About Accounting and Budgeting Software
The accounting and budgeting software helps in automating the operation involved in financial resources and expenses and helps in planning budgets. The software offers complexity yet helps in decision making, it is used by the finance professionals for the financial tasks. It eliminates the risk of inaccuracy and human errors, makes repetitive routines easier, and offers efficiency.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
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, Inc, (United States), Adaptive Insights (United States), Oracle NetSuite (United States), Microsoft Corporation (United States), SAP SE (Germany), MIP Fund Accounting (Abila MIP) (United States), Prophix (Canada), FreshBooks (Canada), QuickBooks (United States), Planful, Inc (United States), Wave Financial (Canada), Springbrook Software (United States), Blackbaud Financial Edge NXT (United States), Tagetik Software srl (Italy) and Xero (New Zealand) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Accounting and Budgeting Software market by , Application (SME (Small and Medium Enterprises) and Large Enterprise) and Region.
On the basis of geography, the market of Accounting and Budgeting 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 Pricing Option, the sub-segment i.e. Monthly Subscription will boost the Accounting and Budgeting 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. On-Premise will boost the Accounting and Budgeting 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. Asset Planning will boost the Accounting and Budgeting Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Artificial Intelligence and Programming in Accounting and Budgeting Software
Market Growth Drivers:
The Demand for Automating the Managing Accounting and Budgeting Operations and Need for Data Accuracy, Effectively and Efficiency
Challenges:
Technical Issues and Errors Associated with Accounting and Budgeting Software
Restraints:
Complexities Involved with Managing the Accounting and Budgeting Software
Opportunities:
Rising Accounting and Budgeting Information Worldwide in Every Industry will Boost the Accounting and Budgeting Software
On 14th January 2020, Springbrook, a leading provider of fully integrated, cloud-based ERP and payments software for local governments, announced that it has completed the acquisition of BIAS Software, an innovative Washington-based provider of cloud-based accounting software for local public agencies. This transaction marks Springbrook's first add-on acquisition since becoming a portfolio company of Accel-KKR, a leading Silicon Valley-based technology-focused investment firm.
Key Target Audience
Accounting and Budgeting Software Developers, Accounting and Budgeting Software Industry Association, Potential Investors, Regulatory Bodies, Research and Development Institutes and Others
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.