Market Overview:
The global small business 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 small business accounting software and the growing adoption of small business accounting software by manufacturing and food and beverage industries. North America is expected to hold the largest share of the global small business accounting software market in 2018, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
Small business accounting software is a type of software that helps small businesses manage their finances. This type of software can help track expenses, income, and other financial data. It can also help create reports and track trends. Small business accounting software is important because it can help small businesses stay organized and make informed financial decisions.
Cloud-based:
Cloud-based accounting software is a type of bookkeeping software that provides services and features to small businesses on a subscription basis. It saves time and money for the users by providing all necessary tools in one place. The user only needs to provide server space and bandwidth for data storage, while the service provider takes care of hardware maintenance, security, infrastructure management along with other services.
On-premises:
On-premises software is a type of cloud computing software that is installed and used on the end user's computers or servers. The end users can access the services remotely through their terminals or computers without any additional hardware. On-premises software solutions have been widely used by large organizations as they have dedicated IT staff for managing these systems, which are costly to deploy and maintain.
Application Insights:
The banking, financial services, and insurance application segment accounted for the largest revenue share in 2017. This is attributed to the growing need for effective management of accounting information within banks. The segment is also anticipated to register a significant growth rate over the forecast period due to an increase in demand from SMEs and MFIs operating across all major industry verticals such as retail, e-commerce, healthcare & pharmaceuticals.
The manufacturing application segment accounted for a considerable revenue share in 2017 owing to increasing adoption of SaaS solutions by manufacturers across all industries globally.
Regional Analysis:
North America accounted for the largest revenue share in 2017. The region is expected to maintain its lead over the forecast period, owing to presence of a large number of small and medium enterprises (SMEs). In addition, technological advancements such as cloud computing and digitalization are also contributing towards market growth. Furthermore, increasing adoption of accounting software by SMEs is further driving the regional market forward.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period due to increasing awareness regarding benefits offered by accounting software coupled with growing penetration of technology among small businesses in emerging economies such as India and China.
Latin America has also contributed significantly toward growth in terms of revenue share owing to presence or significant numbers food service establishments like restaurants/cafes/bars etc.
Growth Factors:
- Increasing demand for small business accounting software from the SMBs due to the growing complexities in their businesses operations and need for better control over their finances.
- Proliferation of cloud-based solutions that offer easy deployment, low cost of ownership, and scalability is aiding in the growth of this market.
- The increasing trend of digitization across various industries is resulting in the increased adoption of small business accounting software by businesses to manage their financial data electronically.
- Growing demand for integrated solutions that can automate various financial processes is fueling the growth of this market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Small Business Accounting Software Market Research Report
By Type
Cloud-based, On-premises
By Application
Banking, Financial Services, and Insurance, Manufacturing, Chemical Industry, Food and Beverage, Others
By Companies
QuickBooks, Xero, Zoho, FreshBooks, Wave Financial, Billy, FreeAgent, Kashoo, OneUp
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Small Business Accounting Software Market Report Segments:
The global Small Business 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
Banking, Financial Services, and Insurance, Manufacturing, Chemical Industry, Food and Beverage, Others
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:
- QuickBooks
- Xero
- Zoho
- FreshBooks
- Wave Financial
- Billy
- FreeAgent
- Kashoo
- OneUp
Highlights of The Small Business 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:
- Banking, Financial Services, and Insurance
- Manufacturing
- Chemical Industry
- Food and Beverage
- Others
- 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 Small Business 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?
Small business accounting software is a computer application that helps small businesses manage their finances. The program can help businesses track expenses, income, and assets. It may also provide tools to forecast future financial needs and make strategic decisions about how to allocate resources.
Some of the major players in the small business accounting software market are QuickBooks, Xero, Zoho, FreshBooks, Wave Financial, Billy, FreeAgent, Kashoo, OneUp.
The small business accounting software market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Small Business Accounting Software Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Small Business Accounting Software Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Small Business Accounting Software Market - Supply Chain
4.5. Global Small Business Accounting Software Market Forecast
4.5.1. Small Business Accounting Software Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Small Business Accounting Software Market Size (000 Units) and Y-o-Y Growth
4.5.3. Small Business Accounting Software Market Absolute $ Opportunity
5. Global Small Business Accounting Software Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Small Business Accounting Software Market Size and Volume Forecast by Type
5.3.1. Cloud-based
5.3.2. On-premises
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Small Business Accounting Software Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Small Business Accounting Software Market Size and Volume Forecast by Application
6.3.1. Banking, Financial Services, and Insurance
6.3.2. Manufacturing
6.3.3. Chemical Industry
6.3.4. Food and Beverage
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Small Business Accounting Software Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Small Business Accounting Software Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Small Business Accounting Software Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Small Business Accounting Software Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Small Business Accounting Software Demand Share Forecast, 2019-2029
9. North America Small Business Accounting Software Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Small Business Accounting Software Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Small Business Accounting Software Market Size and Volume Forecast by Application
9.4.1. Banking, Financial Services, and Insurance
9.4.2. Manufacturing
9.4.3. Chemical Industry
9.4.4. Food and Beverage
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Small Business Accounting Software Market Size and Volume Forecast by Type
9.7.1. Cloud-based
9.7.2. On-premises
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Small Business Accounting Software Demand Share Forecast, 2019-2029
10. Latin America Small Business Accounting Software Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Small Business Accounting Software Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Small Business Accounting Software Market Size and Volume Forecast by Application
10.4.1. Banking, Financial Services, and Insurance
10.4.2. Manufacturing
10.4.3. Chemical Industry
10.4.4. Food and Beverage
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Small Business Accounting Software Market Size and Volume Forecast by Type
10.7.1. Cloud-based
10.7.2. On-premises
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Small Business Accounting Software Demand Share Forecast, 2019-2029
11. Europe Small Business Accounting Software Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Small Business Accounting Software Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Small Business Accounting Software Market Size and Volume Forecast by Application
11.4.1. Banking, Financial Services, and Insurance
11.4.2. Manufacturing
11.4.3. Chemical Industry
11.4.4. Food and Beverage
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Small BusinessAccounting Software Market Size and Volume Forecast by Type
11.7.1. Cloud-based
11.7.2. On-premises
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Small Business Accounting Software Demand Share, 2019-2029
12. Asia Pacific Small Business Accounting Software Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Small Business Accounting Software Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Small Business Accounting Software Market Size and Volume Forecast by Application
12.4.1. Banking, Financial Services, and Insurance
12.4.2. Manufacturing
12.4.3. Chemical Industry
12.4.4. Food and Beverage
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Small Business Accounting Software Market Size and Volume Forecast by Type
12.7.1. Cloud-based
12.7.2. On-premises
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Small Business Accounting Software Demand Share, 2019-2029
13. Middle East & Africa Small Business Accounting Software Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Small Business Accounting Software Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Small Business Accounting Software Market Size and Volume Forecast by Application
13.4.1. Banking, Financial Services, and Insurance
13.4.2. Manufacturing
13.4.3. Chemical Industry
13.4.4. Food and Beverage
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Small Business Accounting Software Market Size and Volume Forecast by Type
13.7.1. Cloud-based
13.7.2. On-premises
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Small Business Accounting Software Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Small Business Accounting Software Market: Market Share Analysis
14.2. Small Business Accounting Software Distributors and Customers
14.3. Small Business Accounting Software Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. QuickBooks
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Xero
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Zoho
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. FreshBooks
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Wave Financial
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Billy
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. FreeAgent
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kashoo
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. OneUp
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook