Global Sales Tax Software Market:
Size, Trends & Forecasts (2018-2022)
September 2018
Global Sales Tax Software Market: Coverage
Executive Summary and Scope
Introduction/Market Overview
Global Market Analysis
Regional Market Analysis
Dynamics
Competitive Landscape
Company Profiling
Global Sales Tax Software Market: Coverage
Attributes Details
Title Global Sales Tax Software Market: Size, Trends & Forecasts (2018-2022)
Coverage Global and Regional
Regional Coverage Europe, the US, Japan, China, India
Market Influencing Variables Growth Drivers, Challenges, Market Trends
Forecast Period of Market 2018-2022
Competition in the Market Fragmented
Key Players Thomson Reuters, Xero, Wolters Kluwer, Avalara
Scope of the Report
Global Sales Tax Software Market
Sales tax refers to the amount of money, which is added to the cost of a product or service when purchased by a consumer at a retail location. Sales tax is calculated as a percentage of the cost of the good or service purchased.
Sales tax software enables individuals and business organizations to file various kinds of transactional taxes electronically and helps in streamlining the tax filing process by calculating the individual’s tax obligations automatically.
The global sales tax software market has been segmented on the basis of type, application, solution and industry verticals. On the basis of type, the market can be segmented into cloud, SaaS, mobile-android native and mobile-iOS native. The market can be segmented on the basis of application into small businesses, midsize enterprises and large enterprises. On the basis of solution, the market is divided into consumer use tax management, tax filings and others. Various industry verticals where the sales tax software is used are transportation, retail, telecom & IT, healthcare, BFSI etc.
The global sales tax software market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2018-2022). The market is expected to be driven by various factors such as rising internet penetration, increased availability of cloud computing solutions, growing demand for internet of things (IoT), increasing adoption of electronic tax accounting etc. However, the market faces certain challenges as well such as lack of skilled workforce and security and networking issues for cloud applications.
Executive Summary
Sales Tax Software Market: Global Analysis
Global Sales Tax Software Market by Value
The global sales tax software market, valued at US$.... billion in 2017, increased as compared to US$... billion in 2016 at a CAGR of ….% from 2013 to 2017. The global sales tax software market is anticipated to reach up to US$... billion by 2022 from US$... billion in 2018..
CAGRs
2013-2017 xx%
2018-2022 xx%
2013 2014 2015 2016 2017
US
$ B
illio
n
2018 2019 2020 2021 2022U
S$
Billio
n
Sales Tax Software Market: Global Analysis
Europe, xx%
The US, xx%
China, xx%
Japan, xx%
India, xx%
Others, xx%
Global Sales Tax Software Market by Region; 2017
Sales Tax Software Market: Regional Analysis
Europe Sales Tax Software Market by Value The US Sales Tax Software Market by Value
Japan Sales Tax Software Market by Value Region CAGR
2018-2022
Europe xx%
The US xx%
Japan xx%
China xx%
India xx%
2018 2019 2020 2021 2022
US
$ M
illio
n
2018 2019 2020 2021 2022
US
$ M
illio
n
2018 2019 2020 2021 2022
US
$ M
illio
n
Sales Tax Software Market: Dynamics
Growth Driver
•Increased availability of cloud computing solutions
•Rising internet penetration
Challenges
•Lack of skilled workforce
•Security and networking issues for cloud applications
Market Trends
•Growing use of SaaS (Software as a Service) model
•Increasing use of blockchain technology
Sales Tax Software Market: Competitive Landscape
• Thomson Reuters
• Wolters Kluwer
• Xero
• Avalara
Players Profiled
Note: The graphs on this slide are only for sample representation.