Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Account Reconciliation Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global account reconciliation software market reached a value of US$ 2.45 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.8 Billion by 2027 exhibiting a CAGR of 14.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Account reconciliation software refers to an advanced tool used to standardize and automate the settlement process to generate clear and precise financial statements. It is an easy to set up and user-friendly tool with various functionalities and features, such as transaction matching, reporting, issue management, and classification. It is designed to maximize productivity, improve efficiency and save time by eliminating the need for manual calculations and data manipulation. It provides accountants with a streamlined method to ensure the accuracy of their balance sheets and allow them to compare data, analyze discrepancies, attach supporting documents and take the required actions quickly. As a result, account reconciliation software is rapidly gaining traction across numerous industries, including banking, financial services and insurance (BFSI), retail, e-commerce, healthcare, government and public, information technology (IT) and telecom. 

 

 
 

www.imarcgroup.com

Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Account Reconciliation Software Market Trends:

Account reconciliation software is widely utilized to minimize accounting errors, track interest charges, reduce the risk of frauds, and monitor data, such as trial balance and cash flows. Besides this, the growing need for standardized activities in banks and the widespread adoption of customer-centric banking solutions represent the primary factors driving the market. Additionally, the escalating demand for automated banking solutions and error detection software to enhance operational efficiency and reduce overall costs is accelerating product adoption rates. Furthermore, the leading players are introducing innovative account reconciliation software integrated with advanced technologies, such as artificial intelligence (AI) and machine learning (ML), to improve the cash flow management and reconciliation process. This, in confluence with the rising popularity of cloud solutions, is propelling the market growth. Other factors, including the growing need for generating electronic bills, increasing number of online transactions and credit card payments, technological advancements, and favorable government policies, are also creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global account reconciliation software market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on component, deployment mode, organization size and end user.

Breakup by Component:

  • Software
  • Services
     

Breakup by Deployment Mode:

 

 
 

www.imarcgroup.com

Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • On-premises
  • Cloud-based
     

Breakup by Organization Size:

  • Small and Medium-sized Enterprises
  • Large Enterprises
     

Breakup by End User:

  • BFSI
  • Manufacturing
  • Retail and E-Commerce
  • Healthcare
  • IT and Telecom
  • Energy and Utilities
  • Government and Public Sector
  • Others
     

Breakup by Region:

 

 
 

www.imarcgroup.com

To get more information on the regional analysis of this market, Request Sample

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being API Software Limited, BlackLine Inc., Broadridge Financial Solutions Inc., Fiserv Inc., Intuit Inc., Oracle Corporation, ReconArt Inc., Sage Group plc, SmartStream Technologies ltd., Trintech Inc. and Xero Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Deployment Mode, Organization Size, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered API Software Limited, BlackLine Inc., Broadridge Financial Solutions Inc., Fiserv Inc., Intuit Inc., Oracle Corporation, ReconArt Inc., Sage Group plc, SmartStream Technologies ltd., Trintech Inc. and Xero Limited.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global account reconciliation software market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global account reconciliation software market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the deployment mode?
  • What is the breakup of the market based on the organization size?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global account reconciliation software market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Account Reconciliation Software Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Software
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Services
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Deployment Mode
    7.1    On-premises
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Cloud-based
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Organization Size
    8.1    Small and Medium-sized Enterprises
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Large Enterprises
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by End User
    9.1    BFSI
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Manufacturing
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Retail and E-Commerce
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Healthcare
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    IT and Telecom
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Energy and Utilities
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7    Government and Public Sector
        9.7.1 Market Trends
        9.7.2 Market Forecast
    9.8    Others
        9.8.1 Market Trends
        9.8.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    API Software Limited
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    BlackLine Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
        15.3.3    Broadridge Financial Solutions Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    Fiserv Inc.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    Intuit Inc.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    Oracle Corporation
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    ReconArt Inc.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    Sage Group plc
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    SmartStream Technologies ltd.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Trintech Inc.
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
        15.3.11    Xero Limited
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis

List of Figures

Figure 1: Global: Account Reconciliation Software Market: Major Drivers and Challenges
Figure 2: Global: Account Reconciliation Software Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Account Reconciliation Software Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Account Reconciliation Software Market: Breakup by Component (in %), 2021
Figure 5: Global: Account Reconciliation Software Market: Breakup by Deployment Mode (in %), 2021
Figure 6: Global: Account Reconciliation Software Market: Breakup by Organization Size (in %), 2021
Figure 7: Global: Account Reconciliation Software Market: Breakup by End User (in %), 2021
Figure 8: Global: Account Reconciliation Software Market: Breakup by Region (in %), 2021
Figure 9: Global: Account Reconciliation Software (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Account Reconciliation Software (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Account Reconciliation Software (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Account Reconciliation Software (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Account Reconciliation Software (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Account Reconciliation Software (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Account Reconciliation Software (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Account Reconciliation Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Account Reconciliation Software (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Account Reconciliation Software (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Account Reconciliation Software (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Account Reconciliation Software (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Account Reconciliation Software (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Account Reconciliation Software (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Account Reconciliation Software (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Account Reconciliation Software (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Account Reconciliation Software (Retail and E-Commerce) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Account Reconciliation Software (Retail and E-Commerce) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Account Reconciliation Software (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Account Reconciliation Software (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Account Reconciliation Software (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Account Reconciliation Software (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Account Reconciliation Software (Energy and Utilities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Account Reconciliation Software (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Account Reconciliation Software (Government and Public Sector) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Account Reconciliation Software (Government and Public Sector) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Account Reconciliation Software (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Account Reconciliation Software (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: North America: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: North America: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: United States: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: United States: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Canada: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Canada: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Asia-Pacific: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Asia-Pacific: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: China: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: China: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Japan: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Japan: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: India: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: India: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: South Korea: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: South Korea: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Australia: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Australia: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Indonesia: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Indonesia: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Others: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Others: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Europe: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Europe: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Germany: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Germany: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: France: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: France: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: United Kingdom: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: United Kingdom: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Italy: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Italy: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Spain: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Spain: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Russia: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Russia: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Latin America: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Latin America: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Brazil: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Brazil: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Mexico: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Mexico: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Others: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Others: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Middle East and Africa: Account Reconciliation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Middle East and Africa: Account Reconciliation Software Market: Breakup by Country (in %), 2021
Figure 85: Middle East and Africa: Account Reconciliation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Global: Account Reconciliation Software Industry: SWOT Analysis
Figure 87: Global: Account Reconciliation Software Industry: Value Chain Analysis
Figure 88: Global: Account Reconciliation Software Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Account Reconciliation Software Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Account Reconciliation Software Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Account Reconciliation Software Market Forecast: Breakup by Deployment Mode (in Million US$), 2022-2027
Table 4: Global: Account Reconciliation Software Market Forecast: Breakup by Organization Size (in Million US$), 2022-2027
Table 5: Global: Account Reconciliation Software Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Account Reconciliation Software Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Account Reconciliation Software Market: Competitive Structure
Table 8: Global: Account Reconciliation Software Market: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 2499

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links