Press release
Cloud Accounting Solution Market to See Huge Growth with Intuit, Sage Group, Microsoft Corporation
Cloud Accounting Solution Market
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Summary
What is Cloud Accounting Solution Market Scope?
Cloud accounting solution is a type of application that records and processes accounting transaction within a functional module such as journal, account receivable, account payable, general ledger, payroll, and trial balance. Cloud software is a platform that allows accessing data with an internet connection. Cloud provides constant access in any location, any time. The market for cloud accounting software is expected to witness a high growth in the near future owing to increasing demand for smart technological solutions in the accounting software and rising use of big data and analytics.
The Cloud Accounting Solution market study is being classified by Type (Browser-based, SaaS and Application Service Providers (ASPs)), by Application (SMEs, Large Enterprises and Other Users) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Intuit Inc. (United States), Sage Group Plc. (United Kingdom), Microsoft Corporation (United States), SAP (Germany), Epicor Software Corporation (United States), Oracle (NetSuite) (United States), Xero Ltd (New Zealand) and Infor (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Workday, Unit4, Yonyou and Kingdee.
Segmentation Analysis
Analyst at HTF MI have segmented the market study of Global Cloud Accounting Solution market by Type, Application and Region.
On the basis of geography, the market of Cloud Accounting Solution has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
April 2019 - Infor, a global leader in business cloud software specialized by industry, announced the completed acquisition of Efficient Frontiers, Inc. dba ReServe Interactive., headquartered in Livermore, Calif., ReServe Interactive is a leading provider of cloud-based sales and catering, restaurant reservations, and floor management software that serves the restaurant, sports and entertainment, event center, golf and country club, and hotel markets in the U.S. and Canada. ReServe Interactive's highly scalable, dynamic, and intuitive sales and catering solution will enable Infor to offer more functionality through Infor CloudSuite Hospitality, and increase Infor's presence in non-hotel hospitality venues such as entertainment centers, stadiums, wineries and conference, and convention centers.
Influencing Market Trend
Increasing Need to Manage Documents and Ensure Security of Sensitive Information
Market Drivers
Rise in Cloud Accounting Solution Owing to the Host of Benefits that it offers
Increase Adoption of Cloud-based Applications
Ease of Integration with Existing Software Platforms
Opportunities
Increase in Use of Web-Based Interface
Restraints
Security Threats like Data Hacking, Related to Cloud-Based Accounting Solution
Challenges
Lack of Skilled Workforce
Key Target Audience
Association & Industrial Bodies, Solution Provider, Professional Service Provider, Government & Research Organization, IT Companies, Cloud Service Providers, System Integrators, Reseller & Distributors and Investor & Venture Capitalist
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. HTF MI Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
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Frequently Asked Questions (FAQ):
1. At what growth rate would the Cloud Accounting Solution market expands?
The Global Cloud Accounting Solution market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Cloud Accounting Solution market?
The prominent players of Global Cloud Accounting Solution market are Intuit Inc. (United States), Sage Group Plc. (United Kingdom), Microsoft Corporation (United States), SAP (Germany), Epicor Software Corporation (United States), Oracle (NetSuite) (United States), Xero Ltd (New Zealand) and Infor (United States), to name a few.
3. What are the top priorities to focus for Cloud Accounting Solution market's growth?
In this highly competitive & fast evolving Cloud Accounting Solution industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.
Strategic Points Covered in Table of Content of Global Cloud Accounting Solution Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Cloud Accounting Solution Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027market. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary - the basic information of the Global Cloud Accounting Solution Market Insights by Application, Product Type, Competitive Landscap
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