The Asia Pacific Accounting Software Market is expected to witness market growth of 21.5% CAGR during the forecast period (2022-2028).
The location or mode of deployment of accounting software is also important, be it on-premises, as software-as-a-service (SaaS), or on the cloud. There are general accounting software packages that can be used immediately for all types of businesses, while others require customization to meet the unique needs of a particular industry or firm. Accounting software pricing, like other forms of software, can be flat-rate, per-user-based, time-based, or tiered rates, depending on the amount of service. Representatives from the accounting software business may visit a customer's office to showcase the accounting software but also deploy it effectively and safely inside the firm's accounting department, based on the accounting software chosen.
The rise in automation is promoting the development and use of novel technologies, which has led to a surge in demand for accounting software to help businesses optimize their operations. Moreover, advances in industrial-grade digital technology, a strong preference for cloud-based accounting software, and an increase in the demand for better financial management and tax planning methods all add to the market's growth. Besides that, to cope with continuing tough business competition, businesses are moving toward digitalization and growing implementation of Industry 4.0, necessitating the need for a unified solution and platform to match their needs, accelerating the implementation of accounting software in different sectors.
China's telecommunications sector is presently one of the world's fastest-growing. Constant technological advancements, corporate activity, consumer demand, and communication monitoring have presented the government with a number of obstacles, forcing it to constantly seek out solutions that is expected to allow China to stay linked, business-oriented, and consumer-friendly. As the only single service provider in the country, China Telecom, one of the largest State-Owned Enterprises (SOEs), was in charge of communication services and distribution networks.
The China market dominated the Asia Pacific Others Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $229.5 million by 2028. The Japan market is anticipated to grow at a CAGR of 21.9% during (2022 - 2028). Additionally, The India market is expected to showcase a CAGR of 23.5% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Type, the market is segmented into Commercial, Enterprise, Custom, and Spreadsheets. Based on Deployment Model, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, Manufacturing, Government & Public Sector, Telecom & IT, Media & Entertainment, Healthcare & Life Sciences, Energy & Utilities, Retail & Ecommerce, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Infor, Inc. (Koch Industries), Oracle Corporation, IBM Corporation, Zoho Corporation Pvt. Ltd., Epicor Software Corporation, Workday, Inc, Sage Group plc (Sage Intacct, Inc.), FreshBooks (2ndSite, Inc.), and Kingdee International Software Group Co., Ltd.
The location or mode of deployment of accounting software is also important, be it on-premises, as software-as-a-service (SaaS), or on the cloud. There are general accounting software packages that can be used immediately for all types of businesses, while others require customization to meet the unique needs of a particular industry or firm. Accounting software pricing, like other forms of software, can be flat-rate, per-user-based, time-based, or tiered rates, depending on the amount of service. Representatives from the accounting software business may visit a customer's office to showcase the accounting software but also deploy it effectively and safely inside the firm's accounting department, based on the accounting software chosen.
The rise in automation is promoting the development and use of novel technologies, which has led to a surge in demand for accounting software to help businesses optimize their operations. Moreover, advances in industrial-grade digital technology, a strong preference for cloud-based accounting software, and an increase in the demand for better financial management and tax planning methods all add to the market's growth. Besides that, to cope with continuing tough business competition, businesses are moving toward digitalization and growing implementation of Industry 4.0, necessitating the need for a unified solution and platform to match their needs, accelerating the implementation of accounting software in different sectors.
China's telecommunications sector is presently one of the world's fastest-growing. Constant technological advancements, corporate activity, consumer demand, and communication monitoring have presented the government with a number of obstacles, forcing it to constantly seek out solutions that is expected to allow China to stay linked, business-oriented, and consumer-friendly. As the only single service provider in the country, China Telecom, one of the largest State-Owned Enterprises (SOEs), was in charge of communication services and distribution networks.
The China market dominated the Asia Pacific Others Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $229.5 million by 2028. The Japan market is anticipated to grow at a CAGR of 21.9% during (2022 - 2028). Additionally, The India market is expected to showcase a CAGR of 23.5% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Type, the market is segmented into Commercial, Enterprise, Custom, and Spreadsheets. Based on Deployment Model, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, Manufacturing, Government & Public Sector, Telecom & IT, Media & Entertainment, Healthcare & Life Sciences, Energy & Utilities, Retail & Ecommerce, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Infor, Inc. (Koch Industries), Oracle Corporation, IBM Corporation, Zoho Corporation Pvt. Ltd., Epicor Software Corporation, Workday, Inc, Sage Group plc (Sage Intacct, Inc.), FreshBooks (2ndSite, Inc.), and Kingdee International Software Group Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution
- Services
By Type
- Commercial
- Enterprise
- Custom
- Spreadsheets
By Deployment Model
- On-premise
- Cloud
By Organization Size
- Large Enterprises
- Small & Medium-sized Enterprises (SMEs)
By Vertical
- BFSI
- Manufacturing
- Government & Public Sector
- Telecom & IT
- Media & Entertainment
- Healthcare & Life Sciences
- Energy & Utilities
- Retail & Ecommerce
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- SAP SE
- Infor, Inc. (Koch Industries)
- Oracle Corporation
- IBM Corporation
- Zoho Corporation Pvt. Ltd.
- Epicor Software Corporation
- Workday, Inc
- Sage Group plc (Sage Intacct, Inc.)
- FreshBooks (2ndSite, Inc.)
- Kingdee International Software Group Co., Ltd.
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. Asia Pacific Accounting Software Market by Component
Chapter 5. Asia Pacific Accounting Software Market by Type
Chapter 6. Asia Pacific Accounting Software Market by Deployment Model
Chapter 7. Asia Pacific Accounting Software Market by Organization Size
Chapter 8. Asia Pacific Accounting Software Market by Vertical
Chapter 9. Asia Pacific Accounting Software Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- SAP SE
- Infor, Inc. (Koch Industries)
- Oracle Corporation
- IBM Corporation
- Zoho Corporation Pvt. Ltd.
- Epicor Software Corporation
- Workday, Inc
- Sage Group plc (Sage Intacct, Inc.)
- FreshBooks (2ndSite, Inc.)
- Kingdee International Software Group Co., Ltd.
Methodology
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