India Accounting Software Market Size, Share 2025-2033

India Accounting Software Market Size, Share, Trends and Forecast by Component, Enterprise Size, Type, End-Use Industry, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A29809

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India Accounting Software Market Overview:

The India accounting software market size reached USD 639.99 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,416.62 Million by 2033, exhibiting a growth rate (CAGR) of 9.20% during 2025-2033. The India accounting software market share is driven by the rising adoption of accounting software due to automation, AI integration, and cloud-based solutions. Additionally, micro, small and medium enterprises (MSMEs) are expanding, thereby catalyzing the demand for scalable financial tools.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 639.99 Million
Market Forecast in 2033	USD 1,416.62 Million
Market Growth Rate (2025-2033)	9.20%

India Accounting Software Market Trends:

Rising Digital Transformation

Increasing digital transformation is positively influencing the India accounting software market outlook by enhancing financial automation and efficiency. Businesses are adopting cloud-based accounting solutions to streamline operations and reduce manual financial management errors. Automation features like artificial intelligence (AI)-driven analytics and real-time reporting help companies make informed financial decisions quickly. Digital accounting tools integrate with enterprise resource planning (ERP) systems, improving overall business workflow and operational transparency. The demand for remote access solutions is increasing, enabling businesses to manage finances from any location seamlessly. Small and medium enterprises (SMEs) benefit from cost-effective digital solutions that simplify tax compliance and financial tracking. Government initiatives promoting digital payments and e-invoicing are further accelerating the software adoption across different industry verticals. Businesses are shifting from traditional bookkeeping to cloud-based platforms for real-time access to data. AI and machine learning (ML) enhance fraud detection, financial forecasting, and automated reconciliation, improving financial accuracy. The Institute of Chartered Accountants of India (ICAI) launched CA GPT in December 2024, an AI-powered platform for financial analysis of 5,000 listed companies. With 70,000 active users and 70+ specialized GPT models, it strengthens AI adoption in financial audits and reporting. The integration of accounting software with AI-driven tools is revolutionizing financial insights, making digital transformation essential.

India Accounting Software Market Size

Expansion of Micro, Small and Medium Enterprises (MSMEs)

Growing businesses require efficient financial management solutions to handle transactions, invoicing, and taxation seamlessly. Accounting software helps MSMEs automate bookkeeping, reducing manual errors and improving overall financial accuracy. Government initiatives like Make in India and Startup India are encouraging digital adoption among small enterprises, which further strengthens the India accounting software market growth. Compliance with GST regulations and tax filing requirements is compelling MSMEs toward automated accounting solutions. Cloud-based accounting platforms provide MSMEs with cost-effective, scalable solutions for managing financial operations efficiently. Real-time financial tracking enables businesses to make informed decisions and optimize cash flow management effectively. In 2024, India's MSME sector witnessed significant growth, with 5.70 crore MSMEs being formalized and the Credit Guarantee Scheme approving ₹2.44 lakh crore in guarantees. The PM Vishwakarma Scheme registered 24.77 lakh applications, reflecting a surge in small business participation. Khadi and Village Industries sales reached ₹1.55 lakh crore, marking a fourfold increase in a decade. This rapid expansion is accelerating the adoption of AI-driven accounting tools for financial forecasting, payroll processing, and expense tracking. Mobile-friendly applications further enhance accessibility, allowing MSMEs to manage finances remotely, reinforcing their role in India's economic growth.

India Accounting Software Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033 Our report has categorized the market based on component, enterprise size, type, and end-use industry.

Component Insights:

Services
Software

The report has provided a detailed breakup and analysis of the market based on the component. This includes services and software.

Enterprise Size Insights:

Large Enterprises
Small and Medium Enterprises

A detailed breakup and analysis of the market based on the enterprise size have also been provided in the report. This includes large enterprises and small and medium enterprises.

Type Insights:

Spreadsheets
ERP
Custom Accounting Software
Tax Management

The report has provided a detailed breakup and analysis of the market based on the type. This includes spreadsheets, ERP, custom accounting software, and tax management.

End-Use Industry Insights:

BFSI
IT and Telecommunication
Others

A detailed breakup and analysis of the market based on the end-use industry have also been provided in the report. This includes BFSI, IT and telecommunication, and others.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Accounting Software Market News:

In September 2024, Tally Solutions launched TallyPrime 5.0 with enhanced GST features like direct GST portal integration, GSTR-1 and GSTR-3B reconciliation, and ITC risk identification. It introduced multilingual support for Arabic and Bangla, Stripe View for better readability, pending bills management, and a notification system for critical alerts, improving compliance and business efficiency.

India Accounting Software Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Component Enterprise Size Type End-Use Industry Region
Components Covered	Services, Software
Enterprise Sizes Covered	Large Enterprises, Small and Medium Enterprises
Types Covered	Spreadsheets, ERP, Custom Accounting Software, Tax Management
End-Use Industries Covered	BFSI, IT and Telecommunication, Others
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
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 India accounting software market performed so far and how will it perform in the coming years?
What is the breakup of the India accounting software market on the basis of component?
What is the breakup of the India accounting software market on the basis of enterprise size?
What is the breakup of the India accounting software market on the basis of type?
What is the breakup of the India accounting software market on the basis of end-use industry?
What are the various stages in the value chain of the India accounting software market?
What are the key driving factors and challenges in the India accounting software ?
What is the structure of the India accounting software market and who are the key players?
What is the degree of competition in the India accounting software market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India accounting software market from 2019-2033
The research report provides the latest information on the market drivers, challenges, and opportunities in the India accounting software market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India accounting software industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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