Public Financial Management Software Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Budgets, net worth, and spending trends are all visualized in the public financial management software. The software assists the government in developing a systematic fund flow system as well as a network for payment cum accounting. The public financial management software is a cloud-based method that assists local governments in better aligning people and actions to risk and compliance, as well as the administration of strategic plans. The government can use public financial management software to improve asset management procedures, accounting standards, and internal audits by identifying reporting and risk management.
MARKET DYNAMICS
The primary goal of public financial management software is to develop a well-organized fund flow system as well as a network for payment cum accounting. The public financial management software industry offers a real-time, significant, and trustworthy management information system as well as a public operational decision support system to a variety of stakeholders. By integrating pending payments and limiting the delay, public financial management software helps to reduce paper effort and track the wasteful parking of cash. These factors are contributing to the growth of the market over the years
MARKET SCOPE
The "Global Public Financial Management Software Market Analysis To 2031" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The public financial management software market report aims to provide an overview of the public financial management software market with detailed market segmentation by product type, end user, and geography. The global public financial management software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading public financial management software market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global public financial management software market is segmented based on product type, end user. Based on the product type, the public financial management software market is segmented into web-based software, mobile-based software. Based on end user, the public financial management software market is segmented into large enterprises and small & medium enterprises.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global public financial management software market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The public financial management software market by each region is later sub-segmented by respective countries and segments. The public financial management software market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the public financial management software market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the public financial management software market in these regions.
IMPACT OF COVID-19 ON PUBLIC FINANCE MANAGEMENT SOFTWARE MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has had a positive impact on the public financial management software market. Many public companies now operate their businesses on online platforms due to the lockdown conditions. Therefore, the demand for public financial management software is increasing during COVID-19 and is also set to increase during the forecast period to ensure more safety of all transactions and proper record for future reference.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global public financial management software market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The public financial management software market by each region is later sub-segmented by respective countries and segments. The public financial management software market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the public financial management software market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the public financial management software market in these regions.
IMPACT OF COVID-19 ON PUBLIC FINANCE MANAGEMENT SOFTWARE MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has had a positive impact on the public financial management software market. Many public companies now operate their businesses on online platforms due to the lockdown conditions. Therefore, the demand for public financial management software is increasing during COVID-19 and is also set to increase during the forecast period to ensure more safety of all transactions and proper record for future reference.
MARKET PLAYERS
The reports cover key developments in the public financial management software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from public financial management software market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the public financial management software market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the public financial management software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Synergy International Systems, Inc.
- Tyler Technologies
- Incode Technologies Inc.
- Salesforce.com, Inc.
- nexDimension Technology Solutions, LLC
- Oracle
- ACCOUNTING PLUS FINANCIAL SERVICES INC.
- Pulse Software.
- MAGIQ Software
- Questica
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Public Financial Management Software Market - By Product Type
1.3.2 Public Financial Management Software Market - By End User
1.3.3 Public Financial Management Software Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PUBLIC FINANCIAL MANAGEMENT SOFTWARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. PUBLIC FINANCIAL MANAGEMENT SOFTWARE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. PUBLIC FINANCIAL MANAGEMENT SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. PUBLIC FINANCIAL MANAGEMENT SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. PUBLIC FINANCIAL MANAGEMENT SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PUBLIC FINANCIAL MANAGEMENT SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. WEB-BASED SOFTWARE
7.3.1. Overview
7.3.2. Web-based Software Market Forecast and Analysis
7.4. MOBILE-BASED SOFTWARE
7.4.1. Overview
7.4.2. Mobile-based Software Market Forecast and Analysis
8. PUBLIC FINANCIAL MANAGEMENT SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. LARGE ENTERPRISES
8.3.1. Overview
8.3.2. Large Enterprises Market Forecast and Analysis
8.4. SMALL AND MEDIUM ENTERPRISES
8.4.1. Overview
8.4.2. Small and Medium Enterprises Market Forecast and Analysis
9. PUBLIC FINANCIAL MANAGEMENT SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Public Financial Management Software Market Overview
9.1.2 North America Public Financial Management Software Market Forecasts and Analysis
9.1.3 North America Public Financial Management Software Market Forecasts and Analysis - By Product Type
9.1.4 North America Public Financial Management Software Market Forecasts and Analysis - By End User
9.1.5 North America Public Financial Management Software Market Forecasts and Analysis - By Countries
9.1.5.1 United States Public Financial Management Software Market
9.1.5.1.1 United States Public Financial Management Software Market by Product Type
9.1.5.1.2 United States Public Financial Management Software Market by End User
9.1.5.2 Canada Public Financial Management Software Market
9.1.5.2.1 Canada Public Financial Management Software Market by Product Type
9.1.5.2.2 Canada Public Financial Management Software Market by End User
9.1.5.3 Mexico Public Financial Management Software Market
9.1.5.3.1 Mexico Public Financial Management Software Market by Product Type
9.1.5.3.2 Mexico Public Financial Management Software Market by End User
9.2. EUROPE
9.2.1 Europe Public Financial Management Software Market Overview
9.2.2 Europe Public Financial Management Software Market Forecasts and Analysis
9.2.3 Europe Public Financial Management Software Market Forecasts and Analysis - By Product Type
9.2.4 Europe Public Financial Management Software Market Forecasts and Analysis - By End User
9.2.5 Europe Public Financial Management Software Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Public Financial Management Software Market
9.2.5.1.1 Germany Public Financial Management Software Market by Product Type
9.2.5.1.2 Germany Public Financial Management Software Market by End User
9.2.5.2 France Public Financial Management Software Market
9.2.5.2.1 France Public Financial Management Software Market by Product Type
9.2.5.2.2 France Public Financial Management Software Market by End User
9.2.5.3 Italy Public Financial Management Software Market
9.2.5.3.1 Italy Public Financial Management Software Market by Product Type
9.2.5.3.2 Italy Public Financial Management Software Market by End User
9.2.5.4 United Kingdom Public Financial Management Software Market
9.2.5.4.1 United Kingdom Public Financial Management Software Market by Product Type
9.2.5.4.2 United Kingdom Public Financial Management Software Market by End User
9.2.5.5 Russia Public Financial Management Software Market
9.2.5.5.1 Russia Public Financial Management Software Market by Product Type
9.2.5.5.2 Russia Public Financial Management Software Market by End User
9.2.5.6 Rest of Europe Public Financial Management Software Market
9.2.5.6.1 Rest of Europe Public Financial Management Software Market by Product Type
9.2.5.6.2 Rest of Europe Public Financial Management Software Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Public Financial Management Software Market Overview
9.3.2 Asia-Pacific Public Financial Management Software Market Forecasts and Analysis
9.3.3 Asia-Pacific Public Financial Management Software Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Public Financial Management Software Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Public Financial Management Software Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Public Financial Management Software Market
9.3.5.1.1 Australia Public Financial Management Software Market by Product Type
9.3.5.1.2 Australia Public Financial Management Software Market by End User
9.3.5.2 China Public Financial Management Software Market
9.3.5.2.1 China Public Financial Management Software Market by Product Type
9.3.5.2.2 China Public Financial Management Software Market by End User
9.3.5.3 India Public Financial Management Software Market
9.3.5.3.1 India Public Financial Management Software Market by Product Type
9.3.5.3.2 India Public Financial Management Software Market by End User
9.3.5.4 Japan Public Financial Management Software Market
9.3.5.4.1 Japan Public Financial Management Software Market by Product Type
9.3.5.4.2 Japan Public Financial Management Software Market by End User
9.3.5.5 South Korea Public Financial Management Software Market
9.3.5.5.1 South Korea Public Financial Management Software Market by Product Type
9.3.5.5.2 South Korea Public Financial Management Software Market by End User
9.3.5.6 Rest of Asia-Pacific Public Financial Management Software Market
9.3.5.6.1 Rest of Asia-Pacific Public Financial Management Software Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Public Financial Management Software Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Public Financial Management Software Market Overview
9.4.2 Middle East and Africa Public Financial Management Software Market Forecasts and Analysis
9.4.3 Middle East and Africa Public Financial Management Software Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Public Financial Management Software Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Public Financial Management Software Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Public Financial Management Software Market
9.4.5.1.1 South Africa Public Financial Management Software Market by Product Type
9.4.5.1.2 South Africa Public Financial Management Software Market by End User
9.4.5.2 Saudi Arabia Public Financial Management Software Market
9.4.5.2.1 Saudi Arabia Public Financial Management Software Market by Product Type
9.4.5.2.2 Saudi Arabia Public Financial Management Software Market by End User
9.4.5.3 U.A.E Public Financial Management Software Market
9.4.5.3.1 U.A.E Public Financial Management Software Market by Product Type
9.4.5.3.2 U.A.E Public Financial Management Software Market by End User
9.4.5.4 Rest of Middle East and Africa Public Financial Management Software Market
9.4.5.4.1 Rest of Middle East and Africa Public Financial Management Software Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Public Financial Management Software Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Public Financial Management Software Market Overview
9.5.2 South and Central America Public Financial Management Software Market Forecasts and Analysis
9.5.3 South and Central America Public Financial Management Software Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Public Financial Management Software Market Forecasts and Analysis - By End User
9.5.5 South and Central America Public Financial Management Software Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Public Financial Management Software Market
9.5.5.1.1 Brazil Public Financial Management Software Market by Product Type
9.5.5.1.2 Brazil Public Financial Management Software Market by End User
9.5.5.2 Argentina Public Financial Management Software Market
9.5.5.2.1 Argentina Public Financial Management Software Market by Product Type
9.5.5.2.2 Argentina Public Financial Management Software Market by End User
9.5.5.3 Rest of South and Central America Public Financial Management Software Market
9.5.5.3.1 Rest of South and Central America Public Financial Management Software Market by Product Type
9.5.5.3.2 Rest of South and Central America Public Financial Management Software Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PUBLIC FINANCIAL MANAGEMENT SOFTWARE MARKET, KEY COMPANY PROFILES
11.1. SYNERGY INTERNATIONAL SYSTEMS, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. TYLER TECHNOLOGIES
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. INCODE TECHNOLOGIES INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SALESFORCE.COM, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NEXDIMENSION TECHNOLOGY SOLUTIONS, LLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ORACLE
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ACCOUNTING PLUS FINANCIAL SERVICES INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PULSE SOFTWARE.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MAGIQ SOFTWARE
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. QUESTICA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Synergy International Systems, Inc.
2.Tyler Technologies
3.Incode Technologies Inc.
4.Salesforce.com, Inc.
5.nexDimension Technology Solutions, LLC
6.Oracle
7.ACCOUNTING PLUS FINANCIAL SERVICES INC.
8.Pulse Software.
9.MAGIQ Software
10.Questica
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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