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Tax Automation Software Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: August, 2022
No of Pages: 168
Delivery Format: PDF+ Excel

$2,950.00

The global tax automation software market reached a value of US$ 12.1 Billion in 2020. Looking forward, MWR expects the market to grow at a CAGR of 11.2% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Tax software stands for a type of computer software designed to aid individuals or businesses in preparing and filing income, corporate, and similar tax returns. It facilitates the tax filing process by guiding the customer through tax forms and tasks as well as automatically determining the tax obligations of an individual or a company. The software is based on real-time information and reliable forecasting, thereby minimizing the risks associated with tax amendments.

Over the years, regulatory ecosystems have evolved exponentially. Owing to the increasing complexity, tax automation software has become a significant platform for automatic tax filing and data exchange between various authorities in different nations due to the advanced features offered by these solutions. For instance, these solutions are of great assistance in the banking and insurance industry as they offer automation of reports and analysis, reduction of errors, and integration with other systems, such as online banking and e-filing. These attributes of tax automation software have led to an increasing receptiveness by organizations to transform their tax tasks, thereby imparting a positive impact on the growth of the market. Vendors across various industries, such as banking and finance, healthcare, social networks, and transport, are investing in advanced technologies to develop smarter and more integrated solutions.

Key Market Segmentation:

MWR provides an analysis of the key trends in each sub-segment of the global tax automation software market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on product type, tax type, software deployment type and end-use industry.

Breakup by Product Type:

  • Web Software
  • Mobile Software

Breakup by Tax Type:

  • Sales Tax
  • Income Tax
  • Others

Breakup by Software Deployment Type:

  • On-Premise
  • Cloud

Breakup by End-Use Industry:

  • Banking, Financial Services, and Insurance (BFSI)
  • Healthcare
  • Retail, IT & Telecom
  • Energy and Utilities
  • Others

Breakup by Region:

  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
    • Chile
    • Peru
    • Others
  • Middle East and Africa
    • Turkey
    • Saudi Arabia
    • Iran
    • United Arab Emirates
    • Others

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being ADP LLC., Blucora Inc., Chetu Inc., Intuit Inc., Drake Software, Thomson Reuters Corporation, Vertex Inc., Wolters Kluwer N.V. (Kluwer Publishers and Wolters Samsom), Xero Limited, Sage, Avalara, etc.

Report Coverage:

Report FeaturesDetails
Base Year of the Analysis2021
Historical Period2017-2021
Forecast Period2022-2030
UnitsUS$ Billion
Segment CoverageProduct Type, Tax Type, Software Deployment Type, End-Use Industry, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries CoveredChina, Japan, India, South Korea, Australia, Indonesia, United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, Brazil, Mexico, Argentina, Colombia, Chile, Peru, Turkey, Saudi Arabia, Iran, United Arab Emirates
Companies CoveredADP LLC., Blucora Inc., Chetu Inc., Intuit Inc., Drake Software, Thomson Reuters Corporation, Vertex Inc., Wolters Kluwer N.V. (Kluwer Publishers and Wolters Samsom), Xero Limited, Sage and Avalara

 

Table of Contents

1    Preface
2    Scope and Methodology

2.1    Objectives of the Study
2.2    Stakeholders
2.3    Data Sources
2.3.1    Primary Sources
2.3.2    Secondary Sources
2.4    Market Estimation
2.4.1    Bottom-Up Approach
2.4.2    Top-Down Approach
2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

4.1    Overview
4.2    Key Industry Trends
5    Global Tax Automation Software Market
5.1    Market Overview
5.2    Market Performance
5.3    Impact of COVID-19
5.4    Market Forecast
6    Market Breakup by Product Type
6.1    Web Software
6.1.1    Market Trends
6.1.2    Market Forecast
6.2    Mobile Software
6.2.1    Market Trends
6.2.2    Market Forecast
7    Market Breakup by Tax Type
7.1    Sales Tax
7.1.1    Market Trends
7.1.2    Market Forecast
7.2    Income Tax
7.2.1    Market Trends
7.2.2    Market Forecast
7.3    Others
7.3.1    Market Trends
7.3.2    Market Forecast
8    Market Breakup by Software Deployment Type
8.1    On-Premise
8.1.1    Market Trends
8.1.2    Market Forecast
8.2    Cloud
8.2.1    Market Trends
8.2.2    Market Forecast
9    Market Breakup by End-Use Industry
9.1    Banking, Financial Service and Insurance
9.1.1    Market Trends
9.1.2    Market Forecast
9.2    Healthcare
9.2.1    Market Trends
9.2.1    Market Forecast
9.3    Retail, IT and Telecom
9.3.1    Market Trends
9.3.2    Market Forecast
9.4    Energy and Utilities
9.4.1    Market Trends
9.4.2    Market Forecast
9.5    Others
9.5.1    Market Trends
9.5.2    Market Forecast
10    Market Breakup by Region
10.1    Asia Pacific
10.1.1    China
10.1.1.1    Market Trends
10.1.1.2    Market Forecast
10.1.2    Japan
10.1.2.1    Market Trends
10.1.2.2    Market Forecast
10.1.3    India
10.1.3.1    Market Trends
10.1.3.2    Market Forecast
10.1.4    South Korea
10.1.4.1    Market Trends
10.1.4.2    Market Forecast
10.1.5    Australia
10.1.5.1    Market Trends
10.1.5.2    Market Forecast
10.1.6    Indonesia
10.1.6.1    Market Trends
10.1.6.2    Market Forecast
10.1.7    Others
10.1.7.1    Market Trends
10.1.7.2    Market Forecast
10.2    North America
10.2.1    United States
10.2.1.1    Market Trends
10.2.1.2    Market Forecast
10.2.2    Canada
10.2.2.1    Market Trends
10.2.2.2    Market Forecast
10.3    Europe
10.3.1    Germany
10.3.1.1    Market Trends
10.3.1.2    Market Forecast
10.3.2    France
10.3.2.1    Market Trends
10.3.2.2    Market Forecast
10.3.3    United Kingdom
10.3.3.1    Market Trends
10.3.3.2    Market Forecast
10.3.4    Italy
10.3.4.1    Market Trends
10.2.4.2    Market Forecast
10.3.5    Spain
10.3.5.1    Market Trends
10.3.5.2    Market Forecast
10.3.6    Russia
10.3.6.1    Market Trends
10.3.6.2    Market Forecast
10.3.7    Others
10.3.7.1    Market Trends
10.3.7.2    Market Forecast
10.4    Latin America
10.4.1    Brazil
10.4.1.1    Market Trends
10.4.1.2    Market Forecast
10.4.2    Mexico
10.4.2.1    Market Trends
10.4.2.2    Market Forecast
10.4.3    Argentina
10.4.3.1    Market Trends
10.4.3.2    Market Forecast
10.4.4    Colombia
10.4.4.1    Market Trends
10.4.4.2    Market Forecast
10.4.5    Chile
10.4.5.1    Market Trends
10.4.5.2    Market Forecast
10.4.6    Peru
10.4.6.1    Market Trends
10.4.6.2    Market Forecast
10.4.7    Others
10.4.7.1    Market Trends
10.4.7.2    Market Forecast
10.5    Middle East and Africa
10.5.1    Turkey
10.5.1.1    Market Trends
10.5.1.2    Market Forecast
10.5.2    Saudi Arabia
10.5.2.1    Market Trends
10.5.2.2    Market Forecast
10.5.3    Iran
10.5.3.1    Market Trends
10.5.3.2    Market Forecast
10.5.4    United Arab Emirates
10.5.4.1    Market Trends
10.5.4.2    Market Forecast
10.5.5    Others
10.5.5.1    Market Trends
10.5.5.2    Market Forecast
11    SWOT Analysis
11.1    Overview
11.2    Strengths
11.3    Weaknesses
11.4    Opportunities
11.5    Threats
12    Value Chain Analysis
13    Porter’s Five Forces Analysis

13.1    Overview
13.2    Bargaining Power of Buyers
13.3    Bargaining Power of Suppliers
13.4    Degree of Competition
13.5    Threat of New Entrants
13.6    Threat of Substitutes
14    Competitive Landscape
14.1    Market Structure
14.2    Key Players
14.3    Profiles of Key Players
14.3.1    ADP LLC.
14.3.2    Avalara
14.3.3    Blucora Inc.
14.3.4    Chetu Inc.
14.3.5    Intuit Inc.
14.3.6    Drake Software
14.3.7    Sage
14.3.8    Thomson Reuters Corporation
14.3.9    Vertex Inc.
14.3.10    Wolters Kluwer N.V. (Kluwer Publishers and Wolters Samsom)
14.3.11    Xero Limited

Major Companies

  • ADP LLC.,
  • Blucora Inc.,
  • Chetu Inc.,
  • Intuit Inc.,
  • Drake Software,
  • Thomson Reuters Corporation,
  • Vertex Inc.,
  • Wolters Kluwer N.V.
  • (Kluwer Publishers and Wolters Samsom),
  • Xero Limited,
  • Sage and Avalara

Segmentation

Breakup by Product Type:

  • Web Software
  • Mobile Software

Breakup by Tax Type:

  • Sales Tax
  • Income Tax
  • Others

Breakup by Software Deployment Type:

  • On-Premise
  • Cloud

Breakup by End-Use Industry:

  • Banking, Financial Services, and Insurance (BFSI)
  • Healthcare
  • Retail, IT & Telecom
  • Energy and Utilities
  • Others

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Covid-19 Impact Analysis

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