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This report studies the Cloud (SaaS, Online) Accounting Software market, online accounting systems are specifically designed to be used through the Internet, rather than being installed locally onto company computers. This reduces information technology requirements like server hardware, backups and maintenance and shifts the expenditure from being a large up-front capital cost to a much smaller, but ongoing, monthly or annual fee.
Cloud Accounting Software is a type of tools to accounting activities. There are two types of accounting software online: browser-based, SaaS and application service providers (ASPs), and the browser-based, SaaS type is leading the growing market at present.
Cloud Accounting Software is mainly used for three applications: SMEs (small & medium enterprises), Large Enterprises, Other Users (personal users or non-profit organizations). And SMEs was the most widely used area which took up about 72% of the global total in 2017.
North America is the largest consumption countries of Cloud Accounting Software in the world in the past few years and it will keep increasing in the next few years. USA market took up about 35.6% the global market in 2017, while EU was about 23.4%.
According to this study, over the next five years the Cloud Accounting Software market will register a 8.6% CAGR in terms of revenue, the global market size will reach US$ 4320 million by 2024, from US$ 2630 million in 2019. In particular, this report presents the global revenue market share of key companies in Cloud Accounting Software business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Cloud Accounting Software market by product type, application, key companies and key regions.
This study considers the Cloud Accounting Software value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Application Service Providers (ASPs)
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Cloud Accounting Software market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Cloud Accounting Software market by identifying its various subsegments.
Focuses on the key global Cloud Accounting Software players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Cloud Accounting Software with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Cloud Accounting Software submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.