Accounting Software Market to grow by USD 7.04 billion from 2021 to 2026, Growth Driven by Increasing demand for cloud-based accounting software- Technavio

NEW YORK, Sept. 15, 2023 /PRNewswire/ -- The accounting software market by deployment (on-premises and cloud) and geography (North America, Europe, APAC, MEA, and South America) - Forecast and Analysis 2022-2026" report has been added to the Technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the accounting software market from 2021 to 2026 is USD 7.04 billion. The increasing demand for cloud-based accounting software is a key factor driving market growth. This growth is supported by the growing popularity of comprehensive financial aggregation, reporting, and analysis across a variety of business units. Furthermore, cloud-based accounting software is in high demand among end-users to manage their finances as it reduces processing time and maintenance costs, provides real-time reporting on all corporate accounts, and ensures visibility throughout the organization. Hence, these factors are expected to drive market growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

Market Challenge 

The growing data privacy and security concerns are a significant challenge restricting market growth. 

Learn about additional key drivers, trends, and challenges available with Technavio. Read FREE Sample PDF Report Now

Market Segmentation

The accounting software market has been segmented by deployment (on-premises and cloud) and geography (North America, Europe, APAC, MEA, and South America). 

• The accounting software market share growth by the on-premises segment will be significant during the forecast period. The growing adoption of cloud accounting software in the context of cybersecurity is being driven by factors such as low long-term costs and data protection against various threats. Hence, the above-mentioned factors are expected to drive segment growth during the forecast period.

View the FREE Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Key Companies in the accounting software market:

Epicor Software Corp., Infor Inc., Intuit Inc., Microsoft Corp., Oracle Corp., Sage Group Plc, SAP SE, Unit4 NV, Xero Ltd., and Zoho Corp. Pvt. Ltd.

Related Reports:

The investor ESG software market size is estimated to grow at a CAGR of 13.3% between 2022 and 2027. The market size is forecast to increase by USD 616.29 million. This investor ESG software market report extensively covers market segmentation by component (software and services), deployment (on-premises and cloud), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The shift toward green initiatives has been a major driver of the significant growth of the investor ESG software market.

The Enterprise Governance, Risk, and Compliance (eGRC) Solutions Market size is estimated to grow at a CAGR of 12.38% between 2022 and 2027. The market size is forecast to increase by USD 23,133.67 million. This enterprise governance, risk, and compliance (eGRC) solutions market report extensively covers market segmentation by component (software and service), end-user (large enterprise and SME), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The increased need to comply with regulatory requirements in driving growth in the enterprise governance, risk, and compliance (eGRC) solution market. 

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Deployment

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/accounting-software-market-to-grow-by-usd-7-04-billion-from-2021-to-2026--growth-driven-by-increasing-demand-for-cloud-based-accounting-software--technavio-301928465.html

SOURCE Technavio