General Ledger Accounting Software market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The General Ledger Accounting Software Market was valued at USD 12.01 billion in 2022 and is expected to reach USD 19.59 billion by 2028, at a CAGR of 8.5% over the forecast period 2022 – 2028.General Ledger software provides data that aggregates financial transactions across multiple business entities in real time, structures them, coordinates them, and generates integrated financial reports. General Ledger software provides data that aggregates financial transactions across multiple business entities in real time, structures them, coordinates them, and generates integrated financial reports. This solution is especially useful for companies with subsidiaries or branches that use different functional currencies, accounting calendars or operate according to certain local regulations. Implementation of a custom general ledger system takes more than 6 months. Depending on the complexity of the solution, it will cost US $ 140,000 to $ 400,000. Annual return on investment for custom general ledger software can reach up to 220%. The average payback period for such a solution is about 7 months.

 

Key players

 

• ACUMATICA
• OPEN SYSTEMS
• SAGE INTACCT
• MULTIVIEW
• SAP ERP CORE FINANCE
• NETSUITE
• TECHNOLOGY GROUP INTERNATIONAL
• ABILA
• DESKERA
• ACCUFUND

 

By type

 

• On Premise
• Cloud based

 

By Application

 

• SMEs
• Large enterprise
• Small enterprise

 

Scope of the Report

The research study analyzes the global Expanded per lite industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

Market Overview and growth analysis
Import and Export Overview
Volume Analysis
Current Market Trends and Future Outlook
Market Opportunistic and Attractive Investment Segment

Geographic Coverage

North America Market Size and/or Volume
Latin America Market Size and/or Volume
Europe Market Size and/or Volume
Asia-pacific Market Size and/or Volume
Rest of the world Market Size and/or Volume

Key Questions Answered by  Voice  Picking Solution Market Report

What was the  General Ledger Accounting Software market size in 2022 and 2028 ; what are the estimated growth trends and market forecast (2022-2028).

What will be the CAGR of  General Ledger Accounting Software market  during the forecast period (2022-2028) ?
Which segments (product type/applications/end-user) were most attractive for investments in 2021 ? How these segments are expected to grow during the forecast period (2022-2028).
Which manufacturer/vendor/players in the General Ledger Accounting Software market was the market leader in 2022?
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.