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 Walk To The Place

The Latest: New mid-engine Corvette starts under $60,000

Jul 19, 2019

WARREN, Mich. — The Latest on the introduction of the new mid-engine Chevrolet Corvette: (all times local): 12:10 a.m. GM President Mark Reuss says the new 2020 version of the Chevrolet Corvette will start under $60,000, 7% more than the current car's base price of $55,900. Prices of other versions weren't announced but the current Corvette can run well over $100,000 with options. That's still thousands cheaper than most European competitors. General Motors unveiled the new car Thursday night at a glitzy ceremony in a World War II dirigible hangar in Orange County, California. Engineers say they moved the V8...

Boeing to take a $4.9 billion charge over grounded jet

Jul 19, 2019

DALLAS — Boeing said Thursday it is booking a $4.9 billion charge to cover possible compensation to airlines that have canceled thousands of flights since the 737 Max jet was grounded after two deadly accidents. The airplane builder also said the Max-related fallout will cut $5.6 billion from its revenue and pre-tax earnings in the April-through-June quarter. The Chicago-based company said the calculations were based on an assumption that regulatory approval for the plane's return to flying will begin early in the fourth quarter. That timing is earlier than some analysts expected and may have contributed to a rally in...

About 10,000 au pairs to get paid in class-action settlement

Jul 19, 2019

DENVER — About 10,000 live-in childcare workers from around the world will share in a class-action settlement in a case that challenged whether they should be treated as employees entitled to minimum wage or members of the family learning about the United States while helping out at home. U.S. District Judge Christine Arguello gave final approval to the $65.5 million deal Thursday during a hearing in Denver, saying the payments to au pairs who filed claims by the May deadline would average $3,500 each. About 160,000 au pairs who came to the United States to work from 2009 to late...

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....

Emails show Iowa official's Tupac fixation before his ouster

Jul 19, 2019

IOWA CITY, Iowa — The director of Iowa's social services agency was a huge fan of the late rapper Tupac Shakur, and he frequently let his subordinates know it. Emails obtained by The Associated Press show that Iowa Department of Human Services Director Jerry Foxhoven routinely sent messages to employees lauding Shakur's music and lyrics even after at least one complained to lawmakers. Then last month, he sent another such email to all 4,300 agency employees. He was abruptly ousted from his job the next work day. Foxhoven, 66, told employees that he had been a huge fan of the...

Sign up now!

About Us

Walk To The Place offers travel news of popular destinations for travelers with the urge to explore these places.

Contact us: sales[at]walktotheplace.com

Subscribe Now!