top of page
Search

IDC Reveals 2022 Financial Applications Market Share for SMBs and Midmarket Segments in Asia/Pacific

Asia/Pacific* financial applications market small and medium-sized businesses (SMBs) and midmarket segments grew by 10% in 2022.


The demand for mobile wallets, online banking services, and the increasing adoption of digital technologies has led to the expansion of the financial applications market in Asia/Pacific [1]. The rise in digital transformation (DX) initiatives and the adoption of mobile technologies have also contributed to the demand for cloud-based financial applications in Asia/Pacific. Companies are increasingly seeking secure and compliant solutions to manage their financial data. As a result, the market for cloud-based financial applications in the region will witness significant growth in the coming years.


According to IDC's 2023 Future SMB and Midmarket Survey, 50% of surveyed respondents (driven by SMBs) in Asia/Pacific* state that they will automate their financial and accounting processes through cloud applications in the next 18 months.


"As businesses increasingly seek tailored financial solutions for 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. Specialized and cutting-edge financial solutions for SMBs and midmarket businesses will enable them to thrive and succeed in a rapidly changing business environment," says Supriya Deka, Senior Market Analyst, IDC Asia/Pacific SMB and Midmarket Program.


The IDC report,  Asia/Pacific (Excluding Japan) Financial Applications Market Share, 2022: Xero Takes the Lead, presents the top 10 vendors in the financial applications market in Asia APEJ for SMBs and midmarket segments, significant in region market developments, key performing countries, and the factors contributing to the success of the financial applications leaders.



[1] Asia/Pacific excluding Japan

Comments

connexion_panel_edited.jpg
CXO_8-in-1.png
subscribe_button.png

​

Disclaimer: The "Industry Events" section in Inno-Thought website serves as a platform for event organizers and vendors to list their events for free. Ho Hon Asia reserves the right, at its discretion, to not proceed with publication/posting at any time or to remove the content following publication.

 

By providing your email address and submitting this form, you agree to receive updates about the event listed, including schedule changes, reminders, and important information.

 

The event information contained in the listing above is for reference only. While we have made every attempt to ensure that the info has been obtained from reliable sources, we are not responsible for any errors or omissions, or for the results obtained from the use of this info. In no event will Ho Hon Asia Limited, its related partnerships or corporations, or the partners, agents or employees thereof be liable to you or anyone else for any decision made or action taken in reliance on the information in this site or for any consequential, special or similar damages, even if advised of the possibility of such damages.

 

Information subject to change; check official sources. The Organisers reserve the right to modify the Event program, schedule, speakers, and activities without prior notice.

 

Also, the event organizers reserve the right to accept or reject any registration application at its sole discretion, without providing reasons or explanation. Submission of a registration does not guarantee participation in the event.

​​

2026 @ Inno-Thought and its affiliates. All rights reserved.

bottom of page