Accounting Software Market Size

QuickBooks Online, Zoho Books, FreshBooks, Wave Accounting, and TallyPrime are majorly used softwares in accounting.

The accounting software market is growing at CAGR of more than 19.4% over the forecast period (2022-2028).

Accounting Software Market size was valued at USD 16.28 Billion in 2023 and is poised to grow from USD 17.59 Billion in 2024 to USD 32.6 Billion by 2032, growing at a CAGR of 8.02% during the forecast period (2025-2032).

Accounting software providers are projected to invest in the development of novel solutions using advanced technologies. Automation will also be a key trend for accounting software companies in the future. Developing accounting software with a better user interface that is simple to use and access with good security features will also be a key area of interest for market players. Providing accounting software on a subscription or pay-as-you-use basis will also generate good revenue for accounting software companies in the future 'QuickBooks (US)  ', 'Xero (New Zealand) ', 'FreshBooks (Canada)  ', 'Zoho Books (India)  ', 'Sage Intacct (US)  ', 'NetSuite (US)  ', 'Wave Accounting (Canada)  ', 'KashFlow (UK)  ', 'MYOB (Australia)  ', 'FreeAgent (UK)  ', 'Sage 50cloud (UK)  ', 'Odoo (Belgium)  ', 'Acumatica Cloud ERP (US)  ', 'Microsoft Dynamics 365 (US)  ', 'SAP Business One (Germany)  ', 'Oracle (US)  ', 'Epicor ERP (US)  ', 'Infor ERP (US)  ', 'SYSPRO ERP (South Africa)  ', 'Workday Financial Management (US)'

The start-up scene is lighting up around the world, resulting in many small and medium enterprises. Ensuring compliance with financial regulations and maintaining proper accounts is necessary for these new companies, which drives market growth.  

Customized Accounting Software Development: Developing and offering customized accounting software will be a major trend that will help companies expand their business scope in the long run. Every business and individual has different demand from their accounting software and hence customization and personalization are expected to play a vital role in future market development.

Presence of key accounting software providers in the North American region helps it emerge as the dominant region in the world. Presence of a strict regulatory compliance framework for financial management and taxes is also a key factor that makes the United States the leading revenue generator for accounting software companies in this region. Moreover, increasing willingness of businesses to opt for accounting software and services to maintain compliance will also help the market growth in this region.