According to the report, the global small business accounting software market size is expected to grow from Millions of USD in 2020 to Millions of USD by 2028, growing at a CAGR of 11.32% from 2021 to 2028. Growth Opportunities revenue via small business accounting software technology is driving its growth. The improvement in operational efficiency of many companies and the increase in productivity are the main drivers of this increase in income, as well as the growing number of SMEs. The price and profitability of the solution for these businesses creates more opportunities for growth.
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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global ACCOUNTING SOFTWARE FOR SMALL BUSINESS industry, including an overview of current market size and forecast for key segments and regions, market driving forces, likely effects from key trends, how all this will affect the business plan, SWOT analysis of critical sectors for each of the main competitors, customers and more! Providing valuable data on conglomerates likely to impact this industry is essential for any company planning to invest properly over the next 5 years. These results complement our initial quantitative study to facilitate any new investments or threat planning traits in existing sectors through a strategic business plan.
Impact of COVID-19
The current COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions were felt over a long period. Our research interviewed numerous delegates from this industry, in all geographic markets, to gather useful information to address the potential challenges that the COVID-19 pandemic may bring in the future.
In terms of the impact of COVID 19, the Small Business Accounting Software Market report also includes the following data points:
• Impact of COVID-19
• Government aid and industry recovery policies
• Recent corporate developments to combat the negative impact
• Window of opportunity and post-COVID trend
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Some of the major small business accounting software players with the largest market share are Intuit Inc, Sage Software Inc, SAP SE, and Oracle Corporation. These players are using acquisition as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Intuit Inc.
• Sage Software Inc.
• SAP SE
• Oracle Corporation
• Microsoft Corporation
• Infor Inc.
• Epicor software company
• Xero Ltd.
• Zoho Corporation
• Red Wing Inc. software.
Market segment by Deployment Type with emphasis on Market Share, Consumption Trend and Growth Rate of Small Business Accounting Software Market:
o On site
Market Segment by Organization Size with focus on Market Share, Consumption Trend and Growth Rate of Small Business Accounting Software Market:
o Small and medium enterprises
o Large Companies
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Global Small Business Accounting Software Geographic Coverage:
• North America
o United States
o United Kingdom
o Rest of Europe
• Asia Pacific
o South Korea
o Rest of Asia-Pacific
• Latin America
o Rest of Latin America
• Middle East and Africa
o Saudi Arabia
o South Africa
o Rest of MEA
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