Accounting & Budgeting Software Market by Offering (Solution, Services), by Type (Accounting Software, Budgeting Software), by Application (Personal Money Management, Business Money Management), by Enterprise Size (Large Enterprises, Small and Medium Sized Enterprises), by Industry Vertical (BFSI, Retail and Ecommerce, Manufacturing, IT and Telecom, Healthcare, Government and Public Sector, Energy and Utilities, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
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The global accounting & budgeting software market was valued at $16.85 billion in 2021, and is projected to reach $47.97 billion by 2031, growing at a CAGR of 11.4% from 2022 to 2031.
The report focuses on growth prospects, restraints, and trends of the accounting & budgeting software market forecast. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the accounting & budgeting software market outlook.
Competitive Landscape:
The key players operating in the global accounting & budgeting software market include Coupa Software, Inc., FreshBooks, Intuit Inc., Microsoft, MIP Fund Accounting, Oracle, Planful, Prophix, QuickBooks, Quicken, The Sage Group plc, SAP SE, Scoro Software, Vena Solutions, Wave Financial Inc., Xero Limited and Zoho Corporation Pvt. Ltd.
These players have adopted various strategies to increase their market penetration and strengthen their position in the accounting & budgeting software industry.
Top Impacting Factors
Growth in adoption of automation in daily business-related operations
Automation is increasingly adopted among large enterprises that help firms to reduce expenses and increase productivity.
Reduction of error in books of accounting & budgeting
With advanced accounting software becoming more affordable, customers and enterprises continue to demand well-produced and high-quality automation services.
Growth in use of advanced technologies such as AI & ML
Key players in the market are continuously enhancing their product offerings to get a competitive edge and cater to changes in requirement of end users.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the accounting & budgeting software market analysis from 2021 to 2031 to identify the prevailing accounting & budgeting software market share.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the accounting & budgeting software market size segmentation assists to determine the prevailing accounting & budgeting software market opportunity.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global accounting & budgeting software market trends, key players, market segments, application areas, and market growth strategies.
Key Points from the Report-
• Top players operating in the accounting & budgeting software market
• Major revenue-generating sectors with regional trends and opportunities
• Regulations and development inclinations
• Portfolios of companies, along with their financial information and investment strategies
• Venture Entrepreneurs
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The global accounting & budgeting software market is evaluated on the premise of product or service, industry vertical, application, and region. The market has included regions from North America (Mexico, Canada, and the United States), Europe (Italy, Germany, France, Spain, the United Kingdom, and the rest of the continent), Asia-Pacific (Japan, Australia, South Korea, China, India, and the rest of the Asia-Pacific), and LAMEA (Africa, Latin America, and the Middle East).
Accounting & Budgeting Software Market Report Highlights
| Aspects | Details |
|---|---|
| Offering | SolutionServices |
| Type | Accounting SoftwareBudgeting Software |
| Application | Personal Money ManagementBusiness Money Management |
| Enterprise Size | Large EnterprisesSmall and Medium Sized Enterprises |
| Industry Vertical | IT and TelecomHealthcareGovernment and Public SectorEnergy and UtilitiesOthersBFSIRetail and EcommerceManufacturing |
| By Region | North America (U.S., Canada)Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Rest of Europe)Asia-Pacific (China, Japan, India, Australia, South Korea, Singapore, Rest of Asia-Pacific)LAMEA (Latin America, Middle East, Africa) |
| Key Market Players | Coupa Software, Inc., FreshBooks, Intuit Inc., Microsoft, MIP Fund Accounting, Oracle, Planful, Prophix, QuickBooks, Quicken, The Sage Group plc, SAP SE, Scoro Software, Vena Solutions, Wave Financial Inc., Xero Limited, Zoho Corporation Pvt. Ltd |
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