Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
Global Tax and Accounting Software market [2018-2025] by Asia Pacific
By Asia Pacific, the market is segmented into Asia Pacific, Australia, China, India, Japan, South Korea, Singapore, and Rest of Asia Pacific (2018-2025)
| Label | Asia Pacific | Australia | China | India | Japan | South Korea | Singapore | Rest of Asia Pacific |
|---|---|---|---|---|---|---|---|---|
| 2018 | 4495 USD Mn | 261.2 USD Mn | 1537.7 USD Mn | 742.1 USD Mn | 641.9 USD Mn | 369.9 USD Mn | 142.5 USD Mn | 799.7 USD Mn |
| 2019 | 4976.4 USD Mn | 291 USD Mn | 1695.7 USD Mn | 829 USD Mn | 709.3 USD Mn | 408.3 USD Mn | 156.9 USD Mn | 886.2 USD Mn |
| 2020 | 5519.8 USD Mn | 325 USD Mn | 1873.5 USD Mn | 927.7 USD Mn | 785.2 USD Mn | 451.4 USD Mn | 173.1 USD Mn | 983.9 USD Mn |
| 2021 | 6131.4 USD Mn | 363.3 USD Mn | 2072.9 USD Mn | 1039.6 USD Mn | 870.6 USD Mn | 499.9 USD Mn | 191.2 USD Mn | 1093.9 USD Mn |
| 2022 | 6818.1 USD Mn | 406.7 USD Mn | 2295.9 USD Mn | 1166.2 USD Mn | 966.2 USD Mn | 554.1 USD Mn | 211.5 USD Mn | 1217.6 USD Mn |
| 2023 | 7589.9 USD Mn | 455.6 USD Mn | 2545.6 USD Mn | 1309.5 USD Mn | 1073.5 USD Mn | 614.9 USD Mn | 234.1 USD Mn | 1356.8 USD Mn |
| 2024 | 8453.7 USD Mn | 510.7 USD Mn | 2823.9 USD Mn | 1471.1 USD Mn | 1193.4 USD Mn | 682.7 USD Mn | 259.3 USD Mn | 1512.6 USD Mn |
| 2025 | 9416.5 USD Mn | 572.5 USD Mn | 3132.9 USD Mn | 1652.6 USD Mn | 1326.8 USD Mn | 758 USD Mn | 287.2 USD Mn | 1686.5 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
China accounted for the largest market share in 2018 in the Asia Pacific tax and accounting software market, and is expected to reach USD 3132.90 Million in 2025 from USD 1537.70 Million in 2018. However, India is the fastest growing market, which is expected to grow at a CAGR of 12.19% during the forecast period 2019 - 2025. small and medium enterprise segment accounted for the larger market share in 2018, this market is expected to reach USD 5700.80 Million in 2025 from USD 2695.20 Million in 2018. This market is projected to grow at a CAGR of 11.37% during the forecast period from 2019 - 2025. However, small and medium enterprise segment is the fastest growing market, which is expected to grow at a CAGR of 11.37% during the forecast period 2019 - 2025. manufacturing segment accounted for the largest market share in 2018, this market is expected to reach USD 3245.30 Million in 2025 from USD 1490.50 Million in 2018.
This market is projected to grow at a CAGR of 11.83% during the forecast period from 2019 - 2025. accounting software segment accounted for the larger market share in 2018, this market is expected to reach USD 6104.40 Million in 2025 from USD 2938.90 Million in 2018. This market is projected to grow at a CAGR of 11.08% during the forecast period from 2019 - 2025. However, tax software segment is the fastest growing market, which is expected to grow at a CAGR of 11.47% during the forecast period 2019 - 2025. on premise segment accounted for the larger market share in 2018, this market is expected to reach USD 236.60 Million in 2025 from USD 131.30 Million in 2018. This market is projected to grow at a CAGR of 8.81% during the forecast period from 2019 - 2025. However, cloud segment is the fastest growing market, which is expected to grow at a CAGR of 14.57% during the forecast period 2019 - 2025.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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