GITNUX MARKETDATA REPORT 2024

The Most Surprising Accounting Software Industry Statistics in 2024

Statistic 1

"41% of accounting firms offer more advisory services due to advanced accounting software capabilities."

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Statistic 2

"Integrating accounting software with other business systems is a priority for 67% of users."

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Statistic 3

"By 2025, artificial intelligence in accounting software is projected to grow in usage by over 50%."

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Statistic 4

"The market for forensic accounting software is expected to grow significantly due to increasing fraud cases."

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Statistic 5

"North America held the largest share of the accounting software market in 2019."

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Statistic 6

"SAP holds a significant market share in enterprise-level accounting software solutions."

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Statistic 7

"Cloud-based accounting software solutions are expected to dominate the market by 2025."

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Statistic 8

"The Asia-Pacific region is expected to witness the highest growth rate in the accounting software market."

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Statistic 9

"Small and medium-sized enterprises (SMEs) are rapidly adopting accounting software."

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Statistic 10

"The use of mobile accounting applications has increased by 20% over the last two years."

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Statistic 11

"Over 75% of accounting firms plan to automate their processes using software by 2023."

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Statistic 12

"The accounting software market is projected to grow at a CAGR of 8.6% from 2020 to 2027."

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Statistic 13

"Manual data entry errors in accounting have dropped by 35% with the adoption of accounting software."

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Statistic 14

"82% of accountants report that their clients demand tech-savvy accounting solutions."

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Statistic 15

"The global accounting software market size was valued at approximately $12 billion in 2019."

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Statistic 16

"In 2020, QuickBooks held about 29% of the market share in small business accounting software."

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Statistic 17

"63% of small businesses say accounting software improves their financial accuracy."

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Statistic 18

"58% of large organizations have integrated AI in their accounting software."

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Statistic 19

"70% of businesses believe that cloud accounting software has improved their client relationships."

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Statistic 20

"The adoption rate of cloud accounting software among startups is over 90%."

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