India Accounting Software Market to Grow at 14% during till 2021
Rising demand for real time
analysis, increasing online adoption and growing awareness about benefits of
accounting software to drive accounting software market in India
According to TechSci Research
report, “India Accounting
Software Market By Type, By End-User,
Competition Forecast & Opportunities, 2011 – 2021”, accounting software market in India is projected to grow a CAGR of
over 14% during 2016 - 2021. India is one of the fastest growing software markets
in the world, owing to the presence of various leading global software players
such as Microsoft, Accenture, Oracle, etc. Increasing IT spending and rising awareness about the benefits of accounting
software as compared to paper based accounting system is expected to boost revenue growth in India accounting software market over the
next five years. In 2015, IT spending in India stood at around US$ 67 billion,
and this is further expected to grow at a robust pace until 2021.
India Software Industry Market Size, By Value,
2011-2015 (USD Billion)
Source: TechSci
Research
Browse 18 market data Tables and 27 Figures
spread through 100 Pages and an in-depth TOC on "India Accounting Software Market"
https://www.techsciresearch.com/report/india-accounting-software-market-by-type-enterprise-resource-planning-accounting-software-commercial-accounting-software-and-others-by-end-user-large-medium-and-small-enterprises-competition-forecast-opportunities-2011-2021/716.html
In
India, there were 276.8 million internet users in 2015, and this is projected to
reach 320.9 million by 2016. Furthermore, growing need to analyze huge volumes
of accounting data is fueling demand for accounting software in India. Over the
past few years, accounting software market has undergone radical changes in
terms of consumer acceptance in India. Moreover, adoption of enterprise
mobility and BYOD concept among small and medium enterprises is also growing in
the country. Enterprise Resource Planning accounting software dominates India
accounting software market as the software helps reduce complexity of handling large
financial transactions for enterprises. Tally Solutions, Busy Infotech,
Marg Compusoft, Intuit Technologies, and SAP India are few of the
leading players operating in India accounting software market.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=716
Customers can
also request for 10% free customization on this report.
“Technological
advancements, rising integration of accounting software with various online
applications such as automated billing features, automated bank feeds,
e-commerce websites, etc., coupled with increasing adoption of cloud computing is
anticipated to drive accounting software market in the country through 2021. Increasing
collaborations of small and medium enterprises (SMEs) with e-commerce players
is also projected to drive adoption of accounting software in the coming years.”,
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“India
Accounting Software Market, By Type, By End-User Competition Forecast &
Opportunities, 2011 – 2021” has
evaluated the future growth potential of accounting software market in India and
provides statistics and information on market structure, consumer behaviour and
trends. The report is intended to provide cutting-edge market intelligence and
help decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes emerging trends along with essential drivers,
challenges and opportunities present in India accounting software market.
About TechSci Research
TechSci Research
is a leading global market research firm publishing
premium market research reports. Serving 700 global clients with more than 600
premium market research studies, TechSci Research is serving clients across 11
different industrial verticals. TechSci Research specializes in research based
consulting assignments in high growth and emerging markets, leading
technologies and niche applications. Our workforce of more than 100 fulltime
Analysts and Consultants employing innovative research solutions and tracking
global and country specific high growth markets helps TechSci clients to lead
rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]