The accounting term financial close refers to the process of reducing the balance in nominal accounts, such as revenues and expenses, to zero. The close is part of the accounting cycle, and is necessary to prepare these temporary accounts for the next period's transactions and events.
This report contains market size and forecasts of Accounting and Financial Close Software in Global, including the following market information:
Global Accounting and Financial Close Software Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Accounting and Financial Close Software market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cloud-based Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Accounting and Financial Close Software include SAP, IBM, Oracle, BlackLine, FloQast, Prophix Software, Planful, Wdesk and CCH Tagetik, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Accounting and Financial Close Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Accounting and Financial Close Software Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Accounting and Financial Close Software Market Segment Percentages, by Type, 2021 (%)
Cloud-based
On-Premise
Global Accounting and Financial Close Software Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Accounting and Financial Close Software Market Segment Percentages, by Application, 2021 (%)
Small and medium-sized Company
Large Private Company
Listed Company
Global Accounting and Financial Close Software Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Accounting and Financial Close Software Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Accounting and Financial Close Software revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Accounting and Financial Close Software revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
SAP
IBM
Oracle
BlackLine
FloQast
Prophix Software
Planful
Wdesk
CCH Tagetik
Vena
Kaufman Hall Axiom Software
DataRails
Adra Suite by Trintech
Equity Edge
Longview