Accounting Software Market Outlook, End Users Analysis and Share by Type to 2025


30th October 2018 - Global Accounting Software Market is segmented on the basis of type, application, deployment and geography. An accounting software belongs to a type of computer software that assists bookkeepers and accountants to manage financial accounts and undertake accounting operations of an organization in a specified methodology.

In the past few years, importance of accounting software is growing at a rapid pace owing to rise in awareness on the benefits of using accounting software and rising demand for real time safety in the accounting software industry. Subsequently, large-sized and mid-size companies are the major users of accounting software. Also, improved spending on IT infrastructure along with rise in government initiatives is anticipated to boost the accounting software industry.

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Factors such as rising demand for advanced operations in finance along with heavy amount of data from sources such as online applications for loan, banking transactions, online and in-store sales, social media & stock commodities need to be collaborated to gain an operational functioning. On the other hand, factors such as analysing and managing heavy databases, irrelevant data generated from numerous sources that provide misleading data on consumer behaviour.

The inception of big data and analytics technologies has enabled easy for organizations to convert unstructured and semi-structured data into structured and concrete data. Precision can be ensured with reliability and timely data submission. The latest trends gaining traction in the accounting software industry is the rise of business accounting mobile applications. These applications can encompass day-to-day accounting tasks such as sending invoices, accepting payments, logging expense, tracking receipts and planning budgets.

APAC regions such as India and China being one of the fastest growing software markets in the world, owing to the presence of various leading global software players such as Microsoft, Accenture, Oracle, etc. Increasing IT spending and rising awareness about the benefits of accounting software as compared to paper based accounting system is expected to boost revenue growth in APAC accounting software market in the coming years.

On the basis of type, the accounting software industry market is segmented into online solutions accounting software and desktop solutions accounting software. On the basis of application, accounting software industry market is segmented into manufacturing, services, retail and so on. On the basis of deployment, accounting software industry market is segmented into cloud-based, on-premises and so on.

The major manufacturers covered in this report
• Intuit
• Sage
• SAP
• Oracle(NetSuite)
• Microsoft
• Infor
• Epicor
• Workday
• Unit4
• Xero
• Yonyou
• Kingdee
• Acclivity
• FreshBooks
• Intacct
• Assit cornerstone
• Aplicor
• Red wing

Market segment by Type, the product can be split into
• Online Solutions Accounting Software
• Desktop Solutions Accounting Software

Market segment by Application, Accounting Software can be split into
• Manufacturing
• Services
• Retail

Access Accounting Software Market Report with TOC @ https://www.millioninsights.com/industry-reports/accounting-software-market

Market segment by Regions/Countries, this report covers
• United States
• EU
• Japan
• China
• India
• Southeast Asia
Location: Felton, CA, USA

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