Press release
Cloud Accounting Software Market Worth 4688 million USD by the end of 2023 and CAGR of 8.63% between 2017 and 2023
Cloud Accounting Software Market
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The global Cloud Accounting Software market is valued at 2631 million USD in 2017 and is expected to reach 4688 million USD by the end of 2023, growing at a CAGR of 8.63% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
United States will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Cloud Accounting Software.
EU also play important roles in global market, with market size of 614 million USD in 2017 and will be 1021 million USD in 2023, with a CAGR of 8.84%.
The major players in global market include
Intuit
Sage
SAP
Oracle(NetSuite)
Microsoft
Infor
Epicor
Workday
Unit4
Xero
Yonyou
Kingdee
Acclivity
FreshBooks
Zoho
Assit Cornerstone
MEGI
Reckon
KashFlow
On the basis of product, the Cloud Accounting Software market is primarily split into
Browser-based, SaaS
Application Service Providers (ASPs)
Table Global Cloud Accounting Software Market Size (Million USD) Split by Types
Revenue (M $) 2013 2017 2023F Share in 2023F CAGR 2017-2023
SaaS 1193.67 2187.65 3566.23 82.50% 8.49%
ASPs 240.73 442.98 756.47 17.50% 9.33%
Total 1434.4 2630.63 4322.7 0.00% 8.63%
Source: Secondary Literature, Press Releases, Expert Interviews and QYResearch, Mar 2018
On the basis on the end users/Application, this report covers
SMEs
Large Enterprises
Other Users
Table Global Cloud Accounting Software Market Size (Million USD) by Application (2013-2023)
Revenue (M $) 2013 2017 2023F Share in 2023F CAGR 2017-2023
SMEs 1047.87 1895.16 3176.32 73.72% 8.99%
Large Enterprises 325.86 623.99 973.47 22.32% 7.69%
Other Users 60.67 111.48 172.91 3.96% 7.59%
Total 1434.4 2630.63 4322.7 100% 8.63%
Source: Secondary Literature, Press Releases, Expert Interviews and QYResearch
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