Accounting Software Market Analysis and Forecast to 2031: By Type (Spreadsheets, Custom), Organization Size (Large Enterprises, SMEs), End-User (BFSI, Retail and Ecommerce, Manufacturing, IT and Telecom, Healthcare, Others), and Region
Accounting software is a type of software that helps businesses track and manage their financial transactions. This can include anything from invoicing and billing to tracking expenses and income. Many accounting software programs also offer features like payroll and tax preparation.
There are a number of different accounting software programs available on the market, each with its own set of features and price point. Some of the more popular accounting software programs include QuickBooks, FreshBooks, and Xero.
Key Trends
There are a few key trends in accounting software technology that are worth mentioning. Firstly, there is a trend towards cloud-based accounting software. This means that instead of being installed on a local computer, the software is hosted on a remote server and accessed via the internet. This has a number of advantages, including the fact that it is easier to keep the software up-to-date and that users can access their data from anywhere.
Another trend is towards more user-friendly accounting software. This means that the software is designed to be as easy to use as possible, with a focus on simplifying common tasks. This is particularly important for small businesses, who may not have the resources to hire a dedicated accountant.
Finally, there is a trend towards integrating accounting software with other business applications. This can make it easier to manage all aspects of the business from a single platform, and can save time by eliminating the need to enter data into multiple systems.
Key Drivers
The key drivers of accounting software market are reducing the cost of ownership, flexibility, and ease of use. The cost of ownership is the major factor that is driving the growth of accounting software market. The flexibility and ease of use of accounting software are the other two important drivers of accounting software market.
The cost of ownership for accounting software is decreasing due to the introduction of new features and functionality in the software. The new features and functionality in accounting software are helping businesses to reduce the cost of ownership. The cost of ownership for accounting software is further reduced by the introduction of cloud-based accounting software. The cloud-based accounting software is offered at a lower cost than the traditional on-premises accounting software.
The flexibility of accounting software is helping businesses to meet their changing needs. The accounting software is flexible and can be customized to meet the specific needs of businesses. The accounting software is also flexible in terms of deployment. The accounting software can be deployed on-premises or on the cloud.
The ease of use of accounting software is another important driver of accounting software market. The accounting software is easy to use and can be accessed from anywhere. The accounting software is also easy to install and configure.
Restraints & Challenges
There are several key restraints and challenges in the accounting software market. One key challenge is the lack of standardization in the accounting software market. This lack of standardization can make it difficult for users to transfer data between accounting software programs.
Another key challenge is the high cost of accounting software. Accounting software programs can be very expensive, and this high cost can put them out of reach for many small businesses.
Another key restraint is the complexity of accounting software. Accounting software can be very complex, and this complexity can make it difficult for users to understand and use the software.
Market Segmentation
The Accounting Software Market is segmented by type, organizational size, end-user, and region. By type, the market is divided into spreadsheets and custom. By organizational size, the market is classified into large enterprises and SMEs. By end-user, the market is bifurcated into BFSI, retail and ecommerce, manufacturing, IT & telecom, healthcare, and others. By region, the market is classified into North America, Europe, Asia-Pacific, and rest of the world.
Key Players
The key players in the Accounting Software Market are Intuit, Inc., Microsoft Corporation, Oracle Corporation, Sage Group Plc, Infor, Inc, SAP SE, Thomson Reuters, Xero Ltd, Zeta Software LLC, and Zoho Corporation.
Table of Contents
Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Accounting Software Market Outlook
3.1. Accounting Software Market segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Accounting Software Market
Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Accounting Software Market
4.3. Economic Impact Analysis
Chapter 5. Accounting Software Market by Type
5.1. Market Overview
5.2. Spreadsheets
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Custom
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 6. Accounting Software Market by Organizational Size
6.1. Market Overview
6.2. Large Enterprises
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. SMEs
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 7. Accounting Software Market by End-Use
7.1. Market Overview
7.2. BFSI
7.2.1. Market Size and Forecast, 2021-2031 ($Million)
7.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.3. Retail and Ecommerce
7.3.1. Market Size and Forecast, 2021-2031 ($Million)
7.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.4. Manufacturing
7.4.1. Market Size and Forecast, 2021-2031 ($Million)
7.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.5. Others
7.5.1. Market Size and Forecast, 2021-2031 ($Million)
7.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 8. Accounting Software Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. North America Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.2.3. North America Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.2.4. North America Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.2.5. North America Accounting Software Market Size and Forecast by Country, 2021-2031, ($Million)
8.2.6. The U.S.
8.2.6.1. The U.S. Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.2.6.2. The U.S. Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.2.6.3. The U.S. Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.2.7. Canada
8.2.7.1. Canada Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.2.7.2. Canada Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.2.7.3. Canada Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.2.8. Mexico
8.2.8.1. Mexico Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.2.8.2. Mexico Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.2.8.3. Mexico Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Europe Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.3. Europe Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.3.4. Europe Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.3.5. Europe Accounting Software Market Size and Forecast by Country, 2021-2031, ($Million)
8.3.6. Germany
8.3.6.1. Germany Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.6.2. Germany Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.3.6.3. Germany Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.3.7. France
8.3.7.1. France Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.7.2. France Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.3.7.3. France Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.3.8. U.K.
8.3.8.1. U.K. Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.8.2. U.K. Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.3.8.3. U.K. Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.3.9. Spain
8.3.9.1. Spain Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.9.2. Spain Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.3.9.3. Spain Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.3.10. Italy
8.3.10.1. Italy Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.10.2. Italy Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.3.10.3. Italy Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.3.11. Rest of Europe
8.3.11.1. Rest of Europe Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.11.2. Rest of Europe Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.3.11.3. Rest of Europe Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Asia-Pacific Accounting Software Market Size and Forecast by Country, 2021-2031, ($Million)
8.4.3. Asia-Pacific Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.4.4. Asia-Pacific Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.5. Asia-Pacific Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.4.6. China
8.4.6.1. China Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.6.2. China Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.4.6.3. China Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.4.7. India
8.4.7.1. India Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.7.2. India Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.4.7.3. India Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.4.8. Japan
8.4.8.1. Japan Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.8.2. Japan Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.4.8.3. Japan Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.4.9. South Korea
8.4.9.1. South Korea Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.9.2. South Korea Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.4.9.3. South Korea Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.4.10. Rest of APAC
8.4.10.1. Rest of APAC Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.10.2. Rest of APAC Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.4.10.3. Rest of APAC Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.5. Rest of the World
8.5.1. Key Market Trends and Opportunities
8.5.2. Rest of the World Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.5.3. Rest of the World Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.5.4. Rest of the World Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.5.5. Rest of the World Accounting Software Market Size and Forecast by Country, 2021-2031, ($Million)
8.5.6. Latin America
8.5.6.1. Latin America Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.5.6.2. Latin America Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.5.6.3. Latin America Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.5.7. Middle East
8.5.7.1. Middle East Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.5.7.2. Middle East Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.5.7.3. Middle East Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
8.5.8. Africa
8.5.8.1. Africa Accounting Software Market Size and Forecast by Type, 2021-2031, ($Million)
8.5.8.2. Africa Accounting Software Market Size and Forecast by Organizational Size, 2021-2031, ($Million)
8.5.8.3. Africa Accounting Software Market Size and Forecast by End-Use, 2021-2031, ($Million)
Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Product Development
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, and Collaborations
9.3.5. Mergers and Acquisitions
Chapter 10. Company Profiles
10.1. Intuit, Inc.
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. Microsoft corporation
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. Oracle Corporation
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. Infor Inc
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. Sage Group plc
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. SAP SE
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Thomson Reuters
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. Xero Ltd
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. Zeta Software LLC
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. Zoho Corporation
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis
*The list of company is subject to change during the final compilation of the report
Key Players
Market Segmentation
By Type
- Spreadsheets
- Custom
By Organization Size
- Large Enterprises
- SMEs
By End-User
- BFSI
- Retail and Ecommerce
- Manufacturing
- IT and Telecom
- Healthcare
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Spain
- Rest of Europe
- The Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East
- Africa