Tax Software Market to 2027 - Global Analysis and Forecasts by Product (Software, Service); Tax Type (Sales Tax, Income Tax, Corporate Tax, Others); Deployment Type (Cloud, On-premise); End-User (Individual, Commercial Enterprises); Vertical (BFSI, IT& Telecom, Healthcare, Government, Retail, Others)
The tax software market was valued at US$ 10.9 Bn in 2019 and is expected to grow at a CAGR of 11.2% from 2020to 2027 to reach US$24.8 Bn by 2027.
Due to the advent of digitalization across regions, companies are adopting advanced technologies for reducing manual business process and implementing automated process for increasing productivity and achieving efficient business outcomes. Owing to the internet and various platforms, such as desktop and smartphone, there is no need for individuals to visit a Tax Office; they can file a tax return and make a tax payment remotely. End users such as commercial enterprises and individuals are adopting tax software as it automates tax processes and reduces the manual efforts of computing tax. In 2019, North America led the global tax software market with more than 30% revenue share, followed by Europe and APAC. North America is characterized by the presence of well-developed countries such as the US and Canada, a strong industry base, and high technology adoption. The growing adoption of technologies in the tax industry is increasing the adoption of tax software. The government in the region is investing in the provision of tax management systems in several private and public organizations. Cloud technology provides numerous benefits for the organization; hence, several companies in the region are adopting cloud-based cloud technology. The tax software market is anticipated to register significant growth during the forecast period, attributed to an increase in the demand for tax process automation and the availability of cloud-based tax software at a low price.
Impact of COVID-19 on Tax Software Market
COVID-19 pandemic is affecting various industries in the North America region, including the software industry and directly impacting IT and tech spending. According to the Center for Strategic and International Studies, owing to COVID-19 impact, the US would experience contraction in GDP in the second quarter. Further, as per the United Nations Conference on Trade and Development (UNCTAS), foreign direct investment (FDI) flows could fall between 5% and 15% to their lowest levels since the 2008–2009 financial crisis. In March 2020, President Donald Trump of the US signed a law in order to offer relief for the taxpayers in the US, which is hugely impacted by COVID-19. The COVID-19 law, namely, the Families First Coronavirus Response Act or H.R. 6201, comprises relief for self-employed, businesses, and individuals. As coronavirus is negatively impacting various industries, it is also affecting the tax industry in the North America region. The coronavirus outbreak will have a limited short-term impact on the market. The short-term effect of coronavirus would not affect the recovery of overall sales in the tax industry in 2020; this is mainly because of the continued promotion of tax information by various companies in the region.
Lucrative Regional Tax Software Market
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Market Insights
Growing digitalization is propelling the growth of the tax software market
The digital revolution across the world presents huge opportunity aspects for businesses to utilize digital services and automation to modify their Product Types and traditional processes in order to improve operational efficiency and increase revenue. Digital transformation or automation in the businesses is the integration of digital technology in various business processes, organizational activities, and Product Types. Enhanced operational efficiency, end-to-end business process optimization, and reduction of cost and human errors are among the major factors driving the growth of digital transformation in tax systems.
The tax software quickly ascertains a client’s overall financial situation and suggests insurance or investment products, or other services, such as auditing, bookkeeping or even comprehensive financial plans, that may be needed. The additional revenue that can be generated from this approach can be substantial in many cases. Also, the tax preparation process has become faster and more efficient as vast information is now available in digital format, which would, in turn, help accountants preparing tax to import their client data from personal finance software directly onto their tax returns with a single click as a substitute of entering all of those numbers manually. Quicken personal finance management tool and the Mint.com-a free, web-based personal financial management service—are a few tax software available in the market. Also, electronic signatures have been entered with the client’s permission, which often eliminates the need for clients to be physically present in the accountant’s office. Furthermore, mobile apps are now available for taxpayers to e-file their tax effortlessly. Thus, digitization in the tax paying system is expected to propel the growth of tax software in various industries.
Product Type Insights
In product type segment, software captured the largest share in the global tax software market. Tax software helps all the organizations dynamically monitor business activities and delivers alerts while establishing tax duties. This software is highly in demand owing to the evolving tax and accounting laws in various countries across the world.
Rest of Asia-Pacific Tax Software Market, by Product Type– 2019& 2027
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Deployment Type Insights
The tax software market, by deployment type, is segmented into cloud and on-premise. The cloud segment captured dominating share in the global tax software market.
Tax Type Insights
The tax software market, by tax type, is segmented into sales tax, income tax, corporate tax, and others. The sales tax segment captured dominating share in the global tax software market.
End-User Insights
The tax software market, by end-user, is segmented into individual and commercial enterprises. The commercial enterprise segment captured dominating share in the global tax software market.
Vertical Insights
The tax software market, by vertical, is segmented into BFSI, IT& telecom, healthcare, government, retail, and others. The retail segment captured dominating share in the global tax software market.
Strategic Insights
Strategy and Business Planning is commonly adopted by companies to expand their footprint worldwide and meet the growing demand. This strategy is mostly observed in Europe. Few of the recent partnerships are listed below;
2019: EY announced Tax partnership with Thomson Reuters.
2019: Vertex announced Salesforce Commerce Cloud Integration
2019: Vertex announced partnership with Insite Software
Tax Software Market – By Product Type
- Software
- Service
Tax Software Market – By Deployment Type
- Cloud
- On-Premise
Tax Software Market – By Tax Type
- Sales Tax
- Corporate Tax
- Income Tax
- Others
Tax Software Market – By End-User
- Individual
- Commercial Enterprises
Tax Software Market – By Vertical
- BFSI
- IT& Telecom
- Healthcare
- Government
- Retail
- Others
Global Tax Software Market by Region
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- South Korea
- Japan
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
- South America
- Brazil
- Argentina
- Rest of South America
Companies Profiles
- Avalara, Inc.
- The Sage Group Plc
- Thomson Reuters Corporation
- Vertex, Inc.
- Wolters Kluwer (CCH incorporated)
- Xero Limited
- Chetu Inc.
- Drake Software
- H&R Block
- Intuit Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Tax Software Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacfic
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Tax Software Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Digitization Fuelling Overall Growth of Tax Systems
5.1.2 Retail Sector Continue to Stimulate Tax Software Demand
5.2 Market Restraints
5.2.1 Increasing Incidences of Cyberattacks
5.3 Market Opportunities
5.3.1 Use of Blockchain Technology
5.4 Future Trends
5.4.1 Enhancing Business Processes in Various Industries
5.5 Impact Analysis of Drivers and restraints
6. Tax Software Market– Global Market Analysis
6.1 Tax Software Market Overview
6.2 Tax Software Market –Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Tax Software Market Analysis – By Product Type
7.1 Overview
7.2 Tax Software Market Breakdown, by Product Type, 2019 & 2027
7.3 Software
7.3.1 Overview
7.3.2 Software Market Revenue and Forecast to 2027 (US$ Million)
7.4 Service
7.4.1 Overview
7.4.2 Service Market Revenue and Forecast to 2027 (US$ Million)
8. Tax Software Market Analysis – By Deployment Type
8.1 Overview
8.2 Tax Software Market Breakdown, by Deployment Type, 2019 & 2027
8.3 On-Premise
8.3.1 Overview
8.3.2 On-Premise Market Revenue and Forecast to 2027 (US$ Million)
8.4 Cloud
8.4.1 Overview
8.4.2 Cloud Market Revenue and Forecast to 2027 (US$ Million)
9. Tax Software Market Analysis – By Tax Type
9.1 Overview
9.2 Tax Software Market Breakdown, by Tax Type, 2019 & 2027
9.3 Sales Tax
9.3.1 Overview
9.3.2 Sales Tax Market Revenue and Forecast to 2027 (US$ Million)
9.4 Income Tax
9.4.1 Overview
9.4.2 Income Tax Market Revenue and Forecast to 2027 (US$ Million)
9.5 Corporate Tax
9.5.1 Overview
9.5.2 Corporate Tax Market Revenue and Forecast to 2027 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others Market Revenue and Forecast to 2027 (US$ Million)
10. Tax Software Market Analysis – By End-User
10.1 Overview
10.2 Tax Software Market Breakdown, by End-User, 2019 & 2027
10.3 Individual
10.3.1 Overview
10.3.2 Individual Market Revenue and Forecast to 2027 (US$ Million)
10.4 Commercial Enterprises
10.4.1 Overview
10.4.2 Commercial Enterprises Market Revenue and Forecast to 2027 (US$ Million)
11. Tax Software Market Analysis – By Vertical
11.1 Overview
11.2 Tax Software Market Breakdown, by Vertical, 2019 & 2027
11.3 BFSI
11.3.1 Overview
11.3.2 BFSI Market Revenue and Forecast to 2027 (US$ Million)
11.4 IT and Telecom
11.4.1 Overview
11.4.2 IT and Telecom Market Revenue and Forecast to 2027 (US$ Million)
11.5 Healthcare
11.5.1 Overview
11.5.2 Healthcare Market Revenue and Forecast to 2027 (US$ Million)
11.6 Government
11.6.1 Overview
11.6.2 Government Market Revenue and Forecast to 2027 (US$ Mn)
11.7 Retail
11.7.1 Overview
11.7.2 Retail Market Revenue and Forecast to 2027 (US$ Mn)
11.8 Others
11.8.1 Overview
11.8.2 Others Market Revenue and Forecast to 2027 (US$ Mn)
12. Tax Software Market – Geographic Analysis
12.1 Overview
12.2 North America: Tax Software Market
12.2.1 North America: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.2.2 North America: Tax Software Market, by-product Type
12.2.3 North America: Tax Software Market, by Tax Type
12.2.4 North America: Tax Software Market, by Deployment Type
12.2.5 North America: Tax Software Market, by End-User
12.2.6 North America: Tax Software Market, by Vertical
12.2.7 North America: Tax Software Market, by Key Country
12.2.7.1 US: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.2.7.1.1 US: Tax Software Market, by Product Type
12.2.7.1.2 US: Tax Software Market, by Tax Type
12.2.7.1.3 US: Tax Software Market, by Deployment Type
12.2.7.1.4 US: Tax Software Market, by End-User
12.2.7.1.5 US: Tax Software Market, by Vertical
12.2.7.2 Canada: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.2.7.2.1 Canada: Tax Software Market, by Product Type
12.2.7.2.2 Canada: Tax Software Market, by Tax Type
12.2.7.2.3 Canada: Tax Software Market, by Deployment Type
12.2.7.2.4 Canada: Tax Software Market, by End-User
12.2.7.2.5 Canada: Tax Software Market, by Vertical
12.2.7.3 Mexico: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.2.7.3.1 Mexico: Tax Software Market, by Product Type
12.2.7.3.2 Mexico: Tax Software Market, by Tax Type
12.2.7.3.3 Mexico: Tax Software Market, by Deployment Type
12.2.7.3.4 Mexico: Tax Software Market, by End-User
12.2.7.3.5 Mexico: Tax Software Market, by Vertical
12.3 Europe: Tax Software Market
12.3.1 Europe: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.3.2 Europe: Tax Software Market, by Product Type
12.3.3 Europe: Tax Software Market, by Tax Type
12.3.4 Europe: Tax Software Market, by Deployment Type
12.3.5 Europe: Tax Software Market, by End-User
12.3.6 Europe: Tax Software Market, by Vertical
12.3.7 Europe: Tax Software Market, by Key Country
12.3.7.1 Germany: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.3.7.1.1 Germany: Tax Software Market, by Product Type
12.3.7.1.2 Germany: Tax Software Market, by Tax Type
12.3.7.1.3 Germany: Tax Software Market, by Deployment Type
12.3.7.1.4 Germany: Tax Software Market, by End-User
12.3.7.1.5 Germany: Tax Software Market, by Vertical
12.3.7.2 France: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.3.7.2.1 France: Tax Software Market, by Product Type
12.3.7.2.2 France: Tax Software Market, by Tax Type
12.3.7.2.3 France: Tax Software Market, by Deployment Type
12.3.7.2.4 France: Tax Software Market, by End-User
12.3.7.2.5 France: Tax Software Market, by Vertical
12.3.7.3 Italy: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.3.7.3.1 Italy: Tax Software Market, by Product Type
12.3.7.3.2 Italy: Tax Software Market, by Tax Type
12.3.7.3.3 Italy: Tax Software Market, by Deployment Type
12.3.7.3.4 Italy: Tax Software Market, by End-User
12.3.7.3.5 Italy: Tax Software Market, by Vertical
12.3.7.4 UK: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.3.7.4.1 UK: Tax Software Market, by Product Type
12.3.7.4.2 UK: Tax Software Market, by Tax Type
12.3.7.4.3 UK: Tax Software Market, by Deployment Type
12.3.7.4.4 UK: Tax Software Market, by End-User
12.3.7.4.5 UK: Tax Software Market, by Vertical
12.3.7.5 Russia: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.3.7.5.1 Russia: Tax Software Market, by Product Type
12.3.7.5.2 Russia: Tax Software Market, by Tax Type
12.3.7.5.3 Russia: Tax Software Market, by Deployment Type
12.3.7.5.4 Russia: Tax Software Market, by End-User
12.3.7.5.5 Russia: Tax Software Market, by Vertical
12.3.7.6 Rest of Europe: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.3.7.6.1 Rest of Europe: Tax Software Market, by Product Type
12.3.7.6.2 Rest of Europe: Tax Software Market, by Tax Type
12.3.7.6.3 Rest of Europe: Tax Software Market, by Deployment Type
12.3.7.6.4 Rest of Europe: Tax Software Market, by End-User
12.3.7.6.5 Rest of Europe: Tax Software Market, by Vertical
12.4 APAC: Tax Software Market
12.4.1 APAC: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.4.2 APAC: Tax Software Market, by Product Type
12.4.3 APAC: Tax Software Market, by Tax Type
12.4.4 APAC: Tax Software Market, by Deployment Type
12.4.5 APAC: Tax Software Market, by End-User
12.4.6 APAC: Tax Software Market, by Vertical
12.4.7 APAC: Tax Software Market, by Key Country
12.4.7.1 Australia: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.4.7.1.1 Australia: Tax Software Market, by Product Type
12.4.7.1.2 Australia: Tax Software Market, by Tax Type
12.4.7.1.3 Australia: Tax Software Market, by Deployment Type
12.4.7.1.4 Australia: Tax Software Market, by End-User
12.4.7.1.5 Australia: Tax Software Market, by Vertical
12.4.7.2 China: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.4.7.2.1 China: Tax Software Market, by Product Type
12.4.7.2.2 China: Tax Software Market, by Tax Type
12.4.7.2.3 China: Tax Software Market, by Deployment Type
12.4.7.2.4 China: Tax Software Market, by End-User
12.4.7.2.5 China: Tax Software Market, by Vertical
12.4.7.3 India: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.4.7.3.1 India: Tax Software Market, by Product Type
12.4.7.3.2 India: Tax Software Market, by Tax Type
12.4.7.3.3 India: Tax Software Market, by Deployment Type
12.4.7.3.4 India: Tax Software Market, by End-User
12.4.7.3.5 India: Tax Software Market, by Vertical
12.4.7.4 Japan: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.4.7.4.1 Japan: Tax Software Market, by Product Type
12.4.7.4.2 Japan: Tax Software Market, by Tax Type
12.4.7.4.3 Japan: Tax Software Market, by Deployment Type
12.4.7.4.4 Japan: Tax Software Market, by End-User
12.4.7.4.5 Japan: Tax Software Market, by Vertical
12.4.7.5 South Korea: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.4.7.5.1 South Korea: Tax Software Market, by Product Type
12.4.7.5.2 South Korea: Tax Software Market, by Tax Type
12.4.7.5.3 South Korea: Tax Software Market, by Deployment Type
12.4.7.5.4 South Korea: Tax Software Market, by End-User
12.4.7.5.5 South Korea: Tax Software Market, by Vertical
12.4.7.6 Rest of APAC: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.4.7.6.1 Rest of APAC: Tax Software Market, by Product Type
12.4.7.6.2 Rest of APAC: Tax Software Market, by Tax Type
12.4.7.6.3 Rest of APAC: Tax Software Market, by Deployment Type
12.4.7.6.4 Rest of APAC: Tax Software Market, by End-User
12.4.7.6.5 Rest of APAC: Tax Software Market, by Vertical
12.5 MEA: Tax Software Market
12.5.1 MEA: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.5.2 MEA: Tax Software Market, by Product Type
12.5.3 MEA: Tax Software Market, by Tax Type
12.5.4 MEA: Tax Software Market, by Deployment Type
12.5.5 MEA: Tax Software Market, by End-User
12.5.6 MEA: Tax Software Market, by Vertical
12.5.7 MEA: Tax Software Market, by Key Country
12.5.7.1 South Africa: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.5.7.1.1 South Africa: Tax Software Market, by Product Type
12.5.7.1.2 South Africa: Tax Software Market, by Tax Type
12.5.7.1.3 South Africa: Tax Software Market, by Deployment Type
12.5.7.1.4 South Africa: Tax Software Market, by End-User
12.5.7.1.5 South Africa: Tax Software Market, by Vertical
12.5.7.2 Saudi Arabia: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.5.7.2.1 Saudi Arabia: Tax Software Market, by Product Type
12.5.7.2.2 Saudi Arabia: Tax Software Market, by Tax Type
12.5.7.2.3 Saudi Arabia: Tax Software Market, by Deployment Type
12.5.7.2.4 Saudi Arabia: Tax Software Market, by End-User
12.5.7.2.5 Saudi Arabia: Tax Software Market, by Vertical
12.5.7.3 UAE: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.5.7.3.1 UAE: Tax Software Market, by Product Type
12.5.7.3.2 UAE: Tax Software Market, by Tax Type
12.5.7.3.3 UAE: Tax Software Market, by Deployment Type
12.5.7.3.4 UAE: Tax Software Market, by End-User
12.5.7.3.5 UAE: Tax Software Market, by Vertical
12.5.7.4 Rest of MEA: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.5.7.4.1 Rest of MEA: Tax Software Market, by Product Type
12.5.7.4.2 Rest of MEA: Tax Software Market, by Tax Type
12.5.7.4.3 Rest of MEA: Tax Software Market, by Deployment Type
12.5.7.4.4 Rest of MEA: Tax Software Market, by End-User
12.5.7.4.5 Rest of MEA: Tax Software Market, by Vertical
12.6 SAM: Tax Software Market
12.6.1 SAM: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.6.2 SAM: Tax Software Market, by Product Type
12.6.3 SAM: Tax Software Market, by Tax Type
12.6.4 SAM: Tax Software Market, by Deployment Type
12.6.5 SAM: Tax Software Market, by End-User
12.6.6 SAM: Tax Software Market, by Vertical
12.6.7 SAM: Tax Software Market, by Key Country
12.6.7.1 Brazil: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.6.7.1.1 Brazil: Tax Software Market, by Product Type
12.6.7.1.2 Brazil: Tax Software Market, by Tax Type
12.6.7.1.3 Brazil: Tax Software Market, by Deployment Type
12.6.7.1.4 Brazil: Tax Software Market, by End-User
12.6.7.1.5 Brazil: Tax Software Market, by Vertical
12.6.7.2 Argentina: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.6.7.2.1 Argentina: Tax Software Market, by Product Type
12.6.7.2.2 Argentina: Tax Software Market, by Tax Type
12.6.7.2.3 Argentina: Tax Software Market, by Deployment Type
12.6.7.2.4 Argentina: Tax Software Market, by End-User
12.6.7.2.5 Argentina: Tax Software Market, by Vertical
12.6.7.3 Rest of SAM: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.6.7.3.1 Rest of SAM: Tax Software Market, by Product Type
12.6.7.3.2 Rest of SAM: Tax Software Market, by Tax Type
12.6.7.3.3 Rest of SAM: Tax Software Market, by Deployment Type
12.6.7.3.4 Rest of SAM: Tax Software Market, by End-User
12.6.7.3.5 Rest of SAM: Tax Software Market, by Vertical
13. Industry Landscape
13.1 Overview
13.2 Strategy and Business Planning
13.3 Product News
14. Impact of COVID-19 Pandemic on Global Tax Software Market
14.1 North America: Impact assessment of COVID-19 Pandemic
14.2 Europe: Impact assessment of COVID-19 Pandemic
14.3 APAC: Impact assessment of COVID-19 Pandemic
14.4 Middle East & Africa: Impact assessment of COVID-19 Pandemic
14.5 SAM: Impact assessment of COVID-19 Pandemic
15. Company Profiles
15.1 Avalara, Inc.
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 The Sage Group plc
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 Thomson Reuters Corporation
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 Vertex, Inc.
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 Wolters Kluwer (cch incorporated)
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Xero Limited
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 Chetu Inc.
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 SWOT Analysis
15.7.5 Key Developments
15.8 Drake Software
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and Services
15.8.4 SWOT Analysis
15.9 H & R Block
15.9.1 Key Facts
15.9.2 Business Description
15.9.3 Products and Services
15.9.4 Financial Overview
15.9.5 SWOT Analysis
15.10 Intuit Inc.
15.10.1 Key Facts
15.10.2 Business Description
15.10.3 Products and Services
15.10.4 Financial Overview
15.10.5 SWOT Analysis
15.10.6 Key Developments
16. Appendix
16.1 About The Insight Partners
16.2 Appendix
LIST OF TABLES
Table 2. North America: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. North America: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. North America: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 5. North America: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 6. North America: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 7. US: Tax Software Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 8. US: Tax Software Market, by Tax Type –Revenue and Forecast to 2027 (US$ Million)
Table 9. US: Tax Software Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)
Table 10. US: Tax Software Market, by End-User –Revenue and Forecast to 2027 (US$ Million)
Table 11. US: Tax Software Market, by Vertical –Revenue and Forecast to 2027 (US$ Million)
Table 12. Canada: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. Canada: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 14. Canada: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 15. Canada: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 16. Canada: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 17. Mexico: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 18. Mexico: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 19. Mexico: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 20. Mexico: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 21. Mexico: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 22. Europe: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 23. Europe: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 24. Europe: Tax Software Market, by Deployment Type– Revenue and Forecast to 2027 (US$ Million)
Table 25. Europe: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 26. Europe: Tax Software Market, by Vertical– Revenue and Forecast to 2027 (US$ Million)
Table 27. Germany: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 28. Germany: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 29. Germany: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 30. Germany: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 31. Germany: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 32. France: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 33. France: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 34. France: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 35. France: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 36. France: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 37. Italy: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 38. Italy: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 39. Italy: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 40. Italy: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 41. Italy: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 42. UK: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 43. UK: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 44. UK: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 45. UK: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 46. UK: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 47. Russia: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 48. Russia: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 49. Russia: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 50. Russia: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 51. Russia: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 52. Rest of Europe: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 53. Rest of Europe: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 54. Rest of Europe: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 55. Rest of Europe: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 56. Rest of Europe: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 57. APAC: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 58. APAC: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 59. APAC: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 60. APAC: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 61. APAC: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 62. Australia: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 63. Australia: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 64. Australia: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 65. Australia: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 66. Australia: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 67. China: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 68. China: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 69. China: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 70. China: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 71. China: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 72. India: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 73. India: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 74. India: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 75. India: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 76. India: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 77. Japan: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 78. Japan: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 79. Japan: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 80. Japan: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 81. Japan: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 82. South Korea: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 83. South Korea: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 84. South Korea: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 85. South Korea: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 86. South Korea: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 87. Rest of APAC: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 88. Rest of APAC: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 89. Rest of APAC: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 90. Rest of APAC: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 91. Rest of APAC: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 92. MEA: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 93. MEA: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 94. MEA: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 95. MEA: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 96. MEA: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 97. South Africa: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 98. South Africa: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 99. South Africa: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 100. South Africa: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 101. South Africa: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 102. Saudi Arabia: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 103. Saudi Arabia: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 104. Saudi Arabia: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 105. Saudi Arabia: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 106. Saudi Arabia: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 107. UAE: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 108. UAE: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 109. UAE: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 110. UAE: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 111. UAE: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 112. Rest of MEA: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 113. Rest of MEA: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 114. Rest of MEA: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 115. Rest of MEA: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 116. Rest of MEA: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 117. SAM: Tax Software Market, by Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 118. SAM: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 119. SAM: Tax Software Market, by Deployment Type– Revenue and Forecast to 2027 (US$ Million)
Table 120. SAM: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 121. SAM: Tax Software Market, by Vertical– Revenue and Forecast to 2027 (US$ Million)
Table 122. Brazil: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 123. Brazil: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 124. Brazil: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 125. Brazil: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 126. Brazil: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 127. Argentina: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 128. Argentina: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 129. Argentina: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 130. Argentina: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 131. Argentina: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 132. Rest of SAM: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 133. Rest of SAM: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 134. Rest of SAM: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 135. Rest of SAM: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 136. Rest of SAM: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 137. List of Abbreviation
LIST OF FIGURES
Figure 1. Tax Software Market Segmentation
Figure 2. Tax Software Market Segmentation – By Geography
Figure 3. Global Tax Software Market Overview
Figure 4. Software Product Type to Show Remarkable Traction During Forecast Period
Figure 5. Commercial End User to Show Remarkable Traction During Forecast Period
Figure 6. Retail Vertical to Dominate the Tax Software Market
Figure 7. Cloud to Dominate the Tax Software Market
Figure 8. Global Tax Software Market, Industry Landscape
Figure 9. Global Tax Software Market, Geography Analysis
Figure 10. North America: PEST Analysis
Figure 11. Europe: PEST Analysis
Figure 12. APAC: PEST Analysis
Figure 13. MEA: PEST Analysis
Figure 14. SAM: PEST Analysis
Figure 15. Ecosystem Analysis
Figure 16. Expert Opinion
Figure 17. Tax software Market Impact Analysis of Drivers and Restraints
Figure 18. Geographic Overview of Tax Software Market
Figure 20. Tax Software Market Breakdown, by Product Type (2019 and 2027)
Figure 21. Software Market Revenue and Forecast to 2027(US$ Million)
Figure 22. Service Market Revenue and Forecast to 2027(US$ Million)
Figure 23. Tax Software Market Breakdown, by Deployment Type (2019 and 2027)
Figure 24. On-Premise Market Revenue and Forecast to 2027(US$ Million)
Figure 25. Cloud Market Revenue and Forecast to 2027(US$ Million)
Figure 26. Tax Software Market Breakdown, by Tax Type (2019 and 2027)
Figure 27. Sales Tax Market Revenue and Forecast to 2027(US$ Million)
Figure 28. Income Tax Market Revenue and Forecast to 2027(US$ Million)
Figure 29. Corporate Tax Market Revenue and Forecast to 2027(US$ Million)
Figure 30. Others Market Revenue and Forecast to 2027(US$ Million)
Figure 31. Tax Software Market Breakdown, by End-User (2019 and 2027)
Figure 32. Individual Market Revenue and Forecast to 2027(US$ Million)
Figure 33. Commercial Enterprises Market Revenue and Forecast to 2027(US$ Million)
Figure 34. Tax Software Market Breakdown, by Vertical (2019 and 2027)
Figure 35. BFSI Market Revenue and Forecast to 2027(US$ Million)
Figure 36. IT and Telecom Market Revenue and Forecast to 2027(US$ Million)
Figure 37. Healthcare Market Revenue and Forecast to 2027(US$ Million)
Figure 38. Government Market Revenue and Forecast to 2027(US$ Mn)
Figure 39. Retail Market Revenue and Forecast to 2027(US$ Mn)
Figure 40. Others Market Revenue and Forecast to 2027(US$ Mn)
Figure 41. Tax Software Market Revenue Share, by Region (2019 and 2027)
Figure 42. North America: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 43. North America: Tax Software Market Revenue Share, by Product Type (2019 and 2027)
Figure 44. North America: Tax Software Market Revenue Share, by Tax Type (2019 and 2027)
Figure 45. North America: Tax Software Market Revenue Share, by Deployment Type (2019 and 2027)
Figure 46. North America: Tax Software Market Revenue Share, by End-User (2019 and 2027)
Figure 47. North America: Tax Software Market Revenue Share, by Vertical (2019 and 2027)
Figure 48. North America: Tax Software Market Revenue Share, by Key Country (2019 and 2027)
Figure 49. US: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 50. Canada: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 51. Mexico: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 52. Europe: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 53. Europe: Tax Software Market Revenue Share, by Product Type (2019 and 2027)
Figure 54. Europe: Tax Software Market Revenue Share, by Tax Type (2019 and 2027)
Figure 55. Europe: Tax Software Market Revenue Share, by Deployment Type (2019 and 2027)
Figure 56. Europe: Tax Software Market Revenue Share, by End-User (2019 and 2027)
Figure 57. Europe: Tax Software Market Revenue Share, by Vertical (2019 and 2027)
Figure 58. Europe: Tax Software Market Revenue Share, by Key Country (2019 and 2027)
Figure 59. Germany: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 60. France: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 61. Italy: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 62. UK: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 63. Russia: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 64. Rest of Europe: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 65. APAC: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 66. APAC: Tax Software Market Revenue Share, by Product Type (2019 and 2027)
Figure 67. APAC: Tax Software Market Revenue Share, by Tax Type (2019 and 2027)
Figure 68. APAC: Tax Software Market Revenue Share, by Deployment Type (2019 and 2027)
Figure 69. APAC: Tax Software Market Revenue Share, by End-User (2019 and 2027)
Figure 70. APAC: Tax Software Market Revenue Share, by Vertical (2019 and 2027)
Figure 71. APAC: Tax Software Market Revenue Share, by Key Country (2019 and 2027)
Figure 72. Australia: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 73. China: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 74. India: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 75. Japan: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 76. South Korea: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 77. Rest of APAC: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 78. MEA: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 79. MEA: Tax Software Market Revenue Share, by Product Type (2019 and 2027)
Figure 80. MEA: Tax Software Market Revenue Share, by Tax Type (2019 and 2027)
Figure 81. MEA: Tax Software Market Revenue Share, by Deployment Type (2019 and 2027)
Figure 82. MEA: Tax Software Market Revenue Share, by End-User (2019 and 2027)
Figure 83. MEA: Tax Software Market Revenue Share, by Vertical (2019 and 2027)
Figure 84. MEA: Tax Software Market Revenue Share, by Key Country (2019 and 2027)
Figure 85. South Africa: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 86. Saudi Arabia: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 87. UAE: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 88. Rest of MEA: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 89. SAM: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 90. SAM: Tax Software Market Revenue Share, by Product Type (2019 and 2027)
Figure 91. SAM: Tax Software Market Revenue Share, by Tax Type (2019 and 2027)
Figure 92. SAM: Tax Software Market Revenue Share, by Deployment Type (2019 and 2027)
Figure 93. SAM: Tax Software Market Revenue Share, by End-User (2019 and 2027)
Figure 94. SAM: Tax Software Market Revenue Share, by Vertical (2019 and 2027)
Figure 95. SAM: Tax Software Market Revenue Share, by Key Country (2019 and 2027)
Figure 96. Brazil: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 97. Argentina: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 98. Rest of SAM: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 99. IMPACT OF COVID-19 PANDEMIC IN NORTH AMERICAN COUNTRY MARKETS
Figure 100. Impact of COVID-19 Pandemic in European Country Markets
Figure 101. IMPACT OF COVID-19 PANDEMIC IN APAC COUNTRY MARKETS
Figure 102. Impact of COVID-19 Pandemic in Middle East & African Country Markets
Figure 103. IMPACT OF COVID-19 PANDEMIC IN SAM COUNTRY MARKETS
The List of Companies - Tax Software Market
- Avalara, Inc.
- The Sage Group plc
- Thomson Reuters Corporation
- Vertex, Inc.
- Wolters Kluwer (cch incorporated)
- Xero Limited
- Chetu Inc.
- Drake Software
- H&R Block
- Intuit Inc.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global tax software market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Frequently Asked Questions
The North America region led the tax software market in 2019. The region attracts several technological developments, and the companies operating in this region are continuously enhancing the overall business processes to meet the customer demand for high-quality products and services in the best possible way. With an increase in the implementation of automation in various industries to simplify business operations, the demand for tax software solutions is growing exponentially in North America. This has also raised the adoption of cloud-based tax software as the cloud infrastructure provides massive data storage space and enables companies to access their information from anywhere.
The digital revolution across the world presents huge opportunity aspects for businesses to utilize digital services and automation to modify their business models and traditional processes in order to improve operational efficiency and increase revenue. Digital transformation or automation in the businesses is the integration of digital technology in various business processes, organizational activities, and business models. Enhanced operational efficiency, end-to-end business process optimization, and reduction of cost and human errors are among the major factors driving the growth of digital transformation in tax systems.
The sales tax is the leading tax type in the market. Sales tax software streamline, automate, and integrate the sales tax calculation, management, and reporting. The software meant for this tax type feature abilities such as value-added tax, consumer use tax management, and tax return filing; they find and calculate sales tax rates precisely with the advanced validation technology. The software help removing the complications and assist in enhancing them. Due to the advanced features of the software, the demand is increasing for sales tax type worldwide. The software is cost-effective as there is no need to hire tax-experts; hence, it saves business costs. These factors are anticipated to boost the market during the forecast period