The research study sheds light on the key growth opportunities and market trends along with other vital market dynamics, including the drivers and restraints on the industry growth. With this report, the prospective buyers can be sure to become capable of adapting to the changes in the Tax Management industry. The content the researchers go an extra mile to define the distinct usage occasions and lists the customer segments to leverage the brand and identify future opportunities. Besides, the subject matter expert segment the target customers purely based on their consumption patterns.
The North American segment is estimated to contribute over 38 percent to the market’s incremental growth. The countries in the region are concentrating on developing their chemical infrastructure. Furthermore, the region also consists of several leading oil-producing companies such as the US, Mexico, and Venezuela. The concentration of leading markets combined with the growing demand for oil and chemical products will boost the need for Tax Management in the region.
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Some Key Highlights From the Report
The BFSI segment is expected to lead in terms of revenue over the forecast period due to increasing number of customers utilizing banking services in the BFSI industry.
Factors such as increasing adoption of tax management software by end-users and continuous changes in tax regulations in countries in North America is expected to drive growth of the market in the region during the forecast period.
Key players in the market include 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.
The solutions segment revenue is expected to expand at a significant CAGR during the forecast period. Increasing adoption of tax management software across various industries is expected to boost revenue growth of this segment going ahead.
The indirect tax segment is expected to lead in terms of revenue over the forecast period due to increasing need for advanced software to measure indirect taxes quickly and accurately.
The cloud segment is expected to lead in terms of revenue over the forecast period due to increasing implementation of cloud-based tax management software to optimize mobility and decentralize data storage.
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
Regional Outlook: (Revenue, USD Billion; 2018-2028)
North America (U.S.) (Canada) (Mexico)
Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
Latin America (Brazil) (Rest of LATAM)
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Table of Content
Chapter 1. Methodology Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021–2028
Chapter 3. Key Insights
Chapter 4. Tax Management Market Segmentation Impact Analysis
4.1. Tax Management Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand for solutions for easy record keeping of taxes
4.2.2.2. Increasing demand for tax calculation software with high accuracy and minimal errors
4.2.2.3. Rising demand for cost-effective tax filling solution
4.2.2.4. Increasing need to automate taxation formalities
4.2.3. Market restraints analysis
4.2.3.1. Concern regarding data security and privacy
4.2.3.2. Lack of standardized tax rules
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continue…
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