Massive Growth for Financial Accounting Software Market Research Report Study by Key Vendors Intuit, FreshBooks, Wave Financial, Xero, Sage Group, Zoho Corporation
The global financial accounting software market accounted to US$ 4.36 Bn in 2017 and is expected to grow at a CAGR of 11.7% during the forecast period 2018 - 2025, to account to US$ 10.37 Bn by 2025.
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Top Key Players Profiled in This Report: Intuit Inc., FreshBooks, Wave Financial Inc., Xero, Sage Group PLC, and Zoho Corporation Pvt. Ltd.
Growth in the recent five years is primarily driven by the following major factors, such as rapidly changing business landscapes of different business sectors coupled with changing Governmental regulations, high demands of the cloud based model for financial accounting software, and cut-throat competition amongst the peers along with the need to steer ahead in the market.
The study intends to deliver an overview of global financial accounting software market with detailed market segmentation. Also, it evaluates the present market state of financial accounting software market and forecasts the market till 2025. The report covers market dynamics affecting the financial accounting software market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the financial accounting software market with respect to all geographic regions. Further, the report includes the detailed company profiles of the key players in the financial accounting software market along with their market strategies with the SWOT analysis for all company profiled in the report.
Over the last few years, the accounting software were presumed to be used only by the larger organizations based on hosted on-premises model. Higher upfront costs, and expensive maintenance involved with this business model of the accounting software buoyed the small and medium enterprises to implement this software. The rapid expansion of cloud-based services later on paved the way for development of a highly dynamic and competitive software industry. Advent of cloud in the financial accounting software changed the business dynamics as the SMEs showed high interest in the implementations of these software owing to the cost saving achieved with the cloud based model.
Reasons to Buy the Report:
• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.
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