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Accounting Software Market By Component, By Deployment Mode, By Enterprise Size, By Type, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 315 Pages
  • April 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640324
Description Jump to:
The accounting software is a used by accounting professionals, bookkeepers, and business owners to process accounting transactions and manage accounts. It provides a variety of benefits such as, account receivable & payable, tax compliance, cash flow analysis, trial balance, balance sheet, invoicing, income and expanses statements, and payroll. Accounting software improves corporate performance and streamline the business process. In addition, it saves money and time and allows organizations to execute multiple tasks at the same time. Furthermore, it allows efficient and fast processing of financial transaction. Moreover, it eliminates manual process and improve accuracy and productivity by reduction of approval process. Furthermore, the accounting software provides industries with flexibility and scalability to enable a smooth integration of business processes, which ultimately support the market growth.

Factor such as surg in demand for cloud-based accounting software and increase adoption of innovative technology to increases business productivity, drive the growth of the market. In addition, automation in accounting processes for providing greater efficiency by eliminating manual tasks, drive the market growth. Furthermore, increase in investment for artificial intelligence-oriented accounting software and rise in adoption of mobile and app-based accounting software, are anticipated to strengthen the market growth. However, data security & privacy concerns and maintenance & customization costs hamper the market growth.

The global accounting software market is segmented into component, deployment mode, type, organization size, industry vertical, and region. By component, the market is bifurcated into software and services. On the basis of deployment mode, it is segregated into cloud and on-premises. Depending on type, it is fragmented into spreadsheets, commercial accounting software, enterprise accounting software and custom accounting software. As per industry vertical, it is differentiated into BFSI, retail & e-commerce, manufacturing, IT & telecom, healthcare, government & public sector, energy & utilities, media & entertainment, and others. According to organization size it is categorized into small to medium enterprise (SMEs) and large-scale enterprise. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The market players operating in the accounting software market, include Infor Inc., Intuit, Inc., Microsoft corporation, Oracle Corporation, Sage Group Plc, SAP SE, Thomson Reuters, Xero Ltd, Zeta Software LLC and Zoho Corporation. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the accounting software market analysis from 2020 to 2030 to identify the prevailing accounting software market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the accounting software market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global accounting software market trends, key players, Accounting Software Industry segments, application areas, and market growth strategies.

Key Market Segments


By Component

  • Solution
  • Services

By Deployment Mode

  • On premise
  • Cloud

By Enterprise Size

  • Large Enterprises
  • SMEs

By Type

  • Spreadsheets
  • Commercial Accounting Software
  • Enterprise Accounting Software
  • Custom Accounting Software

By Industry Vertical

  • BFSI
  • Retail and Ecommerce
  • Manufacturing
  • IT and Telecom
  • Healthcare
  • Government and Public Sector
  • Energy and Utilities
  • Media and Entertainment
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • United Kingdom
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • China
  • India
  • Japan
  • LAMEA
  • UAE
  • Argentina
  • Rest of LAMEA

Key Market Players

  • Infor Inc.
  • Intuit, Inc.
  • Microsoft corporation
  • Oracle Corporation
  • Sage Group Plc
  • Sage Group plc
  • SAP SE
  • Thomson Reuters
  • Xero Ltd
  • Zeta Software LLC
  • Zoho Corporation

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Key Regulation Analysis
3.8. Regulatory Guidelines
CHAPTER 4: ACCOUNTING SOFTWARE MARKET, BY COMPONENT
4.1 Overview
4.1.1 Market size and forecast
4.2 Solution
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Services
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: ACCOUNTING SOFTWARE MARKET, BY DEPLOYMENT MODE
5.1 Overview
5.1.1 Market size and forecast
5.2 On premise
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Cloud
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: ACCOUNTING SOFTWARE MARKET, BY ENTERPRISE SIZE
6.1 Overview
6.1.1 Market size and forecast
6.2 Large Enterprises
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 SMEs
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
CHAPTER 7: ACCOUNTING SOFTWARE MARKET, BY TYPE
7.1 Overview
7.1.1 Market size and forecast
7.2 Spreadsheets
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Commercial Accounting Software
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
7.4 Enterprise Accounting Software
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market analysis by country
7.5 Custom Accounting Software
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market analysis by country
CHAPTER 8: ACCOUNTING SOFTWARE MARKET, BY INDUSTRY VERTICAL
8.1 Overview
8.1.1 Market size and forecast
8.2 BFSI
8.2.1 Key market trends, growth factors and opportunities
8.2.2 Market size and forecast, by region
8.2.3 Market analysis by country
8.3 Retail and Ecommerce
8.3.1 Key market trends, growth factors and opportunities
8.3.2 Market size and forecast, by region
8.3.3 Market analysis by country
8.4 Manufacturing
8.4.1 Key market trends, growth factors and opportunities
8.4.2 Market size and forecast, by region
8.4.3 Market analysis by country
8.5 IT and Telecom
8.5.1 Key market trends, growth factors and opportunities
8.5.2 Market size and forecast, by region
8.5.3 Market analysis by country
8.6 Healthcare
8.6.1 Key market trends, growth factors and opportunities
8.6.2 Market size and forecast, by region
8.6.3 Market analysis by country
8.7 Government and Public Sector
8.7.1 Key market trends, growth factors and opportunities
8.7.2 Market size and forecast, by region
8.7.3 Market analysis by country
8.8 Energy and Utilities
8.8.1 Key market trends, growth factors and opportunities
8.8.2 Market size and forecast, by region
8.8.3 Market analysis by country
8.9 Media and Entertainment
8.9.1 Key market trends, growth factors and opportunities
8.9.2 Market size and forecast, by region
8.9.3 Market analysis by country
9.0 Others
9.0.1 Key market trends, growth factors and opportunities
9.0.2 Market size and forecast, by region
9.0.3 Market analysis by country
CHAPTER 9: ACCOUNTING SOFTWARE MARKET, BY REGION
9.1 Overview
9.1.1 Market size and forecast
9.2 North America
9.2.1 Key trends and opportunities
9.2.2 North America Market size and forecast, by Component
9.2.3 North America Market size and forecast, by Deployment Mode
9.2.4 North America Market size and forecast, by Enterprise Size
9.2.5 North America Market size and forecast, by Type
9.2.6 North America Market size and forecast, by Industry Vertical
9.2.7 North America Market size and forecast, by country
9.2.7.1 U.S.
9.2.7.1.1 Market size and forecast, by Component
9.2.7.1.2 Market size and forecast, by Deployment Mode
9.2.7.1.3 Market size and forecast, by Enterprise Size
9.2.7.1.4 Market size and forecast, by Type
9.2.7.1.5 Market size and forecast, by Industry Vertical
9.2.7.2 Canada
9.2.7.2.1 Market size and forecast, by Component
9.2.7.2.2 Market size and forecast, by Deployment Mode
9.2.7.2.3 Market size and forecast, by Enterprise Size
9.2.7.2.4 Market size and forecast, by Type
9.2.7.2.5 Market size and forecast, by Industry Vertical
9.3 Europe
9.3.1 Key trends and opportunities
9.3.2 Europe Market size and forecast, by Component
9.3.3 Europe Market size and forecast, by Deployment Mode
9.3.4 Europe Market size and forecast, by Enterprise Size
9.3.5 Europe Market size and forecast, by Type
9.3.6 Europe Market size and forecast, by Industry Vertical
9.3.7 Europe Market size and forecast, by country
9.3.7.1 United Kingdom
9.3.7.1.1 Market size and forecast, by Component
9.3.7.1.2 Market size and forecast, by Deployment Mode
9.3.7.1.3 Market size and forecast, by Enterprise Size
9.3.7.1.4 Market size and forecast, by Type
9.3.7.1.5 Market size and forecast, by Industry Vertical
9.3.7.2 Germany
9.3.7.2.1 Market size and forecast, by Component
9.3.7.2.2 Market size and forecast, by Deployment Mode
9.3.7.2.3 Market size and forecast, by Enterprise Size
9.3.7.2.4 Market size and forecast, by Type
9.3.7.2.5 Market size and forecast, by Industry Vertical
9.3.7.3 France
9.3.7.3.1 Market size and forecast, by Component
9.3.7.3.2 Market size and forecast, by Deployment Mode
9.3.7.3.3 Market size and forecast, by Enterprise Size
9.3.7.3.4 Market size and forecast, by Type
9.3.7.3.5 Market size and forecast, by Industry Vertical
9.3.7.4 Italy
9.3.7.4.1 Market size and forecast, by Component
9.3.7.4.2 Market size and forecast, by Deployment Mode
9.3.7.4.3 Market size and forecast, by Enterprise Size
9.3.7.4.4 Market size and forecast, by Type
9.3.7.4.5 Market size and forecast, by Industry Vertical
9.3.7.5 Spain
9.3.7.5.1 Market size and forecast, by Component
9.3.7.5.2 Market size and forecast, by Deployment Mode
9.3.7.5.3 Market size and forecast, by Enterprise Size
9.3.7.5.4 Market size and forecast, by Type
9.3.7.5.5 Market size and forecast, by Industry Vertical
9.3.7.6 Rest of Europe
9.3.7.6.1 Market size and forecast, by Component
9.3.7.6.2 Market size and forecast, by Deployment Mode
9.3.7.6.3 Market size and forecast, by Enterprise Size
9.3.7.6.4 Market size and forecast, by Type
9.3.7.6.5 Market size and forecast, by Industry Vertical
9.4 Asia-Pacific
9.4.1 Key trends and opportunities
9.4.2 Asia-Pacific Market size and forecast, by Component
9.4.3 Asia-Pacific Market size and forecast, by Deployment Mode
9.4.4 Asia-Pacific Market size and forecast, by Enterprise Size
9.4.5 Asia-Pacific Market size and forecast, by Type
9.4.6 Asia-Pacific Market size and forecast, by Industry Vertical
9.4.7 Asia-Pacific Market size and forecast, by country
9.4.7.1 China
9.4.7.1.1 Market size and forecast, by Component
9.4.7.1.2 Market size and forecast, by Deployment Mode
9.4.7.1.3 Market size and forecast, by Enterprise Size
9.4.7.1.4 Market size and forecast, by Type
9.4.7.1.5 Market size and forecast, by Industry Vertical
9.4.7.2 India
9.4.7.2.1 Market size and forecast, by Component
9.4.7.2.2 Market size and forecast, by Deployment Mode
9.4.7.2.3 Market size and forecast, by Enterprise Size
9.4.7.2.4 Market size and forecast, by Type
9.4.7.2.5 Market size and forecast, by Industry Vertical
9.4.7.3 Japan
9.4.7.3.1 Market size and forecast, by Component
9.4.7.3.2 Market size and forecast, by Deployment Mode
9.4.7.3.3 Market size and forecast, by Enterprise Size
9.4.7.3.4 Market size and forecast, by Type
9.4.7.3.5 Market size and forecast, by Industry Vertical
9.4.7.4 Australia
9.4.7.4.1 Market size and forecast, by Component
9.4.7.4.2 Market size and forecast, by Deployment Mode
9.4.7.4.3 Market size and forecast, by Enterprise Size
9.4.7.4.4 Market size and forecast, by Type
9.4.7.4.5 Market size and forecast, by Industry Vertical
9.4.7.5 South Korea
9.4.7.5.1 Market size and forecast, by Component
9.4.7.5.2 Market size and forecast, by Deployment Mode
9.4.7.5.3 Market size and forecast, by Enterprise Size
9.4.7.5.4 Market size and forecast, by Type
9.4.7.5.5 Market size and forecast, by Industry Vertical
9.4.7.6 Rest of Asia-Pacific
9.4.7.6.1 Market size and forecast, by Component
9.4.7.6.2 Market size and forecast, by Deployment Mode
9.4.7.6.3 Market size and forecast, by Enterprise Size
9.4.7.6.4 Market size and forecast, by Type
9.4.7.6.5 Market size and forecast, by Industry Vertical
9.5 LAMEA
9.5.1 Key trends and opportunities
9.5.2 LAMEA Market size and forecast, by Component
9.5.3 LAMEA Market size and forecast, by Deployment Mode
9.5.4 LAMEA Market size and forecast, by Enterprise Size
9.5.5 LAMEA Market size and forecast, by Type
9.5.6 LAMEA Market size and forecast, by Industry Vertical
9.5.7 LAMEA Market size and forecast, by country
9.5.7.1 UAE
9.5.7.1.1 Market size and forecast, by Component
9.5.7.1.2 Market size and forecast, by Deployment Mode
9.5.7.1.3 Market size and forecast, by Enterprise Size
9.5.7.1.4 Market size and forecast, by Type
9.5.7.1.5 Market size and forecast, by Industry Vertical
9.5.7.2 Argentina
9.5.7.2.1 Market size and forecast, by Component
9.5.7.2.2 Market size and forecast, by Deployment Mode
9.5.7.2.3 Market size and forecast, by Enterprise Size
9.5.7.2.4 Market size and forecast, by Type
9.5.7.2.5 Market size and forecast, by Industry Vertical
9.5.7.3 Rest of LAMEA
9.5.7.3.1 Market size and forecast, by Component
9.5.7.3.2 Market size and forecast, by Deployment Mode
9.5.7.3.3 Market size and forecast, by Enterprise Size
9.5.7.3.4 Market size and forecast, by Type
9.5.7.3.5 Market size and forecast, by Industry Vertical
CHAPTER 10: COMPANY LANDSCAPE
10.1. Introduction
10.2. Top winning strategies
10.3. Product Mapping of Top 10 Player
10.4. Competitive Dashboard
10.5. Competitive Heatmap
10.6. Key developments
CHAPTER 11: COMPANY PROFILES
11.1 Infor Inc.
11.1.1 Company overview
11.1.2 Company snapshot
11.1.3 Operating business segments
11.1.4 Product portfolio
11.1.5 Business performance
11.1.6 Key strategic moves and developments
11.2 Intuit, Inc.
11.2.1 Company overview
11.2.2 Company snapshot
11.2.3 Operating business segments
11.2.4 Product portfolio
11.2.5 Business performance
11.2.6 Key strategic moves and developments
11.3 Microsoft corporation
11.3.1 Company overview
11.3.2 Company snapshot
11.3.3 Operating business segments
11.3.4 Product portfolio
11.3.5 Business performance
11.3.6 Key strategic moves and developments
11.4 Oracle Corporation
11.4.1 Company overview
11.4.2 Company snapshot
11.4.3 Operating business segments
11.4.4 Product portfolio
11.4.5 Business performance
11.4.6 Key strategic moves and developments
11.5 Sage Group Plc
11.5.1 Company overview
11.5.2 Company snapshot
11.5.3 Operating business segments
11.5.4 Product portfolio
11.5.5 Business performance
11.5.6 Key strategic moves and developments
11.6 Sage Group plc
11.6.1 Company overview
11.6.2 Company snapshot
11.6.3 Operating business segments
11.6.4 Product portfolio
11.6.5 Business performance
11.6.6 Key strategic moves and developments
11.7 SAP SE
11.7.1 Company overview
11.7.2 Company snapshot
11.7.3 Operating business segments
11.7.4 Product portfolio
11.7.5 Business performance
11.7.6 Key strategic moves and developments
11.8 Thomson Reuters
11.8.1 Company overview
11.8.2 Company snapshot
11.8.3 Operating business segments
11.8.4 Product portfolio
11.8.5 Business performance
11.8.6 Key strategic moves and developments
11.9 Xero Ltd
11.9.1 Company overview
11.9.2 Company snapshot
11.9.3 Operating business segments
11.9.4 Product portfolio
11.9.5 Business performance
11.9.6 Key strategic moves and developments
11.10 Zeta Software LLC
11.10.1 Company overview
11.10.2 Company snapshot
11.10.3 Operating business segments
11.10.4 Product portfolio
11.10.5 Business performance
11.10.6 Key strategic moves and developments
11.11 Zoho Corporation
11.11.1 Company overview
11.11.2 Company snapshot
11.11.3 Operating business segments
11.11.4 Product portfolio
11.11.5 Business performance
11.11.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Accounting Software Market, by Component, 2020-2030, ($Million)
Table 2. Accounting Software Market Revenue, for Solution, by Region, 2020-2030, ($Million)
Table 3. Accounting Software Market Solution by Country, 2020-2030, ($Million)
Table 4. Accounting Software Market Revenue, for Services, by Region, 2020-2030, ($Million)
Table 5. Accounting Software Market Services by Country, 2020-2030, ($Million)
Table 6. Global Accounting Software Market, by Deployment Mode, 2020-2030, ($Million)
Table 7. Accounting Software Market Revenue, for on Premise, by Region, 2020-2030, ($Million)
Table 8. Accounting Software Market on Premise by Country, 2020-2030, ($Million)
Table 9. Accounting Software Market Revenue, for Cloud, by Region, 2020-2030, ($Million)
Table 10. Accounting Software Market Cloud by Country, 2020-2030, ($Million)
Table 11. Global Accounting Software Market, by Enterprise Size, 2020-2030, ($Million)
Table 12. Accounting Software Market Revenue, for Large Enterprises, by Region, 2020-2030, ($Million)
Table 13. Accounting Software Market Large Enterprises by Country, 2020-2030, ($Million)
Table 14. Accounting Software Market Revenue, for Smes, by Region, 2020-2030, ($Million)
Table 15. Accounting Software Market Smes by Country, 2020-2030, ($Million)
Table 16. Global Accounting Software Market, by Type, 2020-2030, ($Million)
Table 17. Accounting Software Market Revenue, for Spreadsheets, by Region, 2020-2030, ($Million)
Table 18. Accounting Software Market Spreadsheets by Country, 2020-2030, ($Million)
Table 19. Accounting Software Market Revenue, for Commercial Accounting Software, by Region, 2020-2030, ($Million)
Table 20. Accounting Software Market Commercial Accounting Software by Country, 2020-2030, ($Million)
Table 21. Accounting Software Market Revenue, for Enterprise Accounting Software, by Region, 2020-2030, ($Million)
Table 22. Accounting Software Market Enterprise Accounting Software by Country, 2020-2030, ($Million)
Table 23. Accounting Software Market Revenue, for Custom Accounting Software, by Region, 2020-2030, ($Million)
Table 24. Accounting Software Market Custom Accounting Software by Country, 2020-2030, ($Million)
Table 25. Global Accounting Software Market, by Industry Vertical, 2020-2030, ($Million)
Table 26. Accounting Software Market Revenue, for Bfsi, by Region, 2020-2030, ($Million)
Table 27. Accounting Software Market Bfsi by Country, 2020-2030, ($Million)
Table 28. Accounting Software Market Revenue, for Retail and Ecommerce, by Region, 2020-2030, ($Million)
Table 29. Accounting Software Market Retail and Ecommerce by Country, 2020-2030, ($Million)
Table 30. Accounting Software Market Revenue, for Manufacturing, by Region, 2020-2030, ($Million)
Table 31. Accounting Software Market Manufacturing by Country, 2020-2030, ($Million)
Table 32. Accounting Software Market Revenue, for It and Telecom, by Region, 2020-2030, ($Million)
Table 33. Accounting Software Market It and Telecom by Country, 2020-2030, ($Million)
Table 34. Accounting Software Market Revenue, for Healthcare, by Region, 2020-2030, ($Million)
Table 35. Accounting Software Market Healthcare by Country, 2020-2030, ($Million)
Table 36. Accounting Software Market Revenue, for Government and Public Sector, by Region, 2020-2030, ($Million)
Table 37. Accounting Software Market Government and Public Sector by Country, 2020-2030, ($Million)
Table 38. Accounting Software Market Revenue, for Energy and Utilities, by Region, 2020-2030, ($Million)
Table 39. Accounting Software Market Energy and Utilities by Country, 2020-2030, ($Million)
Table 40. Accounting Software Market Revenue, for Media and Entertainment, by Region, 2020-2030, ($Million)
Table 41. Accounting Software Market Media and Entertainment by Country, 2020-2030, ($Million)
Table 42. Accounting Software Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 43. Accounting Software Market Others by Country, 2020-2030, ($Million)
Table 44. Accounting Software Market, by Region, 2020-2030, ($Million)
Table 45. North America Accounting Software Market, by Component, 2020-2030, ($Million)
Table 46. North America Accounting Software Market, by Deployment Mode, 2020-2030, ($Million)
Table 47. North America Accounting Software Market, by Enterprise Size, 2020-2030, ($Million)
Table 48. North America Accounting Software Market, by Type, 2020-2030, ($Million)
Table 49. North America Accounting Software Market, by Industry Vertical, 2020-2030, ($Million)
Table 50. North America Accounting Software Market, by Country, 2020-2030, ($Million)
Table 51. U.S. Accounting Software Market by Component 2020-2030, ($Million)
Table 52. U.S. Accounting Software Market by Deployment Mode 2020-2030, ($Million)
Table 53. U.S. Accounting Software Market by Enterprise Size 2020-2030, ($Million)
Table 54. U.S. Accounting Software Market by Type 2020-2030, ($Million)
Table 55. U.S. Accounting Software Market by Industry Vertical 2020-2030, ($Million)
Table 56. Canada Accounting Software Market by Component 2020-2030, ($Million)
Table 57. Canada Accounting Software Market by Deployment Mode 2020-2030, ($Million)
Table 58. Canada Accounting Software Market by Enterprise Size 2020-2030, ($Million)
Table 59. Canada Accounting Software Market by Type 2020-2030, ($Million)
Table 60. Canada Accounting Software Market by Industry Vertical 2020-2030, ($Million)
Table 61. Europe Accounting Software Market, by Component, 2020-2030, ($Million)
Table 62. Europe Accounting Software Market, by Deployment Mode, 2020-2030, ($Million)
Table 63. Europe Accounting Software Market, by Enterprise Size, 2020-2030, ($Million)
Table 64. Europe Accounting Software Market, by Type, 2020-2030, ($Million)
Table 65. Europe Accounting Software Market, by Industry Vertical, 2020-2030, ($Million)
Table 66. Europe Accounting Software Market, by Country, 2020-2030, ($Million)
Table 67. United Kingdom Accounting Software Market by Component 2020-2030, ($Million)
Table 68. United Kingdom Accounting Software Market by Deployment Mode 2020-2030, ($Million)
Table 69. United Kingdom Accounting Software Market by Enterprise Size 2020-2030, ($Million)
Table 70. United Kingdom Accounting Software Market by Type 2020-2030, ($Million)
Table 71. United Kingdom Accounting Software Market by Industry Vertical 2020-2030, ($Million)
Table 72. Germany Accounting Software Market by Component 2020-2030, ($Million)
Table 73. Germany Accounting Software Market by Deployment Mode 2020-2030, ($Million)
Table 74. Germany Accounting Software Market by Enterprise Size 2020-2030, ($Million)
Table 75. Germany Accounting Software Market by Type 2020-2030, ($Million)
Table 76. Germany Accounting Software Market by Industry Vertical 2020-2030, ($Million)
Table 77. France Accounting Software Market by Component 2020-2030, ($Million)
Table 78. France Accounting Software Market by Deployment Mode 2020-2030, ($Million)
Table 79. France Accounting Software Market by Enterprise Size 2020-2030, ($Million)
Table 80. France Accounting Software Market by Type 2020-2030, ($Million)
Table 81. France Accounting Software Market by Industry Vertical 2020-2030, ($Million)
Table 82. Italy Accounting Software Market by Component 2020-2030, ($Million)
Table 83. Italy Accounting Software Market by Deployment Mode 2020-2030, ($Million)
Table 84. Italy Accounting Software Market by Enterprise Size 2020-2030, ($Million)
Table 85. Italy Accounting Software Market by Type 2020-2030, ($Million)
Table 86. Italy Accounting Software Market by Industry Vertical 2020-2030, ($Million)
Table 87. Spain Accounting Software Market by Component 2020-2030, ($Million)
Table 88. Spain Accounting Software Market by Deployment Mode 2020-2030, ($Million)
Table 89. Spain Accounting Software Market by Enterprise Size 2020-2030, ($Million)
Table 90. Spain Accounting Software Market by Type 2020-2030, ($Million)
Table 91. Spain Accounting Software Market by Industry Vertical 2020-2030, ($Million)
Table 92. Rest of Europe Accounting Software Market by Component 2020-2030, ($Million)
Table 93. Rest of Europe Accounting Software Market by Deployment Mode 2020-2030, ($Million)
Table 94. Rest of Europe Accounting Software Market by Enterprise Size 2020-2030, ($Million)
Table 95. Rest of Europe Accounting Software Market by Type 2020-2030, ($Million)
Table 96. Rest of Europe Accounting Software Market by Industry Vertical 2020-2030, ($Million)
Table 97. Asia-Pacific Accounting Software Market, by Component, 2020-2030, ($Million)
Table 98. Asia-Pacific Accounting Software Market, by Deployment Mode, 2020-2030, ($Million)
Table 99. Asia-Pacific Accounting Software Market, by Enterprise Size, 2020-2030, ($Million)
Table 100. Asia-Pacific Accounting Software Market, by Type, 2020-2030, ($Million)
Table 101. Asia-Pacific Accounting Software Market, by Industry Vertical, 2020-2030, ($Million)
Table 102. Asia-Pacific Accounting Software Market, by Country, 2020-2030, ($Million)
Table 103. China Accounting Software Market by Component 2020-2030, ($Million)
Table 104. China Accounting Software Market by Deployment Mode 2020-2030, ($Million)
Table 105. China Accounting Software Market by Enterprise Size 2020-2030, ($Million)
Table 106. China Accounting Software Market by Type 2020-2030, ($Million)
Table 107. China Accounting Software Market by Industry Vertical 2020-2030, ($Million)
Table 108. India Accounting Software Market by Component 2020-2030, ($Million)
Table 109. India Accounting Software Market by Deployment Mode 2020-2030, ($Million)
Table 110. India Accounting Software Market by Enterprise Size 2020-2030, ($Million)
Table 111. India Accounting Software Market by Type 2020-2030, ($Million)
Table 112. India Accounting Software Market by Industry Vertical 2020-2030, ($Million)
Table 113. Japan Accounting Software Market by Component 2020-2030, ($Million)
Table 114. Japan Accounting Software Market by Deployment Mode 2020-2030, ($Million)
Table 115. Japan Accounting Software Market by Enterprise Size 2020-2030, ($Million)
Table 116. Japan Accounting Software Market by Type 2020-2030, ($Million)
Table 117. Japan Accounting Software Market by Industry Vertical 2020-2030, ($Million)
Table 118. Australia Accounting Software Market by Component 2020-2030, ($Million)
Table 119. Australia Accounting Software Market by Deployment Mode 2020-2030, ($Million)
Table 120. Australia Accounting Software Market by Enterprise Size 2020-2030, ($Million)
Table 121. Australia Accounting Software Market by Type 2020-2030, ($Million)
Table 122. Australia Accounting Software Market by Industry Vertical 2020-2030, ($Million)
Table 123. South Korea Accounting Software Market by Component 2020-2030, ($Million)
Table 124. South Korea Accounting Software Market by Deployment Mode 2020-2030, ($Million)
Table 125. South Korea Accounting Software Market by Enterprise Size 2020-2030, ($Million)
Table 126. South Korea Accounting Software Market by Type 2020-2030, ($Million)
Table 127. South Korea Accounting Software Market by Industry Vertical 2020-2030, ($Million)
Table 128. Rest of Asia-Pacific Accounting Software Market by Component 2020-2030, ($Million)
Table 129. Rest of Asia-Pacific Accounting Software Market by Deployment Mode 2020-2030, ($Million)
Table 130. Rest of Asia-Pacific Accounting Software Market by Enterprise Size 2020-2030, ($Million)
Table 131. Rest of Asia-Pacific Accounting Software Market by Type 2020-2030, ($Million)
Table 132. Rest of Asia-Pacific Accounting Software Market by Industry Vertical 2020-2030, ($Million)
Table 133. LAMEA Accounting Software Market, by Component, 2020-2030, ($Million)
Table 134. LAMEA Accounting Software Market, by Deployment Mode, 2020-2030, ($Million)
Table 135. LAMEA Accounting Software Market, by Enterprise Size, 2020-2030, ($Million)
Table 136. LAMEA Accounting Software Market, by Type, 2020-2030, ($Million)
Table 137. LAMEA Accounting Software Market, by Industry Vertical, 2020-2030, ($Million)
Table 138. LAMEA Accounting Software Market, by Country, 2020-2030, ($Million)
Table 139. UAE Accounting Software Market by Component 2020-2030, ($Million)
Table 140. UAE Accounting Software Market by Deployment Mode 2020-2030, ($Million)
Table 141. UAE Accounting Software Market by Enterprise Size 2020-2030, ($Million)
Table 142. UAE Accounting Software Market by Type 2020-2030, ($Million)
Table 143. UAE Accounting Software Market by Industry Vertical 2020-2030, ($Million)
Table 144. Argentina Accounting Software Market by Component 2020-2030, ($Million)
Table 145. Argentina Accounting Software Market by Deployment Mode 2020-2030, ($Million)
Table 146. Argentina Accounting Software Market by Enterprise Size 2020-2030, ($Million)
Table 147. Argentina Accounting Software Market by Type 2020-2030, ($Million)
Table 148. Argentina Accounting Software Market by Industry Vertical 2020-2030, ($Million)
Table 149. Rest of LAMEA Accounting Software Market by Component 2020-2030, ($Million)
Table 150. Rest of LAMEA Accounting Software Market by Deployment Mode 2020-2030, ($Million)
Table 151. Rest of LAMEA Accounting Software Market by Enterprise Size 2020-2030, ($Million)
Table 152. Rest of LAMEA Accounting Software Market by Type 2020-2030, ($Million)
Table 153. Rest of LAMEA Accounting Software Market by Industry Vertical 2020-2030, ($Million)
Table 154. Infor Inc.: Company Snapshot
Table 155. Infor Inc.: Operating Segments
Table 156. Infor Inc.: Product Portfolio
Table 157. Infor Inc.: Net Sales
Table 158. Infor Inc.: Key Stratergies
Table 159. Intuit, Inc.: Company Snapshot
Table 160. Intuit, Inc.: Operating Segments
Table 161. Intuit, Inc.: Product Portfolio
Table 162. Intuit, Inc.: Net Sales
Table 163. Intuit, Inc.: Key Stratergies
Table 164. Microsoft Corporation: Company Snapshot
Table 165. Microsoft Corporation: Operating Segments
Table 166. Microsoft Corporation: Product Portfolio
Table 167. Microsoft Corporation: Net Sales
Table 168. Microsoft Corporation: Key Stratergies
Table 169. Oracle Corporation: Company Snapshot
Table 170. Oracle Corporation: Operating Segments
Table 171. Oracle Corporation: Product Portfolio
Table 172. Oracle Corporation: Net Sales
Table 173. Oracle Corporation: Key Stratergies
Table 174. Sage Group plc: Company Snapshot
Table 175. Sage Group plc: Operating Segments
Table 176. Sage Group plc: Product Portfolio
Table 177. Sage Group plc: Net Sales
Table 178. Sage Group plc: Key Stratergies
Table 179. Sage Group plc: Company Snapshot
Table 180. Sage Group plc: Operating Segments
Table 181. Sage Group plc: Product Portfolio
Table 182. Sage Group plc: Net Sales
Table 183. Sage Group plc: Key Stratergies
Table 184. Sap Se: Company Snapshot
Table 185. Sap Se: Operating Segments
Table 186. Sap Se: Product Portfolio
Table 187. Sap Se: Net Sales
Table 188. Sap Se: Key Stratergies
Table 189. Thomson Reuters: Company Snapshot
Table 190. Thomson Reuters: Operating Segments
Table 191. Thomson Reuters: Product Portfolio
Table 192. Thomson Reuters: Net Sales
Table 193. Thomson Reuters: Key Stratergies
Table 194. Xero Ltd: Company Snapshot
Table 195. Xero Ltd: Operating Segments
Table 196. Xero Ltd: Product Portfolio
Table 197. Xero Ltd: Net Sales
Table 198. Xero Ltd: Key Stratergies
Table 199. Zeta Software LLC: Company Snapshot
Table 200. Zeta Software LLC: Operating Segments
Table 201. Zeta Software LLC: Product Portfolio
Table 202. Zeta Software LLC: Net Sales
Table 203. Zeta Software LLC: Key Stratergies
Table 204. Zoho Corporation: Company Snapshot
Table 205. Zoho Corporation: Operating Segments
Table 206. Zoho Corporation: Product Portfolio
Table 207. Zoho Corporation: Net Sales
Table 208. Zoho Corporation: Key Stratergies
LIST OF FIGURES
Figure 1. Accounting Software Market Segmentation
Figure 2. Accounting Software Market, 2020-2030
Figure 3. Accounting Software Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Accounting Software Market:Drivers, Restraints and Opportunities
Figure 13. Accounting Software Market, by Component, 2020 (%)
Figure 14. Comparative Share Analysis of Solution Accounting Software Market, 2020-2030 (%)
Figure 15. Comparative Share Analysis of Services Accounting Software Market, 2020-2030 (%)
Figure 16. Accounting Software Market, by Deployment Mode, 2020 (%)
Figure 17. Comparative Share Analysis of on Premise Accounting Software Market, 2020-2030 (%)
Figure 18. Comparative Share Analysis of Cloud Accounting Software Market, 2020-2030 (%)
Figure 19. Accounting Software Market, by Enterprise Size, 2020 (%)
Figure 20. Comparative Share Analysis of Large Enterprises Accounting Software Market, 2020-2030 (%)
Figure 21. Comparative Share Analysis of SMEs Accounting Software Market, 2020-2030 (%)
Figure 22. Accounting Software Market, by Type, 2020 (%)
Figure 23. Comparative Share Analysis of Spreadsheets Accounting Software Market, 2020-2030 (%)
Figure 24. Comparative Share Analysis of Commercial Accounting Software Accounting Software Market, 2020-2030 (%)
Figure 25. Comparative Share Analysis of Enterprise Accounting Software Accounting Software Market, 2020-2030 (%)
Figure 26. Comparative Share Analysis of Custom Accounting Software Accounting Software Market, 2020-2030 (%)
Figure 27. Accounting Software Market, by Industry Vertical, 2020 (%)
Figure 28. Comparative Share Analysis of Bfsi Accounting Software Market, 2020-2030 (%)
Figure 29. Comparative Share Analysis of Retail and Ecommerce Accounting Software Market, 2020-2030 (%)
Figure 30. Comparative Share Analysis of Manufacturing Accounting Software Market, 2020-2030 (%)
Figure 31. Comparative Share Analysis of IT and Telecom Accounting Software Market, 2020-2030 (%)
Figure 32. Comparative Share Analysis of Healthcare Accounting Software Market, 2020-2030 (%)
Figure 33. Comparative Share Analysis of Government and Public Sector Accounting Software Market, 2020-2030 (%)
Figure 34. Comparative Share Analysis of Energy and Utilities Accounting Software Market, 2020-2030 (%)
Figure 35. Comparative Share Analysis of Media and Entertainment Accounting Software Market, 2020-2030 (%)
Figure 36. Comparative Share Analysis of Others Accounting Software Market, 2020-2030 (%)
Figure 37. Accounting Software Market by Region, 2020
Figure 38. U.S. Accounting Software Market, 2020-2030 ($Million)
Figure 39. Canada Accounting Software Market, 2020-2030 ($Million)
Figure 40. United Kingdom Accounting Software Market, 2020-2030 ($Million)
Figure 41. Germany Accounting Software Market, 2020-2030 ($Million)
Figure 42. France Accounting Software Market, 2020-2030 ($Million)
Figure 43. Italy Accounting Software Market, 2020-2030 ($Million)
Figure 44. Spain Accounting Software Market, 2020-2030 ($Million)
Figure 45. Rest of Europe Accounting Software Market, 2020-2030 ($Million)
Figure 46. China Accounting Software Market, 2020-2030 ($Million)
Figure 47. India Accounting Software Market, 2020-2030 ($Million)
Figure 48. Japan Accounting Software Market, 2020-2030 ($Million)
Figure 49. Australia Accounting Software Market, 2020-2030 ($Million)
Figure 50. South Korea Accounting Software Market, 2020-2030 ($Million)
Figure 51. Rest of Asia-Pacific Accounting Software Market, 2020-2030 ($Million)
Figure 52. Uae Accounting Software Market, 2020-2030 ($Million)
Figure 53. Argentina Accounting Software Market, 2020-2030 ($Million)
Figure 54. Rest of LAMEA Accounting Software Market, 2020-2030 ($Million)
Figure 55. Top Winning Strategies, by Year
Figure 56. Top Winning Strategies, by Development
Figure 57. Top Winning Strategies, by Company
Figure 58. Product Mapping of Top 10 Players
Figure 59. Competitive Dashboard
Figure 60. Competitive Heatmap of Top 10 Key Players
Figure 61. Infor Inc. Net Sales, ($Million)
Figure 62. Intuit, Inc. Net Sales, ($Million)
Figure 63. Microsoft Corporation.: Net Sales, ($Million)
Figure 64. Oracle Corporation.: Net Sales, ($Million)
Figure 65. Sage Group PLC.: Net Sales, ($Million)
Figure 66. Sage Group PLC.: Net Sales, ($Million)
Figure 67. SAP SE.: Net Sales, ($Million)
Figure 68. Thomson Reuters.: Net Sales, ($Million)
Figure 69. Xero Ltd.: Net Sales, ($Million)
Figure 70. Zeta Software LLC.: Net Sales, ($Million)
Figure 71. Zoho Corporation.: Net Sales, ($Million)

Executive Summary

According to this report titled, 'Accounting Software Market,' the accounting software market was valued at $11.9 billion in 2020, and is estimated to reach $70.2 billion by 2030, growing at a CAGR of 19.6% from 2021 to 2030.

Increase in trend of automation is encouraging the creation and usage of innovative technologies, which resulted in rapid demand for accounting software to streamline the business process. Furthermore, the advancements in industrial-grade digital technology, major inclination toward cloud-based accounting software, and rise in need for improved tax planning and financial management method majorly contribute toward the growth of the market. Moreover, businesses are shifting towards the digitalization and increasing implementation of Industry 4.0 to cope with ongoing tough business competition, which creates the need for seamless solution and platform to meet the businesses requirements, thus boosting the adoption of accounting software in various sectors rapidly.

On the basis of organization size, the large enterprises dominated the overall accounting software industry in 2020 and is expected to continue this trend during the forecast period. This is due to an increase in the adoption of accounting software in large enterprises to operate a lean accounting and tax filling service boosts the market growth. Moreover, as organizations expand, this balancing act becomes even more difficult. Furthermore, large enterprises are integrating their large volume of data in the cloud to augment their speed, accuracy, and value chain scalability, which is opportunistic for the market. Easy accessibility and greater control of accounting software over cloud deployment are also anticipated to boost the adoption of cloud-based accounting software in large enterprises. However, the SME’s is expected to witness the highest accounting software market growth in the upcoming year. Owing to increase in number of SMEs in the developing economies in Asia-Pacific, including China, Japan, and India. The adoption of accounting software is expected to increase to optimize the business capabilities of SMEs. Moreover, continuous rise in number of government initiatives through various digital SME campaigns throughout the world fuels the growth of the market.

Depending on industry vertical, the IT & telecom industry dominated the growth in 2020 and is expected to continue this trend during the forecast period. This is due to increase in use of mobile devices among individuals, thus provides numerous opportunities to the industry. Furthermore, the accounting process moves towards the digitization and technology initiatives motivated by the global pandemic, the need for business agility, which provides lucrative growth opportunities for the market in this vertical. However, healthcare industry is expected to witness the highest growth in the upcoming year. This is due to an increase in adoption of accounting software in healthcare industry to empower faster and more convenient accounting management and tax planning within medical practitioner with their medical attendant. Accounting software is gaining popularity in the healthcare sector, owing to enhanced end to end security with patient data, cost benefits, and improved connectivity benefits that it offers to users. In addition, increase in digitalization and better graphical user interaction further boost the demand for accounting software in the healthcare industry.

The accounting software market was valued at $14,067.14 million in 2021, and is projected to reach $70,232.95 million by 2030, registering a CAGR of 19.6%. The current estimation of 2030 is projected to be higher than pre-COVID-19 estimates. The global COVID-19 pandemic has drastically affected businesses across the world. It has positively impacted the adoption of accounting software due to lockdown imposed by governments of different countries. Post COVID-19 situation, companies are focusing on emerging technology such as AI-powered solutions, automation, computing technology, and app-based accounting software across industries such as BFSI, healthcare, and IT & telecom to perform contactless operation. This factor further creates demand for cloud-based accounting system, which drives the adoption of accounting software market globally. Furthermore, as industries are moving towards the digitalization, it is creating the demand for the accounting automation software, as it provides agile efficiency by eliminating manual tasks that slow down business operations as well as it provides real-time reporting features. In addition, it also reduces human errors and business risks that come with manual data- entry, such as required copying and pasting data from one invoice into various spreadsheets for multiple businesses. Due to such benefits, it provides lucrative growth opportunities for market growth during the forecast period Moreover, the pandemic has introduced considerable challenges for companies, which are trying to execute key processes, report accurately with data spread over multiple locations, operate complex systems, and efficiently communicate with teammates; particularly where there is no infrastructure for such processes. Hence, a greater number of companies are investing in accounting software. Furthermore, accounting software provides limitless scalability and continual enhancement of functionality, which are critical in accomplishing digital transformation, thus boosting the market growth post pandemic.

Key findings of the Study

  • By component, the software segment dominated the accounting software market in 2020. However, the service segment is expected to exhibit significant growth during the forecast period.
  • On the basis of deployment mode, the on-premise segment accounted for the highest revenue of the market in 2020; however, the cloud segment is expected to witness the highest growth rate during the forecast period.
  • Depending on organizational size, the large-scale segment generated the highest revenue in 2020. However, the SMEs segment is expected to witness the highest growth rate in the near future.
  • Depending on the type, the commercial accounting software segment generated the highest revenue in 2020. However, the custom accounting software segment is expected to witness the highest growth rate in the near future.
  • Depending on industry vertical, the IT & telecom industry generated the highest revenue in 2020. However, the healthcare industry is expected to witness the highest growth rate in the near future
  • Region-wise, the accounting software market was dominated by North America in 2020. However, Asia-Pacific is expected to witness significant growth in the coming years.
This report gives an in-depth profile of some key market players in the accounting software market, include Infor Inc., Intuit, Inc., Microsoft Corporation, Oracle Corporation, Sage Group Plc., SAP SE, Thomson Reuters, Xero Ltd., Zeta Software LLC, and Zoho Corporation. This study includes market trends, market analysis, and future estimations to determine the imminent investment pockets.

Companies Mentioned

  • Infor Inc.
  • Intuit, Inc.
  • Microsoft corporation
  • Oracle Corporation
  • Sage Group Plc
  • Sage Group plc
  • SAP SE
  • Thomson Reuters
  • Xero Ltd
  • Zeta Software LLC
  • Zoho Corporation

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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