Global Indirect tax management Market 2019-2025

Global Indirect tax management Market Size, Share & Trends Analysis Report by Deployment Type (Cloud-Based and On-Premises) by Vertical (Banking Financial Services and Insurance (BFSI), Information Technology (IT) and Telecom, Energy & Utilities, Healthcare & Life Science, Government, Retail and Consumer Goods, and Others) Forecast Period (2019-2025)
The global indirect tax management market is projected to witness considerable growth during the forecast period. The rising adoption of electronic accounting and the rising investments in digital solutions are the key factors to drive the indirect tax management software market. Proper tax management and compliance with the government regulations are the other major factors to promote the growth of indirect tax management solutions across the globe.

The indirect tax management market is classified on the basis of deployment type and vertical. Based on type, the market is bifurcated into cloud-based and on-premises. Based on the deployment type, the on-premises segment is estimated to hold considerable market share during the forecast period. Based on the verticals, the market is segmented into Banking Financial Services and Insurance (BFSI), Information Technology (IT) and telecom, energy & utilities, healthcare & life sciences, government, retail, and consumer goods, and others.

Geographically, the global indirect tax management market is classified into North America, Europe, Asia-Pacific, and the Rest of the World. North America is anticipated to have a significant market share in the global market. The growth of the region is being primarily driven by the well-developed IT infrastructure of the US. In addition, the presence of the high number of enterprises in the region, particularly in the US further boosts the growth of the global indirect tax management market in the region.

The global indirect tax management market is mainly influenced by product development and advancements conducted by the key players operating in the market. The key players of the indirect tax management market include Avalara Inc., Oracle Corp., Intuit Inc., Thomson Reuters, SAP SE, and Wolters Kluwer N.V. among others.

Research Methodology

The market study of the global indirect tax management market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.

In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of the reports.

Secondary sources include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Global Indirect Tax Management Market Research and Analysis by Deployment Type
2. Global Indirect Tax Management Market Research and Analysis by Vertical

The Report covers:

• Comprehensive research methodology of the global indirect tax management market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global indirect tax management market.
• Insights about market determinants which are stimulating the global indirect tax management market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.