Bussiness Accounting Software Market Driven by the Advent of Digital Commerce

Global Bussiness Accounting Software Market Research Report: By Software Type (Accounting Software, Tax Software), Deployment Mode (Cloud, On-Premise), Vertical (BFSI, IT and Telecommunications, Healthcare, Manufacturing others), Region (North America, Europe, Asia-Pacific, Middle East, and Africa, South America) - Forecast till 2025

Market Overview

Market Research Future (MRFR), in its research report, asserts that the global Bussiness Accounting Software Market 2020 is booming and slated to grow exponentially over the review period, recording a substantial market valuation and a healthy 7.9% CAGR in the forecast period.

Competitive Landscape

The prominent market players operating in the global market as acknowledged by MRFR are Intuit Inc., SAP SE, The Sage Group, Oracle Corporation, Microsoft Corporation, TeamSystem SpA, FreshBooks, Epicor, Unit4, Xero Limited, Red Wing Software, Inc., Wolters Kluwer, Tally Solutions Private Limited, Kingston & Knight Accountants, Dezan Shira & Associates, and KPMG International among others.

Drivers and Restraints

The advent of digital commerce and technological developments, such as integration with other online applications such as automated bank feeds, automated billing apps, among others, and small and medium-sized businesses collaborating with e-commerce players will drive the tax and accounting software industry.

However, concerns about data protection and privacy could hinder the growth of the accounting software market.

Regional Analysis

The geographical overview of the global market has been analyzed in four major regions, comprising North America, the Asia Pacific, Europe, and the rest of the world. North America recorded for the largest market share of 39.73% in 2018, with a market share of USD 7.4 billion; the market is expected to register a CAGR of 5.9% over the review period. With the rising number of enterprises in the developing regions such as Asia-Pacific, Middle East, and Africa, Latin America, and the demand for these solutions has augmented significantly. Europe was the second-largest market in 2018, recorded USD 5.2 billion; the market is anticipated to exhibit a CAGR of 6.9%.

Segmental Overview

The global Bussiness Accounting Software Market have been segmented based on software type, organization size, deployment mode, and vertical.

Based on the software type, the market has been segmented into accounting software, tax and accounting software, and tax software. The accounting software has been divided into payroll management software, billing/invoice software, ERP system, and others. The accounting software segment recorded the largest market share of 67.6% in 2018, with a market value of USD 12.5 billion and is expected to register a CAGR of 7.6% over the review period. The tax software segment was assessed at USD 6.3 billion and is projected to register the highest cagr of 8.4%.

Based on the deployment mode, the market has been bifurcated into the cloud and on-premise. The on-premise segment has been assessed as a larger market share of 51.9% in 2018, with a market value of USD 9.6 billion and is expected to register a cagr of 5.0% during the review period. The cloud segment recorded a value of USD 8.9 billion and is projected to register a higher cagr of 10.5%.

Based on the organization size, the market has been bifurcated into small- and medium-sized enterprises and large enterprises.  The SME segment accounted for the broader market share of 58.9% in 2018, with a market value of USD 10.8 billion; it is poised to register a higher CAGR of 8.1% over the review period. The large enterprise segment recorded a value of USD 7.7 billion; it is projected to exhibit a cagr of 7.5%.

Based on the vertical, the market has been segmented into BFSI, retail and consumer goods, IT and telecommunications, healthcare, manufacturing, and others. The manufacturing segment assessed as the largest market share of 33.1% in 2018, with a market value of USD 6.1 billion and is expected to register the highest cagr of 8.4% during the review period. The retail & e-commerce sector was the second-largest market in 2018, recorded at USD 3.6 billion, and is anticipated to observe a CAGR of 7.9%.

LIST OF TABLES

TABLE 1 MARKET SYNOPSIS

TABLE 2 TAX AND ACCOUNTING SOFTWARE: MARKET ESTIMATES & FORECAST, BY SOFTWARE TYPE, 2018–2025 (USD MILLION)

TABLE 3 TAX AND ACCOUNTING SOFTWARE: MARKET ESTIMATES & FORECAST, BY ACCOUNTING SOFTWARE, 2018–2025 (USD MILLION)

TABLE 4 TAX AND ACCOUNTING SOFTWARE: MARKET ESTIMATES & FORECAST, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)

TABLE 5 TAX AND ACCOUNTING SOFTWARE: MARKET ESTIMATES & FORECAST, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)

Continued……

Get Report Details @ https://www.marketresearchfuture.com/reports/tax-accounting-software-market-8694

LIST OF FIGURES

FIGURE 1 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL BUSSINESS ACCOUNTING SOFTWARE MARKET FORECAST, 2018

FIGURE 2 GLOBAL BUSSINESS ACCOUNTING SOFTWARE MARKET FORECAST ANALYSIS, BY REGION (CAGR ANALYSIS)

FIGURE 3 GLOBAL BUSSINESS ACCOUNTING SOFTWARE MARKET FORECAST: STRUCTURE

FIGURE 4 BOTTOM-UP AND TOP-DOWN APPROACHES

FIGURE 5 NORTH AMERICA: BUSSINESS ACCOUNTING SOFTWARE MARKET FORECAST SIZE & MARKET SHARE, BY COUNTRY (2018 & 2025)

Continued……

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:

Market Research Future

+1 646 845 9312

Email:sales@marketresearchfuture.com

Bussiness Accounting Software Market, Bussiness Accounting Software Market size, Bussiness Accounting Software Market share, Bussiness Accounting Software Market trends, Bussiness Accounting Software Market growth, Bussiness Accounting Software Market