Global Accounting And Budgeting Software Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
1 Dec, 2023
The global accounting and budgeting software market is expected to grow from $19.07 billion in 2022 to $21.34 billion in 2023 at a compound annual growth rate (CAGR) of 11.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The accounting and budgeting software market is expected to reach $33.11 billion in 2027 at a CAGR of 11.6%.
Global Accounting And Budgeting Software Market Key Driver
The increase in the number of startups is expected to drive the growth of the accounting and budgeting software market in the future. Startups, referring to newly established companies in the early stages of development and growth, benefit from accounting and budgeting software that streamlines financial management, aids in expense tracking, optimizes budgets, and provides real-time insights crucial for informed decision-making during the initial growth phases.
Get a sample of the global accounting and budgeting software market reportGlobal Accounting And Budgeting Software Market Segments
The global accounting and budgeting software market is segmented:
1) By Type: Accounting Software, Budgeting Software
2) By Deployment Type: On-Premise, Software as a Service (SaaS)
3) By Enterprise Size: Large Enterprises, Small And Medium-Sized Enterprises
4) By Application: Personal Money Management, Business Money Management
5) By Industry Vertical: Information Technology (IT) And Telecom, Healthcare, Government And Public Sector, Energy And Utilities, Banking, Financial Services and Insurance (BFSI), Retail and Ecommerce, Manufacturing, Other Industry Verticals
6) By Geography: The regions covered in the accounting and budgeting software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global accounting and budgeting software market.
Major Accounting And Budgeting Software Industry Players
Accounting And Budgeting Software Market Overview
Accounting and budgeting software refers to computer programs or applications designed to assist businesses and individuals in managing their financial records, tracking income and expenses, preparing financial statements, and creating budgets. It is used to efficiently manage financial data and streamline financial processes for businesses and individuals by keeping track of an organization's actual expenditure and sales data versus budget, defining key performance indicators (KPIs), and reporting in real-time on the performance of your business.
Accounting And Budgeting Software Global Market Report 2023 provides data on the global accounting and budgeting software market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The accounting and budgeting software market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.