The Accounting Software Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Accounting Software Market?
The Accounting Software Global Market Report 2025 market has experienced significant growth recently. The market size expanded from $18.4 billion in 2024 to $20.18 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 9.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Accounting Software Industry?
The Accounting Software Global Market Report 2025 projects that by 2029, the market size will reach $33.72 billion, growing at a compound annual growth rate (CAGR) of 13.7%.
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What are the Key Growth Drivers Fueling the Accounting Software Market?
The key drivers in the accounting software market are:
• Enhancement in advanced analytics and reporting capabilities
• Increased mobility through remote accessibility
• Support for globalization and multiple currencies
• Adoption of industry-specific software solutions
Global Market Segmentation: Identifying Major Accounting Software Industry Segments
The accounting software market covered in this report is segmented –
1) By Component: Solution, Services
2) By Type: Spreadsheets, Commercial Accounting Software, Enterprise Accounting Software, Custom Accounting Software
3) By Deployment Mode: On-Premise, Cloud
4) By Enterprise Size: Large Enterprises, SMEs
5) By Industry Vertical: BFSI, Retail and Ecommerce, Manufacturing, IT and Telecom, Healthcare, Government and Public Sector, Energy and Utilities, Media and Entertainment, Other Verticals
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What are the Emerging Trends Shaping the Future of the Accounting Software Market?
The key trends in the accounting software market are:
• Integration of artificial intelligence and machine learning in accounting software is a dominant trend shaping the market.
• Mobile accounting applications are emerging as a significant trend.
• There is a noticeable trend towards integrating accounting software with fintech services.
• A significant focus on user experience and design improvements in accounting software is seen as an emerging trend.
Who Are the Top Competitors & Leading Players in the Accounting Software Market?
Major companies in the accounting software market are:
• Microsoft Corporation
• Oracle Corporation
• SAP SE
• Intuit Inc.
• Infor Inc.
• The Sage Group plc
• BKE Solutions LLC
• Epicor Software Corporation
• Xero Limited
• Zoho Corporation Pvt. Ltd.
• Blackbaud Inc.
• Unit4 Business Software Limited
• MYOB Group Pty Ltd
• FreshBooks Inc.
• Wave Financial Inc.
• Tipalti Inc.
• FreeAgent Central Ltd.
• Reckon Limited
• Red Wing Software Inc
• Deskera Holdings Limited
• Cougar Mountain Software Inc.
• Aplos Software LLC
• AccountMate Software Corporation
• Patriot Software LLC
• Multiview Financial Software Inc.
• Acclivity Group LLC
• Saasu Pty Ltd.
• Billy Solutions Inc.
• Kashoo Cloud Accounting Inc.
• ZarMoney Inc.
• Plooto Inc.
• 2ndsite Inc.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the accounting software market in 2024
