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Accounting Software Global Market Research Report By Application, By Type, By Region, Shares, Trends And Forecast 2022-2031
Accounting Software Market
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The global accounting software market report by the business research company identifies increasing demand for automation in accounting processes is driving the growth of the accounting software market. The increasing demand from the finance and accounting professionals around the world for increasing the efficiency of the accounting processes generates higher demand for accounting software. According to a 2022 survey by Airbase, a spend management platform, comprising nearly 200 finance and accounting professionals in the US, 78% of the respondents agreed that automation would have a positive impact on their growth, and 47% said that a lack of automation was costing them time and money. Therefore, the increasing focus on automation in accounting processes drives the accounting software market.
The global accounting software market is expected to grow from $13.94 billion in 2021 to $15.71 billion in 2022 at a compound annual growth rate (CAGR) of 12.65%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting manyevery markets across the globe. The accounting software market is expected to grow to $24.13 billion in 2026 at a compound annual growth rate (CAGR) of 11.34%.
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North America was the largest region in the accounting software market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in accounting software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the accounting software market are Intuit Inc, Sage Software Inc, SAP SE, Oracle Corporation, Microsoft Corporation, Infor Inc, Epicor Software Corporation, Unit4 Business Software Limited, Xero Ltd, Zoho Corp, Red Wing Software Inc, MYOB Group Pty Ltd, Reckon Ltd, Saasu Pty Ltd, and Tally Solutions Private Limited.
The global Accounting software market is segmented -
1) By Component: Solution, Services
2) By Type: Spreadsheets, Commercial Accounting Software, Enterprise Accounting Software, Custom Accounting Software
3) By Deployment Mode: On-Premise, Cloud
4) By Enterprise Size: Large Enterprises, SMEs
5) By Industry Vertical: BFSI, Retail and Ecommerce, Manufacturing, IT and Telecom, Healthcare, Government and Public Sector, Energy and Utilities, Media and Entertainment, Other Verticals
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The Accounting software Market Report Contents Include
1. Executive Summary
2. Accounting Software Market Characteristics
3. Accounting Software Market Trends And Strategies
4. Accounting Software Market - Macro Economic Scenario
5. Accounting Software Market Size And Growth
.........
28. Key Mergers And Acquisitions In The Accounting Software Market
29. Accounting Software Market Future Outlook And Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the accounting software market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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