The global tax management market size reached USD 17.66 Billion in 2020 and is expected to register a CAGR of 12.4% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for solutions for easy record keeping of taxes is expected to drive global tax management market revenue growth over the forecast period. Increasing demand for tax calculation software with high accuracy and minimal errors is expected to further augment global tax management market growth during the forecast period. Rising number of financial transactions across various industries is expected to further boost market growth over the forecast period.
However, concerns regarding data security and privacy of tax management software is expected to hamper growth of the global tax management market over the forecast period.
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The objectives of this study are to define, segment, and project the size of the Tax Management Market based on company, product type, application and key regions.
The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Tax Management Market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
Key players involved in the market such as Avalara, Inc., Thomson Reuters Corporation, SAP SE, Canopy Tax, Inc., Federal Tax Authority, LLC (TaxCloud), TPS Unlimited, Inc., Intuit Inc., Sovos Compliance, LLC, DAVO Technologies, LLC, and Drake Enterprises, Inc.
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Emergen Research has segmented the global tax management market on the basis of component, type, deployment, end-use, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
Services
Solutions
Type Outlook (Revenue, USD Billion; 2018–2028)
Direct Tax
Indirect Tax
Deployment Outlook (Revenue, USD Billion; 2018–2028)
Cloud
On-premises
End-Use Outlook (Revenue, USD Billion; 2018–2028)
Manufacturing
Retail
Information Technology Telecom
Energy Utilities
Healthcare
Transportation Logistics
Media Entertainment
BFSI
Others
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Report Highlights:
The report conducts a comparative assessment of the leading market players participating in the global Tax Management market.
The report marks the notable developments that have recently taken place in the Tax Management industry
It details on the strategic initiatives undertaken by the market competitors for business expansion.
It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Tax Management market value chain.
The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.
Regional Analysis:
This section of the report offers valuable insights into the geographical segmentation of the Tax Management market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.
The report classifies the global Tax Management market into various regions, including:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Middle East Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
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