Codat Guide to the Accounting Software Market 2021

This guide provides an overview of the accounting software market as of 2021, detailing trends and changes influenced by the pandemic. It notes a significant increase in new business registrations in both the US and UK, highlighting a shift towards digital-first business models. The demand for accounting software has grown, particularly for cloud-based solutions, driven by government initiatives and changing consumer behaviors. The report discusses the competitive landscape, noting how key players are adapting to meet the evolving needs of small businesses. It also outlines the demographics influencing software choices, such as business size and industry. The guide includes insights into market share and the adoption rates of various accounting software solutions across different regions, including the UK, USA, Australia, New Zealand, and Canada. Data collection methods are described, emphasizing the challenges in obtaining accurate market share figures. The report aims to provide a comprehensive understanding of the current state of the accounting software market.