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Fund Accounting Software Market Share

Report ID: GMI11018
Published Date: Aug 2024
Report Format: PDF

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Fund Accounting Software Market Share

NetSuite and Sage Group dominate the market with around 35% of the market share in 2023. NetSuite and Sage Group are prominent players in the fund accounting software industry, mainly due to their extensive feature sets, robust market presence, and compatibility with the demands of their intended markets. NetSuite offers powerful tools for investment management, multi-currency accounting, and comprehensive fund reporting. It caters to both private equity and hedge funds, providing comprehensive solutions for investor reporting, performance evaluation, and fund administration.

Sage Group has been developed with plenty of features for government and nonprofit institutions. In addition to robust reporting and compliance features, it provides tools for handling government money, endowments, grants, and donations. Its focus on non-profit financial management aligns well with the specific needs of charitable and public sector organizations.

Fund Accounting Software Market Companies

Major players operating in the fund accounting software industry are:

Abila MIP Fund Accounting
AccuFund
Adaptive Insights (by Workday)
Aplos
Blackbaud Financial Edge NXT
Cougar Mountain Denali Fund
Epicor
FIMS by Blackbaud
FinancialForce
Fund EZ
NetSuite
Sage Group

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of fund accounting software reached USD 3.5 billion in 2023 and is set to register over 6% CAGR between 2024 and 2032, led by increased regulatory requirements.

The cloud-based fund accounting software industry accounted for over 30% share in 2023, as fund accounting software provides substantial financial savings over conventional on-premises systems.

North America market held 33% share in 2023, driven by a robust regulatory framework for financial reporting and management.

Abila MIP Fund Accounting, AccuFund, Adaptive Insights (by Workday), Aplos, Cougar Mountain Denali Fund, and Epicor among others.