Report overview
The tax management market covers software and services by component. Due to the continuous development of tax and accounting laws in various countries, the demand for tax management software is growing. Businesses need to keep up with the latest and latest tax reporting and compliance procedures worldwide. A cloud-based tax management solution helps reduce overall costs while providing highly flexible and scalable access to the solution through an information technology (IT) infrastructure hosted by a cloud service provider (CSP). As a result, businesses prefer to deploy tax management solutions in the cloud to increase mobility and decentralize data storage and computing permissions.
This report contains market size and forecasts of Cloud Tax Management in Global, including the following market information:
Global Cloud Tax Management Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Cloud Tax Management market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Indirect Tax Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Cloud Tax Management include Avalara, Automatic Data Processing, Wolters Kluwer NV, Thomson Reuters, Intuit, H?R Block, SAP SE and Blucora, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Cloud Tax Management companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Cloud Tax Management Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Cloud Tax Management Market Segment Percentages, by Type, 2021 (%)
Indirect Tax
Direct Tax
Global Cloud Tax Management Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Cloud Tax Management Market Segment Percentages, by Application, 2021 (%)
Banking Financial Services and Insurance (BFSI)
Information Technology (IT) and Telecom
Energy and Utilities
Healthcare and Life Sciences
Others
Global Cloud Tax Management Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Cloud Tax Management Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Cloud Tax Management revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Cloud Tax Management revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Avalara
Automatic Data Processing
Wolters Kluwer NV
Thomson Reuters
Intuit
H?R Block
SAP SE
Blucora
