Fixed internet services had an average growth rate of 7.0% by attaining revenues of USD 8.87 billion between 20, whereas Accounting and Finance Software segment achieved a growth rate of 5.4% to garner revenues of USD 19.9 billion in 2017. According to Canadian Radio-Television and Telecommunications Commission (CRTC), the Canadian telecom industry achieved a growth rate of 3.2% from 2016-2017 generating revenues of USD 38.79 billion in 2017, on account of improvement in data usage through both fixed internet as well as Accounting and Finance Software services. World Development Indicators (WDI) has placed China at the top of the rankings among the various nations according to Purchasing Power Parity (PPP), which holds 19.38% of the world's GDP as of 2018. The United States of America is anticipated to remain as the largest telecom market and Asia Pacific is anticipated to attain highest market share in telecom sector.
The global Accounting and Finance Software market is anticipated to observe noteworthy growth in the forthcoming years, owing to increasing investments by ICT and Telecom industries in research and development activities associated with digital transformation. In-depth profiling of Key Player's Companies.Revenue forecasts, CAGR and growth rates up to 2030.Through 5G connection, about one billion enhanced Accounting and Finance Software broadband subscriptions are anticipated to be covered by 2023. The Information & Communication Technology (ICT) goods exports recorded a growth of 11.51% in 2017 as against 11.20% in 2016. The global Accounting and Finance Software market is estimated to attain noticeable growth over the next 6-7 years, owing to digital transformation taking place across several services such as R&D & Testing, Information Technology (IT), Telecom and Internet. The total number of cellular IoT connections are anticipated to reach 3.4 billion by 2023. The introduction of 5G accompanied by other technologies such as digital reality comprising of Augmented Reality (AR), Virtual Reality (VR) and Mixed Reality (MR) or the fast growing Internet of Things (IoT) are setting new trends for the continuously evolving IT & Telecom industry. The increasing number of innovations and advancements in technology globally has provided various business opportunities and is predicted to drive the growth of the market over the forecast period (2021-2028). Additionally, recent trends, mergers and acquisitions, region-wise growth analysis along with challenges that are affecting the growth of the market are also stated in the report. Key Companies Covered in the Accounting and Finance Software Market Research Report are Oracle Corporation, Microsoft Corporation, SAP SE, Xero Ltd, Intuit Inc., and other key market players.ĬRIFAX added a report on 'Global Accounting and Finance Software Market, 2021-2030' to its database of market research collaterals consisting of overall market scenario with prevalent and future growth prospects, among other growth strategies used by key players to stay ahead of the game.
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