In this report, LP Information studies the present scenario (with the base year being 2017) and the growth prospects of global Accounting Software market for 2018-2023.
Accounting software is a foundational technology for many companies, and as a business grows having a powerful, effective accounting solution becomes increasingly critical. Most accounting software packages offer the same basic features necessary for managing finances: accounts receivable, accounts payable, general ledger, billing and invoicing, purchase and sales orders, and reporting. Beyond basic functionality, the top accounting solutions offer additional features to give users more power, flexibility and customization. Oftentimes accounting solutions are closely integrated with other key software solutions. Most ERP solutions include an extensive accounting module, but buyers should also consider best-of-breed, standalone accounting software.
The Accounting Software market is highly competitive, rapidly changing, and significantly affected by new product introductions and the market activities of other industry participants. Accounting Software providers face competition from the customers’ internal information technology departments as well as Accounting Software competitors. Accounting Software service providers much provide a value-added product that is easy to install and cost effective.
Over the next five years, LPI(LP Information) projects that Accounting Software will register a 7.2% CAGR in terms of revenue, reach US$ 17300 million by 2023, from US$ 11400 million in 2017.
This report presents a comprehensive overview, market shares and growth opportunities of Accounting Software market by product type, application, key companies and key regions.
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To calculate the market size, LP Information considers value generated from the sales of the following segments:
Segmentation by product type:
- Embedded Accounting Software Packages
- Online Solutions Accounting Software
Segmentation by application:
We can also provide the customized separate regional or country-level reports, for the following regions:
- United States
- Southeast Asia
- Middle East & Africa
- South Africa
- GCC Countries
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The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
- Oracle (NetSuite)
- Assit cornerstone
- Red wing
- Tally Solutions Pvt. Ltd.
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
- To study and analyze the global Accounting Software market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
- To understand the structure of Accounting Software market by identifying its various subsegments.
- Focuses on the key global Accounting Software players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Accounting Software with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the size of Accounting Software submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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