Albany, NY -- (SBWIRE) -- 03/20/2017 -- Business accounting software is a software that helps organizations to record, process, and track their internal financial transactions. The software takes care of the core financial functions such as accounts receivable, general ledger, accounts payable, payroll, and reporting.

Technavios analysts forecast the global business accounting software market to grow at a CAGR of 6.03% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global business accounting software market for 2017-2021. To calculate the market size, the report considers the sale of business accounting software and solutions, software licenses, maintenance costs, and professional services during the forecast period.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Business Accounting Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Acclivity Group
FreshBooks
Intacct
Intuit
Microsoft
Oracle
Red Wing Software
Sage Group
SAP
Xero
Zoho
Other prominent vendors
Deltek
FinancialForce.com
Wave Accounting
Xpenditure
Yendo
Market driver
High focus on sustainability using green IT
For a full, detailed list, view our report

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Market challenge
Data security and privacy issues
For a full, detailed list, view our report

Market trend
Emergence of business accounting mobile applications
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?