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Accounting Software Market: Proliferation of SaaS Models to Sustain Market Growth

Press release Description

Albany, New York, September 26, 2018: Rising demand for SaaS- based accounting software owing to its highly efficient structure at low costs is expected to be one of the main factors driving forth the growth of the accounting software market. Its essentiality in reducing the need for long, detailed search and evaluation processes, by making access to all business financials at one place.

Revenues arising from the accounting software market are expected to grow at a CAGR of 8.6% through 2026.These insights have been taken from the report titled “Accounting Software Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” that was recently included in the massive repository of Market Research Reports Search Engine (MRRSE).

Software as a Service (SaaS) and large enterprise accounting software are expected to grow rapidly during the forecast period. In addition, the tax management segment is estimated to rise at a significant pace, owing to its efficiency in generating tax filing reports. Time & expense management systems are also expected to see greater demand for the foreseeable future. The banking, financial services, and insurance segment are anticipated to continue with major market share during the forecast period. This can be attributed to the fact that it can assist in improving efficient operations of the workers in the BFSI sector.

Accounting Software Market: Report Overview

A comprehensive regional and global-level analysis & forecast on the accounting software market, in terms of value (US$ Mn), for the period of forecast 2018 to 2026 has been provided to readers in this report. Business dynamics such as social, political, technological and economic factors that affect the requirement and demand for accounting software have been closely examined and assessed in the report.

A detailed value chain analysis on the accounting software industry has also been included in the report, and the Porter’s Five Forces and PESTEL analysis models have been used to help the readers understand the competitive scenario among key market players, including details such as SWOT and company financials. An extensive market attractiveness analysis has also been included in the report, where all applications have been benchmarked on the basis of aspects such as market size, general attractiveness, and growth rate.

Accounting Software Market: Research Methodology

Detailed discussions and in-depth interviews have been carried out with a number of prominent opinion leaders and industry experts in order to develop this report. Extensive primary and secondary research methodologies have been used, which have greatly helped in in the extraction of relevant information on the accounting software market. Primary research represents the bulk of the research, which has been validated and supported by extensive secondary research.

Leading and new companies in the accounting software market have been reviewed, while data sources such as annual reports, SEC filings, and press releases have been used for extracting an accurate analysis on the market’s competitor landscape. The research approach employed here has been proven to be very efficient in finding trustworthy intelligence on the market data, the industry participants, and unexplored business opportunities.

Browse Full Global Accounting Software Market Report with TOC :

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