for project management accounting needs along with improving economic conditions in countries like China & India leading towards increased investments & acquisitions activities by large enterprises across these regions.
Growth Factors:
- Increasing demand for project management accounting software from small and medium-sized businesses (SMBs) due to the growing need for better control and visibility over their projects.
- The increasing trend of cloud-based deployment of project management accounting software, which is making the software more accessible and affordable to a wider range of businesses.
- The growing popularity of agile methodology, which is driving the demand for project management accounting software that can support agile projects.
- The increasing use of project portfolio management (PPM) tools, which are helping organizations to better manage their portfolios of projects and make more informed decisions about where to allocate their resources.
- The rising awareness among businesses about the benefits of using project management accounting software, such as improved efficiency and reduced costs
Scope Of The Report
Report Attributes
Report Details
Report Title
Project Management Accounting Software Market Research Report
By Type
Cloud-based, On-premises
By Application
Small and Medium Enterprises (SMEs), Large Enterprises
By Companies
NetSuite, Sage Intacct, Cougar Mountain Software, Deskera ERP, Multiview, ScaleFactor, Financial Edge NXT, ProSoft Solutions, AccuFund, Xledger, Oracle, SAP, FinancialForce, Acumatica
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Project Management Accounting Software Market Report Segments:
The global Project Management 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
Small and Medium Enterprises (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:
- NetSuite
- Sage Intacct
- Cougar Mountain Software
- Deskera ERP
- Multiview
- ScaleFactor
- Financial Edge NXT
- ProSoft Solutions
- AccuFund
- Xledger
- Oracle
- SAP
- FinancialForce
- Acumatica
Highlights of The Project Management 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:
- Small and Medium Enterprises (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 Project Management 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?
Project management accounting software is a computer application that helps project managers track and manage the financial aspects of their projects. This includes tracking expenses, revenues, and costs associated with each stage of the project. The software can also help managers forecast future costs and revenues, make decisions about budgeting and funding, and monitor progress towards deadlines.
Some of the major companies in the project management accounting software market are NetSuite, Sage Intacct, Cougar Mountain Software, Deskera ERP, Multiview, ScaleFactor, Financial Edge NXT, ProSoft Solutions, AccuFund, Xledger, Oracle, SAP, FinancialForce, Acumatica.
The project management 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 Project Management 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 Project Management Accounting Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Project Management 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 Project Management 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 Project Management Accounting Software Market Size & Forecast, 2018-2028
4.5.1 Project Management Accounting Software Market Size and Y-o-Y Growth
4.5.2 Project Management Accounting Software Market Absolute $ Opportunity
Chapter 5 Global Project Management 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 Project Management 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 Project Management 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 Project Management Accounting Software Market Size Forecast by Applications
6.2.1 Small and Medium Enterprises (SMEs)
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Project Management 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 Project Management 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 Project Management Accounting Software Analysis and Forecast
9.1 Introduction
9.2 North America Project Management 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 Project Management 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 Project Management Accounting Software Market Size Forecast by Applications
9.10.1 Small and Medium Enterprises (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 Project Management Accounting Software Analysis and Forecast
10.1 Introduction
10.2 Europe Project Management 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 Project Management 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 Project Management Accounting Software Market Size Forecast by Applications
10.10.1 Small and Medium Enterprises (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 Project Management Accounting Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Project Management 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 Project Management 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 Project Management Accounting Software Market Size Forecast by Applications
11.10.1 Small and Medium Enterprises (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 Project Management Accounting Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Project Management 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 Project Management 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 Project Management Accounting Software Market Size Forecast by Applications
12.10.1 Small and Medium Enterprises (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) Project Management Accounting Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Project Management 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) Project Management 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) Project Management Accounting Software Market Size Forecast by Applications
13.10.1 Small and Medium Enterprises (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 Project Management Accounting Software Market: Competitive Dashboard
14.2 Global Project Management Accounting Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NetSuite
14.3.2 Sage Intacct
14.3.3 Cougar Mountain Software
14.3.4 Deskera ERP
14.3.5 Multiview
14.3.6 ScaleFactor
14.3.7 Financial Edge NXT
14.3.8 ProSoft Solutions
14.3.9 AccuFund
14.3.10 Xledger
14.3.11 Oracle
14.3.12 SAP
14.3.13 FinancialForce
14.3.14 Acumatica
