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.