The Tax Management Software Market was estimated to be worth USD 20.12 billion in 2022 and is projected to reach USD 48.51 billion by 2030, with growing at a CAGR of 11.63% from 2023 to 2030.
The exponential growth of financial transaction data generated by businesses is driving the expansion of the tax management software industry. This prevailing trend has prompted the adoption of cutting-edge technology for the development and administration of audit findings, tax returns, and payments. A multitude of organizations and fintech startups have come to acknowledge the criticality of automating tax compliance, leading to a surge in the demand for these software programs. Moreover, the intricate nature of the existing taxation system, combined with the remarkable growth of digital payments, has opened up a plethora of opportunities for leading suppliers to broaden their range of products and services.
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Drivers
Automated compliance reduces the load on tax administration while also driving the total market.
To drive market growth, there is a need for an automated solution to manage large amounts of transactional data.
Growing Interest in a Centralized Taxation System to Aid Economic Development and Product Demand
Transparency improves compliance and optimizes tax tactics. The danger is reduced through automation, and high-quality tax data is captured in the system. Standardizing tax compliance processes allows for worldwide operations to be scaled, risk to be minimized, tax responsibilities to be met with less effort, and compliance costs to be reduced. Tax management efficiency may be achieved by removing workarounds and offline data reconciliations or manipulations, enhancing openness for tax audits, and automating compliance chores using AI and ML.
Restrains
Increasing reliance on electronic communication and payment methods Creating Data Security Concerns Could Slow Industry Growth
VAT design limitations and administrative adjustments as a setback for the tax management market.
Electronic communication technologies may have a number of risks. These flaws include sensitive information sharing, data and security breaches, identity theft, and other cyberattack platforms. Nonetheless, the hazard in tax management is high because of the valuable and sensitive character of the information. Sensitive data is frequently housed outside of banks, such as on-cloud and databases, allowing hackers to steal important firm data and use it to engage in illegal trade, including the submission of bogus tax returns. Similarly, fraudsters target tax professionals because they hold client information such as names, residences, dates of birth, and access to bank accounts. This might stymie the growth of the tax management software market.
Opportunities
Indirect tax management and compliance provide a considerable possibility for business expansion.
Challenges
The existing tax management sector is hampered by the lack of standardized tax standards.
The ongoing conflict may have caused economic instability in the region, affecting businesses' operations and investment decisions. Uncertainty and geopolitical risks might lead some companies to postpone investments, including software upgrades like tax management solutions. During periods of heightened geopolitical tensions, currencies in the region might have experienced fluctuations. This could impact the cost of software imports and influence businesses' decisions to invest in technology solutions like tax management software. The conflict might have led to changes in tax regulations and reporting requirements in both Russia and Ukraine. Businesses operating in these countries or dealing with cross-border transactions might have faced challenges in managing their tax obligations, potentially increasing the demand for advanced tax management software. International sanctions imposed on Russia due to its actions in Ukraine could have affected the overall business climate in the region. Companies in Russia and those with significant business ties to Russia may have encountered restrictions on technology imports and faced challenges in accessing foreign software solutions.
Some software vendors might have found opportunities to help businesses navigate the complexities of tax management during the geopolitical crisis. On the other hand, others may have faced difficulties expanding their market presence in the region due to economic uncertainties.
Impact of Recession
During an economic recession, businesses and individuals tend to face financial challenges. This can lead to changes in their spending patterns and investment decisions. As a result, the Tax Management Software Market may experience both positive and negative impacts
Negative Impact:
During a recession, businesses often cut costs to weather the economic downturn. This could lead to decreased spending on software, including tax management software, as companies prioritize essential expenditures. In a recession, some companies may scale back on their operations, leading to decreased demand for advanced or high-end tax management software. Businesses may opt for cheaper or less comprehensive alternatives to save on expenses. Organizations may postpone their plans to upgrade or invest in new tax management software due to economic uncertainty, which could negatively affect software sales in the short term. During economic downturns, small and medium-sized companies (SMBs) are particularly susceptible. They may face financial constraints that could lead to reduced spending on software, including tax management tools.
Positive Impact:
Governments may introduce tax incentives or compliance measures during a recession to support businesses and individuals. This could drive increased demand for tax management software to ensure accurate reporting and compliance with changing regulations. In challenging economic times, companies strive to streamline their operations and improve efficiency. Tax management software can help automate processes, reduce errors, and save time, making it a more attractive option for cost-conscious businesses. Governments might implement changes to tax policies during recessions to stimulate economic growth. This could lead to an increased need for tax management software to navigate and adjust to new regulations.
By Components
Software
Services
By Enterprise Size
Large Enterprises
SMEs
By Deployment
On-premise
Cloud
By Tax Type
Indirect Tax
Direct Tax
By Vertical
BFSI
IT & Telecommunication
Healthcare
Retail
Manufacturing
Energy and Utilities
Hospitality
Others
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During the forecast period, North America is likely to be the largest contributor to the worldwide tax management market. The United States and Canada are likely to provide the most income to the North American tax management industry. Adoption of tax management systems provides advantages such as lower deductible amounts, simple tax computations, time savings, automatic tax filing, and a reduction in the number of mistakes. When compared to other nations throughout the world, the developed economies of North America have seen a stronger adoption of tax management systems. Avalara, ADP, Intuit, and H&R Block are the primary tax management suppliers in North America. They have used many business strategies to grow their global footprint in the tax management industry and strengthen their existing product portfolios.
In the upcoming years, the Asia Pacific market is expected to increase at a modest rate. Tax changes and the frequency of tax audits will be prioritized by governments in this area in order to safeguard their tax base. This will make it easier to meet the need for strong tax-reporting solutions. As a result, the region's need for tax management software is likely to rise. The ever-changing taxation climate has also made it critical for tax authorities and payers in the Asia Pacific to be knowledgeable about variables impacting the company's tax responsibilities.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major players are Avalara, Thomson Reuters, Wolters Kluwer NV, H&R Block, Automatic Data Processing, Intuit, Vertex, SAP SE, TaxSlayer, Blucora, DAVO Technologies, Sovos Compliance, Sailotech, Defmacro Software, Xero, Taxback International, TaxCloud, Drake Enterprises, Canopy Tax, TaxJar, EXEMPTAX, Webgility, and others
In February 2023, Intuit Turbotax announced a partnership with Asure Software Inc., a supplier of small company HR and payroll solutions. The collaboration would simplify the employee's tax filing process by eliminating mistakes, saving time, and speeding up tax refunds.
February 2023 - Avalara, Inc., a leader in cloud-based tax management software, released "Avalara Property Tax," a new automated property tax compliance solution for businesses and accountants that helps to manage property tax compliance by decreasing mistakes through automation.
In November 2022, Intuit will have led its scaled innovation for consumers and small companies, as well as accelerate time to market for new goods and services using its AI-driven Virtual Expert Platform. Customers will receive automated digital support using its AI-enabled platform, which combines Intuit's AI technology and its network of professionals, as well as the software that links them—via its TurboTax Live and QuickBooks Live products.
Intuit will join forces with Ignition in September 2022. This collaboration is intended to improve the professional services experience for both specialists and the general public. Ignition's Tax Planning and Advisory Proposal templates combine and expand on Intuit's recently introduced Intuit Tax Advisor, which easily connects with Lacerte and ProConnect Tax software to give accounting professionals automated tax insights and solutions.
| Report Attributes | Details |
| Market Size in 2022 | US$ 20.12 Bn |
| Market Size by 2030 | US$ 48.51 Bn |
| CAGR | CAGR of 11.63% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Components (Software, Services) • By Enterprise Size (Large Enterprises, SMEs) • By Deployment (On-premise, Cloud) • By Tax Type (Indirect Tax, Direct Tax) • By Vertical (BFSI, IT & Telecommunication, Healthcare, Retail, Manufacturing, Energy and Utilities, Hospitality, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Avalara, Thomson Reuters, Wolters Kluwer NV, H&R Block, Automatic Data Processing, Intuit, Vertex, SAP SE, TaxSlayer, Blucora, DAVO Technologies, Sovos Compliance, Sailotech, Defmacro Software, Xero, Taxback International, TaxCloud, Drake Enterprises, Canopy Tax, TaxJar, EXEMPTAX, Webgility |
| Key Drivers | • Automated compliance reduces the load on tax administration while also driving the total market. • To drive market growth, there is a need for an automated solution to manage large amounts of transactional data. • Growing Interest in a Centralized Taxation System to Aid Economic Development and Product Demand |
| Market Restraints | • Increasing reliance on electronic communication and payment methods Creating Data Security Concerns Could Slow Industry Growth • VAT design limitations and administrative adjustments as a setback for the tax management market. |
Ans. The CAGR of the Tax Management Software Market for the forecast period 2022-2030 is 11.63 %.
Ans. The major players are Avalara, Thomson Reuters, Wolters Kluwer NV, H&R Block, Automatic Data Processing, Intuit, Vertex, SAP SE, TaxSlayer, Blucora, DAVO Technologies, Sovos Compliance, Sailotech, Defmacro Software, Xero, Taxback International, TaxCloud, Drake Enterprises, Canopy Tax, TaxJar, EXEMPTAX, Webgility, and others.
Ans: The market is expected to grow to USD 48.51 billion by the forecast period of 2030.
Ans:
• Automated compliance reduces the load on tax administration while also driving the total market.
• To drive market growth, there is a need for an automated solution to manage large amounts of transactional data.
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Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Tax Management Software Market Segmentation, By Component
8.1 Software
8.2 Services
9. Tax Management Software Market Segmentation, By Enterprise Size
9.1 Large Enterprises
9.2 Small and medium-sized enterprises (SMEs)
10. Tax Management Software Market Segmentation, By Deployment
10.1 On-premise
10.2 Cloud
11. Tax Management Software Market Segmentation, By Tax Type
11.1 Indirect Tax
11.2 Direct Tax
12. Tax Management Software Market Segmentation, By Vertical
12.1 BFSI
12.2 IT & Telecommunication
12.3 Healthcare
12.4 Retail
12.5 Manufacturing
12.6 Energy and Utilities
12.7 Hospitality
12.8 Others
13 Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 North America Tax Management Software Market By Country
13.2.2 North America Tax Management Software Market By Component
13.2.3 North America Tax Management Software Market By Enterprise Size
13.2.4 North America Tax Management Software Market By Deployment
13.2.5 North America Tax Management Software Market By Tax Type
13.2.6 North America Tax Management Software Market By Vertical
13.2.7 USA
13.2.7.1 USA Tax Management Software Market By Component
13.2.7.2 USA Tax Management Software Market By Enterprise Size
13.2.7.3 USA Tax Management Software Market By Deployment
13.2.7.4 USA Tax Management Software Market By Tax Type
13.2.7.5 USA Tax Management Software Market By Vertical
13.2.8 Canada
13.2.8.1 Canada Tax Management Software Market By Component
13.2.8.2 Canada Tax Management Software Market By Enterprise Size
13.2.8.3 Canada Tax Management Software Market By Deployment
13.2.8.4 Canada Tax Management Software Market By Tax Type
13.2.8.5 Canada Tax Management Software Market By Vertical
13.2.9 Mexico
13.2.9.1 Mexico Tax Management Software Market By Component
13.2.9.2 Mexico Tax Management Software Market By Enterprise Size
13.2.9.3 Mexico Tax Management Software Market By Deployment
13.2.9.4 Mexico Tax Management Software Market By Tax Type
13.2.9.5 Mexico Tax Management Software Market By Vertical
13.3 Europe
13.3.1 Eastern Europe
13.3.1.1 Eastern Europe Tax Management Software Market By Country
13.3.1.2 Eastern Europe Tax Management Software Market By Component
13.3.1.3 Eastern Europe Tax Management Software Market By Enterprise Size
13.3.1.4 Eastern Europe Tax Management Software Market By Deployment
13.3.1.5 Eastern Europe Tax Management Software Market By Tax Type
13.3.1.6 Eastern Europe Tax Management Software Market By Vertical
13.3.1.7 Poland
13.3.1.7.1 Poland Tax Management Software Market By Component
13.3.1.7.2 Poland Tax Management Software Market By Enterprise Size
13.3.1.7.3 Poland Tax Management Software Market By Deployment
13.3.1.7.4 Poland Tax Management Software Market By Tax Type
13.3.1.7.5 Poland Tax Management Software Market By Vertical
13.3.1.8 Romania
13.3.1.8.1 Romania Tax Management Software Market By Component
13.3.1.8.2 Romania Tax Management Software Market By Enterprise Size
13.3.1.8.3 Romania Tax Management Software Market By Deployment
13.3.1.8.4 Romania Tax Management Software Market By Tax Type
13.3.1.8.5 Romania Tax Management Software Market By Vertical
13.3.1.9 Hungary
13.3.1.9.1 Hungary Tax Management Software Market By Component
13.3.1.9.2 Hungary Tax Management Software Market By Enterprise Size
13.3.1.9.3 Hungary Tax Management Software Market By Deployment
13.3.1.9.4 Hungary Tax Management Software Market By Tax Type
13.3.1.9.5 Hungary Tax Management Software Market By Vertical
13.3.1.10 Turkey
13.3.1.10.1 Turkey Tax Management Software Market By Component
13.3.1.10.2 Turkey Tax Management Software Market By Enterprise Size
13.3.1.10.3 Turkey Tax Management Software Market By Deployment
13.3.1.10.4 Turkey Tax Management Software Market By Tax Type
13.3.1.10.5 Turkey Tax Management Software Market By Vertical
13.3.1.11 Rest of Eastern Europe
13.3.1.11.1 Rest of Eastern Europe Tax Management Software Market By Component
13.3.1.11.2 Rest of Eastern Europe Tax Management Software Market By Enterprise Size
13.3.1.11.3 Rest of Eastern Europe Tax Management Software Market By Deployment
13.3.1.11.4 Rest of Eastern Europe Tax Management Software Market By Tax Type
13.3.1.11.5 Rest of Eastern Europe Tax Management Software Market By Vertical
13.3.2 Western Europe
13.3.2.1 Western Europe Tax Management Software Market By Country
13.3.2.2 Western Europe Tax Management Software Market By Component
13.3.2.3 Western Europe Tax Management Software Market By Enterprise Size
13.3.2.4 Western Europe Tax Management Software Market By Deployment
13.3.2.5 Western Europe Tax Management Software Market By Tax Type
13.3.2.6 Western Europe Tax Management Software Market By Vertical
13.3.2.7 Germany
13.3.2.7.1 Germany Tax Management Software Market By Component
13.3.2.7.2 Germany Tax Management Software Market By Enterprise Size
13.3.2.7.3 Germany Tax Management Software Market By Deployment
13.3.2.7.4 Germany Tax Management Software Market By Tax Type
13.3.2.7.5 Germany Tax Management Software Market By Vertical
13.3.2.8 France
13.3.2.8.1 France Tax Management Software Market By Component
13.3.2.8.2 France Tax Management Software Market By Enterprise Size
13.3.2.8.3 France Tax Management Software Market By Deployment
13.3.2.8.4 France Tax Management Software Market By Tax Type
13.3.2.8.5 France Tax Management Software Market By Vertical
13.3.2.9 UK
13.3.2.9.1 UK Tax Management Software Market By Component
13.3.2.9.2 UK Tax Management Software Market By Enterprise Size
13.3.2.9.3 UK Tax Management Software Market By Deployment
13.3.2.9.4 UK Tax Management Software Market By Tax Type
13.3.2.9.5 UK Tax Management Software Market By Vertical
13.3.2.10 Italy
13.3.2.10.1 Italy Tax Management Software Market By Component
13.3.2.10.2 Italy Tax Management Software Market By Enterprise Size
13.3.2.10.3 Italy Tax Management Software Market By Deployment
13.3.2.10.4 Italy Tax Management Software Market By Tax Type
13.3.2.10.5 Italy Tax Management Software Market By Vertical
13.3.2.11 Spain
13.3.2.11.1 Spain Tax Management Software Market By Component
13.3.2.11.2 Spain Tax Management Software Market By Enterprise Size
13.3.2.11.3 Spain Tax Management Software Market By Deployment
13.3.2.11.4 Spain Tax Management Software Market By Tax Type
13.3.2.11.5 Spain Tax Management Software Market By Vertical
13.3.2.12 The Netherlands
13.3.2.12.1 Netherlands Tax Management Software Market By Component
13.3.2.12.2 Netherlands Tax Management Software Market By Enterprise Size
13.3.2.12.3 Netherlands Tax Management Software Market By Deployment
13.3.2.12.4 Netherlands Tax Management Software Market By Tax Type
13.3.2.12.5 Netherlands Tax Management Software Market By Vertical
13.3.2.13 Switzerland
13.3.2.13.1 Switzerland Tax Management Software Market By Component
13.3.2.13.2 Switzerland Tax Management Software Market By Enterprise Size
13.3.2.13.3 Switzerland Tax Management Software Market By Deployment
13.3.2.13.4 Switzerland Tax Management Software Market By Tax Type
13.3.2.13.5 Switzerland Tax Management Software Market By Vertical
13.3.2.14 Austria
13.3.2.14.1 Austria Tax Management Software Market By Component
13.3.2.14.2 Austria Tax Management Software Market By Enterprise Size
13.3.2.14.3 Austria Tax Management Software Market By Deployment
13.3.2.14.4 Austria Tax Management Software Market By Tax Type
13.3.2.14.5 Austria Tax Management Software Market By Vertical
13.3.2.15 Rest of Western Europe
13.3.2.15.1 Rest of Western Europe Tax Management Software Market By Component
13.3.2.15.2 Rest of Western Europe Tax Management Software Market By Enterprise Size
13.3.2.15.3 Rest of Western Europe Tax Management Software Market By Deployment
13.3.2.15.4 Rest of Western Europe Tax Management Software Market By Tax Type
13.3.2.15.5 Rest of Western Europe Tax Management Software Market By Vertical
13.4 Asia-Pacific
13.4.1 Asia Pacific Tax Management Software Market By Country
13.4.2 Asia Pacific Tax Management Software Market By Component
13.4.3 Asia Pacific Tax Management Software Market By Enterprise Size
13.4.4 Asia Pacific Tax Management Software Market By Deployment
13.4.5 Asia Pacific Tax Management Software Market By Tax Type
13.4.6 Asia Pacific Tax Management Software Market By Vertical
13.4.7 China
13.4.7.1 China Tax Management Software Market By Component
13.4.7.2 China Tax Management Software Market By Enterprise Size
13.4.7.3 China Tax Management Software Market By Deployment
13.4.7.4 China Tax Management Software Market By Tax Type
13.4.7.5 China Tax Management Software Market By Vertical
13.4.8 India
13.4.8.1 India Tax Management Software Market By Component
13.4.8.2 India Tax Management Software Market By Enterprise Size
13.4.8.3 India Tax Management Software Market By Deployment
13.4.8.4 India Tax Management Software Market By Tax Type
13.4.8.5 India Tax Management Software Market By Vertical
13.4.9 Japan
13.4.9.1 Japan Tax Management Software Market By Component
13.4.9.2 Japan Tax Management Software Market By Enterprise Size
13.4.9.3 Japan Tax Management Software Market By Deployment
13.4.9.4 Japan Tax Management Software Market By Tax Type
13.4.9.5 Japan Tax Management Software Market By Vertical
13.4.10 South Korea
13.4.10.1 South Korea Tax Management Software Market By Component
13.4.10.2 South Korea Tax Management Software Market By Enterprise Size
13.4.10.3 South Korea Tax Management Software Market By Deployment
13.4.10.4 South Korea Tax Management Software Market By Tax Type
13.4.10.5 South Korea Tax Management Software Market By Vertical
13.4.11 Vietnam
13.4.11.1 Vietnam Tax Management Software Market By Component
13.4.11.2 Vietnam Tax Management Software Market By Enterprise Size
13.4.11.3 Vietnam Tax Management Software Market By Deployment
13.4.11.4 Vietnam Tax Management Software Market By Tax Type
13.4.11.5 Vietnam Tax Management Software Market By Vertical
13.4.12 Singapore
13.4.12.1 Singapore Tax Management Software Market By Component
13.4.12.2 Singapore Tax Management Software Market By Enterprise Size
13.4.12.3 Singapore Tax Management Software Market By Deployment
13.4.12.4 Singapore Tax Management Software Market By Tax Type
13.4.12.5 Singapore Tax Management Software Market By Vertical
13.4.13 Australia
13.4.13.1 Australia Tax Management Software Market By Component
13.4.13.2 Australia Tax Management Software Market By Enterprise Size
13.4.13.3 Australia Tax Management Software Market By Deployment
13.4.13.4 Australia Tax Management Software Market By Tax Type
13.4.13.5 Australia Tax Management Software Market By Vertical
13.4.14 Rest of Asia-Pacific
13.4.14.1 APAC Tax Management Software Market By Component
13.4.14.2 APAC Tax Management Software Market By Enterprise Size
13.4.14.3 APAC Tax Management Software Market By Deployment
13.4.14.4 APAC Tax Management Software Market By Tax Type
13.4.14.5 APAC Tax Management Software Market By Vertical
13.5 The Middle East & Africa
13.5.1 Middle East
13.5.1.1 Middle East Tax Management Software Market By country
13.5.1.2 Middle East Tax Management Software Market By Component
13.5.1.3 Middle East Tax Management Software Market By Enterprise Size
13.5.1.4 Middle East Tax Management Software Market By Deployment
13.5.1.5 Middle East Tax Management Software Market By Tax Type
13.5.1.6 Middle East Tax Management Software Market By Vertical
13.5.1.7 UAE
13.5.1.7.1 UAE Tax Management Software Market By Component
13.5.1.7.2 UAE Tax Management Software Market By Enterprise Size
13.5.1.7.3 UAE Tax Management Software Market By Deployment
13.5.1.7.4 UAE Tax Management Software Market By Tax Type
13.5.1.7.5 UAE Tax Management Software Market By Vertical
13.5.1.8 Egypt
13.5.1.8.1 Egypt Tax Management Software Market By Component
13.5.1.8.2 Egypt Tax Management Software Market By Enterprise Size
13.5.1.8.3 Egypt Tax Management Software Market By Deployment
13.5.1.8.4 Egypt Tax Management Software Market By Tax Type
13.5.1.8.5 Egypt Tax Management Software Market By Vertical
13.5.1.9 Saudi Arabia
13.5.1.9.1 Saudi Arabia Tax Management Software Market By Component
13.5.1.9.2 Saudi Arabia Tax Management Software Market By Enterprise Size
13.5.1.9.3 Saudi Arabia Tax Management Software Market By Deployment
13.5.1.9.4 Saudi Arabia Tax Management Software Market By Tax Type
13.5.1.9.5 Saudi Arabia Tax Management Software Market By Vertical
13.5.1.10 Qatar
13.5.1.10.1 Qatar Tax Management Software Market By Component
13.5.1.10.2 Qatar Tax Management Software Market By Enterprise Size
13.5.1.10.3 Qatar Tax Management Software Market By Deployment
13.5.1.10.4 Qatar Tax Management Software Market By Tax Type
13.5.1.10.5 Qatar Tax Management Software Market By Vertical
13.5.1.11 Rest of Middle East
13.5.1.11.1 Rest of Middle East Tax Management Software Market By Component
13.5.1.11.2 Rest of Middle East Tax Management Software Market By Enterprise Size
13.5.1.11.3 Rest of Middle East Tax Management Software Market By Deployment
13.5.1.11.4 Rest of Middle East Tax Management Software Market By Tax Type
13.5.1.11.5 Rest of Middle East Tax Management Software Market By Vertical
13.5.2 Africa
13.5.2.1 Africa Tax Management Software Market By Country
13.5.2.2 Africa Tax Management Software Market By Component
13.5.2.3 Africa Tax Management Software Market By Enterprise Size
13.5.2.4 Africa Tax Management Software Market By Deployment
13.5.2.5 Africa Tax Management Software Market By Tax Type
13.5.2.6 Africa Tax Management Software Market By Vertical
13.5.2.7 Nigeria
13.5.2.7.1 Nigeria Tax Management Software Market By Component
13.5.2.7.2 Nigeria Tax Management Software Market By Enterprise Size
13.5.2.7.3 Nigeria Tax Management Software Market By Deployment
13.5.2.7.4 Nigeria Tax Management Software Market By Tax Type
13.5.2.7.5 Nigeria Tax Management Software Market By Vertical
13.5.2.8 South Africa
13.5.2.8.1 South Africa Tax Management Software Market By Component
13.5.2.8.2 South Africa Tax Management Software Market By Enterprise Size
13.5.2.8.3 South Africa Tax Management Software Market By Deployment
13.5.2.8.4 South Africa Tax Management Software Market By Tax Type
13.5.2.8.5 South Africa Tax Management Software Market By Vertical
13.5.2.9 Rest of Africa
13.5.2.9.1 Rest of Africa Tax Management Software Market By Component
13.5.2.9.2 Rest of Africa Tax Management Software Market By Enterprise Size
13.5.2.9.3 Rest of Africa Tax Management Software Market By Deployment
13.5.2.9.4 Rest of Africa Tax Management Software Market By Tax Type
13.5.2.9.5 Rest of Africa Tax Management Software Market By Vertical
13.6 Latin America
13.6.1 Latin America Tax Management Software Market By Country
13.6.2 Latin America Tax Management Software Market By Component
13.6.3 Latin America Tax Management Software Market By Enterprise Size
13.6.4 Latin America Tax Management Software Market By Deployment
13.6.5 Latin America Tax Management Software Market By Tax Type
13.6.6 Latin America Tax Management Software Market By Vertical
13.6.7 Brazil
13.6.7.1 Brazil Tax Management Software Market By Component
13.6.7.2 Brazil Tax Management Software Market By Enterprise Size
13.6.7.3 Brazil Tax Management Software Market By Deployment
13.6.7.4 Brazil Tax Management Software Market By Tax Type
13.6.7.5 Brazil Tax Management Software Market By Vertical
13.6.8 Argentina
13.6.8.1 Argentina Tax Management Software Market By Component
13.6.8.2 Argentina Tax Management Software Market By Enterprise Size
13.6.8.3 Argentina Tax Management Software Market By Deployment
13.6.8.4 Argentina Tax Management Software Market By Tax Type
13.6.8.5 Argentina Tax Management Software Market By Vertical
13.6.9 Colombia
13.6.9.1 Colombia Tax Management Software Market By Component
13.6.9.2 Colombia Tax Management Software Market By Enterprise Size
13.6.9.3 Colombia Tax Management Software Market By Deployment
13.6.9.4 Colombia Tax Management Software Market By Tax Type
13.6.9.5 Colombia Tax Management Software Market By Vertical
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Tax Management Software Market By Component
13.6.10.2 Rest of Latin America Tax Management Software Market By Enterprise Size
13.6.10.3 Rest of Latin America Tax Management Software Market By Deployment
13.6.10.4 Rest of Latin America Tax Management Software Market By Tax Type
13.6.10.5 Rest of Latin America Tax Management Software Market By Vertical
14 Company Profile
14.1 Avalara
14.1.1 Company Overview
14.1.2 Financials
14.1.3 Product/Services/Offerings
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Thomson Reuters.
14.2.1 Company Overview
14.2.2 Financials
14.2.3 Product/Services/Offerings
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Wolters Kluwer NV.
14.3.1 Company Overview
14.3.2 Financials
14.3.3 Product/Services/Offerings
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 H&R Block.
14.4.1 Company Overview
14.4.2 Financials
14.4.3 Product/Services/Offerings
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Automatic Data Processing
14.5.1 Company Overview
14.5.2 Financials
14.5.3 Product/Services/Offerings
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Intuit.
14.6.1 Company Overview
14.6.2 Financials
14.6.3 Product/Services/Offerings
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Vertex
14.7.1 Company Overview
14.7.2 Financials
14.7.3 Product/Services/Offerings
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 SAP SE.
14.8.1 Company Overview
14.8.2 Financials
14.8.3 Product/Services/Offerings
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 TaxSlayer.
14.9.1 Company Overview
14.9.2 Financials
14.9.3 Product/Services/Offerings
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 DAVO Technologies.
14.10.1 Company Overview
14.10.2 Financials
14.10.3 Product/Services/Offerings
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. USE Cases and Best Practices
17. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Passive Authentication Market size was valued at USD 2.29 Bn in 2022 and is expected to reach USD 11.37 Bn by 2030, and grow at a CAGR of 22.14 % over the forecast period 2023-2030.
The Network Transformation Market size was valued at USD 36.81 Bn in 2022 and is expected to reach USD 560.90 Bn by 2030, and grow at a CAGR of 40.56% over the forecast period 2023-2030.
Content Delivery Network Market Size was valued at USD 21.45 Billion in 2023 and is expected to reach USD 50.41 Billion by 2031 and grow at a CAGR of 11.25 % over the forecast period 2024-2031.
The Peer-to-Peer Lending Market size was valued at USD 134.35 Bn in 2022 and is expected to reach USD 926.55 Bn by 2030, and grow at a CAGR of 27.3% over the forecast period 2023-2030.
The Location-Based Services Market size was valued at USD 23.12 billion in 2022 and is expected to grow to USD 81.85 billion By 2030 and grow at a CAGR of 17.12 % over the forecast period of 2023-2030.
The Data Integration Market size was valued at USD 13.26 Billion in 2023 and is expected to grow to USD 33.78 Billion By 2031 and grow at a CAGR of 12.4 % over the forecast period of 2024-2031.
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