Rising Awareness, Growing SMBs and Increasing IT Spending to Drive Accounting Software Market in India.

1. Market . Intelligence . Experts
India Accounting Software Market Forecast & Opportunities, 2019

2. Industry Brief
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2
Acomprehensiveaccountingsoftwareoffersamultitudeofbenefitssuchasprovidingsales/taxinvoicingandexciseinvoicing,costestimates,customerinformation,billing,bookkeeping,creditmanagement,financialstatement,interestcalculation,scenariomanagement,multi-currencyaccounting,etc.,toanorganization.Modern-dayaccountingsystemsareequippedwithautomatedfeaturesandmulti-useraccessibility.Theoverallaccountingsoftwaremarketcanbebroadlycategorizedintothreesegmentsincludingaccountingsoftware,practicemanagementandsoftwaretools.In2013, accountingsoftwaresegmentaccountedforthelargestrevenueshareoftheoverallIndianaccountingsoftwaremarket,andwasfollowedbypracticemanagementsegment.SmallandMediumEnterprises(SMEs)andcorporationsarethemajorendusersofaccountingsoftware,followedbyCAfirmsandeducationalinstitutes.
Accordingto“IndiaAccountingSoftwareMarketForecast&Opportunities,2019”,therevenuesofaccountingsoftwaremarketareforecasttogrowataCAGRofaround16%during2014-19.Thedemandforaccountingsoftwareisexpectedtobedrivenmajorlybyrapidlyincreasingadoptionofonlineandcustomizedaccountingsoftware.ThegrowthofLegalProcessOutsourcing(LPO)marketinIndiawouldalsoaugmenttheusageofaccountingsoftwareinLPOcompanies.InIndia,southernregionistheleaderinaccountingsoftwaremarketonthebackofwell-establishedITinfrastructure, increasingITspendingalongwithpresenceoflargenumberofSMBsandfinancialinstitutions.Inaddition,InternationalFinancialReportingStandards(IFRS)areexpectedtobeimplementedinIndiafrom1stApril’2015,whichwouldfurtherspurthedemandforaccountingsoftwareinthecountryovertheforecastperiod.InIndianaccountingsoftwareindustry,TallySolutionsPvt.Ltd.isthemarketleaderintermsofrevenues,followedbyBusyInfotechPvt.Ltd.,MargCompusoftPvt.Ltd. andIntuitTechnologyServicesPvt.Ltd.“IndiaAccountingSoftwareMarketForecast&Opportunities,2019”reportelaboratesfollowingparticulars:
IndiaAccountingSoftwareMarketSize,Share&Forecast
Regional&PricingAnalysisSegmentalAnalysis–AccountingSoftware,PracticeManagement&SoftwareTools
ChangingMarketTrends&EmergingOpportunities
StrategicRecommendations&CompetitiveLandscape

3. Table of Contents
3
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.
StrategicTie-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 InfotechPvt.Ltd.
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4. Table of Contents
4
9.3.
Marg CompusoftPvt.Ltd.
9.4.
Intuit Technology Services Private Limited
9.5.
K.D.K. SoftwaresIndia 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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5. List of Figures
5
•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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6. List of Tables
6
•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 CompusoftPvt.Ltd. Key Personnel Contact Details
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7. Research Methodology
7
BaselineMethodology:
Forthestudy,TechSciResearchgatheredinformationthroughprimaryresearchsurveyswith15respondentsfrom12accountingsoftwaremanufacturersandintegratorsandcross-verifiedtheinformationbycompanyannualreportsandsecondarysources.WealsoputthroughexhaustivesearchofcrediblepaiddatabasessuchasBusinessWeek, Factiva,Hoovers,etc.,aswellasourinternaldatabase.OurteamofanalystshasthenprudentlyevaluatedallthecollectedinformationandpersonatedtheminchronologicalinordertodepictameaningfulandclearpictureofIndia’sAccountingSoftwaremarket.Whilecompilingthedatawehavealsocrossedcheckedallthecollectedinformationfrommultiplesourcesanddatawarehousesforpresentingthemostaccurateandpreciseinformationoftheconcernedindustry.
Sources:
Factiva,CompanyAnnualReports,UNComtrade,IMF,U.S.UNIFEandInternationalAirTransportAssociation
ChallengesEncountered:
Teamencounteredmajorchallengesinextractinginformationasthedataavailabilitywaslimitedtoonlyfewofthehighlevelexecutives.
Companies Interviewed
Topsix companies interviewed: Tally Solutions Pvt.Ltd., Busy InfotechPvt.Ltd., Intuit Technology Services Private Limited, Marg CompusoftPvt.Ltd., K.D.K. SoftwaresIndia Pvt. Ltd., and CCH Collaborative Solutions India
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8. Sample Data -Snapshot
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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

9. Report Ordering
9
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10. About Us & Disclaimer
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