The Accounting Software Global Market Report 2023 by The Business Research Company, provides accounting software market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
Learn More On The Accounting Software Market:
https://www.thebusinessresearchcompany.com/report/accounting-software-global-market-report
According to The Business Research Company’s Accounting Software Global Market Report 2023, the market size will grow from $15.73 billion in 2022 to $17.71 billion in 2023 at a compound annual growth rate (CAGR) of 12.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the accounting software is expected to grow to $27.3 billion in 2027 at a CAGR of 11.4%.
The increasing demand for automation in accounting processes is driving the growth of the accounting software market. The increasing demand from the finance and accounting professionals around the world for increasing the efficiency of the accounting processes generates higher demand for accounting software.
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The accounting software market is segmented:
1) By Component: Solution, Services
2) By Type: Spreadsheets, Commercial Accounting Software, Enterprise Accounting Software, Custom Accounting Software
3) By Deployment Mode: On-Premise, Cloud
4) By Enterprise Size: Large Enterprises, SMEs
5) By Industry Vertical: BFSI, Retail and Ecommerce, Manufacturing, IT and Telecom, Healthcare, Government and Public Sector, Energy and Utilities, Media and Entertainment, Other Vertical
Technological advancement is a key trend gaining popularity in the accounting software market. Major companies in the accounting software market are integrating advanced technologies such as AI (artificial intelligence) to launch innovative solutions. For instance, in July 2021, Xero, a New Zealand-based accounting software company, launched new planning, insights, and reporting tool, Analytics Plus, for small and medium-sized businesses. The tool combines cash flow forecasting and advanced predictions using AI to give businesses insights into different financial parameters.
The accounting software market report table of contents includes:
1.Executive Summary
2. Accounting Software Market Characteristics
3. Accounting Software Market Trends And Strategies
4. Accounting Software Market – Macro Economic Scenario
5. Accounting Software Market Size And Growth
…………….
26. Africa Accounting Software Market
27. Accounting Software Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Accounting Software Market
29. Accounting Software Market Future Outlook and Potential Analysis
30. Appendix
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