Tax Management Software Global Market To Grow At Rate Of 14% Through 2026
The Business Research Company’s Tax Management Software Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026
LONDON, GREATER LONDON, UK, October 5, 2022 /EINPresswire.com/ — According to ‘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 grow to $30.47 billion in 2026 at a CAGR of 13.7%. An increase in online digital transactions is expected to propel the growth of the tax management software market going forward.
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The tax management software global market consists of sales tax management software by entities (organizations, sole traders, and partnerships) that is used to assist in the control and mitigation of tax-related transactions. The tax management software enables centralised tax configuration, management, and reporting for enterprises. It is used in conjunction with other financial modules that aggregate tax information from all financial documents into a single repository and generate tax-related reports. It also interacts with financial management modules, allowing it to appropriately calculate taxes on every 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 sector are focused on developing technologically advanced products to strengthen their market position.
Global Tax Management Software Market Segments
The global tax management software market is segmented:
By Component: Software, Professional Services
By Tax Type: Direct Taxes, Indirect Taxes
By Deployment Mode: On-Premises, Cloud
By Enterprise Size: Large Enterprises, Small and Medium Enterprises (SMEs)
By Vertical: BFSI, Healthcare, Retail, Manufacturing, Energy and Utilities, Others
By Geography: The global tax management software market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest share.
Read more on the global tax management software market report at:
https://www.thebusinessresearchcompany.com/report/tax-management-software-global-market-report
Tax Management Software Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides tax management software global market overviews, analyzes and forecasts market size and growth for the global tax management software market, tax management software global market share, tax management software market segments and geographies, tax management software global market trends, tax management software global market players, tax management software global market leading competitor revenues, profiles and market shares. The tax management software global market research report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
TBRC’s Tax Management Software Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key Market Players: Avalara Inc, Outright, Shoeboxed, SAXTAX, H&R Block Inc, CrowdReason LLC, Drake Software, Taxify, Beanstalk, Blucora Inc, TaxSlayer LLC, Wolters Kluwer N.V., Intuit Inc, Sovos Compliance LLC, and Sailotech.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
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