North America Accounting Software Market Size, Share & Industry Trends Analysis Report By Component (Solution and Services), By Type, By Deployment Model, By Organization Size, By Vertical, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Accounting Software Market would witness market growth of 17.9% CAGR during the forecast period (2022-2028).
A decent accounting tool will follow the local tax requirements and make tax preparation easy. Accounting software can aid organizations to calculate taxes faster and apply the correct tax to the transactions more correctly when the company has to deal with different tax rates. It can also aid organizations to stay organized and prepared for tax season by providing tax summary reports that give a better knowledge of the taxes.
One of the most important aspects of accounting software such as Wave is its flexibility to be used from anywhere while maintaining strict security. The accounting and financial data is uploaded to the cloud, kept on online servers, and safeguarded by a Security Matrix with accounting software. Users can view the firm's financial and accounting data from anywhere if the organization consists of a laptop and an Internet connection. In addition, users can designate a certain number of people who have access to the data with each type of software. They can also specify each person's access privileges. Because the data is saved in the cloud, accountants can collaborate with one another.
North America has a long history of healthcare innovation. The region has an opportunity to leverage the healthcare system and achieve an even greater impact through developments in the life sciences in this era of fast technological change and overall interconnectivity. North America can be a destination for investment and talent, increasing the health and biosciences enterprises to sustain a more sustainable health system while improving North America's prosperity, with dedication and strong action. By 2027, Canada will have doubled the size of its health and biosciences sector and will have established itself as a top-three global hub by increasing and advancing innovative technologies, recruiting and keeping capital, skills, and talent, and ensuring a vibrant ecosystem that will unlock the sector's full potential and lead to better health outcomes.
The US market dominated the North America Accounting Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $11,257.6 million by 2028. The Canada market is estimated to grow at a CAGR of 20.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 19.5% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Type, the market is segmented into Commercial, Enterprise, Custom, and Spreadsheets. Based on Deployment Model, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, Manufacturing, Government & Public Sector, Telecom & IT, Media & Entertainment, Healthcare & Life Sciences, Energy & Utilities, Retail & Ecommerce, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Infor, Inc. (Koch Industries), Oracle Corporation, IBM Corporation, Zoho Corporation Pvt. Ltd., Epicor Software Corporation, Workday, Inc, Sage Group plc (Sage Intacct, Inc.), FreshBooks (2ndSite, Inc.), and Kingdee International Software Group Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Deployment Model
By Organization Size
- Large Enterprises
- Small & Medium-sized Enterprises (SMEs)
- Government & Public Sector
- Telecom & IT
- Media & Entertainment
- Healthcare & Life Sciences
- Energy & Utilities
- Retail & Ecommerce
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- SAP SE
- Infor, Inc. (Koch Industries)
- Oracle Corporation
- IBM Corporation
- Zoho Corporation Pvt. Ltd.
- Epicor Software Corporation
- Workday, Inc
- Sage Group plc (Sage Intacct, Inc.)
- FreshBooks (2ndSite, Inc.)
- Kingdee International Software Group Co., Ltd.
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