North America Tax Software Market to 2027 - Regional Analysis and Forecasts by Product (Software, Service); Tax Type (Sales Tax, Income Tax, Corporate Tax, Others); Deployment Type (Cloud, On-premise); End-User (Individual, Commercial Enterprises); Vertical (BFSI, IT& Telecom, Healthcare, Government, Retail, Others)
The tax software market in North America was valued US$ 3,536.7 million in 2019 and is projected to reach US$ 7,878.6 million by 2027; it is expected to grow at a CAGR of 10.8% from 2020 to 2027.
The tax software is incorporated with various other software, such as customer relationship management (CRM), enterprise resource planning (ERP), and reporting applications; also, the tax software performs calculations and generates reports. Tax software solutions offer real-time business visibility through its easy to create reports. Wide-ranging tax reporting and analysis across several businesses are increasing swiftly. To manage all the tax-related reports, organizations are embracing tax software. Due to the growing demand for cloud-based technology in various industries, they are widely adopting cloud-based tax software as it mitigates the time to process, and it is also cost-effective software.
The tax software market operates in a highly fragmented and competitive marketplace. As leading companies in this market continue to broaden its addressable market, by expanding its current offerings, diversifying its client base, all the prominent players face an increasing level of competition, both from start-ups to leading established companies across the world. Several companies in the value chain are acquiring other players in the market to maintain their position in the market and provide efficient services to its customers. For instance, in September 2019, Wealthsimple Inc., a Canada-based online investment management company, acquired SimpleTax, a tax return software firm based in Canada, which is engaged in preparing and filing tax returns. The significant number of tax software providers is based in North America, mainly in the US.
The North America tax software market is expected to grow at a good CAGR during the forecast period. The growing digitization and a large number of players focusing on developing efficient solutions are the major factors supporting the growth of the tax software market in the region.
Mexico Tax Software Market Revenue and Forecasts to 2027 (US$ Mn)
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North America Tax Software Market–Segmentation
North America Tax Software Market By Type
- Software
- Services
North America Tax Software Market By Deployment
- On-Premise
- Cloud
North America Tax Software Market By Tax Type
- Sales Tax
- Income Tax
- Corporate Tax
- Others
North America Tax Software Market By Industry Vertical
- BFSI
- IT& Telecom
- Healthcare
- Government
- Retail
- Others
North America Tax Software Market By Country
- US
- Canada
- Mexico
North America Tax Software Market-Companies Mentioned
- Avalara Inc
- Chetu, Inc
- Drake Software
- H & R Block; Intuit Inc.
- Sage Group PLC
- Thomson Reuters Corporation
- Vertex, Inc.
- Wolters Kluwer N.V.
- Xero Limited.
- Intuit Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Tax Software Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Tax Software Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Popularity of Automation and Increase in Digitization
5.1.2 Technological Transformation in The Retail Sector
5.2 Market Restraints
5.2.1 Increasing privacy concerns
5.3 Market Opportunities
5.3.1 Integration Of Advanced Technologies Such As Blockchain and AI
5.4 Future Trends
5.4.1 Enhancing Business Processes in Various Industries
5.5 Impact Analysis of Drivers and restraints
6. North America Tax Software Market–Market Analysis
6.1 Tax Software Market Overview
6.2 Tax Software Market –Revenue, and Forecast to 2027 (US$ Million)
7. North America Tax Software Market Analysis – By Product Type
7.1 Overview
7.2 Tax Software Market Breakdown, by Product Type, 2019 & 2027
7.3 Software
7.3.1 Overview
7.3.2 Software Market Revenue and Forecast to 2027 (US$ Million)
7.4 Service
7.4.1 Overview
7.4.2 Service Market Revenue and Forecast to 2027 (US$ Million)
8. North America Tax Software Market Analysis – By Deployment Type
8.1 Overview
8.2 Tax Software Market Breakdown, by Deployment Type, 2019 & 2027
8.3 On-Premise
8.3.1 Overview
8.3.2 On-Premise Market Revenue and Forecast to 2027 (US$ Million)
8.4 Cloud
8.4.1 Overview
8.4.2 Cloud Market Revenue and Forecast to 2027 (US$ Million)
9. North America Tax Software Market Analysis – By Tax Type
9.1 Overview
9.2 Tax Software Market Breakdown, by Tax Type, 2019 & 2027
9.3 Sales Tax
9.3.1 Overview
9.3.2 Sales Tax Market Revenue and Forecast to 2027 (US$ Million)
9.4 Income Tax
9.4.1 Overview
9.4.2 Income Tax Market Revenue and Forecast to 2027 (US$ Million)
9.5 Corporate Tax
9.5.1 Overview
9.5.2 Corporate Tax Market Revenue and Forecast to 2027 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others Market Revenue and Forecast to 2027 (US$ Million)
10. North America Tax Software Market Analysis – By End-User
10.1 Overview
10.2 Tax Software Market Breakdown, by End-User, 2019 & 2027
10.3 Individual
10.3.1 Overview
10.3.2 Individual Market Revenue and Forecast to 2027 (US$ Million)
10.4 Commercial Enterprises
10.4.1 Overview
10.4.2 Commercial Enterprises Market Revenue and Forecast to 2027 (US$ Million)
11. North America Tax Software Market Analysis – By Vertical
11.1 Overview
11.2 Tax Software Market Breakdown, by Vertical, 2019 & 2027
11.3 BFSI
11.3.1 Overview
11.3.2 BFSI Market Revenue and Forecast to 2027 (US$ Million)
11.4 IT and Telecom
11.4.1 Overview
11.4.2 IT and Telecom Market Revenue and Forecast to 2027 (US$ Million)
11.5 Healthcare
11.5.1 Overview
11.5.2 Healthcare Market Revenue and Forecast to 2027 (US$ Million)
11.6 Government
11.6.1 Overview
11.6.2 Government Market Revenue and Forecast to 2027 (US$ Mn)
11.7 Retail
11.7.1 Overview
11.7.2 Retail Market Revenue and Forecast to 2027 (US$ Mn)
11.8 Others
11.8.1 Overview
11.8.2 Others Market Revenue and Forecast to 2027 (US$ Mn)
12. North America Tax Software Market – Country Analysis
12.1 North America Country Analysis
12.1.1 North America: Tax Software Market, by Key Country
12.1.1.1 US: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.1.1.1.1 US: Tax Software Market, by Product Type
12.1.1.1.2 US: Tax Software Market, by Tax Type
12.1.1.1.3 US: Tax Software Market, by Deployment Type
12.1.1.1.4 US: Tax Software Market, by End-User
12.1.1.1.5 US: Tax Software Market, by Vertical
12.1.1.2 Canada: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.1.1.2.1 Canada: Tax Software Market, by Product Type
12.1.1.2.2 Canada: Tax Software Market, by Tax Type
12.1.1.2.3 Canada: Tax Software Market, by Deployment Type
12.1.1.2.4 Canada: Tax Software Market, by End-User
12.1.1.2.5 Canada: Tax Software Market, by Vertical
12.1.1.3 Mexico: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
12.1.1.3.1 Mexico: Tax Software Market, by Product Type
12.1.1.3.2 Mexico: Tax Software Market, by Tax Type
12.1.1.3.3 Mexico: Tax Software Market, by Deployment Type
12.1.1.3.4 Mexico: Tax Software Market, by End-User
12.1.1.3.5 Mexico: Tax Software Market, by Vertical
13. Industry Landscape
13.1 Overview
13.2 Strategy and Business Planning
13.3 Product News
14. IMPACT OF COVID-19 PANDEMIC ON GLOBAL TAX SOFTWARE MARKET
14.1 North America: Impact assessment of COVID-19 Pandemic
14.2 Europe: Impact assessment of COVID-19 Pandemic
14.3 APAC: Impact assessment of COVID-19 Pandemic
14.4 Middle East & Africa: Impact assessment of COVID-19 Pandemic
14.5 SAM: Impact assessment of COVID-19 Pandemic
15. Company Profiles
15.1 Avalara, Inc.
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 The Sage Group plc
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 Thomson Reuters Corporation
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 Vertex, Inc.
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 Wolters Kluwer (cch incorporated)
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Xero Limited
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 Chetu Inc.
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 SWOT Analysis
15.7.5 Key Developments
15.8 Drake Software
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and Services
15.8.4 SWOT Analysis
15.9 H & R Block
15.9.1 Key Facts
15.9.2 Business Description
15.9.3 Products and Services
15.9.4 Financial Overview
15.9.5 SWOT Analysis
15.10 Intuit Inc.
15.10.1 Key Facts
15.10.2 Business Description
15.10.3 Products and Services
15.10.4 Financial Overview
15.10.5 SWOT Analysis
15.10.6 Key Developments
16. Appendix
16.1 About The Insight Partners
16.2 Appendix
LIST OF TABLES
Table 2. North America: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. North America: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. North America: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 5. North America: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 6. North America: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 7. US: Tax Software Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 8. US: Tax Software Market, by Tax Type –Revenue and Forecast to 2027 (US$ Million)
Table 9. US: Tax Software Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)
Table 10. US: Tax Software Market, by End-User –Revenue and Forecast to 2027 (US$ Million)
Table 11. US: Tax Software Market, by Vertical –Revenue and Forecast to 2027 (US$ Million)
Table 12. Canada: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. Canada: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 14. Canada: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 15. Canada: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 16. Canada: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 17. Mexico: Tax Software Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 18. Mexico: Tax Software Market, by Tax Type – Revenue and Forecast to 2027 (US$ Million)
Table 19. Mexico: Tax Software Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 20. Mexico: Tax Software Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 21. Mexico: Tax Software Market, by Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 22. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Tax Software Market Segmentation
Figure 2. North America Tax Software Market Segmentation – By Country
Figure 3. North America Tax Software Market Overview
Figure 4. Software Product Type to Show Remarkable Traction During Forecast Period
Figure 5. Commercial End User to Show Remarkable Traction During Forecast Period
Figure 6. Retail Vertical to Dominate the Tax Software Market
Figure 7. Cloud to Dominate the Tax Software Market
Figure 8. North America Tax Software Market, Industry Landscape
Figure 9. North America: PEST Analysis
Figure 10. Ecosystem Analysis
Figure 11. Expert Opinion
Figure 12. North America Tax software Market Impact Analysis of Drivers and Restraints
Figure 14. North America Tax Software Market Breakdown, by Product Type (2019 and 2027)
Figure 15. North America Software Market Revenue and Forecast to 2027(US$ Million)
Figure 16. North America Service Market Revenue and Forecast to 2027(US$ Million)
Figure 17. North America Tax Software Market Breakdown, by Deployment Type (2019 and 2027)
Figure 18. North America On-Premise Market Revenue and Forecast to 2027(US$ Million)
Figure 19. North America Cloud Market Revenue and Forecast to 2027(US$ Million)
Figure 20. North America Tax Software Market Breakdown, by Tax Type (2019 and 2027)
Figure 21. North America Sales Tax Market Revenue and Forecast to 2027(US$ Million)
Figure 22. Income Tax Market Revenue and Forecast to 2027(US$ Million)
Figure 23. Corporate Tax Market Revenue and Forecast to 2027(US$ Million)
Figure 24. North America Others Market Revenue and Forecast to 2027(US$ Million)
Figure 25. North America Tax Software Market Breakdown, by End-User (2019 and 2027)
Figure 26. North America Individual Market Revenue and Forecast to 2027(US$ Million)
Figure 27. North America Commercial Enterprises Market Revenue and Forecast to 2027(US$ Million)
Figure 28. North America Tax Software Market Breakdown, by Vertical (2019 and 2027)
Figure 29. North America BFSI Market Revenue and Forecast to 2027(US$ Million)
Figure 30. North America IT and Telecom Market Revenue and Forecast to 2027(US$ Million)
Figure 31. North America Healthcare Market Revenue and Forecast to 2027(US$ Million)
Figure 32. North America Government Market Revenue and Forecast to 2027(US$ Mn)
Figure 33. North America Retail Market Revenue and Forecast to 2027(US$ Mn)
Figure 34. North America Others Market Revenue and Forecast to 2027(US$ Mn)
Figure 35. North America: Tax Software Market Revenue Share, by Key Country (2019 and 2027)
Figure 36. US: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 37. Canada: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 38. Mexico: Tax Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 39. IMPACT OF COVID-19 PANDEMIC IN NORTH AMERICAN COUNTRY MARKETS
Figure 40. Impact of COVID-19 Pandemic in European Country Markets
Figure 41. IMPACT OF COVID-19 PANDEMIC IN APAC COUNTRY MARKETS
Figure 42. Impact of COVID-19 Pandemic in Middle East & African Country Markets
Figure 43. IMPACT OF COVID-19 PANDEMIC IN SAM COUNTRY MARKETS
The List of Companies - North America Tax Software Market
- Avalara Inc
- Chetu, Inc
- Drake Software
- H & R Block; Intuit Inc.
- Sage Group PLC
- Thomson Reuters Corporation
- Vertex, Inc.
- Wolters Kluwer N.V.
- Xero Limited.
- Intuit Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Tax Software Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America tax software market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution