target audience: TECH SUPPLIER Publication date: Jun 2023 - Document type: Market Share - Doc Document number: # AP49171023
Asia/Pacific (Excluding Japan) Financial Applications Market Share, 2022: Xero Takes the Lead
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Abstract
This IDC study examines the financial applications software market for 2021–2022. The revenue and market share of the leading vendors are provided for the year 2022.
"As businesses increasingly seek tailored financial solutions that fit their unique needs and requirements, financial solution providers must focus on continuous innovation by embedding emerging technologies, such as low-code, no-code, and generative AI technologies, into their platforms. By doing so, they can offer specialized and cutting-edge financial solutions catered to the needs of SMBs and midmarket businesses, enabling them to thrive and succeed in a rapidly changing business environment," says Supriya Deka, senior market analyst, IDC Asia/Pacific SMB and Midmarket Program.