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

Other Sports News

Canada inspired in World Cup by Toronto Raptors NBA title

Jun 15, 2019

PARIS — Inspired by Canada's first NBA title, the country's national women's soccer team is aiming to emulate the Toronto Raptors' magical run. The fifth-ranked Canadians were fast asleep in France when the Raptors won early Friday morning. But the players copped to immediately checking the results the moment they awoke. "We're very excited for the Raptors. It's massive for Canada," midfielder Sophie Schmidt said. "The first thing we did when we woke up was check our phones. That's massive for Canada and we're hoping to get the result and have another success story for Canadians to celebrate." Next up...

Rash of child killings angers, frustrates St. Louis leaders

Jun 15, 2019

ST. LOUIS — The gunfire that has long haunted St. Louis streets has taken an even more disturbing turn, with a rash of shootings involving children that has left the city's police chief angered and frustrated by the lack of cooperation of witnesses. Four children died from gunfire over the past week and two others were injured. Those killed included girls ages 3 and 11, along with a 16-year-old boy and a 16-year-old girl. The injured were girls ages 5 and 6. All six victims were black. Police Chief John Hayden told The Associated Press Friday that it appears that...

Julio Iglesias reflects on a life that 'has been a miracle'

Jun 15, 2019

NEW YORK — At 75 and after a five-decade-long career, Julio Iglesias keeps performing internationally, driven by his passion and, above all, a relentless discipline. It's something the Spanish crooner says he had to learn early on, after a nearly fatal car accident frustrated his plans to play professional soccer. "In fact, my life has been a miracle," says Iglesias, recalling how he spent "months and months" in bed unable to move, and then needed canes to walk for more than two years. The "magical" accident — as he calls it today — stripped him of his physical strength and...

US Open greeted with more low clouds

Jun 15, 2019

PEBBLE BEACH, Calif. — A dry forecast for the U.S. Open doesn't mean dry conditions at Pebble Beach. The second round began Friday morning with low clouds off the Pacific Ocean and what felt like a light mist, which is sure to keep the golf course from getting overly firm. Justin Rose tries to build on his record-tying 65 from the first round that gave him a one-shot lead. He played in the morning alongside Tiger Woods, who was five shots behind. Brooks Koepka opened with a 69. He also plays in the morning wave of the second round. The...

Sri Lanka face in-form Australia after 11-day World Cup wait

Jun 15, 2019

LONDON — When Sri Lanka last played in the Cricket World Cup, the French Open was at the quarterfinals stage, the NBA Finals were 1-1, and Chris Froome was training in Tenerife. When the Sri Lankans pop back on the tournament radar in London on Saturday, it will have been a long 11 days since their last completed match. In that time, their opponent at the Oval, Australia, has overcome the West Indies, lost to India, and held off Pakistan. Australia captain Aaron Finch acknowledged the advantage was theirs. "You can never take any team in this competition lightly, but...

Sukan360 is a proud Malaysian Sports website enthusiastic in our local players and bring Malaysian sports news first and foremost.

Contact us: sales@sukan360.com

Soccer Racing Shootings Golf Sports Governance Men's Sports Women's Sports Press Releases