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Tax Software Market to 2027 - Global Analysis and Forecasts by Product; Tax Type; Deployment Type; End-User; Vertical

  • ID: 5014177
  • Report
  • March 2020
  • Region: Global
  • 221 pages
  • The Insight Partners
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FEATURED COMPANIES

  • Avalara, Inc.
  • Chetu Inc.
  • Drake Software
  • H&R Block
  • Intuit Inc.
  • The Sage Group plc
  • MORE
The global tax software market accounted for US$10.9 billion in 2019 and is expected to grow at a CAGR of 11.2% during 2020–2027 to reach US$ 24.8 billion by 2027. The tax software is incorporated with various other software, such as customer relationship management (CRM), enterprise resource planning (ERP), and reporting applications; also, the tax software performs calculations and generates reports. Tax software solutions offer real-time business visibility through its easy to create reports. Wide-ranging tax reporting and analysis across several businesses are increasing swiftly. To manage all the tax-related reports, organizations are embracing tax software. Due to the growing demand for cloud-based technology in various industries, they are widely adopting cloud-based tax software as it mitigates the time to process and is also cost-effective.

The tax software market operates in a highly fragmented and competitive marketplace. As leading companies in this market continue to broaden its addressable market by expanding its current offerings and diversifying its client base, all the prominent players face an increasing level of competition, both from start-ups and established companies across the world. Several companies in the value chain are acquiring other players in the market to maintain their position in the market and provide efficient services to its customers. For instance, in September 2019, Wealthsimple Inc., a Canada-based online investment management company, acquired SimpleTax, a tax return software firm based in Canada, which is engaged in preparing and filing tax returns. Significant number of tax software providers are based in North America, mainly in the US. However, the market is penetrating at a high rate in APAC.

The key companies profiled in the tax software market include Avalara Inc.; Chetu, Inc.; Drake Software; H & R Block; Intuit Inc.; Sage Group PLC; Thomson Reuters Corporation; Vertex, Inc.; Wolters Kluwer N.V.; and Xero Limited. Several other players are also functioning in the market worldwide, contributing significant revenue shares year-on-year.

The tax software market has been segmented on the basis of business model, education level and geography. Based on of business model, the tax software market is further segmented into revenue share, hybrid, and fee for service. Based on education level, the tax software market is further segmented into under graduate, post graduate, professional certifications, and others. Geographically, the tax software market is fragmented into five regions - North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The well-established market players operating in the tax software market include 2U, Inc.; Academic Partnerships; Apollidon, Bisk Education, Inc.; Blackboard Inc.; Keypath Education; Noodle Partners; Online Education Services (OES); Pearson Education; and Wiley Education Services.

The overall global tax software market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the global tax software market. It also provides an overview and forecast for the tax software market based on all the segmentation provided for the global region. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in tax software.

Reasons to Buy:
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global tax software market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • Avalara, Inc.
  • Chetu Inc.
  • Drake Software
  • H&R Block
  • Intuit Inc.
  • The Sage Group plc
  • MORE
1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Tax Software Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Tax Software Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Digitization Fuelling Overall Growth of Tax Systems
5.1.2 Retail Sector Continue to Stimulate Tax Software Demand
5.2 Market Restraints
5.2.1 Increasing Incidences of Cyberattacks
5.3 Market Opportunities
5.3.1 Use of Blockchain Technology
5.4 Future Trends
5.4.1 Enhancing Business Processes in Various Industries
5.5 Impact Analysis of Drivers and restraints

6. Tax Software Market- Global Market Analysis
6.1 Tax Software Market Overview
6.2 Tax Software Market -Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Five Key Players

7. Tax Software Market Analysis - By Product Type
7.1 Overview
7.2 Tax Software Market Breakdown, by Product Type, 2019 & 2027
7.3 Software
7.3.1 Overview
7.3.2 Software Market Revenue and Forecast to 2027 (US$ Million)
7.4 Service
7.4.1 Overview
7.4.2 Service Market Revenue and Forecast to 2027 (US$ Million)

8. Tax Software Market Analysis - By Deployment Type
8.1 Overview
8.2 Tax Software Market Breakdown, by Deployment Type, 2019 & 2027
8.3 On-Premise
8.3.1 Overview
8.3.2 On-Premise Market Revenue and Forecast to 2027 (US$ Million)
8.4 Cloud
8.4.1 Overview
8.4.2 Cloud Market Revenue and Forecast to 2027 (US$ Million)

9. Tax Software Market Analysis - By Tax Type
9.1 Overview
9.2 Tax Software Market Breakdown, by Tax Type, 2019 & 2027
9.3 Sales Tax
9.3.1 Overview
9.3.2 Sales Tax Market Revenue and Forecast to 2027 (US$ Million)
9.4 Income Tax
9.4.1 Overview
9.4.2 Income Tax Market Revenue and Forecast to 2027 (US$ Million)
9.5 Corporate Tax
9.5.1 Overview
9.5.2 Corporate Tax Market Revenue and Forecast to 2027 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others Market Revenue and Forecast to 2027 (US$ Million)

10. Tax Software Market Analysis - By End-User
10.1 Overview
10.2 Tax Software Market Breakdown, by End-User, 2019 & 2027
10.3 Individual
10.3.1 Overview
10.3.2 Individual Market Revenue and Forecast to 2027 (US$ Million)
10.4 Commercial Enterprises
10.4.1 Overview
10.4.2 Commercial Enterprises Market Revenue and Forecast to 2027 (US$ Million)

11. Tax Software Market Analysis - By Vertical
11.1 Overview
11.2 Tax Software Market Breakdown, by Vertical, 2019 & 2027
11.3 BFSI
11.3.1 Overview
11.3.2 BFSI Market Revenue and Forecast to 2027 (US$ Million)
11.4 IT and Telecom
11.4.1 Overview
11.4.2 IT and Telecom Market Revenue and Forecast to 2027 (US$ Million)
11.5 Healthcare
11.5.1 Overview
11.5.2 Healthcare Market Revenue and Forecast to 2027 (US$ Million)
11.6 Government
11.6.1 Overview
11.6.2 Government Market Revenue and Forecast to 2027 (US$ Mn)
11.7 Retail
11.7.1 Overview
11.7.2 Retail Market Revenue and Forecast to 2027 (US$ Mn)
11.8 Others
11.8.1 Overview
11.8.2 Others Market Revenue and Forecast to 2027 (US$ Mn)

12. Tax Software Market - Geographic Analysis
12.1 Overview
12.2 North America: Tax Software Market
12.2.1 North America: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.2.2 North America: Tax Software Market, by-product Type
12.2.3 North America: Tax Software Market, by Tax Type
12.2.4 North America: Tax Software Market, by Deployment Type
12.2.5 North America: Tax Software Market, by End-User
12.2.6 North America: Tax Software Market, by Vertical
12.2.7 North America: Tax Software Market, by Key Country
12.2.7.1 US: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.2.7.1.1 US: Tax Software Market, by Product Type
12.2.7.1.2 US: Tax Software Market, by Tax Type
12.2.7.1.3 US: Tax Software Market, by Deployment Type
12.2.7.1.4 US: Tax Software Market, by End-User
12.2.7.1.5 US: Tax Software Market, by Vertical
12.2.7.2 Canada: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.2.7.2.1 Canada: Tax Software Market, by Product Type
12.2.7.2.2 Canada: Tax Software Market, by Tax Type
12.2.7.2.3 Canada: Tax Software Market, by Deployment Type
12.2.7.2.4 Canada: Tax Software Market, by End-User
12.2.7.2.5 Canada: Tax Software Market, by Vertical
12.2.7.3 Mexico: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.2.7.3.1 Mexico: Tax Software Market, by Product Type
12.2.7.3.2 Mexico: Tax Software Market, by Tax Type
12.2.7.3.3 Mexico: Tax Software Market, by Deployment Type
12.2.7.3.4 Mexico: Tax Software Market, by End-User
12.2.7.3.5 Mexico: Tax Software Market, by Vertical
12.3 Europe: Tax Software Market
12.3.1 Europe: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.3.2 Europe: Tax Software Market, by Product Type
12.3.3 Europe: Tax Software Market, by Tax Type
12.3.4 Europe: Tax Software Market, by Deployment Type
12.3.5 Europe: Tax Software Market, by End-User
12.3.6 Europe: Tax Software Market, by Vertical
12.3.7 Europe: Tax Software Market, by Key Country
12.3.7.1 Germany: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.3.7.1.1 Germany: Tax Software Market, by Product Type
12.3.7.1.2 Germany: Tax Software Market, by Tax Type
12.3.7.1.3 Germany: Tax Software Market, by Deployment Type
12.3.7.1.4 Germany: Tax Software Market, by End-User
12.3.7.1.5 Germany: Tax Software Market, by Vertical
12.3.7.2 France: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.3.7.2.1 France: Tax Software Market, by Product Type
12.3.7.2.2 France: Tax Software Market, by Tax Type
12.3.7.2.3 France: Tax Software Market, by Deployment Type
12.3.7.2.4 France: Tax Software Market, by End-User
12.3.7.2.5 France: Tax Software Market, by Vertical
12.3.7.3 Italy: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.3.7.3.1 Italy: Tax Software Market, by Product Type
12.3.7.3.2 Italy: Tax Software Market, by Tax Type
12.3.7.3.3 Italy: Tax Software Market, by Deployment Type
12.3.7.3.4 Italy: Tax Software Market, by End-User
12.3.7.3.5 Italy: Tax Software Market, by Vertical
12.3.7.4 UK: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.3.7.4.1 UK: Tax Software Market, by Product Type
12.3.7.4.2 UK: Tax Software Market, by Tax Type
12.3.7.4.3 UK: Tax Software Market, by Deployment Type
12.3.7.4.4 UK: Tax Software Market, by End-User
12.3.7.4.5 UK: Tax Software Market, by Vertical
12.3.7.5 Russia: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.3.7.5.1 Russia: Tax Software Market, by Product Type
12.3.7.5.2 Russia: Tax Software Market, by Tax Type
12.3.7.5.3 Russia: Tax Software Market, by Deployment Type
12.3.7.5.4 Russia: Tax Software Market, by End-User
12.3.7.5.5 Russia: Tax Software Market, by Vertical
12.3.7.6 Rest of Europe: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.3.7.6.1 Rest of Europe: Tax Software Market, by Product Type
12.3.7.6.2 Rest of Europe: Tax Software Market, by Tax Type
12.3.7.6.3 Rest of Europe: Tax Software Market, by Deployment Type
12.3.7.6.4 Rest of Europe: Tax Software Market, by End-User
12.3.7.6.5 Rest of Europe: Tax Software Market, by Vertical
12.4 APAC: Tax Software Market
12.4.1 APAC: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.4.2 APAC: Tax Software Market, by Product Type
12.4.3 APAC: Tax Software Market, by Tax Type
12.4.4 APAC: Tax Software Market, by Deployment Type
12.4.5 APAC: Tax Software Market, by End-User
12.4.6 APAC: Tax Software Market, by Vertical
12.4.7 APAC: Tax Software Market, by Key Country
12.4.7.1 Australia: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.4.7.1.1 Australia: Tax Software Market, by Product Type
12.4.7.1.2 Australia: Tax Software Market, by Tax Type
12.4.7.1.3 Australia: Tax Software Market, by Deployment Type
12.4.7.1.4 Australia: Tax Software Market, by End-User
12.4.7.1.5 Australia: Tax Software Market, by Vertical
12.4.7.2 China: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.4.7.2.1 China: Tax Software Market, by Product Type
12.4.7.2.2 China: Tax Software Market, by Tax Type
12.4.7.2.3 China: Tax Software Market, by Deployment Type
12.4.7.2.4 China: Tax Software Market, by End-User
12.4.7.2.5 China: Tax Software Market, by Vertical
12.4.7.3 India: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.4.7.3.1 India: Tax Software Market, by Product Type
12.4.7.3.2 India: Tax Software Market, by Tax Type
12.4.7.3.3 India: Tax Software Market, by Deployment Type
12.4.7.3.4 India: Tax Software Market, by End-User
12.4.7.3.5 India: Tax Software Market, by Vertical
12.4.7.4 Japan: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.4.7.4.1 Japan: Tax Software Market, by Product Type
12.4.7.4.2 Japan: Tax Software Market, by Tax Type
12.4.7.4.3 Japan: Tax Software Market, by Deployment Type
12.4.7.4.4 Japan: Tax Software Market, by End-User
12.4.7.4.5 Japan: Tax Software Market, by Vertical
12.4.7.5 South Korea: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.4.7.5.1 South Korea: Tax Software Market, by Product Type
12.4.7.5.2 South Korea: Tax Software Market, by Tax Type
12.4.7.5.3 South Korea: Tax Software Market, by Deployment Type
12.4.7.5.4 South Korea: Tax Software Market, by End-User
12.4.7.5.5 South Korea: Tax Software Market, by Vertical
12.4.7.6 Rest of APAC: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.4.7.6.1 Rest of APAC: Tax Software Market, by Product Type
12.4.7.6.2 Rest of APAC: Tax Software Market, by Tax Type
12.4.7.6.3 Rest of APAC: Tax Software Market, by Deployment Type
12.4.7.6.4 Rest of APAC: Tax Software Market, by End-User
12.4.7.6.5 Rest of APAC: Tax Software Market, by Vertical
12.5 MEA: Tax Software Market
12.5.1 MEA: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.5.2 MEA: Tax Software Market, by Product Type
12.5.3 MEA: Tax Software Market, by Tax Type
12.5.4 MEA: Tax Software Market, by Deployment Type
12.5.5 MEA: Tax Software Market, by End-User
12.5.6 MEA: Tax Software Market, by Vertical
12.5.7 MEA: Tax Software Market, by Key Country
12.5.7.1 South Africa: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.5.7.1.1 South Africa: Tax Software Market, by Product Type
12.5.7.1.2 South Africa: Tax Software Market, by Tax Type
12.5.7.1.3 South Africa: Tax Software Market, by Deployment Type
12.5.7.1.4 South Africa: Tax Software Market, by End-User
12.5.7.1.5 South Africa: Tax Software Market, by Vertical
12.5.7.2 Saudi Arabia: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.5.7.2.1 Saudi Arabia: Tax Software Market, by Product Type
12.5.7.2.2 Saudi Arabia: Tax Software Market, by Tax Type
12.5.7.2.3 Saudi Arabia: Tax Software Market, by Deployment Type
12.5.7.2.4 Saudi Arabia: Tax Software Market, by End-User
12.5.7.2.5 Saudi Arabia: Tax Software Market, by Vertical
12.5.7.3 UAE: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.5.7.3.1 UAE: Tax Software Market, by Product Type
12.5.7.3.2 UAE: Tax Software Market, by Tax Type
12.5.7.3.3 UAE: Tax Software Market, by Deployment Type
12.5.7.3.4 UAE: Tax Software Market, by End-User
12.5.7.3.5 UAE: Tax Software Market, by Vertical
12.5.7.4 Rest of MEA: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.5.7.4.1 Rest of MEA: Tax Software Market, by Product Type
12.5.7.4.2 Rest of MEA: Tax Software Market, by Tax Type
12.5.7.4.3 Rest of MEA: Tax Software Market, by Deployment Type
12.5.7.4.4 Rest of MEA: Tax Software Market, by End-User
12.5.7.4.5 Rest of MEA: Tax Software Market, by Vertical
12.6 SAM: Tax Software Market
12.6.1 SAM: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.6.2 SAM: Tax Software Market, by Product Type
12.6.3 SAM: Tax Software Market, by Tax Type
12.6.4 SAM: Tax Software Market, by Deployment Type
12.6.5 SAM: Tax Software Market, by End-User
12.6.6 SAM: Tax Software Market, by Vertical
12.6.7 SAM: Tax Software Market, by Key Country
12.6.7.1 Brazil: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.6.7.1.1 Brazil: Tax Software Market, by Product Type
12.6.7.1.2 Brazil: Tax Software Market, by Tax Type
12.6.7.1.3 Brazil: Tax Software Market, by Deployment Type
12.6.7.1.4 Brazil: Tax Software Market, by End-User
12.6.7.1.5 Brazil: Tax Software Market, by Vertical
12.6.7.2 Argentina: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.6.7.2.1 Argentina: Tax Software Market, by Product Type
12.6.7.2.2 Argentina: Tax Software Market, by Tax Type
12.6.7.2.3 Argentina: Tax Software Market, by Deployment Type
12.6.7.2.4 Argentina: Tax Software Market, by End-User
12.6.7.2.5 Argentina: Tax Software Market, by Vertical
12.6.7.3 Rest of SAM: Tax Software Market - Revenue and Forecast to 2027 (US$ Million)
12.6.7.3.1 Rest of SAM: Tax Software Market, by Product Type
12.6.7.3.2 Rest of SAM: Tax Software Market, by Tax Type
12.6.7.3.3 Rest of SAM: Tax Software Market, by Deployment Type
12.6.7.3.4 Rest of SAM: Tax Software Market, by End-User
12.6.7.3.5 Rest of SAM: Tax Software Market, by Vertical

13. Industry Landscape
13.1 Overview
13.2 Strategy and Business Planning
13.3 Product News

14. Impact of COVID-19 Pandemic on Global Tax Software Market
14.1 North America: Impact assessment of COVID-19 Pandemic
14.2 Europe: Impact assessment of COVID-19 Pandemic
14.3 APAC: Impact assessment of COVID-19 Pandemic
14.4 Middle East & Africa: Impact assessment of COVID-19 Pandemic
14.5 SAM: Impact assessment of COVID-19 Pandemic

15. Company Profiles
15.1 Avalara, Inc.
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 The Sage Group plc
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 Thomson Reuters Corporation
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 Vertex, Inc.
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 Wolters Kluwer (cch incorporated)
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Xero Limited
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 Chetu Inc.
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 SWOT Analysis
15.7.5 Key Developments
15.8 Drake Software
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and Services
15.8.4 SWOT Analysis
15.9 H & R Block
15.9.1 Key Facts
15.9.2 Business Description
15.9.3 Products and Services
15.9.4 Financial Overview
15.9.5 SWOT Analysis
15.10 Intuit Inc.
15.10.1 Key Facts
15.10.2 Business Description
15.10.3 Products and Services
15.10.4 Financial Overview
15.10.5 SWOT Analysis
15.10.6 Key Developments

16. Appendix
16.1 About the Publisher
16.2 Appendix
Note: Product cover images may vary from those shown
3 of 3
  • Avalara, Inc.
  • The Sage Group plc
  • Thomson Reuters Corporation
  • Vertex, Inc.
  • Wolters Kluwer (cch incorporated)
  • Xero Limited
  • Chetu Inc.
  • Drake Software
  • H&R Block
  • Intuit Inc.
Note: Product cover images may vary from those shown
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