Tax Management Market

Tax Management Market by Component (Software and Services), Tax Type (Indirect Tax and Direct Tax), Deployment Mode (Cloud and On-premises), Organization Size, Vertical and Region - Global Forecast to 2026

Report Code: TC 7531 Jan, 2022, by marketsandmarkets.com

[211 Pages Report] MarketsandMarkets estimates the global tax management market is expected to grow from USD 18.9 billion in 2021 to USD 32.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.5% during the forecast period. Factors driving the growth of the tax management market include the increasing volume of financial transactions across verticals due to digitalization, complex nature of existing tax system and increased vigilance of tax administrators. Factors such as the use of blockchain technology is also expected to create ample opportunities for tax management vendors.

Tax Management Market

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Tax Management Market Dynamics

Drivers: Increasing volume of financial transactions across verticals due to digitalization

Digitalization is impacting every vertical, and each business process is changing rapidly. Owing to digitalization, financial transactions are shifting from cash to cashless. The major reason for enhancing digitalization include the increase in the number of smartphones and internet users. Several governments across the globe are promoting digitalization. For instance, the Government of India has started an initiative called ‘Digital India’ where government is promoting digital transactions. Hence, digitalization is expected to drive the tax management market during the forecast period.

Restraints: Increasing theft of confidential data

The process of filing tax includes different forms, which contain important information about the organization, such as social security number, employer identification number, and other key personal information. Hackers can steal such data from the tax filing platforms, freeze time sensitive files, and would not allow the organization to submit the files on time. In some cases, hackers submit false tax return files before the organization and claim the tax return. If the filing has already been submitted, then the tax system does not allow the organization to resubmit the filing due to the duplication of social security number. Hence, the increasing theft of confidential data is expected to act as a restraint to the market during the forecast period.

Challenges: Frequent amendments in tax laws

Amendment in law refers to addition, alteration, or omission of a part of the law. The amendment of tax laws is expected to act as a challenge for solution providers as they need to take assistance from tax experts and provide software updates to their existing users/subscribers, resulting in the increase in the cost of the solution and reduction in the revenue of the company. In such instances, the solution providers needed to make certain changes in their available offerings. Hence, solutions providers face several challenges after every amendment done by the governments across the globe.

Opportunities: Use of Blockchain technology

Blockchain, a record-keeping technology, is used in several market verticals, including aviation, automotive, agriculture, manufacturing, and banking. It is used to store information about health, property, bank transactions, and supply chain. The major advantages of blockchain include improved accuracy, decentralization, security, and transparency. The application of blockchain for tax compliance will add a shared blockchain technology between taxpayer and tax admin. This will help shift from the current periodic method to real-time information exchange about taxation.

By Component, the software segment to hold a larger market size during the forecast period

The tax management market by component covers software and services. Tax management software are witnessing an increasing demand due to the continuously evolving tax and accounting laws in various countries. Enterprises need to keep up with the latest and current tax filings and compliance procedures across the globe. Tax management software help large organizations actively monitor business activities and provide alerts, while establishing tax obligations in new places, based on their individual nexus laws.

By Tax type, the indirect tax to hold a larger market size during the forecast period

Indirect taxes are paid more frequently than direct taxes; hence, they require advanced software for faster and accurate calculations. Tax management software for indirect taxation provide a standard, single platform to manage taxes and determine compliance responsibilities. Vendors have started providing calculation-to-compliance indirect tax solutions that deliver indirect tax rates, logic, policy, and rules from a global perspective. Vendors are providing web-based, Value Added Tax (VAT), Goods and Services Tax (GST), and sales and use tax compliance solutions, which covers multiple countries, including Brazil, India, and the Gulf Co-operation Council (GCC).

By Deployment mode, the cloud deployment mode to hold a larger market size during the forecast period

Cloud-based tax management solutions help reduce the overall costs while providing high flexible and scalable access to solutions through the Information Technology (IT) infrastructure hosted by the Cloud Service Provider (CSP). Hence, enterprises prefer deploying tax management solutions in the cloud to improve mobility and decentralize data storage and computing.

By Vertical, the Banking, Financial Services, and Insurance (BFSI) vertical to hold the largest market size during the forecast period

BFSI includes domestic and foreign banks, insurance and reinsurance companies, asset management companies, and non-banking finance companies. The Banking, Financial Services, and Insurance (BFSI) vertical is characterized by digitalization and an increasing number of customers using various banking applications. This has resulted in the exponential growth of data in the banking and financial services vertical. Government regulations in this sector are complex and sensitive. Increasing number of financial transactions is one of the major factors driving the adoption of tax management software in the BFSI vertical.

By Region, APAC to record the highest growth during the forecast period

The global tax management market by region covers five major geographic regions: North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. APAC is expected to have the fastest growth rate in the tax management market during the forecast period due to its growing technology adoption. The rapid economic developments, globalization, digitalization, and the increased adoption of cloud-based technologies are expected to drive the growth of the tax management market in APAC. Companies in APAC would benefit from the flexible economic conditions, industrialization, and globalization-motivated policies of the government, and the expanding digitalization in the region.

Tax Management Market  by Region

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Key Market Players

The major players in the tax management market are Avalara (US), Automatic Data Processing (US), Wolters Kluwer N.V (Netherlands), Thomson Reuters (Canada), Intuit (US), H&R Block (US), SAP SE (Germany), Blucora (US), Sovos Compliance (US), Vertex (US), Sailotech (US), Defmacro Software (India), DAVO Technologies (US), Xero (New Zealand), TaxSlayer (US), Taxback International (Ireland), TaxCloud (US), Drake Enterprises (US), Canopy Tax (US), TaxJar (US), Webgility (US), LOVAT Software (UK), SafeSend (US), EXEMPTAX (US), and Sales Tax DataLINK (US). These players have adopted various strategies to grow in the global tax management market.

The study includes an in-depth competitive analysis of key players in the tax management market with their company profiles, recent developments, COVID-19 developments, and key market strategies.

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Scope of the Report

Report Metric

Details

Market size available for years

2017–2026

Base year considered

2021

Forecast period

2021–2026

Forecast units

Value (USD Million)

Segments covered

Component, Tax Type, Deployment Mode, Organization Size, Vertical, and Region

Geographies covered

North America, APAC, Europe, Latin America, and MEA

Companies covered

Avalara (US), Automatic Data Processing (US), Wolters Kluwer N.V (Netherlands), Thomson Reuters (Canada), Intuit (US), H&R Block (US), SAP SE (Germany), Blucora (US), Sovos Compliance (US), Vertex (US), Sailotech (US), Defmacro Software (India), DAVO Technologies (US), Xero (New Zealand), TaxSlayer (US), Taxback International (Ireland), TaxCloud (US), Drake Enterprises (US), Canopy Tax (US), TaxJar (US), Webgility (US), LOVAT Software (UK), SafeSend (US), EXEMPTAX (US), and Sales Tax DataLINK (US).

This research report categorizes the tax management market based on component, tax type, deployment mode, organization size, vertical, and region.

Based on components, the tax management market has been segmented as follows:

  • Software
  • Services

Based on tax type, the market has been segmented as follows:

  • Indirect Tax
  • Direct Tax

Based on deployment mode, the tax management market has been segmented as follows:

  • Cloud
  • On-premises

Based on organization size, the market has been segmented as follows:

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

Based on vertical, the tax management market has been segmented as follows:

  • Banking, Financial Services and Insurance (BFSI)
  • Information Technology (IT) and Telecom
  • Manufacturing
  • Energy and Utilities
  • Retail
  • Healthcare and Life Sciences
  • Media and Entertainment
  • Others (real estate and construction, and transportation and logistics)

Based on region, the tax management market has been segmented as follows:

  • North America
    • United States (US)
    • Canada
  • Europe
    • United Kingdom (UK)
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
    • Japan
    • Rest of APAC
  • MEA
    • South Africa
    • Saudi Arabia
    • Rest of MEA
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments

  • In September 2021, ADP launched ‘Run by ADP’ boosting small businesses growth. This payroll platform offers user-friendliness with interactive search opportunities, a streamlined user interface plus a personalized dashboard, thereby saving time and effort of small businesses altogether. The company also launched ‘Roll by ADP’ mobile application, which replaces static spreadsheets into a conversational chat support.
  • In November 2021, Avalara addressed cross-border compliance for Shopify merchants. The company declared company’s cross-border compliance capabilities powering the new duty and import tax features of Shopify’s global commerce hub.
  • In December 2019, Wolters Kluwer introduced CCH Axcess Knowledge Coach, an audit module under its cloud-based tax preparation, compliance, and workflow management platform, CCH Axcess. This new solution provides auditors the flexibility of anywhere, anytime access, and improves the overall quality of auditing.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 24)
    1.1 INTRODUCTION TO COVID–19
    1.2 COVID–19 HEALTH ASSESSMENT
           FIGURE 1 COVID–19: GLOBAL PROPAGATION
           FIGURE 2 COVID–19 PROPAGATION: SELECT COUNTRIES
    1.3 COVID–19 ECONOMIC ASSESSMENT
           FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           1.3.1 COVID–19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
                    FIGURE 4 CRITERIA IMPACTING GLOBAL ECONOMY
                    FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
    1.4 OBJECTIVES OF THE STUDY
    1.5 MARKET DEFINITION
           1.5.1 INCLUSIONS AND EXCLUSIONS
    1.6 MARKET SCOPE
           1.6.1 MARKET SEGMENTATION
           1.6.2 REGIONS COVERED
           1.6.3 YEARS CONSIDERED FOR THE STUDY
    1.7 CURRENCY CONSIDERED
           TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2018–2020
    1.8 STAKEHOLDERS
    1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA
           FIGURE 6 GLOBAL TAX MANAGEMENT MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakup of primary profiles
                               FIGURE 7 BREAK-UP OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
                    2.1.2.2 Key industry insights
    2.2 DATA TRIANGULATION
    2.3 TAX MANAGEMENT MARKET SIZE ESTIMATION
           FIGURE 8 MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
           FIGURE 9 METHOD 1: BASED ON COMPANIES’ REVENUE FROM TAX MANAGEMENT SOFTWARE AND SERVICES (TOP-DOWN)
           FIGURE 10 METHOD 2: VERTICAL LEVEL (BOTTOM-UP)
    2.4 MARKET FORECAST
           TABLE 2 FACTOR ANALYSIS
    2.5 COMPETITIVE LEADERSHIP MAPPING RESEARCH METHODOLOGY
           TABLE 3 EVALUATION CRITERIA
           2.5.1 VENDOR INCLUSION CRITERIA
    2.6 ASSUMPTIONS FOR THE STUDY
    2.7 STUDY LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 42)
    FIGURE 11 TAX MANAGEMENT MARKET: GLOBAL SNAPSHOT
    FIGURE 12 HIGHEST-GROWING SEGMENTS OF THE MARKET
    FIGURE 13 SOFTWARE SEGMENT TO ACCOUNT FOR A LARGER MARKET SIZE DURING THE FORECAST PERIOD
    FIGURE 14 INDIRECT TAX SEGMENT TO HOLD A LARGER MARKET SIZE DURING THE FORECAST PERIOD
    FIGURE 15 CLOUD SEGMENT TO HOLD A LARGER MARKET SIZE DURING THE FORECAST PERIOD
    FIGURE 16 BANKING, FINANCIAL SERVICES AND INSURANCE SEGMENT TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
    FIGURE 17 MARKET: REGIONAL SNAPSHOT

4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE TAX MANAGEMENT MARKET
           FIGURE 18 RISING DEMAND FOR ADVANCED TAX COMPLIANCE SYSTEMS FOR TACKLING TAX COMPLEXITIES TO DRIVE THE MARKET
    4.2 MARKET, BY COMPONENT, 2021 VS 2026
           FIGURE 19 SOFTWARE SEGMENT TO HOLD A LARGER MARKET SHARE IN 2021
    4.3 MARKET, BY TAX TYPE, 2021 VS 2026
           FIGURE 20 INDIRECT TAX SEGMENT TO HOLD A LARGER MARKET SHARE IN 2021
    4.4 MARKET, BY DEPLOYMENT MODE, 2021 VS 2026
           FIGURE 21 CLOUD SEGMENT TO HOLD A LARGER MARKET SHARE IN 2021
    4.5 MARKET, BY ORGANIZATION SIZE, 2021 VS 2026
           FIGURE 22 LARGE ENTERPRISES SEGMENT TO HOLD A LARGER MARKET SHARE IN 2021
    4.6 MARKET, BY VERTICAL, 2021 VS 2026
           FIGURE 23 BFSI VERTICAL TO HOLD THE LARGEST MARKET SHARE IN 2021
    4.7 MARKET REGIONAL SCENARIO, 2021–2026
           FIGURE 24 ASIA PACIFIC TO EMERGE AS THE BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS
           FIGURE 25 MARKET IN INDIA TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD

5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 51)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 26 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: TAX MANAGEMENT MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing volume of financial transactions across verticals due to digitalization
                    5.2.1.2 Complex nature of the tax system
                    5.2.1.3 Vigilance by tax administrators
           5.2.2 RESTRAINTS
                    5.2.2.1 Increasing theft of confidential data
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Use of the blockchain technology
           5.2.4 CHALLENGES
                    5.2.4.1 Regular amendments in tax laws
                    5.2.4.2 Lack of standardized tax rules
    5.3 COVID-19-DRIVEN MARKET DYNAMICS
           5.3.1 DRIVERS AND OPPORTUNITIES
           5.3.2 RESTRAINTS AND CHALLENGES
    5.4 REGULATIONS
           5.4.1 GENERAL DATA PROTECTION REGULATION
           5.4.2 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT
           5.4.3 PAYMENT CARD INDUSTRY DATA SECURITY STANDARD
           5.4.4 GRAMM-LEACH-BLILEY ACT
           5.4.5 SOC2
    5.5 USE CASES
           5.5.1 CASE STUDY 1: INTEGRATION OF TRANSACTION TAX PROCESSES WITH OTHER FINANCE APPLICATIONS FROM DIFFERENT GEOGRAPHIC LOCATIONS
           5.5.2 CASE STUDY 2: IMPLEMENTING AUTOMATED SALES TAX CALCULATION SOLUTION TO COMPLY WITH TAX RATES OF EACH COUNTRY
           5.5.3 CASE STUDY 3: ADDRESSING VAT/GST CHALLENGES BY IMPLEMENTING AUTOMATIC VAT RECOVERY AND COMPLIANCE SOLUTION
    5.6 PRICING ANALYSIS AND MONETIZATION MODELS
           5.6.1 SCALABLE PRICING MODEL
           5.6.2 PAY PER RETURN POLICY
           5.6.3 FREEMIUM PRICING MODEL

6 TAX MANAGEMENT MARKET, BY COMPONENT (Page No. - 61)
    6.1 INTRODUCTION
           FIGURE 27 SERVICES SEGMENT TO GROW AT A HIGHER RATE DURING THE FORECAST PERIOD
           6.1.1 COMPONENT: MARKET DRIVERS
           6.1.2 COMPONENT: COVID-19 IMPACT
                    TABLE 4 MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                    TABLE 5 MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
    6.2 SOFTWARE
           TABLE 6 SOFTWARE: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 7 SOFTWARE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    6.3 SERVICES
           TABLE 8 SERVICES: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 9 SERVICES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

7 TAX MANAGEMENT MARKET, BY TAX TYPE (Page No. - 66)
    7.1 INTRODUCTION
           FIGURE 28 DIRECT TAX SEGMENT TO GROW AT A HIGHER RATE DURING THE FORECAST PERIOD
           7.1.1 TAX TYPE: MARKET DRIVERS
           7.1.2 TAX TYPE: COVID-19 IMPACT
                    TABLE 10 MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                    TABLE 11 MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
    7.2 INDIRECT TAX
           TABLE 12 INDIRECT TAX: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 13 INDIRECT TAX: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    7.3 DIRECT TAX
           TABLE 14 DIRECT TAX: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 15 DIRECT TAX: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

8 TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE (Page No. - 71)
    8.1 INTRODUCTION
           FIGURE 29 CLOUD SEGMENT TO GROW AT A HIGHER RATE DURING THE FORECAST PERIOD
           8.1.1 DEPLOYMENT MODE: MARKET DRIVER
           8.1.2 DEPLOYMENT MODE: COVID-19 IMPACT
                    TABLE 16 MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                    TABLE 17 MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
    8.2 CLOUD
           TABLE 18 CLOUD: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 19 CLOUD: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.3 ON-PREMISES
           TABLE 20 ON-PREMISES: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 21 ON-PREMISES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

9 TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE (Page No. - 76)
    9.1 INTRODUCTION
           FIGURE 30 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO GROW AT A HIGHER RATE DURING THE FORECAST PERIOD
           9.1.1 ORGANIZATION SIZE: MARKET DRIVERS
           9.1.2 ORGANIZATION SIZE: COVID-19 IMPACT
                    TABLE 22 MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                    TABLE 23 MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
    9.2 SMALL AND MEDIUM-SIZED ENTERPRISES
           TABLE 24 SMALL AND MEDIUM-SIZED ENTERPRISES: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 25 SMALL AND MEDIUM-SIZED ENTERPRISES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.3 LARGE ENTERPRISES
           TABLE 26 LARGE ENTERPRISES: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 27 LARGE ENTERPRISES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

10 TAX MANAGEMENT MARKET, BY VERTICAL (Page No. - 81)
     10.1 INTRODUCTION
               FIGURE 31 BANKING, FINANCIAL SERVICES AND INSURANCE VERTICAL TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD
             10.1.1 VERTICAL: MARKET DRIVERS
             10.1.2 VERTICAL: COVID-19 IMPACT
                       TABLE 28 MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 29 MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
     10.2 BANKING, FINANCIAL SERVICES AND INSURANCE
               TABLE 30 BANKING, FINANCIAL SERVICES AND INSURANCE: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
               TABLE 31 BANKING, FINANCIAL SERVICES AND INSURANCE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.3 IT AND TELECOM
               TABLE 32 IT AND TELECOM: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
               TABLE 33 IT AND TELECOM: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.4 MANUFACTURING
               TABLE 34 MANUFACTURING: TAX MANAGEMENT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
               TABLE 35 MANUFACTURING: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.5 ENERGY AND UTILITIES
               TABLE 36 ENERGY AND UTILITIES: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
               TABLE 37 ENERGY UTILITIES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.6 RETAIL
               TABLE 38 RETAIL: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
               TABLE 39 RETAIL: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.7 HEALTHCARE AND LIFE SCIENCES
               TABLE 40 HEALTHCARE AND LIFE SCIENCES: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
               TABLE 41 HEALTHCARE AND LIFE SCIENCES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.8 MEDIA AND ENTERTAINMENT
               TABLE 42 MEDIA AND ENTERTAINMENT: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
               TABLE 43 MEDIA AND ENTERTAINMENT: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.9 OTHER VERTICALS
               TABLE 44 OTHER VERTICALS: MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
               TABLE 45 OTHER VERTICALS: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

11 TAX MANAGEMENT MARKET, BY REGION (Page No. - 93)
     11.1 INTRODUCTION
               FIGURE 32 ASIA PACIFIC TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD
               TABLE 46 MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
               TABLE 47 MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     11.2 NORTH AMERICA
             11.2.1 NORTH AMERICA: MARKET DRIVERS
             11.2.2 NORTH AMERICA: COVID-19 IMPACT
                       FIGURE 33 NORTH AMERICA: MARKET SNAPSHOT
                       TABLE 48 NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 49 NORTH AMERICA: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 50 NORTH AMERICA: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 51 NORTH AMERICA: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 52 NORTH AMERICA: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 53 NORTH AMERICA: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 54 NORTH AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 55 NORTH AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
                       TABLE 56 NORTH AMERICA: MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 57 NORTH AMERICA: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
                       TABLE 58 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 59 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
             11.2.3 UNITED STATES
                       TABLE 60 UNITED STATES: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 61 UNITED STATES: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 62 UNITED STATES: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 63 UNITED STATES: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 64 UNITED STATES: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 65 UNITED STATES: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 66 UNITED STATES: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 67 UNITED STATES: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
             11.2.4 CANADA
                       TABLE 68 CANADA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 69 CANADA: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 70 CANADA: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 71 CANADA: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 72 CANADA: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 73 CANADA: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 74 CANADA: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 75 CANADA: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
     11.3 EUROPE
             11.3.1 EUROPE: MARKET DRIVERS
             11.3.2 EUROPE: COVID-19 IMPACT
                       TABLE 76 EUROPE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 77 EUROPE: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 78 EUROPE: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 79 EUROPE: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 80 EUROPE: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 81 EUROPE: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 82 EUROPE: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 83 EUROPE: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
                       TABLE 84 EUROPE: MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 85 EUROPE: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
                       TABLE 86 EUROPE: MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 87 EUROPE: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
             11.3.3 UNITED KINGDOM
                       TABLE 88 UNITED KINGDOM: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 89 UNITED KINGDOM: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 90 UNITED KINGDOM: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 91 UNITED KINGDOM: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 92 UNITED KINGDOM: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 93 UNITED KINGDOM: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 94 UNITED KINGDOM: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 95 UNITED KINGDOM: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
             11.3.4 GERMANY
                       TABLE 96 GERMANY: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 97 GERMANY: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 98 GERMANY: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 99 GERMANY: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 100 GERMANY: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 101 GERMANY: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 102 GERMANY: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 103 GERMANY: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
             11.3.5 FRANCE
                       TABLE 104 FRANCE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 105 FRANCE: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 106 FRANCE: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 107 FRANCE: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 108 FRANCE: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 109 FRANCE: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 110 FRANCE: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 111 FRANCE: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
             11.3.6 REST OF EUROPE
                       TABLE 112 REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 113 REST OF EUROPE: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 114 REST OF EUROPE: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 115 REST OF EUROPE: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 116 REST OF EUROPE: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 117 REST OF EUROPE: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 118 REST OF EUROPE: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 119 REST OF EUROPE: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
     11.4 ASIA PACIFIC
             11.4.1 ASIA PACIFIC: TAX MANAGEMENT MARKET DRIVERS
             11.4.2 ASIA PACIFIC: COVID-19 IMPACT
                       FIGURE 34 ASIA PACIFIC: MARKET SNAPSHOT
                       TABLE 120 ASIA PACIFIC: MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 121 ASIA PACIFIC: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 122 ASIA PACIFIC: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 123 ASIA PACIFIC: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 124 ASIA PACIFIC: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 125 ASIA PACIFIC: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 126 ASIA PACIFIC: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 127 ASIA PACIFIC: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
                       TABLE 128 ASIA PACIFIC: MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 129 ASIA PACIFIC: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
                       TABLE 130 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 131 ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
             11.4.3 CHINA
                       TABLE 132 CHINA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 133 CHINA: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 134 CHINA: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 135 CHINA: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 136 CHINA: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 137 CHINA: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 138 CHINA: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 139 CHINA: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
             11.4.4 JAPAN
                       TABLE 140 JAPAN: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 141 JAPAN: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 142 JAPAN: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 143 JAPAN: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 144 JAPAN: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 145 JAPAN: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 146 JAPAN: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 147 JAPAN: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
             11.4.5 INDIA
                       TABLE 148 INDIA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 149 INDIA: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 150 INDIA: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 151 INDIA: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 152 INDIA: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 153 INDIA: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 154 INDIA: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 155 INDIA: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
             11.4.6 REST OF ASIA PACIFIC
                       TABLE 156 REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 157 REST OF ASIA PACIFIC: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 158 REST OF ASIA PACIFIC: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 159 REST OF ASIA PACIFIC: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 160 REST OF ASIA PACIFIC: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 161 REST OF ASIA PACIFIC: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 162 REST OF ASIA PACIFIC: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 163 REST OF ASIA PACIFIC: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
     11.5 MIDDLE EAST AND AFRICA
             11.5.1 MIDDLE EAST AND AFRICA: TAX MANAGEMENT MARKET DRIVERS
             11.5.2 MIDDLE EAST AND AFRICA: COVID-19 IMPACT
                       TABLE 164 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 165 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 166 MIDDLE EAST AND AFRICA: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 167 MIDDLE EAST AND AFRICA: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 168 MIDDLE EAST AND AFRICA: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 169 MIDDLE EAST AND AFRICA: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 170 MIDDLE EAST AND AFRICA: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 171 MIDDLE EAST AND AFRICA: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
                       TABLE 172 MIDDLE EAST AND AFRICA: MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 173 MIDDLE EAST AND AFRICA: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
                       TABLE 174 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 175 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
             11.5.3 SOUTH AFRICA
                       TABLE 176 SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 177 SOUTH AFRICA: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 178 SOUTH AFRICA: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 179 SOUTH AFRICA: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 180 SOUTH AFRICA: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 181 SOUTH AFRICA: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 182 SOUTH AFRICA: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 183 SOUTH AFRICA: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
             11.5.4 SAUDI ARABIA
                       TABLE 184 SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 185 SAUDI ARABIA: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 186 SAUDI ARABIA: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 187 SAUDI ARABIA: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 188 SAUDI ARABIA: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 189 SAUDI ARABIA: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 190 SAUDI ARABIA: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 191 SAUDI ARABIA: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
             11.5.5 REST OF MIDDLE EAST AND AFRICA
                       TABLE 192 REST OF MIDDLE EAST AND AFRICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 193 REST OF MIDDLE EAST AND AFRICA: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 194 REST OF MIDDLE EAST AND AFRICA: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 195 REST OF MIDDLE EAST AND AFRICA: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 196 REST OF MIDDLE EAST AND AFRICA: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 197 REST OF MIDDLE EAST AND AFRICA: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 198 REST OF MIDDLE EAST AND AFRICA: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 199 REST OF MIDDLE EAST AND AFRICA: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
     11.6 LATIN AMERICA
             11.6.1 LATIN AMERICA: TAX MANAGEMENT MARKET DRIVERS
             11.6.2 LATIN AMERICA: COVID-19 IMPACT
                       TABLE 200 LATIN AMERICA: MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 201 LATIN AMERICA: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 202 LATIN AMERICA: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 203 LATIN AMERICA: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 204 LATIN AMERICA: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 205 LATIN AMERICA: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 206 LATIN AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 207 LATIN AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
                       TABLE 208 LATIN AMERICA: MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 209 LATIN AMERICA: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
                       TABLE 210 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 211 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
             11.6.3 BRAZIL
                       TABLE 212 BRAZIL: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 213 BRAZIL: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 214 BRAZIL: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 215 BRAZIL: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 216 BRAZIL: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 217 BRAZIL: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 218 BRAZIL: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 219 BRAZIL: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
             11.6.4 MEXICO
                       TABLE 220 MEXICO: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 221 MEXICO: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 222 MEXICO: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 223 MEXICO: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 224 MEXICO: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 225 MEXICO: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 226 MEXICO: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 227 MEXICO: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
             11.6.5 REST OF LATIN AMERICA
                       TABLE 228 REST OF LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
                       TABLE 229 REST OF LATIN AMERICA: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                       TABLE 230 REST OF LATIN AMERICA: MARKET SIZE, BY TAX TYPE, 2017–2020 (USD MILLION)
                       TABLE 231 REST OF LATIN AMERICA: MARKET SIZE, BY TAX TYPE, 2021–2026 (USD MILLION)
                       TABLE 232 REST OF LATIN AMERICA: MARKET SIZE, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
                       TABLE 233 REST OF LATIN AMERICA: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                       TABLE 234 REST OF LATIN AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
                       TABLE 235 REST OF LATIN AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 155)
     12.1 INTRODUCTION
     12.2 MARKET EVALUATION FRAMEWORK
               FIGURE 35 MARKET EVALUATION FRAMEWORK
     12.3 COMPETITIVE SCENARIO
             12.3.1 NEW PRODUCT/SOLUTION LAUNCHES AND PRODUCT ENHANCEMENTS
                       TABLE 236 NEW PRODUCT/SOLUTION LAUNCHES AND PRODUCT DEVELOPMENTS, 2019-2021
             12.3.2 BUSINESS EXPANSIONS
                       TABLE 237 BUSINESS EXPANSIONS, 2019-2021
             12.3.3 ACQUISITIONS
                       TABLE 238 ACQUISITIONS, 2019-2021
     12.4 COMPANY EVALUATION QUADRANT
             12.4.1 DEFINITIONS AND METHODOLOGY
                       TABLE 239 COMPANY EVALUATION QUADRANT: CRITERIA
             12.4.2 STAR
             12.4.3 EMERGING LEADER
             12.4.4 PERVASIVE
             12.4.5 PARTICIPANT
                       FIGURE 36 TAX MANAGEMENT MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021

13 COMPANY PROFILES (Page No. - 161)
     13.1 INTRODUCTION
(Business Overview, Solutions, Recent Developments, MnM View)*
     13.2 AVALARA
               TABLE 240 AVALARA: BUSINESS OVERVIEW
               FIGURE 37 AVALARA: COMPANY SNAPSHOT
               TABLE 241 AVALARA: SOLUTIONS OFFERED
               TABLE 242 AVALARA: MARKET: PRODUCT LAUNCHES AND BUSINESS EXPANSIONS
               TABLE 243 AVALARA: MARKET: DEALS
     13.3 ADP
               TABLE 244 ADP: BUSINESS OVERVIEW
               FIGURE 38 ADP: COMPANY SNAPSHOT
               TABLE 245 ADP: SOLUTIONS OFFERED
               TABLE 246 ADP: TAX MANAGEMENT MARKET: PRODUCT LAUNCHES & BUSINESS EXPANSIONS
               TABLE 247 ADP: MARKET: DEALS
     13.4 INTUIT
               TABLE 248 INTUIT: BUSINESS OVERVIEW
               FIGURE 39 INTUIT: COMPANY SNAPSHOT
               TABLE 249 INTUIT: SOLUTIONS OFFERED
               TABLE 250 INTUIT: MARKET: SERVICE LAUNCHES & BUSINESS EXPANSIONS
               TABLE 251 INTUIT: MARKET: DEALS
     13.5 THOMSON REUTERS
               TABLE 252 THOMSON REUTERS: BUSINESS OVERVIEW
               FIGURE 40 THOMSON REUTERS: COMPANY SNAPSHOT
               TABLE 253 THOMSON REUTERS: SOLUTIONS OFFERED
               TABLE 254 THOMSON REUTERS: TAX MANAGEMENT MARKET: SERVICE LAUNCHES AND BUSINESS EXPANSIONS
               TABLE 255 THOMSON REUTERS: MARKET: DEALS
     13.6 WOLTERS KLUWER
               TABLE 256 WOLTERS KLUWER: BUSINESS OVERVIEW
               FIGURE 41 WOLTERS KLUWER: COMPANY SNAPSHOT
               TABLE 257 WOLTERS KLUWER: SOLUTIONS OFFERED
               TABLE 258 WOLTERS KLUWER: MARKET: PRODUCT LAUNCHES AND BUSINESS EXPANSIONS
     13.7 BLUCORA
               TABLE 259 BLUCORA: BUSINESS OVERVIEW
               FIGURE 42 BLUCORA: COMPANY SNAPSHOT
               TABLE 260 BLUCORA: SOLUTIONS OFFERED
               TABLE 261 BLUCORA: TAX MANAGEMENT MARKET: DEALS
     13.8 H&R BLOCK
               TABLE 262 H&R BLOCK: BUSINESS OVERVIEW
               FIGURE 43 H&R BLOCK: COMPANY SNAPSHOT
               TABLE 263 H&R BLOCK: SOLUTIONS OFFERED
               TABLE 264 H&R BLOCK: MARKET: DEALS
     13.9 SAP
               TABLE 265 SAP: BUSINESS OVERVIEW
               FIGURE 44 SAP: COMPANY SNAPSHOT
               TABLE 266 SAP: MARKET: DEALS
     13.10 SOVOS
               TABLE 267 SOVOS: BUSINESS OVERVIEW
               TABLE 268 SOVOS: SOLUTIONS OFFERED
               TABLE 269 SOVOS: TAX MANAGEMENT MARKET: NEW PRODUCT LAUNCHES
               TABLE 270 SOVOS: MARKET: DEALS
     13.11 VERTEX
               TABLE 271 VERTEX: BUSINESS OVERVIEW
               TABLE 272 VERTEX: SOLUTIONS OFFERED
               TABLE 273 VERTEX: MARKET: BUSINESS EXPANSIONS
               TABLE 274 VERTEX: MARKET: DEALS
     13.12 CANOPY TAX
     13.13 DAVO TECHNOLOGIES
     13.14 DEFMACRO SOFTWARE
     13.15 DRAKE SOFTWARE
     13.16 SAILOTECH
     13.17 TAXBACK INTERNATIONAL
     13.18 TAXCLOUD
     13.19 TAXJAR
     13.20 TAXSLAYER
     13.21 XERO
     13.22 WEBGILITY
     13.23 LOVAT SOFTWARE
     13.24 SAFESEND
     13.25 EXEMPTAX
     13.26 SALES TAX DATALINK

*Details on Business Overview, Solutions, Recent Developments, MnM View might not be captured in case of unlisted companies.

14 ADJACENT MARKET (Page No. - 198)
     14.1 INTRODUCTION
     14.2 TRADE MANAGEMENT MARKET
               TABLE 275 TRADE MANAGEMENT MARKET SIZE, BY COMPONENT, 2015–2020 (USD MILLION)
               TABLE 276 TRADE MANAGEMENT MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
               TABLE 277 TRADE MANAGEMENT MARKET SIZE, BY SOLUTION, 2015–2020 (USD MILLION)
               TABLE 278 TRADE MANAGEMENT MARKET SIZE, BY SOLUTION, 2021–2026 (USD MILLION)
               TABLE 279 TRADE MANAGEMENT MARKET SIZE, BY SERVICE, 2015–2020 (USD MILLION)
               TABLE 280 TRADE MANAGEMENT MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)
               TABLE 281 TRADE MANAGEMENT MARKET SIZE, BY VERTICAL, 2015–2020 (USD MILLION)
               TABLE 282 TRADE MANAGEMENT MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
     14.3 WEALTH MANAGEMENT MARKET
               TABLE 283 WEALTH MANAGEMENT PLATFORM MARKET SIZE, BY ADVISORY MODEL, 2015–2022 (USD MILLION)
               TABLE 284 WEALTH MANAGEMENT PLATFORM MARKET SIZE, BY BUSINESS FUNCTION, 2015–2022 (USD MILLION)
               TABLE 285 WEALTH MANAGEMENT PLATFORM MARKET SIZE, BY END-USER INDUSTRY, 2015–2022 (USD MILLION)

15 APPENDIX (Page No. - 202)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

The study involved four major activities in estimating the current market size for tax management software and services. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. This research study involved the use of various secondary sources, directories, and databases, such as D&B Hoovers, DiscoverOrg, Factiva, data center associations, vendor data sheets, product demos, Green Grid, Uptime Institute, and BusinessWeek. All these sources were referred to identify and collect information useful for this technical, market-oriented, and commercial study of the tax management market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the value chain through primary research. The primary sources were mainly several industry experts from the core and related industries, preferred software providers, hardware manufacturers, distributors, service providers, technology developers, alliances, and organizations related to all the segments of the industry’s value chain. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information and assess the market’s prospects. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakup and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

The market size of the companies offering the tax management software and services was based on the secondary data available through paid and unpaid sources, and by analyzing the product portfolios of major companies in the ecosystem and rating the companies based on their product capabilities and business strategies. In the secondary research process, various sources were referred to for identifying and collecting information for the study. The secondary sources included annual reports, press releases, and investor presentations of companies; and product data sheets, white papers, journals, and certified publications, and articles from recognized authors, government websites, directories, and databases.

Primary Research

Various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Chief Marketing Officers (CMO), Vice Presidents (VPs), Managing Directors (MDs), technology and innovation directors, and related key executives from various key companies and organizations operating in the tax management market along with the associated service providers, and System Integrators (SIs) operating in the targeted regions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. Following is the breakup of primary respondents:

Tax Management Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

For making market estimates and forecasting the tax management market, and the other dependent submarkets, top-down and bottom-up approaches were used. The bottom-up procedure was used to arrive at the overall market size of the global tax management market using key companies’ revenue and their offerings in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the market have been identified through extensive secondary research.
  • The market size, in terms of value, has been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakup procedures were employed, wherever applicable. The data was triangulated by studying several factors and trends from both the demand and supply sides in the tax market.

Report Objectives

  • To define, describe, and forecast the tax management market by component (software and services), tax type, deployment mode, organization size, vertical, and region
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market
  • To analyze the market with respect to individual growth trends, prospects, and contributions to the tax management market
  • To forecast the market size of five main regions: North America, Europe, Asia Pacific (APAC), MEA, and Latin America
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
  • To profile the key players in the market and comprehensively analyze their core competencies in each subsegment
  • To analyze the competitive developments, such as new product launches and product enhancements, partnerships, collaborations, and acquisitions

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players up to five
Report Code
TC 7531
Published ON
Jan, 2022
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