Project Accounting Software Market Scope
Project accounting software helps track relevant data for projects carried out by an organization. The systems can help pinpoint what makes a project profitable, how workflow can be improved, and how costs can be minimized.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Project Accounting Software market throughout the predicted period.
FreshBooks (Canada), Acumatica (United States), NetSuite (Oracle) (United States), Sage Intacct (United States), Accounting Seed (United States), Multiview (United States), Deskera (Singapore), Cougar Mountain Software (United States), Epicor (United States), MYOB Technology (Australia), Xero (New Zealand) and NexTec Group (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Deltek (United States), Total Synergy (Australia), Technology Group International (United States), Caselle (United States) and BQE Software (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 total available market.
Segmentation Overview
The study have segmented the market of Global Project Accounting Software market by Type (Cloud Based and On-Premise), by Application (Large Enterprises and SMEs) and Region with country level break-up.
On the basis of geography, the market of Project Accounting Software 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).
On 10 July 2019, BQE Software, Inc., a global leader in accounting and project management software for professional services firms, launched Core Intelligence, an Artificial Intelligence tool that allows users to have human-like conversations with their business software to gain actionable insights about their company and perform work-related tasks.
Market Trend
- Increased Popularity of Cloud-based Solutions
Market Drivers
- Rising Demand for Project Accounting Software to Ease the Processes
- Increasing Demand from Engineering Firms, Law Firms, Nonprofits, Construction Companies, and Others
Opportunities
- Growing Demand from Asia Pacific Region
Restraints
- Security Threats Hampers the Growth of the Market
Key Target Audience
Project Accounting Software Companies, Potential Investors, Regulatory & Government Bodies, End Users and Others