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Accounting Software Market Size, Outlook, Geographical Segmentation, Business Challenges and Opportunities till 2026

Top Players in Accounting Software Market are Oracle (NetSuite), Sage Group Plc., Workday, Inc., Zeta Software LLC, Infor, Inc., Microsoft Corporation, SAP SE, Intuit Inc., Epicor Software Corporation, Xero Ltd., Red Wing Software Inc., Zoho Corporation, MRI Software, AccountMate Software Corporation, and Acumatica

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Jan 20, 2021 (The Expresswire) -- The rapid shift from the traditional way of managing financial records to adopting an accounting information system is the key trend in the global Accounting Software Market. Fortune Business Insights in a recent report published the above information. The growing demand for computerized accounting across different end-use industries is surging the adoption of accounting software. The report mentions that the overall accounting software market is expected to grow from USD 11,071.6 Million in 2018 to USD 20,408 Million by 2026 at a CAGR of 8.02% during the forecast period.

The global accounting software market size, valued at USD 11,071.6 Mn in 2018, is projected to reach USD 20,408.0 Mn by the end of 2026, exhibiting a CAGR of 8.02%

To Gain More Insights into the Accounting Software Market Analysis, Browse Summary of the Research Report - https://www.fortunebusinessinsights.com/industry-reports/accounting-software-market-100107

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

The report on the accounting software market contains :

  • Future insights into the market

  • In-depth study of the regions

  • Product and brand strategies

  • Factors enabling market growth

  • Competitive landscape

  • COVID-19 impact

List of Top Key Players Mentioned:

  • Oracle

  • Sage Group Plc.

  • Workday

  • Zeta Software LLC

  • Infor

  • Microsoft Corporation

  • SAP SE

  • Intuit Inc.

  • Epicor Software Corporation

  • Xero Ltd.

  • Red Wing Software Inc.

  • Zoho Corporation

“RMS Joins Hands with M3 to Offer the Best Hotel Management Solutions”

Several MNCs are either partnering or acquiring small or mid-scale companies to sustain in the market. Some of the developments initiated by companies are mentioned below:

  • In April 2019, Infor acquired Efficient Frontiers, Inc. dba ReServe Interactive. This acquisition is aimed to help Infor expand its presence in stadiums, entertainment centers, convention centers and others. The company uses the ReServe’s cloud-based platform to offer advanced functionalities via Infor CloudSuite hospitality.

  • In the same year and month, Xero announced the launch of a new subscription plan. This plan called “Payroll Only Subscription” helps small companies with processes such as Single Touch Payroll (STP).

  • In April 2019, RMS partnered with a leading cloud-based financial platform called M3 to help its clients offer the best hotel management solutions.

  • An accounting software provider called FreeAgent was acquired by Starling Bank to automate their tax and accounting management.

Request a Sample Copy for more detailed Accounting Software Market Overview - https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/accounting-software-market-100107

The report answers the following questions:

  • What are the recent accounting software market trends and developments?

  • How will the market be affected by changing consumer behavior?

  • Which strategies are being adopted by key players to enhance their market footprint?

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