Accounting Software Market Flourishes Amidst Startup Boom: The Driving Engine Behind Accounting And Budgeting Software Market Evolution in 2025

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Accounting And Budgeting Software Market Size Growth Forecast: What to Expect by 2025?
The market size of accounting and budgeting software has seen swift expansion of late. Expected to elevate from $24.01 billion in 2024, it's predicted to climb to $26.72 billion in 2025, marking a compound annual growth rate (CAGR) of 11.3%. Factors contributing to this growth in the historic period have been attributed to the digital transformation of accounting, the demands of regulatory compliance, cost-cutting measures, and market competitiveness.

How Will the Accounting And Budgeting Software Market Size Evolve and Grow by 2029?
The market size of accounting and budgeting software is predicted to experience swift expansion in the upcoming years. It is projected to reach a value of $43.17 billion in 2029, with a compound annual growth rate (CAGR) of 12.7%. This expected growth during the forecasted period is due to factors like the adoption of cloud computing, the integration of automation and AI, the shift to remote work, globalization and scalability, as well as cybersecurity issues. Significant trends during this period are expected to be mobile accounting applications, data analytics and predictive insights, e-commerce platform integration, improvements in user experience and design, along with sustainability reporting.

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What Drivers Are Propelling the Growth of Accounting And Budgeting Software Market Forward?
The burgeoning number of startups is anticipated to fuel the expansion of the accounting and budgeting software market. Startups, defined as new businesses in their initial phase of growth and development, benefit from these types of software. Accounting and budgeting software enables these fledgling firms to simplify financial management, monitor costs, refine budgets, and acquire critical real-time insights crucial for making knowledgeable decisions during initial growth periods. For instance, the business startup index report of 2022 by the Center for Entrepreneurs, a UK-based entrepreneurship foundation, marked a record high in 2022 for new business registrations. There was an increase of 4.53% from 2021, hitting 790,390 startup registrations in 2022. Consequently, the rise in the startup scenario bolsters the accounting and budgeting software market.

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Which Emerging Trends Are Transforming the Accounting And Budgeting Software Market in 2025?
The emergence of advancements in accounting tracking tools is becoming a predominant trend in the accounting and budgeting software industry. Key players within the market are launching new accounting management and tracking solutions to fulfil niche demands and retain their market standing. For example, in June 2023, Ledgible, an American audit and accounting software firm, unveiled its novel NFT Suite. This suite offers robust NFT portfolio management, tax, and accounting tracking, reporting and round-the-year planning capabilities. Aimed at active investors, traders, and funds, it's a comprehensive portfolio tracking tool that offers straightforward access to Ethereum-based NFT portfolios. It monitors and displays both realized and unrealized profit or loss data, permitting knowledgeable buying and selling choices.

What Are the Key Segments in the Accounting And Budgeting Software Market?
The accounting and budgeting software market covered in this report is segmented -

1) By Type: Accounting Software, Budgeting Software
2) By Deployment Type: On-Premise, Software As A Service (SaaS)
3) By Enterprise Size: Large Enterprises, Small And Medium Sized Enterprises
4) By Application: Personal Money Management, Business Money Management
5) By Industry Vertical: Information Technology(IT) And Telecom, Healthcare, Government And Public Sector, Energy And Utilities, Banking, Financial Services And Insurance (BFSI), Retail And Ecommerce, Manufacturing, Other Industry Verticals

Subsegments:
1) By Accounting Software: Small Business Accounting Software, Enterprise Accounting Software, Cloud-Based Accounting Solutions, On-Premise Accounting Solutions
2) By Budgeting Software: Corporate Budgeting Software, Personal Budgeting Software, Budget Forecasting Tools, Collaborative Budgeting Solutions

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Who Are the Key Players Shaping the Accounting And Budgeting Software Market's Competitive Landscape?
Major companies operating in the accounting and budgeting software market include Microsoft Corporation, Prophix Software Inc., Oracle Corporation, SAP SE, Intuit Inc., Wolters Kluwer N.V., Blackbaud Inc., Zoho Corporation Private Limited, Deltek Inc., Xero Limited., NetSuite Inc, Coupa Software Inc., Odoo, Sage Group plc, Adaptive Inc., Expensify Inc., Planful Inc., Acumatica Inc., Wave Financial Inc., FreshBooks, Workday Adaptive Planning, Chargebee Inc., Scoro Software, FreeAgent, Questica, AccountMate Software Corporation, MIP Fund Accounting, 2ndSite Inc., Kashoo, TimeCamp Inc.

What Geographic Markets Are Powering Growth in the Accounting And Budgeting Software Market?
North America was the dominant region in the accounting and budgeting software market in 2024. The regions covered in the accounting and budgeting software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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