The growing need to streamline the accounting process to reduce manual efforts required for accounting data is expected to fuel the market during the forecast period.
Accounting applicationis a software program that captures and records all accounting transactions. It includes various functions such as account receivable, account payable, inventory, and others.
SAP SE, Infor, Oracle Corporation, IBM Corporation, and Epicor Software Corporation are some of the key players that operate in the accounting application market.
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The report segments the accounting application market on the basis of component, deployment-type, industry verticals, and geography.
On the basis of component, it is divided into software and services. On the basis of deployment type, it is segmented into on-premises and cloud.
On the basis of industry-verticals, it is classified into banking financial services & insurance (BFSI), healthcare, manufacturing, government, IT & telecom, retail, and others. On the basis of geography, it covers North America, Europe, Asia-Pacific, and LAMEA.
The key players of the accounting application market are SAP SE, Infor, Oracle Corporation, IBM Corporation, Zoho Corporation Pvt. Ltd., Epicor Software Corporation, Workday, Inc., Sage Intacct, Inc., FreshBooks, and Kingdee.
Accounting Application Market Key Segments: By Component
By Industry Verticals
- Banking Financial Services and Insurance
- IT & Telecom
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
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