PRTODAY / NewswireToday Free press release distribution service network

More news: Software
Written by / Agency / Source: TechSci Research

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Indian Accounting Software Market to Witness Double Digit Growth through 2019 Says TechSci Research - Online and Customized Accounting Software to significantly contribute towards boosting India’s Accounting Software Market during 2014-19 - TechSciResearch.com
Indian Accounting Software Market to Witness Double Digit Growth through 2019 Says TechSci Research

 

NewswireToday - /newswire/ - Burnaby, British Columbia, Canada, 2014/05/21 - Online and Customized Accounting Software to significantly contribute towards boosting India’s Accounting Software Market during 2014-19 - TechSciResearch.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Accounting software is used to record and process accounting transactions. The overall Indian accounting software market is dominated by the core accounting software segment, followed by practice management and software tools segments. Practice management software allows users and managers to plan their tasks and efficiently manage work, while removing bottlenecks. Practice management software is being majorly adopted by medium and large enterprises.

During 2010-13, large revenue growth in overall market revenues of accounting software market was witnessed on account of rising end user awareness in India. This is being further supported by the mandatory requirement for all companies to submit accounting records through computer based excel sheet instead of the traditional paper based accounting record. In India, southern region has been spurring the demand for accounting software, while increasing demand from western and northern is projected to furtherpropel the market in coming years. Increasing demand for customized accounting software by the companies, coupled with expected International Financial Reporting Standards (IFRS) implementation in the country, is anticipated to drive market revenues during the next five years.

According to a recently published TechSci Research report,“India Accounting Software Market Forecast & Opportunities, 2019”, the Indian accounting software market revenues are projected to grow at a CAGR of around 16.1% during 2014-19. Tally Solutions Pvt Ltd, Busy Infotech Pvt Ltd, Marg Compusoft Pvt Ltd, and Intuit Technology Services Pvt Ltd are the major players in the country’s accounting software market. These major companies are gearing up to capitalize on the available and emerging opportunities in retail, distribution and manufacturing sectors in the country. Further, the cloud based accounting software solutions and real time data analysis features are expected to further increase accounting software adoption in India.

“SME segment is the leading revenue contributing segment in Indian accounting software industry. Further, the rapid increment in the number of SMEs along with their increasing IT spending is expected to augment revenue growth in the country’s accounting software market.However, the industry continues to face a stiff challenge from piracy software, which is resulting in huge revenue losses for the industry players.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Accounting Software Market Forecast & Opportunities, 2019” has analyzed the potential of the accounting software market and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: TechSci Research

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


Indian Accounting Software Market to Witness Double Digit Growth through 2019 Says TechSci Research

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Ken Mathews - TechSciResearch.com 
+91 12 04316223 ken.mathews[.]techsciresearch.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any TechSci Research securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From TechSci Research / Company Profile


Read Software Most Recent Related Newswires:

NAKIVO VM Backup Appliance Based on Synology NAS Cuts IT Administration Time by 75% for Diam Group
Chausport Reorganizes its Information System around Infor CloudSuite Fashion
OpenText to Acquire Guidance Software
Telecom Brokerage Fuels Rapid Growth with NetSuite
Rocket Software Continues Modernization of UniData
Oracle Monetization Cloud Enables Recurring Revenue Models for Digital Services Providers
Bomgar Announces New Global Channel Program to Support Growth Initiatives
ForeScout Partners with ServiceNow for Improved Asset Management, Compliance and Security Response
IBM X-Force Red Launches New Services for Automotive Industry and IoT
IBM and University of Alberta Publish New Data on Machine Learning Algorithms to Help Predict Schizophrenia
PTC Named a Global Leader in IoT Platforms by IDC MarketScape
The Weather Company Collaborates with PurpleAir to Provide Community Air Quality Data Across its Consumer Properties
Pegasystems and Accenture Team to Offer Communications Service Providers Intelligent Customer Decisioning as a Service to Improve Customer Engagement
Frost & Sullivan Recognizes eClinicalWorks’ Revenue Cycle Management Services with Leadership Award
London Stock Exchange Group Collaborating with IBM to Develop Securities Data Blockchain Solution for European SMEs

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)