
Tax Management Market by Component (Software and Services), Deployment Mode (Cloud and On-Premises), Tax Type (Indirect Tax and Direct Tax), Organization Size (SMEs and Large Enterprises), Vertical and Region - Global Forecast to 2027
- January 26, 2023
- MarketsandMarkets
- 238
Tax Management Market by Component (Software and Services), Deployment Mode (Cloud and On-Premises), Tax Type (Indirect Tax and Direct Tax), Organization Size (SMEs and Large Enterprises), Vertical and Region - Global Forecast to 2027
Abstract
The global tax management market is expected to grow from USD 21.0 billion in 2022 to USD 35.1 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 10.8% during the forecast period. Factors driving the growth of the tax management market include digital transformation and modernization of tax and finance functions across verticals globally, the increasing volume of financial transactions across verticals due to digitalization, and the growing vigilance of tax administrators. Companies in the market have adopted various strategies to improve their business. They are enhancing their existing products through collaborations and product developments.
Large enterprises segment to exhibit significant growth during the forecast period
Organizations with more than 1,000 employees are categorized under the large enterprises' segment. Large enterprises have different characteristics and tax compliance behavior, which sets them apart from other taxpayer groups. Tax administrators across the globe are implementing special compliance programs and initiatives as part of a strategy to deal effectively with this segment of taxpayers. Globally, large enterprises are seen with similar tax characteristics. These enterprises have a complex structure with multiple operating entities having many international business dealings. Large enterprises contribute to a high portion of tax revenue. These factors, coupled with complex tax compliance needs, have driven the adoption of tax management software and services across the globe.
IT and Telecom vertical to hold third highest market size in 2022
The IT & Telecom vertical is experiencing digital disruption to enhance the consumer experience, resulting in both opportunities and complexities. The major challenges in this vertical include service innovation, managing network capacity, and pricing pressure. Companies operating in this vertical need to solve tax complexities imposed on them. Taxes imposed on telecom companies include sales taxes, local telecommunications taxes, federal universal fund fees, and state universal service fund fees. As governments continuously focus on auditing these companies, there are chances of failure in complying with tax rules, and on the other hand, there might be eligible exemptions or refunds of overpayments of tax. The use of tax management solutions can help the players in the IT & Telecom vertical to tackle these challenges. Avalara is one of the players offering tax management solutions for the IT & Telecom vertical.
Europe tax management market to record the second highest CAGR during the forecast period
Following North America, Europe is expected to be the second major contributor to the global tax management market. The major players in the tax management market have a strong direct or indirect presence in Europe. Businesses realize the benefits offered by tax management solutions leading to their large-scale adoption. EU is taking a number of steps to counter tax avoidance and evasion. Tax jurisdictions with higher tax burdens have introduced clauses to counter tax frauds in the region. In Europe, the UK, Germany, and France are expected to be the major contributors to the regional tax management market. The significant adoption of tax management solutions is also expected in other European countries, such as Italy, Spain, the Netherlands, Russia, Sweden, Norway, and Austria.
In-depth interviews were conducted with the Chief Executive Officers (CEOs), Chief Marketing Officers (CMO), Vice Presidents (VPs), Managing Directors (MDs), technology and innovation directors, and related key executives from various key companies and organizations operating in the tax management market.
By Company – Tier I–10%, Tier II–25%, and Tier III–65%
By Designation – C-Level Executives–40%, Director Level–35%, and Others–25%
By Region – North America–40%, Europe–30%, APAC–20%, RoW – 10%
The report profiles the following key vendors:
1.Avalara (US)
2.Automatic Data Processing (US)
3.Wolters Kluwer N.V (Netherlands)
4.Thomson Reuters (Canada)
5.Intuit (US)
6.H&R Block (US)
7.SAP SE (Germany)
8.Blucora (US)
9.Sovos Compliance (US)
10.Vertex (US)
11.Sailotech (US)
12.Defmacro Software (India)
13.DAVO Technologies (US)
14.Xero (New Zealand)
15.TaxSlayer (US)
16.Taxback International (Ireland)
17.TaxCloud (US)
18.Drake Enterprises (US)
19.Canopy Tax (US)
20.TaxJar (US)
21.Webgility (US)
22.LOVAT Software (UK)
23.SafeSend (US)
24.EXEMPTAX (US)
25.Sales Tax DataLINK (US)
26.Shoeboxed Inc. (US)
27.SAXTAX (US)
The study includes an in-depth competitive analysis of these key players in the tax management market with their company profiles, recent developments, and key market strategies.
Research Coverage
The tax management market revenue is primarily classified into revenues from software and services. The market is also segmented by tax type, deployment mode, organization size, vertical, and region. By the tax type, the market has been segmented into direct tax and indirect tax. By the deployment mode, the market has been classified into cloud and on-premises. By organization size, the market is classified by large enterprises and small and medium enterprises (SMEs). Further, by the vertical, the market is segmented into banking, financial services, and insurance (BFSI); manufacturing; information technology (IT) and Telecom; retail; energy and utilities; healthcare and life sciences; media and entertainment; and others (real estate and construction, and transportation and logistics). By region, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Key benefits of the report
The report would help market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall tax management market and the subsegments. This report would help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. The report would also help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.
Content
Table of Contents
1INTRODUCTION38
1.1STUDY OBJECTIVES38
1.2MARKET DEFINITION38
1.2.1INCLUSIONS AND EXCLUSIONS39
1.3MARKET SCOPE39
1.3.1MARKET SEGMENTATION40
1.3.2REGIONS COVERED40
1.3.3YEARS CONSIDERED41
1.4CURRENCY CONSIDERED41
TABLE 1UNITED STATES DOLLAR EXCHANGE RATE, 2017–202141
1.5STAKEHOLDERS41
1.6SUMMARY OF CHANGES42
2RESEARCH METHODOLOGY43
2.1RESEARCH DATA43
FIGURE 1GLOBAL TAX MANAGEMENT MARKET: RESEARCH DESIGN43
2.1.1SECONDARY DATA44
2.1.2PRIMARY DATA44
2.1.2.1Breakup of primary profiles45
FIGURE 2BREAK-UP OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION45
2.1.2.2Key industry insights45
2.2DATA TRIANGULATION46
2.3MARKET SIZE ESTIMATION47
FIGURE 3TAX MANAGEMENT MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES47
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1 (TOP-DOWN), REVENUE FROM TAX MANAGEMENT SOFTWARE AND SERVICES48
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY SIDE), COLLECTIVE REVENUE OF TAX MANAGEMENT VENDORS49
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: CAGR PROJECTIONS FROM SUPPLY SIDE50
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 2 (BOTTOM-UP), REVENUE GENERATED BY TAX MANAGEMENT VENDORS FROM EACH COMPONENT51
FIGURE 8MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 2 (DEMAND SIDE), REGIONAL LEVEL51
2.4MARKET FORECAST52
TABLE 2FACTOR ANALYSIS52
2.4.1RECESSION IMPACT53
2.4.2VENDOR INCLUSION CRITERIA53
2.5RESEARCH ASSUMPTIONS53
2.6RESEARCH LIMITATIONS55
FIGURE 9RESEARCH LIMITATIONS55
3EXECUTIVE SUMMARY56
FIGURE 10TAX MANAGEMENT MARKET: GLOBAL SNAPSHOT56
3.1TAX MANAGEMENT MARKET: OVERVIEW OF RECESSION IMPACT57
3.2TAX MANAGEMENT MARKET: OVERVIEW OF SEGMENTS58
FIGURE 11FASTEST-GROWING SEGMENTS OF TAX MANAGEMENT MARKET58
FIGURE 12SOFTWARE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD59
FIGURE 13INDIRECT TAX SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD59
FIGURE 14CLOUD SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD60
FIGURE 15BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI) SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD60
FIGURE 16TAX MANAGEMENT MARKET: REGIONAL SNAPSHOT61
4PREMIUM INSIGHTS62
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN TAX MANAGEMENT MARKET62
FIGURE 17RISING DEMAND FOR ADVANCED TAX COMPLIANCE SYSTEMS TO DRIVE MARKET62
4.2TAX MANAGEMENT MARKET, BY COMPONENT, 2022 VS. 202762
FIGURE 18SOFTWARE SEGMENT TO HOLD LARGER MARKET SHARE62
4.3TAX MANAGEMENT MARKET, BY TAX TYPE, 2022 VS. 202763
FIGURE 19INDIRECT TAX SEGMENT TO DOMINATE MARKET63
4.4TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE, 2022 VS. 202763
FIGURE 20CLOUD SEGMENT TO HOLD LARGER MARKET SHARE63
4.5TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2022 VS. 202764
FIGURE 21LARGE ENTERPRISES SEGMENT TO HOLD LARGER MARKET SHARE64
4.6TAX MANAGEMENT MARKET, BY VERTICAL, 2022 VS. 202764
FIGURE 22BFSI VERTICAL TO HOLD LARGEST MARKET SHARE64
4.7TAX MANAGEMENT MARKET, BY REGION, 2022 VS. 202765
FIGURE 23ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS65
FIGURE 24TAX MANAGEMENT MARKET IN INDIA TO GROW AT HIGHEST RATE DURING FORECAST PERIOD65
5MARKET OVERVIEW AND INDUSTRY TRENDS66
5.1INTRODUCTION66
5.2MARKET DYNAMICS66
FIGURE 25DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN TAX MANAGEMENT MARKET66
5.2.1DRIVERS67
5.2.1.1Increasing volume of financial transactions across verticals due to digitalization67
5.2.1.2Complex nature of tax systems67
5.2.1.3Vigilance by tax administrators67
5.2.1.4Automated compliance lowering burden of tax management68
5.2.2RESTRAINTS68
5.2.2.1Increasing theft of confidential data68
5.2.2.2Limitations in VAT design and administration68
5.2.3OPPORTUNITIES69
5.2.3.1Use of blockchain technology69
5.2.3.2Indirect tax management and compliance69
5.2.4CHALLENGES69
5.2.4.1Regular amendments in tax laws69
5.2.4.2Lack of standardized tax rules70
5.3CASE STUDIES70
5.3.1CASE STUDY 1: INTEGRATING TRANSACTION TAX PROCESSES WITH OTHER FINANCE APPLICATIONS IN DIFFERENT GEOGRAPHIC LOCATIONS70
5.3.2CASE STUDY 2: IMPLEMENTING AUTOMATED SALES TAX CALCULATION SOLUTION TO COMPLY WITH TAX RATES IN EACH COUNTRY71
5.3.3CASE STUDY 3: ADDRESSING VAT/GST CHALLENGES BY IMPLEMENTING AUTOMATIC VAT RECOVERY AND COMPLIANCE SOLUTION71
5.3.4CASE STUDY 4: STREAMLINING GAMING FIRM'S TAX MANAGEMENT72
5.3.5CASE STUDY 5: KEEPING AND MANAGING TAX RECORDS IN REAL TIME72
5.3.6CASE STUDY 6: STANDARDIZING COMPLIANCE FOR CHEMICAL FIRM73
5.4TECHNOLOGICAL ANALYSIS73
5.4.1ARTIFICIAL INTELLIGENCE73
5.4.2DATA ANALYTICS73
5.5PRICING ANALYSIS74
5.5.1SCALABLE PRICING MODEL74
5.5.2PAY-PER-RETURN POLICY74
5.5.3FREEMIUM PRICING MODEL74
TABLE 3PRICING ANALYSIS OF TAX MANAGEMENT VENDORS (1)74
TABLE 4PRICING ANALYSIS OF TAX MANAGEMENT VENDORS (2)75
5.5.4AVERAGE SELLING PRICE TREND75
5.6ECOSYSTEM ANALYSIS75
FIGURE 26TAX MANAGEMENT MARKET: ECOSYSTEM ANALYSIS75
5.7VALUE CHAIN ANALYSIS77
FIGURE 27TAX MANAGEMENT MARKET: VALUE CHAIN ANALYSIS77
5.8PATENT ANALYSIS78
FIGURE 28NUMBER OF PATENT DOCUMENTS PUBLISHED DURING 2012–202278
FIGURE 29TOP FIVE PATENT OWNERS (GLOBAL)79
TABLE 5TOP 10 PATENT APPLICANTS79
5.9PORTER'S FIVE FORCES ANALYSIS79
FIGURE 30TAX MANAGEMENT MARKET: PORTER'S FIVE FORCES ANALYSIS80
TABLE 6IMPACT OF PORTER’S FIVE FORCES ON TAX MANAGEMENT MARKET80
5.9.1THREAT OF NEW ENTRANTS80
5.9.2THREAT OF SUBSTITUTES81
5.9.3BARGAINING POWER OF SUPPLIERS81
5.9.4BARGAINING POWER OF BUYERS81
5.9.5DEGREE OF COMPETITION81
5.10KEY STAKEHOLDERS AND BUYING CRITERIA82
5.10.1KEY STAKEHOLDERS IN BUYING PROCESS82
FIGURE 31INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USES82
TABLE 7INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USES (%)82
5.10.2BUYING CRITERIA83
FIGURE 32KEY BUYING CRITERIA FOR TOP END USES83
TABLE 8KEY BUYING CRITERIA FOR TOP END USES83
5.11TRENDS/DISRUPTIONS IMPACTING BUYERS84
FIGURE 33TAX MANAGEMENT MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS84
5.12KEY CONFERENCES AND EVENTS IN 2022–202384
TABLE 9TAX MANAGEMENT MARKET: KEY CONFERENCES AND EVENTS84
5.13REGULATORY LANDSCAPE85
5.13.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS85
TABLE 10NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS85
TABLE 11EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS85
TABLE 12ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS86
TABLE 13REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS86
5.13.2REGULATIONS, BY REGION87
5.13.2.1North America87
5.13.2.2Europe88
5.13.2.3Asia Pacific88
5.13.2.4Middle East and South Africa88
5.13.2.5Latin America89
6TAX MANAGEMENT MARKET, BY COMPONENT90
6.1INTRODUCTION91
FIGURE 34SERVICES SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD91
6.1.1DRIVERS OF TAX MANAGEMENT MARKET, BY COMPONENT91
TABLE 14TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)92
TABLE 15TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)92
6.2SOFTWARE92
6.2.1INTEGRATION OF AUTOMATION AND AI FOR EFFECTIVE TAX MANAGEMENT TO DRIVE MARKET92
TABLE 16SOFTWARE: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)92
TABLE 17SOFTWARE: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)93
6.3SERVICES93
6.3.1HIGHER SPENDING ON MAINTENANCE SERVICES TO REDUCE DOWNTIME93
TABLE 18SERVICES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)93
TABLE 19SERVICES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)94
7TAX MANAGEMENT MARKET, BY TAX TYPE95
7.1INTRODUCTION96
FIGURE 35DIRECT TAX SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD96
7.1.1DRIVERS OF TAX MANAGEMENT MARKET, BY TAX TYPE96
TABLE 20TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)97
TABLE 21TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)97
7.2INDIRECT TAX97
7.2.1HIGH TAX FILING FREQUENCY TO INCREASE ADOPTION OF SOFTWARE FOR INDIRECT TAX MANAGEMENT97
TABLE 22INDIRECT TAX: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)98
TABLE 23INDIRECT TAX: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)98
7.3DIRECT TAX98
7.3.1DEMAND FROM MULTI-NATIONAL ORGANIZATIONS TO ACCURATELY ADDRESS MULTIPLE TAX COMPLIANCES TO BOOST MARKET98
TABLE 24DIRECT TAX: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)99
TABLE 25DIRECT TAX: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)99
8TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE100
8.1INTRODUCTION101
FIGURE 36CLOUD SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD101
8.1.1DRIVERS OF TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE101
TABLE 26TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)102
TABLE 27TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)102
8.2CLOUD102
8.2.1CLOUD-BASED PLATFORMS TO IMPROVE MOBILITY AND DECENTRALIZE DATA STORAGE AND COMPUTING102
TABLE 28CLOUD: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)103
TABLE 29CLOUD: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)103
8.3ON-PREMISES103
8.3.1DEMAND FROM BFSI TO STORE AND MANAGE DATA SECURELY ON-PREMISES TO FAVOR MARKET GROWTH103
TABLE 30ON-PREMISES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)104
TABLE 31ON-PREMISES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)104
9TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE105
9.1INTRODUCTION106
FIGURE 37SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD106
9.1.1DRIVERS OF TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE106
TABLE 32TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)107
TABLE 33TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)107
9.2SMALL AND MEDIUM-SIZED ENTERPRISES107
9.2.1VASTLY EXPANDING SME AND START-UP ECOSYSTEM TO DRIVE MARKET107
TABLE 34SMALL AND MEDIUM-SIZED ENTERPRISES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)108
TABLE 35SMALL AND MEDIUM-SIZED ENTERPRISES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)108
9.3LARGE ENTERPRISES108
9.3.1NEED TO COMPLY WITH VARIOUS MULTI-NATIONAL TAX JURISDICTIONS TO PROPEL MARKET108
TABLE 36LARGE ENTERPRISES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)109
TABLE 37LARGE ENTERPRISES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)109
10TAX MANAGEMENT MARKET, BY VERTICAL110
10.1INTRODUCTION111
FIGURE 38BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI) VERTICAL TO GROW AT HIGHEST RATE DURING FORECAST PERIOD111
10.1.1DRIVERS OF TAX MANAGEMENT MARKET, BY VERTICAL111
TABLE 38TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2018–2021 (USD MILLION)112
TABLE 39TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2022–2027 (USD MILLION)113
10.2BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI)113
10.2.1INCREASING USE OF BANKING APPLICATIONS TO DRIVE MARKET113
TABLE 40BANKING, FINANCIAL SERVICES AND INSURANCE: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)113
TABLE 41BANKING, FINANCIAL SERVICES AND INSURANCE: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)114
10.3IT & TELECOM114
10.3.1DIGITAL DISRUPTION FOR ENHANCING CONSUMER EXPERIENCE TO CREATE GROWTH OPPORTUNITIES114
TABLE 42IT & TELECOM: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)114
TABLE 43IT & TELECOM: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)115
10.4MANUFACTURING115
10.4.1GROWING MARKET REACH OF MANUFACTURERS TO INCREASE DEMAND FOR TAX MANAGEMENT SOLUTIONS115
TABLE 44MANUFACTURING: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)115
TABLE 45MANUFACTURING: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)116
10.5ENERGY & UTILITIES116
10.5.1ASIA PACIFIC TO BE FASTEST-GROWING MARKET IN THIS SEGMENT116
TABLE 46ENERGY & UTILITIES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)116
TABLE 47ENERGY & UTILITIES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)117
10.6RETAIL117
10.6.1DEMAND FOR INTELLIGENT AUTOMATED TAX MANAGEMENT SOLUTIONS TO BOOST MARKET117
TABLE 48RETAIL: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)117
TABLE 49RETAIL: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)118
10.7HEALTHCARE & LIFE SCIENCES118
10.7.1CONTINUOUS TAX REFORMS TO CONTRIBUTE TO MARKET GROWTH118
TABLE 50HEALTHCARE & LIFE SCIENCES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)118
TABLE 51HEALTHCARE & LIFE SCIENCES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)119
10.8MEDIA & ENTERTAINMENT119
10.8.1CHANGING TAX POLICIES TO PROPEL MARKET119
TABLE 52MEDIA & ENTERTAINMENT: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)119
TABLE 53MEDIA & ENTERTAINMENT: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)120
10.9OTHER VERTICALS120
TABLE 54OTHER VERTICALS: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)120
TABLE 55OTHER VERTICALS: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)121
11TAX MANAGEMENT MARKET, BY REGION122
11.1INTRODUCTION123
FIGURE 39ASIA PACIFIC TO GROW AT HIGHEST RATE DURING FORECAST PERIOD123
TABLE 56TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)123
TABLE 57TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)124
11.2NORTH AMERICA124
11.2.1NORTH AMERICA: TAX MANAGEMENT MARKET DRIVERS124
11.2.2NORTH AMERICA: RECESSION IMPACT124
FIGURE 40NORTH AMERICA: TAX MANAGEMENT MARKET SNAPSHOT125
TABLE 58NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)126
TABLE 59NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)126
TABLE 60NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)126
TABLE 61NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)126
TABLE 62NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)127
TABLE 63NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)127
TABLE 64NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)127
TABLE 65NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)127
TABLE 66NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2018–2021 (USD MILLION)128
TABLE 67NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2022–2027 (USD MILLION)128
TABLE 68NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)129
TABLE 69NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)129
11.2.3US129
11.2.3.1To be major contributor to regional market growth129
TABLE 70US: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)129
TABLE 71US: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)130
TABLE 72US: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)130
TABLE 73US: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)130
TABLE 74US: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)130
TABLE 75US: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)131
TABLE 76US: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)131
TABLE 77US: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)131
11.2.4CANADA131
11.2.4.1To offer lucrative growth opportunities to market players131
TABLE 78CANADA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)132
TABLE 79CANADA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)132
TABLE 80CANADA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)132
TABLE 81CANADA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)132
TABLE 82CANADA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)133
TABLE 83CANADA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)133
TABLE 84CANADA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)133
TABLE 85CANADA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)133
11.3EUROPE134
11.3.1EUROPE: TAX MANAGEMENT MARKET DRIVERS134
11.3.2EUROPE: RECESSION IMPACT134
TABLE 86EUROPE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)135
TABLE 87EUROPE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)135
TABLE 88EUROPE: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)135
TABLE 89EUROPE: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)135
TABLE 90EUROPE: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)136
TABLE 91EUROPE: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)136
TABLE 92EUROPE: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)136
TABLE 93EUROPE: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)136
TABLE 94EUROPE: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2018–2021 (USD MILLION)137
TABLE 95EUROPE: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2022–2027 (USD MILLION)137
TABLE 96EUROPE: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)137
TABLE 97EUROPE: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)138
11.3.3UK138
11.3.3.1To maintain its competitive position in global market138
TABLE 98UK: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)138
TABLE 99UK: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)138
TABLE 100UK: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)139
TABLE 101UK: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)139
TABLE 102UK: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)139
TABLE 103UK: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)139
TABLE 104UK: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)140
TABLE 105UK: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)140
11.3.4GERMANY140
11.3.4.1Significant developments in tax laws to drive market140
TABLE 106GERMANY: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)140
TABLE 107GERMANY: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)141
TABLE 108GERMANY: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)141
TABLE 109GERMANY: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)141
TABLE 110GERMANY: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)141
TABLE 111GERMANY: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)142
TABLE 112GERMANY: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)142
TABLE 113GERMANY: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)142
11.3.5FRANCE142
11.3.5.1Complex tax laws to encourage businesses to implement tax management solutions142
TABLE 114FRANCE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)143
TABLE 115FRANCE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)143
TABLE 116FRANCE: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)143
TABLE 117FRANCE: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)143
TABLE 118FRANCE: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)144
TABLE 119FRANCE: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)144
TABLE 120FRANCE: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)144
TABLE 121FRANCE: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)144
11.3.6REST OF EUROPE145
TABLE 122REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)145
TABLE 123REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)145
TABLE 124REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)145
TABLE 125REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)146
TABLE 126REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)146
TABLE 127REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)146
TABLE 128REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)146
TABLE 129REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)147
11.4ASIA PACIFIC147
11.4.1ASIA PACIFIC: TAX MANAGEMENT MARKET DRIVERS147
11.4.2ASIA PACIFIC: RECESSION IMPACT147
FIGURE 41ASIA PACIFIC: TAX MANAGEMENT MARKET SNAPSHOT148
TABLE 130ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)149
TABLE 131ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)149
TABLE 132ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)149
TABLE 133ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)149
TABLE 134ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)150
TABLE 135ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)150
TABLE 136ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)150
TABLE 137ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)150
TABLE 138ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2018–2021 (USD MILLION)151
TABLE 139ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2022–2027 (USD MILLION)151
TABLE 140ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)152
TABLE 141ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)152
11.4.3CHINA152
11.4.3.1Blockchain technology to disrupt market152
TABLE 142CHINA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)154
TABLE 143CHINA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)154
TABLE 144CHINA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)155
TABLE 145CHINA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)155
TABLE 146CHINA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)155
TABLE 147CHINA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)155
TABLE 148CHINA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)156
TABLE 149CHINA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)156
11.4.4JAPAN156
11.4.4.1To be competitive market for tax management solutions and services156
TABLE 150JAPAN: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)156
TABLE 151JAPAN: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)157
TABLE 152JAPAN: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)157
TABLE 153JAPAN: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)157
TABLE 154JAPAN: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)157
TABLE 155JAPAN: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)158
TABLE 156JAPAN: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)158
TABLE 157JAPAN: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)158
11.4.5INDIA158
11.4.5.1Use of automated tax management solutions to grow during forecast period158
TABLE 158INDIA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)159
TABLE 159INDIA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)159
TABLE 160INDIA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)159
TABLE 161INDIA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)159
TABLE 162INDIA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)160
TABLE 163INDIA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)160
TABLE 164INDIA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)160
TABLE 165INDIA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)160
11.4.6REST OF ASIA PACIFIC161
TABLE 166REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)161
TABLE 167REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)161
TABLE 168REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)161
TABLE 169REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)162
TABLE 170REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)162
TABLE 171REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)162
TABLE 172REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)162
TABLE 173REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)163
11.5MIDDLE EAST & AFRICA163
11.5.1MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET DRIVERS163
11.5.2MIDDLE EAST & AFRICA: RECESSION IMPACT163
TABLE 174MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)164
TABLE 175MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)164
TABLE 176MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)164
TABLE 177MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)165
TABLE 178MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)165
TABLE 179MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)165
TABLE 180MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)165
TABLE 181MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)166
TABLE 182MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2018–2021 (USD MILLION)166
TABLE 183MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2022–2027 (USD MILLION)166
TABLE 184MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)167
TABLE 185MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)167
11.5.3SOUTH AFRICA167
11.5.3.1Focus on simplification of tax process to drive demand for tax management solutions167
TABLE 186SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)167
TABLE 187SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)168
TABLE 188SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)168
TABLE 189SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)168
TABLE 190SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)168
TABLE 191SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)169
TABLE 192SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)169
TABLE 193SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)169
11.5.4SAUDI ARABIA169
11.5.4.1Complex taxes imposed on country’s natural resources to boost market169
TABLE 194SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)170
TABLE 195SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)170
TABLE 196SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)170
TABLE 197SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)170
TABLE 198SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)171
TABLE 199SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)171
TABLE 200SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)171
TABLE 201SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)171
11.5.5REST OF MIDDLE EAST AND AFRICA172
TABLE 202REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)172
TABLE 203REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)172
TABLE 204REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)172
TABLE 205REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)173
TABLE 206REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)173
TABLE 207REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)173
TABLE 208REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)173
TABLE 209REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)174
Large enterprises segment to exhibit significant growth during the forecast period
Organizations with more than 1,000 employees are categorized under the large enterprises' segment. Large enterprises have different characteristics and tax compliance behavior, which sets them apart from other taxpayer groups. Tax administrators across the globe are implementing special compliance programs and initiatives as part of a strategy to deal effectively with this segment of taxpayers. Globally, large enterprises are seen with similar tax characteristics. These enterprises have a complex structure with multiple operating entities having many international business dealings. Large enterprises contribute to a high portion of tax revenue. These factors, coupled with complex tax compliance needs, have driven the adoption of tax management software and services across the globe.
IT and Telecom vertical to hold third highest market size in 2022
The IT & Telecom vertical is experiencing digital disruption to enhance the consumer experience, resulting in both opportunities and complexities. The major challenges in this vertical include service innovation, managing network capacity, and pricing pressure. Companies operating in this vertical need to solve tax complexities imposed on them. Taxes imposed on telecom companies include sales taxes, local telecommunications taxes, federal universal fund fees, and state universal service fund fees. As governments continuously focus on auditing these companies, there are chances of failure in complying with tax rules, and on the other hand, there might be eligible exemptions or refunds of overpayments of tax. The use of tax management solutions can help the players in the IT & Telecom vertical to tackle these challenges. Avalara is one of the players offering tax management solutions for the IT & Telecom vertical.
Europe tax management market to record the second highest CAGR during the forecast period
Following North America, Europe is expected to be the second major contributor to the global tax management market. The major players in the tax management market have a strong direct or indirect presence in Europe. Businesses realize the benefits offered by tax management solutions leading to their large-scale adoption. EU is taking a number of steps to counter tax avoidance and evasion. Tax jurisdictions with higher tax burdens have introduced clauses to counter tax frauds in the region. In Europe, the UK, Germany, and France are expected to be the major contributors to the regional tax management market. The significant adoption of tax management solutions is also expected in other European countries, such as Italy, Spain, the Netherlands, Russia, Sweden, Norway, and Austria.
In-depth interviews were conducted with the Chief Executive Officers (CEOs), Chief Marketing Officers (CMO), Vice Presidents (VPs), Managing Directors (MDs), technology and innovation directors, and related key executives from various key companies and organizations operating in the tax management market.
By Company – Tier I–10%, Tier II–25%, and Tier III–65%
By Designation – C-Level Executives–40%, Director Level–35%, and Others–25%
By Region – North America–40%, Europe–30%, APAC–20%, RoW – 10%
The report profiles the following key vendors:
1.Avalara (US)
2.Automatic Data Processing (US)
3.Wolters Kluwer N.V (Netherlands)
4.Thomson Reuters (Canada)
5.Intuit (US)
6.H&R Block (US)
7.SAP SE (Germany)
8.Blucora (US)
9.Sovos Compliance (US)
10.Vertex (US)
11.Sailotech (US)
12.Defmacro Software (India)
13.DAVO Technologies (US)
14.Xero (New Zealand)
15.TaxSlayer (US)
16.Taxback International (Ireland)
17.TaxCloud (US)
18.Drake Enterprises (US)
19.Canopy Tax (US)
20.TaxJar (US)
21.Webgility (US)
22.LOVAT Software (UK)
23.SafeSend (US)
24.EXEMPTAX (US)
25.Sales Tax DataLINK (US)
26.Shoeboxed Inc. (US)
27.SAXTAX (US)
The study includes an in-depth competitive analysis of these key players in the tax management market with their company profiles, recent developments, and key market strategies.
Research Coverage
The tax management market revenue is primarily classified into revenues from software and services. The market is also segmented by tax type, deployment mode, organization size, vertical, and region. By the tax type, the market has been segmented into direct tax and indirect tax. By the deployment mode, the market has been classified into cloud and on-premises. By organization size, the market is classified by large enterprises and small and medium enterprises (SMEs). Further, by the vertical, the market is segmented into banking, financial services, and insurance (BFSI); manufacturing; information technology (IT) and Telecom; retail; energy and utilities; healthcare and life sciences; media and entertainment; and others (real estate and construction, and transportation and logistics). By region, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Key benefits of the report
The report would help market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall tax management market and the subsegments. This report would help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. The report would also help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.
1INTRODUCTION38
1.1STUDY OBJECTIVES38
1.2MARKET DEFINITION38
1.2.1INCLUSIONS AND EXCLUSIONS39
1.3MARKET SCOPE39
1.3.1MARKET SEGMENTATION40
1.3.2REGIONS COVERED40
1.3.3YEARS CONSIDERED41
1.4CURRENCY CONSIDERED41
TABLE 1UNITED STATES DOLLAR EXCHANGE RATE, 2017–202141
1.5STAKEHOLDERS41
1.6SUMMARY OF CHANGES42
2RESEARCH METHODOLOGY43
2.1RESEARCH DATA43
FIGURE 1GLOBAL TAX MANAGEMENT MARKET: RESEARCH DESIGN43
2.1.1SECONDARY DATA44
2.1.2PRIMARY DATA44
2.1.2.1Breakup of primary profiles45
FIGURE 2BREAK-UP OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION45
2.1.2.2Key industry insights45
2.2DATA TRIANGULATION46
2.3MARKET SIZE ESTIMATION47
FIGURE 3TAX MANAGEMENT MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES47
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1 (TOP-DOWN), REVENUE FROM TAX MANAGEMENT SOFTWARE AND SERVICES48
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY SIDE), COLLECTIVE REVENUE OF TAX MANAGEMENT VENDORS49
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: CAGR PROJECTIONS FROM SUPPLY SIDE50
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 2 (BOTTOM-UP), REVENUE GENERATED BY TAX MANAGEMENT VENDORS FROM EACH COMPONENT51
FIGURE 8MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 2 (DEMAND SIDE), REGIONAL LEVEL51
2.4MARKET FORECAST52
TABLE 2FACTOR ANALYSIS52
2.4.1RECESSION IMPACT53
2.4.2VENDOR INCLUSION CRITERIA53
2.5RESEARCH ASSUMPTIONS53
2.6RESEARCH LIMITATIONS55
FIGURE 9RESEARCH LIMITATIONS55
3EXECUTIVE SUMMARY56
FIGURE 10TAX MANAGEMENT MARKET: GLOBAL SNAPSHOT56
3.1TAX MANAGEMENT MARKET: OVERVIEW OF RECESSION IMPACT57
3.2TAX MANAGEMENT MARKET: OVERVIEW OF SEGMENTS58
FIGURE 11FASTEST-GROWING SEGMENTS OF TAX MANAGEMENT MARKET58
FIGURE 12SOFTWARE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD59
FIGURE 13INDIRECT TAX SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD59
FIGURE 14CLOUD SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD60
FIGURE 15BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI) SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD60
FIGURE 16TAX MANAGEMENT MARKET: REGIONAL SNAPSHOT61
4PREMIUM INSIGHTS62
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN TAX MANAGEMENT MARKET62
FIGURE 17RISING DEMAND FOR ADVANCED TAX COMPLIANCE SYSTEMS TO DRIVE MARKET62
4.2TAX MANAGEMENT MARKET, BY COMPONENT, 2022 VS. 202762
FIGURE 18SOFTWARE SEGMENT TO HOLD LARGER MARKET SHARE62
4.3TAX MANAGEMENT MARKET, BY TAX TYPE, 2022 VS. 202763
FIGURE 19INDIRECT TAX SEGMENT TO DOMINATE MARKET63
4.4TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE, 2022 VS. 202763
FIGURE 20CLOUD SEGMENT TO HOLD LARGER MARKET SHARE63
4.5TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2022 VS. 202764
FIGURE 21LARGE ENTERPRISES SEGMENT TO HOLD LARGER MARKET SHARE64
4.6TAX MANAGEMENT MARKET, BY VERTICAL, 2022 VS. 202764
FIGURE 22BFSI VERTICAL TO HOLD LARGEST MARKET SHARE64
4.7TAX MANAGEMENT MARKET, BY REGION, 2022 VS. 202765
FIGURE 23ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS65
FIGURE 24TAX MANAGEMENT MARKET IN INDIA TO GROW AT HIGHEST RATE DURING FORECAST PERIOD65
5MARKET OVERVIEW AND INDUSTRY TRENDS66
5.1INTRODUCTION66
5.2MARKET DYNAMICS66
FIGURE 25DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN TAX MANAGEMENT MARKET66
5.2.1DRIVERS67
5.2.1.1Increasing volume of financial transactions across verticals due to digitalization67
5.2.1.2Complex nature of tax systems67
5.2.1.3Vigilance by tax administrators67
5.2.1.4Automated compliance lowering burden of tax management68
5.2.2RESTRAINTS68
5.2.2.1Increasing theft of confidential data68
5.2.2.2Limitations in VAT design and administration68
5.2.3OPPORTUNITIES69
5.2.3.1Use of blockchain technology69
5.2.3.2Indirect tax management and compliance69
5.2.4CHALLENGES69
5.2.4.1Regular amendments in tax laws69
5.2.4.2Lack of standardized tax rules70
5.3CASE STUDIES70
5.3.1CASE STUDY 1: INTEGRATING TRANSACTION TAX PROCESSES WITH OTHER FINANCE APPLICATIONS IN DIFFERENT GEOGRAPHIC LOCATIONS70
5.3.2CASE STUDY 2: IMPLEMENTING AUTOMATED SALES TAX CALCULATION SOLUTION TO COMPLY WITH TAX RATES IN EACH COUNTRY71
5.3.3CASE STUDY 3: ADDRESSING VAT/GST CHALLENGES BY IMPLEMENTING AUTOMATIC VAT RECOVERY AND COMPLIANCE SOLUTION71
5.3.4CASE STUDY 4: STREAMLINING GAMING FIRM'S TAX MANAGEMENT72
5.3.5CASE STUDY 5: KEEPING AND MANAGING TAX RECORDS IN REAL TIME72
5.3.6CASE STUDY 6: STANDARDIZING COMPLIANCE FOR CHEMICAL FIRM73
5.4TECHNOLOGICAL ANALYSIS73
5.4.1ARTIFICIAL INTELLIGENCE73
5.4.2DATA ANALYTICS73
5.5PRICING ANALYSIS74
5.5.1SCALABLE PRICING MODEL74
5.5.2PAY-PER-RETURN POLICY74
5.5.3FREEMIUM PRICING MODEL74
TABLE 3PRICING ANALYSIS OF TAX MANAGEMENT VENDORS (1)74
TABLE 4PRICING ANALYSIS OF TAX MANAGEMENT VENDORS (2)75
5.5.4AVERAGE SELLING PRICE TREND75
5.6ECOSYSTEM ANALYSIS75
FIGURE 26TAX MANAGEMENT MARKET: ECOSYSTEM ANALYSIS75
5.7VALUE CHAIN ANALYSIS77
FIGURE 27TAX MANAGEMENT MARKET: VALUE CHAIN ANALYSIS77
5.8PATENT ANALYSIS78
FIGURE 28NUMBER OF PATENT DOCUMENTS PUBLISHED DURING 2012–202278
FIGURE 29TOP FIVE PATENT OWNERS (GLOBAL)79
TABLE 5TOP 10 PATENT APPLICANTS79
5.9PORTER'S FIVE FORCES ANALYSIS79
FIGURE 30TAX MANAGEMENT MARKET: PORTER'S FIVE FORCES ANALYSIS80
TABLE 6IMPACT OF PORTER’S FIVE FORCES ON TAX MANAGEMENT MARKET80
5.9.1THREAT OF NEW ENTRANTS80
5.9.2THREAT OF SUBSTITUTES81
5.9.3BARGAINING POWER OF SUPPLIERS81
5.9.4BARGAINING POWER OF BUYERS81
5.9.5DEGREE OF COMPETITION81
5.10KEY STAKEHOLDERS AND BUYING CRITERIA82
5.10.1KEY STAKEHOLDERS IN BUYING PROCESS82
FIGURE 31INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USES82
TABLE 7INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USES (%)82
5.10.2BUYING CRITERIA83
FIGURE 32KEY BUYING CRITERIA FOR TOP END USES83
TABLE 8KEY BUYING CRITERIA FOR TOP END USES83
5.11TRENDS/DISRUPTIONS IMPACTING BUYERS84
FIGURE 33TAX MANAGEMENT MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS84
5.12KEY CONFERENCES AND EVENTS IN 2022–202384
TABLE 9TAX MANAGEMENT MARKET: KEY CONFERENCES AND EVENTS84
5.13REGULATORY LANDSCAPE85
5.13.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS85
TABLE 10NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS85
TABLE 11EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS85
TABLE 12ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS86
TABLE 13REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS86
5.13.2REGULATIONS, BY REGION87
5.13.2.1North America87
5.13.2.2Europe88
5.13.2.3Asia Pacific88
5.13.2.4Middle East and South Africa88
5.13.2.5Latin America89
6TAX MANAGEMENT MARKET, BY COMPONENT90
6.1INTRODUCTION91
FIGURE 34SERVICES SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD91
6.1.1DRIVERS OF TAX MANAGEMENT MARKET, BY COMPONENT91
TABLE 14TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)92
TABLE 15TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)92
6.2SOFTWARE92
6.2.1INTEGRATION OF AUTOMATION AND AI FOR EFFECTIVE TAX MANAGEMENT TO DRIVE MARKET92
TABLE 16SOFTWARE: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)92
TABLE 17SOFTWARE: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)93
6.3SERVICES93
6.3.1HIGHER SPENDING ON MAINTENANCE SERVICES TO REDUCE DOWNTIME93
TABLE 18SERVICES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)93
TABLE 19SERVICES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)94
7TAX MANAGEMENT MARKET, BY TAX TYPE95
7.1INTRODUCTION96
FIGURE 35DIRECT TAX SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD96
7.1.1DRIVERS OF TAX MANAGEMENT MARKET, BY TAX TYPE96
TABLE 20TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)97
TABLE 21TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)97
7.2INDIRECT TAX97
7.2.1HIGH TAX FILING FREQUENCY TO INCREASE ADOPTION OF SOFTWARE FOR INDIRECT TAX MANAGEMENT97
TABLE 22INDIRECT TAX: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)98
TABLE 23INDIRECT TAX: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)98
7.3DIRECT TAX98
7.3.1DEMAND FROM MULTI-NATIONAL ORGANIZATIONS TO ACCURATELY ADDRESS MULTIPLE TAX COMPLIANCES TO BOOST MARKET98
TABLE 24DIRECT TAX: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)99
TABLE 25DIRECT TAX: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)99
8TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE100
8.1INTRODUCTION101
FIGURE 36CLOUD SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD101
8.1.1DRIVERS OF TAX MANAGEMENT MARKET, BY DEPLOYMENT MODE101
TABLE 26TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)102
TABLE 27TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)102
8.2CLOUD102
8.2.1CLOUD-BASED PLATFORMS TO IMPROVE MOBILITY AND DECENTRALIZE DATA STORAGE AND COMPUTING102
TABLE 28CLOUD: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)103
TABLE 29CLOUD: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)103
8.3ON-PREMISES103
8.3.1DEMAND FROM BFSI TO STORE AND MANAGE DATA SECURELY ON-PREMISES TO FAVOR MARKET GROWTH103
TABLE 30ON-PREMISES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)104
TABLE 31ON-PREMISES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)104
9TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE105
9.1INTRODUCTION106
FIGURE 37SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD106
9.1.1DRIVERS OF TAX MANAGEMENT MARKET, BY ORGANIZATION SIZE106
TABLE 32TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)107
TABLE 33TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)107
9.2SMALL AND MEDIUM-SIZED ENTERPRISES107
9.2.1VASTLY EXPANDING SME AND START-UP ECOSYSTEM TO DRIVE MARKET107
TABLE 34SMALL AND MEDIUM-SIZED ENTERPRISES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)108
TABLE 35SMALL AND MEDIUM-SIZED ENTERPRISES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)108
9.3LARGE ENTERPRISES108
9.3.1NEED TO COMPLY WITH VARIOUS MULTI-NATIONAL TAX JURISDICTIONS TO PROPEL MARKET108
TABLE 36LARGE ENTERPRISES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)109
TABLE 37LARGE ENTERPRISES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)109
10TAX MANAGEMENT MARKET, BY VERTICAL110
10.1INTRODUCTION111
FIGURE 38BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI) VERTICAL TO GROW AT HIGHEST RATE DURING FORECAST PERIOD111
10.1.1DRIVERS OF TAX MANAGEMENT MARKET, BY VERTICAL111
TABLE 38TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2018–2021 (USD MILLION)112
TABLE 39TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2022–2027 (USD MILLION)113
10.2BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI)113
10.2.1INCREASING USE OF BANKING APPLICATIONS TO DRIVE MARKET113
TABLE 40BANKING, FINANCIAL SERVICES AND INSURANCE: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)113
TABLE 41BANKING, FINANCIAL SERVICES AND INSURANCE: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)114
10.3IT & TELECOM114
10.3.1DIGITAL DISRUPTION FOR ENHANCING CONSUMER EXPERIENCE TO CREATE GROWTH OPPORTUNITIES114
TABLE 42IT & TELECOM: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)114
TABLE 43IT & TELECOM: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)115
10.4MANUFACTURING115
10.4.1GROWING MARKET REACH OF MANUFACTURERS TO INCREASE DEMAND FOR TAX MANAGEMENT SOLUTIONS115
TABLE 44MANUFACTURING: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)115
TABLE 45MANUFACTURING: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)116
10.5ENERGY & UTILITIES116
10.5.1ASIA PACIFIC TO BE FASTEST-GROWING MARKET IN THIS SEGMENT116
TABLE 46ENERGY & UTILITIES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)116
TABLE 47ENERGY & UTILITIES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)117
10.6RETAIL117
10.6.1DEMAND FOR INTELLIGENT AUTOMATED TAX MANAGEMENT SOLUTIONS TO BOOST MARKET117
TABLE 48RETAIL: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)117
TABLE 49RETAIL: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)118
10.7HEALTHCARE & LIFE SCIENCES118
10.7.1CONTINUOUS TAX REFORMS TO CONTRIBUTE TO MARKET GROWTH118
TABLE 50HEALTHCARE & LIFE SCIENCES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)118
TABLE 51HEALTHCARE & LIFE SCIENCES: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)119
10.8MEDIA & ENTERTAINMENT119
10.8.1CHANGING TAX POLICIES TO PROPEL MARKET119
TABLE 52MEDIA & ENTERTAINMENT: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)119
TABLE 53MEDIA & ENTERTAINMENT: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)120
10.9OTHER VERTICALS120
TABLE 54OTHER VERTICALS: TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)120
TABLE 55OTHER VERTICALS: TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)121
11TAX MANAGEMENT MARKET, BY REGION122
11.1INTRODUCTION123
FIGURE 39ASIA PACIFIC TO GROW AT HIGHEST RATE DURING FORECAST PERIOD123
TABLE 56TAX MANAGEMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)123
TABLE 57TAX MANAGEMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)124
11.2NORTH AMERICA124
11.2.1NORTH AMERICA: TAX MANAGEMENT MARKET DRIVERS124
11.2.2NORTH AMERICA: RECESSION IMPACT124
FIGURE 40NORTH AMERICA: TAX MANAGEMENT MARKET SNAPSHOT125
TABLE 58NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)126
TABLE 59NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)126
TABLE 60NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)126
TABLE 61NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)126
TABLE 62NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)127
TABLE 63NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)127
TABLE 64NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)127
TABLE 65NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)127
TABLE 66NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2018–2021 (USD MILLION)128
TABLE 67NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2022–2027 (USD MILLION)128
TABLE 68NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)129
TABLE 69NORTH AMERICA: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)129
11.2.3US129
11.2.3.1To be major contributor to regional market growth129
TABLE 70US: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)129
TABLE 71US: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)130
TABLE 72US: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)130
TABLE 73US: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)130
TABLE 74US: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)130
TABLE 75US: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)131
TABLE 76US: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)131
TABLE 77US: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)131
11.2.4CANADA131
11.2.4.1To offer lucrative growth opportunities to market players131
TABLE 78CANADA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)132
TABLE 79CANADA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)132
TABLE 80CANADA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)132
TABLE 81CANADA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)132
TABLE 82CANADA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)133
TABLE 83CANADA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)133
TABLE 84CANADA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)133
TABLE 85CANADA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)133
11.3EUROPE134
11.3.1EUROPE: TAX MANAGEMENT MARKET DRIVERS134
11.3.2EUROPE: RECESSION IMPACT134
TABLE 86EUROPE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)135
TABLE 87EUROPE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)135
TABLE 88EUROPE: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)135
TABLE 89EUROPE: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)135
TABLE 90EUROPE: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)136
TABLE 91EUROPE: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)136
TABLE 92EUROPE: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)136
TABLE 93EUROPE: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)136
TABLE 94EUROPE: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2018–2021 (USD MILLION)137
TABLE 95EUROPE: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2022–2027 (USD MILLION)137
TABLE 96EUROPE: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)137
TABLE 97EUROPE: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)138
11.3.3UK138
11.3.3.1To maintain its competitive position in global market138
TABLE 98UK: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)138
TABLE 99UK: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)138
TABLE 100UK: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)139
TABLE 101UK: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)139
TABLE 102UK: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)139
TABLE 103UK: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)139
TABLE 104UK: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)140
TABLE 105UK: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)140
11.3.4GERMANY140
11.3.4.1Significant developments in tax laws to drive market140
TABLE 106GERMANY: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)140
TABLE 107GERMANY: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)141
TABLE 108GERMANY: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)141
TABLE 109GERMANY: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)141
TABLE 110GERMANY: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)141
TABLE 111GERMANY: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)142
TABLE 112GERMANY: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)142
TABLE 113GERMANY: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)142
11.3.5FRANCE142
11.3.5.1Complex tax laws to encourage businesses to implement tax management solutions142
TABLE 114FRANCE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)143
TABLE 115FRANCE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)143
TABLE 116FRANCE: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)143
TABLE 117FRANCE: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)143
TABLE 118FRANCE: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)144
TABLE 119FRANCE: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)144
TABLE 120FRANCE: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)144
TABLE 121FRANCE: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)144
11.3.6REST OF EUROPE145
TABLE 122REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)145
TABLE 123REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)145
TABLE 124REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)145
TABLE 125REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)146
TABLE 126REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)146
TABLE 127REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)146
TABLE 128REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)146
TABLE 129REST OF EUROPE: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)147
11.4ASIA PACIFIC147
11.4.1ASIA PACIFIC: TAX MANAGEMENT MARKET DRIVERS147
11.4.2ASIA PACIFIC: RECESSION IMPACT147
FIGURE 41ASIA PACIFIC: TAX MANAGEMENT MARKET SNAPSHOT148
TABLE 130ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)149
TABLE 131ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)149
TABLE 132ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)149
TABLE 133ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)149
TABLE 134ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)150
TABLE 135ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)150
TABLE 136ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)150
TABLE 137ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)150
TABLE 138ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2018–2021 (USD MILLION)151
TABLE 139ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2022–2027 (USD MILLION)151
TABLE 140ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)152
TABLE 141ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)152
11.4.3CHINA152
11.4.3.1Blockchain technology to disrupt market152
TABLE 142CHINA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)154
TABLE 143CHINA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)154
TABLE 144CHINA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)155
TABLE 145CHINA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)155
TABLE 146CHINA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)155
TABLE 147CHINA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)155
TABLE 148CHINA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)156
TABLE 149CHINA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)156
11.4.4JAPAN156
11.4.4.1To be competitive market for tax management solutions and services156
TABLE 150JAPAN: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)156
TABLE 151JAPAN: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)157
TABLE 152JAPAN: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)157
TABLE 153JAPAN: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)157
TABLE 154JAPAN: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)157
TABLE 155JAPAN: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)158
TABLE 156JAPAN: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)158
TABLE 157JAPAN: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)158
11.4.5INDIA158
11.4.5.1Use of automated tax management solutions to grow during forecast period158
TABLE 158INDIA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)159
TABLE 159INDIA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)159
TABLE 160INDIA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)159
TABLE 161INDIA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)159
TABLE 162INDIA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)160
TABLE 163INDIA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)160
TABLE 164INDIA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)160
TABLE 165INDIA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)160
11.4.6REST OF ASIA PACIFIC161
TABLE 166REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)161
TABLE 167REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)161
TABLE 168REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)161
TABLE 169REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)162
TABLE 170REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)162
TABLE 171REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)162
TABLE 172REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)162
TABLE 173REST OF ASIA PACIFIC: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)163
11.5MIDDLE EAST & AFRICA163
11.5.1MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET DRIVERS163
11.5.2MIDDLE EAST & AFRICA: RECESSION IMPACT163
TABLE 174MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)164
TABLE 175MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)164
TABLE 176MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)164
TABLE 177MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)165
TABLE 178MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)165
TABLE 179MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)165
TABLE 180MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)165
TABLE 181MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)166
TABLE 182MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2018–2021 (USD MILLION)166
TABLE 183MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY VERTICAL, 2022–2027 (USD MILLION)166
TABLE 184MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)167
TABLE 185MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)167
11.5.3SOUTH AFRICA167
11.5.3.1Focus on simplification of tax process to drive demand for tax management solutions167
TABLE 186SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)167
TABLE 187SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)168
TABLE 188SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)168
TABLE 189SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)168
TABLE 190SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)168
TABLE 191SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)169
TABLE 192SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)169
TABLE 193SOUTH AFRICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)169
11.5.4SAUDI ARABIA169
11.5.4.1Complex taxes imposed on country’s natural resources to boost market169
TABLE 194SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)170
TABLE 195SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)170
TABLE 196SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)170
TABLE 197SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)170
TABLE 198SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)171
TABLE 199SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)171
TABLE 200SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)171
TABLE 201SAUDI ARABIA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)171
11.5.5REST OF MIDDLE EAST AND AFRICA172
TABLE 202REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2021 (USD MILLION)172
TABLE 203REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY COMPONENT, 2022–2027 (USD MILLION)172
TABLE 204REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2018–2021 (USD MILLION)172
TABLE 205REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY TAX TYPE, 2022–2027 (USD MILLION)173
TABLE 206REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)173
TABLE 207REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)173
TABLE 208REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)173
TABLE 209REST OF MIDDLE EAST & AFRICA: TAX MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)174
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