Accounting Software Market 2019 Global Trends, Key Vendors Analysis, Import & Export, Revenue by Forecast to 2024

Global Accounting Software Market is set to witness a CAGR of 8.92% during the projection period (2018-2024) and reach a valuation of more than USD 26,600 million

Pune, India - May 16, 2019 /MarketersMedia/ —

Accounting Software Market Overview:
Market Research Future (MRFR) in its latest report projects that the global accounting software market will post a strong CAGR of 8.92% from 2018 to 2024 and surpass a valuation of USD 26,600 million by 2024. Growing demand for advanced, automated, and efficient accounting solutions coupled with increased adoption of cloud-based accounting software are some of the key factors driving the market growth.

Expansion of sectors such as manufacturing, retail, IT & telecom, and BFSI are directly linked with the global accounting software market growth. Furthermore, introduction of mobile/app-based accounting software and increased investment in adopting automated solutions is anticipated to boost market demand. Rising preference for these solutions in financial processing, recording, and reporting is reflecting favorably on Accounting Software Market.

Substantial rise in number of start-ups in fast-developing regions is likely to boost subscriber base of accounting software during the projection period. Nonetheless, factors such as susceptibility to data theft and high cost of accounting software are undermining the market potential to some extent.

Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/7749

Major Key Players:
Intuit Inc., Sage, SAP, Oracle, Microsoft, Xero Limited, Kingdee Internation Software Group (HK) Ltd. Priority Software, FreshBooks, Assist Cornerstone, Epicor, Unit4, Tally Solutions Private Limited, yonyou (Hong Kong) co., Ltd., Infor, and Workday.

Intuit Inc., Sage, SAP, Oracle, Microsoft, and Xero Limited. are the top six companies in the global accounting software market. As a part of growth strategy, market players are adopting various approaches such as regional expansion and new product development. Many companies are also focusing on offering new production techniques and products with innovative technology.

The report covers the development strategies adopted by the companies between 2015 to 2018.

Key Development:
• Intuit recently launched a new QuickBooks ProAdvisor Program in the US, Canada, and Australia. This new program is built into QuickBooks Online Accountant to support global accounting trends.
• In October 2018, Oracle launched new core-to-edge cloud security technologies that help to secure customer data and combat sophisticated cyber threats with layers of defense.
• Xero Limited recently announced its first full-featured API for bank feeds that enables banks, financial technology companies and financial institutions of all sizes to give their small business customers faster access to financial data directly from the platform.

Access PR Details @ https://www.marketresearchfuture.com/press-release/accounting-software-market

Regional Outlook:
On the basis of region, the market has been segmented into Europe, Asia Pacific (APAC), North America, South America, the Middle East, and Africa. Of these, North America commanded a 35.7% market share in 2018 and is likely to retain its top position over 2024. Technologically advanced countries such as the U.S. and Canada put North America at a desirable position in the global accounting software market.

These countries are also the early adopters of new-age accounting solutions. There is a massive subscriber-base for accounting software in North America, which is expected to grow further in the forthcoming years. In addition, growth of end-use sectors such as healthcare, information technology, e-commerce, retail, manufacturing among others is an important growth enabler of the market. Asia Pacific and Europe are the other two important market for accounting software. The number self-owned businesses and SMEs have grown tremendously in region, which boosting investor confidence in these regions.

Market Segmentation:
• By Industry - BFSI, IT & Telecommunication, Manufacturing, Retail & E-commerce, Healthcare, and Others.
• By Deployment - On-premise and cloud-based.
• By Organization Size - SME and Large.

Industry Analysis:
In terms of value, the manufacturing segment accounted for 33% market share in 2018 with a market valuation of USD 5,362.4 Mn.

During the forecast period, the segment is expected to exhibit a CAGR of 9.49%. Accounting software finds widespread application in the manufacturing industry. It is used to process back-end transactions and front-end documents. Moreover, it allows continuous financial monitoring as well as reduces accounting errors.

Access Report Details @ https://www.marketresearchfuture.com/reports/accounting-software-market-7749

Deployment Analysis:
In 2018, the on-premise segment accounted for 58.89% market share. The segment is expected to reach a market valuation in excess of USD 15,300 million by 2024 up from USD 9,038.2 million in 2017, reflecting a healthy growth rate.

Advantages such as increased customization & control of systems, ease of integration with third-party applications and independent operation capability continues to drive the adoption of on-premises accounting software.

Key questions addressed by the report:
• Which applications / segments provides the maximum growth opportunity?
• What are the emerging technologies and how it would disrupt the market?
• Who are the key players dominating the market, followed by other prominent vendors and strategies adopted by them?
• What was the market size and what would be the forecast in next few years?
• Regional and country attractiveness: mid to long term outlook?
• Market dynamics including trends, opportunities, drivers, challenges and how this would impact the market eco-system?

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 524/528,, Amanora Chambers Magarpatta Road, Hadapsar Pune - 411028
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/accounting-software-market-7749

Source URL: https://marketersmedia.com/accounting-software-market-2019-global-trends-key-vendors-analysis-import-export-revenue-by-forecast-to-2024/513583

Source: MarketersMedia

Release ID: 513583

More News From Biz Daily Online

Stock markets stabilize after tumble over trade dispute

May 19, 2019

BANGKOK — World stock markets turned higher on Tuesday, stabilizing after heavy losses on Wall Street, as investors monitor the escalating dispute between China and the U.S. over trade. The FTSE 100 in Britain rose 0.9% to 7,230, while France's CAC 40 advanced 1.2% to 5,324. Germany's DAX advanced 0.6% to 11,949. Futures augured an upbeat start on Wall Street, with the contract for the Dow Jones Industrial Average up 0.6% and that for the S&P 500, which on Monday suffered its biggest loss since January, adding 0.7%. Investors already rattled by mounting tensions between Beijing and Washington got an...

Shares mixed after trade tensions spark Wall Street sell-off

May 19, 2019

BANGKOK — Shares were marginally higher in Europe on Wednesday, despite broad losses in Asia and New York, after Germany reported stronger-than-expected industrial output data. Germany's DAX gained 0.3% to 12,125.80 following the report that industrial production rose 0.5 percent in March from the month before. The CAC 40 in France added 0.2% to 5,405.50, while Britain's FTSE 100 fell 0.1% to 7,253.71. U.S. futures edged higher, with the contract for the Dow Jones Industrial Average up 0.1% at 25,991.00. The S&P 500 future contract gained 0.1% to 2,892.50. A broad sell-off on Wall Street pulled the Dow 1.8%, or...

Chinese team heads to Washington to salvage trade talks

May 19, 2019

BEIJING — Efforts to end a U.S.-China trade war are in shambles after the United States accused China of reneging on its commitments and prepared to raise import taxes on $200 billion worth of Chinese goods. A Chinese delegation is headed to Washington to salvage talks aimed at resolving a dispute over China's aggressive push to challenge American technological dominance. Negotiations are set to resume Thursday. The setback in negotiations caught financial markets by surprise, and the U.S. stocks fell Tuesday for the second straight day. For weeks, Trump administration officials had suggested that negotiators were making steady progress. China...

World shares mixed as China affirms trade talks to go ahead

May 19, 2019

BEIJING — Global stock markets were mixed Tuesday after China said its economy czar will go to Washington for trade talks despite U.S. President Donald Trump's threat to escalate their tariff war. China's main stock index rose 0.7% and most other Asian markets also rebounded, while shares in Europe fell and Wall Street appeared headed for a lower open. The Chinese government said Vice Premier Liu He will go to Washington as planned despite fears he might cancel after Trump threatened to escalate a fight over Beijing's technology ambitions. That might help to keep alive hopes that the battle, which...

Asia stocks mostly higher after Trump trade threat

May 19, 2019

BEIJING — Asian stock markets rebounded Tuesday after Beijing said trade negotiators were preparing to go to Washington despite President Donald Trump's threat to escalate their tariff war. Benchmarks in Shanghai, Hong Kong and Sydney rose, while Tokyo declined after reopening following a long holiday. Trump's surprise threat Sunday of more tariff hikes triggered fears China might pull out of talks aimed at ending the fight over its technology ambitions. Markets recovered after Beijing said envoys were preparing to go to Washington. U.S. Trade Representative Robert Lighthizer said talks would start Thursday. There was no word on whether China's top...

About Us

Biz Daily Online gives a complete understanding of the world of business to you. Get today’s business news and learn about the trends that are affecting every business here.

Contact us: sales[at]bizdailyonline.com

Subscribe Now!