Global Tax and Accounting Software Market - Forecast till 2025

SKU ID : MRF- 15748521

Publishing Date : 05-Jun-2020

No. of pages : 140

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  • Global Tax and Accounting Software Market - Forecast till 2025

    Market Dynamics

    The Global Tax and Accounting Software market are anticipated to expand at a CAGR of 7.9% from 2019 to 2025. The accounting professionals and business owners are using the tax and accounting software for account transaction processing and managing the accounts. However, well-established organizations and businesses have their in-house accounting software, the tax and accounting software is leveraging small and medium scale enterprises for their accounting. The rising demand for automated systems across various industries causes the propelling factor for global market expansion.
    The tax and accounting software is used in manufacturing, retail & consumer goods, and BFSI industries with increasing popularity owing to efficient planning and management of financial data economically. The Asia-Pacific is accounted to witness an incredible market lift during the forecast period followed by South America and the Middle East. The rising count of small and medium scale enterprises in emerging economies is one of the factors driving the regional market. The establishment of various recent taxation strategies in India (GST), EU Member States (VAT) increases the demand for cost-efficient and effective accounting and taxation systems. The use of tax software for cloud-based accounting and managing accounting professionals is becoming a bargaining chip for many professionals for personal practice purposes.

    Segmental Analysis

    The Global Tax and Accounting Software Market have been segregated depending on software Type, Deployment Mode, Organization Size, Vertical, and Region.
    Based on Software Type, the market has been subdivided into tax and accounting software, accounting software, and tax software.
    Based on Deployment methods, the global market has been categorized into the cloud-based and premise-based deployment.
    Depending on Organization Size, the market has been divided into small and medium-sized enterprises and large enterprises.
    Based on the vertical segment, the market has been divided into BFSI, IT and telecommunications, retail and consumer goods, manufacturing, healthcare, and others.

    Regional Analysis

    Region Specific analysis of the Global Tax and Accounting Software market has been spanned across North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America.
    In 2018, North America dominates the global market with the largest market contribution of 39.73% with the financial worth of USD 7,407.1 Million. The regional market is estimated to witness significant market expansion with a CAGR of 5.9% during the forecast period. However, Europe is a second-largest market contributor followed by Asia-Pacific the market is accounted to record substantial market advancement CAGR of 6.9%. As per the study, the value of the European market is valued at USD 5,263.1 Million, in 2018.

    Major Market Players

    Some of the Major Players in the Global Tax and Accounting Software Market are Intuit Inc., The Sage Group, SAP SE, Oracle Corporation, Microsoft Corporation, TeamSystem SpA, Xero Limited, FreshBooks, Epicor, Unit4, Red Wing Software, Inc., Tally Solutions Private Limited, Wolters Kluwer, Kingston & Knight Accountants, Dezan Shira & Associates, and KPMG International among others.

    We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.


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    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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