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Accounting Software Market 2023 - By Industry Size, Top Players, Business Trends, Future Growth And Outlook By 2032
Accounting Software Market
Accounting Software Market Size, Growth Rate, And Forecast
The global accounting software market size grew from $15.73 billion in 2022 to $17.71 billion in 2023 at a compound annual growth rate (CAGR) of 12.5%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The accounting software market size is expected to grow to $27.3 billion in 2027 at a CAGR of 11.4%.
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Accounting Software Market Drivers
The 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.
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Accounting Software Market Segments
• By Component: Solution, Services
• By Type: Spreadsheets, Commercial Accounting Software, Enterprise Accounting Software, Custom Accounting Software
• By Deployment Mode: On-Premise, Cloud
• By Enterprise Size: Large Enterprises, SMEs
• By Industry Vertical: BFSI, Retail and Ecommerce, Manufacturing, IT and Telecom, Healthcare, Government and Public Sector, Energy and Utilities, Media and Entertainment, Other Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Accounting Software market.
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Accounting Software Market Key Players
Major competitors in the Accounting Software market include Intuit Inc., Sage Software Inc., SAP SE, Oracle Corporation, Microsoft Corporation, Infor Inc., Epicor Software Corporation.
The Business Research Company's "Global Accounting Software Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Accounting Software Market 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
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26. Africa Accounting Software Market
27. Accounting Software Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Accounting Software Market
29. Accounting Software Market Future Outlook and Potential Analysis
30. Appendix
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