Press release
Accounting Software Market Expected to Reach 19700 million US$ by the end of 2025
Accounting software is a foundational technology for many companies, and as a business grows having a powerful, effective accounting solution becomes increasingly critical. Most accounting software packages offer the same basic features necessary for managing finances: accounts receivable, accounts payable, general ledger, billing and invoicing, purchase and sales orders, and reporting. Beyond basic functionality, the top accounting solutions offer additional features to give users more power, flexibility and customization. Oftentimes accounting solutions are closely integrated with other key software solutions. Most ERP solutions include an extensive accounting module, but buyers should also consider best-of-breed, standalone accounting software.
The Accounting Software market is highly competitive, rapidly changing, and significantly affected by new product introductions and the market activities of other industry participants. Accounting Software providers face competition from the customers' internal information technology departments as well as Accounting Software competitors. Accounting Software service providers much provide a value-added product that is easy to install and cost effective.
In 2017, the global Accounting Software market size was 11400 million US$ and it is expected to reach 19700 million US$ by the end of 2025, with a CAGR of 7.1% during 2018-2025.
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The key players covered in this study
Intuit
Sage
SAP
Oracle (NetSuite)
Microsoft
Infor
Epicor
Workday
Unit4
Xero
Yonyou
Kingdee
Acclivity
FreshBooks
Intacct
Assit cornerstone
Aplicor
Red wing
Tally Solutions Pvt. Ltd.
Market segment by Type, the product can be split into
Embedded Accounting Software Packages
Online Solutions Accounting Software
Desktop Non-embedded Solutions Accounting Software
Market segment by Application, split into
Manufacturing
Services
Retail
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