India Accounting Software Market Report 2025 | Industry Growth, Report

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 industry 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:

The India accounting software market is witnessing a huge growth spurt, mainly due to the hurried digitization of all kinds of financial functions. With the realization that automating accounting processes is crucial for their operations, organizations are increasing their demand for accounting software. Quite a number of organizations are shifting to cloud-based solutions due to lower costs and thereby management of scalability and flexibility in operation for any size of business. Automation helps in easing accounting processes, ensuring financial management with lesser human error, and adding efficiency in the process with its operations. Consequently, organizations are adopting these software solutions in order to ease work with bookkeeping, invoicing, and tax management-all fundamental activities in the accounting field-driving the growth of the said market. Also, the adoption of artificial intelligence (AI) in the accounting process is enhancing data analysis, decision-making, and forecasting, thus spreading acceptance.

Another reason why the demand for accounting software in India is soaring is the rise of micro, small, and medium enterprises (MSMEs). Such firms are increasingly looking for cost-efficient and scalable financial management tools to better their accounting practices. Accounting software is fast becoming a MUST for MSMEs that want to automate their routine tasks, streamline cash flow management, and comply with tax obligations. The use of these cloud-based accounting systems allows these firms to avoid infrastructure costs and gain real-time access to financial data. The continued entry of MSMEs into the Indian market has further heightened the demand for accounting software that answers the peculiar demand of these small establishments, thus enhancing the overall growth of the market.

The rapidly changing landscape of business in India, with rapid technology adoption, influences the growth of the accounting software market. With retail, manufacturing, and healthcare industries going for digital transformation, there seems to be another driver for the adoption of accounting software solutions as these firms wish to manage their finances in a more structured and effective manner. These tools offer an end-to-end financial management gateway, which is becoming among the key imperatives for those in business who wish to maintain relevance in a fast-evolving market. Also, the government of India is fast-tracking the formalization of the economy with the implementation of Goods and Services Tax (GST). This environment has further encouraged firms to adopt up-to-date accounting systems for compliance purposes. The demand for faster, automated, and scalable financial solutions will keep upward pressure on the India accounting software market for many years to come.

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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.

Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=29809&flag=C

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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