Global Business Accounting Software Industry

Global Business Accounting Software Industry

  • April 2021 •
  • 180 pages •
  • Report ID: 5956187 •
  • Format: PDF
Abstract:
- Global Business Accounting Software Market to Reach $5.2 Billion by 2027
- Amid the COVID-19 crisis, the global market for Business Accounting Software estimated at US$3.7 Billion in the year 2020, is projected to reach a revised size of US$5.2 Billion by 2027, growing at aCAGR of 5% over the period 2020-2027. Cloud-based, one of the segments analyzed in the report, is projected to record 5.5% CAGR and reach US$2.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the On-Premises segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 7.9% CAGR
- The Business Accounting Software market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$928 Million by the year 2027 trailing a CAGR of 7.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

- Select Competitors (Total 42 Featured) -
  • Acclivity Group LLC
  • Deltek, Inc.
  • FinancialForce
  • FreshBooks
  • Intacct Corporation
  • Intuit, Inc.
  • Microsoft Corporation
  • Oracle Corporation
  • Red Wing Software, Inc.
  • Sage Group plc
  • SAP SE
  • Wave Financial Inc.
  • Xero Limited
  • Yendo Limited
  • Zoho Corporation