Brandessence Market Research has published a new report titled “Accounting Software Market 2018-2024: Forecasts by Deployment Type (Cloud-based and On-premises) by End-user (Banking, Construction, Medical, Retail and Others), Leading manufacturer and Regional Market: Global Industry overview, Comprehensive Analysis, Size, Share, Growth, Trends and Forecast, 2018 - 2024”. According to the report, developing economies are the most lucrative market for this industry during the forecast period 2018-2024

Introduction to Accounting Software Industry:

Accounting Software are the tools used to manage and process the financial data of any organization. These tools are mainly used by accounting professionals and bookkeeping groups. Accounting is one of the important part of the any organization. It overcome the time-consuming paperwork and cost ineffectiveness. There are different online accounting software available however, many organization developed it in-house or organization can buy it from third party or it may be a combination of both such as third party software with customized modifications.

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Market Dynamics for Accounting Software industry:

The market is mainly driven by its benefits like less time consuming, accuracy among others. Accounting software helps businesses to supply the necessary members of staff with timely and accurate financial information. It also helps to process account with greater speed compare to manual processing. Rising security and safety concerns coupled with increasing awareness of this tool are expected to drive this industry. Its demand was very high from developed countries like U.S., Canada, and France among others. In addition, Asia Pacific is showing unbelievable growth in this industry demand due to developing industries such as medical, retail coupled with booming digitalization in the region.

As these softwares are not user friendly to everyone and also difficult to customize are the challenges face by providers.
Global Accounting Software Market: Segment Overview
The industry is estimated to register a CAGR of around 6.02% between 2018 and 2024. Banking, Construction, Medical, Retail and Others are the different end-use segments of this industry. The regions covered in this report are North America, Europe, Asia-Pacific and Rest of the World.
Figure: Accounting Software Market Share, By End User Market, 2024 (USD Billion)

This report segment of this industry as follows:

Global Accounting Software Market by Deployment Type,

• Cloud-based
• On-premises

Global Accounting Software Market by End-user,

• Banking
• Construction
• Medical
• Retail
• Others

Global Accounting Software Market: Regional Segment Analysis

• North America
o U.S.
o Mexico
o Canada

• Europe
o UK
o France
o Germany
o Italy

• Asia Pacific
o China
o Japan
o India
o Southeast Asia

• Latin America
o Brazil

• The Middle East and Africa
o GCC
o Africa
o Rest Of MEA

This global Accounting Software Market report covers top players like,

• Acclivity Group
• FreshBooks
• Intacct
• Intuit
• Infor
• Microsoft
• Oracle (NetSuite)
• Epicor
• Workday
• Unit4
• Red Wing Software
• Sage Group
• SAP
• Xero
• Zoho
• Yonyou
• Assit cornerstone
• Kingdee
• Acclivity

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