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Global Indirect tax management Market Size & Growth Analysis Report, 2019-2025

12-24-2020 01:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orian Research

Global Indirect tax management Market

Global Indirect tax management Market

The global indirect tax management market is anticipated to grow considerably, at a CAGR during the forecast period (2019-2025). The growth of the indirect tax management market is attributed to the growing adoption of this software and solutions in different verticals including Banking Financial Services and Insurance (BFSI) sector, Information Technology (IT) and telecom, energy & utilities, healthcare & life sciences, and others. The software solution offers several benefits over the manual calculation related to toOn-Premises taxation. The manual methods of indirect taxation are more costly and error-prone in comparison to the automatic solution method. Moreover, in some business verticals the enterprise resource system (ERP) systems lack the ability to determine accurate taxing, and are having only limited analytical reporting.

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The proper application of the indirect tax management solution simplifies the growing complexity of the indirect tax-related transactions. Furthermore, the volume of data is growing due to the increasing transaction related to the indirect tax are generating the demand for highly efficient indirect tax management solutions to manage and maintain such a huge amount of data in an efficient manner. This solution meets the changing requirements of businesses by ensuring compliance with the rules and regulations by meeting up the most up-to-date tax content. This solution enables different verticals to gain insights & devise smart tax strategies. The automation of tax management intends to meet the overall objectives of the corporate.

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To enhance their reach and access in the decentralized environment, the BFSI sector has to manage a wide variety of customers in several regions under different rules and regulations. As a result, a document management system for the BFSI industry is much more complex and critical. Additionally, this sector makes use of large clouds to save their information, therefore these organizations are actively adopting taxation solutions to perform KYC and risk management, record management & OCR, business process management, and security & confidentiality. In energy & utilities these software solutions are used to calculate the property tax and so on.

Global Indirect Tax Management Market- Segmentation

By Type

Cloud-Based
On-Premises
By Vertical

Banking Financial Services and Insurance (BFSI)
Information Technology (IT) and Telecom
Energy & Utilities
Healthcare & Lifescience
Government
Retail and Consumer Goods
Others
Global Indirect Tax Management Market– Segment by Region

North America

US
Canada
Europe

Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific

China
Japan
India
Rest of Asia-Pacific
Rest of the World

Latin America
Middle East and Africa
Company Profiles

Acumatica, Inc.
Avalara, Inc.
Blucora, Inc.
CrowdReason, LLC
Drake Enterprises, Inc.
H&R Block, Inc.
Intuit, Inc.
Oracle Corp.
Paychex, Inc.
Rethink Solutions, Inc.
Sage Intacct Inc.
SAP SE
SAXTAX Software
Shoeboxed, Inc.
Sovos Compliance, LLC
Wolters Kluwer N.V.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/indirect-tax-management-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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