Mobile Accounting Apps Market Scope
Rise in digitalisation and Ease of access to individual financial accounts drive the market growth. Mobile accounting refers to the use of any mobile device, including smartphones, laptops, and tablets, to access financial and other business-related information and carry out accounting duties whenever and wherever they are needed. It consists of programmes and services that are accessed either directly through web browsers or through mobile apps. The popularity of mobile accounting is on the rise.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Zoho (India), QuickBooks (United States), The Sage Group plc (United Kingdom), Sunrise (United States), Rydoo (Belgium), Oracle (United States), Microsoft (United States), Unit4 (Netherland), MIP Fund Accounting (United States), AccuFund Inc. (United States), Planful (United States), FinancialForce Accounting (United States), Infor (United States), AccountingWare (United States) and Xero (New Zealand) |
CAGR | % |
The market for the Mobile Accounting Apps is highly competitive and dominated by few key player. The market has a vendor landscape that is extremely competitive. A number of businesses are also taking part in significant mergers and acquisitions as part of crucial plans to increase their market share globally. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Mobile Accounting Apps market throughout the predicted period.
Zoho (India), QuickBooks (United States), The Sage Group plc (United Kingdom), Sunrise (United States), Rydoo (Belgium), Oracle (United States), Microsoft (United States), Unit4 (Netherland), MIP Fund Accounting (United States), AccuFund Inc. (United States), Planful (United States), FinancialForce Accounting (United States), Infor (United States), AccountingWare (United States) and Xero (New Zealand) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Xledger Inc. (United States), Prophix Software Inc. (Canada), Access Financials (Switzerland), Micronetics, Intl. (United Kingdom) and Construction Systems Software, Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Mobile Accounting Apps market by Type and Region with country level break-up.
On the basis of geography, the market of Mobile Accounting Apps has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On January 2021, Simpli.fi, programmatic advertising and agency management software delivering integrated Omni channel workflow that helps media buying organizations perform more effectively and efficiently acquired ERP Developer, Advantage Software. The acquisition offers services such as planning and buying, tracking, accounting and reconciliation and On November 2020, TechCXO Acquired System and technology. The acquisition is aim to increase the global presence, Technical and organisational efficiency of the organisation
On April 2021, OkCredit recently launched OkShop — an online store for small merchants — who can display their products and offers and reach out to customers. It has also built OkStaff — a staff and payroll management application for larger businesses that employ a workforce
Influencing Trend:
Better monitoring and streamlined process offered by the mobile accounting apps services is the key trend driving the market growth and Rising awareness regarding the environmental such as minimizing the use of paper and emission of carbon foot print propels the market forward
Market Growth Drivers:
Rise in digitalisation drives the market growth and Easy access and flexibility provided by the mobile accounting apps boost the market growth
Challenges:
Lack of skilled workforce stymie’s the market growth
Restraints:
Increased Cyber threat attacks hampers the market growth and Privacy concern limits the market growth
Opportunities:
Technological advancement such as implementation of Artificial Intelligence and Machine learning creates lucrative growth opportunities for the market
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others