What is Account Checking Software Market?
Account Checking Software is where the Industries can easily deposit and withdraw money for daily transactions. The pandemic has affected the purchasing decisions of businesses for accounting software. Growth in technology buyers are expected to spend the same for finance and accounting tools. Emerging technologies that will shape the future of the industry. Companies are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period
Highlights from Account Checking Software Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||Microsoft (United States), FIS Global (United States), AutoRek (United States), SAP (Germany), Oracle (United States), ReconArt (United States), NCR Corporation (United States), Jack Henry & Associates (United States), Temenos Group AG (Switzerland), SS&C Technologies (United States), Fiserv (United States), Finastra (United Kingdom), Broadridge Financial Solutions (United States) and SmartStream (United Kingdom)|
The companies operating in this industry are focusing on efficient growth, improvement of operational efficiency and productivity, and focus on maintaining sustainable development. The players are focusing on securing a leading position in this industry. They are continuously looking for the opportunity to reinforce their competitive advantage. To meet high market share, and develop socially responsible business companies are identifying various strategic pillars such as mergers & acquisitions, product enhancements Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Account Checking Software market throughout the forecasted period. Microsoft (United States), FIS Global (United States), AutoRek (United States), SAP (Germany), Oracle (United States), ReconArt (United States), NCR Corporation (United States), Jack Henry & Associates (United States), Temenos Group AG (Switzerland), SS&C Technologies (United States), Fiserv (United States), Finastra (United Kingdom), Broadridge Financial Solutions (United States) and SmartStream (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Adventist Development and Relief Agency (United States), BlackLine, Inc. (United States), Xero (New Zealand), DataLog (Canada) and Cashbook (Ireland).
Account Checking Software Market Segmentation:
|Application / End User||Banks and Enterprise|
|Type||Cloud Based and Premise Based|
On the basis of geography, the market of Account Checking Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Expansion of the Accountant’s Role is just one of the Many Examples of Emerging Trends in Accounting and Automation and AI to Data Security, there are a Lot of Accounting Software Trends
Market Growth Drivers:
Increasing Government Spending on Account Checking Software is Driving the Growth of the Market and Human and Technological Factors are Driving Changes That are Shaking up the Accounting Industry
High Dependency on Traditional Assets Management Methods and Fulfilling Metadata Requirements for Enabling Quick Access to Digitally Stored Assets
Rise in cybersecurity can Hamper the Growth
Increasing innovation in Account Checking Software and Development is the Investment in the Metaverse.
Key Target Audience
Account Checking Software Developer, Government Bodies, Regulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others
Market Leaders & Development Strategies
On 22nd November 2021, Fiserv, Inc. a leading global provider of payments and financial services technology solutions, announced the completion of its acquisition of BentoBox. “Closing this transaction further expands our Clover dining solutions and industry-leading commerce and business management capabilities, enabling nearly 200,000 restaurants of all sizes to deliver unique and differentiating diner experiences, from quick and casual to full service,” said Frank Bisignano, President and Chief Executive Officer of Fiserv.
On 20th March 2021, NPCI to launch new digital payments product for feature phones. The product is at the proof of concept (POC) stage right now, Praveena Rai, chief operating officer, NPCI said. “We need to move into the market which is feature phone-based…Moving towards voice-enabled payments will be the trend of digital payments that we should see and India will be a clear innovator there,” Rai added.