Press release
Accounting Software Market is Likely to Grow at a CAGR of 19.6% Through 2030
Accounting Software Market
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/request-sample/A16018
The global accounting software market was valued at $11.9 billion in 2020, and is projected to reach $70.2 billion by 2030, growing at a CAGR of 19.6% from 2021 to 2030.
๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐
๐๐๐ ๐๐, ๐๐ซ๐๐๐ฅ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐๐ ๐ ๐๐ซ๐จ๐ฎ๐ฉ ๐๐ฅ๐, ๐๐๐ ๐ ๐๐ซ๐จ๐ฎ๐ฉ ๐ฉ๐ฅ๐, ๐๐ง๐ญ๐ฎ๐ข๐ญ, ๐๐ง๐., ๐๐จ๐ก๐จ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐ก๐จ๐ฆ๐ฌ๐จ๐ง ๐๐๐ฎ๐ญ๐๐ซ๐ฌ, ๐๐ข๐๐ซ๐จ๐ฌ๐จ๐๐ญ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐๐ญ๐ ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ ๐๐๐, ๐๐ง๐๐จ๐ซ ๐๐ง๐., ๐๐๐ซ๐จ ๐๐ญ๐
Increase in trend of automation is encouraging the creation and usage of innovative technologies, which resulted in rapid demand for accounting software to streamline the business process. Furthermore, the advancements in industrial-grade digital technology, major inclination toward cloud-based accounting software, and rise in need for improved tax planning and financial management method majorly contribute toward the growth of the market. Moreover, businesses are shifting towards the digitalization and increasing implementation of Industry 4.0 to cope with ongoing tough business competition, which creates the need for seamless solution and platform to meet the businesses requirements, thus boosting the adoption of accounting software in various sectors rapidly.
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐ญ๐ก๐ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/checkout-final/fa71a1c46d8a758887317856ee62ffd9
Depending on industry vertical, the IT & telecom industry dominated the growth in 2020 and is expected to continue this trend during the forecast period. This is due to increase in use of mobile devices among individuals, thus provides numerous opportunities to the industry. Furthermore, the accounting process moves towards the digitization and technology initiatives motivated by the global pandemic, the need for business agility, which provides lucrative growth opportunities for the market in this vertical. However, healthcare industry is expected to witness the highest growth in the upcoming year.
By component, the solution segment accounted for more than three-fifths of the global accounting software market share in 2020, and is anticipated to retain its dominance throughout the forecast period. This is owing to its numerous advantages in industries such as eliminating the manual process, streamlining the business process, and reducing the time & cost. The services segment, however, would showcase the fastest CAGR of 20.9% by 2030. The accounting software offers enormous benefits to the industry, such as cash flow analysis, easy tax filing, balance sheet, trial balance, invoicing, income and expense statements, and payroll, thus improving the growth of the segment.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
By region, North America, garnered the major share in 2020, contributing to more than two-fifths of the global accounting software industry, and is expected to dominate the market during the forecast period. This is attributed to the developed IT infrastructure in this region, cloud-based accounting software also has seen widespread acceptance. However, Asia-Pacific is expected to witness the fastest CAGR of 22.2%. This is owing to rapid technological advancements, digitization of economies, and government initiatives increased expendable income among the region's middle-income population are the key factors that power the overall economy's growth in Asia-Pacific.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ'๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/A16018
On the basis of organization size, the large enterprises dominated the overall accounting software industry in 2020 and is expected to continue this trend during the forecast period. This is due to an increase in the adoption of accounting software in large enterprises to operate a lean accounting and tax filling service boosts the market growth. Moreover, as organizations expand, this balancing act becomes even more difficult. Furthermore, large enterprises are integrating their large volume of data in the cloud to augment their speed, accuracy, and value chain scalability, which is opportunistic for the market.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A16018
Based on deployment mode, the on-premise segment held the lion's share in 2020, contributing to nearly three-fifths of the global accounting software market, and is expected to continue its trend during the forecast period. This is attributed to numerous advantages offered by this on-premise deployment such as high level of data security and safety. However, cloud segment is expected to witness the highest CAGR of 22.1% by 2030, owing to rise in adoption of cloud-based accounting software, due to low cost and easier maintenance.
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Public Key Infrastructure Market - https://www.alliedmarketresearch.com/public-key-infrastructure-market-A14231
Public Safety LTE Market - https://www.alliedmarketresearch.com/public-safety-lte-market-A11868
Virtual Data Room Market - https://www.alliedmarketresearch.com/virtual-data-room-market
๐๐จ๐ง๐ญ๐๐๐ญ:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Accounting Software Market is Likely to Grow at a CAGR of 19.6% Through 2030 here
News-ID: 3691268 • Views: โฆ
More Releases from Allied Market Research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collectโฆ
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growthโฆ
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil โฆ
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strictโฆ
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of โฆ
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise inโฆ
More Releases for Accounting
Accounting and Financial Accounting in Oregon: Transforming Businesses Amidst Fi โฆ
Accounting and financial accounting in Oregon have become critical pillars for businesses, enabling compliance, financial health tracking, and informed decision-making. Services such as bookkeeping, tax preparation, financial reporting, and auditing are streamlining operations and ensuring adherence to regulations.
Miami, Florida, January 13, 2025: The U.S. accounting industry is poised for significant growth, driven by rising demand for accounting and financial services [https://www.ibntech.com/finance-and-accounting-services/?pr=ABnewswire], regulatory changes, and technological advancements. This surge is transformingโฆ
Accounting Assignment Help Australia | Best Accounting Writer
Accounting is generally one of the basic courses that are offered in schools and universities. It deals with numerous areas of the community such as commerce, finance and aspects of individual management. It is the lifeline of the financial industry as it helps in providing significant information about its financial position where accounting assignment helper can assist in decision making as well as in checking various types of compliance issues.โฆ
Difference between Accrual Accounting and Cash Accounting?
What is Accrual Accounting?
When transactions of any kind such as services or products are recorded in the books of account as they occur even if the payment for the same has not been received or made. Accrual means an entry made in the accounts books which records all kinds of revenue generated and expenses incurred without any exchange of cash or credit in any form. Accrual accounting is usually doneโฆ
Jervis Accounting Services
With a proven track record of business problem-solving, attention to detail and a passion for customer service โ we help businesses through efficient bookkeeping.
Every customer is valued, no matter how large or small the business. In fact, we LOVE small businesses.
Jason Jervis has run small businesses himself. So we appreciate the trials and tribulations that you face on a daily basis!
We carry out our accounting and bookkeeping services in Shropshireโฆ
Global Accounting Services Market | Accounting Services Industry | Covid-19 Impa โฆ
The accounting services market contains of the sales of accounting services and connected goods by entities (organizations, sole traders and partnerships) that deliver recording and analysis of financial transactions and additional financial values pertaining to industries and other organizations. The service includes summarizing, analyzing, auditing and reporting of the financial transactions to tax collection agencies and entities. It correspondingly contains auditing and preparing financial statements, scheming accounting systems, emerging budgetsโฆ
Global Accounting Services Market | Global Accounting Services Industry | Global โฆ
Accounting services market comprises of sales of accounting services & related goods by entities that provide recording and financial transactions analysis and other financial values pertaining to businesses and other organizations. Accounting services are type of service that provides the recording and analysis such as payroll, tax preparation, bookkeeping, auditing, and among others. The accounting service involves analyzing, summarizing, auditing & reporting of the financial transactions to tax collection agenciesโฆ
