Accounting application Market Latest Trends to Boost Industry Growth by 2029
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Over the past two decades, the financial and accounting application solution market has witnessed numerous changes.
PORTLAND, PORTLAND, OR, UNITED STATE, March 27, 2022 /EINPresswire.com/ -- The growing need to streamline the accounting process to reduce manual efforts required for accounting data is expected to fuel the market during the forecast period.
However, data security and privacy concerns are expected to restrict market growth. Moreover, the rise in the adoption of cloud-based subscription programs is one of the major opportunities for the accounting application market.
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The report segments the accounting application market on the basis of components, deployment type, industry verticals, and geography. On the basis of components, it is divided into software and services. On the basis of deployment type, it is segmented into on-premises and cloud.
On the basis of industry verticals, it is classified into banking financial services & insurance (BFSI), healthcare, manufacturing, government, IT & telecom, retail, and others. On the basis of geography, it covers North America, Europe, Asia-Pacific, and LAMEA.
The key players of the accounting application market are SAP SE, Infor, Oracle Corporation, IBM Corporation, Zoho Corporation Pvt. Ltd., Epicor Software Corporation, Workday, Inc., Sage Intacct, Inc., FreshBooks, and Kingdee.
Key Benefits:
• This report provides an extensive analysis of the current and emerging market trends and dynamics in the global accounting application market.
• In-depth analysis has been carried out in this report by constructing market estimations for key market segments between 2016 and 2023.
• This report entails a detailed quantitative analysis of the current market and estimations from 2016-2023, which helps identify prevailing market opportunities.
• Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
• Comprehensive analysis of all regions has been provided that determines prevailing opportunities in these geographies.
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