Press release
Tax Management Market Application and Specification, Industrial Chain Structure, and CAGR of 11.3% Till 2022-2030
Increasing demand for cost-effective tax-filing solutions coupled with automated taxation is expected to increase the demand for the market over the forecast period. Moreover, the market is expected to grow with the increasing digital banking transactions throughout the world. This, in turn, will increase the adoption of advanced tax solution software over the projected period.
BSFI's vertical segment is expected to dominate the global industry over the projected period. This is due to the increasing adoption of digital technologies and modernization along with the rising number of customers using banking services.
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Asia Pacific is expected to dominate the industry over the projected period due to the rapid economic growth of emerging countries along with increasing modernization across different sectors. In contrast, North America is expected to grow at a significant pace due to the increasing adoption of the latest technologies, which will create opportunities for industry growth.
Some of the major players operating in the global industry include Avalara, Blucora, Automatic Data Processing, Canopy Tax, Defmacro Software, DAVO Technologies, Drake Enterprises, EXEMPTAX, H&R Block, LOVAT Software, Intuit, SafeSend, Sailotech, SAP SE, Sales Tax DataLINK, Sovos Compliance, TaxCloud, TaxJar, Taxback International, TaxSlayer, Vertex, Webgility, Wolters Kluwer N.V, Thomson Reuters, and Xero.
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Polaris Market Research has segmented the tax management market report on the basis of component, tax type, deployment, organization size, vertical:
Tax Management, Component Outlook (Revenue - USD Billion, 2018 - 2030)
• Software
• Services
Tax Management, Tax Type Outlook (Revenue - USD Billion, 2018 - 2030)
• Indirect Tax
• Direct Tax
Tax Management, Deployment Mode Outlook (Revenue - USD Billion, 2018 - 2030)
• Cloud
• On-premises
Tax Management, Organization Type Outlook (Revenue - USD Billion, 2018 - 2030)
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises
Tax Management, Vertical Outlook (Revenue - USD Billion, 2018 - 2030)
• Banking, Financial Services and Insurance (BFSI)
• Information Technology (IT) and Telecom
• Manufacturing
• Energy and Utilities
• Retail
• Healthcare and Life Sciences
• Media and Entertainment
• Others
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Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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