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Global Accounting Software Market SWOT Analysis to 2025 Lead By Oracle, The Sage Group, Intuit, Microsoft, ADP, Infor, FinancialForce, Paychex, SAP SE and Deltek
Global Accounting Software Market
Some of the key players influencing the market are SAP SE, Oracle Corporation, The Sage Group Plc, Intuit Inc., Microsoft Corporation, ADP, LLC, Infor, FinancialForce, Paychex Inc. and Deltek, Inc. among others.
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Accounting software is a computer software that helps bookkeepers and accountants to manage accounts and execute accounting operations of an organization in a productive and efficient manner. This software records and processes accounting transactions within certain functional modules such as account payable, account receivable, general ledger, payroll, and trial balance.
Integration of business accounting software with big data and introduction of optical character recognition are the major drivers which help in surging the growth of accounting software market whereas its cost and implementation of the package act as a restraining factor for this market. Business accounting mobile applications will add new opportunities for this market in the coming years.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
Also, key accounting software market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
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