About Fund Accounting Software
Fund accounting software combines detailed financial statement reporting, a multi-currency general ledger, cash management, waterfall capabilities and workflow standardization for one complete system. It provides a self-contained, self-balancing ledger designated for a specific project, grant or donation. It contains reporting templates built-in that allow users to populate with data and customize to readers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Fund Accounting Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sage Intacct (United States), Titanium Digital (Australia), (United States), Deskera Holdings Ltd. (Singapore), SAP (German), J.D. Edwards & Company (United States), DATABASICS, Inc. (United States), FinancialForce (United States), AccuFund, Inc. (United States) and Blackbaud (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Cougar Mountain Software (United States).
Segmentation Overview
AMA Research has segmented the market of Global Fund Accounting Software market by and Region.
On the basis of geography, the market of Fund 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). If we see Market by Platform, the sub-segment i.e. Desktop will boost the Fund Accounting Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise, the sub-segment i.e. Small and Medium Enterprises will boost the Fund Accounting Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud-based will boost the Fund Accounting Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Third-Party Integrations will boost the Fund Accounting Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing Model, the sub-segment i.e. Subscription (Annual, Monthly, Quarterly) will boost the Fund Accounting Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Adoption of Cloud-Based Solutions
Market Growth Drivers:
High Benefits of the Fund Accounting Software and Increased Applications of Fund Accounting Software
Challenges:
Technological Complexities Associated with Fund Accounting Software
Restraints:
High Cost of Fund Accounting Software
Opportunities:
Growing Demand from End-users and Increased Demand from Various Industries
Market Leaders and their expansionary development strategies
In July 2020, Eze Castle Integration, a portfolio company of private equity investment firm H.I.G. Capital (H.I.G.) and a global leader in technology solutions, acquired of Alphaserve Technologies, a provider of infrastructure technology and digital IT services. The addition of Alphaserve broadens Eze Castle's product offering and strengthens its ability to service clients with innovative and robust technology. The combination of the two firms solidifies Eze Castle's position as a leader in end-to-end technology solutions for the financial and professional services industries.
In September 2023, Vector, a leading provider of modern fund administration services for closed-end alternative investment firms, announced significant updates to Valence, its revolutionary fund accounting software. These updates mark a large stride forward in reshaping fund administration and responding to the growing demand for real-time data to support the alternative asset industry's administration and reporting needs.
Key Target Audience
Fund Accounting Software Developers, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.