Market Overview:
The global SMB & SME used accounting software market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing adoption of cloud-based solutions and the growing demand for integrated ERP and accounting software among small businesses. In addition, the rising trend of BYOD (Bring Your Own Device) is also contributing to the growth of this market. On premise solutions accounted for a major share of the global SMB & SME used accounting software market in 2017. However, cloud-based solutions are expected to grow at a higher CAGR during the forecast period as they offer several benefits such as lower costs, scalability, and easy deployment and updates.
Product Definition:
SMB Used Accounting Software is a software that helps small businesses to manage their finances. This software can help to track income and expenses, invoicing, and budgeting. SME Used Accounting Software is similar to SMB Used Accounting Software, but is designed for larger businesses. Both types of software are important for tracking financials and making sure that businesses stay on top of their budgets.
Cloud Solutions Accounting Software:
Cloud solutions accounting software is a collection of tools and services that help businesses manage their books and records. It helps in streamlining the processes, which are followed from month to month for recording sales, purchases, payrolls, managing assets & liabilities along with tax compliance. Cloud solutions accounting software has been designed keeping small-scale enterprises (SME) and medium-scale enterprises (MSME) in mind; these two types of business organizations have different requirements when it comes to bookkeeping procedures.
On Premise Solutions Accounting Software:
On premise solutions accounting software is used by small and medium business enterprises to track their revenue and manage their day-to-day financial operations. The software helps businesses in tracking sales, managing inventory, generating reports & graphs, processing payments etc. In addition to the core functionalities of an on premise solution accounting software; it also offers additional features such as invoicing automation or time management which makes the overall process easy for the end users.
Application Insights:
The manufacturing segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to factors such as increasing production activities across developing countries, growing demand for technologically advanced accounting software among medium-sized businesses, and a growing number of SMEs in developed economies such as Germany, U.K., U.S., France etc. The services segment is anticipated to register a significant CAGR over the forecast period owing to an increase in demand for professional services by enterprises on account of increased complexity associated with various business tasks including financial reporting & analysis, human capital management and strategic planning etc.
Regional Analysis:
North America dominated the global market in 2017. North America has a well-established accounting sector, which is home to several large CPA firms and other small & medium enterprises (SMEs). The U.S., being the largest economy in North America, dominates the regional market with over 80% share. However, Asia Pacific is expected to witness significant growth during the forecast period owing to increasing government initiatives for improving financial management systems coupled with rising awareness about used software accounting solutions among SMBs and their owners/managers across countries such as India, China and Japan. Moreover, growing penetration of cloud-based accounting software among small & medium enterprises will drive demand further over next eight years.
The European region accounted for a substantial revenue share in 2017 due to increased adoption of advanced technologies by businesses operating across various industries including manufacturing; retail; telecoms; energy; transport etc.).
Growth Factors:
- Increasing demand for automation in accounting and finance processes to manage growing business operations.
- Proliferation of cloud-based solutions that offer anytime, anywhere access to accounting software from any device with an internet connection.
- The need for businesses to comply with ever-changing government regulations and reporting requirements, which is driving the adoption of automated compliance features in accounting software suites.
- Growing demand among small businesses for integrated solutions that provide a single point of control over all financial operations, including invoicing, billing, payroll processing, and inventory management.
Scope Of The Report
Report Attributes
Report Details
Report Title
SMB & SME Used Accounting Software Market Research Report
By Type
Cloud Solutions Accounting Software, On Premise Solutions Accounting Software
By Application
Manufacturing, Services, Retail
By Companies
Intuit, Sage, SAP, Oracle (NetSuite), Microsoft, Infor, Epicor, Workday, Unit4, Xero, Yonyou, Kingdee, Acclivity, FreshBooks, Intacct, Assit cornerstone, Aplicor, Red wing
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
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global SMB & SME Used Accounting Software Market Report Segments:
The global SMB & SME Used Accounting Software market is segmented on the basis of:
Types
Cloud Solutions Accounting Software, On Premise 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:
- Intuit
- Sage
- SAP
- Oracle (NetSuite)
- Microsoft
- Infor
- Epicor
- Workday
- Unit4
- Xero
- Yonyou
- Kingdee
- Acclivity
- FreshBooks
- Intacct
- Assit cornerstone
- Aplicor
- Red wing
Highlights of The SMB & SME Used 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 Solutions Accounting Software
- On Premise 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 SMB & SME Used 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
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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?
Small business accounting software is designed specifically for businesses with fewer than 100 employees. It includes features that larger businesses may find unnecessary, such as tracking inventory and receivables.
Some of the major players in the smb & sme used accounting software market are Intuit, Sage, SAP, Oracle (NetSuite), Microsoft, Infor, Epicor, Workday, Unit4, Xero, Yonyou, Kingdee, Acclivity, FreshBooks, Intacct, Assit cornerstone, Aplicor, Red wing.
The smb & sme used accounting software market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 SMB & SME Used 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 SMB & SME Used Accounting Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 SMB & SME Used 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 SMB & SME Used 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 SMB & SME Used Accounting Software Market Size & Forecast, 2018-2028
4.5.1 SMB & SME Used Accounting Software Market Size and Y-o-Y Growth
4.5.2 SMB & SME Used Accounting Software Market Absolute $ Opportunity
Chapter 5 Global SMB & SME Used 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 SMB & SME Used Accounting Software Market Size Forecast by Type
5.2.1 Cloud Solutions Accounting Software
5.2.2 On Premise Solutions Accounting Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global SMB & SME Used 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 SMB & SME Used Accounting Software Market Size Forecast by Applications
6.2.1 Manufacturing
6.2.2 Services
6.2.3 Retail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global SMB & SME Used 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 SMB & SME Used 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 SMB & SME Used Accounting Software Analysis and Forecast
9.1 Introduction
9.2 North America SMB & SME Used 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 SMB & SME Used Accounting Software Market Size Forecast by Type
9.6.1 Cloud Solutions Accounting Software
9.6.2 On Premise Solutions Accounting Software
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 SMB & SME Used Accounting Software Market Size Forecast by Applications
9.10.1 Manufacturing
9.10.2 Services
9.10.3 Retail
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 SMB & SME Used Accounting Software Analysis and Forecast
10.1 Introduction
10.2 Europe SMB & SME Used 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 SMB & SME Used Accounting Software Market Size Forecast by Type
10.6.1 Cloud Solutions Accounting Software
10.6.2 On Premise Solutions Accounting Software
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 SMB & SME Used Accounting Software Market Size Forecast by Applications
10.10.1 Manufacturing
10.10.2 Services
10.10.3 Retail
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 SMB & SME Used Accounting Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific SMB & SME Used 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 SMB & SME Used Accounting Software Market Size Forecast by Type
11.6.1 Cloud Solutions Accounting Software
11.6.2 On Premise Solutions Accounting Software
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 SMB & SME Used Accounting Software Market Size Forecast by Applications
11.10.1 Manufacturing
11.10.2 Services
11.10.3 Retail
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 SMB & SME Used Accounting Software Analysis and Forecast
12.1 Introduction
12.2 Latin America SMB & SME Used 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 SMB & SME Used Accounting Software Market Size Forecast by Type
12.6.1 Cloud Solutions Accounting Software
12.6.2 On Premise Solutions Accounting Software
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 SMB & SME Used Accounting Software Market Size Forecast by Applications
12.10.1 Manufacturing
12.10.2 Services
12.10.3 Retail
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) SMB & SME Used Accounting Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) SMB & SME Used 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) SMB & SME Used Accounting Software Market Size Forecast by Type
13.6.1 Cloud Solutions Accounting Software
13.6.2 On Premise Solutions Accounting Software
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) SMB & SME Used Accounting Software Market Size Forecast by Applications
13.10.1 Manufacturing
13.10.2 Services
13.10.3 Retail
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 SMB & SME Used Accounting Software Market: Competitive Dashboard
14.2 Global SMB & SME Used Accounting Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Intuit
14.3.2 Sage
14.3.3 SAP
14.3.4 Oracle (NetSuite)
14.3.5 Microsoft
14.3.6 Infor
14.3.7 Epicor
14.3.8 Workday
14.3.9 Unit4
14.3.10 Xero
14.3.11 Yonyou
14.3.12 Kingdee
14.3.13 Acclivity
14.3.14 FreshBooks
14.3.15 Intacct
14.3.16 Assit cornerstone
14.3.17 Aplicor
14.3.18 Red wing
