Global Cost Accounting System Market is Projected to Grow at a CAGR of 7.2% from 2014 to 2019

FORT WORTH, Texas, December 19, 2014 /PRNewswire/ --

The global cost accounting system market report defines and segments the concerned market with analysis and forecast of revenue. The global cost accounting system market was valued at $ 962.0 million in 2013 and is projected to grow at a CAGR of 7.2% from 2014 to 2019. The increasing investments by software companies in the healthcare sector are fuelling the growth of the Cost Accounting System market globally

Browse through the TOC of global cost accounting system market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

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The main factors fuelling the growth of the global cost accounting systems market for healthcare are the various limitations of the traditional cost accounting systems. The major companies operating in the healthcare sector have, in recent years, shown increasing willingness to invest in cost accounting systems that could accurately display cost information. In the global cost accounting systems market, the North American segment holds the largest share, having accounted for nearly a 59% share in 2013, with the major reason being the large number of companies headquartered in the U.S. and investing heavily for the development of the system.

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This market is segmented and forecast on the basis of types, deployments, components, end-users, and geographies. Cost accounting systems are of two types. The integrated cost accounting system covers a major share of the market. The end-users of the market are office-based physicians, hospitals, ambulatory care solutions, and medical & diagnostics labs, among others. The hospitals segment covers the largest share of the end-user segment, and is also expected to grow at a comparatively higher CAGR than other segments, during the forecast period, 2014 to 2019. On the basis of components, the market has been segmented into hardware, software, and services, in which the services segment covers a major share of the global market. Furthermore, the market has been segmented and forecast on the basis of major geographies, such as North America, Europe, Asia, and Rest of the World (RoW).

Key insights such as market share, supply chain, and value chain analyses are provided in the report. The market dynamics such as drivers, restraints, and upcoming opportunities in the market are also comprehensively explained in this market report. The report also provides a detailed description of the competitive landscape and also the company profiles of the key players of the global cost accounting systems market, such as Cerner Corporation, McKesson Corporation, and GE Healthcare, among others.

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The North American Cost Accounting System Market covers the country-wise markets of this region. The CAGR of this market is projected to be 7.3% between 2013 and 2018, which shows that there are ample opportunities for companies that are present as well as ones that are venturing into this market.

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