Accounting Software Market: Global Industry Analysis and Forecast (2023-2029)


Accounting Software Market was valued at US$ 14.15 Bn in 2022 and is expected to reach at US$ 24.89 Bn by 2029 at a CAGR of 8.4% over forecast period 2023-2029.

COVID-19 impact on market:

COVID-19 has the potential to have three major effects on the global economy: directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. Our analysts, who are monitoring the situation throughout the world, believe that the market would provide producers with lucrative opportunities following the COVID-19 dilemma.Accounting Software MarketTo know about the Research Methodology :- Request Free Sample Report

Accounting Software Market Scenario:

The Accounting Software is type of application software operates by using various for functional modules such as accounts payable, accounts receivable, journal and payroll. Accounting software has revolutionized the computerization of the accounting system, enabling companies of small and large size in various industries to improve their data handling and financial processing capabilities. SMEs across the globe are adopting accounting software to streamline their finance and control related operations such as bank reconciliation, budgeting, inventory valuation, internal audits, etc.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Various applications of accounting software such as error free invoicing, reducing monthly expenses, cash flow management, simplifying tax compliances, and enhancing data security are driving the market growth over forecast period. SMEs across the globe are adopting accounting software to streamline their finance and control related operations such as bank reconciliation, budgeting, inventory valuation, internal audits, etc. this increasing adaption is expected to create lucrative opportunities for global accounting software market.
However, high cost associated with implementation (i.e. the installation) of accounting software is restraining the market growth.

Accounting Software Market Segment Analysis:

Global Accounting Software Market is segmented by type, by organization size, by application and by region. By Type Market is segmented into Enterprise Accounting Software, Commercial Accounting Software, Spreadsheets, and Tax Management Software. Among all of these Enterprise Accounting Software is expected to lead market with market share of 45% at a CAGR of xx% over forecast period. Enterprise accounting software collects and assimilates data from various parts of a business and collates them in one place. This helps in keeping records of different departments and branches, eliminating the problem of managing the data individually. Most of the Enterprise Accounting Software provide cloud-based record-keeping and accounting tools to manage ledgers and books remotely. This software is used by large organizations who have multiple offices and branches.

Regional Analysis:

By geography, market is segmented into APAC, North America, Europe, MEA& Africa, and Latin America. Among all of these APAC is leading in the global market. It exhibit 32% of global market share. Factors, such as the emergence of small businesses and medium enterprises in china and India and growing investment in the cloud market are propelling the market growth in this region. China is the biggest spender on the public cloud, in the region. In India, where the country has switched to a GST scheme, the demand for accounting software is expected to increase over forecast period.

Global Accounting Software Market Competitive Landscape:

The report has covered in recent development and company profiles of various potential, follower and new entrant players. Key players operating in this market are NTUIT INC., Sage Software Inc., SAP SE, Oracle Corporation (Netsuite), Microsoft Corporation, Infor Inc., Epicor Software Corporation, Unit4 Business Software Limited, Xero Ltd. These key players exhibit near about 85% of global market share over forecast period. By using various organic and inorganic growth strategies such as merger and acquisition, patent analysis, expansion, joint ventures, strategic alliances these players are increasing their business operations and regional presence.

The objective of the report is to present a comprehensive analysis of Global Accounting Software Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Accounting Software Market dynamics, structure by analyzing the market segments and project the global  market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.

Scope of Global Accounting Software Market: Inquire before buying






Global Accounting Software Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2018 to 2022
Market Size in 2022:
US $ 14.15 Bn.




Forecast Period 2023 to 2029 CAGR:
8.4%
Market Size in 2029:
US $ 24.89 Bn.




 Segments Covered:
by Type
Enterprise Accounting Software
Commercial Accounting Software
Spreadsheets
Tax Management Software




by Organization type
Small Enterprise
Medium Enterprise
Large Enterprise




by Application
Manufacturing
Retail
Service






Global Accounting Software Market, by Region

Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Key players

1. Oracle Corporation
2. Microsoft Corporation
3. Intuit Inc.
4. SAP SE
5. Sage Software Inc.
6. Infor Inc.
7. Epicor Software Corporation
8. Xero Ltd.
9. Unit4 Business Software Limited
10. Zeta Software LLC
11. Acumatica Inc.
12. FinancialForce
13. Paychex Inc
14. Deltek, Inc.
15. ADP, LLC
16. Zoho Corp
17. Red Wing Software Inc.
18. MYOB Group Pty Ltd
19. Reckon Ltd.
20. Saasu Pty Ltd

Frequently Asked Questions:

1. Which region has the largest share in Global Accounting Software Market?
Ans: Asia Pacific region holds the highest share in 2022.

2. What is the growth rate of Global Accounting Software Market?
Ans: The Global Accounting Software Market is growing at a CAGR of 8.4% during forecasting period 2023-2029.

3. What is scope of the Global Accounting Software market report?
Ans: Global Accounting Software Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Accounting Software market?
Ans: The important key players in the Global Accounting Software Market are – Oracle Corporation, Microsoft Corporation, Intuit Inc., SAP SE, Sage Software Inc., Infor Inc., Epicor Software Corporation, Xero Ltd., Unit4 Business Software Limited, Zeta Software LLC, Acumatica Inc., FinancialForce, Paychex Inc, Deltek, Inc., ADP, LLC, Zoho Corp, Red Wing Software Inc., MYOB Group Pty Ltd, Reckon Ltd., and Saasu Pty Ltd

5. What is the study period of this market?
Ans: The Global Accounting Software Market is studied from 2022 to 2029. 




1. Accounting Software Market: Research Methodology

2. Accounting Software Market Introduction
2.1. Study Assumption and Market Definition
2.2. Scope of the Study
2.3. Executive Summary

3. Accounting Software Market: Dynamics
3.1. Accounting Software Market Trends by Region
3.1.1. North America Accounting Software Market Trends
3.1.2. Europe Accounting Software Market Trends
3.1.3. Asia Pacific Accounting Software Market Trends
3.1.4. Middle East and Africa Accounting Software Market Trends
3.1.5. South America Accounting Software Market Trends
3.2. Accounting Software Market Dynamics by Region
3.2.1. North America
3.2.1.1. North America Accounting Software Market Drivers
3.2.1.2. North America Accounting Software Market Restraints
3.2.1.3. North America Accounting Software Market Opportunities
3.2.1.4. North America Accounting Software Market Challenges
3.2.2. Europe
3.2.2.1. Europe Accounting Software Market Drivers
3.2.2.2. Europe Accounting Software Market Restraints
3.2.2.3. Europe Accounting Software Market Opportunities
3.2.2.4. Europe Accounting Software Market Challenges
3.2.3. Asia Pacific
3.2.3.1. Asia Pacific Accounting Software Market Drivers
3.2.3.2. Asia Pacific Accounting Software Market Restraints
3.2.3.3. Asia Pacific Accounting Software Market Opportunities
3.2.3.4. Asia Pacific Accounting Software Market Challenges
3.2.4. Middle East and Africa
3.2.4.1. Middle East and Africa Accounting Software Market Drivers
3.2.4.2. Middle East and Africa Accounting Software Market Restraints
3.2.4.3. Middle East and Africa Accounting Software Market Opportunities
3.2.4.4. Middle East and Africa Accounting Software Market Challenges
3.2.5. South America
3.2.5.1. South America Accounting Software Market Drivers
3.2.5.2. South America Accounting Software Market Restraints
3.2.5.3. South America Accounting Software Market Opportunities
3.2.5.4. South America Accounting Software Market Challenges
3.3. PORTER’s Five Forces Analysis
3.4. PESTLE Analysis
3.5. Technology Roadmap
3.6. Regulatory Landscape by Region
3.6.1. North America
3.6.2. Europe
3.6.3. Asia Pacific
3.6.4. Middle East and Africa
3.6.5. South America
3.7. Key Opinion Leader Analysis For Accounting Software Market
3.8. Analysis of Government Schemes and Initiatives For Accounting Software Market
3.9. The Global Pandemic Impact on Accounting Software Market
3.10. Cloud Accounting: Computing Financial Flexibility
3.10.1. Rise of Cloud-Based Accounting Solutions

4. Accounting Software Market: Global Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
4.1. Accounting Software Market Size and Forecast, by Type (2023-2030)
4.1.1. Enterprise Accounting Software
4.1.2. Commercial Accounting Software
4.1.3. Spreadsheets
4.1.4. Tax Management Software
4.2. Accounting Software Market Size and Forecast, by Organization type (2023-2030)
4.2.1. Small Enterprise
4.2.2. Medium Enterprise
4.2.3. Large Enterprise
4.3. Accounting Software Market Size and Forecast, by Application (2023-2030)
4.3.1. Manufacturing
4.3.2. Retail
4.3.3. Service
4.4. Accounting Software Market Size and Forecast, by Region (2023-2030)
4.4.1. North America
4.4.2. Europe
4.4.3. Asia Pacific
4.4.4. Middle East and Africa
4.4.5. South America

5. North America Accounting Software Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
5.1. North America Accounting Software Market Size and Forecast, by Type (2023-2030)
5.1.1. Enterprise Accounting Software
5.1.2. Commercial Accounting Software
5.1.3. Spreadsheets
5.1.4. Tax Management Software
5.2. North America Accounting Software Market Size and Forecast, by Organization type (2023-2030)
5.2.1. Small Enterprise
5.2.2. Medium Enterprise
5.2.3. Large Enterprise
5.3. North America Accounting Software Market Size and Forecast, by Application (2023-2030)
5.3.1. Manufacturing
5.3.2. Retail
5.3.3. Service
5.4. North America Accounting Software Market Size and Forecast, by Country (2023-2030)
5.4.1. United States
5.4.1.1. United States Accounting Software Market Size and Forecast, by Type (2023-2030)
5.4.1.1.1. Enterprise Accounting Software
5.4.1.1.2. Commercial Accounting Software
5.4.1.1.3. Spreadsheets
5.4.1.1.4. Tax Management Software
5.4.1.2. United States Accounting Software Market Size and Forecast, by Organization type (2023-2030)
5.4.1.2.1. Small Enterprise
5.4.1.2.2. Medium Enterprise
5.4.1.2.3. Large Enterprise
5.4.1.3. United States Accounting Software Market Size and Forecast, by Application (2023-2030)
5.4.1.3.1. Manufacturing
5.4.1.3.2. Retail
5.4.1.3.3. Service
5.4.2. Canada
5.4.2.1. Canada Accounting Software Market Size and Forecast, by Type (2023-2030)
5.4.2.1.1. Enterprise Accounting Software
5.4.2.1.2. Commercial Accounting Software
5.4.2.1.3. Spreadsheets
5.4.2.1.4. Tax Management Software
5.4.2.2. Canada Accounting Software Market Size and Forecast, by Organization type (2023-2030)
5.4.2.2.1. Small Enterprise
5.4.2.2.2. Medium Enterprise
5.4.2.2.3. Large Enterprise
5.4.2.3. Canada Accounting Software Market Size and Forecast, by Application (2023-2030)
5.4.2.3.1. Manufacturing
5.4.2.3.2. Retail
5.4.2.3.3. Service
5.4.3. Mexico
5.4.3.1. Mexico Accounting Software Market Size and Forecast, by Type (2023-2030)
5.4.3.1.1. Enterprise Accounting Software
5.4.3.1.2. Commercial Accounting Software
5.4.3.1.3. Spreadsheets
5.4.3.1.4. Tax Management Software
5.4.3.2. Mexico Accounting Software Market Size and Forecast, by Organization type (2023-2030)
5.4.3.2.1. Small Enterprise
5.4.3.2.2. Medium Enterprise
5.4.3.2.3. Large Enterprise
5.4.3.3. Mexico Accounting Software Market Size and Forecast, by Application (2023-2030)
5.4.3.3.1. Manufacturing
5.4.3.3.2. Retail
5.4.3.3.3. Service

6. Europe Accounting Software Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
6.1. Europe Accounting Software Market Size and Forecast, by Type (2023-2030)
6.2. Europe Accounting Software Market Size and Forecast, by Organization type (2023-2030)
6.3. Europe Accounting Software Market Size and Forecast, by Application (2023-2030)
6.4. Europe Accounting Software Market Size and Forecast, by Country (2023-2030)
6.4.1. United Kingdom
6.4.1.1. United Kingdom Accounting Software Market Size and Forecast, by Type (2023-2030)
6.4.1.2. United Kingdom Accounting Software Market Size and Forecast, by Organization type (2023-2030)
6.4.1.3. United Kingdom Accounting Software Market Size and Forecast, by Application (2023-2030)
6.4.2. France
6.4.2.1. France Accounting Software Market Size and Forecast, by Type (2023-2030)
6.4.2.2. France Accounting Software Market Size and Forecast, by Organization type (2023-2030)
6.4.2.3. France Accounting Software Market Size and Forecast, by Application (2023-2030)
6.4.3. Germany
6.4.3.1. Germany Accounting Software Market Size and Forecast, by Type (2023-2030)
6.4.3.2. Germany Accounting Software Market Size and Forecast, by Organization type (2023-2030)
6.4.3.3. Germany Accounting Software Market Size and Forecast, by Application (2023-2030)
6.4.4. Italy
6.4.4.1. Italy Accounting Software Market Size and Forecast, by Type (2023-2030)
6.4.4.2. Italy Accounting Software Market Size and Forecast, by Organization type (2023-2030)
6.4.4.3. Italy Accounting Software Market Size and Forecast, by Application (2023-2030)
6.4.5. Spain
6.4.5.1. Spain Accounting Software Market Size and Forecast, by Type (2023-2030)
6.4.5.2. Spain Accounting Software Market Size and Forecast, by Organization type (2023-2030)
6.4.5.3. Spain Accounting Software Market Size and Forecast, by Application (2023-2030)
6.4.6. Sweden
6.4.6.1. Sweden Accounting Software Market Size and Forecast, by Type (2023-2030)
6.4.6.2. Sweden Accounting Software Market Size and Forecast, by Organization type (2023-2030)
6.4.6.3. Sweden Accounting Software Market Size and Forecast, by Application (2023-2030)
6.4.7. Austria
6.4.7.1. Austria Accounting Software Market Size and Forecast, by Type (2023-2030)
6.4.7.2. Austria Accounting Software Market Size and Forecast, by Organization type (2023-2030)
6.4.7.3. Austria Accounting Software Market Size and Forecast, by Application (2023-2030)
6.4.8. Rest of Europe
6.4.8.1. Rest of Europe Accounting Software Market Size and Forecast, by Type (2023-2030)
6.4.8.2. Rest of Europe Accounting Software Market Size and Forecast, by Organization type (2023-2030)
6.4.8.3. Rest of Europe Accounting Software Market Size and Forecast, by Application (2023-2030)

7. Asia Pacific Accounting Software Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
7.1. Asia Pacific Accounting Software Market Size and Forecast, by Type (2023-2030)
7.2. Asia Pacific Accounting Software Market Size and Forecast, by Organization type (2023-2030)
7.3. Asia Pacific Accounting Software Market Size and Forecast, by Application (2023-2030)
7.4. Asia Pacific Accounting Software Market Size and Forecast, by Country (2023-2030)
7.4.1. China
7.4.1.1. China Accounting Software Market Size and Forecast, by Type (2023-2030)
7.4.1.2. China Accounting Software Market Size and Forecast, by Organization type (2023-2030)
7.4.1.3. China Accounting Software Market Size and Forecast, by Application (2023-2030)
7.4.2. S Korea
7.4.2.1. S Korea Accounting Software Market Size and Forecast, by Type (2023-2030)
7.4.2.2. S Korea Accounting Software Market Size and Forecast, by Organization type (2023-2030)
7.4.2.3. S Korea Accounting Software Market Size and Forecast, by Application (2023-2030)
7.4.3. Japan
7.4.3.1. Japan Accounting Software Market Size and Forecast, by Type (2023-2030)
7.4.3.2. Japan Accounting Software Market Size and Forecast, by Organization type (2023-2030)
7.4.3.3. Japan Accounting Software Market Size and Forecast, by Application (2023-2030)
7.4.4. India
7.4.4.1. India Accounting Software Market Size and Forecast, by Type (2023-2030)
7.4.4.2. India Accounting Software Market Size and Forecast, by Organization type (2023-2030)
7.4.4.3. India Accounting Software Market Size and Forecast, by Application (2023-2030)
7.4.5. Australia
7.4.5.1. Australia Accounting Software Market Size and Forecast, by Type (2023-2030)
7.4.5.2. Australia Accounting Software Market Size and Forecast, by Organization type (2023-2030)
7.4.5.3. Australia Accounting Software Market Size and Forecast, by Application (2023-2030)
7.4.6. Indonesia
7.4.6.1. Indonesia Accounting Software Market Size and Forecast, by Type (2023-2030)
7.4.6.2. Indonesia Accounting Software Market Size and Forecast, by Organization type (2023-2030)
7.4.6.3. Indonesia Accounting Software Market Size and Forecast, by Application (2023-2030)
7.4.7. Malaysia
7.4.7.1. Malaysia Accounting Software Market Size and Forecast, by Type (2023-2030)
7.4.7.2. Malaysia Accounting Software Market Size and Forecast, by Organization type (2023-2030)
7.4.7.3. Malaysia Accounting Software Market Size and Forecast, by Application (2023-2030)
7.4.8. Vietnam
7.4.8.1. Vietnam Accounting Software Market Size and Forecast, by Type (2023-2030)
7.4.8.2. Vietnam Accounting Software Market Size and Forecast, by Organization type (2023-2030)
7.4.8.3. Vietnam Accounting Software Market Size and Forecast, by Application (2023-2030)
7.4.9. Taiwan
7.4.9.1. Taiwan Accounting Software Market Size and Forecast, by Type (2023-2030)
7.4.9.2. Taiwan Accounting Software Market Size and Forecast, by Organization type (2023-2030)
7.4.9.3. Taiwan Accounting Software Market Size and Forecast, by Application (2023-2030)
7.4.10. Rest of Asia Pacific
7.4.10.1. Rest of Asia Pacific Accounting Software Market Size and Forecast, by Type (2023-2030)
7.4.10.2. Rest of Asia Pacific Accounting Software Market Size and Forecast, by Organization type (2023-2030)
7.4.10.3. Rest of Asia Pacific Accounting Software Market Size and Forecast, by Application (2023-2030)

8. Middle East and Africa Accounting Software Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030
8.1. Middle East and Africa Accounting Software Market Size and Forecast, by Type (2023-2030)
8.2. Middle East and Africa Accounting Software Market Size and Forecast, by Organization type (2023-2030)
8.3. Middle East and Africa Accounting Software Market Size and Forecast, by Application (2023-2030)
8.4. Middle East and Africa Accounting Software Market Size and Forecast, by Country (2023-2030)
8.4.1. South Africa
8.4.1.1. South Africa Accounting Software Market Size and Forecast, by Type (2023-2030)
8.4.1.2. South Africa Accounting Software Market Size and Forecast, by Organization type (2023-2030)
8.4.1.3. South Africa Accounting Software Market Size and Forecast, by Application (2023-2030)
8.4.2. GCC
8.4.2.1. GCC Accounting Software Market Size and Forecast, by Type (2023-2030)
8.4.2.2. GCC Accounting Software Market Size and Forecast, by Organization type (2023-2030)
8.4.2.3. GCC Accounting Software Market Size and Forecast, by Application (2023-2030)
8.4.3. Nigeria
8.4.3.1. Nigeria Accounting Software Market Size and Forecast, by Type (2023-2030)
8.4.3.2. Nigeria Accounting Software Market Size and Forecast, by Organization type (2023-2030)
8.4.3.3. Nigeria Accounting Software Market Size and Forecast, by Application (2023-2030)
8.4.4. Rest of ME&A
8.4.4.1. Rest of ME&A Accounting Software Market Size and Forecast, by Type (2023-2030)
8.4.4.2. Rest of ME&A Accounting Software Market Size and Forecast, by Organization type (2023-2030)
8.4.4.3. Rest of ME&A Accounting Software Market Size and Forecast, by Application (2023-2030)

9. South America Accounting Software Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030
9.1. South America Accounting Software Market Size and Forecast, by Type (2023-2030)
9.2. South America Accounting Software Market Size and Forecast, by Organization type (2023-2030)
9.3. South America Accounting Software Market Size and Forecast, by Application (2023-2030)
9.4. South America Accounting Software Market Size and Forecast, by Country (2023-2030)
9.4.1. Brazil
9.4.1.1. Brazil Accounting Software Market Size and Forecast, by Type (2023-2030)
9.4.1.2. Brazil Accounting Software Market Size and Forecast, by Organization type (2023-2030)
9.4.1.3. Brazil Accounting Software Market Size and Forecast, by Application (2023-2030)
9.4.2. Argentina
9.4.2.1. Argentina Accounting Software Market Size and Forecast, by Type (2023-2030)
9.4.2.2. Argentina Accounting Software Market Size and Forecast, by Organization type (2023-2030)
9.4.2.3. Argentina Accounting Software Market Size and Forecast, by Application (2023-2030)
9.4.3. Rest Of South America
9.4.3.1. Rest Of South America Accounting Software Market Size and Forecast, by Type (2023-2030)
9.4.3.2. Rest Of South America Accounting Software Market Size and Forecast, by Organization type (2023-2030)
9.4.3.3. Rest Of South America Accounting Software Market Size and Forecast, by Application (2023-2030)

10. Global Accounting Software Market: Competitive Landscape
10.1. MMR Competition Matrix
10.2. Competitive Landscape
10.3. Key Players Benchmarking
10.3.1. Company Name
10.3.2. Service Segment
10.3.3. End-user Segment
10.3.4. Revenue (2023)
10.3.5. Company Locations
10.4. Leading Accounting Software Market Companies, by Market Capitalization
10.5. Market Structure
10.5.1. Market Leaders
10.5.2. Market Followers
10.5.3. Emerging Players
10.6. Mergers and Acquisitions Details

11. Company Profile: Key Players
11.1. Oracle Corporation
11.1.1. Company Overview
11.1.2. Business Portfolio
11.1.3. Financial Overview
11.1.4. SWOT Analysis
11.1.5. Strategic Analysis
11.1.6. Recent Developments
11.2. Oracle Corporation
11.3. Microsoft Corporation
11.4. Intuit Inc.
11.5. SAP SE
11.6. Sage Software Inc.
11.7. Infor Inc.
11.8. Epicor Software Corporation
11.9. Xero Ltd.
11.10. Unit4 Business Software Limited
11.11. Zeta Software LLC
11.12. Acumatica Inc.
11.13. FinancialForce
11.14. Paychex Inc
11.15. Deltek, Inc.
11.16. ADP, LLC
11.17. Zoho Corp
11.18. Red Wing Software Inc.
11.19. MYOB Group Pty Ltd
11.20. Reckon Ltd.
11.21. Saasu Pty Ltd

12. Key Findings

13. Industry Recommendations
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