Business Accounting Software Market Overview 2020-2024: COVID-19 Industry Analysis, Market Drivers, Restraints, Opportunities & Threats – Technavio


LONDON–(COMMERCIAL THREAD) – The business accounting software market is expected to grow by $ 1.64 billion, growing at a CAGR of over 6% during the forecast period. Download a free sample report

The modernization of financial operations is one of the main drivers of market growth.

More details:

Business Accounting Software Market: Deployment Landscape

On the basis of deployment, the cloud-based segment is expected to experience lucrative growth during the forecast period.

Business Accounting Software Market: Geographic Landscape

By geography, North America will experience lucrative growth during the forecast period. About 29% of the overall market growth is expected to come from North America. The United States is the key market for business accounting software in North America.

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Covered companies:

  • 2NDSITE Inc. (Fresh books)

  • Intuit Inc.

  • Microsoft Corp.

  • Oracle Corp.

  • Priority Software Ltd.

  • Red Wing Software Inc.

  • SAP SE

  • The Sage Plc Group

  • Xero Ltd.

  • and Zoho Corp. Pvt. Ltd.

What our reports offer:

  • Market share assessments for regional and national segments

  • Strategic recommendations for new entrants

  • Covers market data for 2019, 2020, through 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities and recommendations)

  • Strategic recommendations in key business segments based on market estimates

  • Competitive landscaping mapping the main common trends

  • Company profiling with detailed strategies, financial data and recent developments

  • Supply chain trends mapping the latest technological advancements

Technavio offers three forecast scenarios (optimistic, probable and pessimistic) given the impact of COVID-19. Technavio’s extensive research has had a direct and indirect impact on COVID-19 market research reports.

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Main topics covered:


Market landscape

Market sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market Outlook: Forecast for 2019 – 2024

Five forces analysis

  • The bargaining power of buyers

  • Bargaining power of suppliers

  • The threat of new participants

  • The threat of substitutes

  • Threat of rivalry

  • State of the market

Market segmentation by deployment

Customer landscape

Geographic landscape

  • Geographic segmentation

  • Geographic comparison

  • North America Market Size and Forecast 2019-2024

  • Europe – Market Size and Forecast 2019-2024

  • APAC Market Size and Forecast 2019-2024

  • MEA – Market Size and Forecast 2019-2024

  • South America Market Size and Forecast 2019-2024

  • Main leading countries

  • Market opportunity by geography

Drivers, challenges and trends

  • Market factors

  • Volume Driver – Demand-Driven Growth

  • Volume engine – Supply-driven growth

  • Volume driver – External factors

  • Volume driver – Changing demand in adjacent markets

  • Price Driver – Inflation

  • Price Driver – Switching from lower priced units to higher priced units

  • Market challenges

  • Market trends

Supplier landscape

  • Overview

  • Landscape disturbance

Supplier analysis

  • Covered suppliers

  • Positioning of sellers in the market

  • 2NDSITE Inc. (Fresh books)

  • Intuit Inc.

  • Microsoft Corp.

  • Oracle Corp.

  • Priority Software Ltd.

  • Red Wing Software Inc.

  • SAP SE

  • The Sage Plc Group

  • Xero Ltd.

  • Zoho Corp. Pvt. Ltd.


  • Scope of the report

  • Currency conversion rates for US $

  • Research methodology

  • Abreviations list

About Us

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000+ reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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