Accounting Software Market Research Report by Function, Type, Industry, Deployment, End User, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19

The Global Accounting Software Market size was estimated at USD 6,957.13 million in 2021 and expected to reach USD 7,598.48 million in 2022, and is projected to grow at a CAGR 9.39% to reach USD 11,924.23 million by 2027.

Market Statistics:
The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.

Market Segmentation & Coverage:
This research report categorizes the Accounting Software to forecast the revenues and analyze the trends in each of the following sub-markets:

Based on Function, the market was studied across Accounts Payable, Accounts Receivable, Cash Flow Management, Cost Management, General Ledger and Chart of Accounts, and Reporting and KPIs.

Based on Type, the market was studied across Integrated and Standalone.

Based on Industry, the market was studied across Automotive & Transport, Business & Finance, Chemicals & Materials, Consumer Goods & Services, Energy & Natural Resources, Food & Beverage, Government & Public Sector, Healthcare, Manufacturing & Construction, Military Aerospace & Defense, Pharmaceuticals, and Telecommunications & Computing.

Based on Deployment, the market was studied across Cloud-based and On-premise.

Based on End User, the market was studied across Enterprises, Entry & Microbusinesses, and Small & Medium Businesses.

Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Cumulative Impact of 2022 Russia Ukraine Conflict:
We continuously monitor and update reports on political and economic uncertainty due to the Russian invasion of Ukraine. Negative impacts are significantly foreseen globally, especially across Eastern Europe, European Union, Eastern & Central Asia, and the United States. This contention has severely affected lives and livelihoods and represents far-reaching disruptions in trade dynamics. The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia.This report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for Accounting Software market considering the current update on the conflict and its global response.

Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Accounting Software Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Competitive Scenario:
The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor’s strength and weakness thereby, providing insights to enhance product and service.

Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Accounting Software Market, including Acclivity Group LLC, AccountMate Software Corporation, Automatic Data Processing, Inc, Deltek, Inc., Epicor Software Corporation, FinancialForce, FreshBooks, Infor Inc, Intuit Inc., Microsoft Corporation, MYOB Group Pty Ltd, NetSuite Inc., Open Systems Inc., Oracle Corporation, Paychex Inc., Priority Software Ltd., Reckon Ltd., Red Wing Software Inc., Saasu Pty Ltd, Sage Software Inc., SAP SE, Syspro Impact Software Inc., Unit4 Business Software Limited, Xero Ltd, Yonyou Network Technology Co. Ltd., Zeta Software LLC,, and Zoho Corp.

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Global Accounting Software Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Accounting Software Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Accounting Software Market?
4. What is the competitive strategic window for opportunities in the Global Accounting Software Market?
5. What are the technology trends and regulatory frameworks in the Global Accounting Software Market?
6. What is the market share of the leading vendors in the Global Accounting Software Market?
7. What modes and strategic moves are considered suitable for entering the Global Accounting Software Market?

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increased data accuracy by reducing the risk of human error
5.1.1.2. Government enforcement to comply with the standards
5.1.1.3. Streamline workflows due to automated accounting process and calculations
5.1.1.4. Efficient distribution of accounting data across various departments within the organization
5.1.2. Restraints
5.1.2.1. Security issues related to personal and business financial data
5.1.2.2. Regional variations in accounting standards and financial regulations
5.1.3. Opportunities
5.1.3.1. Intelligent assistants to help accountants with bots and AI capabilities
5.1.3.2. Implementation of two tier to cover better needs of production functionalities and accounting
5.1.4. Challenges
5.1.4.1. Challenges associated with the BYOD policy
5.1.4.2. Complications associated with ensuring accounting information integrates well with current systems
5.2. Cumulative Impact of COVID-19

6. Accounting Software Market, by Function
6.1. Introduction
6.2. Accounts Payable
6.3. Accounts Receivable
6.4. Cash Flow Management
6.5. Cost Management
6.6. General Ledger and Chart of Accounts
6.7. Reporting and KPIs

7. Accounting Software Market, by Type
7.1. Introduction
7.2. Integrated
7.3. Standalone

8. Accounting Software Market, by Industry
8.1. Introduction
8.2. Automotive & Transport
8.3. Business & Finance
8.4. Chemicals & Materials
8.5. Consumer Goods & Services
8.6. Energy & Natural Resources
8.7. Food & Beverage
8.8. Government & Public Sector
8.9. Healthcare
8.10. Manufacturing & Construction
8.11. Military Aerospace & Defense
8.12. Pharmaceuticals
8.13. Telecommunications & Computing

9. Accounting Software Market, by Deployment
9.1. Introduction
9.2. Cloud-based
9.3. On-premise

10. Accounting Software Market, by End User
10.1. Introduction
10.2. Enterprises
10.3. Entry & Microbusinesses
10.4. Small & Medium Businesses

11. Americas Accounting Software Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Accounting Software Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Accounting Software Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape
14.1. FPNV Positioning Matrix
14.1.1. Quadrants
14.1.2. Business Strategy
14.1.3. Product Satisfaction
14.2. Market Ranking Analysis, By Key Player
14.3. Market Share Analysis, By Key Player
14.4. Competitive Scenario
14.4.1. Merger & Acquisition
14.4.2. Agreement, Collaboration, & Partnership
14.4.3. New Product Launch & Enhancement
14.4.4. Investment & Funding
14.4.5. Award, Recognition, & Expansion

15. Company Usability Profiles
15.1. Acclivity Group LLC
15.1.1. Business Overview
15.1.2. Key Executives
15.1.3. Product & Services
15.2. AccountMate Software Corporation
15.2.1. Business Overview
15.2.2. Key Executives
15.2.3. Product & Services
15.3. Automatic Data Processing, Inc
15.3.1. Business Overview
15.3.2. Key Executives
15.3.3. Product & Services
15.4. Deltek, Inc.
15.4.1. Business Overview
15.4.2. Key Executives
15.4.3. Product & Services
15.5. Epicor Software Corporation
15.5.1. Business Overview
15.5.2. Key Executives
15.5.3. Product & Services
15.6. FinancialForce
15.6.1. Business Overview
15.6.2. Key Executives
15.6.3. Product & Services
15.7. FreshBooks
15.7.1. Business Overview
15.7.2. Key Executives
15.7.3. Product & Services
15.8. Infor Inc
15.8.1. Business Overview
15.8.2. Key Executives
15.8.3. Product & Services
15.9. Intuit Inc.
15.9.1. Business Overview
15.9.2. Key Executives
15.9.3. Product & Services
15.10. Microsoft Corporation
15.10.1. Business Overview
15.10.2. Key Executives
15.10.3. Product & Services
15.11. MYOB Group Pty Ltd
15.11.1. Business Overview
15.11.2. Key Executives
15.11.3. Product & Services
15.12. NetSuite Inc.
15.12.1. Business Overview
15.12.2. Key Executives
15.12.3. Product & Services
15.13. Open Systems Inc.
15.13.1. Business Overview
15.13.2. Key Executives
15.13.3. Product & Services
15.14. Oracle Corporation
15.14.1. Business Overview
15.14.2. Key Executives
15.14.3. Product & Services
15.15. Paychex Inc.
15.15.1. Business Overview
15.15.2. Key Executives
15.15.3. Product & Services
15.16. Priority Software Ltd.
15.16.1. Business Overview
15.16.2. Key Executives
15.16.3. Product & Services
15.17. Reckon Ltd.
15.17.1. Business Overview
15.17.2. Key Executives
15.17.3. Product & Services
15.18. Red Wing Software Inc.
15.18.1. Business Overview
15.18.2. Key Executives
15.18.3. Product & Services
15.19. Saasu Pty Ltd
15.19.1. Business Overview
15.19.2. Key Executives
15.19.3. Product & Services
15.20. Sage Software Inc.
15.20.1. Business Overview
15.20.2. Key Executives
15.20.3. Product & Services
15.21. SAP SE
15.21.1. Business Overview
15.21.2. Key Executives
15.21.3. Product & Services
15.22. Syspro Impact Software Inc.
15.22.1. Business Overview
15.22.2. Key Executives
15.22.3. Product & Services
15.23. Unit4 Business Software Limited
15.23.1. Business Overview
15.23.2. Key Executives
15.23.3. Product & Services
15.24. Xero Ltd
15.24.1. Business Overview
15.24.2. Key Executives
15.24.3. Product & Services
15.25. Yonyou Network Technology Co. Ltd.
15.25.1. Business Overview
15.25.2. Key Executives
15.25.3. Product & Services
15.26. Zeta Software LLC,
15.26.1. Business Overview
15.26.2. Key Executives
15.26.3. Product & Services
15.27. Zoho Corp
15.27.1. Business Overview
15.27.2. Key Executives
15.27.3. Product & Services

16. Appendix
16.1. Discussion Guide
16.2. License & Pricing