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Tax Management Software Market 2023 Analysis By Size, Share, Growth, Trends Up To 2032 | Avalara Inc., Outright, Shoeboxed, SAXTAX, H&R Block Inc., CrowdReason LLC, Drake Software, Taxify
Tax Management Software Market
Tax Management Software Market Size, Growth Rate, And Forecast
The global tax management software market size grew from $18.09 billion in 2022 to $20.72 billion in 2023 at a compound annual growth rate (CAGR) of 14.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The tax management software market size is expected to grow to $32.64 billion in 2027 at a CAGR of 12.0%.
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Tax Management Software Market Drivers
An increase in online digital transactions is expected to propel the growth of the tax management software market going forward. Many governments find it necessary to increase tax compliance and revenue collection in order to pay for public goods and services.
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Tax Management Software Market Segments
1) By Component : Software, Professional Services
2) By Tax Type: Direct Taxes, Indirect Taxes
3) By Deployment Mode: On-Premises, Cloud
4) By Enterprise Size: Large Enterprises, Small and Medium Enterprises (SMEs)
5) By Vertical: BFSI, Healthcare, Retail, Manufacturing, Energy and Utilities, Other Verticals
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Tax Management Software market.
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Tax Management Software Market Key Players
Major players in the tax management software market are 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.
The Business Research Company's "Global Tax Management Software Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Tax Management Software Market Include:
1. Executive Summary
2. Tax Management Software Market Characteristics
3. Tax Management Software Market Trends And Strategies
4. Tax Management Software Market - Macro Economic Scenario
5. Tax Management Software Market Size And Growth
……
27. Tax Management Software Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Tax Management Software Market
29. Tax Management Software Market Future Outlook and Potential Analysis
30. Appendix
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