india accounting software market forecast and opportunities, 2019
DESCRIPTION
Rising Awareness, Growing SMBs and Increasing IT Spending to Drive Accounting Software Market in India.TRANSCRIPT
M a r k e t . I n t e l l i g e n c e . E x p e r t s
India Accounting S oftware Market Forecast & Opportunities , 2019
I n d u s t r y B r i e f
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A comprehensive accounting software offers a multitude of benefits such as providing sales / tax invoicing and excise
invoicing, cost estimates, customer information, billing, book keeping, credit management, financial statement, interest
calculation, scenario management, multi-currency accounting, etc., to an organization. Modern-day accounting systems are
equipped with automated features and multi-user accessibility. The overall accounting software market can be broadly
categorized into three segments including accounting software, practice management and software tools. In 2013,
accounting software segment accounted for the largest revenue share of the overall Indian accounting software market, and
was followed by practice management segment. Small and Medium Enterprises (SMEs) and corporations are the major end
users of accounting software, followed by CA firms and educational institutes.
According to “India Accounting Software Market Forecast & Opportunities, 2019”, the revenues of accounting
software market are forecast to grow at a CAGR of around 16% during 2014-19. The demand for accounting software is
expected to be driven majorly by rapidly increasing adoption of online and customized accounting software. The growth of
Legal Process Outsourcing (LPO) market in India would also augment the usage of accounting software in LPO companies. In
India, southern region is the leader in accounting software market on the back of well-established IT infrastructure,
increasing IT spending along with presence of large number of SMBs and financial institutions. In addition, International
Financial Reporting Standards (IFRS)are expected to be implemented in India from 1st April’ 2015, which would further spur
the demand for accounting software in the country over the forecast period. In Indian accounting software industry, Tally
Solutions Pvt. Ltd. is the market leader in terms of revenues, followed by Busy Infotech Pvt. Ltd., Marg Compusoft Pvt. Ltd.
and Intuit Technology Services Pvt. Ltd. “India Accounting Software Market Forecast & Opportunities, 2019” report
elaborates following particulars:
India Accounting Software Market Size, Share & Forecast
Regional & Pricing Analysis Segmental Analysis – Accounting Software, Practice Management & Software Tools
Changing Market Trends & Emerging Opportunities
Strategic Recommendations & Competitive Landscape
T a b l e o f C o n t e n t s
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1. Analyst Briefing
2. India Software Industry Market Outlook
3. India Accounting Software Market Outlook
3.1. Market Size & Forecast
3.1.1. By Value
3.2. Market Share & Forecast
3.2.1. By Segment
3.2.2. By End User
3.2.3. By Region
4. India Accounting Software Pricing Analysis
5. India Legal Process Outsourcing Services
6. Market Dynamics
6.1. Drivers
6.2. Challenges
7. Market Trends & Developments
7.1. Strategic Tie-ups By Key Players
7.2. IFRS Implementation
7.3. Online Accounting Software
7.4. Customized Accounting Software
8. India Economic Outlook
9. Competitive Landscape
9.1. Tally Solutions Pvt. Ltd.
9.2. Busy Infotech Pvt. Ltd.
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T a b l e o f C o n t e n t s
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9.3. Marg Compusoft Pvt. Ltd.
9.4. Intuit Technology Services Private Limited
9.5. K.D.K. Softwares India Pvt. Ltd.
9.6. CCH Collaborative Solutions India
9.7. SAP India Pvt. Ltd.
9.8. Oracle India Private Limited
10. Customer Feedback
11. Strategic Recommendations
12. About Us & Disclaimer
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L i s t o f F i g u r e s
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• Figure 1 India Software Industry Market Size, By Value, 2012 – 2019F (USD Billion)
• Figure 2 India Accounting Software Market Share, By Company, By Value, 2013
• Figure 3 India Accounting Software Market Size, By Value, 2010 – 2013 (USD Million)
• Figure 4 India Accounting Software Market Size, By Value, 2014E – 2019F (USD Million)
• Figure 5 India Accounting Software Market Share, By Segment, By Value, 2013
• Figure 6 India Accounting Software Market Share, By Segment, By Value, 2019F
• Figure 7 India Accounting Software Market Share, By End User, By Value, 2013
• Figure 8 India Accounting Software Market Share, By End User, By Value, 2019F
• Figure 9 India SME IT Spending Market Size, By Value, 2012 – 2019F (USD Billion)
• Figure 10 India Accounting Software Market Share, By Region, By Value, 2013 & 2019F
• Figure 11 India Legal Process Outsourcing Market Size, By Value (USD Billion)
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L i s t o f T a b l e s
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• Table 1 India Accounting Software Pricing Analysis, By Company, 2013
• Table 2 Tally Solutions Pvt. Ltd. Financial Revenues, 2011, 2012 and 2013 (USD Million)
• Table 3 Marg Compusoft Pvt. Ltd. Key Personnel Contact Details
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R e s e a r c h M e t h o d o l o g y
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Baseline Methodology :
For the study, TechSci Research gathered information through primary research surveys with 15 respondents from 12
accounting software manufacturers and integrators and cross-verified the information by company annual reports
and secondary sources. We also put through exhaustive search of credible paid databases such as Business Week,
Factiva, Hoovers, etc., as well as our internal database. Our team of analysts has then prudently evaluated all the
collected information and personated them in chronological in order to depict a meaningful and clear picture of
India’s Accounting Software market. While compiling the data we have also crossed checked all the collected
information from multiple sources and data warehouses for presenting the most accurate and precise information of
the concerned industry.
Sources :
Factiva, Company Annual Reports, UN Comtrade, IMF, U.S. UNIFE and International Air Transport Association
Challenges Encountered :
Team encountered major challenges in extracting information as the data availability was limited to only few of the
high level executives.
Companies Interviewed
Top six companies interviewed: Tally Solutions Pvt. Ltd., Busy Infotech Pvt. Ltd., Intuit Technology Services Private Limited, Marg Compusoft Pvt. Ltd., K.D.K. Softwares India Pvt. Ltd.,
and CCH Collaborative Solutions India
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S a m p l e D a t a - S n a p s h o t
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© TechSci Research
Tally, 20.0%
Busy Infotech,
20.0%
Intuit, 20.0%Marg
Compusoft
, 20.0%
Others,
20.0%
Figure 1: India Accounting Software Market
Share, By Company, By Value, 2013
10
20
30
40
2010 2011 2012 2013
Figure 2: India Accounting Software Market
Size, By Value, 2010 – 2013 (USD Million)
Practice
Management,
33%
Accounting
Software,
33%
Software
Tools, 34%
Figure 4: India Accounting Software Market
Share, By Segment, By Value, 2013
10
20
30
40
50
60
70
80
Figure 8: India SME IT Spending Market Size,
By Value, 2012 – 2019F (USD Billion)
North
East
West
2013 2019F--------------------
X% X%
South
2013 2019F--------------------
X% X%
2013 2019F-------------------
X% X%
2013 2019F--------------------
X% X%
Figure 9: India Accounting Software Market
Share, By Region, By Value, 2013 & 2019F
CA Firms,
25.0%
Corporations,
25.0%
SME, 25.0%
Educational
Institues,
25.0%
Figure 7: India Accounting Software Market
Share, By End User, By Value, 2019F
100
200
300
400
500
600
2014E 2015F 2016F 2017F 2018F 2019F
Figure 3: India Accounting Software Market
Size, By Value, 2014E – 2019F (USD Million)
Practice
Management,
33%
Accounting
Software,
33%
Software
Tools, 34%
Figure 5: India Accounting Software Market
Share, By Segment, By Value, 2019F
R e p o r t O r d e r i n g
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Report Name: India Accounting Software Market Forecast and Opportunities, 2019
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A b o u t U s & D i s c l a i m e r
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