Iris to Acquire Dext, Expanding Its Cloud Accountancy Portfolio

According to data from Mordor Intelligence, the accounting software market is expected to reach $20 billion by 2024, with projections indicating a growth rate of 9.2% annually until 2029, when the market is expected to be valued at $30.6 billion. The research highlights that small and medium-sized businesses are increasingly attracted to cloud-based accountancy solutions for their ability to simplify and automate complex financial reporting.