Global Computational Creativity Market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Forecast till 2027

 Market Overview

Global Computational Creativity Market is expected to reach USD 1.1497 Billion by 2026, registering a CAGR of 25.42% during the forecast period. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the global computational creativity market to offer a better glimpse of the coming years.

Global Computational Creativity Market has been segmented based on Technology, Components, and Application.

Based on the technology, the global computational creativity market has been segmented into natural language processing (NLP), machine learning and deep learning (ML and DL), and computer vision. The machine learning and deep learning segment dominated the market in 2019. Furthermore, the segment is anticipated to emerge as the fastest-growing segment over the forecast period owing to the increasing adoption of machine learning & deep learning algorithm for implementing various applications of computational creativity. The growing demand for the improvement of the creative process and efficiency of creative professionals contributes to the rapid growth of the segment in the computational creativity market. The natural language processing segment is a subfield of artificial intelligence that deals with the interaction between computers and humans using natural language.  The computer vision segment is a branch of artificial intelligence that instruct computers to interpret and understand the visual world.

Based on components, the global computational creativity market has been segmented into solutions and services. The service segment dominated the global computational creativity market in 2019. Its higher growth rate can be attributed to the high demand for services, particularly for consulting, support, and maintenance services. The service segment is further sub-segmented into professional services and managed services. The solution segment is also further divided into software tools and platform.

Based on application, the global computational creativity market has been segmented into marketing and web designing, product designing, music composition, photography and videography, high-end video gaming development, automated story generation, and others. The others segment is further divided into training simulation and R&D. The marketing and web designing segment dominated the market in 2019 due to the ability of computational creativity solutions to assist users to build a creative website easily and quickly with a few simple clicks. Additionally, the growing trends for branding, advertising, and building effective marketing campaigns can be attributed to the use of computational creativity solutions for marketing and web designing applications. The product designing segment is expected to register the highest CAGR during the forecast period. Product designing is the process of imagining, creating, and iterating products that address the consumers' needs.

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COMPETITIVE ANALYSIS

The Key Players in the Global Computational Creativity Market are IBM (US), Google (US), Microsoft (US), Adobe (US), AWS (US), Autodesk (US), The Grid (US), Canva (Australia), Jukedeck (UK), Humtap (US), Amper Music (US), Automated Creative  (UK), ScriptBook (Belgium), B12 (US), Hello Games (UK), Aiva (Luxembourg), Object AI (Hong Kong), Firedrop  (UK), OBVIOUS (France), Prisma Labs (US), Cyanapse (UK), Lumen5 (Canada), Skylum (UK), Logojoy (Canada), and Runway (US).

REGIONAL ANALYSIS

The regional analysis for the computational creativity market has been done for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. In 2019, North America held the largest market share. It is expected to witness strong growth during the study period owing to increasing investments in computational creativity technologies. The market in Asia-Pacific is expected to account for the highest CAGR during the study period, primarily due to the rising use of AI technology for developing creative content.

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Global Agriculture Analytics Market Business Revenue, Future Scope, Market Trends, Key Players and Forecast till 2027

 Market Overview

Global Agriculture Analytics Market is projected to reach USD 1.5 Billion by 2026, registering a CAGR of 11.71% during the forecast period. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the agriculture analytics market to offer a better glimpse into the coming years

Global Agriculture Analytics Market has been segmented based on Component, Farm Size, Deployment, Application, and Region.

Based on component, the global agriculture analytics market has been segmented into solution and services. The solution segment is expected to account for a significant market share over the projected period. The increasing need for agribusiness to analyse critical farm-related data for better decision-making contributes to the growth of the solution segment in the global market during the forecast period.

Based on farm size, the global agriculture analytics market has been segmented into large farms and small and medium-sized farms. The large farms segment accounted for the larger market share and is expected to hold the higher CAGR during the forecast period. The adoption of agriculture analytics solutions in large farms is higher than in small and medium-sized farms due to the affordability. Additionally, large farms usually have the capital to invest in innovative technologies that allow them to improve a well-equipped next-generation agricultural infrastructure.

Based on deployment, the global agriculture analytics market has been segmented into cloud and on-premises. The cloud-based segment is projected to witness the higher CAGR during the study period. Cloud-based software solutions do not require users to purchase a server to run the analytics techniques. Cloud computing focuses on shared networks, servers, and storage devices, eliminating the high costs incurred in maintaining hardware and software infrastructure.

Based on application, the agriculture analytics market has been segmented into farm analytics, livestock analytics, aquaculture analytics, and others. The others segment is further sub-divided into orchid, forestry, and horticulture. The livestock analytics segment is expected to hold the largest share during the forecast period. Agriculture analytics solutions aid livestock producers in making better decisions by acquiring real-time information about animals and improving various livestock management processes.

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Competitive Analysis

The Key Players of the Global Agriculture Analytics Market are Deere & Company (US), IBM (US), SAP SE (Germany), Trimble (US), Monsanto (US), Oracle (US), Accenture (Ireland), Iteris (US), Taranis (Israel), Agribotix (US), Agrivi (UK), DTN (US), aWhere (US), Conservis Corporation (US), DeLaval (Sweden), FBN (US), Farmers Edge (US), GEOSYS (US), Granular (US), Gro Intelligence (US), Proagrica (UK), PrecisionHawk (US), RESSON (Canada), Stesalit Systems (India), AgVue Technologies (US), Fasal (India), AGEYE Technologies (US), HelioPas AI (Baden-Württemberg), OneSoil (Belarus), and Root AI (US)

Regional Analysis

The regional analysis for the global agriculture analytics market has been done for North America, Europe, Asia-Pacific, and the Middle East & Africa, and South America. The market in North America accounted for the largest market share in 2019, and it is expected to register strong growth during the forecast period. The market in Asia-Pacific is expected to register the highest CAGR during the forecast period. This growth can be attributed to the growing adoption of agriculture analytics technology among the various verticals.

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M2M Communication Market Global Trends and Forecast To 2022

 M2M Communication Market, by Technology (Wired, Wireless), by Component (Wi-Fi, Sensors, RFID, Computer Software), by Application (Consumer electronics, Healthcare, Retail, Automotive, Utilities, and Home Automation) - Forecast 2016-2022

M2M Communication Global Market   - Overview

The global M2M communication market is showing immense growth; mainly due to the growing need for energy-efficient lighting systems. M2M communication refers to connecting different machines of the same type other than smartphones, tablets, and wearables with each other. The technology is segmented into wired and wireless. With the advancements in technology, M2M Communication also allows connected vehicle opportunity which offers inter vehicle and intra vehicle in order to improve the driver experience. Strong support of mobile operators and the growing high speed networks are major factors driving the growth of M2M communication market. Also, increase in cloud based M2M application platforms is one major factor driving the growth of the market. Moreover, increasing strategic partnerships with system integrators is another major factor responsible for driving the growth of M2M communication market.

According to a recent study report published by Market Research Future, The global market of M2M Communication is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022 with a striking CAGR during the anticipated period (2017 – 2022). Technological advancements and growing demand for public safety networks is boosting the growth of M2M communication market. Also, increasing demand for M2M communication from transportation and healthcare is another major factor driving the market growth. The M2M Communication market is highly competitive due to the increase in implementation of cloud based technologies and developments in the field of internet of things. On the other hand, lack of standardization and continued uncertainty around 4G LTE are major factors hindering the growth of M2M communication market. Also, getting consumers to pay more for enhanced connectivity and need for integrated M2M solutions are other factors that may hamper the growth M2M communications market.

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Industry News

Jan 2018 – Sierra Wireless is a solid IoT play for the future. Sierra Wireless makes money by producing 2G, 3G and 3G gateways and embedded modules utilized in machine-to-machine communications, and commands approximately one third of the market space and has utilized a strategy of “growth via acquisition” to boost year-over-year revenues.

Jan 2018 – TRAI mulls policy for M2M communications. Telecom regulator, TRAI has come out with proposals on machine-to-machine communications that include a new kind of permit for companies keen on providing services for this new form of technology.

M2M Communication Global Market   - Competitive Analysis

The market of M2M communication appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.

M2M Communication Global Market   - Segmentation

The M2M communication market can be classified into 4 key segments for the convenience of the report and enhanced understanding;

Segmentation by Technology: Comprises of Wired, Wireless and Hybrid

Segmentation by Component: Comprises of Wi-Fi, Sensors, RFID, and Software among others

Segmentation by Application: Comprises of Consumer Electronics, Healthcare, Retail, Automotive, Utilities, and Home Automation among others

Segmentation by Region: Comprises of Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

M2M Communication Global Market   - Regional Analysis

North America is expected to witness a significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of the M2M communication market in North America owing to the presence of a large number of established key players such as Aeris communication. Inc., AT&T, Inc., Cisco Systems Inc., Telenor Group, Intel Corporation, Singtel Group, Texas Instruments, Vodafone Group plc., Verizon Communications, Inc., Sprint Corporation and Telefonica, S.A. among others. Also, U.S. is leading the market in North America due to the rising demand of cloud based services and high-speed networks that enable easy access, analysis and manipulation of stored data transaction to help customers to improve their business operations. Also, due to the drastic fall in the usage of native applications and a considerable shift towards the adoption of cloud based applications in the region, the market is likely to show immense growth in the coming future. M2M communication market in Asia Pacific is expected to grow at a substantial CAGR during 2017 to 2022 due to increasing adoption of smartphones and digital solutions such as smart meters in China and India in the region. Whereas, the Europe market for M2M Communication is expected to grow at a considerable CAGR (2017-2022). Europe is expected to register healthy growth in the machine to machine communication market due to industrial developments as well as infrastructural growth.

Key Players

Aeris communication. Inc. (U.S.), AT&T, Inc. (U.S.), Deutsche Telekom AG (Germany), Cisco Systems Inc. (U.S.), Telenor Group (Norway), KORE Wireless Group (U.S.), Intel Corporation (U.S.),  Rogers Communications Canada, Inc. (Canada), Singtel Group (Singapore), Texas Instruments (U.S.),  Vodafone Group plc. (UK), Verizon Communications, Inc. (U.S.), Sprint Corporation (U.S.), Telefonica, S.A. (Spain), China Mobile Ltd. (China),   Numerex Corp. (U.S.), Sierra Wireless (Canada), and Orange S.A. (France) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global M2M Communication Market.

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Plant Asset Management Market Analysis and Demand with Forecast To 2023

 Plant Asset Management Market Research Report: Information by Offering (Software, Service), by Deployment Mode (Offline, Cloud), by Asset Type (Production Asset, Automation Asset), by End-User (Chemical, Aerospace and Defense) by Region - Global Forecast till 2023

Market Overview

Market Research Future (MRFR) emphasizes in its research report that the global market 2020 is projected to rise rapidly over the review period, achieving a significant market valuation from USD 5.20 Billion in 2017 to USD 8.78 billion by 2023, and a healthy CAGR of 9.5% over the review period. Drivers and Restraints

Growing demand for a cloud-based plant asset management solution drives the plant asset management market. Adopting lean manufacturing practice, requiring real-time data analysis, and growing demand for applications for failure detection also propels market growth. Growing awareness about the adoption of low-cost manufacturing plants, rising customer needs and growing trends in integrating IT and operational technology among others are key factors driving growth in the plant asset management sector. The plant asset management market is also projected to expand at the highest pace over the forecast period. This is due to the rising IoT market and an increasing demand from end-user industries for new technologies.

On the other hand, one of the major factors hampering the growth of the plant asset management market is high initial cost of investment. In addition, the need for periodic upgrading and the complexities involved in plant asset management solutions installations can hinder market development.

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Segmental Analysis

By offering, the market is bifrucated into software and services.

By deployment mode, the plant asset market is divided into offline deployment and cloud deployment.

By asset type, the market is bifurcated into production asset and automation asset.

By end user, the market is divided into chemical, energy and power, food and beverages, oil and gas, healthcare, aerospace & defense, automotive, and others.

Regional Analysis

The global business regional analysis was conducted in four major regions including Asia Pacific, North America, Europe and the rest of the world.

Asia-Pacific owing to the presence of numerous main players and vendors in the area is expected to dominate the plant asset management market. The growing solar, hardware, energy and power industries, and automotive industries are also driving the region's market development. The rising economy has led to growth in Japan, India, China and other Asian countries as the industries adopt plant asset management to minimize maintenance costs.This trend is fueling market growth as foreign investment in the region is growing. Due to the rapidly increasing industrial base and rising competition among the players in the region, the fastest growing market is expected to be the Asia-Pacific market too. North America is slated to be the second-largest market due to the presence of numerous industries and key players in the region, such as IBM Corporation and Honeywell International Inc. North America also has early access to emerging technology due to the superior infrastructure funding, and it is one of the early adopters of the plant asset management system, responsible for business growth.

Competitive Analysis

The major market players operating in the global market as identified by MRFR are   Endress+Hauser Management AG (Switzerland), Honeywell International Inc. (US), General Electric Co. (US), Rockwell Automation, Inc. (US) , Siemens AG (Germany), Yokogawa Electric Corporation (Japan), Emerson Electric Company (US), Dassault Systèmes (France), IBM Corporation (US), and Hitachi Ltd. Plant asset management market tends to be highly competitive. To retain its market place and drive market growth, a competitive environment is created by numerous diverse and diversified foreign organizations, domestic organizations and new entrants. Business leaders are constantly innovating and increasingly pursuing market growth through numerous strategic mergers and acquisitions, innovation, increased research and development investments, and cost-effective product portfolio. Big players invest in internal R&D, and most of all in the purchase of other firms.

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Manufacturing Analytics Market Size, Share, Current Trends, Industry Demand, Regional Outlook and Forecast To 2027

 Global: Manufacturing Analytics Market Information by types (software, services), by application (predictive asset management, inventory management, supply chain analysis, power and energy), by deployment (on demand, on premise) - Forecast to 2027

Market Dynamics

Market Research Future (MRFR) projects substantial gains for the manufacturing analytics market 2020 at a high rate between 2017 and 2027 (assessment period). We will provide covid-19 impact analysis with the report, offering an in-depth review following the coronavirus disease outbreak.

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Impact Analysis on COVID-19

The COVID-19 analysis by MRFR suggests that the manufacturing analytics market can benefit from the high rate of digital transformation, rising investments in analytics combined with the surging demand for location data and remote services, and the mounting need for real-time data to monitor and track the spread of novel coronavirus. The long-term impact of COVID-19 can be significant revenue loss, with the short term impact resulting in closing down of various manufacturing plants in the face of the lockdown situation. However, experts remain hopeful as the manufacturing analytics market is presumed to remain resilient, in line with emerging opportunities induced by COVID-19.

Primary Boosters and Key Deterrents

With the increasing need to find COVID-19 breakthrough, the healthcare industry is facing massive pressure to provide prophylactic, PPE, anti-viral drugs and ventilators around the world. Healthcare institutes make extensive use of advanced technologies, like analytics, machine learning and artificial intelligence (AI) to assess the complex data generated during the pandemic COVID-19 to bring down the virus’s impact.

The demand for cloud-based manufacturing analytics solutions, considering their time-efficient features and affordability, has risen exponentially across enterprises that are in constant need for low cost solutions. The need for manufacturing analytics solutions has shot up in the food and beverages industry, as a result of rising expectations for better quality as well as quantity of products at minimum expense. This is viewed as an attractive opportunity for the renowned players in the manufacturing analytics industry.

Some of the well-known players in the worldwide market are IBM Corporation (U.S.), Oracle Corporation (U.S.), SAS Institute (U.S.), Tibco Software (U.S.) and more. Post SARS-CoV-2, most of these vendors are more actively seeking innovative strategies such as partnerships, new product launches, mergers and acquisitions and collaborations to boost their offerings and their position in the manufacturing analytics market. To cite a reference, in May 2020, Tableau Software, a renowned analytics platform, launched Tableau 2020.2, which can deliver COVID-19 based data at county level, assess hospital data at an institution level and monitor data at date level, saving time while completing higher number of complex analysis. This can be quite relevant while evaluating the COVID-19 impact across the world.

Market Segmentation

For enhanced understanding, the global manufacturing analytics market has been segregated into 6 categories, namely component, deployment, application and vertical.

The market segmentation with respect to component comprises services as well as software.

Deployment-wise segments covered in the market study are on demand and on premise.

Application areas of manufacturing analytics include Inventory Management, Predictive Maintenance & Asset Management, Emergency Management, Energy Management, Supply Chain Planning & Procurement, Sales & Customer Management and others.

Verticals extensively deploying manufacturing analytics solutions and services include food & beverages, pharmaceuticals & life sciences, chemicals, automotive, aerospace, industrial, electronics, and more.

Regional Study

The regional study of the manufacturing analytics industry has been carried out across Europe, North America, APAC or Asia Pacific and RoW or Rest of the World.

North America can remain the most lucrative market in the following years, with the U.S and Canada expected to be the top-performing countries. The manufacturing analytics market in the region is thriving on the back of a huge number of renowned companies like Tableau Software, SAS Institute, Oracle Corporation, Tibco Software, Computer Science Corporation, Dell Statsoft and IBM Corporatio, to name a few. The U.S. market is observing noteworthy growth, thanks to the escalating demand for process optimization across enterprises. However, since the region is manufacturing-driven, the impact of SARS-CoV-2 has been quite significant on all the industries. For example, automobile giants like Ford, Fiat Chrysler and General Motors had to shut down their manufacturing plants to contain the spread of the pandemic.

With the fastest expansion rate, the APAC market can possibly benefit from the high uptake of Industrial IoT or IIoT, mounting need for process optimization, and growing investments in big data for manufacturing. Moreover, post COVID-19 outbreak, more and more enterprises have collaborated with specialists and professional service providers to achieve technical benefits as well as analytics capabilities that can help them build optimum operational framework. These kinds of collaborations and similar strategies can bolster the manufacturing analytics market in the region.

Eminent Contenders

Some of the eminent contenders profiled in the market review include Wipro Limited (India), Oracle Corporation (U.S.), SAP SE (Germany), 1010Data (U.S.), Zensar Technologies Ltd. (India), Dell Statsoft (U.S.), Tibco Software (U.S.), Alteryx (U.S.), IBM Corporation (U.S.), Tableau Software (U.S.), Computer Science Corporation (U.S.), SAS Institute (U.S.), and more.

Recent Updates

May 2020

Aster DM Healthcare along with Life Science Vision Capital and Social Alpha has launched India's first worldwide accelerator and incubator called XHealth Innovation Labs. The latest offering leverages deep manufacturing analytics to gain an enhanced understanding of the key diseases and achieve associated insights. This is a welcome move in the present times, with COVID-19 pushing the healthcare industry to explore disruptive solutions that can be useful in the long-term.

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Intranet as a Service Market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Regional Forecast To 2025

 Global Intranet as a Service Market Research Report: by Offering (Solutions [Mobile Intranet, Social Intranet, Internal Communications & Employee Recognition, Project Management and Document Management], Services [Professional Services, Deployment & Implementation Services and Other Support Services]), by Organization Size (Small & Medium Enterprises and Large Enterprises), by Vertical (IT & Telecom, BFSI, Government & Defense, Travel & Hospitality, Media & Entertainment, Education, Manufacturing and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2025

Overview

Global Intranet as a Service Market is estimated to reach USD 25.5 Billion by 2025, registering a CAGR of 14.2% during the forecast period (2019–2025).

Global Intranet as a Service Market is expected to grow at a significant rate mainly due to the rising need for effective management and streamlining of day-to-day business operations. The intranet as a service is a group of varied software solutions that systematically handle the day-to-day operations for enterprises requiring communications, workforce engagement, collaboration, efficient storage management, and so on. The IaaS helps enterprises in accelerating their business functions, providing them easy access from any location and mobile device, and integrating different operating platforms.

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Regional Analysis

The geographic analysis of the Global Intranet as a Service Market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

North America is expected to be the largest market for the intranet as a service during the forecast period. North America has been segmented into three country-level markets, namely the US, Canada, and Mexico. The US is the largest contributor to the North American market, holding the highest market share and is expected to register substantial growth during the forecast period. The high number of IaaS software providers and significant demand from the financial institutions and Healthcare facilities, among others for cloud-based intranet solutions is driving the intranet as a service market in the US. Canada is expected to register the highest CAGR during the forecast period due to the expected growth in various industry verticals during the coming years.

Europe is expected to hold the second-largest market share in the global IaaS market during the forecast period. In Europe, the UK is expected to account for the largest share due to the growing number of enterprises in the country and the rising need among these enterprises to manage their business operations such as information management and cross-team collaboration. The rest of Europe is expected to register the highest CAGR in the European market during the forecast period.

Globally, the Asia-Pacific market is expected to register the highest CAGR during the forecast period. In the Asia-Pacific region, key countries under the scope of the study are China, Japan, and India. India is expected to register the highest CAGR within the Asia-Pacific market during the forecast period due to the increasing deployment of cloud-based intranet as a service among enterprises. Moreover, the increasing need for cost-effective software solutions, specifically in small- & mid-sized enterprises, is also a key factor for the growth of the market in the region.

The Middle East & Africa market segment is expected to remain stagnant during the forecast period due to the limited growth of the technology-based solutions business. The Middle East & Africa market includes countries like Saudi Arabia, South Africa, the UAE, and Qatar.

The South American intranet as a service market is expected to grow at a considerably higher CAGR than the Middle East & Africa market. Countries that are part of South America include Brazil, Venezuela, Chile, Argentina, and Colombia.

Competitive Analysis

The Key Players of the Global Intranet as a Service Market are Akumina, Inc. (US), The Attollo Group Ltd. (UK), Perficient, Inc. (US), Beetroot AG (Switzerland), Powell Software (France), HUBFLY (US), Aurea, Inc. (US), Happeo (Finland), Elastic Solutions (Poland), DevFacto (Canada), Withum Smith+Brown, PC. (US), LIVETILES LIMITED (US), Wizdom (Denmark), Involv (France), and ElevatePoint (US). Some other contributors to the market include Sigma IT, Content and Code Ltd., Catapult Systems, Habanero Consulting Group, and Cloud Ltd.

Segmental Analysis

Global Intranet as a Service Market has been Segmented Based on Offering, Organization Size, Vertical, and Region.

Based on the Offering, the intranet as a service market has been segmented into solution and service. The solution segment accounted for the larger share in the global market in 2018.

Based on Organization Size, the intranet as a service market has been segmented into small & medium-sized enterprises, and large enterprises. The SME segment is expected to register a higher CAGR during the forecast period, 2019–2025.

Based on Vertical, the intranet as a service market has been segmented into IT & telecom, BFSI, government & defense, travel & hospitality, media & entertainment, education, manufacturing, and others.

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Accounting Software Market Research Report - Global Forecast till 2024

 Global Accounting Software Market: By Industry (BFSI, IT & Telecommunication, Manufacturing, Retail & E-commerce, Healthcare, and Others), By Deployment (On-premise and Cloud-Based), By Organization Size (SME and Large) and Region - Forecast Till 2024

Market Synopsis

As per the analysis by Market Research Future Reports (MRFR), the global accounting software market is estimated to record a CAGR of 8.92% and value USD 26,600 Million during the forecast period from 2018 to 2024. The increased demand for real time computing of applications is one of the most important factors driving the global accounting software market 2020. Besides, there has been an increasing adoption of database management systems, which plays a vital role in expanding the market. Also, there has been a rise in demand for business intelligence and analytics, which has propelled the global market. Another major factor that elevates the demand the increasing trend of big data analytics, analytics, and cloud computing.

Moreover, the rise in demand for an advanced accounting solution, automated solution, and the fast adoption of cloud-based accounting software are augmenting the presence of a market. On the other hand, the established key players like Oracle Corporation, IBM Corporation, and Microsoft Corporation are making significant investments into the software market owing to the increasing demand from several verticals like manufacturing, BFSI, healthcare, IT & Telecommunication among others. This is another factor which is intensifying the market. Furthermore, several opportunities are emerging from the amalgamation of artificial intelligence with accounting and mobile-based accounting software. However, the concerns regarding data security, expenses related to accounting software are the factors that impede the growth of the accounting software market.

Due to the sudden outbreak of novel coronavirus, there has been an immense change in the market dynamics. Several regions have been affected due to the pandemic. We will provide COVID-19 impact analysis with the report.

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Market Segmentation

The global accounting software market can be segregated on the basis of deployment, organization size, industry, and region.

On the basis of deployment, the global accounting software market can be classified into cloud-based and On-premise.

On the basis of organization size, the global accounting software market can be classified into small and medium enterprises and large enterprises.

On the basis of industry, the global accounting software market can be classified into Retail & E-commerce, IT & Telecommunication, BFSI, Manufacturing, Healthcare, and Others.

On the basis of region, the global accounting software market can be classified into Europe, North America, and Asia-Pacific.

Regional Analysis

The regional analysis of Europe, North America, and Asia-Pacific has been conducted. As per the analysis by MRFR, the North American region acquires the largest market share for the accounting software market. The region consists of the established key players who are technically developed. Besides, the presence of high-growth industry sectors such as healthcare, information technology, manufacturing, and e-commerce and retail plays an important role in propelling the market. The growth in the North American region is primarily dominated by the US and Canada. The expansion of the market can be attributed to the rising demand for cloud computing applications in the region. On the other hand, the Asia-Pacific region is likely to grow at the fastest rate during the review period. The APAC region consists of the fastest developing economies like India and China, who are adopting the latest technologies at a swift pace.

Key Players

The forefront players of the global accounting software market are SAP,  Intuit Inc., Sage, Oracle, Xero Limited, Microsoft, Kingdee Internation Software Group (HK) Ltd. Priority Software, Assist Cornerstone, FreshBooks,  Epicor, Tally Solutions Private Limited, yonyou (Hong Kong) co., Ltd., Infor, Unit4, Workday, and few others. Intuit Inc., Sage, SAP, Oracle, Microsoft, and Xero Ltd. is the top best-established companies in the global accounting software market.

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