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Global Custom Accounting Software Market 2019 Growth, COVID Impact, Trends Analysis Report 2025

01-28-2021 07:37 AM CET | IT, New Media & Software

Press release from: Orion Market Research

Custom Accounting Software market is projected to grow at a considerable CAGR 9.0% during the forecast period (2019-2025). The rising number of money transactions related to different businesses along with the digitalization of payment options is the key factor to drive the custom accounting software market. Moreover, the ongoing globalization, increasing competition among the business enterprises, an ever-increasing regulatory compliance burden have created a need for advanced software that is adaptable to the changing general accounting principle related to specific businesses to maintain continuity of the business processes. The accounting software is highly adopted for different applications in several verticals such as business enterprise, education institution and others to manage account receivables, account payables, general ledger, and other accounting activities more effectively and efficiently.
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Further, the active adoption of cloud technology by the different verticals including business enterprise, government department, educational institutions and others is further creating the demand for custom accounting software for their accounting purpose. Business enterprises are actively adopting these solutions to perform the accounting process under time-saving mode. Further, this custom accounting software is used to perform the error-free transaction between the companies and clients. As per the Asia-Pacific Economic Cooperation (APEC), in 2017, an average of 67% of the urban and 61% of the rural population in APEC had the capacity to make or receive digital payments. The advent of e-commerce with rising internet penetration and its integration with other online applications including automated billing features,automated bank feeds, and so on is further promoting the business enterprises to adopt this software for their accounting activities.
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The government is another major vertical that has a high requirement of such a solution owing to the high volume of money transactions. The government of different countries istaking leverage of the custom accounting software solution to increase the productivity of the accounting activities, by archiving, automating, and integrating human resource systems. SAM Solutions Inc., Microsoft Corp., Oracle Corp., Sage Intacct Inc., SAP SE, Custom Soft, Davis Software, Inc., Diceus, EZ Accounting Pte. Ltd., Foundation Software, Inc., JobBOSS, and MBA Software & Consulting, Inc. among others. are the major providers of custom accounting software solutions to different verticals.
Global Custom Accounting Software Market-Segmentation
By Type
• Cloud-based
• Web-based
By Verticals
• Business Enterprise
• Government Department
• Educational Institutions
• Others
Global Custom Accounting Software Market– Segment by Region
North America
• United States
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• AccountMate Software Corp.
• Britec Computer Systems, Inc.
• Campbell Custom Software Development Co.
• Chetu Inc.
• Cleveroad, Inc.
• CustomSoft, Inc.
• Davis Software, Inc.
• Diceus
• EZ Accounting Pte. Ltd.
• Foundation Software, Inc.
• JobBOSS
• MBA Software & Consulting, Inc.
• Microsoft Corp.
• One Stop Accounting Ltd.
• Oracle Corp.
• Sage Intacct, Inc.
• SaM Solutions, Inc.
• SAP SE
• SmartexLab, Ltd.
• User Basic Software Pte. Ltd.
• Wunz Efficiency
Reasons to Buying From us –
• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
• Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/custom-accounting-software-market

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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