India Accounting Software Market Overview 

Market Size in 2024: USD 639.99 Million

Market Forecast in 2033: USD 1,416.62 Million

Market Growth Rate (2025-2033): 9.20%

According to the latest report by IMARC Group, the India accounting software market size reached USD 639.99 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,416.62 Million by 2033, exhibiting a growth rate (CAGR) of 9.20% during 2025-2033.

India Accounting Software Industry Trends and Drivers:

Currently, the India accounting software market is also seeing a rapid boost due to various forces that change the financial outlook. Automation adoption within businesses has been one of the most important causes driving this growth. Accounting software is equipped with high-end automation, which helps streamline financial operations, minimize errors caused by humans, and increase efficiency. This would especially benefit small and medium size enterprises that use such tools for effective financial management. Moreover, artificial intelligence enabled such software to offer deeper insights as well as predictive analytics and decision making capabilities that are becoming essential as the emerging competition in the marketplace is tough. Hence, the number of companies preferring cutting-edge technology into their financial operations increases with demand for innovative types of AI-powered accounting software.

Another major reason for this growth in the accounting software market in India has been cloud technology. Organizations are now moving more towards cloud-based platforms with their advantages in flexibility, scalability, and cost efficiency, as opposed to their previous stand of setting up office on-premise systems. With cloud accounting software, the company accesses its financial data at any time and from anywhere, leading to increased productivity and collaboration. Such a grower has also continued to increase the importance of affording and quick scalability of financial tools to further drive the demand for cloud accounting solutions. Most cloud platforms, however, come with good built-in security features that leave little chance of sensitive financial data being accessed by cyber threats-an increasingly worrying problem for businesses out there.

Another segment that makes substantial contribution in terms of driving demand for the accounting software is micro, small, and medium enterprises (MSMEs). While earlier talking about the requirement for scalable, affordable, and efficient financial tools at the most basic level for effective account, tax, payroll, and all other financial activities to be managed by MSMEs, such enterprises are sprouting naturally with the government having quite recently intensified its efforts for promoting government support for developing MSMEs under various initiatives around the need for accounting software-which meet needs of such enterprises. The increasing adoption of accounting software drives the demand for innovation in the sector. This has extended to industries such as retail, manufacturing, and services, making further strides in increasing the market. Thus, as businesses understood about the need of better financial management, the Indian accounting software market is seeing a promising future ahead due to tough growth.

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India Accounting Software Industry Segmentation:

The report has segmented the market into the following categories:

Component Insights:

• Services
• Software

Enterprise Size Insights:

• Large Enterprises
• Small and Medium Enterprises

Type Insights:

• Spreadsheets
• ERP
• Custom Accounting Software
• Tax Management

End-Use Industry Insights:

• BFSI
• IT and Telecommunication
• Others

Regional Insights:

• North India
• South India
• East India
• West India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

India Accounting Software Market News:

• In September 2024, Tally Solutions launched TallyPrime 5.0 with enhanced GST features like direct GST portal integration, GSTR-1 and GSTR-3B reconciliation, and ITC risk identification. It introduced multilingual support for Arabic and Bangla, Stripe View for better readability, pending bills management, and a notification system for critical alerts, improving compliance and business efficiency.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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