Cloud Accounting Software Market Analysis and Opportunity, Top Companies, Qualitative Analysis by 2025

Adroit Market Research
Global Cloud Accounting Software
Drivers, Restraints, Potential Growth Opportunities,
Vendor Competitive Landscape, Trends and Forecast
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Adroit Market Research
Cloud Accounting Software Market Size and Forecast 2019-2025
• The accounting and financial software has underwent a lot of changes since the last two decades. The biggest
change faced by accounting software solutions is the cloud based offering. The use of cloud based solutions
benefits with Agility, lower set up cost and faster deployment.
• Accounting software are proving to be beneficial for a company as it is increasing the efficiency, as it keeps a track of the
transactions, the flow of the money in and out of the business. It is benefiting as it easily manages the general ledger, business
payroll, account receivables, account payables and other business modules.
• Additionally, it also takes care of the key configurations that ensure accurate financials of the organization such as higher overall
productivity, time-management, cost-effective which are majorly expected to drive the demand in the industry. All of these
benefits makes it more approachable even for a small business.
• The cloud based solutions address even the most typical problems of tradition accounting software and thus, the cloud accounting
services , both the online accessible and via software, are being opted by the small and medium scale businesses. When it comes
to the sharing the financial and customer details with the team, the single user access becomes a tad ineffective.
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Cloud Accounting Software Market Size and Forecast 2019-2025
• The customer service of a particular accounting software is slow and thus affects the companies accounting
requirements. The accounting and financial software solutions have seen many changes in the market like the
SaaS based and cloud based accounting solutions in the last 3 decades. These changes are expected to strengthen
the demand for cloud-based software.
• Rising penetration of business accounting mobile applications and higher adoption of modern technologies in the
region are the factors to which the Asia- Pacific business accounting software market’s growth can be attributed
to. Moreover, factors, such as emergence of small businesses and growing investment in the business sector are
likely to bolster the growth of the market.
• Leading players of the global cloud accounting software market include Intuit, Sage, SAP, Microsoft, Oracle
(NetSuite), Infor, Epicor, Workday, Unit4, Xero, Yonyou, Kingdee, Acclivity, FreshBooks, Zoho, Assit Cornerstone,
MEGI, Reckon, KashFlow, Dropbox, Carbonite, Apptivo, FinancialForce, Wave Accounting Inc., and more others.
• The global cloud accounting software market share is segmented to several classification such as types,
applications, and regional outlook. Based on the type the market is categorized by browser-based, Saas, and
application service providers (ASPs).
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Adroit Market Research
Cloud Accounting Software Market Size and Forecast 2019-2025
• Furthermore, on the basis of applications the market is divided into SMEs, Large Enterprises, and other users.
Looping on to the regional outlook the market widely ranges through Asia-Pacific, North America, Europe, South
America, and Middle East & Africa.
• The increasing demand for SaaS models is likely to fuel the accounting software market into the coming years.
The SaaS model is an expert solution for eliminating the manual process of business. The cloud accounting
software is an ideal solution for industries with number of distributed operations.
• Users of the supply chain or the remote system of the associated system may connect with the system securely. In
addition to that, in the SaaS model, the supplier distributes the high rates of software, hardware and data center
operation between consumers, letting them to advantage from the high-level infrastructure of the original cost.
• Cloud accounting is executed using software which is operated remotely on the cloud. The landscape of cloud
accounting software includes the number of solutions which are specially designed to serve various accounting or
bookkeeping functions.
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Adroit Market Research is an India-based business analytics and consulting company. Our
target audience is a wide range of corporations, manufacturing companies, product/technology
development institutions and industry associations that require understanding of a market’s
size, key trends, participants and future outlook of an industry. We intend to become our
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our core, we are curious people who love to identify and understand industry patterns, create
an insightful study around our findings and churn out money-making roadmaps. Our analysts
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The Cloud Accounting Software Market growth in Asia Pacific region can be attributed to various factors such as the rising diffusion of mobile business accounting software’s and the gained adoption of the technological advancements in the region. Furthermore, other factors such as, appearance of small business and the rising investments in the business segment are expected to support the market in the future.