Global Accounting Software Market Size study & Forecast, by Component, by Deployment Mode, by Enterprise Size, by Type, by Industry Vertical and Regional Analysis, 2023-2030

Description

List of Tables

Global Accounting Software Market is valued approximately USD 15.86 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 19.6% over the forecast period 2023-2030. Accounting software refers to computer programs or applications designed to streamline and automate financial tasks and record-keeping processes within an organization. It enables businesses to efficiently manage and track their financial transactions, such as invoicing, billing, payroll, expense tracking, and tax preparation. By automating these processes, it helps to reduce manual errors, enhance accuracy, and provide timely and reliable financial information for decision-making purposes. The growth of the accounting software market is being driven by various factors. Firstly, the increasing adoption of innovative technologies aimed at boosting business productivity, along with the rise of virtual Chief Financial Officers (CFOs), is positively impacting the market. Secondly, the trend of automating accounting processes to improve efficiency and eliminate manual tasks is also fueling market growth. Moreover, the presence of advanced and reliable IT infrastructure is creating a lucrative demand for accounting software solutions.

Moreover, the rising adoption of cloud and software services is anticipated to create the lucrative demand for the market over the forecast period. According to the Statista, in 2023, cloud infrastructure services witnessed a significant increase in enterprise spending, reaching 225 billion U.S. dollars in 2022, which marked a growth of 47 billion U.S. dollars compared to the previous year. Looking ahead, the software as a service (SaaS) market is anticipated to be valued at around 197 billion U.S. dollars in 2023, with further estimated growth to reach 232 billion U.S. dollars by 2024. Additionally, increased adoption of mobile and app-based accounting software and rise in investment specifically targeted towards developing artificial intelligence (AI)-oriented accounting software, anticipated to create numerous opportunities for market expansion. However, the data security & privacy concerns stifling market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Accounting Software Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the rising penetration of business accounting mobile applications and growing adoption of cloud computing technologies and solutions across the region. North America is expected to grow significantly during the forecast period, owing to accounting software solutions are gaining popularity in industries like healthcare, IT, manufacturing, and retail, as businesses seek to improve profitability amid infrastructure improvements and time limitations. In North America, the favorable financial climate encourages the allocation of funds towards installation, maintenance, and associated costs of accounting software for efficient operations.

Major market player included in this report are:

Intuit, Inc.
Zeta Software LLC
Thomson Reuters Corporation
Oracle Corporation
SAP SE
The Sage Group Plc
Microsoft corporation
Zoho Corporation
Xero Ltd
Infor Inc.

Recent Developments in the Market:

In March 2023, Focus Softnet introduced its cloud-based accounting software called FocusLyte, specifically designed for medium and small enterprises. The software helps businesses manage invoices and payments efficiently.
In January 2023, Halfpricesoft.com updated its ezAccounting software. The company made the updated version available to customers at no extra charge. The software now enables customers to handle payroll and various business tasks conveniently and affordably within a single application.

Global Accounting Software Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimatio: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Component, Development Mode, Enterprise Size, Type, Industry Vertical, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

Solution
Services

By Deployment Mode:

On premise
Cloud

By Enterprise Size:

Large Enterprises
SMEs

By Type:

Spreadsheets
Commercial Accounting Software
Enterprise Accounting Software
Custom Accounting Software

By Industry Vertical:

Retail and Ecommerce
Manufacturing
IT and Telecom
Healthcare
Media and Entertainment
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Accounting Software Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Accounting Software Market, by Component, 2020-2030 (USD Billion)
- 1.2.3. Accounting Software Market, by Development Mode, 2020-2030 (USD Billion)
- 1.2.4. Accounting Software Market, by Enterprise Size, 2020-2030 (USD Billion)
- 1.2.5. Accounting Software Market, by Type, 2020-2030 (USD Billion)
- 1.2.6. Accounting Software Market, by Industry Vertical, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Accounting Software Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Accounting Software Market Dynamics

3.1. Accounting Software Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing demand for cloud-based accounting software
  - 3.1.1.2. Growing automation in accounting process
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Accounting Software
  - 3.1.2.2. Data security & privacy concerns
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increased adoption of mobile and app-based accounting software
  - 3.1.3.2. Developing (AI)-oriented accounting software

Chapter 4. Global Accounting Software Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Accounting Software Market, by Component

5.1. Market Snapshot
5.2. Global Accounting Software Market by Component, Performance - Potential Analysis
5.3. Global Accounting Software Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4. Accounting Software Market, Sub Segment Analysis
- 5.4.1. Solution
- 5.4.2. Services

Chapter 6. Global Accounting Software Market, by Development Mode

6.1. Market Snapshot
6.2. Global Accounting Software Market by Development Mode, Performance - Potential Analysis
6.3. Global Accounting Software Market Estimates & Forecasts by Development Mode 2020-2030 (USD Billion)
6.4. Accounting Software Market, Sub Segment Analysis
- 6.4.1. On premise
- 6.4.2. Cloud

Chapter 7. Global Accounting Software Market, by Enterprise Size

7.1. Market Snapshot
7.2. Global Accounting Software Market by Enterprise Size, Performance - Potential Analysis
7.3. Global Accounting Software Market Estimates & Forecasts by Enterprise Size 2020-2030 (USD Billion)
7.4. Accounting Software Market, Sub Segment Analysis
- 7.4.1. Large Enterprises
- 7.4.2. SMEs

Chapter 8. Global Accounting Software Market, by Type

8.1. Market Snapshot
8.2. Global Accounting Software Market by Type, Performance - Potential Analysis
8.3. Global Accounting Software Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
8.4. Accounting Software Market, Sub Segment Analysis
- 8.4.1. Spreadsheets
- 8.4.2. Commercial Accounting Software
- 8.4.3. Enterprise Accounting Software
- 8.4.4. Custom Accounting Software

Chapter 9. Global Accounting Software Market, by Industry Vertical

9.1. Market Snapshot
9.2. Global Accounting Software Market by Industry Vertical, Performance - Potential Analysis
9.3. Global Accounting Software Market Estimates & Forecasts by Industry Vertical 2020-2030 (USD Billion)
9.4. Accounting Software Market, Sub Segment Analysis
- 9.4.1. Retail and Ecommerce
- 9.4.2. Manufacturing
- 9.4.3. IT and Telecom
- 9.4.4. Healthcare
- 9.4.5. Media and Entertainment
- 9.4.6. Others

Chapter 10. Global Accounting Software Market, Regional Analysis

10.1. Top Leading Countries
10.2. Top Emerging Countries
10.3. Accounting Software Market, Regional Market Snapshot
10.4. North America Accounting Software Market
- 10.4.1. U.S. Accounting Software Market
  - 10.4.1.1. Component breakdown estimates & forecasts, 2020-2030
  - 10.4.1.2. Development Mode breakdown estimates & forecasts, 2020-2030
  - 10.4.1.3. Enterprise Size breakdown estimates & forecasts, 2020-2030
  - 10.4.1.4. Type breakdown estimates & forecasts, 2020-2030
  - 10.4.1.5. Industry Vertical breakdown estimates & forecasts, 2020-2030
- 10.4.2. Canada Accounting Software Market
10.5. Europe Accounting Software Market Snapshot
- 10.5.1. U.K. Accounting Software Market
- 10.5.2. Germany Accounting Software Market
- 10.5.3. France Accounting Software Market
- 10.5.4. Spain Accounting Software Market
- 10.5.5. Italy Accounting Software Market
- 10.5.6. Rest of Europe Accounting Software Market
10.6. Asia-Pacific Accounting Software Market Snapshot
- 10.6.1. China Accounting Software Market
- 10.6.2. India Accounting Software Market
- 10.6.3. Japan Accounting Software Market
- 10.6.4. Australia Accounting Software Market
- 10.6.5. South Korea Accounting Software Market
- 10.6.6. Rest of Asia Pacific Accounting Software Market
10.7. Latin America Accounting Software Market Snapshot
- 10.7.1. Brazil Accounting Software Market
- 10.7.2. Mexico Accounting Software Market
10.8. Middle East & Africa Accounting Software Market
- 10.8.1. Saudi Arabia Accounting Software Market
- 10.8.2. South Africa Accounting Software Market
- 10.8.3. Rest of Middle East & Africa Accounting Software Market

Chapter 11. Competitive Intelligence

11.1. Key Company SWOT Analysis
- 11.1.1. Company 1
- 11.1.2. Company 2
- 11.1.3. Company 3
11.2. Top Market Strategies
11.3. Company Profiles
- 11.3.1. Intuit Inc.
  - 11.3.1.1. Key Information
  - 11.3.1.2. Overview
  - 11.3.1.3. Financial (Subject to Data Availability)
  - 11.3.1.4. Product Summary
  - 11.3.1.5. Recent Developments
- 11.3.2. Zeta Software LLC
- 11.3.3. Thomson Reuters Corporation
- 11.3.4. Oracle Corporation
- 11.3.5. SAP SE
- 11.3.6. The Sage Group Plc
- 11.3.7. Microsoft corporation
- 11.3.8. Zoho Corporation
- 11.3.9. Xero Ltd
- 11.3.10. Infor Inc.

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Accounting Software Market, report scope
TABLE 2. Global Accounting Software Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Accounting Software Market estimates & forecasts by Component 2020-2030 (USD Billion)
TABLE 4. Global Accounting Software Market estimates & forecasts by Development Mode 2020-2030 (USD Billion)
TABLE 5. Global Accounting Software Market estimates & forecasts by Enterprise Size 2020-2030 (USD Billion)
TABLE 6. Global Accounting Software Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 7. Global Accounting Software Market estimates & forecasts by Industry Vertical 2020-2030 (USD Billion)
TABLE 8.
TABLE 9. Global Accounting Software Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Accounting Software Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Accounting Software Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Accounting Software Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Accounting Software Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Accounting Software Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Accounting Software Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Accounting Software Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. Global Accounting Software Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. Global Accounting Software Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. U.S. Accounting Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. U.S. Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. U.S. Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Accounting Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. Canada Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Canada Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Accounting Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. UK Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. UK Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Accounting Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. Germany Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Germany Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Accounting Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. France Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. France Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Accounting Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Italy Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Italy Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Accounting Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. Spain Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. Spain Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Accounting Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. RoE Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. RoE Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Accounting Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. China Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. China Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Accounting Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. India Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. India Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Accounting Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. Japan Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Japan Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Accounting Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. South Korea Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. South Korea Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Accounting Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. Australia Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Australia Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Accounting Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. RoAPAC Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. RoAPAC Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Accounting Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Brazil Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Brazil Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Accounting Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. Mexico Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Mexico Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Accounting Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. RoLA Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoLA Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. Saudi Arabia Accounting Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 71. South Africa Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 72. RoMEA Accounting Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 73. List of secondary sources, used in the study of global Accounting Software Market
TABLE 74. List of primary sources, used in the study of global Accounting Software Market
TABLE 75. Years considered for the study
TABLE 76. Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Accounting Software Market, research methodology
FIG 2. Global Accounting Software Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Accounting Software Market, key trends 2022
FIG 5. Global Accounting Software Market, growth prospects 2023-2030
FIG 6. Global Accounting Software Market, porters 5 force model
FIG 7. Global Accounting Software Market, pest analysis
FIG 8. Global Accounting Software Market, value chain analysis
FIG 9. Global Accounting Software Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Accounting Software Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Accounting Software Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Accounting Software Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Accounting Software Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Accounting Software Market, regional snapshot 2020 & 2030
FIG 15. North America Accounting Software Market 2020 & 2030 (USD Billion)
FIG 16. Europe Accounting Software Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Accounting Software Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Accounting Software Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Accounting Software Market 2020 & 2030 (USD Billion)