Report overview
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.
Accounting solutions target four segments. Entry Level software is the least expensive and with the least number of features and functionality. This segment is now split into Embedded Accounting Software packages, Online Solutions Accounting Software and Desktop Non-embedded Solutions Accounting Software. The Market is separated into Small to Medium Business (SMB) and Small to Medium Enterprise (SME.) Finally, there are the major Enterprise Resource Planning (ERP) solutions that are typically deployed in Fortune 500-size companies. In this report, the focus of this article is small to medium sized businesses, so in this report there is not involving the ERP solutions with large companies.
This report aims to provide a comprehensive presentation of the global market for Accounting Software, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Accounting Software. This report contains market size and forecasts of Accounting Software in global, including the following market information:
Global Accounting Software Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Accounting Software market was valued at US$ 15620 million in 2022 and is projected to reach US$ 24750 million by 2029, at a CAGR of 6.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Accounting Software key players include Intuit, Sage, SAP, Oracle(NetSuite), etc. Global top four manufacturers hold a share over 50%.
North America is the largest market, with a share about 40%, followed by Europe, and Asia-Pacific, both have a share about 50 percent.
In terms of product, Desktop Non-embedded Solutions Accounting Software is the largest segment, with a share over 50%. And in terms of application, the largest application is Manufacturing, followed by Services, Retail, etc.
We surveyed the Accounting Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Accounting Software Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Accounting Software Market Segment Percentages, by Type, 2022 (%)
Embedded Accounting Software Packages
Online Solutions Accounting Software
Desktop Non-Embedded Solutions Accounting Software
Global Accounting Software Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Accounting Software Market Segment Percentages, by Application, 2022 (%)
Manufacturing
Services
Retail
Global Accounting Software Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Accounting Software Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Accounting Software revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Accounting Software revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Intuit
Sage
SAP
Oracle (NetSuite)
Microsoft
Infor
Epicor
Workday
Unit4
Xero
Yonyou
Kingdee
Acclivity
FreshBooks
Intacct
Assit cornerstone
Aplicor
Red wing
Tally Solutions Pvt. Ltd.
Outline of Major Chapters:
Chapter 1: Introduces the definition of Accounting Software, market overview.
Chapter 2: Global Accounting Software market size in revenue.
Chapter 3: Detailed analysis of Accounting Software company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Accounting Software in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
