Report overview
This report studies the Recon Software for the Financial Service market. Account reconciliation software automates all of the steps in the account reconciliation process. It takes in data from all sources of financial information, such as ERP systems, bank files or statements, credit card processors, and merchant services.
It then compares account balances between these sources and identifies any discrepancies so they can be investigated by accounting staff. This removes the burden of manually performing this task and frees accountants to focus on analyzing discrepancies
This report aims to provide a comprehensive presentation of the global market for Recon Software for the Financial Service, 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 Recon Software for the Financial Service. This report contains market size and forecasts of Recon Software for the Financial Service in global, including the following market information:
Global Recon Software for the Financial Service Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Recon Software for the Financial Service market was valued at US$ 702.3 million in 2022 and is projected to reach US$ 1091.8 million by 2029, at a CAGR of 6.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Recon Software for the Financial Service is primarily split into: Cloud-based and on premise. And on premise is the most widely used type which takes up about 56% of the global market.
North America is the largest sales region of Recon Software for the Financial Service in the world in the past few years, with about 41% market share, Europe followed the second, with about 30% market share.
Market Concentration of Recon Software Industry is low, Fiserv, SAP, Oracle, BlackLine, SmartStream, Trintech, Gresham Technologies, Xero, Unit4 and OneStream Software are the key suppliers in the global Recon Software for the Financial Service market. Other prominent players in Recon Software market include ReconArt, Adra, IStream Financial Services, Aurum Solution, API Software, Cashbook, Rimilia, Open Systems and Launch Pad Technologies, etc, with about 62% market shares.
We surveyed the Recon Software for the Financial Service 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 Recon Software for the Financial Service Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Recon Software for the Financial Service Market Segment Percentages, by Type, 2022 (%)
Cloud Based
On Premise
Global Recon Software for the Financial Service Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Recon Software for the Financial Service Market Segment Percentages, by Application, 2022 (%)
Banks
Insurance
Retail
Government
Others
Global Recon Software for the Financial Service Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Recon Software for the Financial Service 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 Recon Software for the Financial Service revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Recon Software for the Financial Service revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ReconArt
SmartStream
BlackLine
Adra
Fiserv
SAP
Gresham Technologies
IStream Financial Services
Aurum Solution
API Software
Xero
Unit4
Cashbook
Trintech
Rimilia
OneStream Software
Open Systems
Launch Pad Technologies
Oracle
Outline of Major Chapters:
Chapter 1: Introduces the definition of Recon Software for the Financial Service, market overview.
Chapter 2: Global Recon Software for the Financial Service market size in revenue.
Chapter 3: Detailed analysis of Recon Software for the Financial Service 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 Recon Software for the Financial Service 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.
