Accounting Software Market 2019 Global Trends, Key Vendors Analysis, Import & Export, Revenue by Forecast to 2024

Global Accounting Software Market is set to witness a CAGR of 8.92% during the projection period (2018-2024) and reach a valuation of more than USD 26,600 million

Pune, India - May 16, 2019 /MarketersMedia/ —

Accounting Software Market Overview:
Market Research Future (MRFR) in its latest report projects that the global accounting software market will post a strong CAGR of 8.92% from 2018 to 2024 and surpass a valuation of USD 26,600 million by 2024. Growing demand for advanced, automated, and efficient accounting solutions coupled with increased adoption of cloud-based accounting software are some of the key factors driving the market growth.

Expansion of sectors such as manufacturing, retail, IT & telecom, and BFSI are directly linked with the global accounting software market growth. Furthermore, introduction of mobile/app-based accounting software and increased investment in adopting automated solutions is anticipated to boost market demand. Rising preference for these solutions in financial processing, recording, and reporting is reflecting favorably on Accounting Software Market.

Substantial rise in number of start-ups in fast-developing regions is likely to boost subscriber base of accounting software during the projection period. Nonetheless, factors such as susceptibility to data theft and high cost of accounting software are undermining the market potential to some extent.

Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/7749

Major Key Players:
Intuit Inc., Sage, SAP, Oracle, Microsoft, Xero Limited, Kingdee Internation Software Group (HK) Ltd. Priority Software, FreshBooks, Assist Cornerstone, Epicor, Unit4, Tally Solutions Private Limited, yonyou (Hong Kong) co., Ltd., Infor, and Workday.

Intuit Inc., Sage, SAP, Oracle, Microsoft, and Xero Limited. are the top six companies in the global accounting software market. As a part of growth strategy, market players are adopting various approaches such as regional expansion and new product development. Many companies are also focusing on offering new production techniques and products with innovative technology.

The report covers the development strategies adopted by the companies between 2015 to 2018.

Key Development:
• Intuit recently launched a new QuickBooks ProAdvisor Program in the US, Canada, and Australia. This new program is built into QuickBooks Online Accountant to support global accounting trends.
• In October 2018, Oracle launched new core-to-edge cloud security technologies that help to secure customer data and combat sophisticated cyber threats with layers of defense.
• Xero Limited recently announced its first full-featured API for bank feeds that enables banks, financial technology companies and financial institutions of all sizes to give their small business customers faster access to financial data directly from the platform.

Access PR Details @ https://www.marketresearchfuture.com/press-release/accounting-software-market

Regional Outlook:
On the basis of region, the market has been segmented into Europe, Asia Pacific (APAC), North America, South America, the Middle East, and Africa. Of these, North America commanded a 35.7% market share in 2018 and is likely to retain its top position over 2024. Technologically advanced countries such as the U.S. and Canada put North America at a desirable position in the global accounting software market.

These countries are also the early adopters of new-age accounting solutions. There is a massive subscriber-base for accounting software in North America, which is expected to grow further in the forthcoming years. In addition, growth of end-use sectors such as healthcare, information technology, e-commerce, retail, manufacturing among others is an important growth enabler of the market. Asia Pacific and Europe are the other two important market for accounting software. The number self-owned businesses and SMEs have grown tremendously in region, which boosting investor confidence in these regions.

Market Segmentation:
• By Industry - BFSI, IT & Telecommunication, Manufacturing, Retail & E-commerce, Healthcare, and Others.
• By Deployment - On-premise and cloud-based.
• By Organization Size - SME and Large.

Industry Analysis:
In terms of value, the manufacturing segment accounted for 33% market share in 2018 with a market valuation of USD 5,362.4 Mn.

During the forecast period, the segment is expected to exhibit a CAGR of 9.49%. Accounting software finds widespread application in the manufacturing industry. It is used to process back-end transactions and front-end documents. Moreover, it allows continuous financial monitoring as well as reduces accounting errors.

Access Report Details @ https://www.marketresearchfuture.com/reports/accounting-software-market-7749

Deployment Analysis:
In 2018, the on-premise segment accounted for 58.89% market share. The segment is expected to reach a market valuation in excess of USD 15,300 million by 2024 up from USD 9,038.2 million in 2017, reflecting a healthy growth rate.

Advantages such as increased customization & control of systems, ease of integration with third-party applications and independent operation capability continues to drive the adoption of on-premises accounting software.

Key questions addressed by the report:
• Which applications / segments provides the maximum growth opportunity?
• What are the emerging technologies and how it would disrupt the market?
• Who are the key players dominating the market, followed by other prominent vendors and strategies adopted by them?
• What was the market size and what would be the forecast in next few years?
• Regional and country attractiveness: mid to long term outlook?
• Market dynamics including trends, opportunities, drivers, challenges and how this would impact the market eco-system?

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 524/528,, Amanora Chambers Magarpatta Road, Hadapsar Pune - 411028
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/accounting-software-market-7749

Source URL: https://marketersmedia.com/accounting-software-market-2019-global-trends-key-vendors-analysis-import-export-revenue-by-forecast-to-2024/513583

Source: MarketersMedia

Release ID: 513583

More News From The Buzz Reporters

Records detail frenetic effort to bury stories about Trump

Jul 19, 2019

NEW YORK — Court records released Thursday show that President Donald Trump took part in a flurry of phone calls in the weeks before the 2016 election as his close aides and allies scrambled to pay porn star Stormy Daniels to keep quiet about an alleged affair. The documents detailing calls and text messages were made public as federal prosecutors closed their investigation into the payoff — and a similar payment to Playboy model Karen McDougal — with no plans to charge anyone in the scandal beyond Trump's former lawyer and fixer, Michael Cohen. Federal prosecutors in New York said...

Jerry Seinfeld learns from comedy's best on Netflix series

Jul 19, 2019

BEVERLY HILLS, Calif. — Jerry Seinfeld says he'd rather ride classic cars and sip coffee with comedy's best than reboot his uber-successful "Seinfeld" television series. Seinfeld said in an interview Wednesday night that bringing back his eponymous sitcom that recently celebrated its 30-year anniversary would be "egomaniacal." The comedian says he is focused on learning more about the "sharpest minds in comedy" through his Netflix series "Comedians in Cars Getting Coffee." The 11th season premieres Friday on the streaming service featuring Eddie Murphy. The season also includes other comedians including Jamie Foxx, Martin Short, Rick Gervais, Bridget Everett and more....

Rapper YG's home searched after deputy-involved shooting

Jul 19, 2019

LOS ANGELES — Authorities searched the Los Angeles-area home of rapper YG on Thursday in connection with a police shooting in Compton that killed a bystander earlier this month. Deputy Marvin Crowder, a spokesman for the Los Angeles Sheriff's Department, said the rapper, whose real name is Keenon Jackson, has not been implicated in the shooting and was not home at the time of the search Thursday. Crowder said several people were detained Thursday at the Hollywood Hills home but none has been arrested. The fatal shooting occurred July 3 after deputies tried to pull over a Cadillac Escalade —...

Hollywood celebrities open wallets to Buttigieg's campaign

Jul 19, 2019

WASHINGTON — A-list celebrities seem to be opening their hearts — or at least their wallets — to Pete Buttigieg. The South Bend, Indiana, mayor was a virtual unknown months ago. But he used breakout town hall performances, viral moments and his biography as a millennial, gay military veteran and a former Rhodes scholar to get the attention of the entertainment industry and rake in cash. Among the more than 50 celebrities who gave Buttigieg money during the second quarter are rocker Joan Jett ($150), recording industry mogul David Geffen ($5,600), fashion icon Anna Wintour ($2,800), designer Tom Ford ($5,600),...

Sally Field, 'Sesame Street' to receive Kennedy Center award

Jul 19, 2019

WASHINGTON — Actress Sally Field and the long-running children's TV show "Sesame Street" are in the latest class of Kennedy Center Honors recipients. Others chosen to receive the award for lifetime achievement in the arts include singer Linda Ronstadt, conductor Michael Tilson Thomas and the band Earth, Wind and Fire. The co-founders of "Sesame Street," Joan Ganz Cooney and Lloyd Morrisett, will accept the award on behalf of the show. The 42nd annual Kennedy Center Honors Gala will be held Dec. 7. The presenters and performers are usually kept secret from the honorees until the show. The event will be...

Sign up now!