India Accounting Software Market- Industry Analysis and Forecast (2019-2026)Posted by akash Arjun pingale on January 4th, 2021 India Accounting Software Market was valued US$ XX Mn in 2018 and is expected to reach US$ XX Mn by 2026, at a CAGR of XX % during a forecast period. An introduction of the innovative technologies are playing a crucial role in the rapid transformation of the accounting sector. Some of the technologies e.g., cloud, artificial intelligence (AI), and blockchain are creating opportunity to access financial data from any internet-enabled device. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. An increase in IT spending and awareness about the benefits of accounting software over paper-based accounting systems are expected to boost the growth in the Indian accounting software market during the forecast period. Additionally, rise in adoption of enterprise mobility and the bring-your-own-device concept among small and medium scale enterprises are some of the prominent factors behind the growth of the India accounting software market. In the current scenario of India accounting software market, The transformation from the conventional way of storing financial records to adoption of accounting solution is witnessing.The accounting software solution is used to record the business data digitally. The Software segment is expected to contribute the US $ XX Mn share in the India accounting software market. Software solutions are widely used to increase the productivity of a workplace and to save precious time across the enterprises. The software can reduce human errors and complete complex calculations with high accuracy. In the India, the large enterprises are usually prefer ERP (Enterprise Resource Program), which can be customized to uniform their business requirements. Furthermore, the cost of implementation of ERP is moderately high. On the other hand, the small and medium enterprises are usually prefer generalized accounting software to accomplish their day-to-day business operations. India is one of the contry, which is experienceing an expotential growth in the accounting software market aross the globe because of the presence of numerious leading global software players like Microsoft, Accenture, Oracle, etc. An increase in IT spending and awareness about the benefits of accounting software is expected to boost growth in the India accounting software market. GST is the latest constitutional changes in the Indian tax system. GST is calculated in various slab rates and necessitates extreme calculations. The software development key players in India have introduced accounting software, which is implemented with GST features to create the accounting process more compatible with the up-to-date tax structure. The objective of the report is to present a comprehensive analysis of India Accounting Software Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. India Accounting Software Market, By Component • Software • Software as a Service (SaaS) • Large Enterprise • Spreadsheets • BFSI • Xero About Us: Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Like it? Share it! More by this author |