Accounting Software Market to Reach US$ 20408.0 Mn by 2026


Posted June 13, 2020 by Aashi_K

The rapid shift from the traditional way of managing financial records to adopting an accounting information system is the key trend in the global accounting software market.

 
The growing demand for computerized accounting across different end-use industries is surging the adoption of accounting software. The report mentions that the global market was worth US$ 11,071.6 Mn in the year 2018. With the increasing adoption of accounting software, the market is expected to reach US$ 20,408.0 Mn by 2026. The global market is anticipated to register a remarkable CAGR of 8.02% during the forecast period.

"Rising Adoption of Technologically Driven Solutions in North America Propels Growth"

In 2018, the market in North America was worth US$ 3,759.4 Mn. The region is expected to lead in the global accounting software market through the forecast period. The U.S. government is increasingly spending on installing accounting software systems in private and public organizations. This, coupled with the strong presence of players in the U.S., is expected to create growth opportunities for the market in the forthcoming years.

List of Top Key Players Mentioned in the Accounting Software Market Research Report:

Oracle
Sage Group Plc.
Workday
Zeta Software LLC
Infor
Microsoft Corporation
SAP SE
Intuit Inc.
Epicor Software Corporation
Xero Ltd.
Red Wing Software Inc.
Zoho Corporation

Regional Analysis for Accounting Software Market:

North America (the USA and Canada)
Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
Latin America (Brazil, Mexico and Rest of Latin America)
Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

The rising adoption of modern technologies in Asia Pacific is driving the market. The penetration of business accounting apps is growing, which is enabling growth in the global market. The region is expected to register strong demand for enterprise relationship planning software to manage spreadsheets and understand tax management better. Moreover, the market generated a value of US$ 2635.9 Mn in the year 2018.

About Us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Fortune Business Insights™
Phone US +1 424 253 0390 / UK +44 20
Country United States
Categories Accounting , Business , Software
Tags market , research , Report
Last Updated June 13, 2020