The global tax management market is anticipated to grow at a considerable CAGR of around 11.8% during the forecast period. The global tax management market is expected to grow during the forecast period due to the enhancing number of financial transactions across verticals due to digitalization. Digitalization is affecting every vertical, and each business process is growing rapidly. Due to digitalization, financial transactions are moving from cash to cashless. The major reason for increasing digitalization includes the increase in the number of smartphones and internet users. Several governments over the globe are encouraging digitalization which indirectly fuels the global tax management market.
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Furthermore, many companies are launching tax management software to stand in the competitive market. For instance, in September 2021, ADP launched ‘Run by ADP’ which encourage small businesses' growth. This payroll platform provides user-friendliness with interactive search opportunities, a streamlined utilization interface, and a customized dashboard, thereby saving time and effort for small businesses altogether. The company also launched the ‘Roll by ADP’ mobile application, which restores static spreadsheets with conversational chat support.
Global Tax Management Market Report Segment
By Tax Type
- Direct
- Indirect
By Deployment Mode
- Cloud
- On-Premises
By Organization Size
- Large Enterprises
- Small & Medium-Sized Enterprises
By Vertical
- BFSI
- Manufacturing
- IT & Telecom
- Retail & E-Commerce
- Energy & Utility
- Healthcare
- Media & Entertainment
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Tax Management Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
· ADP, Inc.
· Avalara, Inc.
· Blucora, Inc.
· Canopy Tax, Inc.
· cPaperless, LLC
· DAVO Technologies LLC
· Drake Enterprises, Inc.
· EXEMPTAX
· HRB Digital LLC
· Intuit Inc.
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