Cloud Accounting Software Market : Growth Factors, Latest Trend, Applications, Regional Analysis, Key Players and Forecasts 2025

Global Cloud Accounting Software Market Size Status and Forecast 2023

Cloud accounting software is similar to traditional, on-premises, or self-install accounting software, only the accounting software is hosted on remote servers, similar to the SaaS (Software as a Service) business model. Data is sent into “the cloud,” where it is processed and returned to the user. All application functions are performed off-site, not on the user’s desktop. In cloud computing, users access software applications remotely through the Internet or other network via a cloud application service provider. Using cloud accounting software frees the business from having to install and maintain software on individual desktop computers. It also allows employees in other departments, remote or branch offices to access the same data and the same version of the software.

The global Cloud Accounting Software market is valued at 2631 million USD in 2017 and is expected to reach 4688 million USD by the end of 2023, growing at a CAGR of 8.63% between 2017 and 2023.

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Top Manufacturers: Intuit, Sage, SAP, Oracle(NetSuite), Microsoft, Infor, Epicor, Workday, Unit4, Xero, Yonyou, Kingdee, Acclivity, FreshBooks, Zoho, Assit Cornerstone, MEGI, Reckon, KashFlow, Dropbox, Carbonite, Apptivo, FinancialForce, Wave Accounting Inc.

Market Segment by Regions, regional analysis covers

United States

EU

Japan

China

India

Southeast Asia

Market Segment by Type, covers

Browser-based, SaaS

Application Service Providers (ASPs)

Market Segment by Applications, can be divided into

SMEs

Large Enterprises

Other Users

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Cloud accounting is more flexible. cloud accounting software updates financial information automatically and provides financial reporting in real-time. This means account balances are always accurate and fewer errors take place due to manual data entry. They are also better able to handle multi-currency and multi-company transactions more efficiently. Cloud accounting provides an equally secure (and sometimes even more secure) method of storing financial information than traditional accounting software. For instance, a company computer or laptop with critical financial information could be lost or stolen, which could lead to an information breach. Cloud accounting, however, leaves no trace of financial data on company computers, and access to that data in the cloud is encrypted and password protected.

Table of Content:

1 Industry Overview   1

2 Global Cloud Accounting Software Competition Analysis by Players       15

3 Company (Top Players) Profiles and Key Data       24

3.1 Intuit         24

3.1.1 Company Profile            24

3.1.2 Main Business/Business Overview        24

3.1.3 Products, Services and Solutions           25

3.1.4 Intuit Cloud Accounting Software Revenue (Million USD) (2013-2018)        26

3.2 Sage          28

3.2.1 Company Profile            28

3.2.2 Main Business/Business Overview        28

3.2.3 Products, Services and Solutions           29

3.2.4 Sage Cloud Accounting Software Revenue (Million USD) (2013-2018)         31

3.3 SAP           32

3.3.1 Company Profile            32

3.3.2 Main Business/Business Overview        33

3.3.3 Products, Services and Solutions           33

3.3.4 SAP Cloud Accounting Software Revenue (Million USD) (2013-2018)         34

4 Global Cloud Accounting Software Market Size by Types and Application (2013-2018) 93

5 United States Cloud Accounting Software Development Status and Outlook      97

6 EU Cloud Accounting Software Development Status and Outlook          102

7 Japan Cloud Accounting Software Development Status and Outlook       106

8 China Cloud Accounting Software Development Status and Outlook      110

9 India Cloud Accounting Software Development Status and Outlook       114

10 Southeast Asia Cloud Accounting Software Development Status and Outlook  118

11 Market Forecast by Regions, Product and Application (2018-2023)        123

12 Cloud Accounting Software Market Dynamics    134

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