2018-2023 Global Audit Software Market Report (Status and Outlook)
In this report, LP Information studies the present scenario (with the base year being 2017) and the growth prospects of global Audit Software market for 2018-2023.
Audit software (audit management software) is specialized programs that perform a variety of audit functions, such as sampling databases and generating confirmation letters to customers and vendors.
The market for Audit Software was 777 USD Million in 2017 and is projected to register a CAGR of 10.64% between 2017 and 2023 to reach 1426 USD Million by 2023.
North America plays an important role in global Audit Software market, with a market share of XX% in 2017 and is expected to show a similar trend during the forecast period, especially in United States, it has great influence on the development of Audit Software.
The Europe market is mature and developed stably in the past few years and will keep the trend in the next years, it was 182 USD Million in 2017 and will reach 342 USD million in 2023, with a CAGR of 11.03% between 2017 and 2023. But in the changing times, Europe is also full of much uncertainty, from political elections, trade policy and historical problems.
The Asia-Pacific will take an increasing significant part in global Audit Software market, due to the strong demand from China, India and Southeast Asian countries. It was 159 USD million in 2017 in Asia-Pacific, and it is predicted that the market size will reach 329 USD million in 2023, with a market share of 12.93% in global Audit Software market.
The key consumption markets locate at developed countries. The USA takes the market share of 37% in 2017, followed by Europe with 23.5%. China’s consumption market has a quicker growing speed, with a market share of 5.2%.
We tend to believe this industry becomes more and more mature, and the consumption increasing rate will show a smooth curve.
In the international market, the marketing channels characteristic differ from company to company.
The giant companies are more likely to set their own big agents in some major countries and regions taking charge of regional business building their international market position.
Companies in developing countries such as China, in contrast, put more effort on native and domestic market, their product quality is not advanced enough when comparing with leading companies.
Company mergers and acquisitions, and inter-companies cooperation have occurred for development and growth. As the downstream consumption usually follows with developed and rapid economic growth areas, the developed areas’ company now put more effort to underdevelopment regions these years.
Over the next five years, LPI(LP Information) projects that Audit Software will register a 12.9% CAGR in terms of revenue, reach US$ 1610 million by 2023, from US$ 780 million in 2017.
This report presents a comprehensive overview, market shares and growth opportunities of Audit Software market by product type, application, key companies and key regions.
To calculate the market size, LP Information considers value generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
Small & Medium Business
We can also provide the customized separate regional or country-level reports, for the following regions:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
Insight Lean Solutions
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Audit Software market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Audit Software market by identifying its various subsegments.
Focuses on the key global Audit Software players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Audit Software with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Audit Software submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.