Market Research: Global Business Accounting Software Analysis 2017-’24

by Lilly James Software Advisor

Business accounting software refers to all the systems and applications that are used to record, manage and process financial data. It is used widely by accountants, bookkeepers and finance professionals to record transactions, monitor financial activity and report relevant financial information to stakeholders.

Accounting software generally comprises various commonly used modules such as accounts payable and receivable, trial balance, general ledger, and payroll. It can be developed in-house or purchased from a third party. It may be web-based, desktop-based or even app-based. The market for business accounting software is huge, given its applicability in nearly all types of organizations, and different accounting software varies in their scope and functionality.

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The global market size for business accounting software was estimated at $ 3.2 billion in 2016 and has continued to grow at a steady rate, with key players such as Microsoft, Freshbooks, Oracle, Acclivity, and Zoho dominating the market.

Reference: https://www.softwaresuggest.com/blog/market-research-business-accounting-software/