Tax Management Market

Tax Management Market by Component (Software and Services), Deployment Mode (Cloud and On-Premises), Tax Type (Indirect Tax and Direct Tax), Organization Size (SMEs and Large Enterprises), Vertical and Region - Global Forecast to 2027

Report Code: TC 7531 Jan, 2023, by marketsandmarkets.com

[250 Pages Report] MarketsandMarkets estimates the global tax management market is expected to grow from USD 21.0 billion in 2022 to USD 35.1 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 10.8% 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, changes to the global tax legislative landscape, maintenance of compliance with real-time insights into the status, mitigated risks, and high-quality tax data within the system of the record itself, lowering of the cost of compliance with automation implementation.

Tax Management Market

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Tax Management Market Dynamics

Driver: Automated compliance helps lower the burden on tax management and drives the overall market

Increased transparency helps ensure compliance and optimize tax strategies. Due to automation, the risk is mitigated, and high-quality tax data is recorded within the system. Standardizing tax compliance processes to scale operations globally, minimize risk, fulfill tax obligations with lesser effort, and lowers compliance cost. Tax management efficiency can be triggered by eliminating workarounds and offline data reconciliations or manipulations, thereby increasing transparency for tax audits and automating compliance tasks with AI & ML.

Restraint: Limitation in VAT design and administrative reforms as a setback for tax management market

Although VAT has been adopted in most developing countries, it often suffers from being incomplete in one aspect or another periodically. The cost has increased for business owners throughout the chain of production. This is due to the fact that VAT is calculated at every step of the sales process; bookkeeping alone results in a massive burden for a company, which then passes on the additional cost to the end consumer. Many crucial sectors, most notably the services, wholesale and retail sectors, are non-inclusive of the VAT net, or the credit mechanism is highly restrictive. This means there are greater delays in the provision of proper credits for VAT on inputs, especially when it comes to capital goods. As these features allow a substantial increase in the tax burden for the final user, they reduce the benefits of introducing VAT in the first place.

Opportunity: Indirect tax management and compliance offer a significant opportunity for the market to scale

Indirect tax offers notable opportunities to leverage analytics. Indirect tax management and compliance are handled by operating business units (BUs) in many organizations. Every transaction an organization enters into requires an indirect tax decision to be made, even if the decision is such that the transaction is/be exempt(ed) from indirect taxes. Hence, the volume of information that surrounds the ultimate indirect tax outcomes can be magnanimous. The process is mostly automated but relies on manual information entry as well, to a certain extent. Effective Tax management is often expected to handle and address indirect tax controversy and disputes without having day-to-day control over the processes that create and report liabilities.

Challenge: The absence of standardized tax rules is a challenge in the current tax management market

Government and tax departments continuously work to improve the tax collection process while bringing efficiency and fairness. However, several countries, such as the US and India, have different tax rules for each stateThe US has a separate tax rate at the federal, state, and local levels. The tax system in China is complex as taxes are imposed differently based on provinces. For instance, there are over 30 provinces in China, each with different tax laws. As per the data of the World Bank, 263 hours are consumed annually to prepare taxes in China.

Due to rapid globalization, cross-border activities are increasing. However, each country has different norms and tax rates for each type of good and service. This acts as a major challenge for tax management solution providers because, for each country or state, the solution needs to be compliant with both state and central tax rates.

By Component, the services segment to grow at  a higher CAGR during the forecast period

With the increasing adoption of tax management software across major verticals, the demand for supporting services is growing among organizations. Services play a crucial role in helping organizations across industries to take complete advantage of tax management software. Tax management services include consulting; integration and deployment; and training, maintenance, and support. Organizations are adopting these services to enhance their tax management processes. Consulting services help an organization choose between a set of tax management software to match the latter’s specific requirements. These services advise end users and help them integrate and deploy software configured as per their requirements. They also help identify what type of integration organizations require to meet their tax demand. Moreover, they assist companies at every step of software usage.

By Tax type, the Direct tax to record a higher CAGR during the forecast period

Direct taxes are paid by taxpayers directly to the government without any intermediaries. They are levied on enterprises and are considered in the scope of the study. Some of the direct taxes considered include corporate tax, wealth tax, estate duty, gift tax, fringe benefits tax, and professional tax. Vendors are offering intuitive and comprehensive direct tax solutions for changing market needs. Direct tax software can file multiple types of returns and provide a centralized user administration that helps simplify tax compliance processes. Multi-state and multi-national organizations face challenges related to tax filing due to the differences in jurisdictions. However, direct tax management software help in filing state, local, and international returns more accurately, quickly, and securely.

By Deployment mode, the cloud deployment model to continue with the higher CAGR during the forecast period

Organizations increasingly prefer cloud-based tax management software. Cloud-based deployment allows users to access the solution from anywhere on any device, such as personal computers, laptops, and mobiles. Cloud solutions eliminate the burden of system administration and maintenance so a business’s management can focus on value-added activities. Cloud deployment mode is designed to always be online and negate data loss. This makes cloud well-suited for indirect tax because those taxes must be calculated, retained and collected on a transaction-by-transaction basis, which is of a higher frequency. A company can efficiently conduct business if the platform it uses for indirect tax is always active and can move parallelly at the speed those transactions occur.

By Region, North America to exhibit significant growth during the forecast period

In terms of market size, North America is expected to be the major contributor to the global tax management market during the forecast period. The US and Canada are expected to be the major revenue contributors to the North American tax management market. The adoption of tax management solutions offers benefits, such as reduced deductible amounts, easy tax calculations, saving time, automatic tax filing, and a reduction in the number of errors. The developed economies in North America have been witnessing higher adoption of tax management solutions compared to other countries across the globe. The major tax management vendors in North America include Avalara, ADP, Intuit, and H&R Block. They have adopted several business strategies to enhance their existing product portfolios and expand their geographic presence in the tax management market.

Tax Management Market Size, and Share

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Key Market Players

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

2017–2027

Base year considered

2022

Forecast period

2023–2027

Forecast units

Value (USD Billion)

Segments covered

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

Geographies covered

North America, Asia Pacific, Europe, Latin America, and Middle East & Africa

Companies covered

Thomson Reuters (Canada), Intuit (US), H&R Block (US), Avalara (US), Wolters Kluwer NV (Netherlands), Automatic Data Processing (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), Sales Tax DataLINK (US), Shoeboxed (US), and SAXTAX (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 tax management 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 tax management 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
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments

  • In November 2022, Intuit led its innovation at scale for consumers and small businesses, along with speeding time to market for new products and services with its AI-driven Virtual Expert Platform. Combining Intuit’s AI technology and its network of experts, along with the software that connects them—via its TurboTax Live and QuickBooks Live offerings, customers will have automated digital assistance with its AI-enabled platform.
  • In September 2022, Avalara integrated with 18 wide variety of solutions. The integration is expected to, moving ahead, enable customers of Avalara partner solutions to benefit from Avalara’s real-time calculation of applicable taxes for billing line items. The broad variety of solutions is namely Apparel21, B2B Wave, Cleverbridge, Commonsku, HappsNow, Karmak Fusion, LOU by Evosus, Naviga, Omnia 360, ONE platform, Rain POS, Response CRM, Seradex, shopVOX, Softbase systems 3.0, Thoroughbred s/w, TrulinX by Tribute, and vinSUITE.
  • In September 2022, Intuit partnered with Ignition. This partnership is expected to elevate the experience for experts and the public in professional services. Ignition’s Tax Planning and Advisory Proposal templates combine and extend upon Intuit’s recently launched Intuit Tax Advisor, which seamlessly integrates with Lacerte and ProConnect Tax software to provide automated tax insights and strategies for accounting professionals.

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INTRODUCTION
25
RESEARCH METHODOLOGY
30
EXECUTIVE SUMMARY
43
PREMIUM INSIGHTS
49
MARKET OVERVIEW AND INDUSTRY TRENDS
53
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Increasing volume of financial transactions across verticals due to digitalization
    - Complex nature of tax systems
    - Vigilance by tax administrators
    - Automated compliance lowering burden of tax management
    RESTRAINTS
    - Increasing theft of confidential data
    - Limitations in VAT design and administration
    OPPORTUNITIES
    - Use of blockchain technology
    - Indirect tax management and compliance
    CHALLENGES
    - Regular amendments in tax laws
    - Lack of standardized tax rules
  • 5.3 CASE STUDIES
    CASE STUDY 1: INTEGRATING TRANSACTION TAX PROCESSES WITH OTHER FINANCE APPLICATIONS IN DIFFERENT GEOGRAPHIC LOCATIONS
    CASE STUDY 2: IMPLEMENTING AUTOMATED SALES TAX CALCULATION SOLUTION TO COMPLY WITH TAX RATES IN EACH COUNTRY
    CASE STUDY 3: ADDRESSING VAT/GST CHALLENGES BY IMPLEMENTING AUTOMATIC VAT RECOVERY AND COMPLIANCE SOLUTION
    CASE STUDY 4: STREAMLINING GAMING FIRM'S TAX MANAGEMENT
    CASE STUDY 5: KEEPING AND MANAGING TAX RECORDS IN REAL TIME
    CASE STUDY 6: STANDARDIZING COMPLIANCE FOR CHEMICAL FIRM
  • 5.4 TECHNOLOGICAL ANALYSIS
    ARTIFICIAL INTELLIGENCE
    DATA ANALYTICS
  • 5.5 PRICING ANALYSIS
    SCALABLE PRICING MODEL
    PAY-PER-RETURN POLICY
    FREEMIUM PRICING MODEL
    AVERAGE SELLING PRICE TREND
  • 5.6 ECOSYSTEM ANALYSIS
  • 5.7 VALUE CHAIN ANALYSIS
  • 5.8 PATENT ANALYSIS
  • 5.9 PORTER'S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    DEGREE OF COMPETITION
  • 5.10 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.11 TRENDS/DISRUPTIONS IMPACTING BUYERS
  • 5.12 KEY CONFERENCES AND EVENTS IN 2022–2023
  • 5.13 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    REGULATIONS, BY REGION
    - North America
    - Europe
    - Asia Pacific
    - Middle East and South Africa
    - Latin America
TAX MANAGEMENT MARKET, BY COMPONENT
77
  • 6.1 INTRODUCTION
    DRIVERS OF TAX MANAGEMENT MARKET, BY COMPONENT
  • 6.2 SOFTWARE
    INTEGRATION OF AUTOMATION AND AI FOR EFFECTIVE TAX MANAGEMENT TO DRIVE MARKET
  • 6.3 SERVICES
    HIGHER SPENDING ON MAINTENANCE SERVICES TO REDUCE DOWNTIME
TAX MANAGEMENT MARKET, BY TAX TYPE
82
  • 7.1 INTRODUCTION
    DRIVERS OF TAX MANAGEMENT MARKET, BY TAX TYPE
  • 7.2 INDIRECT TAX
    HIGH TAX FILING FREQUENCY TO INCREASE ADOPTION OF SOFTWARE FOR INDIRECT TAX MANAGEMENT
  • 7.3 DIRECT TAX
    DEMAND FROM MULTI-NATIONAL ORGANIZATIONS TO ACCURATELY ADDRESS MULTIPLE TAX COMPLIANCES TO BOOST MARKET
TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE
87
  • 8.1 INTRODUCTION
    DRIVERS OF TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE
  • 8.2 CLOUD
    CLOUD-BASED PLATFORMS TO IMPROVE MOBILITY AND DECENTRALIZE DATA STORAGE AND COMPUTING
  • 8.3 ON-PREMISES
    DEMAND FROM BFSI TO STORE AND MANAGE DATA SECURELY ON-PREMISES TO FAVOR MARKET GROWTH
TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE
92
  • 9.1 INTRODUCTION
    DRIVERS OF TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE
  • 9.2 SMALL AND MEDIUM-SIZED ENTERPRISES
    VASTLY EXPANDING SME AND START-UP ECOSYSTEM TO DRIVE MARKET
  • 9.3 LARGE ENTERPRISES
    NEED TO COMPLY WITH VARIOUS MULTI-NATIONAL TAX JURISDICTIONS TO PROPEL MARKET
TAX MANAGEMENT MARKET, BY VERTICAL
97
  • 10.1 INTRODUCTION
    DRIVERS OF TAX MANAGEMENT MARKET, BY VERTICAL
  • 10.2 BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI)
    INCREASING USE OF BANKING APPLICATIONS TO DRIVE MARKET
  • 10.3 IT & TELECOM
    DIGITAL DISRUPTION FOR ENHANCING CONSUMER EXPERIENCE TO CREATE GROWTH OPPORTUNITIES
  • 10.4 MANUFACTURING
    GROWING MARKET REACH OF MANUFACTURERS TO INCREASE DEMAND FOR TAX MANAGEMENT SOLUTIONS
  • 10.5 ENERGY & UTILITIES
    ASIA PACIFIC TO BE FASTEST-GROWING MARKET IN THIS SEGMENT
  • 10.6 RETAIL
    DEMAND FOR INTELLIGENT AUTOMATED TAX MANAGEMENT SOLUTIONS TO BOOST MARKET
  • 10.7 HEALTHCARE & LIFE SCIENCES
    CONTINUOUS TAX REFORMS TO CONTRIBUTE TO MARKET GROWTH
  • 10.8 MEDIA & ENTERTAINMENT
    CHANGING TAX POLICIES TO PROPEL MARKET
  • 10.9 OTHER VERTICALS
TAX MANAGEMENT MARKET, BY REGION
109
  • 11.1 INTRODUCTION
  • 11.2 NORTH AMERICA
    NORTH AMERICA: TAX MANAGEMENT MARKET DRIVERS
    NORTH AMERICA: RECESSION IMPACT
    US
    - To be major contributor to regional market growth
    CANADA
    - To offer lucrative growth opportunities to market players
  • 11.3 EUROPE
    EUROPE: TAX MANAGEMENT MARKET DRIVERS
    EUROPE: RECESSION IMPACT
    UK
    - To maintain its competitive position in global market
    GERMANY
    - Significant developments in tax laws to drive market
    FRANCE
    - Complex tax laws to encourage businesses to implement tax management solutions
    REST OF EUROPE
  • 11.4 ASIA PACIFIC
    ASIA PACIFIC: TAX MANAGEMENT MARKET DRIVERS
    ASIA PACIFIC: RECESSION IMPACT
    CHINA
    - Blockchain technology to disrupt market
    JAPAN
    - To be competitive market for tax management solutions and services
    INDIA
    - Use of automated tax management solutions to grow during forecast period
    REST OF ASIA PACIFIC
  • 11.5 MIDDLE EAST & AFRICA
    MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET DRIVERS
    MIDDLE EAST & AFRICA: RECESSION IMPACT
    SOUTH AFRICA
    - Focus on simplification of tax process to drive demand for tax management solutions
    SAUDI ARABIA
    - Complex taxes imposed on country’s natural resources to boost market
    REST OF MIDDLE EAST AND AFRICA
  • 11.6 LATIN AMERICA
    LATIN AMERICA: TAX MANAGEMENT MARKET DRIVERS
    LATIN AMERICA: RECESSION IMPACT
    BRAZIL
    - Variation in tax compliance across 27 states to trigger market growth
    MEXICO
    - Amendments in income tax law to spur market growth
    REST OF LATIN AMERICA
COMPETITIVE LANDSCAPE
173
  • 12.1 INTRODUCTION
  • 12.2 MARKET EVALUATION FRAMEWORK
  • 12.3 MARKET SHARE OF TOP VENDORS
    INDIRECT TAX MANAGEMENT - MARKET SHARE OF TOP VENDORS
  • 12.4 HISTORICAL REVENUE ANALYSIS OF TOP FIVE VENDORS
  • 12.5 KEY MARKET DEVELOPMENTS
    PRODUCT LAUNCHES AND ENHANCEMENTS
    DEALS
  • 12.6 COMPANY EVALUATION QUADRANT
    DEFINITION AND METHODOLOGY
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
  • 12.7 STARTUP/SME EVALUATION QUADRANT
    DEFINITION AND METHODOLOGY
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
  • 12.8 COMPETITIVE BENCHMARKING
COMPANY PROFILES
189
  • 13.1 INTRODUCTION
  • 13.2 KEY PLAYERS
    AVALARA
    - Business overview
    - Solutions offered
    - Recent developments
    - MnM view
    ADP
    - Business overview
    - Solutions offered
    - Recent developments
    - MNM view
    INTUIT
    - Business overview
    - Solutions offered
    - Recent developments
    - MnM view
    THOMSON REUTERS
    - Business overview
    - Solutions offered
    - Recent developments
    - MnM view
    WOLTERS KLUWER
    - Business overview
    - Solutions offered
    - Recent developments
    - MnM view
    BLUCORA
    - Business overview
    - Solutions offered
    H&R BLOCK
    - Business overview
    - Solutions offered
    SAP
    - Business overview
    - Solutions offered
    SOVOS
    - Business overview
    - Solutions offered
    VERTEX, INC.
    - Business overview
    - Solutions offered
  • 13.3 OTHER PLAYERS
    CANOPY
    DAVO TECHNOLOGIES
    DEFMACRO SOFTWARE PRIVATE LIMITED
    DRAKE SOFTWARE
    SAILOTECH
    TAXBACK INTERNATIONAL
    TAXCLOUD
    TAXJAR
    TAXSLAYER
    XERO
    WEBGILITY
    LOVAT SOFTWARE
    SAFESEND
    EXEMPTAX
    SALES TAX DATALINK
    SHOEBOXED INC.
    SAXTAX SOFTWARE
ADJACENT & RELATED MARKETS
224
  • 14.1 INTRODUCTION
  • 14.2 TRADE MANAGEMENT MARKET
  • 14.3 WEALTH MANAGEMENT MARKET
APPENDIX
228
  • 15.1 DISCUSSION GUIDE
  • 15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 15.3 CUSTOMIZATION OPTIONS
  • 15.4 RELATED REPORTS
  • 15.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2017–2021
  • TABLE 2 FACTOR ANALYSIS
  • TABLE 3 PRICING ANALYSIS OF TAX MANAGEMENT VENDORS (1)
  • TABLE 4 PRICING ANALYSIS OF TAX MANAGEMENT VENDORS (2)
  • TABLE 5 TOP 10 PATENT APPLICANTS
  • TABLE 6 IMPACT OF PORTER’S FIVE FORCES ON TAX MANAGEMENT MARKET
  • TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USES (%)
  • TABLE 8 KEY BUYING CRITERIA FOR TOP END USES
  • TABLE 9 TAX MANAGEMENT MARKET: KEY CONFERENCES AND EVENTS
  • TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 11 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 12 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 13 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 14 TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 15 TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 16 SOFTWARE: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 17 SOFTWARE: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 18 SERVICES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 19 SERVICES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 20 TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 21 TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 22 INDIRECT TAX: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 23 INDIRECT TAX: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 24 DIRECT TAX: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 25 DIRECT TAX: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 26 TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 27 TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 28 CLOUD: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 29 CLOUD: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 30 ON-PREMISES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 31 ON-PREMISES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 32 TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 33 TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 34 SMALL AND MEDIUM-SIZED ENTERPRISES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 35 SMALL AND MEDIUM-SIZED ENTERPRISES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 36 LARGE ENTERPRISES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 37 LARGE ENTERPRISES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 38 TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2018–2021 (USD MILLION)
  • TABLE 39 TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2022–2027 (USD MILLION)
  • TABLE 40 BANKING, FINANCIAL SERVICES AND INSURANCE: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 41 BANKING, FINANCIAL SERVICES AND INSURANCE: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 42 IT & TELECOM: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 43 IT & TELECOM: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 44 MANUFACTURING: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 45 MANUFACTURING: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 46 ENERGY & UTILITIES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 47 ENERGY & UTILITIES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 48 RETAIL: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 49 RETAIL: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 50 HEALTHCARE & LIFE SCIENCES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 51 HEALTHCARE & LIFE SCIENCES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 52 MEDIA & ENTERTAINMENT: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 53 MEDIA & ENTERTAINMENT: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 54 OTHER VERTICALS: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 55 OTHER VERTICALS: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 56 TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 57 TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 58 NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 59 NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 60 NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 61 NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 62 NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 63 NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 64 NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 65 NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 66 NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2018–2021 (USD MILLION)
  • TABLE 67 NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2022–2027 (USD MILLION)
  • TABLE 68 NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
  • TABLE 69 NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)
  • TABLE 70 US: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 71 US: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 72 US: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 73 US: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 74 US: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 75 US: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 76 US: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 77 US: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 78 CANADA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 79 CANADA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 80 CANADA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 81 CANADA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 82 CANADA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 83 CANADA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 84 CANADA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 85 CANADA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 86 EUROPE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 87 EUROPE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 88 EUROPE: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 89 EUROPE: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 90 EUROPE: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 91 EUROPE: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 92 EUROPE: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 93 EUROPE: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 94 EUROPE: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2018–2021 (USD MILLION)
  • TABLE 95 EUROPE: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2022–2027 (USD MILLION)
  • TABLE 96 EUROPE: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
  • TABLE 97 EUROPE: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)
  • TABLE 98 UK: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 99 UK: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 100 UK: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 101 UK: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 102 UK: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 103 UK: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 104 UK: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 105 UK: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 106 GERMANY: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 107 GERMANY: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 108 GERMANY: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 109 GERMANY: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 110 GERMANY: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 111 GERMANY: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 112 GERMANY: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 113 GERMANY: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 114 FRANCE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 115 FRANCE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 116 FRANCE: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 117 FRANCE: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 118 FRANCE: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 119 FRANCE: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 120 FRANCE: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 121 FRANCE: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 122 REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 123 REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 124 REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 125 REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 126 REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 127 REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 128 REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 129 REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 130 ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 131 ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 132 ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 133 ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 134 ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 135 ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 136 ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 137 ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 138 ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2018–2021 (USD MILLION)
  • TABLE 139 ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2022–2027 (USD MILLION)
  • TABLE 140 ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
  • TABLE 141 ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)
  • TABLE 142 CHINA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 143 CHINA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 144 CHINA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 145 CHINA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 146 CHINA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 147 CHINA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 148 CHINA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 149 CHINA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 150 JAPAN: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 151 JAPAN: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 152 JAPAN: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 153 JAPAN: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 154 JAPAN: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 155 JAPAN: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 156 JAPAN: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 157 JAPAN: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 158 INDIA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 159 INDIA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 160 INDIA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 161 INDIA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 162 INDIA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 163 INDIA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 164 INDIA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 165 INDIA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 166 REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 167 REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 168 REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 169 REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 170 REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 171 REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 172 REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 173 REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 174 MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 175 MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 176 MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 177 MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 178 MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 179 MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 180 MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 181 MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 182 MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2018–2021 (USD MILLION)
  • TABLE 183 MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2022–2027 (USD MILLION)
  • TABLE 184 MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
  • TABLE 185 MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)
  • TABLE 186 SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 187 SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 188 SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 189 SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 190 SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 191 SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 192 SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 193 SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 194 SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 195 SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 196 SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 197 SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 198 SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 199 SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 200 SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 201 SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 202 REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 203 REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 204 REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 205 REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 206 REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 207 REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 208 REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 209 REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 210 LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 211 LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 212 LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 213 LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 214 LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 215 LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 216 LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 217 LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 218 LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2018–2021 (USD MILLION)
  • TABLE 219 LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2022–2027 (USD MILLION)
  • TABLE 220 LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
  • TABLE 221 LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)
  • TABLE 222 BRAZIL: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 223 BRAZIL: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 224 BRAZIL: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 225 BRAZIL: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 226 BRAZIL: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 227 BRAZIL: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 228 BRAZIL: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 229 BRAZIL: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 230 MEXICO: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 231 MEXICO: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 232 MEXICO: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 233 MEXICO: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 234 MEXICO: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 235 MEXICO: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 236 MEXICO: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 237 MEXICO: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 238 REST OF LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)
  • TABLE 239 REST OF LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 240 REST OF LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)
  • TABLE 241 REST OF LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)
  • TABLE 242 REST OF LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
  • TABLE 243 REST OF LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 244 REST OF LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
  • TABLE 245 REST OF LATIN AMERICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 246 PRODUCT LAUNCHES AND ENHANCEMENTS, 2019–2022
  • TABLE 247 DEALS, 2019–2022
  • TABLE 248 COMPANY EVALUATION QUADRANT: CRITERIA
  • TABLE 249 GLOBAL COMPANY FOOTPRINT
  • TABLE 250 COMPANY FOOTPRINT, BY COMPONENT
  • TABLE 251 COMPANY FOOTPRINT, BY VERTICAL
  • TABLE 252 COMPANY FOOTPRINT, BY REGION
  • TABLE 253 STARTUP/SME COMPANY EVALUATION MATRIX: CRITERIA
  • TABLE 254 TAX MANAGEMENT MARKET: DETAILED LIST OF KEY STARTUPS/SMES
  • TABLE 255 TAX MANAGEMENT MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES
  • TABLE 256 AVALARA: COMPANY OVERVIEW
  • TABLE 257 AVALARA: SOLUTIONS OFFERED
  • TABLE 258 AVALARA: PRODUCT LAUNCHES AND BUSINESS EXPANSIONS
  • TABLE 259 AVALARA: DEALS
  • TABLE 260 ADP: COMPANY OVERVIEW
  • TABLE 261 ADP: SOLUTIONS OFFERED
  • TABLE 262 ADP: PRODUCT LAUNCHES AND BUSINESS EXPANSIONS
  • TABLE 263 ADP: DEALS
  • TABLE 264 INTUIT: COMPANY OVERVIEW
  • TABLE 265 INTUIT: SOLUTIONS OFFERED
  • TABLE 266 INTUIT: SERVICE LAUNCHES AND BUSINESS EXPANSIONS
  • TABLE 267 INTUIT: DEALS
  • TABLE 268 THOMSON REUTERS: COMPANY OVERVIEW
  • TABLE 269 THOMSON REUTERS: SOLUTIONS OFFERED
  • TABLE 270 THOMSON REUTERS: SERVICE LAUNCHES AND BUSINESS EXPANSIONS
  • TABLE 271 THOMSON REUTERS: DEALS
  • TABLE 272 WOLTERS KLUWER: COMPANY OVERVIEW
  • TABLE 273 WOLTERS KLUWER: SOLUTIONS OFFERED
  • TABLE 274 WOLTERS KLUWER: PRODUCT LAUNCHES AND BUSINESS EXPANSIONS
  • TABLE 275 BLUCORA: COMPANY OVERVIEW
  • TABLE 276 BLUCORA: SOLUTIONS OFFERED
  • TABLE 277 BLUCORA: DEALS
  • TABLE 278 H&R BLOCK: COMPANY OVERVIEW
  • TABLE 279 H&R BLOCK: SOLUTIONS OFFERED
  • TABLE 280 H&R BLOCK: DEALS
  • TABLE 281 SAP: COMPANY OVERVIEW
  • TABLE 282 SOVOS: COMPANY OVERVIEW
  • TABLE 283 SOVOS: SOLUTIONS OFFERED
  • TABLE 284 SOVOS: DEALS
  • TABLE 285 VERTEX, INC.: COMPANY OVERVIEW
  • TABLE 286 VERTEX, INC.: SOLUTIONS OFFERED
  • TABLE 287 VERTEX, INC.: DEALS
  • TABLE 288 TRADE MANAGEMENT MARKET SIZE, BY COMPONENT, 2015–2020 (USD MILLION)
  • TABLE 289 TRADE MANAGEMENT MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
  • TABLE 290 TRADE MANAGEMENT MARKET SIZE, BY SOLUTION, 2015–2020 (USD MILLION)
  • TABLE 291 TRADE MANAGEMENT MARKET SIZE, BY SOLUTION, 2021–2026 (USD MILLION)
  • TABLE 292 TRADE MANAGEMENT MARKET SIZE, BY SERVICE, 2015–2020 (USD MILLION)
  • TABLE 293 TRADE MANAGEMENT MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)
  • TABLE 294 TRADE MANAGEMENT MARKET SIZE, BY VERTICAL, 2015–2020 (USD MILLION)
  • TABLE 295 TRADE MANAGEMENT MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
  • TABLE 296 WEALTH MANAGEMENT PLATFORM MARKET SIZE, BY ADVISORY MODEL, 2015–2022 (USD MILLION)
  • TABLE 297 WEALTH MANAGEMENT PLATFORM MARKET SIZE, BY BUSINESS FUNCTION, 2015–2022 (USD MILLION)
  • TABLE 298 WEALTH MANAGEMENT PLATFORM MARKET SIZE, BY END-USE INDUSTRY, 2015–2022 (USD MILLION)
LIST OF FIGURES
 
  • FIGURE 1 GLOBAL TAX MANAGEMENT MARKET: RESEARCH DESIGN
  • FIGURE 2 BREAK-UP OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
  • FIGURE 3 TAX MANAGEMENT MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
  • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1 (TOP-DOWN), REVENUE FROM TAX MANAGEMENT SOFTWARE AND SERVICES
  • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY SIDE), COLLECTIVE REVENUE OF TAX MANAGEMENT VENDORS
  • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: CAGR PROJECTIONS FROM SUPPLY SIDE
  • FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 2 (BOTTOM-UP), REVENUE GENERATED BY TAX MANAGEMENT VENDORS FROM EACH COMPONENT
  • FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 2 (DEMAND SIDE), REGIONAL LEVEL
  • FIGURE 9 RESEARCH LIMITATIONS
  • FIGURE 10 TAX MANAGEMENT MARKET: GLOBAL SNAPSHOT
  • FIGURE 11 FASTEST-GROWING SEGMENTS OF TAX MANAGEMENT MARKET
  • FIGURE 12 SOFTWARE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 13 INDIRECT TAX SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 14 CLOUD SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 15 BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI) SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 16 TAX MANAGEMENT MARKET: REGIONAL SNAPSHOT
  • FIGURE 17 RISING DEMAND FOR ADVANCED TAX COMPLIANCE SYSTEMS TO DRIVE MARKET
  • FIGURE 18 SOFTWARE SEGMENT TO HOLD LARGER MARKET SHARE
  • FIGURE 19 INDIRECT TAX SEGMENT TO DOMINATE MARKET
  • FIGURE 20 CLOUD SEGMENT TO HOLD LARGER MARKET SHARE
  • FIGURE 21 LARGE ENTERPRISES SEGMENT TO HOLD LARGER MARKET SHARE
  • FIGURE 22 BFSI VERTICAL TO HOLD LARGEST MARKET SHARE
  • FIGURE 23 ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS
  • FIGURE 24 TAX MANAGEMENT MARKET IN INDIA TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
  • FIGURE 25 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN TAX MANAGEMENT MARKET
  • FIGURE 26 TAX MANAGEMENT MARKET: ECOSYSTEM ANALYSIS
  • FIGURE 27 TAX MANAGEMENT MARKET: VALUE CHAIN ANALYSIS
  • FIGURE 28 NUMBER OF PATENT DOCUMENTS PUBLISHED DURING 2012–2022
  • FIGURE 29 TOP FIVE PATENT OWNERS (GLOBAL)
  • FIGURE 30 TAX MANAGEMENT MARKET: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USES
  • FIGURE 32 KEY BUYING CRITERIA FOR TOP END USES
  • FIGURE 33 TAX MANAGEMENT MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS
  • FIGURE 34 SERVICES SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD
  • FIGURE 35 DIRECT TAX SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD
  • FIGURE 36 CLOUD SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD
  • FIGURE 37 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD
  • FIGURE 38 BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI) VERTICAL TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
  • FIGURE 39 ASIA PACIFIC TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
  • FIGURE 40 NORTH AMERICA: TAX MANAGEMENT MARKET SNAPSHOT
  • FIGURE 41 ASIA PACIFIC: TAX MANAGEMENT MARKET SNAPSHOT
  • FIGURE 42 MARKET EVALUATION FRAMEWORK
  • FIGURE 43 TAX MANAGEMENT MARKET: VENDOR SHARE ANALYSIS
  • FIGURE 44 INDIRECT TAX MANAGEMENT: MARKET SHARE OF TOP VENDORS
  • FIGURE 45 HISTORICAL REVENUE ANALYSIS OF TOP FIVE VENDORS, 2018–2022
  • FIGURE 46 TAX MANAGEMENT MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2022
  • FIGURE 47 TAX MANAGEMENT (STARTUP/SME): COMPANY EVALUATION QUADRANT, 2022
  • FIGURE 48 ADP: COMPANY SNAPSHOT
  • FIGURE 49 INTUIT: COMPANY SNAPSHOT
  • FIGURE 50 THOMSON REUTERS: COMPANY SNAPSHOT
  • FIGURE 51 WOLTERS KLUWER: COMPANY SNAPSHOT
  • FIGURE 52 BLUCORA: COMPANY SNAPSHOT
  • FIGURE 53 H&R BLOCK: COMPANY SNAPSHOT
  • FIGURE 54 SAP: COMPANY SNAPSHOT
  • FIGURE 55 VERTEX, INC.: COMPANY SNAPSHOT

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 used secondary sources, directories, and databases, such as D&B Hoovers, DiscoverOrg, Bloomberg, 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 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, investor presentations of companies, product data sheets, white papers, journals, certified publications, articles from recognized authors, government websites, directories, and database

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, 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 of 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 tax management 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), Middle East and Africa, 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

Market Scope of Tax Compliance Solutions

Tax compliance solutions are an essential part of the tax management market, as they provide tools and software that enable businesses and individuals to comply with tax regulations. Tax compliance solutions are software tools that help businesses and individuals to meet their tax obligations, including timely and accurate filing of tax returns, payment of taxes, and maintaining proper tax records. These solutions automate the tax compliance process by using algorithms and artificial intelligence to collect, analyze and report tax-related data. Tax compliance solutions can also provide alerts for upcoming tax deadlines, identify tax-saving opportunities, and calculate taxes.

Futuristic Growth Use-Cases of Tax Compliance Solutions Market

  1. Predictive Analytics: Tax compliance solutions can use predictive analytics to forecast potential tax liabilities and identify areas where tax savings can be achieved. This can be particularly useful for businesses that operate in multiple jurisdictions with complex tax rules.
  2. Blockchain-Based Solutions: Blockchain-based tax compliance solutions can offer a high level of security, transparency, and immutability, which can be particularly useful in situations where there is a need to maintain a complete and accurate audit trail of all tax-related transactions.
  3. Artificial Intelligence (AI) and Machine Learning (ML): Tax compliance solutions that use AI and ML algorithms can automate routine tax-related processes, reduce the risk of errors, and identify potential tax savings opportunities.
  4. Robotic Process Automation (RPA): RPA can automate repetitive tasks and free up tax professionals to focus on more complex and strategic tasks. RPA can also improve data accuracy and reduce the time required to complete tax-related tasks.
  5. Cloud-Based Solutions: Cloud-based tax compliance solutions offer greater flexibility, scalability, and cost-effectiveness than traditional on-premise solutions. Cloud-based solutions can also offer enhanced data security and improved accessibility.

Industries Getting Impacted in Future by Tax Compliance Solutions Market

  1. Banking and Financial Services: Banks and financial institutions are required to comply with tax regulations in multiple jurisdictions. Tax compliance solutions can help banks and financial institutions automate the tax compliance process and ensure they are meeting their regulatory obligations.
  2. Healthcare: Healthcare providers, including hospitals, clinics, and other healthcare organizations, must comply with tax regulations related to medical expenses, insurance premiums, and other healthcare-related tax matters. Tax compliance solutions can help healthcare providers ensure they are in compliance with tax regulations and reduce the risk of errors.
  3. E-commerce: Online retailers must comply with tax regulations related to sales taxes and other tax matters. Tax compliance solutions can help e-commerce businesses automate the calculation and reporting of sales taxes and other tax-related activities.
  4. Real Estate: Real estate companies and property owners must comply with tax regulations related to property taxes, rental income, and other tax matters. Tax compliance solutions can help real estate companies and property owners automate the calculation and reporting of property taxes and other tax-related activities.
  5. Manufacturing: Manufacturers must comply with tax regulations related to sales taxes, excise taxes, and other tax matters. Tax compliance solutions can help manufacturers automate the calculation and reporting of taxes and ensure they are in compliance with tax regulations.

Top Players in Tax Compliance Solutions Market

  1. Thomson Reuters
  2. Wolters Kluwer
  3. Avalara
  4. Vertex
  5. Sovos
  6. CCH Tagetik
  7. ONESOURCE

New Business Opportunities in Tax Compliance Solutions Market

  1. Cloud-Based Solutions: As more businesses move their operations to the cloud, there is a growing demand for cloud-based tax compliance solutions that offer greater flexibility, scalability, and cost-effectiveness than traditional on-premise solutions. This provides an opportunity for companies that offer cloud-based tax compliance solutions to tap into this growing market.
  2. Artificial Intelligence and Machine Learning: AI and ML are increasingly being used in tax compliance solutions to automate routine tasks and improve accuracy. Companies that can leverage AI and ML in their tax compliance solutions can differentiate themselves in the market and offer a competitive advantage to their customers.
  3. Global Tax Compliance: As businesses expand globally, there is a growing need for tax compliance solutions that can handle multiple tax jurisdictions and compliance requirements. Companies that can provide global tax compliance solutions can tap into this growing market and provide a competitive advantage to their customers.
  4. Integrated Tax and Accounting Solutions: There is a growing trend towards integrated tax and accounting solutions that can help businesses streamline their financial management processes. Companies that can offer integrated tax and accounting solutions can tap into this growing market and provide a competitive advantage to their customers.
  5. Blockchain-Based Solutions: Blockchain technology has the potential to revolutionize the tax compliance industry by providing a high level of security, transparency, and immutability. Companies that can offer blockchain-based tax compliance solutions can tap into this emerging market and provide a competitive advantage to their customers.

Key Challenges for Growing Tax Compliance Solutions Business in the Future

  1. Increasing Competition: As the market for tax compliance solutions continues to grow, there will be increased competition among providers, which could lead to price pressure and decreased profit margins. Companies will need to differentiate themselves through innovative solutions, superior customer service, and strategic partnerships.
  2. Evolving Regulatory Landscape: Tax regulations are constantly evolving, with new laws and regulations being introduced at the local, state, and federal levels. Companies will need to stay up-to-date with the latest regulations and adapt their solutions accordingly to remain compliant and competitive.
  3. Cybersecurity Risks: Tax compliance solutions often involve handling sensitive financial and personal data, which makes them a target for cybercriminals. Companies will need to invest in robust cybersecurity measures to protect their customers' data and ensure compliance with data privacy regulations.
  4. Integration with Legacy Systems: Many businesses still rely on legacy systems for their tax compliance processes, which can make it challenging to integrate new tax compliance solutions. Companies will need to invest in seamless integration capabilities to make their solutions compatible with existing systems.
  5. Change Management: Implementing new tax compliance solutions can be disruptive to a business's existing processes and workflows. Companies will need to invest in change management strategies to ensure a smooth transition and minimize the risk of business interruption.

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Report Code
TC 7531
Published ON
Jan, 2023
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