Tax Management Market: Industry Analysis and Forecast (2021-2027) Avalara, ADP

Tax Management Market

The Tax Management Market Research Report assesses the global Tax Management Marketplace industry market. It includes sales and capacity forecasts for 2021-2028. This report highlights the key factors that are driving industry growth. For a better understanding of the Tax Management market, the report splits it into broad categories, such as forms and applications, end-user, technology, etc. These segments are examined carefully to provide a greater understanding of global and regional markets. The report includes details of key industry players such as company overviews, product portfolios, growth strategies, revenue generation and revenue sharing, market share and size, geographical presence and market size forecast and development.

Tax Management Market size was valued at US$ 15.5 Bn. in 2019 and the total revenue is expected to grow at 11.3 % through 2021 to 2027, reaching nearly US$ 36.5 Bn.

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The market segments and sub-segments have been thoroughly researched and the report has determined which market segment is likely to dominate the market in the future. This report includes detailed information on regional market performance and competitive analysis in order to assist clients in making informed decisions about their investments in the Tax Management market.

The report includes extensive analysis of market leaders, their business overview, expansion plans and strategies. The report covers the following:

• Avalara


• Automatic Data Processing

• Wolters Kluwer N.V

• Thomson Reuters

• Intuit

• H&R Block


• Blucora

• Sovos Compliance

• Vertex

• Sailotech

• Defmacro Software

• DAVO Technologies

• Xero

• TaxSlayer

• Taxback International

• TaxCloud

• Drake Enterprises

• Canopy Tax

• TaxJar

Tax Management Market Segmentation

On the basis of Component, the global tax management market is sub-segmented into Software, Services. The software segment held the largest market share of xx% in 2020. Tax management software makes it easier for businesses of all sizes to complete their tax filings. The programme ensures that tax compliance with local accounting laws and standards is automated. To keep up with quickly changing legislative restrictions and fluctuations in product taxability, businesses all over the world have begun to implement tax administration software.

The service segment is expected to grow at CAGR of xx% during the forecast period, owing to the rising need for services related to tax management software like installation, support, maintenance training, and others.

On the basis of Tax Type, the global tax management market is sub-segmented into Indirect Tax, Direct Tax. The indirect tax segment held the largest market share of xx% in 2020. Indirect taxes are collected on goods and services that are manufactured or sold. These taxes are paid to the government through a middleman. By adding the amount of tax paid to the value of products and services, indirect taxes are passed on to the end consumer. Excise duty, sales tax, customs duty, entertainment tax, service tax, and VAT are some of the indirect taxes that are examined (VAT). Because indirect taxes are paid more frequently than direct taxes, specialized software is required for faster and more accurate calculations.

On the basis of deployment, the global tax management market is sub-segmented into Cloud, On-premises. The cloud segment held the largest market share of xx% in 2020. To boost mobility and decentralize data storage and computation, businesses prefer to employ tax management solutions in the cloud. The uptake of cloud services is hampered by security concerns. However, this problem is gradually being resolved as a result of third-party security testing that meets the highest standards. Rapid improvements in cloud technology, with security as a top focus, as well as rising support and maintenance expenses for on-premises solutions are driving the growth of cloud-based tax management software.

On the basis of end-user, the global tax management market is sub-segmented into BFSI, IT and Telecom, Manufacturing, Energy and Utilities, Retail, Healthcare and Life Sciences, Media and Entertainment, Others. The BFSI segment held largest share of xx% in 2020. The BFSI industry's growth is expected to be fuelled by greater digital transformation and an increase in the number of clients using financial services. Another important element driving tax management software used in the BFSI industry is the growing volume of financial transactions around the world.

The manufacturing segment held the market share of 17% in 2020. In the manufacturing industry, tax management software is widely utilized to successfully store, search, and distribute digital assets. Asset management and collaboration within and outside the organization are made easier with these solutions. Tax management software is being used by manufacturers to increase operating capital and improve supply chain management, which is expected to drive growth.


For years 2021-2028, market size available

Considered the base year for 2021

Historical data 2015-2020

Forecast Period 2021-2028

Segments covered Types, Applications and End-Users.

Report Coverage Revenue Forecast, Company ranking, Competitive Landscape and Growth Factors and market trends

Regional Scope North America. Europe, Asia Pacific. Latin America. Middle East and Africa.

You can customize your report for free when you purchase. Modification or addition to the country, regional and segment scope.

Pricing and purchase options. You can get a customized purchase option to suit your specific research needs. Check out your purchase options

Geographic Segment Covered by the Report

The Tax Management Report provides market information, which is further sub-divided into regions and countries. This report includes information on profit potentials, in addition to market share data for each country. This section includes information about the market share, growth rate and economic opportunities for each region, sub-region and countries in the period.

Middle East and Africa (GCC Countries & Egypt)

North America (The United States and Canada).

South America (Brazil etc.)

Europe (Turkey, Germany, Russia UK, Italy, France, etc.)

Asia-Pacific (Vietnam. China. Malaysia. Japan. Philippines. Korea. Thailand. India. Indonesia.

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