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COVID-19
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Tax Automation Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global tax automation software market reached a value of US$ 12.1 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 11.2% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Tax software stands for a type of computer software designed to aid individuals or businesses in preparing and filing income, corporate, and similar tax returns. It facilitates the tax filing process by guiding the customer through tax forms and tasks as well as automatically determining the tax obligations of an individual or a company. The software is based on real-time information and reliable forecasting, thereby minimizing the risks associated with tax amendments.

 

 
 

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Over the years, regulatory ecosystems have evolved exponentially. Owing to the increasing complexity, tax automation software has become a significant platform for automatic tax filing and data exchange between various authorities in different nations due to the advanced features offered by these solutions. For instance, these solutions are of great assistance in the banking and insurance industry as they offer automation of reports and analysis, reduction of errors, and integration with other systems, such as online banking and e-filing. These attributes of tax automation software have led to an increasing receptiveness by organizations to transform their tax tasks, thereby imparting a positive impact on the growth of the market. Vendors across various industries, such as banking and finance, healthcare, social networks, and transport, are investing in advanced technologies to develop smarter and more integrated solutions.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global tax automation software market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on product type, tax type, software deployment type and end-use industry.

Breakup by Product Type:

 

 
 

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  • Web Software
  • Mobile Software
     

Breakup by Tax Type:

  • Sales Tax
  • Income Tax
  • Others
     

Breakup by Software Deployment Type:

  • On-Premise
  • Cloud
     

Breakup by End-Use Industry:

  • Banking, Financial Services, and Insurance (BFSI)
  • Healthcare
  • Retail, IT & Telecom
  • Energy and Utilities
  • Others
     

Breakup by Region:

 

 
 

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  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
    • Chile
    • Peru
    • Others
  • Middle East and Africa
    • Turkey
    • Saudi Arabia
    • Iran
    • United Arab Emirates
    • Others
       

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being ADP LLC., Blucora Inc., Chetu Inc., Intuit Inc., Drake Software, Thomson Reuters Corporation, Vertex Inc., Wolters Kluwer N.V. (Kluwer Publishers and Wolters Samsom), Xero Limited, Sage, Avalara, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Product Type, Tax Type, Software Deployment Type, End-Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered China, Japan, India, South Korea, Australia, Indonesia, United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, Brazil, Mexico, Argentina, Colombia, Chile, Peru, Turkey, Saudi Arabia, Iran, United Arab Emirates
Companies Covered ADP LLC., Blucora Inc., Chetu Inc., Intuit Inc., Drake Software, Thomson Reuters Corporation, Vertex Inc., Wolters Kluwer N.V. (Kluwer Publishers and Wolters Samsom), Xero Limited, Sage and Avalara
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global tax automation software market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global tax automation software market?
  • What has been the impact of  COVID-19 on the global tax automation software market?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the tax type?
  • What is the breakup of the market based on the software deployment type?
  • What is the breakup of the market based on the end-use industry?
  • What are the key driving factors and challenges in the global tax automation software market?
  • What is the structure of the tax automation software market and who are the key players?
  • What is the degree of competition in the global tax automation software market?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Tax Automation Software Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Web Software
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Mobile Software
        6.2.1    Market Trends
        6.2.2    Market Forecast
7    Market Breakup by Tax Type
    7.1    Sales Tax
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Income Tax
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Others
        7.3.1    Market Trends
        7.3.2    Market Forecast
8    Market Breakup by Software Deployment Type
    8.1    On-Premise
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Cloud
        8.2.1    Market Trends
        8.2.2    Market Forecast
9    Market Breakup by End-Use Industry
    9.1    Banking, Financial Service and Insurance
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Healthcare
        9.2.1    Market Trends
        9.2.1    Market Forecast
    9.3    Retail, IT and Telecom
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Energy and Utilities
        9.4.1    Market Trends
        9.4.2    Market Forecast
    9.5    Others
        9.5.1    Market Trends
        9.5.2    Market Forecast
10    Market Breakup by Region
    10.1    Asia Pacific
        10.1.1    China
            10.1.1.1    Market Trends
            10.1.1.2    Market Forecast
        10.1.2    Japan
            10.1.2.1    Market Trends
            10.1.2.2    Market Forecast
        10.1.3    India
            10.1.3.1    Market Trends
            10.1.3.2    Market Forecast
        10.1.4    South Korea
            10.1.4.1    Market Trends
            10.1.4.2    Market Forecast
        10.1.5    Australia
            10.1.5.1    Market Trends
            10.1.5.2    Market Forecast
        10.1.6    Indonesia
            10.1.6.1    Market Trends
            10.1.6.2    Market Forecast
        10.1.7    Others
            10.1.7.1    Market Trends
            10.1.7.2    Market Forecast
    10.2    North America
        10.2.1    United States
            10.2.1.1    Market Trends
            10.2.1.2    Market Forecast
        10.2.2    Canada
            10.2.2.1    Market Trends
            10.2.2.2    Market Forecast
    10.3    Europe
        10.3.1    Germany
            10.3.1.1    Market Trends
            10.3.1.2    Market Forecast
        10.3.2    France
            10.3.2.1    Market Trends
            10.3.2.2    Market Forecast
        10.3.3    United Kingdom
            10.3.3.1    Market Trends
            10.3.3.2    Market Forecast
        10.3.4    Italy
            10.3.4.1    Market Trends
            10.2.4.2    Market Forecast
        10.3.5    Spain
            10.3.5.1    Market Trends
            10.3.5.2    Market Forecast
        10.3.6    Russia
            10.3.6.1    Market Trends
            10.3.6.2    Market Forecast
        10.3.7    Others
            10.3.7.1    Market Trends
            10.3.7.2    Market Forecast
    10.4    Latin America
        10.4.1    Brazil
            10.4.1.1    Market Trends
            10.4.1.2    Market Forecast
        10.4.2    Mexico
            10.4.2.1    Market Trends
            10.4.2.2    Market Forecast
        10.4.3    Argentina
            10.4.3.1    Market Trends
            10.4.3.2    Market Forecast
        10.4.4    Colombia
            10.4.4.1    Market Trends
            10.4.4.2    Market Forecast
        10.4.5    Chile
            10.4.5.1    Market Trends
            10.4.5.2    Market Forecast
        10.4.6    Peru
            10.4.6.1    Market Trends
            10.4.6.2    Market Forecast
        10.4.7    Others
            10.4.7.1    Market Trends
            10.4.7.2    Market Forecast
    10.5    Middle East and Africa
        10.5.1    Turkey
            10.5.1.1    Market Trends
            10.5.1.2    Market Forecast
        10.5.2    Saudi Arabia
            10.5.2.1    Market Trends
            10.5.2.2    Market Forecast
        10.5.3    Iran
            10.5.3.1    Market Trends
            10.5.3.2    Market Forecast
        10.5.4    United Arab Emirates
            10.5.4.1    Market Trends
            10.5.4.2    Market Forecast
        10.5.5    Others
            10.5.5.1    Market Trends
            10.5.5.2    Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porter’s Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    ADP LLC.
        14.3.2    Avalara
        14.3.3    Blucora Inc.
        14.3.4    Chetu Inc.
        14.3.5    Intuit Inc.
        14.3.6    Drake Software
        14.3.7    Sage
        14.3.8    Thomson Reuters Corporation
        14.3.9    Vertex Inc.
        14.3.10    Wolters Kluwer N.V. (Kluwer Publishers and Wolters Samsom)
        14.3.11    Xero Limited

List of Figures

Figure 1: Global: Tax Automation Software Market: Major Drivers and Challenges
Figure 2: Global: Tax Automation Software Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Tax Automation Software Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Tax Automation Software Market: Breakup by Product Type (in %), 2020
Figure 5: Global: Tax Automation Software Market: Breakup by Tax Type (in %), 2020
Figure 6: Global: Tax Automation Software Market: Breakup by Software Deployment Type (in %), 2020
Figure 7: Global: Tax Automation Software Market: Breakup by End-Use Industry (in %), 2020
Figure 8: Global: Tax Automation Software Market: Breakup by Region (in %), 2020
Figure 9: Global: Tax Automation Software (Web Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Tax Automation Software (Web Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Tax Automation Software (Mobile Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Tax Automation Software (Mobile Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Tax Automation Software (Sales Tax) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Tax Automation Software (Sales Tax) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Tax Automation Software (Income Tax) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Tax Automation Software (Income Tax) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Tax Automation Software (Other Tax Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Tax Automation Software (Other Tax Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Tax Automation Software (On-Premise) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Tax Automation Software (On-Premise) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Tax Automation Software (Cloud) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Tax Automation Software (Cloud) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Tax Automation Software (Banking, Financial Services and Insurance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Tax Automation Software (Banking, Financial Services and Insurance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Tax Automation Software (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Tax Automation Software (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Tax Automation Software (Retail, IT and Telecom) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Tax Automation Software (Retail, IT and Telecom) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Tax Automation Software (Energy and Utilities) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Tax Automation Software (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Tax Automation Software (Other Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Tax Automation Software (Other Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Asia Pacific: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Asia Pacific: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: China: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: China: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Japan: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Japan: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: India: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: India: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: South Korea: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: South Korea: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Australia: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Australia: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Indonesia: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Indonesia: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Others: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Others: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49.: North America: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: North America: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: United States: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: United States: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Canada: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Canada: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Europe: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Europe: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Germany: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Germany: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: France: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: France: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: United Kingdom: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: United Kingdom: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Italy: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Italy: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Spain: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Spain: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Russia: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Russia: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Others: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Others: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Latin America: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Latin America: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Brazil: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Brazil: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Mexico: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Mexico: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Argentina: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Argentina: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Colombia: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Colombia: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Chile: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Chile: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Peru: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 84: Peru: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Others: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 86: Others: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 87: Middle East and Africa: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 88: Middle East and Africa: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 89: Turkey: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 90: Turkey: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 91: Saudi Arabia: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 92: Saudi Arabia: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 93: Iran: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 94: Iran: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 95: United Arab Emirates: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 96: United Arab Emirates: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 97: Others: Tax Automation Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 98: Others: Tax Automation Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 99: Global: Tax Automation Software Market: SWOT Analysis
Figure 100: Global: Tax Automation Software Market: Value Chain Analysis
Figure 101: Global: Tax Automation Software Market: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Tax Automation Software Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Tax Automation Software Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Global: Tax Automation Software Market Forecast: Breakup by Tax Type (in Million US$), 2021-2026
Table 4: Global: Tax Automation Software Market Forecast: Breakup by Software Deployment Type (in Million US$), 2021-2026
Table 5: Global: Tax Automation Software Market Forecast: Breakup by End-Use Industry (in Million US$), 2021-2026
Table 6: Global: Tax Automation Software Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Tax Automation Software Market Structure
Table 8: Global: Tax Automation Software Market: Key Players

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