Account Reconciliation Software Market
PUBLISHED: 2022 ID: SMRC22135
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Account Reconciliation Software Market

Account Reconciliation Software Market Forecasts to 2028 - Global Analysis By Deployment (On-Premise and Cloud), Enterprise Size (Small & Medium Enterprises and Large Enterprises), Reconciliation Type (Inter Company Reconciliation, Bank Reconciliation and Inter Company Reconciliation), Component (Services and Software), End User and By Geography

4.3 (18 reviews)
4.3 (18 reviews)
Published: 2022 ID: SMRC22135

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $2.88 BN

Projected Year Value (2028)

US $7.25 BN

CAGR (2022 - 2028)

16.6%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Europe

According to Stratistics MRC, the Global Account Reconciliation Software Market is accounted for $2.88 billion in 2022 and is expected to reach $7.25 billion by 2028 growing at a CAGR of 16.6% during the forecast period. Reconciliation is the process of comparing monthly financial accounts from external sources, such as banks, financial institutions, and credit card firms, with monthly accounts from internal sources connected to finances. Many banks and fintech firms employ account reconciliation software to control their internal sales register accounts and spot human mistakes. The primary objective of account reconciliation software is to guarantee that the balance of two accounts at the conclusion of the accounting month is accurate.

According to a survey conducted by Citibank in 2019, around 70% of banks in the UK used automated account reconciliation software, which reduced their operational cost and improved security.



Market Dynamics:

Driver:

Growth in online transaction

The need for reconciliation software has increased as a result of the expansion in digitalization across several sectors. Additionally, as a result of an upsurge in urbanization, supportive governmental regulations, and an increase in internet transactions, the retail sector has become one of the most adaptable industries. The increase in e-commerce sales has resulted in an increase in online payments and electronic billings; as a result, merchants are using recon software to keep track of online data, supporting market growth.

Restraint:

Different security issues faced by enterprises

Due to the lack of security offered by the programme, one of the main problems limiting the expansion of recon software is an increase in cyber attacks on online transactions. Additionally, firms who use reconciliation software have a number of problems, such as delayed data inputs, error-prone inputs, and the inability to identify large frauds. Furthermore, small and medium-sized businesses are more vulnerable to human error and cyber attacks, which hampers market expansion.

Opportunity:

Growth in use of machine learning and artificial intelligence

Artificial intelligence (AI) is a crucial component of several sorts of recon software and development. In order to construct their recon software models, a large number of companies are turning to machine learning and artificial intelligence, which has the enticing potential to expand the industry. In order to reduce human error in the accounting process and enhance the security of bank transactions, some merchants are also incorporating artificial intelligence into their software for reconciliation. Additionally, AI improves transaction visibility, which helps businesses better analyze customer transactions. As a result, the market will have lucrative opportunities.

Threat:

High cost of reconciliation software

The price of reconciliation software is expected to restrict the market. Furthermore, publicly accessible solutions entice small enterprises to do their fundamental reconciliation activities. The majority of small firms cannot afford to buy expensive software solutions. Instead, these companies frequently use solutions that are readily accessible. Additionally, throughout the course of the forecast period, factors including a lack of understanding and awareness of the benefits of employing reconciliation software are anticipated to restrain the growth of the global account reconciliation software market.

Covid-19 Impact

Globally, COVID-19 has an impact on several industries. The pandemic will cause a decline in the demand for automated reconciliation software. Many private and public organizations were temporarily closed as various governments announced nationwide lockdowns to stop the spread of the virus. The market suffered because of the global economy's disruption. However, the market is projected to experience growth again in the post-pandemic phase as more fintech and bank industries embrace cloud-based account reconciliation software to reduce the loss brought on by the COVID-19 pandemic situation.

The bank reconciliation segment is expected to be the largest during the forecast period

The bank reconciliation segment is estimated to have a lucrative growth, due the rise in the adoption of the reconciliation process in banks and the fintech industry. Additionally, the expansion of bank reconciliation software is fueled by the rise in errors in the banking industry, such as calculation errors, double payments, and missing payments errors. Furthermore, it is projected that the industry will benefit from the growing demand to monitor accounts payable and receivable.

The software segment is expected to have the highest CAGR during the forecast period

The software segment is anticipated to witness the fastest CAGR growth during the forecast period, due to an increase in the adoption of recon software solutions in the retail industry. Moreover, businesses in the retail industry have been implementing this software to improve operational effectiveness and aid staff in better inventory management. Additionally, by increasing their revenue margin, reducing operating expenses, and automating their sales transaction details, different retail businesses have benefited from recon software.

Region with highest share:

North America is projected to hold the largest market share during the forecast period, owing to the increased use of cutting-edge technologies in the banking and fintech industries and the requirement to manage the large amount of data produced by online transactions. Furthermore, a few of banks in North America have implemented account reconciliation software to detect banking fraud in real-time and streamline consumer transaction processes.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the substantial demand in European nations for specialized reconciliation software solutions that adhere to the new GDPR regulations. Additionally, BFSI organizations have been gradually implementing account reconciliation software products, which support them in streamlining procedures to raise customer satisfaction and enable them to cut the time spent on data preparation by 15 times. As a result, these businesses are better equipped to retain customers and grow their market share.



Key players in the market

Some of the key players profiled in the Account Reconciliation Software Market include Sage Software Solution Pvt. Ltd., Broadridge Financial Solutions, Oracle Corporation, AutoRek, BlackLine, Fiserv, Quickbooks, ReconArt, SAP SE, Xero Limited, SmartStream, Adra, Cashbook

Key Developments:

In June 2020, BlackLine and Capgemini, a leader of consulting, technology, professional, and outsourcing services, inked a collaboration agreement. The goal of the alliance was to help finance and accounting (F&A) teams cut business-process expenses while improving process effectiveness and efficiency.

In March 2020, AutoRek joined with Nationwide Building Society, one of the major savings and mortgage providers. AutoRek aims to build a market-leading cloud-based financial controls and data management platform as a result of the agreement. This platform can handle a variety of reconciliation and attestation issues.

In February 2020, AutoRek partnered with The Bank of England and the bank is expected now to employ AutoRek's automated reconciliation and data management service. The new technology was designed to give the bank a consolidated platform for daily and monthly reconciliation duties.

In December 2019, QuickBooks announced the launch of novel Online Payroll. This product allows small businesses to run payroll and file taxes automatically and receive tax penalty protection and gain access to essential services such as health benefits, worker’s compensation and on-demand HR.

In September 2019, Oracle Corporation entered into collaboration with FSS for helping banks execute digital payment strategies successfully, with the use of enterprise class, corporate payment solution, and open and modern retail.

Deployments Covered:
• On-Premise
• Cloud

Enterprise Sizes Covered:
• Small & Medium Enterprises
• Large Enterprises

Reconciliation Types Covered:
• Inter Company Reconciliation
• Bank Reconciliation
• Customer Reconciliation

Components Covered:
• Services
• Software

End Users Covered:
• Government & Public
• Retail & E-Commerce
• IT & Telecom
• Healthcare
• Manufacturing
• Energy & Utilities
• Banking, Financial Services and Insurance (BFSI)
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Account Reconciliation Software Market, By Deployment
5.1 Introduction
5.2 On-Premise
5.3 Cloud

6 Global Account Reconciliation Software Market, By Enterprise Size
6.1 Introduction
6.2 Small & Medium Enterprises
6.3 Large Enterprises

7 Global Account Reconciliation Software Market, By Reconciliation Type
7.1 Introduction
7.2 Inter Company Reconciliation
7.3 Bank Reconciliation
7.4 Customer Reconciliation

8 Global Account Reconciliation Software Market, By Component
8.1 Introduction
8.2 Services
8.3 Software

9 Global Account Reconciliation Software Market, By End User
9.1 Introduction
9.2 Government & Public
9.3 Retail & E-Commerce
9.4 IT & Telecom
9.5 Healthcare
9.6 Manufacturing
9.7 Energy & Utilities
9.8 Banking, Financial Services and Insurance (BFSI)
9.9 Other End Users

10 Global Account Reconciliation Software Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 Sage Software Solution Pvt. Ltd.
12.2 Broadridge Financial Solutions
12.3 Oracle Corporation
12.4 AutoRek
12.5 BlackLine
12.6 Fiserv
12.7 Quickbooks
12.8 ReconArt
12.9 SAP SE
12.10 Xero Limited
12.11 SmartStream
12.12 Adra
12.13 Cashbook

List of Tables
1 Global Account Reconciliation Software Market Outlook, By Region (2020-2028) ($MN)
2 Global Account Reconciliation Software Market Outlook, By Deployment (2020-2028) ($MN)
3 Global Account Reconciliation Software Market Outlook, By On-Premise (2020-2028) ($MN)
4 Global Account Reconciliation Software Market Outlook, By Cloud (2020-2028) ($MN)
5 Global Account Reconciliation Software Market Outlook, By Enterprise Size (2020-2028) ($MN)
6 Global Account Reconciliation Software Market Outlook, By Small & Medium Enterprises (2020-2028) ($MN)
7 Global Account Reconciliation Software Market Outlook, By Large Enterprises (2020-2028) ($MN)
8 Global Account Reconciliation Software Market Outlook, By Reconciliation Type (2020-2028) ($MN)
9 Global Account Reconciliation Software Market Outlook, By Customer Reconciliation (2020-2028) ($MN)
10 Global Account Reconciliation Software Market Outlook, By Bank Reconciliation (2020-2028) ($MN)
11 Global Account Reconciliation Software Market Outlook, By Customer Reconciliation (2020-2028) ($MN)
12 Global Account Reconciliation Software Market Outlook, By Component (2020-2028) ($MN)
13 Global Account Reconciliation Software Market Outlook, By Services (2020-2028) ($MN)
14 Global Account Reconciliation Software Market Outlook, By Software (2020-2028) ($MN)
15 Global Account Reconciliation Software Market Outlook, By End User (2020-2028) ($MN)
16 Global Account Reconciliation Software Market Outlook, By Government & Public (2020-2028) ($MN)
17 Global Account Reconciliation Software Market Outlook, By Retail & E-Commerce (2020-2028) ($MN)
18 Global Account Reconciliation Software Market Outlook, By IT & Telecom (2020-2028) ($MN)
19 Global Account Reconciliation Software Market Outlook, By Healthcare (2020-2028) ($MN)
20 Global Account Reconciliation Software Market Outlook, By Manufacturing (2020-2028) ($MN)
21 Global Account Reconciliation Software Market Outlook, By Energy & Utilities (2020-2028) ($MN)
22 Global Account Reconciliation Software Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2020-2028) ($MN)
23 Global Account Reconciliation Software Market Outlook, By Other End Users (2020-2028) ($MN)
24 North America Account Reconciliation Software Market Outlook, By Country (2020-2028) ($MN)
25 North America Account Reconciliation Software Market Outlook, By Deployment (2020-2028) ($MN)
26 North America Account Reconciliation Software Market Outlook, By On-Premise (2020-2028) ($MN)
27 North America Account Reconciliation Software Market Outlook, By Cloud (2020-2028) ($MN)
28 North America Account Reconciliation Software Market Outlook, By Enterprise Size (2020-2028) ($MN)
29 North America Account Reconciliation Software Market Outlook, By Small & Medium Enterprises (2020-2028) ($MN)
30 North America Account Reconciliation Software Market Outlook, By Large Enterprises (2020-2028) ($MN)
31 North America Account Reconciliation Software Market Outlook, By Reconciliation Type (2020-2028) ($MN)
32 North America Account Reconciliation Software Market Outlook, By Customer Reconciliation (2020-2028) ($MN)
33 North America Account Reconciliation Software Market Outlook, By Bank Reconciliation (2020-2028) ($MN)
34 North America Account Reconciliation Software Market Outlook, By Customer Reconciliation (2020-2028) ($MN)
35 North America Account Reconciliation Software Market Outlook, By Component (2020-2028) ($MN)
36 North America Account Reconciliation Software Market Outlook, By Services (2020-2028) ($MN)
37 North America Account Reconciliation Software Market Outlook, By Software (2020-2028) ($MN)
38 North America Account Reconciliation Software Market Outlook, By End User (2020-2028) ($MN)
39 North America Account Reconciliation Software Market Outlook, By Government & Public (2020-2028) ($MN)
40 North America Account Reconciliation Software Market Outlook, By Retail & E-Commerce (2020-2028) ($MN)
41 North America Account Reconciliation Software Market Outlook, By IT & Telecom (2020-2028) ($MN)
42 North America Account Reconciliation Software Market Outlook, By Healthcare (2020-2028) ($MN)
43 North America Account Reconciliation Software Market Outlook, By Manufacturing (2020-2028) ($MN)
44 North America Account Reconciliation Software Market Outlook, By Energy & Utilities (2020-2028) ($MN)
45 North America Account Reconciliation Software Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2020-2028) ($MN)
46 North America Account Reconciliation Software Market Outlook, By Other End Users (2020-2028) ($MN)
47 Europe Account Reconciliation Software Market Outlook, By Country (2020-2028) ($MN)
48 Europe Account Reconciliation Software Market Outlook, By Deployment (2020-2028) ($MN)
49 Europe Account Reconciliation Software Market Outlook, By On-Premise (2020-2028) ($MN)
50 Europe Account Reconciliation Software Market Outlook, By Cloud (2020-2028) ($MN)
51 Europe Account Reconciliation Software Market Outlook, By Enterprise Size (2020-2028) ($MN)
52 Europe Account Reconciliation Software Market Outlook, By Small & Medium Enterprises (2020-2028) ($MN)
53 Europe Account Reconciliation Software Market Outlook, By Large Enterprises (2020-2028) ($MN)
54 Europe Account Reconciliation Software Market Outlook, By Reconciliation Type (2020-2028) ($MN)
55 Europe Account Reconciliation Software Market Outlook, By Customer Reconciliation (2020-2028) ($MN)
56 Europe Account Reconciliation Software Market Outlook, By Bank Reconciliation (2020-2028) ($MN)
57 Europe Account Reconciliation Software Market Outlook, By Customer Reconciliation (2020-2028) ($MN)
58 Europe Account Reconciliation Software Market Outlook, By Component (2020-2028) ($MN)
59 Europe Account Reconciliation Software Market Outlook, By Services (2020-2028) ($MN)
60 Europe Account Reconciliation Software Market Outlook, By Software (2020-2028) ($MN)
61 Europe Account Reconciliation Software Market Outlook, By End User (2020-2028) ($MN)
62 Europe Account Reconciliation Software Market Outlook, By Government & Public (2020-2028) ($MN)
63 Europe Account Reconciliation Software Market Outlook, By Retail & E-Commerce (2020-2028) ($MN)
64 Europe Account Reconciliation Software Market Outlook, By IT & Telecom (2020-2028) ($MN)
65 Europe Account Reconciliation Software Market Outlook, By Healthcare (2020-2028) ($MN)
66 Europe Account Reconciliation Software Market Outlook, By Manufacturing (2020-2028) ($MN)
67 Europe Account Reconciliation Software Market Outlook, By Energy & Utilities (2020-2028) ($MN)
68 Europe Account Reconciliation Software Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2020-2028) ($MN)
69 Europe Account Reconciliation Software Market Outlook, By Other End Users (2020-2028) ($MN)
70 Asia Pacific Account Reconciliation Software Market Outlook, By Country (2020-2028) ($MN)
71 Asia Pacific Account Reconciliation Software Market Outlook, By Deployment (2020-2028) ($MN)
72 Asia Pacific Account Reconciliation Software Market Outlook, By On-Premise (2020-2028) ($MN)
73 Asia Pacific Account Reconciliation Software Market Outlook, By Cloud (2020-2028) ($MN)
74 Asia Pacific Account Reconciliation Software Market Outlook, By Enterprise Size (2020-2028) ($MN)
75 Asia Pacific Account Reconciliation Software Market Outlook, By Small & Medium Enterprises (2020-2028) ($MN)
76 Asia Pacific Account Reconciliation Software Market Outlook, By Large Enterprises (2020-2028) ($MN)
77 Asia Pacific Account Reconciliation Software Market Outlook, By Reconciliation Type (2020-2028) ($MN)
78 Asia Pacific Account Reconciliation Software Market Outlook, By Customer Reconciliation (2020-2028) ($MN)
79 Asia Pacific Account Reconciliation Software Market Outlook, By Bank Reconciliation (2020-2028) ($MN)
80 Asia Pacific Account Reconciliation Software Market Outlook, By Customer Reconciliation (2020-2028) ($MN)
81 Asia Pacific Account Reconciliation Software Market Outlook, By Component (2020-2028) ($MN)
82 Asia Pacific Account Reconciliation Software Market Outlook, By Services (2020-2028) ($MN)
83 Asia Pacific Account Reconciliation Software Market Outlook, By Software (2020-2028) ($MN)
84 Asia Pacific Account Reconciliation Software Market Outlook, By End User (2020-2028) ($MN)
85 Asia Pacific Account Reconciliation Software Market Outlook, By Government & Public (2020-2028) ($MN)
86 Asia Pacific Account Reconciliation Software Market Outlook, By Retail & E-Commerce (2020-2028) ($MN)
87 Asia Pacific Account Reconciliation Software Market Outlook, By IT & Telecom (2020-2028) ($MN)
88 Asia Pacific Account Reconciliation Software Market Outlook, By Healthcare (2020-2028) ($MN)
89 Asia Pacific Account Reconciliation Software Market Outlook, By Manufacturing (2020-2028) ($MN)
90 Asia Pacific Account Reconciliation Software Market Outlook, By Energy & Utilities (2020-2028) ($MN)
91 Asia Pacific Account Reconciliation Software Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2020-2028) ($MN)
92 Asia Pacific Account Reconciliation Software Market Outlook, By Other End Users (2020-2028) ($MN)
93 South America Account Reconciliation Software Market Outlook, By Country (2020-2028) ($MN)
94 South America Account Reconciliation Software Market Outlook, By Deployment (2020-2028) ($MN)
95 South America Account Reconciliation Software Market Outlook, By On-Premise (2020-2028) ($MN)
96 South America Account Reconciliation Software Market Outlook, By Cloud (2020-2028) ($MN)
97 South America Account Reconciliation Software Market Outlook, By Enterprise Size (2020-2028) ($MN)
98 South America Account Reconciliation Software Market Outlook, By Small & Medium Enterprises (2020-2028) ($MN)
99 South America Account Reconciliation Software Market Outlook, By Large Enterprises (2020-2028) ($MN)
100 South America Account Reconciliation Software Market Outlook, By Reconciliation Type (2020-2028) ($MN)
101 South America Account Reconciliation Software Market Outlook, By Customer Reconciliation (2020-2028) ($MN)
102 South America Account Reconciliation Software Market Outlook, By Bank Reconciliation (2020-2028) ($MN)
103 South America Account Reconciliation Software Market Outlook, By Customer Reconciliation (2020-2028) ($MN)
104 South America Account Reconciliation Software Market Outlook, By Component (2020-2028) ($MN)
105 South America Account Reconciliation Software Market Outlook, By Services (2020-2028) ($MN)
106 South America Account Reconciliation Software Market Outlook, By Software (2020-2028) ($MN)
107 South America Account Reconciliation Software Market Outlook, By End User (2020-2028) ($MN)
108 South America Account Reconciliation Software Market Outlook, By Government & Public (2020-2028) ($MN)
109 South America Account Reconciliation Software Market Outlook, By Retail & E-Commerce (2020-2028) ($MN)
110 South America Account Reconciliation Software Market Outlook, By IT & Telecom (2020-2028) ($MN)
111 South America Account Reconciliation Software Market Outlook, By Healthcare (2020-2028) ($MN)
112 South America Account Reconciliation Software Market Outlook, By Manufacturing (2020-2028) ($MN)
113 South America Account Reconciliation Software Market Outlook, By Energy & Utilities (2020-2028) ($MN)
114 South America Account Reconciliation Software Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2020-2028) ($MN)
115 South America Account Reconciliation Software Market Outlook, By Other End Users (2020-2028) ($MN)
116 Middle East & Africa Account Reconciliation Software Market Outlook, By Country (2020-2028) ($MN)
117 Middle East & Africa Account Reconciliation Software Market Outlook, By Deployment (2020-2028) ($MN)
118 Middle East & Africa Account Reconciliation Software Market Outlook, By On-Premise (2020-2028) ($MN)
119 Middle East & Africa Account Reconciliation Software Market Outlook, By Cloud (2020-2028) ($MN)
120 Middle East & Africa Account Reconciliation Software Market Outlook, By Enterprise Size (2020-2028) ($MN)
121 Middle East & Africa Account Reconciliation Software Market Outlook, By Small & Medium Enterprises (2020-2028) ($MN)
122 Middle East & Africa Account Reconciliation Software Market Outlook, By Large Enterprises (2020-2028) ($MN)
123 Middle East & Africa Account Reconciliation Software Market Outlook, By Reconciliation Type (2020-2028) ($MN)
124 Middle East & Africa Account Reconciliation Software Market Outlook, By Customer Reconciliation (2020-2028) ($MN)
125 Middle East & Africa Account Reconciliation Software Market Outlook, By Bank Reconciliation (2020-2028) ($MN)
126 Middle East & Africa Account Reconciliation Software Market Outlook, By Customer Reconciliation (2020-2028) ($MN)
127 Middle East & Africa Account Reconciliation Software Market Outlook, By Component (2020-2028) ($MN)
128 Middle East & Africa Account Reconciliation Software Market Outlook, By Services (2020-2028) ($MN)
129 Middle East & Africa Account Reconciliation Software Market Outlook, By Software (2020-2028) ($MN)
130 Middle East & Africa Account Reconciliation Software Market Outlook, By End User (2020-2028) ($MN)
131 Middle East & Africa Account Reconciliation Software Market Outlook, By Government & Public (2020-2028) ($MN)
132 Middle East & Africa Account Reconciliation Software Market Outlook, By Retail & E-Commerce (2020-2028) ($MN)
133 Middle East & Africa Account Reconciliation Software Market Outlook, By IT & Telecom (2020-2028) ($MN)
134 Middle East & Africa Account Reconciliation Software Market Outlook, By Healthcare (2020-2028) ($MN)
135 Middle East & Africa Account Reconciliation Software Market Outlook, By Manufacturing (2020-2028) ($MN)
136 Middle East & Africa Account Reconciliation Software Market Outlook, By Energy & Utilities (2020-2028) ($MN)
137 Middle East & Africa Account Reconciliation Software Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2020-2028) ($MN)
138 Middle East & Africa Account Reconciliation Software Market Outlook, By Other End Users (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials