Accounting Software Market Size, Share & Trends Analysis Report By Component (Software, Services), By Deployment (Cloud-based, On-premise), By Enterprise Size, By End-use (BFSI, Retail), By Region, And Segment Forecasts, 2025 - 2030

Accounting Software Market Summary

The global accounting software market size was estimated at USD 19.38 billion in 2024 and is projected to reach USD 31.25 billion by 2030, growing at a CAGR of 8.4% from 2025 to 2030. The market has been driven by a growing demand for automation, accuracy, and efficiency in financial operations across enterprises of all sizes.

The increasing complexity of financial processes, coupled with the rising volume of transactional data, has necessitated the adoption of advanced digital solutions. Businesses are focusing on streamlining operations, reducing manual errors, and enhancing compliance, which has contributed to the widespread deployment of accounting software. Furthermore, the globalization of trade and the expansion of small and medium-sized enterprises (SMEs) have also been recognized as major contributors to market growth.

Significant technological advancements have been observed in the accounting software industry, with cloud computing, artificial intelligence (AI), and machine learning being rapidly adopted. Cloud-based platforms have allowed for greater scalability, real-time access to financial data, and seamless collaboration across teams. The incorporation of AI and automation into accounting software has transformed traditional financial operations by enabling predictive analytics, intelligent reporting, and automated transaction processing. AI-powered systems can detect anomalies, flag discrepancies in real-time, and streamline repetitive tasks such as data entry and bank reconciliation. This enhances efficiency and minimizes human error.

The global push for digital tax reporting and financial transparency has compelled businesses to adopt accounting software that ensures compliance with local and international regulations. Initiatives such as the EU's e-invoicing mandates, the UK's Making Tax Digital (MTD), and India's GST framework have made it essential for firms to implement software capable of real-time reporting and automated compliance checks. Vendors are responding by embedding compliance frameworks and audit trail features into their platforms. The government's efforts to modernize tax collection systems are driving a rapid increase in demand for regulation-ready accounting software.

The increasing reliance on mobile devices for business operations has led to growing demand for mobile-friendly accounting solutions. Users now expect the ability to issue invoices, track expenses, and monitor cash flow directly from their smartphones or tablets. Mobile apps with user-friendly dashboards and real-time alerts are empowering business owners and finance teams to manage their finances anytime, anywhere. This trend is especially prominent among freelancers, gig economy participants, and small business owners who value flexibility and speed. As mobile penetration deepens globally, accounting software providers are investing heavily in optimizing mobile functionality.

Despite the market's growth, several restraints have been identified. High initial implementation costs, especially for advanced enterprise-level solutions, have hindered adoption among cost-sensitive SMEs. Data security and privacy concerns, particularly in cloud-based deployments, have also raised concerns among users. In addition, a lack of skilled personnel to manage complex systems and resistance to change within traditional accounting departments have hindered the full-scale deployment of these technologies. As a result, while the market outlook remains positive, these challenges could hamper the growth of the market.

Global Accounting Software Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global accounting software market report based on component, deployment, enterprise size, end-use, and region:

• Component Outlook (Revenue, USD Million, 2018 - 2030)
• Software
• Commercial Accounting Software
• Enterprise Accounting Software
• Billing & Invoice Software
• Payroll Management Software
• Custom Accounting Software
• Spreadsheets
• Services
• Professional Services
• Managed Services
• Deployment Outlook (Revenue, USD Million, 2018 - 2030)
• Cloud-based
• On-premise
• Enterprise Size Outlook (Revenue, USD Million, 2018 - 2030)
• Large Enterprises
• Small and Medium Enterprises
• End-use Outlook (Revenue, USD Million, 2018 - 2030)
• BFSI
• Retail
• Manufacturing
• IT & Telecom
• Government & Public Sector
• Energy & Utilities
• Media & Entertainment
• Pharmaceutical & Healthcare
• Others
• Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Latin America
• Brazil
• Middle East and Africa (MEA)
• KSA
• UAE
• South Africa