AccountsIQ, Jedox, Sage, NetSuite, LucaNet, Adaptive Insights, SoftLedger, CCH Tagetik, Prophix, Host Analytics, Board, Anaplan, and OneStream., among others, are some of the key players operating in the global financial consolidation software market.
Brooklyn, New York, Feb. 07, 2024 (GLOBE NEWSWIRE) — According to a new market research report published by Global Market Estimates, the global financial consolidation software market is projected to grow at a CAGR of 12.1% from 2024 to 2029.
The growth of the global financial consolidation software market is driven by the rising demand for accurate and timely financial data, increasing compliance requirements, advancements in business analytics technologies, and the rising need for automation in finance.
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Key Market Trends
- Increasing demand for cloud-based solutions: Cloud deployments are quickly gaining ground over on-premises solutions due to their scalability, cost, and ease of implementation. Many manufacturers are shifting their offerings to cloud-based models while new cloud-native competitors emerge.
- Increased demand for automation and artificial intelligence (AI): Businesses want to automate financial consolidation operations and decrease manual errors. AI-powered solutions are becoming increasingly popular for tasks such as data reconciliation, anomaly detection, and forecasting, which improve efficiency and accuracy.
- Growing adoption by mid-sized businesses: The market is extending beyond major corporations to include mid-sized businesses seeking inexpensive and scalable solutions to satisfy their consolidation requirements.
Browse 147 Market Data Tables and 115 Figures spread through 163 Pages and in-depth TOC on “Global Financial Consolidation Software Market – Forecast to 2029’’
Key Market Insights
- As per the organization size outlook, the large companies segment is expected to be the largest segment in the global financial consolidation software market from 2024 to 2029
- As per the deployment mode outlook, the cloud segment is expected to be the largest segment in the global financial consolidation software market from 2024 to 2029
- Asia Pacific region is analyzed to be the fastest-growing region in the market
- North America region is estimated to hold the largest share of the market during the forecast period from 2024 to 2029
- AccountsIQ, Jedox, Sage, NetSuite, LucaNet, Adaptive Insights, SoftLedger, CCH Tagetik, Prophix, Host Analytics, Board, Anaplan, and OneStream., among others, are some of the key players operating in the global financial consolidation software market.
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By Organization Size Outlook (Revenue, USD Billion, 2024-2029)
- Large Companies
- Small and Medium-Sized Companies
By Deployment Mode Outlook (Revenue, USD Billion, 2024-2029)
- Cloud
- On-premise
By Regional Outlook (Revenue, USD Billion, 2024-2029)
North America
- The U.S.
- Canada
- Mexico
Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Netherlands
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Indonesia
- Malaysia
- Singapore
- Vietnam
- Rest of APAC
Central and South America
- Brazil
- Argentina
- Chile
- Rest of CSA
Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of MEA
Contact: Yash Jain
Director- Global Accounts & Strategic Advisory
Email address: yash.jain@globalmarketestimates.com
Phone Number: +1 6026667238
Website: www.globalmarketestimates.com
Attachment
CONTACT: Contact: Yash Jain Director- Global Accounts & Strategic Advisory Email address: yash.jain@globalmarketestimates.com Phone Number: +1 6026667238 Website: www.globalmarketestimates.com
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