税務テクノロジー市場 – 2030年までの世界予測

Tax Tech Market - Global Forecast To 2030

税務テクノロジー市場 - 税務コンプライアンスと報告(VAT/GSTコンプライアンス)、税務分析とAI主導型ソリューション(予測分析、AIを活用した税務監査とリスク評価)、税務ワークフローと文書管理(税務文書自動化) - 2030年までの世界予測
Tax Tech Market by Tax Compliance & Reporting (VAT/GST Compliance), Tax Analytics & AI-driven Solutions (Predictive Analytics, AI-powered Tax Audits & Risk Assessment), Tax Workflow & Document Management (Tax Document Automation) - Global Forecast to 2030

商品番号 : SMB-76000

出版社MarketsandMarkets
出版年月2025年3月
ページ数290
図表数325
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

Report Overview

The global tax tech market will grow from USD 18.53 billion in 2024 to USD 36.72 billion by 2030 at a compounded annual growth rate (CAGR) of 12.1% during the forecast period.

世界の税務テクノロジー市場は、予測期間中に年平均成長率(CAGR)12.1%で成長し、2024年の185.3億米ドルから2030年には367.2億米ドルに成長すると予想されます。

The growing complexity of international trade and changing global tax rules will likely play a significant role in creating demand for tax technology solutions. As companies go global, they struggle to cope with various tax regimes, compliance, and reporting standards. This has generated an urgent need for real-time, automated tax management solutions. Tax technology solutions provide increased accuracy, efficiency, and transparency, enabling organizations to minimize compliance risk and respond rapidly to changing regulations. Increasing pressure from worldwide tax authorities for greater transparency also increases the movement towards digital tax platforms.

国際貿易の複雑化と世界的な税制の変化は、税務テクノロジーソリューションの需要創出に大きな役割を果たすと考えられます。企業がグローバル化するにつれ、さまざまな税制、コンプライアンス、報告基準への対応に苦慮しています。このため、リアルタイムの自動化された税務管理ソリューションが緊急に必要とされています。税務テクノロジーソリューションは、精度、効率、透明性を高め、組織がコンプライアンスリスクを最小限に抑え、変化する規制に迅速に対応できるようにします。世界中の税務当局から透明性の向上を求める圧力が高まっていることも、デジタル税務プラットフォームへの移行を加速させています。

税務テクノロジー市場 - 2030年までの世界予測
tax-tech-market

“Based on offering, the professional services segment is expected to grow at the highest CAGR during the forecast period.”

The professional services segment in the tax technology market offering category is projected to grow at the highest CAGR over the forecast period as demand for expert advice in deploying and operating sophisticated tax solutions increases. As companies increasingly go digital with tax tools to keep up with changing tax laws and automate tasks, they tend to need specialized services in integrating systems, customizing, training, and maintenance. Professional service firms provide customized consulting and implementation services that enable organizations to maximize tax operations, minimize compliance risk, and enhance accuracy. The expansion is also fueled by the internationalization of businesses into various tax jurisdictions, which requires localized knowledge and strategic tax planning. In addition, with governments implementing stronger compliance and e-filing requirements, firms are approaching external advisors for seamless digital transformation, thus driving demand for professional services within the tax technology industry.

Based on the verticals, the BFSI segment is expected to have the largest market share during the forecast period.

The BFSI sector is expected to lead the tax tech market because it deals with complex financial operations and stringent regulatory requirements. Financial institutions and banks process a massive number of transactions on a day-to-day basis, sometimes within various nations, so it becomes imperative to use effective, mechanized tax regimes. Tax technology solutions help these companies keep track of constantly evolving tax regulations, minimize manual efforts, and eliminate mistakes or compliance failures. With increasing digitalization, most BFSI firms are embracing cloud-based offerings, AI-enabled analytics, and automation to make their tax functions more efficient. Not only do these technologies simplify operations, but they also help save time and reduce levels of risk. In turn, the BFSI industry is going big on tax technology, leading the charge regarding market innovation.

“Based on the region, Europe is expected to hold the second highest market share during the forecast period.”

Based on the region, Europe is expected to hold the second-highest market share in the tax tech market during the forecast period, driven by accelerated digital transformation and a surge in regulatory mandates. Initiatives like the European Commission’s VAT in the Digital Age (ViDA) package are transforming the region’s tax environment by implementing compulsory e-invoicing, enhancing digital reporting, and simplifying cross-border VAT procedures. In addition, the OECD’s BEPS 2.0 Pillar Two and the EU’s evolving DAC framework (DAC7 and DAC8) are stimulating greater transparency and leading companies to adopt AI-powered tax automation and cloud-based compliance software. National-level frameworks such as Italy’s SDI and France’s CTC model reflect the region’s commitment to sophisticated digital tax architecture. While these developments solidify Europe’s stronghold on the global market, other parts, such as North America, are set to take the lead, pushing Europe to the second-highest rank due to its ongoing but phased regulatory adoption and regional fragmentation.

税務テクノロジー市場 - 2030年までの世界予測 region
tax-tech-market-region

Breakdown of primaries

We interviewed Chief Executive Officers (CEOs), directors of innovation and technology, system integrators, and executives from several significant tax tech market companies.

  • By Company: Tier I: 40%, Tier II: 25%, and Tier III: 35%
  • By Designation: C-Level Executives: 25%, Director Level: 37%, and Others: 38%
  • By Region: North America: 38%, Europe: 24%, Asia Pacific: 22%, Rest of World: 16%

Some of the significant tax tech market vendors are Wolters Kluwer (Netherlands), H&R Block (US), Avalara (US), and Vertex.inc (US), Thomson Reuters (Canada), SAP (Germany), ADP (US), Sovos (US), Intuit (US) and Xero (New Zealand).

税務テクノロジー市場 - 2030年までの世界予測 ecosystem
tax-tech-market-ecosystem

Research coverage:

The market report covered the tax tech market across segments. We estimated the market size and growth potential for many segments based on offerings, tax type, deployment mode, organization size, verticals, and region. It contains a thorough competition analysis of the major market participants, information about their businesses, essential observations about their product and service offerings, current trends, and critical market strategies.

Reasons to buy this report:

With information on the most accurate revenue estimates for the whole tax tech industry and its subsegments, the research will benefit market leaders and recent newcomers. Stakeholders will benefit from this report’s increased understanding of the competitive environment, which will help them better position their companies and develop go-to-market strategies. The research offers information on the main market drivers, constraints, opportunities, and challenges, as well as aids players in understanding the pulse of the industry.

The report provides insights on the following pointers:

Analysis of key drivers (complex cross-border trade tax regulations, state & local tax rate variability, corporate ESG & tax transparency initiatives), restraints (lack of awareness of tax tech in developing countries), opportunities (integration with financial systems, the rise of digital currencies & crypto taxation), and challenges (frequent changes in tax laws & regulations) influencing the growth of the tax tech market.

  • Product Development/Innovation: Comprehensive analysis of emerging technologies, R&D initiatives, and new service and product introductions in the tax tech market.
  • Market Development: In-depth details regarding profitable markets: the paper examines the global tax tech market.
  • Market Diversification: Comprehensive details regarding recent advancements, investments, unexplored regions, new goods and services, and the tax tech market.
  • Competitive Assessment: Thorough analysis of the market shares, expansion plans, and service portfolios of the top competitors in the tax tech industry, such as Wolters Kluwer (Netherlands), H&R Block (US), Avalara (US), and Vertex.Inc (US) and Thomson Reuters (Canada).

Table of Contents

1               INTRODUCTION              27

1.1           STUDY OBJECTIVES       27

1.2           MARKET DEFINITION   27

1.2.1        INCLUSIONS AND EXCLUSIONS 28

1.3           MARKET SCOPE                29

1.3.1        MARKET SEGMENTATION           29

1.3.2        YEARS CONSIDERED      30

1.4           CURRENCY          30

1.5           STAKEHOLDERS               31

2               RESEARCH METHODOLOGY       32

2.1           RESEARCH APPROACH  32

2.1.1        SECONDARY DATA          33

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       41

2.5           RESEARCH ASSUMPTIONS           42

2.6           LIMITATIONS    44

3               EXECUTIVE SUMMARY  45

4               PREMIUM INSIGHTS       49

4.1           OVERVIEW OF TAX TECH MARKET          49

4.2           TAX TECH MARKET, BY OFFERING          50

4.3           TAX TECH MARKET, BY SOLUTION         50

4.4           TAX TECH MARKET, BY PROFESSIONAL SERVICE                 51

4.5           TAX TECH MARKET, BY DEPLOYMENT MODE    51

4.6           TAX TECH MARKET, BY TAX TYPE            52

4.7           TAX TECH MARKET, BY ORGANIZATION SIZE    52

4.8           TAX TECH MARKET, BY VERTICAL           53

4.9           TAX TECH MARKET: REGIONAL SCENARIO          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    Complex cross-border trade tax regulations     55

5.2.1.2    State and local tax rate variability      55

5.2.1.3    Corporate ESG & tax transparency initiatives 56

5.2.2        RESTRAINTS      56

5.2.2.1    Lack of awareness of tax tech in developing countries   56

5.2.3        OPPORTUNITIES              57

5.2.3.1    Integration with financial systems     57

5.2.3.2    Rise of digital currencies & cryptotaxation       57

5.2.4        CHALLENGES    58

5.2.4.1    Frequent changes in tax laws & regulations     58

5.3           CASE STUDY ANALYSIS 59

5.3.1        CASE STUDY 1: WINNING E-COMMERCE WITH VINCULUM AND AVALARA          59

5.3.2        CASE STUDY 2: DRIVING TAX DEPARTMENT EFFICIENCY AND MINIMIZING COMPLIANCE RISKS         59

5.3.3        CASE STUDY 3: ACHIEVING OPERATIONAL EXCELLENCE WITH CCH PROSYSTEM FX TAX AND CCH AXCESS SUITE    60

5.3.4        CASE STUDY 4: BERGER, ELLIOTT & PRITCHARD’S JOURNEY WITH CCH PROSYSTEM FX TAX AND CCH AXCESS SUITE    61

5.3.5        CASE STUDY 5: INOVONICS FINDS COMPLETE TAX COMPLIANCE PACKAGE WITH AVALARA              61

5.4           ECOSYSTEM ANALYSIS  62

5.5           VALUE CHAIN ANALYSIS               63

5.6           PRICING ANALYSIS          66

5.6.1        AVERAGE SELLING PRICE OF KEY PLAYERS, BY ORGANIZATION SIZE     66

5.6.2        INDICATIVE PRICING OF KEY PLAYERS, BY SOLUTION                 66

5.7           PATENT ANALYSIS          70

5.7.1        LIST OF MAJOR PATENTS             71

5.8           TECHNOLOGY ANALYSIS             73

5.8.1        KEY TECHNOLOGIES     73

5.8.1.1    Blockchain             73

5.8.1.2    Cloud computing  73

5.8.1.3    AI & ML 74

5.8.1.4    Robotic Process Automation (RPA) for tax     74

5.8.1.5    API-first tax compliance     75

5.8.2        COMPLEMENTARY TECHNOLOGIES       75

5.8.2.1    Cybersecurity solutions       75

5.8.2.2    Financial management software         76

5.8.2.3    Data visualization tool         76

5.8.2.4    Big data & tax analytics       77

5.8.3        ADJACENT TECHNOLOGIES       77

5.8.3.1    Internet of Things (IoT)     77

5.8.3.2    5G connectivity     78

5.8.3.3    Digital currencies & cryptocurrencies platforms             78

5.9           REGULATORY LANDSCAPE         79

5.9.1        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             79

5.9.2        KEY REGULATIONS, BY REGION                80

5.9.2.1    North America      80

5.9.2.2    Europe   82

5.9.2.3    Asia Pacific            83

5.9.2.4    Middle East & South Africa                 84

5.9.2.5    Latin America       84

5.10         PORTER’S FIVE FORCES ANALYSIS           85

5.10.1      THREAT OF NEW ENTRANTS      86

5.10.2      THREAT OF SUBSTITUTES          86

5.10.3      BARGAINING POWER OF SUPPLIERS       86

5.10.4      BARGAINING POWER OF BUYERS             87

5.10.5      INTENSITY OF COMPETITIVE RIVALRY 87

5.11         KEY CONFERENCES AND EVENTS FROM 2025 TO 2026                 88

5.12         TRENDS/DISRUPTIONS IMPACTING BUYERS      88

5.13         KEY STAKEHOLDERS IN BUYING PROCESS           89

5.14         BUYING CRITERIA           90

5.15         BUSINESS MODEL ANALYSIS      91

5.15.1      PRICING MODEL              91

5.15.2      PAAS MODEL     92

5.15.3      IAAS MODEL      92

5.15.4      WHITE-LABEL MODEL  92

5.16         INVESTMENT & FUNDING SCENARIO     93

5.17         IMPACT OF AI/GEN AI ON TAX TECH MARKET   93

5.17.1      TOP USE CASES AND MARKET POTENTIAL          93

5.17.1.1  Key use cases         94

5.17.2      CASE STUDY      95

5.17.2.1  Use Case 1: H&R Block simplifies tax preparation with powerful AI tax assistant, built using Azure AI                 95

5.17.3      VENDOR INITIATIVE      96

5.17.3.1  Intuit      96

6               TAX TECH MARKET, BY OFFERING          97

6.1           INTRODUCTION              98

6.1.1        OFFERING: TAX TECH MARKET DRIVERS              98

6.2           SOLUTIONS        99

6.2.1        GROWING ADOPTION OF TAX TECH SOLUTIONS TO SIMPLIFY COMPLIANCE AND ENHANCE ACCURACY        99

6.2.2        TAX COMPLIANCE & REPORTING             101

6.2.2.1    Automated tax filing and reporting to ensure timely compliance                 101

6.2.2.2    Corporate tax compliance (direct & indirect taxes)        102

6.2.2.3    Sales and use tax automation              103

6.2.2.4    VAT/GST compliance        103

6.2.2.5    E-filing and tax return preparation    104

6.2.3        TAX ANALYTICS & AI-DRIVEN SOLUTIONS           104

6.2.3.1    Predictive analytics driving proactive tax planning and regulatory adaptation              104

6.2.3.2    Predictive analytics for tax planning 105

6.2.3.3    AI-powered tax audits and risk assessment      106

6.2.3.4    Tax data visualization and decision support    106

6.2.4        TAX WORKFLOW & DOCUMENT MANAGEMENT                 107

6.2.4.1    Advanced digital audit solutions to expedite tax filings and reduce errors      107

6.2.4.2    Tax document automation and e-signatures    108

6.2.4.3    Tax workflow collaboration platforms               108

6.2.4.4    Audit trail and regulatory documentation         109

6.3           PROFESSIONAL SERVICES            109

6.3.1        COMPREHENSIVE TAX TECH SUPPORT FOR SEAMLESS IMPLEMENTATION AND MAINTENANCE              109

6.3.2        CONSULTING & TRAINING          111

6.3.3        INTEGRATION & DEPLOYMENT                112

6.3.4        SUPPORT AND MAINTENANCE 113

7               TAX TECH MARKET, BY DEPLOYMENT MODE    115

7.1           INTRODUCTION              116

7.1.1        DEPLOYMENT MODE: TAX TECH MARKET DRIVERS                 116

7.2           CLOUD 117

7.2.1        CLOUD TAX TECH SOLUTIONS ENABLING MULTI-JURISDICTION COMPLIANCE AND REMOTE COLLABORATION                 117

7.3           ON-PREMISES   118

7.3.1        ON-PREMISES TAX TECH DEPLOYMENT FOR ENHANCED DATA SECURITY AND COMPLIANCE              118

8               TAX TECH MARKET, BY TAX TYPE            120

8.1           INTRODUCTION              121

8.1.1        TAX TYPE: TAX TECH MARKET DRIVERS               121

8.2           DIRECT TAX       122

8.2.1        STREAMLINING DIRECT TAX MANAGEMENT FOR COMPLIANCE AND EFFICIENCY                122

8.2.2        CORPORATE INCOME TAX           123

8.2.3        CAPITAL GAINS TAX       123

8.2.4        PROPERTY TAX 124

8.2.5        OTHER DIRECT TAXES  124

8.3           INDIRECT TAX  125

8.3.1        ENSURING ACCURATE VAT, GST, AND SALES TAX COMPLIANCE WITH AUTOMATION        125

8.3.2        VALUE-ADDED TAX (VAT) AND GOODS & SERVICES TAX (GST)    126

8.3.3        SALES & USE TAX              126

8.3.4        EXCISE TAX         127

8.3.5        CUSTOMS DUTIES & TARIFFS     127

8.3.6        OTHER INDIRECT TAXES              128

9               TAX TECH MARKET, BY ORGANIZATION SIZE    129

9.1           INTRODUCTION              130

9.1.1        ORGANIZATION SIZE: TAX TECH MARKET DRIVERS                 130

9.2           LARGE ENTERPRISES     131

9.2.1        DEMAND FOR TAX TRANSPARENCY AND RISK MITIGATION IN LARGE BUSINESSES DUE TO EVOLVING REGULATIONS AND COMPLIANCE REQUIREMENTS       131

9.3           SMES     132

9.3.1        DEMAND FOR COST-EFFECTIVE TAX TECH SOLUTIONS TO STREAMLINE SME COMPLIANCE AND FINANCIAL MANAGEMENT 132

10            TAX TECH MARKET, BY VERTICAL           134

10.1         INTRODUCTION              135

10.1.1      VERTICAL: TAX TECH MARKET DRIVERS               136

10.2         BFSI       137

10.2.1      NEED FOR AUTOMATED TAX COMPLIANCE AND RISK MITIGATION IN BFSI SECTOR    137

10.2.2      BFSI: USE CASES                138

10.2.2.1  Automated tax reporting for investment portfolios         138

10.2.2.2  Real-time VAT & GST compliance for financial transactions                 138

10.2.2.3  Withholding tax automation for cross-border payments                 138

10.3         IT & TELECOM  139

10.3.1      OPTIMIZING TAX COMPLIANCE AND FINANCIAL TRANSPARENCY IN IT & TELECOM SECTOR        139

10.3.2      IT & TELECOM: USE CASES          140

10.3.2.1  Automated digital services tax (DST) calculation           140

10.3.2.2  Telecom excise tax management        140

10.3.2.3  Automated compliance for SaaS subscription taxation   141

10.4         RETAIL & E-COMMERCE                141

10.4.1      AUTOMATING SALES TAX COMPLIANCE AND CROSS-BORDER TAX MANAGEMENT IN RETAIL & E-COMMERCE                 141

10.4.2      RETAIL & E-COMMERCE: USE CASES       142

10.4.2.1  Real-time sales tax calculation for online transactions   142

10.4.2.2  Automated marketplace facilitator for tax compliance   143

10.4.2.3  Cross-border e-commerce VAT compliance    143

10.5         MANUFACTURING          143

10.5.1      OPTIMIZING TAX CREDITS AND COMPLIANCE IN MANUFACTURING SUPPLY CHAINS        143

10.5.2      MANUFACTURING: USE CASES  144

10.5.2.1  Automated indirect tax compliance for supply chains    144

10.5.2.2  Excise duty calculation for regulated goods     145

10.5.2.3  Automated property tax management for factories & warehouses                 145

10.6         HEALTHCARE & LIFE SCIENCES 145

10.6.1      ENHANCING TAX ACCURACY IN MULTI-STATE HEALTHCARE SERVICES AND SUPPLIES                145

10.6.2      HEALTHCARE & LIFE SCIENCES: USE CASES         147

10.6.2.1  Automated R&D tax credit management for drug development                 147

10.6.2.2  Sales tax exemption validation for medical supplies       147

10.6.2.3  Medical device excise tax compliance                147

10.7         GOVERNMENT & PUBLIC SECTOR            148

10.7.1      STRENGTHENING TAX ADMINISTRATION AND REVENUE MANAGEMENT IN PUBLIC SECTOR    148

10.7.2      GOVERNMENT & PUBLIC SECTOR: USE CASES   149

10.7.2.1  Automated property tax collection & assessment            149

10.7.2.2  Blockchain-based taxpayer identity management            149

10.7.2.3  Automated tax relief processing for low-income citizens                 149

10.8         ENERGY & UTILITIES     150

10.8.1      DEMAND FOR TAX TECH SOLUTIONS TO OPTIMIZE RENEWABLE ENERGY CREDITS AND CARBON TAX COMPLIANCE    150

10.8.2      ENERGY & UTILITIES: USE CASES              151

10.8.2.1  Carbon tax calculation & compliance                151

10.8.2.2  Automated royalties & excise tax management for oil & gas                 151

10.8.2.3  Tax credit optimization for renewable energy investments                 151

10.9         OTHER VERTICALS         152

11            TAX TECH MARKET, BY REGION               154

11.1         INTRODUCTION              155

11.2         NORTH AMERICA             156

11.2.1      NORTH AMERICA: TAX TECH MARKET DRIVERS                 156

11.2.2      US           162

11.2.2.1  US modernizing tax leveraging AI     162

11.2.3      CANADA               163

11.2.3.1  CRA EFILE and certified software providers accelerating tax tech adoption in Canada              163

11.3         EUROPE               164

11.3.1      EUROPE: TAX TECH MARKET DRIVERS  164

11.3.2      UK          169

11.3.2.1  HMRC modernizing UK tax with MTD and AI integration in operations              169

11.3.3      GERMANY           170

11.3.3.1  Germany’s e-invoicing mandate boosting tax tech industry                 170

11.3.4      FRANCE                171

11.3.4.1  Tax mandates reshaping tech adoption in France           171

11.3.5      ITALY    172

11.3.5.1  Adopting tax tech for smart tax compliance and management                 172

11.3.6      REST OF EUROPE             173

11.4         ASIA PACIFIC     174

11.4.1      ASIA PACIFIC: TAX TECH MARKET DRIVERS        174

11.4.2      CHINA  180

11.4.2.1  Government mandates and corporate support boosting tax tech in China 180

11.4.3      JAPAN   181

11.4.3.1  New tax rules to shift Japan to tech-enabled tax              181

11.4.4      REST OF ASIA PACIFIC   181

11.5         MIDDLE EAST & AFRICA                182

11.5.1      MIDDLE EAST & AFRICA: TAX TECH MARKET DRIVERS                 183

11.5.2      GCC       188

11.5.2.1  Digital tax compliance navigating adoption of tax tech in GCC                 188

11.5.2.2  KSA        189

11.5.2.3  UAE        192

11.5.2.4  Rest of GCC countries         193

11.5.3      SOUTH AFRICA 194

11.5.3.1  Adoption of tax tech in South Africa for advancing transparency and compliance     194

11.5.4      REST OF MIDDLE EAST & AFRICA             194

11.6         LATIN AMERICA                195

11.6.1      LATIN AMERICA: TAX TECH MARKET DRIVERS  196

11.6.2      BRAZIL 200

11.6.2.1  Enhancing tax governance in Brazil through technology adoption                 200

11.6.3      MEXICO                201

11.6.3.1  SAT and rise of intelligent tax systems in Mexico           201

11.6.4      REST OF LATIN AMERICA             202

12            COMPETITIVE LANDSCAPE         203

12.1         INTRODUCTION              203

12.2         MARKET SHARE ANALYSIS           203

12.3         REVENUE ANALYSIS, 2019–2023  204

12.4         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 206

12.4.1      STARS   207

12.4.2      EMERGING LEADERS     207

12.4.3      PERVASIVE PLAYERS      207

12.4.4      PARTICIPANTS 207

12.5         BRAND/PRODUCT COMPARISON             209

12.5.1      WOLTERS KLUWER (CCH SURETAX)       210

12.5.2      H&R BLOCK (H&R BLOCK)           210

12.5.3      AVALARA (AVATAX)       210

12.5.4      VERTEX (VERTEX O SERIES)        210

12.5.5      THOMSON REUTERS (ONESOURCE DETERMINATION)                 210

12.5.6      COMPANY FOOTPRINT: KEY PLAYERS, 2024         211

12.5.6.1  Company footprint               211

12.5.6.2  Region footprint   211

12.5.6.3  Offering footprint 212

12.5.6.4  Tax type footprint                 212

12.5.6.5  Vertical footprint  213

12.6         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        213

12.6.1      PROGRESSIVE COMPANIES         214

12.6.2      RESPONSIVE COMPANIES            214

12.6.3      DYNAMIC COMPANIES  214

12.6.4      STARTING BLOCKS         214

12.6.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 216

12.6.5.1  Detailed list of key startups/SMEs    216

12.6.5.2  Competitive benchmarking of startups/SMEs 216

12.7         COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS  217

12.7.1      COMPANY VALUATION 217

12.7.2      FINANCIAL METRICS      217

12.8         COMPETITIVE SCENARIO             218

12.8.1      PRODUCT LAUNCHES   218

12.8.2      DEALS  223

13            COMPANY PROFILES      227

13.1         INTRODUCTION              227

13.2         MAJOR PLAYERS               227

13.2.1      WOLTERS KLUWER         227

13.2.1.1  Business overview 227

13.2.1.2  Products/Solutions/Services offered 228

13.2.1.3  Recent developments           230

13.2.1.3.1                Product launches and enhancements                 230

13.2.1.3.2                Deals      232

13.2.1.4  MnM view              232

13.2.1.4.1                Right to win           232

13.2.1.4.2                Strategic choices   233

13.2.1.4.3                Weaknesses and competitive threats 233

13.2.2      H&R BLOCK        234

13.2.2.1  Business overview 234

13.2.2.2  Products/Solutions/Services offered 235

13.2.2.3  Recent developments           235

13.2.2.3.1                Product launches and enhancements                 235

13.2.2.4  MnM view              236

13.2.2.4.1                Right to win           236

13.2.2.4.2                Strategic choices   236

13.2.2.4.3                Weaknesses and competitive threats 236

13.2.3      AVALARA             237

13.2.3.1  Business overview 237

13.2.3.2  Products/Solutions/Services offered 237

13.2.3.3  Recent developments           238

13.2.3.3.1                Product launches and enhancements                 238

13.2.3.3.2                Deals      239

13.2.3.4  MnM view              240

13.2.3.4.1                Right to win           240

13.2.3.4.2                Strategic choices   240

13.2.3.4.3                Weaknesses and competitive threats 240

13.2.4      VERTEX, INC.     241

13.2.4.1  Business overview 241

13.2.4.2  Products/Solutions/Services offered 242

13.2.4.3  Recent developments           243

13.2.4.3.1                Deals      243

13.2.4.4  MnM view              243

13.2.4.4.1                Right to win           243

13.2.4.4.2                Strategic choices   244

13.2.4.4.3                Weaknesses and competitive threats 244

13.2.5      THOMSON REUTERS      245

13.2.5.1  Business overview 245

13.2.5.2  Products/Solutions/Services offered 246

13.2.5.3  Recent developments           248

13.2.5.3.1                Product launches and enhancements                 248

13.2.5.3.2                Deals      248

13.2.5.4  MnM view              250

13.2.5.4.1                Right to win           250

13.2.5.4.2                Strategic choices   250

13.2.5.4.3                Weaknesses and competitive threats 250

13.2.6      SAP         251

13.2.6.1  Business overview 251

13.2.6.2  Products/Solutions/Services offered 252

13.2.6.3  Recent developments           253

13.2.6.3.1                Deals      253

13.2.7      ADP       254

13.2.7.1  Business overview 254

13.2.7.2  Products/Solutions/Services offered 255

13.2.7.3  Recent developments           256

13.2.7.3.1                Product launches and enhancements                 256

13.2.8      SOVOS  257

13.2.8.1  Business overview 257

13.2.8.2  Products/Solutions/Services offered 257

13.2.8.3  Recent developments           258

13.2.8.3.1                Product launches and enhancements                 258

13.2.8.3.2                Deals      258

13.2.9      INTUIT 260

13.2.9.1  Business overview 260

13.2.9.2  Products/Solutions/Services offered 261

13.2.9.3  Recent developments           262

13.2.9.3.1                Product launches and enhancements                 262

13.2.10   XERO     263

13.2.10.1                 Business overview 263

13.2.10.2                 Products/Solutions/Services offered 264

13.2.10.3                 Recent developments           265

13.2.10.3.1             Product launches and enhancements                 265

13.2.10.3.2             Deals      266

13.3         OTHER PLAYERS              267

13.3.1      TAXBIT 267

13.3.2      RYAN     268

13.3.3      TAXACT                269

13.3.4      CORVEE                270

13.3.5      ANROK 271

13.3.6      TAXSLAYER        272

13.3.7      FONOA 273

13.3.8      TOKEN TAX        274

13.3.9      DRAKE SOFTWARE          275

13.3.10   TAXJAR 276

13.3.11   PICNIC TAX        277

14            ADJACENT/RELATED MARKETS                278

14.1         INTRODUCTION              278

14.1.1      RELATED MARKETS        278

14.1.2      LIMITATIONS    278

14.2         TAX MANAGEMENT MARKET     278

14.3         TRADE MANAGEMENT MARKET               279

14.4         CLOUD ERP MARKET     280

15            APPENDIX           282

15.1         DISCUSSION GUIDE        282

15.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                286

15.3         CUSTOMIZATION OPTIONS        288

15.4         RELATED REPORTS         288

15.5         AUTHOR DETAILS           289

LIST OF TABLES

TABLE 1                USD EXCHANGE RATES, 2018–2023            31

TABLE 2                FACTOR ANALYSIS          41

TABLE 3                TAX TECH MARKET SIZE AND GROWTH,

2019–2023 (USD MILLION, YOY GROWTH %)        45

TABLE 4                TAX TECH MARKET SIZE AND GROWTH,

2024–2030 (USD MILLION, YOY GROWTH %)        45

TABLE 5                ROLE OF COMPANIES IN ECOSYSTEM    63

TABLE 6                INDICATIVE PRICING OF KEY PLAYERS, BY SOLUTION, 2024                67

TABLE 7                LIST OF MAJOR PATENTS             71

TABLE 8                NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 79

TABLE 9                EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           79

TABLE 10              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 79

TABLE 11              REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 80

TABLE 12              PORTER’S FIVE FORCES ANALYSIS: TAX TECH MARKET               85

TABLE 13              TAX TECH MARKET: KEY CONFERENCES AND EVENTS FROM 2025 TO 2026        88

TABLE 14              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP VERTICALS  89

TABLE 15              KEY BUYING CRITERIA FOR TOP VERTICALS                 90

TABLE 16              TAX TECH MARKET, BY OFFERING, 2019–2023 (USD MILLION) 98

TABLE 17              TAX TECH MARKET, BY OFFERING, 2024–2030 (USD MILLION) 99

TABLE 18              TAX TECH MARKET, BY SOLUTION, 2019–2023 (USD MILLION) 100

TABLE 19              TAX TECH MARKET, BY SOLUTION, 2024–2030 (USD MILLION) 100

TABLE 20              SOLUTION: TAX TECH MARKET, BY REGION, 2019–2023 (USD MILLION)            101

TABLE 21              SOLUTION: TAX TECH MARKET, BY REGION, 2024–2030 (USD MILLION)            101

TABLE 22              TAX COMPLIANCE & REPORTING: TAX TECH MARKET, BY REGION,

2019–2023 (USD MILLION)            102

TABLE 23              TAX COMPLIANCE & REPORTING: TAX TECH MARKET, BY REGION,

2024–2030 (USD MILLION)            102

TABLE 24              TAX ANALYTICS & AI-DRIVEN SOLUTIONS: TAX TECH MARKET, BY REGION,

2019–2023 (USD MILLION)            105

TABLE 25              TAX ANALYTICS & AI-DRIVEN SOLUTIONS: TAX TECH MARKET, BY REGION,

2024–2030 (USD MILLION)            105

TABLE 26              TAX WORKFLOW & DOCUMENT MANAGEMENT: TAX TECH MARKET, BY REGION,  2019–2023 (USD MILLION) 107

TABLE 27              TAX WORKFLOW & DOCUMENT MANAGEMENT: TAX TECH MARKET, BY REGION,  2024–2030 (USD MILLION) 108

TABLE 28              TAX TECH MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)         110

TABLE 29              TAX TECH MARKET, BY PROFESSIONAL SERVICE, 2024–2030 (USD MILLION)         110

TABLE 30              PROFESSIONAL SERVICES: TAX TECH MARKET, BY REGION,

2019–2023 (USD MILLION)            111

TABLE 31              PROFESSIONAL SERVICES: TAX TECH MARKET, BY REGION,

2024–2030 (USD MILLION)            111

TABLE 32              CONSULTING & TRAINING: TAX TECH MARKET, BY REGION,

2019–2023 (USD MILLION)            112

TABLE 33              CONSULTING & TRAINING: TAX TECH MARKET, BY REGION,

2024–2030 (USD MILLION)            112

TABLE 34              INTEGRATION & DEPLOYMENT: TAX TECH MARKET, BY REGION,

2019–2023 (USD MILLION)            113

TABLE 35              INTEGRATION & DEPLOYMENT: TAX TECH MARKET, BY REGION,

2024–2030 (USD MILLION)            113

TABLE 36              SUPPORT AND MAINTENANCE: TAX TECH MARKET, BY REGION,

2019–2023 (USD MILLION)            114

TABLE 37              SUPPORT AND MAINTENANCE: TAX TECH MARKET, BY REGION,

2024–2030 (USD MILLION)            114

TABLE 38              TAX TECH MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)            116

TABLE 39              TAX TECH MARKET, BY DEPLOYMENT MODE, 2024–2030 (USD MILLION)            117

TABLE 40              CLOUD: TAX TECH MARKET, BY REGION, 2019–2023 (USD MILLION)       117

TABLE 41              CLOUD: TAX TECH MARKET, BY REGION, 2024–2030 (USD MILLION)       118

TABLE 42              ON-PREMISES: TAX TECH MARKET, BY REGION, 2019–2023 (USD MILLION)            119

TABLE 43              ON-PREMISES: TAX TECH MARKET, BY REGION, 2024–2030 (USD MILLION)            119

TABLE 44              TAX TECH MARKET, BY TAX TYPE, 2019–2023 (USD MILLION) 121

TABLE 45              TAX TECH MARKET, BY TAX TYPE, 2024–2030 (USD MILLION) 122

TABLE 46              DIRECT TAX: TAX TECH MARKET, BY REGION, 2019–2023 (USD MILLION)            122

TABLE 47              DIRECT TAX: TAX TECH MARKET, BY REGION, 2024–2030 (USD MILLION)            123

TABLE 48              INDIRECT TAX: TAX TECH MARKET, BY REGION, 2019–2023 (USD MILLION)            125

TABLE 49              INDIRECT TAX: TAX TECH MARKET, BY REGION, 2024–2030 (USD MILLION)            126

TABLE 50              TAX TECH MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)            131

TABLE 51              TAX TECH MARKET, BY ORGANIZATION SIZE, 2024–2030 (USD MILLION)            131

TABLE 52              LARGE ENTERPRISES: TAX TECH MARKET, BY REGION, 2019–2023 (USD MILLION)          132

TABLE 53              LARGE ENTERPRISES: TAX TECH MARKET, BY REGION, 2024–2030 (USD MILLION)          132

TABLE 54              SMES: TAX TECH MARKET, BY REGION, 2019–2023 (USD MILLION)       133

TABLE 55              SMES: TAX TECH MARKET, BY REGION, 2024–2030 (USD MILLION)       133

TABLE 56              TAX TECH MARKET, BY VERTICAL, 2019–2023 (USD MILLION) 136

TABLE 57              TAX TECH MARKET, BY VERTICAL, 2024–2030 (USD MILLION) 136

TABLE 58              BFSI: TAX TECH MARKET, BY REGION, 2019–2023 (USD MILLION) 137

TABLE 59              BFSI: TAX TECH MARKET, BY REGION, 2024–2030 (USD MILLION) 137

TABLE 60              IT & TELECOM: TAX TECH MARKET, BY REGION, 2019–2023 (USD MILLION)            139

TABLE 61              IT & TELECOM: TAX TECH MARKET, BY REGION, 2024–2030 (USD MILLION)            140

TABLE 62              RETAIL & E-COMMERCE: TAX TECH MARKET, BY REGION,

2019–2023 (USD MILLION)            142

TABLE 63              RETAIL & E-COMMERCE: TAX TECH MARKET, BY REGION,

2024–2030 (USD MILLION)            142

TABLE 64              MANUFACTURING: TAX TECH MARKET, BY REGION, 2019–2023 (USD MILLION)          144

TABLE 65              MANUFACTURING: TAX TECH MARKET, BY REGION, 2024–2030 (USD MILLION)          144

TABLE 66              HEALTHCARE & LIFE SCIENCES: TAX TECH MARKET, BY REGION,

2019–2023 (USD MILLION)            146

TABLE 67              HEALTHCARE & LIFE SCIENCES: TAX TECH MARKET, BY REGION,

2024–2030 (USD MILLION)            146

TABLE 68              GOVERNMENT & PUBLIC SECTOR: TAX TECH MARKET, BY REGION,

2019–2023 (USD MILLION)            148

TABLE 69              GOVERNMENT & PUBLIC SECTOR: TAX TECH MARKET, BY REGION,

2024–2030 (USD MILLION)            149

TABLE 70              ENERGY & UTILITIES: TAX TECH MARKET, BY REGION, 2019–2023 (USD MILLION)          150

TABLE 71              ENERGY & UTILITIES: TAX TECH MARKET, BY REGION, 2024–2030 (USD MILLION)          151

TABLE 72              OTHER VERTICALS: TAX TECH MARKET, BY REGION, 2019–2023 (USD MILLION)          152

TABLE 73              OTHER VERTICALS: TAX TECH MARKET, BY REGION, 2024–2030 (USD MILLION)          153

TABLE 74              TAX TECH MARKET, BY REGION, 2019–2023 (USD MILLION)            155

TABLE 75              TAX TECH MARKET, BY REGION, 2024–2030 (USD MILLION)            156

TABLE 76              NORTH AMERICA: MACROECONOMIC OUTLOOK           157

TABLE 77              NORTH AMERICA: TAX TECH MARKET, BY COMPONENT,

2019–2023 (USD MILLION)            158

TABLE 78              NORTH AMERICA: TAX TECH MARKET, BY COMPONENT,

2024–2030 (USD MILLION)            158

TABLE 79              NORTH AMERICA: TAX TECH MARKET, BY SOLUTION, 2019–2023 (USD MILLION)    158

TABLE 80              NORTH AMERICA: TAX TECH MARKET, BY SOLUTION, 2024–2030 (USD MILLION)    158

TABLE 81              NORTH AMERICA: TAX TECH MARKET, BY PROFESSIONAL SERVICE,

2019–2023 (USD MILLION)            159

TABLE 82              NORTH AMERICA: TAX TECH MARKET, BY PROFESSIONAL SERVICE,

2024–2030 (USD MILLION)            159

TABLE 83              NORTH AMERICA: TAX TECH MARKET, BY TAX TYPE, 2019–2023 (USD MILLION)                159

TABLE 84              NORTH AMERICA: TAX TECH MARKET, BY TAX TYPE, 2024–2030 (USD MILLION)                159

TABLE 85              NORTH AMERICA: TAX TECH MARKET, BY DEPLOYMENT MODE,

2019–2023 (USD MILLION)            160

TABLE 86              NORTH AMERICA: TAX TECH MARKET, BY DEPLOYMENT MODE,

2024–2030 (USD MILLION)            160

TABLE 87              NORTH AMERICA: TAX TECH MARKET, BY ORGANIZATION SIZE,

2019–2023 (USD MILLION)            160

TABLE 88              NORTH AMERICA: TAX TECH MARKET, BY ORGANIZATION SIZE,

2024–2030 (USD MILLION)            160

TABLE 89              NORTH AMERICA: TAX TECH MARKET, BY VERTICAL, 2019–2023 (USD MILLION)     161

TABLE 90              NORTH AMERICA: TAX TECH MARKET, BY VERTICAL, 2024–2030 (USD MILLION)     161

TABLE 91              NORTH AMERICA: TAX TECH MARKET, BY COUNTRY, 2019–2023 (USD MILLION)     161

TABLE 92              NORTH AMERICA: TAX TECH MARKET, BY COUNTRY, 2024–2030 (USD MILLION)     162

TABLE 93              US: TAX TECH MARKET, BY OFFERING, 2019–2023 (USD MILLION)       162

TABLE 94              US: TAX TECH MARKET, BY OFFERING, 2024–2030 (USD MILLION)       163

TABLE 95              CANADA: TAX TECH MARKET, BY OFFERING, 2019–2023 (USD MILLION)            163

TABLE 96              CANADA: TAX TECH MARKET, BY OFFERING, 2024–2030 (USD MILLION)            164

TABLE 97              EUROPE: MACROECONOMIC OUTLOOK                 165

TABLE 98              EUROPE: TAX TECH MARKET, BY OFFERING, 2019–2023 (USD MILLION)            165

TABLE 99              EUROPE: TAX TECH MARKET, BY OFFERING, 2024–2030 (USD MILLION)            165

TABLE 100            EUROPE: TAX TECH MARKET, BY SOLUTION, 2019–2023 (USD MILLION)            165

TABLE 101            EUROPE: TAX TECH MARKET, BY SOLUTION, 2024–2030 (USD MILLION)            166

TABLE 102            EUROPE: TAX TECH MARKET, BY PROFESSIONAL SERVICE,

2019–2023 (USD MILLION)            166

TABLE 103            EUROPE: TAX TECH MARKET, BY PROFESSIONAL SERVICE,

2024–2030 (USD MILLION)            166

TABLE 104            EUROPE: TAX TECH MARKET, BY TAX TYPE, 2019–2023 (USD MILLION)            166

TABLE 105            EUROPE: TAX TECH MARKET, BY TAX TYPE, 2024–2030 (USD MILLION)            167

TABLE 106            EUROPE: TAX TECH MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)             167

TABLE 107            EUROPE: TAX TECH MARKET, BY DEPLOYMENT MODE, 2024–2030 (USD MILLION)             167

TABLE 108            EUROPE: TAX TECH MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)               167

TABLE 109            EUROPE: TAX TECH MARKET, BY ORGANIZATION SIZE, 2024–2030 (USD MILLION)               167

TABLE 110            EUROPE: TAX TECH MARKET, BY VERTICAL, 2019–2023 (USD MILLION)            168

TABLE 111            EUROPE: TAX TECH MARKET, BY VERTICAL, 2024–2030 (USD MILLION)            168

TABLE 112            EUROPE: TAX TECH MARKET, BY COUNTRY, 2019–2023 (USD MILLION)            168

TABLE 113            EUROPE: TAX TECH MARKET, BY COUNTRY, 2024–2030 (USD MILLION)            169

TABLE 114            UK: TAX TECH MARKET, BY OFFERING, 2019–2023 (USD MILLION)       169

TABLE 115            UK: TAX TECH MARKET, BY OFFERING, 2024–2030 (USD MILLION)       170

TABLE 116            GERMANY: TAX TECH MARKET, BY OFFERING, 2019–2023 (USD MILLION)            170

TABLE 117            GERMANY: TAX TECH MARKET, BY OFFERING, 2024–2030 (USD MILLION)            171

TABLE 118            FRANCE: TAX TECH MARKET, BY OFFERING, 2019–2023 (USD MILLION)            171

TABLE 119            FRANCE: TAX TECH MARKET, BY OFFERING, 2024–2030 (USD MILLION)            171

TABLE 120            ITALY: TAX TECH MARKET, BY OFFERING, 2019–2023 (USD MILLION)       172

TABLE 121            ITALY: TAX TECH MARKET, BY OFFERING, 2024–2030 (USD MILLION)       172

TABLE 122            REST OF EUROPE: TAX TECH MARKET, BY OFFERING, 2019–2023 (USD MILLION)     173

TABLE 123            REST OF EUROPE: TAX TECH MARKET, BY OFFERING, 2024–2030 (USD MILLION)     173

TABLE 124            ASIA PACIFIC: MACROECONOMIC OUTLOOK                 174

TABLE 125            ASIA PACIFIC: TAX TECH MARKET, BY OFFERING, 2019–2023 (USD MILLION)     175

TABLE 126            ASIA PACIFIC: TAX TECH MARKET, BY OFFERING, 2024–2030 (USD MILLION)     176

TABLE 127            ASIA PACIFIC: TAX TECH MARKET, BY SOLUTION, 2019–2023 (USD MILLION)    176

TABLE 128            ASIA PACIFIC: TAX TECH MARKET, BY SOLUTION, 2024–2030 (USD MILLION)    176

TABLE 129            ASIA PACIFIC: TAX TECH MARKET, BY PROFESSIONAL SERVICE,

2019–2023 (USD MILLION)            176

TABLE 130            ASIA PACIFIC: TAX TECH MARKET, BY PROFESSIONAL SERVICE,

2024–2030 (USD MILLION)            177

TABLE 131          ASIA PACIFIC: TAX TECH MARKET, BY TAX TYPE, 2019–2023 (USD MILLION)            177

TABLE 132          ASIA PACIFIC: TAX TECH MARKET, BY TAX TYPE, 2024–2030 (USD MILLION)            177

TABLE 133            ASIA PACIFIC: TAX TECH MARKET, BY DEPLOYMENT MODE,

2019–2023 (USD MILLION)            177

TABLE 134            ASIA PACIFIC: TAX TECH MARKET, BY DEPLOYMENT MODE,

2024–2030 (USD MILLION)            178

TABLE 135            ASIA PACIFIC: TAX TECH MARKET, BY ORGANIZATION SIZE,

2019–2023 (USD MILLION)            178

TABLE 136            ASIA PACIFIC: TAX TECH MARKET, BY ORGANIZATION SIZE,

2024–2030 (USD MILLION)            178

TABLE 137          ASIA PACIFIC: TAX TECH MARKET, BY VERTICAL, 2019–2023 (USD MILLION)            178

TABLE 138          ASIA PACIFIC: TAX TECH MARKET, BY VERTICAL, 2024–2030 (USD MILLION)            179

TABLE 139          ASIA PACIFIC: TAX TECH MARKET, BY COUNTRY, 2019–2023 (USD MILLION)            179

TABLE 140          ASIA PACIFIC: TAX TECH MARKET, BY COUNTRY, 2024–2030 (USD MILLION)            179

TABLE 141            CHINA: TAX TECH MARKET, BY OFFERING, 2019–2023 (USD MILLION)       180

TABLE 142            CHINA: TAX TECH MARKET, BY OFFERING, 2024–2030 (USD MILLION)       180

TABLE 143            JAPAN: TAX TECH MARKET, BY OFFERING, 2019–2023 (USD MILLION)       181

TABLE 144            JAPAN: TAX TECH MARKET, BY OFFERING, 2024–2030 (USD MILLION)       181

TABLE 145            REST OF ASIA PACIFIC: TAX TECH MARKET, BY OFFERING,

2019–2023 (USD MILLION)            182

TABLE 146            REST OF ASIA PACIFIC: TAX TECH MARKET, BY OFFERING,

2024–2030 (USD MILLION)            182

TABLE 147            MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK           183

TABLE 148            MIDDLE EAST & AFRICA: TAX TECH MARKET, BY OFFERING,

2019–2023 (USD MILLION)            183

TABLE 149            MIDDLE EAST & AFRICA: TAX TECH MARKET, BY OFFERING,

2024–2030 (USD MILLION)            183

TABLE 150            MIDDLE EAST & AFRICA: TAX TECH MARKET, BY SOLUTION,

2019–2023 (USD MILLION)            184

TABLE 151            MIDDLE EAST & AFRICA: TAX TECH MARKET, BY SOLUTION,

2024–2030 (USD MILLION)            184

TABLE 152            MIDDLE EAST & AFRICA: TAX TECH MARKET, BY PROFESSIONAL SERVICE,

2019–2023 (USD MILLION)            184

TABLE 153            MIDDLE EAST & AFRICA: TAX TECH MARKET, BY PROFESSIONAL SERVICE,

2024–2030 (USD MILLION)            184

TABLE 154            MIDDLE EAST & AFRICA: TAX TECH MARKET, BY TAX TYPE,

2019–2023 (USD MILLION)            185

TABLE 155            MIDDLE EAST & AFRICA: TAX TECH MARKET, BY TAX TYPE,

2024–2030 (USD MILLION)            185

TABLE 156            MIDDLE EAST & AFRICA: TAX TECH MARKET, BY DEPLOYMENT MODE,

2019–2023 (USD MILLION)            185

TABLE 157            MIDDLE EAST & AFRICA: TAX TECH MARKET, BY DEPLOYMENT MODE,

2024–2030 (USD MILLION)            185

TABLE 158            MIDDLE EAST & AFRICA: TAX TECH MARKET, BY ORGANIZATION SIZE,

2019–2023 (USD MILLION)            186

TABLE 159            MIDDLE EAST & AFRICA: TAX TECH MARKET, BY ORGANIZATION SIZE,

2024–2030 (USD MILLION)            186

TABLE 160            MIDDLE EAST & AFRICA: TAX TECH MARKET, BY VERTICAL,

2019–2023 (USD MILLION)            186

TABLE 161            MIDDLE EAST & AFRICA: TAX TECH MARKET, BY VERTICAL,

2024–2030 (USD MILLION)            187

TABLE 162            MIDDLE EAST & AFRICA: TAX TECH MARKET, BY REGION/COUNTRY,

2019–2023 (USD MILLION)            187

TABLE 163            MIDDLE EAST & AFRICA: TAX TECH MARKET, BY REGION/COUNTRY,

2024–2030 (USD MILLION)            187

TABLE 164            GCC COUNTRIES: TAX TECH MARKET, BY COUNTRY, 2019–2023 (USD MILLION)     188

TABLE 165            GCC COUNTRIES: TAX TECH MARKET, BY COUNTRY, 2024–2030 (USD MILLION)     188

TABLE 166            GCC COUNTRIES: TAX TECH MARKET, BY OFFERING, 2019–2023 (USD MILLION)     188

TABLE 167            GCC COUNTRIES: TAX TECH MARKET, BY OFFERING, 2024–2030 (USD MILLION)     189

TABLE 168            KSA: TAX TECH MARKET, BY OFFERING, 2019–2023 (USD MILLION)       189

TABLE 169            KSA: TAX TECH MARKET, BY OFFERING, 2024–2030 (USD MILLION)       190

TABLE 170            KSA: TAX TECH MARKET, BY TAX TYPE, 2019–2023 (USD MILLION)       190

TABLE 171            KSA: TAX TECH MARKET, BY TAX TYPE, 2024–2030 (USD MILLION)       190

TABLE 172            KSA: TAX TECH MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)             190

TABLE 173            KSA: TAX TECH MARKET, BY DEPLOYMENT MODE, 2024–2030 (USD MILLION)             190

TABLE 174            KSA: TAX TECH MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 191

TABLE 175            KSA: TAX TECH MARKET, BY ORGANIZATION SIZE, 2024–2030 (USD MILLION) 191

TABLE 176            KSA: TAX TECH MARKET, BY VERTICAL, 2019–2023 (USD MILLION)       191

TABLE 177            KSA: TAX TECH MARKET, BY VERTICAL, 2024–2030 (USD MILLION)       192

TABLE 178            UAE: TAX TECH MARKET, BY OFFERING, 2019–2023 (USD MILLION)       192

TABLE 179            UAE: TAX TECH MARKET, BY OFFERING, 2024–2030 (USD MILLION)       193

TABLE 180            REST OF GCC: TAX TECH MARKET, BY OFFERING, 2019–2023 (USD MILLION)     193

TABLE 181            REST OF GCC: TAX TECH MARKET, BY OFFERING, 2024–2030 (USD MILLION)     193

TABLE 182            SOUTH AFRICA: TAX TECH MARKET, BY OFFERING, 2019–2023 (USD MILLION)     194

TABLE 183            SOUTH AFRICA: TAX TECH MARKET, BY OFFERING, 2024–2030 (USD MILLION)     194

TABLE 184            REST OF MIDDLE EAST & AFRICA: TAX TECH MARKET, BY OFFERING,

2019–2023 (USD MILLION)            195

TABLE 185            REST OF MIDDLE EAST & AFRICA: TAX TECH MARKET, BY OFFERING,

2024–2030 (USD MILLION)          195

TABLE 186            LATIN AMERICA: MACROECONOMIC OUTLOOK                 196

TABLE 187            LATIN AMERICA: TAX TECH MARKET, BY OFFERING, 2019–2023 (USD MILLION)     196

TABLE 188            LATIN AMERICA: TAX TECH MARKET, BY OFFERING, 2024–2030 (USD MILLION)     196

TABLE 189            LATIN AMERICA: TAX TECH MARKET, BY SOLUTION, 2019–2023 (USD MILLION)    197

TABLE 190            LATIN AMERICA: TAX TECH MARKET, BY SOLUTION, 2024–2030 (USD MILLION)    197

TABLE 191            LATIN AMERICA: TAX TECH MARKET, BY PROFESSIONAL SERVICE,

2019–2023 (USD MILLION)          197

TABLE 192            LATIN AMERICA: TAX TECH MARKET, BY PROFESSIONAL SERVICE,

2024–2030 (USD MILLION)            197

TABLE 193            LATIN AMERICA: TAX TECH MARKET, BY TAX TYPE, 2019–2023 (USD MILLION)                198

TABLE 194            LATIN AMERICA: TAX TECH MARKET, BY TAX TYPE, 2024–2030 (USD MILLION)                198

TABLE 195            LATIN AMERICA: TAX TECH MARKET, BY DEPLOYMENT MODE,

2019–2023 (USD MILLION)          198

TABLE 196            LATIN AMERICA: TAX TECH MARKET, BY DEPLOYMENT MODE,

2024–2030 (USD MILLION)            198

TABLE 197            LATIN AMERICA: TAX TECH MARKET, BY ORGANIZATION SIZE,

2019–2023 (USD MILLION)            198

TABLE 198            LATIN AMERICA: TAX TECH MARKET, BY ORGANIZATION SIZE,

2024–2030 (USD MILLION)            199

TABLE 199            LATIN AMERICA: TAX TECH MARKET, BY VERTICAL, 2019–2023 (USD MILLION)     199

TABLE 200            LATIN AMERICA: TAX TECH MARKET, BY VERTICAL, 2024–2030 (USD MILLION)     199

TABLE 201            LATIN AMERICA: TAX TECH MARKET, BY COUNTRY, 2019–2023 (USD MILLION)     200

TABLE 202            LATIN AMERICA: TAX TECH MARKET, BY COUNTRY, 2024–2030 (USD MILLION)     200

TABLE 203            BRAZIL: TAX TECH MARKET, BY OFFERING, 2019–2023 (USD MILLION)            201

TABLE 204            BRAZIL: TAX TECH MARKET, BY OFFERING, 2024–2030 (USD MILLION)            201

TABLE 205            MEXICO: TAX TECH MARKET, BY OFFERING, 2019–2023 (USD MILLION)            201

TABLE 206            MEXICO: TAX TECH MARKET, BY OFFERING, 2024–2030 (USD MILLION)            202

TABLE 207            REST OF LATIN AMERICA: TAX TECH MARKET, BY OFFERING,

2019–2023 (USD MILLION)            202

TABLE 208            REST OF LATIN AMERICA: TAX TECH MARKET, BY OFFERING,

2024–2030 (USD MILLION)            202

TABLE 209          TAX TECH MARKET: DEGREE OF COMPETITION, 2023        203

TABLE 210            TAX TECH MARKET: REGION FOOTPRINT                 211

TABLE 211            TAX TECH MARKET: OFFERING FOOTPRINT                 212

TABLE 212            TAX TECH MARKET: TAX TYPE FOOTPRINT                 212

TABLE 213            TAX TECH MARKET: VERTICAL FOOTPRINT                 213

TABLE 214            TAX TECH MARKET: LIST OF KEY STARTUPS/SMES              216

TABLE 215            TAX TECH MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES   216

TABLE 216            TAX TECH MARKET: PRODUCT LAUNCHES, NOVEMBER 2023–JANUARY 2025                 218

TABLE 217            TAX TECH MARKET: DEALS, APRIL 2023–MARCH 2025        223

TABLE 218            WOLTERS KLUWER: COMPANY OVERVIEW                 227

TABLE 219            WOLTERS KLUWER: PRODUCTS/SOLUTIONS/SERVICES OFFERED    228

TABLE 220            WOLTERS KLUWER: PRODUCT LAUNCHES AND ENHANCEMENTS             230

TABLE 221            WOLTERS KLUWER: DEALS         232

TABLE 222            H&R BLOCK: COMPANY OVERVIEW        234

TABLE 223            H&R BLOCK: PRODUCTS/SOLUTIONS/SERVICES OFFERED    235

TABLE 224            H&R BLOCK: PRODUCT LAUNCHES AND ENHANCEMENTS             235

TABLE 225            AVALARA: COMPANY OVERVIEW              237

TABLE 226            AVALARA: PRODUCTS/SOLUTIONS/SERVICES OFFERED             237

TABLE 227            AVALARA: PRODUCT LAUNCHES AND ENHANCEMENTS             238

TABLE 228            AVALARA: DEALS             239

TABLE 229            VERTEX, INC.: COMPANY OVERVIEW      241

TABLE 230            VERTEX, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    242

TABLE 231            VERTEX, INC.: DEALS     243

TABLE 232            THOMSON REUTERS: COMPANY OVERVIEW                 245

TABLE 233            THOMSON REUTERS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    246

TABLE 234            THOMSON REUTERS: PRODUCT LAUNCHES AND ENHANCEMENTS  248

TABLE 235            THOMSON REUTERS: DEALS      248

TABLE 236            SAP: COMPANY OVERVIEW         251

TABLE 237            SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED             252

TABLE 238            SAP: DEALS         253

TABLE 239            ADP: COMPANY OVERVIEW        254

TABLE 240            ADP: PRODUCTS/SOLUTIONS/SERVICES OFFERED             255

TABLE 241            ADP: PRODUCT LAUNCHES AND ENHANCEMENTS             256

TABLE 242            SOVOS: COMPANY OVERVIEW   257

TABLE 243            SOVOS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             257

TABLE 244            SOVOS: PRODUCT LAUNCHES AND ENHANCEMENTS             258

TABLE 245            SOVOS: DEALS  258

TABLE 246            INTUIT: COMPANY OVERVIEW  260

TABLE 247            INTUIT: PRODUCTS/SOLUTIONS/SERVICES OFFERED             261

TABLE 248            INTUIT: PRODUCT LAUNCHES AND ENHANCEMENTS             262

TABLE 249            XERO: COMPANY OVERVIEW     263

TABLE 250            XERO: PRODUCTS/SOLUTIONS/SERVICES OFFERED             264

TABLE 251            XERO: PRODUCT LAUNCHES AND ENHANCEMENTS             265

TABLE 252            XERO: DEALS     266

TABLE 253            TAX MANAGEMENT MARKET, BY COMPONENT, 2018–2021 (USD MILLION)            278

TABLE 254            TAX MANAGEMENT MARKET, BY COMPONENT, 2022–2027 (USD MILLION)            279

TABLE 255            TAX MANAGEMENT MARKET, BY TAX TYPE, 2018–2021 (USD MILLION)            279

TABLE 256            TAX MANAGEMENT MARKET, BY TAX TYPE, 2022–2027 (USD MILLION)            279

TABLE 257            TRADE MANAGEMENT MARKET, BY COMPONENT, 2015–2021 (USD MILLION)              279

TABLE 258            TRADE MANAGEMENT MARKET, BY COMPONENT, 2022–2027 (USD MILLION)              280

TABLE 259            TRADE MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2015–2021 (USD MILLION)            280

TABLE 260            TRADE MANAGEMENT MARKET, BY DEPLOYMENT TYPE,

2022–2027 (USD MILLION)            280

TABLE 261            CLOUD ERP MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 280

TABLE 262            CLOUD ERP MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 281

TABLE 263            CLOUD ERP MARKET, BY APPLICATION, 2019–2023 (USD MILLION)       281

TABLE 264            CLOUD ERP MARKET, BY APPLICATION, 2024–2029 (USD MILLION)       281

LIST OF FIGURES

FIGURE 1              TAX TECH MARKET: RESEARCH DESIGN                 33

FIGURE 2              BREAKUP OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION, AND REGION  35

FIGURE 3              TAX TECH 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 TECH 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 TECH MARKET: DEMAND-SIDE APPROACH                 41

FIGURE 10            GLOBAL TAX TECH MARKET TO WITNESS SIGNIFICANT GROWTH 46

FIGURE 11            FASTEST-GROWING SEGMENTS IN TAX TECH MARKET, 2024–2030          46

FIGURE 12            TAX TECH MARKET: REGIONAL SNAPSHOT                 47

FIGURE 13            RISING TAX REGULATIONS AND NEED FOR AUTOMATED COMPLIANCE SOLUTIONS DRIVING TAX TECH MARKET               49

FIGURE 14            SOLUTIONS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD   50

FIGURE 15            TAX COMPLIANCE & REPORTING SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD                50

FIGURE 16            SUPPORT & MAINTENANCE TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 51

FIGURE 17            CLOUD SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD     51

FIGURE 18            INDIRECT TAX SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD   52

FIGURE 19            LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD                 52

FIGURE 20            BFSI SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD     53

FIGURE 21            ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENT IN NEXT FIVE YEARS          53

FIGURE 22            DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES:  TAX TECH MARKET       54

FIGURE 23            TAX TECH MARKET: ECOSYSTEM ANALYSIS                 62

FIGURE 24            TAX TECH MARKET: VALUE CHAIN         64

FIGURE 25            AVERAGE SELLING PRICE, BY REGION (2024)                 66

FIGURE 26            NUMBER OF PATENTS PUBLISHED, 2014–2024                 70

FIGURE 27            PORTER’S FIVE FORCES ANALYSIS: TAX TECH MARKET               85

FIGURE 28            TAX TECH MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS      89

FIGURE 29            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP VERTICALS  89

FIGURE 30            KEY BUYING CRITERIA FOR TOP VERTICALS                 90

FIGURE 31            LEADING GLOBAL TAX TECH MARKET VENDORS, BY NUMBER OF INVESTORS AND FUNDING ROUNDS, 2024        93

FIGURE 32            MARKET POTENTIAL OF GENERATIVE AI IN TRANSFORMING TAX TECHNOLOGY     94

FIGURE 33            SOLUTIONS SEGMENT TO HOLD LARGER MARKET DURING FORECAST PERIOD    98

FIGURE 34            TAX COMPLIANCE & REPORTING SEGMENT TO HOLD LARGEST MARKET DURING FORECAST PERIOD  100

FIGURE 35            SUPPORT & MAINTENANCE SERVICES SEGMENT TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD         110

FIGURE 36            CLOUD SEGMENT TO HOLD LARGEST MARKET DURING FORECAST PERIOD       116

FIGURE 37            INDIRECT TAX SEGMENT TO HOLD LARGER MARKET DURING FORECAST PERIOD    121

FIGURE 38            LARGE ENTERPRISES SEGMENT TO HOLD LARGER MARKET DURING FORECAST PERIOD  130

FIGURE 39            BFSI SEGMENT TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD    135

FIGURE 40            NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET BY 2030               155

FIGURE 41            NORTH AMERICA: MARKET SNAPSHOT 157

FIGURE 42            ASIA PACIFIC: MARKET SNAPSHOT          175

FIGURE 43            TAX TECH: MARKET SHARE ANALYSIS, 2023                 204

FIGURE 44            TAX TECH MARKET: REVENUE ANALYSIS OF KEY PLAYERS,

2019–2023 (USD MILLION)            204

FIGURE 45            COMPANY EVALUATION MATRIX FOR KEY PLAYERS: CRITERIA WEIGHTAGE             206

FIGURE 46            TAX TECH MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024     208

FIGURE 47            TAX TECH MARKET: BRAND PRODUCT COMPARISON FOR TAX COMPLIANCE   209

FIGURE 48            TAX TECH MARKET: COMPANY FOOTPRINT                 211

FIGURE 49            EVALUATION MATRIX FOR STARTUPS/SMES: CRITERIA WEIGHTAGE 214

FIGURE 50            TAX TECH MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024               215

FIGURE 51            COMPANY VALUATION OF KEY VENDORS                 217

FIGURE 52            EV/EBITDA ANALYSIS OF KEY VENDORS                 217

FIGURE 53            YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND FIVE-YEAR STOCK BETA OF KEY VENDORS                218

FIGURE 54            WOLTERS KLUWER: COMPANY SNAPSHOT                 228

FIGURE 55            H&R BLOCK: COMPANY SNAPSHOT        234

FIGURE 56            VERTEX, INC.: COMPANY SNAPSHOT      241

FIGURE 57            THOMSON REUTERS: COMPANY SNAPSHOT                 246

FIGURE 58            SAP: COMPANY SNAPSHOT         252

FIGURE 59            ADP: COMPANY SNAPSHOT        255

FIGURE 60            INTUIT: COMPANY SNAPSHOT 260

FIGURE 61            XERO: COMPANY SNAPSHOT     264