税務管理市場 – 2030年までの世界予測

Tax Management Market - Global Forecast to 2030

税務管理市場 - ソリューションタイプ(税務コンプライアンスと最適化、文書管理とアーカイブ、税務準備と報告、税務分析ツール、監査とリスク管理ツール)、税の種類(間接税と直接税) - 2030年までの世界予測
Tax Management Market by Solution Type (Tax Compliance & Optimization, Document Management & Archiving, Tax Preparation & Reporting, Tax Analytics Tools, Audit & Risk Management Tools), Tax Type (Indirect Tax and Direct Tax) - Global Forecast to 2030

商品番号 : SMB-10839

出版社MarketsandMarkets
出版年月2025年7月
ページ数295
図表数317
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

この調査レポートでは、税務管理市場を、提供内容(ソリューション(税務コンプライアンスと最適化、税務準備と報告、監査とリスク管理ツール、税務分析ツール、文書管理とアーカイブ)、サービス(実装とシステム統合、税務構成とアドバイザリーサービス、サポートと法規制維持))、導入モード(クラウド、オンプレミス)、税の種類(直接税(法人税、キャピタルゲイン税、固定資産税、その他の直接税)、間接税(付加価値税(VAT)、物品サービス税(GST)、売上税、関税、その他の間接税))、組織規模(大企業、中小企業)、業種(銀行、金融サービス、保険(BFSI)、IT・通信、小売・電子商取引、製造、ヘルスケア・ライフサイエンス、政府・公共部門、エネルギー・公益事業、その他の業種(運輸・物流、教育、建設・不動産))に基づいて分類しています。および地域(北米、ヨーロッパ、アジア太平洋、中東およびアフリカ、ラテンアメリカ)。本レポートは、税務マネジメント市場の成長に影響を与える主要な要因(推進要因、制約要因、課題、機会など)に関する詳細な情報を網羅しています。主要業界プレーヤーを徹底的に分析し、事業概要、ソリューション、サービス、主要戦略、契約、パートナーシップ、合意、新製品・新サービスの発売、合併・買収、そして税務マネジメント市場に関連する最近の動向に関する洞察を提供しています。また、税務マネジメント市場エコシステムにおける新興企業の競合分析も網羅しています。

税務管理市場は急速に拡大しており、予測期間中のCAGRは6.3%で、2025年には245.2億米ドル、2030年には332.1億米ドルに達すると予測されています。税務管理市場を形成する主な推進要因には、複数の管轄区域のコンプライアンスをサポートできる俊敏で拡張可能な税務インフラストラクチャを必要とするグローバルビジネスオペレーションの加速が含まれます。人工知能の統合により税務の精度がさらに向上し、リアルタイムの異常検出、ルールの自動適用、報告サイクルの高速化が可能になります。さらに、電子請求書の義務化が世界的に展開されているため、企業は構造化データと規制提出の要件を満たすために、従来の税務プラットフォームを最新化する必要に迫られています。しかし、市場は顕著な制約にも直面しています。その1つが、最新の税務ソリューションを従来のエンタープライズシステムに統合するという課題で、これがクラウドベースのプラットフォームの採用を遅らせ、分散環境全体に高度なテクノロジーを展開する能力を制限しています。

The tax management market is expanding rapidly, with a projected size of USD 24.52 billion in 2025 to reach USD 33.21 billion by 2030, at a CAGR of 6.3% during the forecast period. The key drivers shaping the tax management market include the accelerating pace of global business operations, which requires agile, scalable tax infrastructure capable of supporting multi-jurisdictional compliance. Artificial intelligence integration further enhances tax accuracy, enabling real-time anomaly detection, automated rule application, and faster reporting cycles. Additionally, the global rollout of e-invoicing mandates pushes enterprises to modernize legacy tax platforms to meet structured data and regulatory submission requirements. However, the market also faces notable restraints. Among them is the challenge of integrating modern tax solutions with legacy enterprise systems, which slows the adoption of cloud-based platforms and limits the ability to deploy advanced technologies across distributed environments.

税務管理市場 - 2030年までの世界予測 - chosareport.com
tax-management-market-new

“Indirect tax type is expected to account for the fastest growth during the forecast period.”

Indirect tax, comprising value-added tax, goods and services tax, sales tax, customs duties, and other transactional levies, is expected to emerge as the fastest-growing segment in the tax management market as regulatory mandates shift decisively toward real-time compliance and digitalized reporting. In April 2024, Sovos launched its Indirect Tax Suite to address growing complexity in over 70 jurisdictions, integrating determination, e-invoicing, and automated filings into a single cloud-native platform. The October 2024 release of a clean-core, ready solution for SAP environments demonstrated the need for deep ERP integration and scalable configuration across VAT, GST, and sales tax regimes. These developments reflect the urgency among global enterprises to operationalize indirect tax automation across core finance processes. This creates a strong opportunity for vendors to deliver purpose-built platforms that apply country-specific tax rules, ensure structured compliance with invoicing mandates, and adapt dynamically to ongoing regulatory changes. To stay competitive in the high-growth indirect tax segment, vendors must differentiate through jurisdiction-specific invoice clearance, cross-border duty automation, and rule engines that adapt to real-time policy changes. Success will depend on delivering pre-certified e-invoicing modules, intelligent reconciliation workflows, and continuous configuration updates. As enterprises prioritize agility and accuracy, providers that enable real-time exception handling and offer co-engineered deployment support will drive deeper integration into core tax operations, positioning themselves as long-term transformation partners and unlocking sustained revenue in complex compliance environments.

“Large enterprises are expected to hold the largest market share during the forecast period.”

Large enterprises require advanced tax solutions to manage complex, multi-jurisdictional compliance and integration with ERP systems. Their scale and regulatory exposure drive demand for automation, real-time calculation, and audit-ready reporting. In October 2024, Sovos partnered with IFS to integrate its indirect tax suite into IFS Cloud, enabling embedded, real-time compliance across more than 20,000 global jurisdictions, tailored explicitly for large multinational entities. Reinforcing this shift, the April 2025 Thomson Reuters Generative AI in Professional Services Report confirmed that 21% of tax and accounting firms now deploy GenAI at scale, while 92% of corporate tax professionals expect it to be part of daily tax operations within five years. These trends signal a decisive enterprise push toward intelligent, high-capacity platforms that combine automation, compliance, and strategic insight. Providers that align with large enterprises’ priorities, which are accuracy, agility, and control, will gain a competitive advantage, expand recurring revenue streams, and position themselves as core infrastructure partners in global tax modernization.

“North America is expected to lead the tax management market with established regulatory frameworks, advanced digital infrastructure, and high adoption among large enterprises, while Asia Pacific is the fastest-growing region driven by accelerated e-invoicing mandates, expanding cross-border trade and government-led digitalization of tax administration systems.”

North America is expected to lead the tax management market, driven by complex regulatory frameworks, high enterprise demand for automation, and early adoption of AI-powered compliance platforms. In April 2025, Intuit enhanced its TurboTax Business suite with generative AI, improving real-time tax insights and filing accuracy for corporate users. This reflects the region’s focus on intelligent, large-scale tax automation. In contrast, Asia Pacific is the fastest-growing region, fueled by rapid tax digitization, cross-border trade, and government-mandated e-invoicing initiatives across India, Indonesia, and Vietnam. Enterprises actively invest in scalable, cloud-based tax platforms, creating strong opportunities for vendors to deliver localized rule engines, real-time reporting tools, and pre-integrated ERP connectors.

Breakdown of Primaries

In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the tax management market.

  • By Company: Tier I – 40%, Tier II – 25%, and Tier III – 35%
  • By Designation: C-Level Executives – 25%, D-Level Executives –37%, and others – 38%
  • By Region: North America – 38%, Europe – 24%, Asia Pacific – 40%, and Rest of the World – 6%

The report includes a study of key players offering tax management services. It profiles major vendors in the tax management market. The major market players include Avalara (US), Intuit (US), ADP (US), Thomson Reuters (Canada), Wolters Kluwer (Netherlands), H&R Block (US), SAP (Germany), Sovos (US), Vertex (US), TaxBit (US), Sailotech (US), TaxCalc (UK), Clear (India), Xero (Australia), Exemptax (US), Taxbuddy (India), Feb.ai (India), Drake Software (US), Tax Cloud (US), Lovat Software (UK), Webgility (US), Global Tax Management Inc. (US), Taxdome (US), and TaxGPT (US).

税務管理市場 - 2030年までの世界予測 - ecosystem
tax-management-market-new-ecosystem

Research Coverage

This research report categorizes the tax management market based on Offering (Solutions (Tax Compliance & Optimization, Tax Preparation & Reporting, Audit & Risk Management Tools, Tax Analytics Tools, Document Management & Archiving), Services (Implementation & System Integration, Tax Configuration & Advisory Services, Support & Regulatory Maintenance)), Deployment Mode (Cloud, On-premises), Tax Type (Direct Taxes (Corporate Tax, Capital Gains Tax, Property Tax, Other Direct Taxes), Indirect Taxes (Value-Added Tax (VAT), Goods & Services Tax (GST), Sales Tax, Customs Duties, Other Indirect Taxes)), Organization Size (Large Enterprises, SMEs), Vertical (Banking, Financial Services & Insurance (BFSI), IT & Telecom, Retail & E-commerce, Manufacturing, Healthcare & Life Sciences, Government & Public Sector, Energy & Utilities, Other Verticals (Transportation & Logistics, Education, Construction & Real Estate)), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the tax management market. A thorough analysis of the key industry players was done to provide insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions; and recent developments associated with the tax management market. This report also covered the competitive analysis of upcoming startups in the tax management market ecosystem.

Reason to Buy This Report

The report would provide market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall tax management market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. It also helps stakeholders understand the market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities.

This report provides insights on the following pointers:

  • Analysis of key drivers (Global business growth demands an agile tax management infrastructure, Boosting tax accuracy & efficiency with AI, E-invoicing mandates drive tax platform modernization), restraints (Integration with legacy system delay cloud-based tax adoption), opportunities (Automation adoption by SMEs fuels tax management expansion, Advisory services boost innovation in tax management), and challenges (Shortage of skilled workforce slows tax tech adoption, Multi-system complexity hampers tax automation).
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and product & service launches in the tax management market.
  • Market Development: Comprehensive information about lucrative markets – the report analyzes the tax management market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the tax management market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players such Avalara (US), Intuit (US), ADP (US), Thomson Reuters (Canada), Wolters Kluwer (Netherlands), H&R Block (US), SAP (Germany), Sovos (US), Vertex (US), TaxBit (US), Sailotech (US), TaxCalc (UK), Clear (India), Xero (Australia), Exemptax (US), Taxbuddy (India), Feb.ai (India), Drake Software (US), Tax Cloud (US), Lovat Software (UK), Webgility (US), Global Tax Management Inc. (US), Taxdome (US), and TaxGPT (US). The report also helps stakeholders understand the pulse of the tax management market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1               INTRODUCTION              28

1.1           STUDY OBJECTIVES       28

1.2           MARKET DEFINITION   28

1.3           MARKET SCOPE                29

1.3.1        MARKET SEGMENTATION AND REGIONAL SCOPE                 29

1.3.2        INCLUSIONS AND EXCLUSIONS 30

1.3.3        YEARS CONSIDERED      31

1.4           CURRENCY CONSIDERED            31

1.5           STAKEHOLDERS               32

1.6           SUMMARY OF CHANGES               32

2               RESEARCH METHODOLOGY       33

2.1           RESEARCH APPROACH  33

2.1.1        SECONDARY DATA          34

2.1.2        PRIMARY DATA 34

2.1.2.1    Breakup of primary profiles                35

2.1.2.2    Key industry insights           35

2.2           MARKET BREAKUP AND DATA TRIANGULATION                 36

2.3           MARKET SIZE ESTIMATION         37

2.3.1        TOP-DOWN APPROACH                38

2.3.2        BOTTOM-UP APPROACH              38

2.3.3        MARKET ESTIMATION APPROACHES     40

2.4           MARKET FORECAST       42

2.5           RESEARCH ASSUMPTIONS           43

2.6           RESEARCH LIMITATIONS             44

3               EXECUTIVE SUMMARY  45

4               PREMIUM INSIGHTS       50

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN TAX MANAGEMENT MARKET               50

4.2           TAX MANAGEMENT MARKET, BY OFFERING, 2025 VS 2030        51

4.3           TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE, 2025 VS 2030        51

4.4           TAX MANAGEMENT MARKET, BY TAX TYPE, 2025 VS 2030                 52

4.5           TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025 VS 2030        52

4.6           TAX MANAGEMENT MARKET, BY VERTICAL, 2025 VS 2030        53

4.7           TAX MANAGEMENT MARKET, BY REGION, 2025–2030                 53

5               MARKET OVERVIEW AND INDUSTRY TRENDS    54

5.1           INTRODUCTION              54

5.2           MARKET DYNAMICS       54

5.2.1        DRIVERS               55

5.2.1.1    Global business growth demands agile tax management infrastructure        55

5.2.1.2    Adoption of AI tools boosts tax accuracy and efficiency 55

5.2.1.3    E-invoicing mandates drive tax platform modernization                 55

5.2.2        RESTRAINTS      56

5.2.2.1    Integration with legacy systems delays cloud-based tax adoption                 56

5.2.3        OPPORTUNITIES              56

5.2.3.1    Automation adoption by SMEs fuels tax management expansion                 56

5.2.3.2    Advisory services boost innovation in tax management 56

5.2.4        CHALLENGES    57

5.2.4.1    Shortage of skilled workforce hinders adoption of tax technologies           57

5.2.4.2    Multi-system complexity hampers tax automation          57

5.3           CASE STUDY ANALYSIS 58

5.3.1        INOVONICS SIMPLIFIES MULTI-STATE TAX COMPLIANCE WITH AVALARA   58

5.3.2        CCH PROSYSTEM FX AND AXCESS BOOST ACCURACY AND EFFICIENCY OF TAX SYSTEMS         59

5.3.3        WESLEYAN UNIVERSITY MANAGES CONFORMITY WITH ADP SMARTCOMPLIANCE            59

5.3.4        VERTEX DELIVERS REAL-TIME TAX ACCURACY FOR LEGO’S ONLINE SALES  60

5.4           ECOSYSTEM ANALYSIS  61

5.5           SUPPLY CHAIN ANALYSIS             62

5.6           PRICING ANALYSIS          64

5.6.1        AVERAGE SELLING PRICE TREND, BY REGION, 2022–2024                 64

5.6.2        INDICATIVE PRICING ANALYSIS, BY OFFERING, 2025                 65

5.7           PATENT ANALYSIS          66

5.8           TECHNOLOGY ANALYSIS             69

5.8.1        KEY TECHNOLOGIES     69

5.8.1.1    Cloud-native architecture   69

5.8.1.2    Tax determination logic modules      69

5.8.1.3    Compliance filing engine    69

5.8.1.4    GenAI Copilot for tax          69

5.8.2        COMPLEMENTARY TECHNOLOGIES       69

5.8.2.1    Machine learning & AI        69

5.8.2.2    Robotic process automation                70

5.8.2.3    Digital signature & archival solutions                70

5.8.2.4    Low-code/no-code configuration platform      70

5.8.3        ADJACENT TECHNOLOGIES       70

5.8.3.1    Streamlining real estate tax compliance with ONESOURCE solutions 70

5.8.3.2    API management platform 71

5.8.3.3    Geolocation & IP mapping 71

5.9           REGULATORY LANDSCAPE         71

5.9.1        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             71

5.9.2        REGULATIONS BY REGION          75

5.10         PORTER’S FIVE FORCES ANALYSIS           77

5.10.1      THREAT OF NEW ENTRANTS      78

5.10.2      THREAT OF SUBSTITUTES          78

5.10.3      BARGAINING POWER OF BUYERS             78

5.10.4      BARGAINING POWER OF SUPPLIERS       78

5.10.5      INTENSITY OF COMPETITIVE RIVALRY 78

5.11         KEY STAKEHOLDERS AND BUYING CRITERIA     79

5.11.1      KEY STAKEHOLDERS IN BUYING PROCESS           79

5.11.2      BUYING CRITERIA           79

5.12         KEY CONFERENCES AND EVENTS, 2025–2026        80

5.13         TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            81

5.14         INVESTMENT AND FUNDING SCENARIO               82

5.15         IMPACT OF GEN AI IN TAX MANAGEMENT          83

5.15.1      TOP CLIENTS ADAPTING GEN AI              84

5.15.1.1  H&R Block            84

5.15.1.2  Febi.ai    84

5.15.2      CASE STUDY      84

5.15.2.1  Streamlining Real Estate Tax Compliance with ONESOURCE Solutions                84

6               TAX MANAGEMENT MARKET, BY OFFERING       86

6.1           INTRODUCTION              87

6.1.1        OFFERINGS: TAX MANAGEMENT MARKET DRIVERS                 87

6.2           SOLUTIONS        88

6.2.1        COMPLIANCE AND OPTIMIZATION        90

6.2.1.1    Improve operational efficiency in tax compliance and reduce tax liabilities 90

6.2.1.2    Monitor real-time regulatory compliance         91

6.2.1.3    Manage tax exemptions and certificates           91

6.2.1.4    Automate tax calculation for transactions         91

6.2.2        TAX PREPARATION & REPORTING           92

6.2.2.1    Reduce manual efforts & filing errors while ensuring compliance across jurisdictions               92

6.2.2.2    Tax return preparation & filing          93

6.2.2.3    E-audit file generation         93

6.2.2.4    Multi-jurisdiction filing support        93

6.2.3        AUDIT & RISK MANAGEMENT TOOLS     93

6.2.3.1    Enhance audit readiness with real-time data checks      93

6.2.3.2    Data validation and cleansing             94

6.2.3.3    Compliance verification       95

6.2.3.4    Automated data validation  95

6.2.4        TAX ANALYTICS TOOLS                95

6.2.4.1    Improve tax transparency with analytic tools and manage risks through data-driven insights               95

6.2.4.2    Tax data quality assurance  96

6.2.4.3    Data-driven tax decisioning                96

6.2.4.4    Real-time tax risk identification         97

6.2.5        DOCUMENT MANAGEMENT & ARCHIVING          97

6.2.5.1    Automate document organization & categorization        97

6.2.5.2    Tax document repository    98

6.2.5.3    Audit-ready document management 98

6.2.5.4    E-invoicing and certificate archiving 98

6.2.6        OTHERS                99

6.3           SERVICES             100

6.3.1        IMPLEMENTATION & SYSTEM INTEGRATION    101

6.3.1.1    Configure tax software to match organizational needs and ensure smooth deployment of tax management solutions          101

6.3.2        TAX CONFIGURATION AND ADVISORY SERVICES                 102

6.3.2.1    Advise on regulatory changes and compliance strategies                 102

6.3.3        SUPPORT & REGULATORY MAINTENANCE          103

6.3.3.1    Adapt tax systems to new regulatory mandates                103

7               TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE                 105

7.1           INTRODUCTION              106

7.1.1        DEPLOYMENT MODE: TAX MANAGEMENT MARKET DRIVERS               106

7.1.2        ON-PREMISES   107

7.1.2.1    Integrates legacy systems with on-premises tax platforms                 107

7.1.3        CLOUD 108

7.1.3.1    Automates tax processes with cloud-based platforms     108

8               TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE                 110

8.1           INTRODUCTION              111

8.1.1        ORGANIZATION SIZE: TAX MANAGEMENT MARKET DRIVERS               112

8.1.2        LARGE ENTERPRISES     113

8.1.2.1    Implement enterprise-scale tax automation solutions with complex financial structures                113

8.1.3        SMALL & MEDIUM SIZED ENTERPRISES 114

8.1.3.1    Seek cost-effective, easy-to-deploy tax management solutions that address essential needs                114

9               TAX MANAGEMENT MARKET, BY TAX TYPE        115

9.1           INTRODUCTION              116

9.1.1        TAX TYPE: TAX MANAGEMENT MARKET DRIVERS                 116

9.2           INDIRECT TAXES              117

9.2.1        HELP BUSINESSES GENERATE COMPLIANT INVOICES AND FILE RETURNS        117

9.2.2        VALUE-ADDED TAX (VAT)           118

9.2.3        GOODS & SERVICES TAX (GST)  118

9.2.4        SALES TAX           118

9.2.5        CUSTOM DUTIES             119

9.2.6        OTHER INDIRECT TAXES              119

9.3           DIRECT TAXES  119

9.3.1        INTEGRATE WITH ENTERPRISE FINANCIAL SYSTEMS TO AUTOMATE DATA COLLECTION AND ENSURE ACCURATE FILINGS                119

9.3.2        CORPORATE TAX             120

9.3.3        CAPITAL GAIN TAX         120

9.3.4        PROPERTY TAX 121

9.3.5        OTHER DIRECT TAXES  121

10            TAX MANAGEMENT MARKET, BY VERTICAL        122

10.1         INTRODUCTION              123

10.1.1      VERTICALS: TAX MANAGEMENT MARKET DRIVERS                 124

10.2         BFSI       125

10.2.1      AUTOMATE FINANCIAL TRANSACTION TAX MANAGEMENT IN BANKING AND INSURANCE   125

10.2.2      BFSI: USE CASES                126

10.2.2.1  Automated regulatory tax compliance               126

10.2.2.2  Tax audit & risk management             126

10.3         IT & TELECOM  126

10.3.1      INTEGRATE TAX MANAGEMENT SOLUTIONS WITH TELECOM BILLING SYSTEMS     126

10.3.2      IT & TELECOM: USE CASES          127

10.3.2.1  Digital service tax 127

10.3.2.2  Subscription billing taxation                127

10.3.2.3  Infrastructure asset taxation                128

10.4         MANUFACTURING          128

10.4.1      INTEGRATE TAX MANAGEMENT PLATFORMS WITH MANUFACTURING ERP SYSTEMS              128

10.4.2      MANUFACTURING: USE CASES  129

10.4.2.1  Excise duty and indirect tax compliance           129

10.4.2.2  Transfer pricing compliance               129

10.4.2.3  Tax provisioning & reporting              129

10.5         RETAIL & E-COMMERCE                130

10.5.1      IMPROVE AUDIT READINESS THROUGH REAL-TIME TAX COMPLIANCE IN RETAIL     130

10.5.2      RETAIL & E-COMMERCE: USE CASES       131

10.5.2.1  Automated sales tax calculations       131

10.5.2.2  Multi-channel sales tax integration    131

10.5.2.3  Inventory stock management              131

10.6         HEALTHCARE & LIFE SCIENCES 131

10.6.1      OPTIMIZE TAX COMPLIANCE FOR HEALTHCARE & LIFE SCIENCES            131

10.6.2      HEALTHCARE & LIFE SCIENCES: USE CASES         132

10.6.2.1  VAT exemption management for medical products       132

10.6.2.2  Cross-border tax handling  132

10.6.2.3  Hospital payroll tax processing           133

10.7         GOVERNMENT & PUBLIC SECTOR            133

10.7.1      CENTRALIZE TAX MANAGEMENT OPERATIONS ACROSS PUBLIC SECTOR DEPARTMENTS              133

10.7.2      GOVERNMENT & PUBLIC SECTOR: USE CASES   134

10.7.2.1  Real-time revenue monitoring            134

10.7.2.2  Automated tax compliance 134

10.7.2.3  E-invoicing compliance automation  134

10.8         ENERGY & UTILITIES     135

10.8.1      AUTOMATING EXCISE AND FUEL TAX COMPLIANCE IN ENERGY & UTILITIES OPERATIONS         135

10.8.2      ENERGY & UTILITIES: USE CASES              136

10.8.2.1  Excise & fuel tax automation               136

10.8.2.2  Renewable energy incentive management        136

10.8.2.3  Multi-jurisdictional tax compliance   136

10.9         OTHERS                137

11            TAX MANAGEMENT MARKET, BY REGION            138

11.1         INTRODUCTION              139

11.2         NORTH AMERICA             140

11.2.1      NORTH AMERICA: MARKET DRIVERS     140

11.2.2      NORTH AMERICA: MACROECONOMIC OUTLOOK                 141

11.2.3      US           147

11.2.3.1  Tax software adoption to surge with e-filing growth      147

11.2.4      CANADA               148

11.2.4.1  CRA-driven digital filing to spur demand for tax management solutions 148

11.3         EUROPE               149

11.3.1      EUROPE: MARKET DRIVERS        149

11.3.2      EUROPE: MACROECONOMIC OUTLOOK               149

11.3.3      UK          155

11.3.3.1  HMRC mandates to drive cloud-based tax software adoption                 155

11.3.4      GERMANY           156

11.3.4.1  Regulatory changes, digital adoption, and increased automation to drive transformation in tax administration  156

11.3.5      FRANCE                157

11.3.5.1  Fueling expansion of tax management market via e-governance innovation to drive market  157

11.3.6      ITALY    158

11.3.6.1  Rising multinational compliance demand to drive adoption of Cloud-based tax solutions   158

11.3.7      REST OF EUROPE             159

11.4         ASIA PACIFIC     160

11.4.1      ASIA PACIFIC: MARKET DRIVERS               160

11.4.2      ASIA PACIFIC: MACROECONOMIC OUTLOOK     160

11.4.3      CHINA  166

11.4.3.1  Strong government initiatives for online learning to drive market                 166

11.4.4      JAPAN   167

11.4.4.1  Enhancing indirect tax management with cloud technology to drive market          167

11.4.5      INDIA    168

11.4.5.1  Accelerating digital tax compliance through TIN 2.0 and e-Filing platforms to drive market    168

11.4.6      REST OF ASIA PACIFIC   169

11.5         MIDDLE EAST & AFRICA                170

11.5.1      MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET DRIVERS               170

11.5.2      MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK                 170

11.5.3      GCC       176

11.5.3.1  Transforming tax operations through automation to boost demand for tax management               176

11.5.3.2  KSA        177

11.5.3.3  UAE        178

11.5.3.4  Rest of GCC countries         178

11.5.4      SOUTH AFRICA 179

11.5.4.1  Strengthening tax compliance through automation at SARS to drive market          179

11.5.5      REST OF MIDDLE EAST & AFRICA             180

11.6         LATIN AMERICA                181

11.6.1      LATIN AMERICA: TAX MANAGEMENT MARKET DRIVERS                 181

11.6.2      LATIN AMERICA: MACROECONOMIC OUTLOOK                 181

11.6.3      BRAZIL 187

11.6.3.1  Increasing regulatory demands and enhancing digital transformation goals to drive market 187

11.6.4      MEXICO                188

11.6.4.1  Need for digital invoices in real-time to push companies to adopt tax software for accurate reporting    188

11.6.5      REST OF LATIN AMERICA             189

12            COMPETITIVE LANDSCAPE         190

12.1         INTRODUCTION              190

12.2         KEY PLAYERS’ STRATEGIES/RIGHT TO WIN         190

12.3         REVENUE ANALYSIS, 2020–2024  192

12.4         MARKET SHARE ANALYSIS, 2024                 193

12.5         BRAND/PRODUCT COMPARISON             195

12.6         COMPANY VALUATION AND FINANCIAL METRICS                 197

12.6.1      COMPANY VALUATION 197

12.6.2      FINANCIAL METRICS      198

12.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 199

12.7.1      STARS   200

12.7.2      EMERGING LEADERS     200

12.7.3      PERVASIVE PLAYERS      200

12.7.4      PARTICIPANTS 200

12.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         202

12.7.5.1  Company footprint               202

12.7.5.2  Region footprint   202

12.7.5.3  Offering footprint 203

12.7.5.4  Deployment mode footprint                203

12.7.5.5  Tax type footprint                 204

12.7.5.6  Organization size footprint 204

12.7.5.7  Vertical footprint  205

12.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        205

12.8.1      PROGRESSIVE COMPANIES         206

12.8.2      RESPONSIVE COMPANIES            206

12.8.3      DYNAMIC COMPANIES  206

12.8.4      STARTING BLOCKS         207

12.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 208

12.8.5.1  Detailed list of key startups/SMEs    208

12.8.5.2  Competitive benchmarking of key startups/SMEs          209

12.9         COMPETITIVE SCENARIO             210

12.9.1      PRODUCT LAUNCHES   210

12.9.2      DEALS  217

13            COMPANY PROFILES      222

13.1         INTRODUCTION              222

13.2         KEY PLAYERS     222

13.2.1      WOLTERS KLUWER         222

13.2.1.1  Business overview 222

13.2.1.2  Products/Solutions/Services offered 223

13.2.1.3  Recent developments           224

13.2.1.3.1                Deals      224

13.2.1.4  MnM view              225

13.2.1.4.1                Right to win           225

13.2.1.4.2                Strategic choices   225

13.2.1.4.3                Weaknesses and competitive threats 225

13.2.2      THOMSON REUTERS      226

13.2.2.1  Business overview 226

13.2.2.2  Products/Solutions/Services offered 227

13.2.2.3  Recent developments           229

13.2.2.3.1                Product launches  229

13.2.2.4  MnM view              231

13.2.2.4.1                Right to win           231

13.2.2.4.2                Strategic choices   231

13.2.2.4.3                Weaknesses and competitive threats 231

13.2.3      AVALARA             232

13.2.3.1  Business overview 232

13.2.3.2  Products/Solutions/Services offered 232

13.2.3.3  Recent developments           235

13.2.3.3.1                Product launches  235

13.2.3.3.2                Deals      238

13.2.3.4  MnM view              239

13.2.3.4.1                Right to win           239

13.2.3.4.2                Strategic choices   239

13.2.3.4.3                Weaknesses and competitive threats 239

13.2.4      ADP       240

13.2.4.1  Business overview 240

13.2.4.2  Products/Solutions/Services offered 241

13.2.4.3  Recent developments           241

13.2.4.3.1                Product launches  241

13.2.4.4  MnM view              242

13.2.4.4.1                Right to win           242

13.2.4.4.2                Strategic choices   242

13.2.4.4.3                Weaknesses and competitive threats 242

13.2.5      VERTEX                243

13.2.5.1  Business overview 243

13.2.5.2  Products/Solutions/Services offered 244

13.2.5.3  Recent developments           247

13.2.5.3.1                Product launches  247

13.2.5.3.2                Deals      248

13.2.5.4  MnM view              249

13.2.5.4.1                Right to win           249

13.2.5.4.2                Strategic choices   249

13.2.5.4.3                Weaknesses and competitive threats 249

13.2.6      SOVOS  250

13.2.6.1  Business overview 250

13.2.6.2  Products/Solutions/Services offered 250

13.2.6.3  Recent developments           252

13.2.6.3.1                Product launches  252

13.2.6.3.2                Deals      254

13.2.7      INTUIT 256

13.2.7.1  Business overview 256

13.2.7.2  Products/Solutions/Services offered 257

13.2.7.3  Recent developments           257

13.2.7.3.1                Product launches  257

13.2.7.3.2                Deals      258

13.2.8      H&R BLOCK        259

13.2.8.1  Business overview 259

13.2.8.2  Products/Solutions/Services offered 260

13.2.8.2.1                Product launches  260

13.2.8.2.2                Deals      261

13.2.9      SAP         262

13.2.9.1  Business overview 262

13.2.9.2  Products/Solutions/Services offered 263

13.2.9.3  Recent developments           264

13.2.9.3.1                Deals      264

13.2.10   XERO     265

13.2.10.1                 Business overview 265

13.2.10.2                 Products/Solutions/Services offered 266

13.2.10.3                 Recent developments           267

13.2.10.3.1             Deals      267

13.3         OTHER PLAYERS              268

13.3.1      TAXBIT 268

13.3.2      SAILOTECH        269

13.3.3      EXEMPTAX          270

13.3.4      CLEAR   271

13.3.5      DRAKE SOFTWARE          272

13.3.6      TAXCLOUD         273

13.3.7      LOVAT SOFTWARE          274

13.3.8      WEBGILITY         275

13.3.9      GLOBAL TAX MANAGEMENT INC.            276

13.3.10   TAXDOME           277

13.3.11   TAXGPT                278

13.3.12   FEBI.AI 279

13.3.13   TAXBUDDY        280

13.3.14   TAXCALC             281

13.3.15   CAPIUM                282

14            ADJACENT/RELATED MARKET  283

14.1         INTRODUCTION              283

14.1.1      RELATED MARKETS        283

14.1.2      LIMITATIONS    283

14.2         CLOUD ERP MARKET     283

14.3         TAX TECH MARKET        285

15            APPENDIX           286

15.1         DISCUSSION GUIDE        286

15.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                291

15.3         CUSTOMIZATION OPTIONS        293

15.4         RELATED REPORTS         293

15.5         AUTHOR DETAILS           294

LIST OF TABLES

TABLE 1                USD EXCHANGE RATES, 2019–2024            32

TABLE 2                FACTOR ANALYSIS          42

TABLE 3                RESEARCH ASSUMPTIONS           43

TABLE 4                TAX MANAGEMENT MARKET SIZE AND GROWTH,

2020–2024 (USD MILLION, YOY GROWTH %)        46

TABLE 5                TAX MANAGEMENT MARKET SIZE AND GROWTH,

2025–2030 (USD MILLION, YOY GROWTH %)        46

TABLE 6                ROLE OF PLAYERS IN TAX MANAGEMENT ECOSYSTEM       62

TABLE 7                TAX MANAGEMENT MARKET: AVERAGE SELLING PRICE TREND,

BY REGION, 2021–2025 (USD)      64

TABLE 8                INDICATIVE PRICING ANALYSIS, BY OFFERING, 2025        65

TABLE 9                LIST OF MAJOR PATENTS FOR TAX MANAGEMENT MARKET               67

TABLE 10              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  71

TABLE 11              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  73

TABLE 12              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  73

TABLE 13              ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  74

TABLE 14              TAX MANAGEMENT MARKET: PORTER’S FIVE FORCES ANALYSIS           77

TABLE 15              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP VERTICALS  79

TABLE 16              KEY BUYING CRITERIA FOR TOP THREE VERTICALS         80

TABLE 17              TAX MANAGEMENT MARKET: LIST OF KEY CONFERENCES

AND EVENTS, 2025–2026                 80

TABLE 18              TAX MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)            88

TABLE 19              TAX MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)            88

TABLE 20              TAX MANAGEMENT MARKET, BY SOLUTION, 2020–2024 (USD MILLION)            88

TABLE 21              TAX MANAGEMENT MARKET, BY SOLUTION, 2025–2030 (USD MILLION)            89

TABLE 22              SOLUTIONS: TAX MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)          89

TABLE 23              SOLUTIONS: TAX MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)          89

TABLE 24              TAX COMPLIANCE & OPTIMIZATION: TAX MANAGEMENT MARKET,

BY REGION, 2020–2024 (USD MILLION)   90

TABLE 25              TAX COMPLIANCE & OPTIMIZATION: TAX MANAGEMENT MARKET,

BY REGION, 2025–2030 (USD MILLION)   90

TABLE 26              TAX PREPARATION & REPORTING: TAX MANAGEMENT MARKET,

BY REGION, 2020–2024 (USD MILLION)   92

TABLE 27              TAX PREPARATION & REPORTING: TAX MANAGEMENT MARKET,

BY REGION, 2025–2030 (USD MILLION)   92

TABLE 28              AUDIT & RISK MANAGEMENT TOOLS: TAX MANAGEMENT MARKET,

BY REGION, 2020–2024 (USD MILLION)   94

TABLE 29              AUDIT & RISK MANAGEMENT TOOLS: TAX MANAGEMENT MARKET,

BY REGION, 2025–2030 (USD MILLION)   94

TABLE 30              TAX ANALYTICS: TAX MANAGEMENT MARKET, BY REGION,

2020–2024 (USD MILLION)            96

TABLE 31              TAX ANALYTICS: TAX MANAGEMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            96

TABLE 32              DOCUMENT MANAGEMENT & ARCHIVING: TAX MANAGEMENT MARKET,

BY REGION, 2020–2024 (USD MILLION)   97

TABLE 33              DOCUMENT MANAGEMENT & ARCHIVING: TAX MANAGEMENT MARKET,

BY REGION, 2025–2030 (USD MILLION)   98

TABLE 34              OTHERS: TAX MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)          99

TABLE 35              OTHERS: TAX MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)          99

TABLE 36              TAX MANAGEMENT MARKET, BY SERVICE, 2020–2024 (USD MILLION)       100

TABLE 37              TAX MANAGEMENT MARKET, BY SERVICE, 2025–2030 (USD MILLION)       100

TABLE 38              SERVICES: TAX MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)          100

TABLE 39              SERVICES: TAX MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)          101

TABLE 40              IMPLEMENTATION & SYSTEM INTEGRATION: TAX MANAGEMENT MARKET,

BY REGION, 2020–2024 (USD MILLION)   101

TABLE 41              IMPLEMENTATION & SYSTEM INTEGRATION: TAX MANAGEMENT MARKET,

BY REGION, 2025–2030 (USD MILLION)   102

TABLE 42              TAX CONFIGURATION & ADVISORY SERVICES: TAX MANAGEMENT MARKET,

BY REGION, 2020–2024 (USD MILLION)   102

TABLE 43              TAX CONFIGURATION & ADVISORY SERVICES: TAX MANAGEMENT MARKET,

BY REGION, 2025–2030 (USD MILLION)   103

TABLE 44              SUPPORT & REGULATORY MAINTENANCE: TAX MANAGEMENT MARKET,

BY REGION, 2020–2024 (USD MILLION)   103

TABLE 45              SUPPORT & REGULATORY MAINTENANCE: TAX MANAGEMENT MARKET,

BY REGION, 2025–2030 (USD MILLION)   104

TABLE 46              TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE, 2020–2024 (USD MILLION)             107

TABLE 47              TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE, 2025–2030 (USD MILLION)             107

TABLE 48              ON-PREMISES: TAX MANAGEMENT MARKET, BY REGION,

2020–2024 (USD MILLION)            107

TABLE 49              ON-PREMISES: TAX MANAGEMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            108

TABLE 50              CLOUD: TAX MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)          108

TABLE 51              CLOUD: TAX MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)          109

TABLE 52              TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)               112

TABLE 53              TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)               112

TABLE 54              LARGE ENTERPRISES: TAX MANAGEMENT MARKET, BY REGION,

2020–2024 (USD MILLION)            113

TABLE 55              LARGE ENTERPRISES: TAX MANAGEMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            113

TABLE 56              SMALL & MEDIUM-SIZED ENTERPRISES: TAX MANAGEMENT MARKET,

BY REGION, 2020–2024 (USD MILLION)   114

TABLE 57              SMALL & MEDIUM-SIZED ENTERPRISES: TAX MANAGEMENT MARKET,

BY REGION, 2025–2030 (USD MILLION)   114

TABLE 58              TAX MANAGEMENT MARKET, BY TAX TYPE, 2020–2024 (USD MILLION)            117

TABLE 59              TAX MANAGEMENT MARKET, BY TAX TYPE, 2025–2030 (USD MILLION)            117

TABLE 60              INDIRECT TAXES: TAX MANAGEMENT MARKET, BY REGION,

2020–2024 (USD MILLION)            117

TABLE 61              INDIRECT TAXES: TAX MANAGEMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            118

TABLE 62              DIRECT TAXES: TAX MANAGEMENT MARKET, BY REGION,

2020–2024 (USD MILLION)            120

TABLE 63              DIRECT TAXES: TAX MANAGEMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            120

TABLE 64              TAX MANAGEMENT MARKET, BY VERTICAL, 2020–2024 (USD MILLION)            124

TABLE 65              TAX MANAGEMENT MARKET, BY VERTICAL, 2025–2030 (USD MILLION)            124

TABLE 66              BFSI: TAX MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)            125

TABLE 67              BFSI: TAX MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)            125

TABLE 68              IT & TELECOM: TAX MANAGEMENT MARKET, BY REGION,

2020–2024 (USD MILLION)            127

TABLE 69              IT & TELECOM: TAX MANAGEMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            127

TABLE 70              MANUFACTURING: TAX MANAGEMENT MARKET, BY REGION,

2020–2024 (USD MILLION)            128

TABLE 71              MANUFACTURING: TAX MANAGEMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            129

TABLE 72              RETAIL & E-COMMERCE: TAX MANAGEMENT MARKET, BY REGION,

2020–2024 (USD MILLION)            130

TABLE 73              RETAIL & E-COMMERCE: TAX MANAGEMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            130

TABLE 74              HEALTHCARE & LIFE SCIENCES: TAX MANAGEMENT MARKET,

BY REGION, 2020–2024 (USD MILLION)   132

TABLE 75              HEALTHCARE & LIFE SCIENCES: TAX MANAGEMENT MARKET,

BY REGION, 2025–2030 (USD MILLION)   132

TABLE 76              GOVERNMENT & PUBLIC SECTOR: TAX MANAGEMENT MARKET,

BY REGION, 2020–2024 (USD MILLION)   133

TABLE 77              GOVERNMENT & PUBLIC SECTOR: TAX MANAGEMENT MARKET,

BY REGION, 2025–2030 (USD MILLION)   134

TABLE 78              ENERGY & UTILITIES: TAX MANAGEMENT MARKET, BY REGION,

2020–2024 (USD MILLION)            135

TABLE 79              ENERGY & UTILITIES: TAX MANAGEMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            135

TABLE 80              OTHERS: TAX MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)          137

TABLE 81              OTHERS: TAX MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)          137

TABLE 82              TAX MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)       139

TABLE 83              TAX MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)       140

TABLE 84             NORTH AMERICA: TAX MANAGEMENT MARKET, BY OFFERING,

2020–2024 (USD MILLION)            142

TABLE 85             NORTH AMERICA: TAX MANAGEMENT MARKET, BY OFFERING,

2025–2030 (USD MILLION)            142

TABLE 86             NORTH AMERICA: TAX MANAGEMENT MARKET, BY SOLUTION TYPE,

2020–2024 (USD MILLION)            142

TABLE 87             NORTH AMERICA: TAX MANAGEMENT MARKET, BY SOLUTION TYPE,

2025–2030 (USD MILLION)            143

TABLE 88             NORTH AMERICA: TAX MANAGEMENT MARKET, BY SERVICE,

2020–2024 (USD MILLION)            143

TABLE 89             NORTH AMERICA: TAX MANAGEMENT MARKET, BY SERVICE,

2025–2030 (USD MILLION)            143

TABLE 90             NORTH AMERICA: TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE,

2020–2024 (USD MILLION)            144

TABLE 91             NORTH AMERICA: TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE,

2025–2030 (USD MILLION)            144

TABLE 92             NORTH AMERICA: TAX MANAGEMENT MARKET, BY TAX TYPE,

2020–2024 (USD MILLION)            144

TABLE 93             NORTH AMERICA: TAX MANAGEMENT MARKET, BY TAX TYPE,

2025–2030 (USD MILLION)            144

TABLE 94             NORTH AMERICA: TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE,

2020–2024 (USD MILLION)            145

TABLE 95             NORTH AMERICA: TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE,

2025–2030 (USD MILLION)            145

TABLE 96             NORTH AMERICA: TAX MANAGEMENT MARKET, BY VERTICAL,

2020–2024 (USD MILLION)            145

TABLE 97             NORTH AMERICA: TAX MANAGEMENT MARKET, BY VERTICAL,

2025–2030 (USD MILLION)            146

TABLE 98             NORTH AMERICA: TAX MANAGEMENT MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            146

TABLE 99             NORTH AMERICA: TAX MANAGEMENT MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            146

TABLE 100            US: TAX MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)            147

TABLE 101            US: TAX MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)            147

TABLE 102            CANADA: TAX MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)     148

TABLE 103            CANADA: TAX MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)     148

TABLE 104            EUROPE: TAX MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)     150

TABLE 105            EUROPE: TAX MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)     150

TABLE 106            EUROPE: TAX MANAGEMENT MARKET, BY SOLUTION TYPE,

2020–2024 (USD MILLION)            150

TABLE 107            EUROPE: TAX MANAGEMENT MARKET, BY SOLUTION TYPE,

2025–2030 (USD MILLION)            151

TABLE 108            EUROPE: TAX MANAGEMENT MARKET, BY SERVICE, 2020–2024 (USD MILLION)         151

TABLE 109            EUROPE: TAX MANAGEMENT MARKET, BY SERVICE, 2025–2030 (USD MILLION)         151

TABLE 110            EUROPE: TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE,

2020–2024 (USD MILLION)            152

TABLE 111            EUROPE: TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE,

2025–2030 (USD MILLION)            152

TABLE 112            EUROPE: TAX MANAGEMENT MARKET, BY TAX TYPE, 2020–2024 (USD MILLION)                152

TABLE 113            EUROPE: TAX MANAGEMENT MARKET, BY TAX TYPE, 2025–2030 (USD MILLION)                152

TABLE 114            EUROPE: TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE,

2020–2024 (USD MILLION)            153

TABLE 115            EUROPE: TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE,

2025–2030 (USD MILLION)            153

TABLE 116            EUROPE: TAX MANAGEMENT MARKET, BY VERTICAL, 2020–2024 (USD MILLION)     153

TABLE 117            EUROPE: TAX MANAGEMENT MARKET, BY VERTICAL, 2025–2030 (USD MILLION)     154

TABLE 118            EUROPE: TAX MANAGEMENT MARKET, BY COUNTRY, 2020–2024 (USD MILLION)     154

TABLE 119            EUROPE: TAX MANAGEMENT MARKET, BY COUNTRY, 2025–2030 (USD MILLION)     154

TABLE 120          UK: TAX MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)            155

TABLE 121          UK: TAX MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)            155

TABLE 122            GERMANY: TAX MANAGEMENT MARKET, BY OFFERING,

2020–2024 (USD MILLION)            156

TABLE 123            GERMANY: TAX MANAGEMENT MARKET, BY OFFERING,

2025–2030 (USD MILLION)            156

TABLE 124            FRANCE: TAX MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)     157

TABLE 125            FRANCE: TAX MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)     157

TABLE 126            ITALY: TAX MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)     158

TABLE 127            ITALY: TAX MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)     158

TABLE 128            REST OF EUROPE: TAX MANAGEMENT MARKET, BY OFFERING,

2020–2024 (USD MILLION)            159

TABLE 129            REST OF EUROPE: TAX MANAGEMENT MARKET, BY OFFERING,

2025–2030 (USD MILLION)            159

TABLE 130            ASIA PACIFIC: TAX MANAGEMENT MARKET, BY OFFERING,

2020–2024 (USD MILLION)            161

TABLE 131            ASIA PACIFIC: TAX MANAGEMENT MARKET, BY OFFERING,

2025–2030 (USD MILLION)            162

TABLE 132            ASIA PACIFIC: TAX MANAGEMENT MARKET, BY SOLUTION TYPE,

2020–2024 (USD MILLION)            162

TABLE 133            ASIA PACIFIC: TAX MANAGEMENT MARKET, BY SOLUTION TYPE,

2025–2030 (USD MILLION)            162

TABLE 134            ASIA PACIFIC: TAX MANAGEMENT MARKET, BY SERVICE,

2020–2024 (USD MILLION)            163

TABLE 135            ASIA PACIFIC: TAX MANAGEMENT MARKET, BY SERVICE,

2025–2030 (USD MILLION)            163

TABLE 136            ASIA PACIFIC: TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE,

2020–2024 (USD MILLION)            163

TABLE 137            ASIA PACIFIC: TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE,

2025–2030 (USD MILLION)            163

TABLE 138            ASIA PACIFIC: TAX MANAGEMENT MARKET, BY TAX TYPE,

2020–2024 (USD MILLION)            164

TABLE 139            ASIA PACIFIC: TAX MANAGEMENT MARKET, BY TAX TYPE,

2025–2030 (USD MILLION)            164

TABLE 140            ASIA PACIFIC: TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE,

2020–2024 (USD MILLION)            164

TABLE 141            ASIA PACIFIC: TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE,

2025–2030 (USD MILLION)            164

TABLE 142            ASIA PACIFIC: TAX MANAGEMENT MARKET, BY VERTICAL,

2020–2024 (USD MILLION)            165

TABLE 143            ASIA PACIFIC: TAX MANAGEMENT MARKET, BY VERTICAL,

2025–2030 (USD MILLION)            165

TABLE 144            ASIA PACIFIC: TAX MANAGEMENT MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            165

TABLE 145            ASIA PACIFIC: TAX MANAGEMENT MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            166

TABLE 146            CHINA: TAX MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)     166

TABLE 147            CHINA: TAX MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)     167

TABLE 148            JAPAN: TAX MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)     167

TABLE 149            JAPAN: TAX MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)     167

TABLE 150            INDIA: TAX MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)     168

TABLE 151            INDIA: TAX MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)     168

TABLE 152            REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET, BY OFFERING,

2020–2024 (USD MILLION)            169

TABLE 153            REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET,

BY OFFERING, 2025–2030 (USD MILLION)               169

TABLE 154            MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET,

BY OFFERING, 2020–2024 (USD MILLION)               171

TABLE 155            MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET,

BY OFFERING, 2025–2030 (USD MILLION)               171

TABLE 156            MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET,

BY SOLUTION TYPE, 2020–2024 (USD MILLION) 171

TABLE 157            MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET,

BY SOLUTION TYPE, 2025–2030 (USD MILLION) 172

TABLE 158            MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET,

BY SERVICE, 2020–2024 (USD MILLION)  172

TABLE 159            MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET,

BY SERVICE, 2025–2030 (USD MILLION)  172

TABLE 160            MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET,

BY DEPLOYMENT MODE, 2020–2024 (USD MILLION)        173

TABLE 161            MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET,

BY DEPLOYMENT MODE, 2025–2030 (USD MILLION)        173

TABLE 162            MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET,

BY TAX TYPE, 2020–2024 (USD MILLION)                173

TABLE 163            MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET,

BY TAX TYPE, 2025–2030 (USD MILLION)                173

TABLE 164            MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET,

BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)         174

TABLE 165            MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET,

BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)         174

TABLE 166            MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET,

BY VERTICAL, 2020–2024 (USD MILLION)               174

TABLE 167            MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET,

BY VERTICAL, 2025–2030 (USD MILLION)               175

TABLE 168            MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET,

BY COUNTRY, 2020–2024 (USD MILLION)               175

TABLE 169            MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET,

BY COUNTRY, 2025–2030 (USD MILLION)               175

TABLE 170            GCC: TAX MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)     176

TABLE 171            GCC: TAX MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)     176

TABLE 172            GCC COUNTRIES: TAX MANAGEMENT MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            176

TABLE 173            GCC COUNTRIES: TAX MANAGEMENT MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            177

TABLE 174            KSA: TAX MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)     177

TABLE 175            KSA: TAX MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)     177

TABLE 176            UAE: TAX MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)     178

TABLE 177            UAE: TAX MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)     178

TABLE 178            REST OF GCC: TAX MANAGEMENT MARKET, BY OFFERING,

2020–2024 (USD MILLION)            179

TABLE 179            REST OF GCC: TAX MANAGEMENT MARKET, BY OFFERING,

2025–2030 (USD MILLION)            179

TABLE 180            SOUTH AFRICA: TAX MANAGEMENT MARKET, BY OFFERING,

2020–2024 (USD MILLION)            180

TABLE 181            SOUTH AFRICA: TAX MANAGEMENT MARKET, BY OFFERING,

2025–2030 (USD MILLION)            180

TABLE 182            REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET,

BY OFFERINGS, 2020–2024 (USD MILLION)            180

TABLE 183            REST OF MIDDLE EAST & AFRICA TAX MANAGEMENT MARKET,

BY OFFERINGS, 2025–2030 (USD MILLION)            181

TABLE 184            LATIN AMERICA: TAX MANAGEMENT MARKET, BY OFFERING,

2020–2024 (USD MILLION)            182

TABLE 185            LATIN AMERICA: TAX MANAGEMENT MARKET, BY OFFERING,

2025–2030 (USD MILLION)            182

TABLE 186            LATIN AMERICA: TAX MANAGEMENT MARKET, BY SOLUTION TYPE,

2020–2024 (USD MILLION)            182

TABLE 187            LATIN AMERICA: TAX MANAGEMENT MARKET, BY SOLUTION TYPE,

2025–2030 (USD MILLION)            183

TABLE 188            LATIN AMERICA: TAX MANAGEMENT MARKET, BY SERVICE,

2020–2024 (USD MILLION)            183

TABLE 189            LATIN AMERICA: TAX MANAGEMENT MARKET, BY SERVICE,

2025–2030 (USD MILLION)            183

TABLE 190            LATIN AMERICA: TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE,

2020–2024 (USD MILLION)            184

TABLE 191            LATIN AMERICA: TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE,

2025–2030 (USD MILLION)            184

TABLE 192            LATIN AMERICA: TAX MANAGEMENT MARKET, BY TAX TYPE,

2020–2024 (USD MILLION)            184

TABLE 193            LATIN AMERICA: TAX MANAGEMENT MARKET, BY TAX TYPE,

2025–2030 (USD MILLION)            184

TABLE 194            LATIN AMERICA: TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE,

2020–2024 (USD MILLION)            185

TABLE 195            LATIN AMERICA: TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE,

2025–2030 (USD MILLION)            185

TABLE 196            LATIN AMERICA: TAX MANAGEMENT MARKET, BY VERTICAL,

2020–2024 (USD MILLION)            185

TABLE 197            LATIN AMERICA: TAX MANAGEMENT MARKET, BY VERTICAL,

2025–2030 (USD MILLION)            186

TABLE 198            LATIN AMERICA: TAX MANAGEMENT MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            186

TABLE 199            LATIN AMERICA: TAX MANAGEMENT MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            186

TABLE 200            BRAZIL: TAX MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)     187

TABLE 201            BRAZIL: TAX MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)     187

TABLE 202            MEXICO: TAX MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)     188

TABLE 203            MEXICO: TAX MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)     188

TABLE 204            REST OF LATIN AMERICA: TAX MANAGEMENT MARKET,

BY OFFERING, 2020–2024 (USD MILLION)               189

TABLE 205            REST OF LATIN AMERICA: TAX MANAGEMENT MARKET,

BY OFFERING, 2025–2030 (USD MILLION)               189

TABLE 206            OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN TAX MANAGEMENT MARKET, 2023-2025        190

TABLE 207            TAX MANAGEMENT MARKET: DEGREE OF COMPETITION, 2024       194

TABLE 208            TAX MANAGEMENT MARKET: REGION FOOTPRINT       202

TABLE 209            TAX MANAGEMENT MARKET: OFFERING FOOTPRINT       203

TABLE 210            TAX MANAGEMENT MARKET: DEPLOYMENT MODE FOOTPRINT         203

TABLE 211            TAX MANAGEMENT MARKET: TAX TYPE FOOTPRINT       204

TABLE 212            TAX MANAGEMENT MARKET: ORGANIZATION SIZE FOOTPRINT              204

TABLE 213            TAX MANAGEMENT MARKET: VERTICAL FOOTPRINT       205

TABLE 214            TAX MANAGEMENT MARKET: LIST OF KEY STARTUPS/SMES              208

TABLE 215            TAX MANAGEMENT MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES   209

TABLE 216            TAX MANAGEMENT MARKET: PRODUCT LAUNCHES, FEBRUARY 2023–JUNE 2025  210

TABLE 217            TAX MANAGEMENT MARKET: DEALS, FEBRUARY 2023–JUNE 2025           217

TABLE 218            WOLTERS KLUWER: COMPANY OVERVIEW                 222

TABLE 219            WOLTERS KLUWER: PRODUCTS/SOLUTIONS/SERVICES OFFERED    223

TABLE 220            WOLTERS KLUWER: DEALS         224

TABLE 221            THOMSON REUTERS: COMPANY OVERVIEW                 226

TABLE 222            THOMSON REUTERS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    227

TABLE 223            THOMSON REUTERS: PRODUCT LAUNCHES AND ENHANCEMENTS  229

TABLE 224            AVALARA: COMPANY OVERVIEW              232

TABLE 225            AVALARA: PRODUCTS/SOLUTIONS/SERVICES OFFERED             232

TABLE 226            AVALARA: PRODUCT LAUNCHES AND ENHANCEMENTS             235

TABLE 227            AVALARA: DEALS             238

TABLE 228            ADP: COMPANY OVERVIEW        240

TABLE 229            ADP: PRODUCTS/SOLUTIONS/SERVICES OFFERED             241

TABLE 230            ADP: PRODUCT LAUNCHES AND ENHANCEMENTS             241

TABLE 231            VERTEX: COMPANY OVERVIEW 243

TABLE 232            VERTEX: PRODUCTS/SOLUTIONS/SERVICES OFFERED             244

TABLE 233            VERTEX: PRODUCT LAUNCHES AND ENHANCEMENTS             247

TABLE 234            VERTEX: DEALS                 248

TABLE 235            SOVOS: COMPANY OVERVIEW   250

TABLE 236            SOVOS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             250

TABLE 237            SOVOS: PRODUCT LAUNCHES AND ENHANCEMENTS             252

TABLE 238            SOVOS: DEALS  254

TABLE 239            INTUIT: COMPANY OVERVIEW  256

TABLE 240            INTUIT: PRODUCTS/SOLUTIONS/SERVICES OFFERED             257

TABLE 241            INTUIT: PRODUCT LAUNCHES AND ENHANCEMENTS             257

TABLE 242            INTUIT: DEALS 258

TABLE 243            H&R BLOCK: COMPANY OVERVIEW        259

TABLE 244            H&R BLOCK: PRODUCTS/SOLUTIONS/SERVICES OFFERED    260

TABLE 245            H&R BLOCK: PRODUCT LAUNCHES AND ENHANCEMENTS             260

TABLE 246            H&R BLOCK: DEALS        261

TABLE 247            SAP: COMPANY OVERVIEW         262

TABLE 248            SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED             263

TABLE 249            SAP: DEALS         264

TABLE 250            XERO: COMPANY OVERVIEW     265

TABLE 251            XERO: PRODUCTS/SOLUTIONS/SERVICES OFFERED             266

TABLE 252            XERO: DEALS     267

TABLE 253            CLOUD ERP MARKET, BY OFFERINGS, 2019–2023 (USD MILLION) 284

TABLE 254            CLOUD ERP MARKET, BY OFFERINGS, 2024–2029 (USD MILLION) 284

TABLE 255            CLOUD ERP MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)            284

TABLE 256            CLOUD ERP MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)            284

TABLE 257            TAX TECH MARKET, BY OFFERINGS, 2019–2023 (USD MILLION) 285

TABLE 258            TAX TECH MARKET, BY OFFERINGS, 2024–2030 (USD MILLION) 285

TABLE 259            TAX TECH MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)            285

TABLE 260            TAX TECH MARKET, BY DEPLOYMENT MODE, 2024–2030 (USD MILLION)            285

LIST OF FIGURES

FIGURE 1              TAX MANAGEMENT MARKET: RESEARCH DESIGN                33

FIGURE 2              BREAKUP OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION,

AND REGION     35

FIGURE 3              TAX MANAGEMENT MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES         37

FIGURE 4              MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH                38

FIGURE 5              MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH              39

FIGURE 6              TAX MANAGEMENT MARKET: RESEARCH FLOW                 39

FIGURE 7              MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS                 40

FIGURE 8              MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH FROM

SUPPLY SIDE – COLLECTIVE REVENUE OF VENDORS      40

FIGURE 9              TAX MANAGEMENT MARKET: DEMAND-SIDE APPROACH         41

FIGURE 10            RESEARCH LIMITATIONS             44

FIGURE 11            GLOBAL TAX MANAGEMENT MARKET TO WITNESS SIGNIFICANT GROWTH             46

FIGURE 12            FASTEST-GROWING SEGMENTS IN TAX MANAGEMENT MARKET, 2025–2030          47

FIGURE 13            TAX MANAGEMENT MARKET: REGIONAL SNAPSHOT          48

FIGURE 14            GROWING COMPLEXITY IN TAX LAWS ACROSS JURISDICTIONS TO ADOPT TAX MANAGEMENT SOLUTIONS FOR ACCURATE COMPLIANCE AND REPORTING              50

FIGURE 15            SERVICES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 51

FIGURE 16            CLOUD SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING

FORECAST PERIOD         51

FIGURE 17            INDIRECT TAX SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 52

FIGURE 18            LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD                 52

FIGURE 19            BFSI VERTICAL TO ACCOUNT FOR LARGEST MARKET SHARE DURING

FORECAST PERIOD         53

FIGURE 20            ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENT IN NEXT FIVE YEARS          53

FIGURE 21            TAX MANAGEMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES          54

FIGURE 22            TAX MANAGEMENT MARKET: ECOSYSTEM ANALYSIS            61

FIGURE 23            TAX MANAGEMENT MARKET: SUPPLY CHAIN ANALYSIS            62

FIGURE 24            TAX MANAGEMENT MARKET: AVERAGE SELLING PRICE TREND,

BY REGION, 2021–2025    64

FIGURE 25            NUMBER OF PATENTS PUBLISHED, 2014–2024                 66

FIGURE 26            TAX MANAGEMENT MARKET: PORTER’S FIVE FORCES ANALYSIS           77

FIGURE 27            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR VERTICALS            79

FIGURE 28            KEY BUYING CRITERIA FOR TOP THREE VERTICALS         79

FIGURE 29            TAX MANAGEMENT MARKET: TRENDS AND DISRUPTIONS IMPACTING

CUSTOMER BUSINESS   81

FIGURE 30            INVESTMENT AND FUNDING SCENARIO OF MAJOR TAX MANAGEMENT COMPANIES              83

FIGURE 31            SOLUTIONS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD       87

FIGURE 32            CLOUD SEGMENT TO LEAD MARKET DURING FORECAST PERIOD         106

FIGURE 33            LARGE ENTERPRISES SEGMENT TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD      111

FIGURE 34            INDIRECT TAX TYPE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD    116

FIGURE 35            BFSI SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD       123

FIGURE 36            NORTH AMERICA TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD             139

FIGURE 37            NORTH AMERICA: MARKET SNAPSHOT 141

FIGURE 38            ASIA PACIFIC: MARKET SNAPSHOT          161

FIGURE 39            TAX MANAGEMENT MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2020–2024    192

FIGURE 40            TAX MANAGEMENT MARKET: MARKET SHARE ANALYSIS, 2024  193

FIGURE 41            TAX MANAGEMENT MARKET: BRAND PRODUCT COMPARISON              195

FIGURE 42            COMPANY VALUATION OF KEY VENDORS                 197

FIGURE 43            FINANCIAL METRICS OF KEY VENDORS 198

FIGURE 44            YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND FIVE-YEAR STOCK BETA OF

KEY VENDORS  198

FIGURE 45            COMPANY EVALUATION MATRIX FOR KEY PLAYERS: CRITERIA WEIGHTAGE             199

FIGURE 46            TAX MANAGEMENT MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2024       201

FIGURE 47            TAX MANAGEMENT MARKET: COMPANY FOOTPRINT       202

FIGURE 48            EVALUATION MATRIX FOR STARTUPS/SMES: CRITERIA WEIGHTAGE 206

FIGURE 49            TAX MANAGEMENT MARKET: COMPANY EVALUATION MATRIX

(STARTUPS/SMES), 2024                207

FIGURE 50            WOLTERS KLUWER: COMPANY SNAPSHOT                 223

FIGURE 51            THOMSON REUTERS: COMPANY SNAPSHOT                 227

FIGURE 52            ADP: COMPANY SNAPSHOT        240

FIGURE 53            VERTEX: COMPANY SNAPSHOT 243

FIGURE 54            INTUIT: COMPANY SNAPSHOT 256

FIGURE 55            H&R BLOCK: COMPANY SNAPSHOT        259

FIGURE 56            SAP: COMPANY SNAPSHOT         263

FIGURE 57            XERO: COMPANY SNAPSHOT     266