Asia Pacific Accounting Software Market Driven by Mounting Financial Transactions in Businesses

Published Date : Dec 18, 2017

ALBANY, New York, December 18, 2017- While accounting software applications have been used for decades, the move to cloud based accounting software is the new trend, which has been discussed in detail in a market study featured on The report discusses growth trends, market dynamics, and competitive strategies that will impact the Asia Pacific accounting software market in a report, titled “Asia-Pacific Accounting Software Market by Manufacturers, Regions, Type and Application, Forecast to 2022.”

The report provides an in-depth reports of growth drivers, challenges, technological advances, and competitive landscape of the Asia Pacific accounting software market until 2022. The report includes a detailed segmentation based on key parameters and an extensive reports of key segments along with their growth behavior until 2022. The historical and current values are used to present market size and revenue projections of key segments until the end of the forecast period in 2022.

The report has been prepared after insights received from industry experts and opinion leaders. Data collection from accredited agencies form the bulk of primary research, whereas data scrutiny and data compilation forms the basis of secondary research. Secondary research also comprises analyzing statistics pertaining to technological advances, internet sources, and statistical data from agencies and associations.

The 115-page report is compiled in a chapter-wise layout for easy browsing. Each chapter is further divided into sub-chapter to discuss the various market segments at length. 

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The report analyzes the Asia Pacific accounting software depending upon type, application, and country. On the basis of type, the key segments into which the Asia Pacific accounting software market could be divided are online solutions and desktop solutions. In terms of application, the key segments of the Asia Pacific accounting software market include manufacturing, retail, and services. In terms of region, the report divides the Asia Pacific accounting software market into China, Korea, Japan, Taiwan, Southeast Asia, and India. Further, the report studies the growth of the various accounting types in the key domestic markets. The report also studies the growth of accounting software across key application segments in each of the key domestic market in Asia Pacific.

Accounting software is crucial for organizations to manage financial transactions. The capability of the software can vary widely that can range from simple book keeping to managing entire financial comings and goings of large organizations. With the help of accounting software, companies can use their resources in the accounting department efficiently and reduce bookkeeping mistakes that can cause monetary loss.

The use of accounting software allows businesses to process accounts related to financial transactions with greater speed and accuracy than manual processing. This is partly because of use of computers, which can process figures faster than the human brain. Moreover, accounting software enables organizations to increase efficiency via automation. For example, if a business needs to record sales tax on all transactions. Accounting software can be configured to record sales tax for each transaction, rather than doing it manually which involves working out the taxlonghand.

The report discusses the competitive landscape of the Asia Pacific accounting software market. The presence of a large number of players features a fragmented yet competitive vendor landscape, says the report. Leading companies in this market include Intuit, SAP, Microsoft, Epicor, Unit4, Yonyou, Acclivity, Intacct, Aplicor, Sage, Oracle, Infor, Workday, Xero, Kingdee, FreshBooks, Assist Cornerstone, and Red Wing. Each of the companies is profiled for their distinguishing business attributes of product portfolio, financial standing, and SWOT.

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