A person who has specific understanding in tax accounting, tax law, and financial expertise is referred to as a tax advisor. A tax advisory service firm skills are often sought out in complex financial situations in order to minimize the tax owed while being legally compliant. Certified Public Accountants (CPAs), licensed agents, tax attorneys, and some financial advisors are examples of tax consultants.
Rise in demand for tax advisory services among SMEs, as well as the ongoing need to improve organizational efficiency, drives the growth of the tax advisory services market. In addition, factors such as increase in demand for better tax filing strategies impact growth of the market. However, lack of awareness about tax advisory services and higher dependency on traditional methods are expected to hamper the market growth. On the contrary, rise in innovations in the financial industry and untapped potential of emerging economies are expected to offer remunerative opportunities for the market during the forecast period.
The tax advisory services market is segmented into type, organization size, industry vertical, and region. By type, the market is differentiated into direct tax advisory and indirect tax advisory. The direct advisory is further segregated into income tax, corporate tax, property tax, capital gains tax and others. The capital gains tax is further segmented into long-term capital gain and short-term capital gain. Depending on organization size, it is fragmented into large enterprises and small and medium-sized enterprises. The industry vertical segment is segmented into banking, financial services, & insurance (BFSI), IT & telecom, manufacturing, retail & e-commerce, public sector, healthcare, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The tax advisory services market analysis includes top companies operating in the market such as Accenture Inc., Aon PLC, Bank of America Corporation, Citigroup Inc., CGI, Inc., Cognizant, CSC Consulting Services, CREDIT SUISSE GROUP AG, Deloitte, Goldman Sachs, JPMorgan Chase & Co., Morgan Stanley, Northern Trust Corporation, PwC, Wells Fargo, Tax scouts, and Taxfyle. These players have adopted various strategies to increase their market penetration and strengthen their position in the tax advisory services industry.
Rise in demand for tax advisory services among SMEs, as well as the ongoing need to improve organizational efficiency, drives the growth of the tax advisory services market. In addition, factors such as increase in demand for better tax filing strategies impact growth of the market. However, lack of awareness about tax advisory services and higher dependency on traditional methods are expected to hamper the market growth. On the contrary, rise in innovations in the financial industry and untapped potential of emerging economies are expected to offer remunerative opportunities for the market during the forecast period.
The tax advisory services market is segmented into type, organization size, industry vertical, and region. By type, the market is differentiated into direct tax advisory and indirect tax advisory. The direct advisory is further segregated into income tax, corporate tax, property tax, capital gains tax and others. The capital gains tax is further segmented into long-term capital gain and short-term capital gain. Depending on organization size, it is fragmented into large enterprises and small and medium-sized enterprises. The industry vertical segment is segmented into banking, financial services, & insurance (BFSI), IT & telecom, manufacturing, retail & e-commerce, public sector, healthcare, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The tax advisory services market analysis includes top companies operating in the market such as Accenture Inc., Aon PLC, Bank of America Corporation, Citigroup Inc., CGI, Inc., Cognizant, CSC Consulting Services, CREDIT SUISSE GROUP AG, Deloitte, Goldman Sachs, JPMorgan Chase & Co., Morgan Stanley, Northern Trust Corporation, PwC, Wells Fargo, Tax scouts, and Taxfyle. These players have adopted various strategies to increase their market penetration and strengthen their position in the tax advisory services industry.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides in-depth analysis of the global tax advisory services market along with the current trends and future estimations to illustrate the imminent investment pockets.
- Information about key drivers, restraints, & opportunities and their impact analysis on the global tax advisory services market size are provided in the report.
- The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global tax advisory services market from 2021 to 2031 is provided to determine the market potential.
Key Market Segments
By Organization Size
- Large Enterprises
- Small and Medium-Sized Enterprises
By Type
- Direct Tax Advisory
- Direct Tax Advisory
- Income Tax
- Corporate Tax
- Property Tax
- Capital Gains tax
- Others
- Indirect Tax Advisory
By Industry Vertical
- IT and Telecom
- Manufacturing
- Retail and E-Commerce
- Public Sector
- BFSI
- Healthcare
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Accenture Inc.
- Aon PLC.
- Bank of America Corporation
- Citigroup Inc.
- CGI, Inc.
- Cognizant
- CSC consulting services
- CREDIT SUISSE GROUP AG
- Deloitte
- Goldman Sachs
- JPMorgan Chase & Co.
- Morgan Stanley
- Northern Trust Corporation
- PWC
- Wells Fargo
- Tax Scouts
- Taxfyle
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: TAX ADVISORY SERVICES MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Direct Tax Advisory
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.2.4 Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
4.2.4.1 Income Tax Market size and forecast, by region
4.2.4.2 Income Tax Market size and forecast, by country
4.2.4.3 Corporate Tax Market size and forecast, by region
4.2.4.4 Corporate Tax Market size and forecast, by country
4.2.4.5 Property Tax Market size and forecast, by region
4.2.4.6 Property Tax Market size and forecast, by country
4.2.4.7 Capital Gains tax Market size and forecast, by region
4.2.4.8 Capital Gains tax Market size and forecast, by country
4.2.4.9 Others Market size and forecast, by region
4.2.4.10 Others Market size and forecast, by country
4.3 Indirect Tax Advisory
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: TAX ADVISORY SERVICES MARKET, BY ORGANIZATION SIZE
5.1 Overview
5.1.1 Market size and forecast
5.2 Large Enterprises
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Small and Medium-Sized Enterprises
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: TAX ADVISORY SERVICES MARKET, BY INDUSTRY VERTICAL
6.1 Overview
6.1.1 Market size and forecast
6.2 BFSI
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 IT and Telecom
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Manufacturing
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Retail and E-Commerce
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Public Sector
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
6.7 Healthcare
6.7.1 Key market trends, growth factors and opportunities
6.7.2 Market size and forecast, by region
6.7.3 Market analysis by country
6.8 Others
6.8.1 Key market trends, growth factors and opportunities
6.8.2 Market size and forecast, by region
6.8.3 Market analysis by country
CHAPTER 7: TAX ADVISORY SERVICES MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.2.1 North America Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.2.3 North America Market size and forecast, by Organization Size
7.2.4 North America Market size and forecast, by Industry Vertical
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Type
7.2.5.1.1.1 U.S. Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.2.5.1.2 Market size and forecast, by Organization Size
7.2.5.1.3 Market size and forecast, by Industry Vertical
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Type
7.2.5.2.1.1 Canada Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.2.5.2.2 Market size and forecast, by Organization Size
7.2.5.2.3 Market size and forecast, by Industry Vertical
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.2.1 Europe Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.3.3 Europe Market size and forecast, by Organization Size
7.3.4 Europe Market size and forecast, by Industry Vertical
7.3.5 Europe Market size and forecast, by country
7.3.5.1 UK
7.3.5.1.1 Market size and forecast, by Type
7.3.5.1.1.1 UK Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.3.5.1.2 Market size and forecast, by Organization Size
7.3.5.1.3 Market size and forecast, by Industry Vertical
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Type
7.3.5.2.1.1 Germany Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.3.5.2.2 Market size and forecast, by Organization Size
7.3.5.2.3 Market size and forecast, by Industry Vertical
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Type
7.3.5.3.1.1 France Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.3.5.3.2 Market size and forecast, by Organization Size
7.3.5.3.3 Market size and forecast, by Industry Vertical
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Type
7.3.5.4.1.1 Italy Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.3.5.4.2 Market size and forecast, by Organization Size
7.3.5.4.3 Market size and forecast, by Industry Vertical
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Type
7.3.5.5.1.1 Spain Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.3.5.5.2 Market size and forecast, by Organization Size
7.3.5.5.3 Market size and forecast, by Industry Vertical
7.3.5.6 Netherlands
7.3.5.6.1 Market size and forecast, by Type
7.3.5.6.1.1 Netherlands Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.3.5.6.2 Market size and forecast, by Organization Size
7.3.5.6.3 Market size and forecast, by Industry Vertical
7.3.5.7 Rest of Europe
7.3.5.7.1 Market size and forecast, by Type
7.3.5.7.1.1 Rest of Europe Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.3.5.7.2 Market size and forecast, by Organization Size
7.3.5.7.3 Market size and forecast, by Industry Vertical
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.2.1 Asia-Pacific Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.4.3 Asia-Pacific Market size and forecast, by Organization Size
7.4.4 Asia-Pacific Market size and forecast, by Industry Vertical
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Type
7.4.5.1.1.1 China Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.4.5.1.2 Market size and forecast, by Organization Size
7.4.5.1.3 Market size and forecast, by Industry Vertical
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Type
7.4.5.2.1.1 Japan Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.4.5.2.2 Market size and forecast, by Organization Size
7.4.5.2.3 Market size and forecast, by Industry Vertical
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Type
7.4.5.3.1.1 India Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.4.5.3.2 Market size and forecast, by Organization Size
7.4.5.3.3 Market size and forecast, by Industry Vertical
7.4.5.4 Australia
7.4.5.4.1 Market size and forecast, by Type
7.4.5.4.1.1 Australia Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.4.5.4.2 Market size and forecast, by Organization Size
7.4.5.4.3 Market size and forecast, by Industry Vertical
7.4.5.5 South Korea
7.4.5.5.1 Market size and forecast, by Type
7.4.5.5.1.1 South Korea Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.4.5.5.2 Market size and forecast, by Organization Size
7.4.5.5.3 Market size and forecast, by Industry Vertical
7.4.5.6 Singapore
7.4.5.6.1 Market size and forecast, by Type
7.4.5.6.1.1 Singapore Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.4.5.6.2 Market size and forecast, by Organization Size
7.4.5.6.3 Market size and forecast, by Industry Vertical
7.4.5.7 Rest of Asia-Pacific
7.4.5.7.1 Market size and forecast, by Type
7.4.5.7.1.1 Rest of Asia-Pacific Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.4.5.7.2 Market size and forecast, by Organization Size
7.4.5.7.3 Market size and forecast, by Industry Vertical
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.2.1 LAMEA Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.5.3 LAMEA Market size and forecast, by Organization Size
7.5.4 LAMEA Market size and forecast, by Industry Vertical
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Type
7.5.5.1.1.1 Latin America Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.5.5.1.2 Market size and forecast, by Organization Size
7.5.5.1.3 Market size and forecast, by Industry Vertical
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Type
7.5.5.2.1.1 Middle East Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.5.5.2.2 Market size and forecast, by Organization Size
7.5.5.2.3 Market size and forecast, by Industry Vertical
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Type
7.5.5.3.1.1 Africa Direct Tax Advisory Tax Advisory Services Market by Direct Tax Advisory
7.5.5.3.2 Market size and forecast, by Organization Size
7.5.5.3.3 Market size and forecast, by Industry Vertical
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Accenture Inc.
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Aon PLC.
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Bank of America Corporation
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Citigroup Inc.
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 CGI, Inc.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Cognizant
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 CSC consulting services
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 CREDIT SUISSE GROUP AG
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Deloitte
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Goldman Sachs
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 JPMorgan Chase & Co.
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 Morgan Stanley
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Northern Trust Corporation
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 PWC
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 Wells Fargo
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
9.16 Tax Scouts
9.16.1 Company overview
9.16.2 Company snapshot
9.16.3 Operating business segments
9.16.4 Product portfolio
9.16.5 Business performance
9.16.6 Key strategic moves and developments
9.17 Taxfyle
9.17.1 Company overview
9.17.2 Company snapshot
9.17.3 Operating business segments
9.17.4 Product portfolio
9.17.5 Business performance
9.17.6 Key strategic moves and developments
List of Tables
Table 1. Global Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 2. Tax Advisory Services Market, for Direct Tax Advisory, by Region, 2021-2031 ($Million)
Table 3. Tax Advisory Services Market for Direct Tax Advisory, by Country, 2021-2031 ($Million)
Table 4. Global Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 5. Tax Advisory Services Market, for Income Tax, by Region, 2021-2031 ($Million)
Table 6. Tax Advisory Services Market, for Income Tax, by Country, 2021-2031 ($Million)
Table 7. Tax Advisory Services Market, for Corporate Tax, by Region, 2021-2031 ($Million)
Table 8. Tax Advisory Services Market, for Corporate Tax, by Country, 2021-2031 ($Million)
Table 9. Tax Advisory Services Market, for Property Tax, by Region, 2021-2031 ($Million)
Table 10. Tax Advisory Services Market, for Property Tax, by Country, 2021-2031 ($Million)
Table 11. Tax Advisory Services Market, for Capital Gains Tax, by Region, 2021-2031 ($Million)
Table 12. Tax Advisory Services Market, for Capital Gains Tax, by Country, 2021-2031 ($Million)
Table 13. Tax Advisory Services Market, for Others, by Region, 2021-2031 ($Million)
Table 14. Tax Advisory Services Market, for Others, by Country, 2021-2031 ($Million)
Table 15. Tax Advisory Services Market, for Indirect Tax Advisory, by Region, 2021-2031 ($Million)
Table 16. Tax Advisory Services Market for Indirect Tax Advisory, by Country, 2021-2031 ($Million)
Table 17. Global Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 18. Tax Advisory Services Market, for Large Enterprises, by Region, 2021-2031 ($Million)
Table 19. Tax Advisory Services Market for Large Enterprises, by Country, 2021-2031 ($Million)
Table 20. Tax Advisory Services Market, for Small and Medium-Sized Enterprises, by Region, 2021-2031 ($Million)
Table 21. Tax Advisory Services Market for Small and Medium-Sized Enterprises, by Country, 2021-2031 ($Million)
Table 22. Global Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 23. Tax Advisory Services Market, for Bfsi, by Region, 2021-2031 ($Million)
Table 24. Tax Advisory Services Market for Bfsi, by Country, 2021-2031 ($Million)
Table 25. Tax Advisory Services Market, for It and Telecom, by Region, 2021-2031 ($Million)
Table 26. Tax Advisory Services Market for It and Telecom, by Country, 2021-2031 ($Million)
Table 27. Tax Advisory Services Market, for Manufacturing, by Region, 2021-2031 ($Million)
Table 28. Tax Advisory Services Market for Manufacturing, by Country, 2021-2031 ($Million)
Table 29. Tax Advisory Services Market, for Retail and E-Commerce, by Region, 2021-2031 ($Million)
Table 30. Tax Advisory Services Market for Retail and E-Commerce, by Country, 2021-2031 ($Million)
Table 31. Tax Advisory Services Market, for Public Sector, by Region, 2021-2031 ($Million)
Table 32. Tax Advisory Services Market for Public Sector, by Country, 2021-2031 ($Million)
Table 33. Tax Advisory Services Market, for Healthcare, by Region, 2021-2031 ($Million)
Table 34. Tax Advisory Services Market for Healthcare, by Country, 2021-2031 ($Million)
Table 35. Tax Advisory Services Market, for Others, by Region, 2021-2031 ($Million)
Table 36. Tax Advisory Services Market for Others, by Country, 2021-2031 ($Million)
Table 37. Tax Advisory Services Market, by Region, 2021-2031 ($Million)
Table 38. North America Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 39. North America Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 40. North America Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 41. North America Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 42. North America Tax Advisory Services Market, by Country, 2021-2031 ($Million)
Table 43. U.S. Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 44. U.S. Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 45. U.S. Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 46. U.S. Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 47. Canada Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 48. Canada Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 49. Canada Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 50. Canada Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 51. Europe Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 52. Europe Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 53. Europe Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 54. Europe Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 55. Europe Tax Advisory Services Market, by Country, 2021-2031 ($Million)
Table 56. UK Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 57. UK Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 58. UK Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 59. UK Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 60. Germany Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 61. Germany Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 62. Germany Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 63. Germany Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 64. France Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 65. France Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 66. France Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 67. France Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 68. Italy Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 69. Italy Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 70. Italy Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 71. Italy Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 72. Spain Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 73. Spain Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 74. Spain Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 75. Spain Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 76. Netherlands Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 77. Netherlands Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 78. Netherlands Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 79. Netherlands Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 80. Rest of Europe Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 81. Rest of Europe Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 82. Rest of Europe Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 83. Rest of Europe Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 84. Asia-Pacific Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 85. Asia-Pacific Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 86. Asia-Pacific Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 87. Asia-Pacific Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 88. Asia-Pacific Tax Advisory Services Market, by Country, 2021-2031 ($Million)
Table 89. China Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 90. China Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 91. China Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 92. China Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 93. Japan Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 94. Japan Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 95. Japan Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 96. Japan Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 97. India Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 98. India Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 99. India Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 100. India Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 101. Australia Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 102. Australia Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 103. Australia Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 104. Australia Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 105. South Korea Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 106. South Korea Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 107. South Korea Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 108. South Korea Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 109. Singapore Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 110. Singapore Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 111. Singapore Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 112. Singapore Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 113. Rest of Asia-Pacific Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 114. Rest of Asia-Pacific Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 115. Rest of Asia-Pacific Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 116. Rest of Asia-Pacific Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 117. LAMEA Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 118. LAMEA Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 119. LAMEA Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 120. LAMEA Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 121. LAMEA Tax Advisory Services Market, by Country, 2021-2031 ($Million)
Table 122. Latin America Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 123. Latin America Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 124. Latin America Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 125. Latin America Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 126. Middle East Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 127. Middle East Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 128. Middle East Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 129. Middle East Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 130. Africa Tax Advisory Services Market, by Type, 2021-2031 ($Million)
Table 131. Africa Direct Tax Advisory Tax Advisory Services Market, by Direct Tax Advisory, 2021-2031 ($Million)
Table 132. Africa Tax Advisory Services Market, by Organization Size, 2021-2031 ($Million)
Table 133. Africa Tax Advisory Services Market, by Industry Vertical, 2021-2031 ($Million)
Table 134. Accenture Inc.: Company Snapshot
Table 135. Accenture Inc.: Operating Segments
Table 136. Accenture Inc.: Product Portfolio
Table 137. Accenture Inc.: Net Sales,
Table 138. Accenture Inc.: Key Strategies
Table 139. Aon plc.: Company Snapshot
Table 140. Aon plc.: Operating Segments
Table 141. Aon plc.: Product Portfolio
Table 142. Aon plc.: Net Sales,
Table 143. Aon plc.: Key Strategies
Table 144. Bank of America Corporation: Company Snapshot
Table 145. Bank of America Corporation: Operating Segments
Table 146. Bank of America Corporation: Product Portfolio
Table 147. Bank of America Corporation: Net Sales,
Table 148. Bank of America Corporation: Key Strategies
Table 149. Citigroup Inc.: Company Snapshot
Table 150. Citigroup Inc.: Operating Segments
Table 151. Citigroup Inc.: Product Portfolio
Table 152. Citigroup Inc.: Net Sales,
Table 153. Citigroup Inc.: Key Strategies
Table 154. Cgi, Inc.: Company Snapshot
Table 155. Cgi, Inc.: Operating Segments
Table 156. Cgi, Inc.: Product Portfolio
Table 157. Cgi, Inc.: Net Sales,
Table 158. Cgi, Inc.: Key Strategies
Table 159. Cognizant: Company Snapshot
Table 160. Cognizant: Operating Segments
Table 161. Cognizant: Product Portfolio
Table 162. Cognizant: Net Sales,
Table 163. Cognizant: Key Strategies
Table 164. Csc Consulting Services: Company Snapshot
Table 165. Csc Consulting Services: Operating Segments
Table 166. Csc Consulting Services: Product Portfolio
Table 167. Csc Consulting Services: Net Sales,
Table 168. Csc Consulting Services: Key Strategies
Table 169. Credit Suisse Group Ag: Company Snapshot
Table 170. Credit Suisse Group Ag: Operating Segments
Table 171. Credit Suisse Group Ag: Product Portfolio
Table 172. Credit Suisse Group Ag: Net Sales,
Table 173. Credit Suisse Group Ag: Key Strategies
Table 174. Deloitte: Company Snapshot
Table 175. Deloitte: Operating Segments
Table 176. Deloitte: Product Portfolio
Table 177. Deloitte: Net Sales,
Table 178. Deloitte: Key Strategies
Table 179. Goldman Sachs: Company Snapshot
Table 180. Goldman Sachs: Operating Segments
Table 181. Goldman Sachs: Product Portfolio
Table 182. Goldman Sachs: Net Sales,
Table 183. Goldman Sachs: Key Strategies
Table 184. Jpmorgan Chase & Co.: Company Snapshot
Table 185. Jpmorgan Chase & Co.: Operating Segments
Table 186. Jpmorgan Chase & Co.: Product Portfolio
Table 187. Jpmorgan Chase & Co.: Net Sales,
Table 188. Jpmorgan Chase & Co.: Key Strategies
Table 189. Morgan Stanley: Company Snapshot
Table 190. Morgan Stanley: Operating Segments
Table 191. Morgan Stanley: Product Portfolio
Table 192. Morgan Stanley: Net Sales,
Table 193. Morgan Stanley: Key Strategies
Table 194. Northern Trust Corporation: Company Snapshot
Table 195. Northern Trust Corporation: Operating Segments
Table 196. Northern Trust Corporation: Product Portfolio
Table 197. Northern Trust Corporation: Net Sales,
Table 198. Northern Trust Corporation: Key Strategies
Table 199. Pwc: Company Snapshot
Table 200. Pwc: Operating Segments
Table 201. Pwc: Product Portfolio
Table 202. Pwc: Net Sales,
Table 203. Pwc: Key Strategies
Table 204. Wells Fargo: Company Snapshot
Table 205. Wells Fargo: Operating Segments
Table 206. Wells Fargo: Product Portfolio
Table 207. Wells Fargo: Net Sales,
Table 208. Wells Fargo: Key Strategies
Table 209. Tax Scouts: Company Snapshot
Table 210. Tax Scouts: Operating Segments
Table 211. Tax Scouts: Product Portfolio
Table 212. Tax Scouts: Net Sales,
Table 213. Tax Scouts: Key Strategies
Table 214. Taxfyle: Company Snapshot
Table 215. Taxfyle: Operating Segments
Table 216. Taxfyle: Product Portfolio
Table 217. Taxfyle: Net Sales,
Table 218. Taxfyle: Key Strategies
List of Figures
Figure 1. Tax Advisory Services Market Segmentation
Figure 2. Tax Advisory Services Market, 2021-2031
Figure 3. Tax Advisory Services Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Tax Advisory Services Mark.:Drivers, Restraints and Opportunities
Figure 12. Tax Advisory Services Market, By Type, 2021(%)
Figure 13. Comparative Share Analysis of Direct Tax Advisory Tax Advisory Services Market, 2021-2031(%)
Figure 14. Comparative Share Analysis of Indirect Tax Advisory Tax Advisory Services Market, 2021-2031(%)
Figure 15. Tax Advisory Services Market, By Organization Size, 2021(%)
Figure 16. Comparative Share Analysis of Large Enterprises Tax Advisory Services Market, 2021-2031(%)
Figure 17. Comparative Share Analysis of Small and Medium-Sized Enterprises Tax Advisory Services Market, 2021-2031(%)
Figure 18. Tax Advisory Services Market, By Industry Vertical, 2021(%)
Figure 19. Comparative Share Analysis of Bfsi Tax Advisory Services Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of It and Telecom Tax Advisory Services Market, 2021-2031(%)
Figure 21. Comparative Share Analysis of Manufacturing Tax Advisory Services Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Retail and E-Commerce Tax Advisory Services Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Public Sector Tax Advisory Services Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of Healthcare Tax Advisory Services Market, 2021-2031(%)
Figure 25. Comparative Share Analysis of Others Tax Advisory Services Market, 2021-2031(%)
Figure 26. Tax Advisory Services Market by Region, 2021
Figure 27. U.S. Tax Advisory Services Market, 2021-2031($Million)
Figure 28. Canada Tax Advisory Services Market, 2021-2031($Million)
Figure 29. Uk Tax Advisory Services Market, 2021-2031($Million)
Figure 30. Germany Tax Advisory Services Market, 2021-2031($Million)
Figure 31. France Tax Advisory Services Market, 2021-2031($Million)
Figure 32. Italy Tax Advisory Services Market, 2021-2031($Million)
Figure 33. Spain Tax Advisory Services Market, 2021-2031($Million)
Figure 34. Netherlands Tax Advisory Services Market, 2021-2031($Million)
Figure 35. Rest of Europe Tax Advisory Services Market, 2021-2031($Million)
Figure 36. China Tax Advisory Services Market, 2021-2031($Million)
Figure 37. Japan Tax Advisory Services Market, 2021-2031($Million)
Figure 38. India Tax Advisory Services Market, 2021-2031($Million)
Figure 39. Australia Tax Advisory Services Market, 2021-2031($Million)
Figure 40. South Korea Tax Advisory Services Market, 2021-2031($Million)
Figure 41. Singapore Tax Advisory Services Market, 2021-2031($Million)
Figure 42. Rest of Asia-Pacific Tax Advisory Services Market, 2021-2031($Million)
Figure 43. Latin America Tax Advisory Services Market, 2021-2031($Million)
Figure 44. Middle East Tax Advisory Services Market, 2021-2031($Million)
Figure 45. Africa Tax Advisory Services Market, 2021-2031($Million)
Figure 46. Top Winning Strategies, by Year
Figure 47. Top Winning Strategies, by Development
Figure 48. Top Winning Strategies, by Company
Figure 49. Product Mapping of Top 10 Players
Figure 50. Competitive Dashboard
Figure 51. Competitive Heatmap of Top 10 Key Players
Figure 52. Accenture Inc.: Net Sales, ($Million)
Figure 53. Aon plc.: Net Sales, ($Million)
Figure 54. Bank of America Corporatio.: Net Sales, ($Million)
Figure 55. Citigroup Inc.: Net Sales, ($Million)
Figure 56. Cgi, Inc.: Net Sales, ($Million)
Figure 57. Cognizan.: Net Sales, ($Million)
Figure 58. Csc Consulting Service.: Net Sales, ($Million)
Figure 59. Credit Suisse Group A.: Net Sales, ($Million)
Figure 60. Deloitt.: Net Sales, ($Million)
Figure 61. Goldman Sach.: Net Sales, ($Million)
Figure 62. Jpmorgan Chase & Co.: Net Sales, ($Million)
Figure 63. Morgan Stanle.: Net Sales, ($Million)
Figure 64. Northern Trust Corporatio.: Net Sales, ($Million)
Figure 65. Pw.: Net Sales, ($Million)
Figure 66. Wells Farg.: Net Sales, ($Million)
Figure 67. Tax Scout.: Net Sales, ($Million)
Figure 68. Taxfyl.: Net Sales, ($Million)
Executive Summary
According to the report, “Tax Advisory Services Market," the tax advisory services market was valued at $34.6 billion in 2021, and is estimated to reach $97.1 billion by 2031, growing at a CAGR of 11.2% from 2022 to 2031.Various companies are expanding their current services to meet the continuous rise in demand with increase in demand for tax advisory services. For instance, in June 2022, Goldman Sachs Asset Management launched its asset management and distribution platform for the State of Arizona’s AZ529, Advisor Plan, the Goldman Sachs 529 Plan. Ascensus College Savings Recordkeeping Services, LLC (Ascensus) will serve as the new program manager. As a global leader in active investing, the company will provide business tax advisory solutions at scale to meet the clients’ evolving needs across all areas of the asset management landscape driving the growth for tax advisory services market.
Furthermore, market players are expanding their business operations and customers by increasing their acquisition. For instance, in June 2021, J.P. Morgan has entered into an agreement to acquire OpenInvest, a leading financial technology company that helps financial professionals customize and report on values-based investments and tax filings. The company will retain its own brand and be integrated into J.P. Morgan’s Private Bank and Wealth Management client offerings.
By industry vertical, the BFSI segment acquired the major share for the tax advisory services market. This is attributed to the fact that tax advisory services are frequently used in the banking, financial services, and insurance (BFSI) sectors to file the returns on client investments and prepare the tax audits. Experienced tax advisory can assist firms in manage taxes over customer investments, which increases the likelihood of financial sector enterprises receiving additional funding and broadening their margins.
Region-wise, North America dominated the tax advisory services market share in 2021. This is attributed to the rising borrowing costs and geopolitical tensions in the region which encourage consumers to consult professional tax consultants.
There has been a significant shift in consumer patterns for tax advisory services industry during the pandemic. In addition, COVID-19 caused a technological disruption; as a result, enterprises are applying artificial intelligence & machine learning technologies to give solutions & services to clients to meet the demands of changing consumer trends resulting in tax advisory services market growth. Furthermore, this boosted the demand for income tax advisory services during the pandemic.
Key Findings of the Study
- By organization size, the large enterprises segment accounted for the highest tax advisory services market share in terms of revenue in 2021.
- By type, the indirect tax advisory segment is expected to exhibit the fastest growth rate during the forecast period in tax advisory services market trends.
- Region-wise, North America generated the highest revenue in 2021 in tax advisory services market size.
- The key players operating in the tax advisory services market analysis include Accenture Inc., Aon PLC, Bank of America Corporation, Citigroup Inc., CGI, Inc., Cognizant, CSC Consulting Services, CREDIT SUISSE GROUP AG, Deloitte, Goldman Sachs, JPMorgan Chase & Co., Morgan Stanley, Northern Trust Corporation, PwC, Wells Fargo, Tax scouts, and Taxfyle. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Companies Mentioned
- Accenture Inc.
- Aon PLC.
- Bank of America Corporation
- Citigroup Inc.
- CGI, Inc.
- Cognizant
- CSC consulting services
- CREDIT SUISSE GROUP AG
- Deloitte
- Goldman Sachs
- JPMorgan Chase & Co.
- Morgan Stanley
- Northern Trust Corporation
- PWC
- Wells Fargo
- Tax Scouts
- Taxfyle
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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