Global Budgeting Software Market Overview:
Budgeting software is used to provide business solutions with planning, managing, budgeting, and forecasting. Budgeting software is used for personal budgeting as well as business money management. It provides financial solutions to the organizations. Key features of budgeting software often include Financial Planning and Forecasting, Expense Tracking, Income Management, Automated Transactions and Alerts, etc. The rising need to track, as well as manage income, will help to boost the global budgeting software market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
High Growth Market | Asia- Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising Adoption of Cloud-Based Budgeting Software and Surging Need to Track as well as Manage Income
Market Growth Drivers:
Increasing Need for Advanced Financial Tools and Growing Awareness among Individuals and Businesses about the Importance of Financial Planning Drives the Demand for Budgeting Software
Challenges:
Complex User Interfaces and Functionalities Might Pose Usability Challenges
Restraints:
Rising Concerns Associated with Data Security and Safety
Opportunities:
Growing Need for Budgeting Software in Developing Countries Provides Opportunity to the Market
Competitive Landscape:
The market of Budgeting Software Developers is expected to grow with rising demand from end-use industries. Several companies are operating in the market to provide Budgeting Software Developers technology with a number of unique features. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio.
Some of the key players profiled in the report are Deltek Vision (United States), TimeCamp (United States), Cognos (Canada), Idu-Concept (South Africa), Microsoft (United States), Hyperion (United States), Riskturn (United States), Merlin Project (India), Questica Budget (United States) and Freshbooks (Canada). Additionally, following companies can also be profiled that are part of our coverage like Xero (New Zealand), QuickBooks (United States) and Intacct (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Budgeting Software market by 2028. Considering Market by Platforms, the sub-segment i.e. Windows will boost the Budgeting Software market. Considering Market by Organisation Size, the sub-segment i.e. SMEs will boost the Budgeting Software market. Considering Market by Deployment Model, the sub-segment i.e. On-Premise will boost the Budgeting Software market.
Latest Market Insights:
On 12th September 2018, Questica, a global leading financial technology company specializing in budgeting, performance, and data transparency software for the public sector arrived at an acquisition agreement with GTY Technology Holdings Inc.
On 17th May 2018, Xero launched small businesses and accountants’ access to leading-edge AI and machine learning technology on a global cloud accounting platform. and On 7th May 2018, Questica launched the Questica Budget Book powered by CaseWare. It is a new budget book solution for the North American government. It offers two experts in public finance technology.
What Can be Explored with the Budgeting Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Budgeting Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Budgeting Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Budgeting Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Budgeting Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Budgeting Software Developers, Financial Institutes, Governments Institutions, Research Organizations and Consulting Companies., Associations, Organizations, Forums, and Alliances Related to Mosquito Repellant, Industry Associations, Government Regularity Bodies and Other.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.