The Business Research Company Global Tax Management Software Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, UK, October 5, 2022 /EINPresswire.com/ — According to the ‘Tax Management Software Global Market Report 2022’ published by The Business Research Company, the tax management software market size is expected to grow from $15.66 billion in 2021 to $18.25 billion in 2022 at a compound annual growth rate (CAGR) of 16.5%. The global tax management software market size is expected to reach USD 30.47 billion in 2026 with a CAGR of 13.7%. An increase in online digital transactions is expected to propel the growth of the tax management software market in the future.
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The global tax management software market includes sales tax management software by entities (organizations, individual merchants, and partnerships) that are used to assist in the control and mitigation of tax-related transactions. Tax management software provides centralized tax setup, management, and reporting for businesses. It is used in conjunction with other financial modules that consolidate tax information from all financial documents into a single repository and generate tax reports. It also interacts with financial management modules, allowing it to correctly calculate taxes on each transaction.
Global Tax Management Software Market Trends
Technological advancement is a key trend gaining popularity in the tax management software market. Major companies operating in the tax management software industry are focusing on developing technologically advanced products to strengthen their position in the market.
Segments of the global tax management software market
The global tax management software market is segmented:
By component: software, professional services
By type of tax: Direct taxes, Indirect taxes
By deployment mode: on-premises, cloud
By company size: large companies, small and medium-sized enterprises (SMEs)
By vertical: BFSI, Healthcare, Retail, Manufacturing, Energy & Utilities, Other
By Geography: The global tax management software market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East & Africa. Of these regions, North America accounts for the largest share.
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The Global Tax Management Software Market Report 2022 is part of a series of new reports from The Business Research Company that provides global tax management software market overviews, size and forecast analysis and forecasts. market growth for the global tax management software market, the global tax management software market share, tax management software market segments and geographies, global tax management software market trends, global market players tax management software, revenue, profiles and market shares of the main competitors in the global tax management software market. The Global Tax Management Software Market research report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
TBRC’s Global Tax Management Software Market 2022 report includes information on the following:
Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Major Market Players: Avalara Inc, Outright, Shoeboxed, SAXTAX, H&R Block Inc, CrowdReason LLC, Drake Software, Taxify, Beanstalk, Blucora Inc, TaxSlayer LLC, Wolters Kluwer NV, Intuit Inc, Sovos Compliance LLC and Sailotech.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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