Sales Tax Software Market
PUBLISHED: 2024 ID: SMRC27876
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Sales Tax Software Market

Sales Tax Software Market Forecasts to 2030 - Global Analysis By Type (Sales Tax Calculation Software, Sales Tax Compliance Software, Sales Tax Reporting Software, Sales Tax Audit Software, and Other Types), Functionality, Deployment Model, Deployment Size, End User and By Geography

4.2 (26 reviews)
4.2 (26 reviews)
Published: 2024 ID: SMRC27876

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Sales Tax Software Market is accounted for $7.69 billion in 2024 and is expected to reach $14.78 billion by 2030 growing at a CAGR of 11.5% during the forecast period. Sales tax software ensures compliance with numerous local, state, and federal tax laws by automating the process of calculating, monitoring, and remitting sales tax for organizations. It facilitates reporting, lowers errors, and helps firms manage complicated tax laws. The growing complexity of tax laws, the quick expansion of online shopping, the requirement for effective compliance across several countries, and the popularity of cloud-based solutions are some of the main factors propelling its use. Its demand is also fuelled by the increased emphasis on automation and accuracy in company processes.

According to the World Trade Organization (WTO), in March 2022, Canada donated $2,000,000 (USD 1.5 million) to assist developing and least-developed nations in becoming more active participants in global agricultural trade. 

Market Dynamics: 

Driver: 

Increasing regulatory complexity

As regulations become more complex, the market for sales tax software is expanding quickly. Organizations find it difficult to keep up with the constantly evolving criteria for compliance as governments throughout the world implement new tax rules and modify existing ones. The growth of e-commerce, which demands precise tax computations for transactions across several jurisdictions, adds to this complexity. By automating tax computations, producing correct tax reports, and guaranteeing adherence to changing legislation, sales tax software solutions mitigate these issues and lower the possibility of expensive fines and audits.

Restraint:

High implementation costs

High implementation costs pose a serious obstacle, particularly for small and medium-sized enterprises. The initial outlay for buying, modifying, and integrating sales tax software can be high. Expenses that could place a strain on budgets include software licenses, consulting costs, training, and continuing maintenance. Furthermore, integrating the software with pre-existing systems—like accounting tools or enterprise resource planning (ERP)—may call for certain technical expertise, which would raise costs even more. These up-front expenses may intimidate many firms, particularly when contrasted with the perceived complexity and scope of their tax management requirements.

Opportunity:

Increasing globalization and cross-border transactions

The sales tax software business has been greatly impacted by globalization and the rise in cross-border transactions. Organizations have to deal with a complicated web of tax laws in every jurisdiction when they grow their operations internationally. By automating tax computations, producing precise tax reports, and guaranteeing adherence to various tax regulations, sales tax software solutions solve this problem. These technologies assist companies in optimizing their worldwide tax strategy, lowering compliance risks, and streamlining processes. Sales tax software companies can adjust to shifting tax laws and give firms with international operations real-time information by utilizing cutting-edge technology like artificial intelligence and machine learning.

Threat:

Data security concerns

With the increasing reliance on cloud-based solutions, data security issues provide a significant threat to the sales tax software market. Due to its management of private financial and transactional data, tax software is particularly vulnerable to data breaches, hacks, and illegal access. Companies are concerned about the possibility of revealing private financial records, customer information, and tax information. Strong security measures like encryption, multi-factor authentication, and adherence to privacy laws (like the GDPR) are crucial for reducing these dangers. But upholding these security measures can be expensive and complicated, which precludes a few companies from implementing advanced tax automation systems.

Covid-19 Impact

The COVID-19 pandemic significantly accelerated the adoption of sales tax software. The demand for automated tax compliance solutions increased as companies began to use remote work and e-commerce. As countries implemented new tax relief programs and changed tax laws, the pandemic brought to light the significance of precise tax computations and timely filing. Despite the exceptional economic challenges, sales tax software allowed firms to adjust to these changes, stay in compliance, and maximize their tax strategy. In this process of digital transformation, sales tax software became a vital instrument that helped companies increase overall productivity, cut expenses, and streamline operations.

The automated tax calculation segment is expected to be the largest during the forecast period

The automated tax calculation segment is estimated to be the largest, due to the necessity for real-time accuracy in tax reporting, the expansion of e-commerce, and the increasing complexity of tax laws across several jurisdictions. Automation reduces human error, expedites procedures, and guarantees adherence to various tax laws. Additionally, there is a growing need for automated tax computation features in sales tax software due to the drive for operational efficiency, cost reduction, and quicker decision-making as well as the use of cloud-based solutions.

The retail and e-commerce segment is expected to have the highest CAGR during the forecast period

The retail and e-commerce segment is anticipated to witness the highest CAGR during the forecast period. With the globalization of online buying, companies must deal with disparate sales tax rates in many nations and areas. Automated tax software lowers the possibility of mistakes or fines, streamlines compliance with local tax regulations, and ensures accurate, real-time tax calculations for shops. Strong tax automation solutions are also being adopted by e-commerce companies in order to increase efficiency and accuracy due to the growth of cross-border trade and complicated tax laws.

Region with largest share:

Asia Pacific is expected to have the largest market share during the forecast period due to swift economic expansion, a rise in online shopping, and the intricacy of tax laws in several nations. Companies that grow geographically must comply with a variety of tax rules and require automated solutions. The expanding digital transformation, the adoption of cloud-based technologies and the drive for operational efficiency all contribute to the market's rapid expansion. The need for sales tax software in the area is also influenced by government programs to improve tax enforcement and expedite tax collection procedures.

Region with highest CAGR:

North America is projected to witness the highest CAGR over the forecast period, because tax regulations are becoming more complicated, especially in the United States, where state and municipal tax rates vary. The demand for precise tax computations is further heightened by the expansion of e-commerce and international trade. Businesses are also being pressured to adhere to more stringent tax enforcement laws. The region's market is expanding due in large part to the broad use of cloud computing and the need for automation to guarantee compliance and streamline operations.

Key players in the market

Some of the key players profiled in the Sales Tax Software Market include Avalara, Vertex, Sovos, Thomson Reuters, Ryan, Sage Intacct, Sales Tax DataLINK, Intuit, APEX Analytix, LumaTax, Wolters Kluwer, CFS Tax Software, Xero, TaxJar, TaxCloud, TaxBit, TaxAct, Drake Software, TaxSlayer, and TaxWise.

Key Developments:

In September 2023, Avalara launched AvaTax for Shopify to help e-commerce businesses automatically calculate, collect, and remit sales tax in real time, directly integrated into Shopify's platform. The solution simplifies tax compliance for Shopify merchants, ensuring accurate tax calculation across multiple jurisdictions.

In August 2023, Vertex introduced enhanced capabilities in its cloud-based tax automation platform. The new features focus on real-time transaction tax calculation, improving compliance for businesses in both B2B and B2C sectors. The platform integrates seamlessly with ERP and e-commerce systems to manage complex tax scenarios.

In July 2023, Sovos launched its updated Intelligent Sales Tax Platform, offering advanced machine learning and artificial intelligence to automatically calculate, report, and file taxes in real-time across multiple jurisdictions. This platform targets both multinational enterprises and smaller businesses that need to stay compliant with dynamic tax regulations.

Types Covered:
• Sales Tax Calculation Software
• Sales Tax Compliance Software
• Sales Tax Reporting Software
• Sales Tax Audit Software
• Other Types

Functionalities Covered:
• Automated Tax Calculation
• Reporting & Filing
• Audit Management
• Tax Compliance Monitoring

Deployment Models Covered:
• Cloud-Based
• On-Premise

Deployment Sizes Covered:
• Small-to-Medium Businesses (SMBs)
• Large Enterprises

End Users Covered:
• Government and Public Sector
• Retail and E-commerce
• Manufacturing
• IT & Telecommunications
• Healthcare and Pharmaceuticals
• Transportation
• Banking, Financial Services, and Insurance (BFSI)
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
           
2 Preface          

 2.1 Abstract         
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology       
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions       
           
3 Market Trend Analysis        
 3.1 Introduction        
 3.2 Drivers         
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats         
 3.6 End User Analysis        
 3.7 Emerging Markets        
 3.8 Impact of Covid-19        
           
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry        
           
5 Global Sales Tax Software Market, By Type      
 5.1 Introduction        
 5.2 Sales Tax Calculation Software       
 5.3 Sales Tax Compliance Software      
 5.4 Sales Tax Reporting Software       
 5.5 Sales Tax Audit Software       
 5.6 Other Types        
           
6 Global Sales Tax Software Market, By Functionality      
 6.1 Introduction        
 6.2 Automated Tax Calculation       
 6.3 Reporting & Filing        
 6.4 Audit Management        
 6.5 Tax Compliance Monitoring       
           
7 Global Sales Tax Software Market, By Deployment Model     
 7.1 Introduction        
 7.2 Cloud-Based        
 7.3 On-Premise        
           
8 Global Sales Tax Software Market, By Deployment Size     
 8.1 Introduction        
 8.2 Small-to-Medium Businesses (SMBs)      
 8.3 Large Enterprises        
           
9 Global Sales Tax Software Market, By End User      
 9.1 Introduction        
 9.2 Government and Public Sector       
 9.3 Retail and E-commerce       
 9.4 Manufacturing        
 9.5 IT & Telecommunications       
 9.6 Healthcare and Pharmaceuticals      
 9.7 Transportation        
 9.8 Banking, Financial Services, and Insurance (BFSI)     
 9.9 Other End Users        
           
10 Global Sales Tax Software Market, By Geography      
 10.1 Introduction        
 10.2 North America        
  10.2.1 US        
  10.2.2 Canada        
  10.2.3 Mexico        
 10.3 Europe         
  10.3.1 Germany        
  10.3.2 UK        
  10.3.3 Italy        
  10.3.4 France        
  10.3.5 Spain        
  10.3.6 Rest of Europe       
 10.4 Asia Pacific        
  10.4.1 Japan        
  10.4.2 China        
  10.4.3 India        
  10.4.4 Australia        
  10.4.5 New Zealand       
  10.4.6 South Korea       
  10.4.7 Rest of Asia Pacific       
 10.5 South America        
  10.5.1 Argentina       
  10.5.2 Brazil        
  10.5.3 Chile        
  10.5.4 Rest of South America      
 10.6 Middle East & Africa       
  10.6.1 Saudi Arabia       
  10.6.2 UAE        
  10.6.3 Qatar        
  10.6.4 South Africa       
  10.6.5 Rest of Middle East & Africa      
           
11 Key Developments         
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 11.2 Acquisitions & Mergers       
 11.3 New Product Launch       
 11.4 Expansions        
 11.5 Other Key Strategies       
           
12 Company Profiling         
 12.1 Avalara         
 12.2 Vertex         
 12.3 Sovos         
 12.4 Thomson Reuters        
 12.5 Ryan         
 12.6 Sage Intacct        
 12.7 Sales Tax DataLINK        
 12.8 Intuit         
 12.9 APEX Analytix        
 12.10 LumaTax         
 12.11 Wolters Kluwer        
 12.12 CFS Tax Software        
 12.13 Xero         
 12.14 TaxJar         
 12.15 TaxCloud         
 12.16 TaxBit         
 12.17 TaxAct         
 12.18 Drake Software        
 12.19 TaxSlayer         
 12.20 TaxWise         
           
List of Tables          
1 Global Sales Tax Software Market Outlook, By Region (2022-2030) ($MN)    
2 Global Sales Tax Software Market Outlook, By Type (2022-2030) ($MN)    
3 Global Sales Tax Software Market Outlook, By Sales Tax Calculation Software (2022-2030) ($MN) 
4 Global Sales Tax Software Market Outlook, By Sales Tax Compliance Software (2022-2030) ($MN) 
5 Global Sales Tax Software Market Outlook, By Sales Tax Reporting Software (2022-2030) ($MN) 
6 Global Sales Tax Software Market Outlook, By Sales Tax Audit Software (2022-2030) ($MN)  
7 Global Sales Tax Software Market Outlook, By Other Types (2022-2030) ($MN)   
8 Global Sales Tax Software Market Outlook, By Functionality (2022-2030) ($MN)   
9 Global Sales Tax Software Market Outlook, By Automated Tax Calculation (2022-2030) ($MN)  
10 Global Sales Tax Software Market Outlook, By Reporting & Filing (2022-2030) ($MN)  
11 Global Sales Tax Software Market Outlook, By Audit Management (2022-2030) ($MN)  
12 Global Sales Tax Software Market Outlook, By Tax Compliance Monitoring (2022-2030) ($MN)  
13 Global Sales Tax Software Market Outlook, By Deployment Model (2022-2030) ($MN)  
14 Global Sales Tax Software Market Outlook, By Cloud-Based (2022-2030) ($MN)   
15 Global Sales Tax Software Market Outlook, By On-Premise (2022-2030) ($MN)   
16 Global Sales Tax Software Market Outlook, By Deployment Size (2022-2030) ($MN)   
17 Global Sales Tax Software Market Outlook, By Small-to-Medium Businesses (SMBs) (2022-2030) ($MN) 
18 Global Sales Tax Software Market Outlook, By Large Enterprises (2022-2030) ($MN)   
19 Global Sales Tax Software Market Outlook, By End User (2022-2030) ($MN)   
20 Global Sales Tax Software Market Outlook, By Government and Public Sector (2022-2030) ($MN) 
21 Global Sales Tax Software Market Outlook, By Retail and E-commerce (2022-2030) ($MN)  
22 Global Sales Tax Software Market Outlook, By Manufacturing (2022-2030) ($MN)   
23 Global Sales Tax Software Market Outlook, By IT & Telecommunications (2022-2030) ($MN)  
24 Global Sales Tax Software Market Outlook, By Healthcare and Pharmaceuticals (2022-2030) ($MN) 
25 Global Sales Tax Software Market Outlook, By Transportation (2022-2030) ($MN)   
26 Global Sales Tax Software Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2022-2030) ($MN)
27 Global Sales Tax Software Market Outlook, By Other End Users (2022-2030) ($MN)   
28 North America Sales Tax Software Market Outlook, By Country (2022-2030) ($MN)   
29 North America Sales Tax Software Market Outlook, By Type (2022-2030) ($MN)   
30 North America Sales Tax Software Market Outlook, By Sales Tax Calculation Software (2022-2030) ($MN)
31 North America Sales Tax Software Market Outlook, By Sales Tax Compliance Software (2022-2030) ($MN)
32 North America Sales Tax Software Market Outlook, By Sales Tax Reporting Software (2022-2030) ($MN) 
33 North America Sales Tax Software Market Outlook, By Sales Tax Audit Software (2022-2030) ($MN) 
34 North America Sales Tax Software Market Outlook, By Other Types (2022-2030) ($MN)  
35 North America Sales Tax Software Market Outlook, By Functionality (2022-2030) ($MN)  
36 North America Sales Tax Software Market Outlook, By Automated Tax Calculation (2022-2030) ($MN) 
37 North America Sales Tax Software Market Outlook, By Reporting & Filing (2022-2030) ($MN)  
38 North America Sales Tax Software Market Outlook, By Audit Management (2022-2030) ($MN)  
39 North America Sales Tax Software Market Outlook, By Tax Compliance Monitoring (2022-2030) ($MN) 
40 North America Sales Tax Software Market Outlook, By Deployment Model (2022-2030) ($MN)  
41 North America Sales Tax Software Market Outlook, By Cloud-Based (2022-2030) ($MN)  
42 North America Sales Tax Software Market Outlook, By On-Premise (2022-2030) ($MN)  
43 North America Sales Tax Software Market Outlook, By Deployment Size (2022-2030) ($MN)  
44 North America Sales Tax Software Market Outlook, By Small-to-Medium Businesses (SMBs) (2022-2030) ($MN)
45 North America Sales Tax Software Market Outlook, By Large Enterprises (2022-2030) ($MN)  
46 North America Sales Tax Software Market Outlook, By End User (2022-2030) ($MN)   
47 North America Sales Tax Software Market Outlook, By Government and Public Sector (2022-2030) ($MN)
48 North America Sales Tax Software Market Outlook, By Retail and E-commerce (2022-2030) ($MN) 
49 North America Sales Tax Software Market Outlook, By Manufacturing (2022-2030) ($MN)  
50 North America Sales Tax Software Market Outlook, By IT & Telecommunications (2022-2030) ($MN) 
51 North America Sales Tax Software Market Outlook, By Healthcare and Pharmaceuticals (2022-2030) ($MN)
52 North America Sales Tax Software Market Outlook, By Transportation (2022-2030) ($MN)  
53 North America Sales Tax Software Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2022-2030) ($MN)
54 North America Sales Tax Software Market Outlook, By Other End Users (2022-2030) ($MN)  
55 Europe Sales Tax Software Market Outlook, By Country (2022-2030) ($MN)   
56 Europe Sales Tax Software Market Outlook, By Type (2022-2030) ($MN)    
57 Europe Sales Tax Software Market Outlook, By Sales Tax Calculation Software (2022-2030) ($MN) 
58 Europe Sales Tax Software Market Outlook, By Sales Tax Compliance Software (2022-2030) ($MN) 
59 Europe Sales Tax Software Market Outlook, By Sales Tax Reporting Software (2022-2030) ($MN) 
60 Europe Sales Tax Software Market Outlook, By Sales Tax Audit Software (2022-2030) ($MN)  
61 Europe Sales Tax Software Market Outlook, By Other Types (2022-2030) ($MN)   
62 Europe Sales Tax Software Market Outlook, By Functionality (2022-2030) ($MN)   
63 Europe Sales Tax Software Market Outlook, By Automated Tax Calculation (2022-2030) ($MN)  
64 Europe Sales Tax Software Market Outlook, By Reporting & Filing (2022-2030) ($MN)  
65 Europe Sales Tax Software Market Outlook, By Audit Management (2022-2030) ($MN)  
66 Europe Sales Tax Software Market Outlook, By Tax Compliance Monitoring (2022-2030) ($MN) 
67 Europe Sales Tax Software Market Outlook, By Deployment Model (2022-2030) ($MN)  
68 Europe Sales Tax Software Market Outlook, By Cloud-Based (2022-2030) ($MN)   
69 Europe Sales Tax Software Market Outlook, By On-Premise (2022-2030) ($MN)   
70 Europe Sales Tax Software Market Outlook, By Deployment Size (2022-2030) ($MN)  
71 Europe Sales Tax Software Market Outlook, By Small-to-Medium Businesses (SMBs) (2022-2030) ($MN) 
72 Europe Sales Tax Software Market Outlook, By Large Enterprises (2022-2030) ($MN)  
73 Europe Sales Tax Software Market Outlook, By End User (2022-2030) ($MN)   
74 Europe Sales Tax Software Market Outlook, By Government and Public Sector (2022-2030) ($MN) 
75 Europe Sales Tax Software Market Outlook, By Retail and E-commerce (2022-2030) ($MN)  
76 Europe Sales Tax Software Market Outlook, By Manufacturing (2022-2030) ($MN)   
77 Europe Sales Tax Software Market Outlook, By IT & Telecommunications (2022-2030) ($MN)  
78 Europe Sales Tax Software Market Outlook, By Healthcare and Pharmaceuticals (2022-2030) ($MN) 
79 Europe Sales Tax Software Market Outlook, By Transportation (2022-2030) ($MN)   
80 Europe Sales Tax Software Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2022-2030) ($MN)
81 Europe Sales Tax Software Market Outlook, By Other End Users (2022-2030) ($MN)   
82 Asia Pacific Sales Tax Software Market Outlook, By Country (2022-2030) ($MN)   
83 Asia Pacific Sales Tax Software Market Outlook, By Type (2022-2030) ($MN)   
84 Asia Pacific Sales Tax Software Market Outlook, By Sales Tax Calculation Software (2022-2030) ($MN) 
85 Asia Pacific Sales Tax Software Market Outlook, By Sales Tax Compliance Software (2022-2030) ($MN) 
86 Asia Pacific Sales Tax Software Market Outlook, By Sales Tax Reporting Software (2022-2030) ($MN) 
87 Asia Pacific Sales Tax Software Market Outlook, By Sales Tax Audit Software (2022-2030) ($MN) 
88 Asia Pacific Sales Tax Software Market Outlook, By Other Types (2022-2030) ($MN)   
89 Asia Pacific Sales Tax Software Market Outlook, By Functionality (2022-2030) ($MN)  
90 Asia Pacific Sales Tax Software Market Outlook, By Automated Tax Calculation (2022-2030) ($MN) 
91 Asia Pacific Sales Tax Software Market Outlook, By Reporting & Filing (2022-2030) ($MN)  
92 Asia Pacific Sales Tax Software Market Outlook, By Audit Management (2022-2030) ($MN)  
93 Asia Pacific Sales Tax Software Market Outlook, By Tax Compliance Monitoring (2022-2030) ($MN) 
94 Asia Pacific Sales Tax Software Market Outlook, By Deployment Model (2022-2030) ($MN)  
95 Asia Pacific Sales Tax Software Market Outlook, By Cloud-Based (2022-2030) ($MN)   
96 Asia Pacific Sales Tax Software Market Outlook, By On-Premise (2022-2030) ($MN)   
97 Asia Pacific Sales Tax Software Market Outlook, By Deployment Size (2022-2030) ($MN)  
98 Asia Pacific Sales Tax Software Market Outlook, By Small-to-Medium Businesses (SMBs) (2022-2030) ($MN)
99 Asia Pacific Sales Tax Software Market Outlook, By Large Enterprises (2022-2030) ($MN)  
100 Asia Pacific Sales Tax Software Market Outlook, By End User (2022-2030) ($MN)   
101 Asia Pacific Sales Tax Software Market Outlook, By Government and Public Sector (2022-2030) ($MN) 
102 Asia Pacific Sales Tax Software Market Outlook, By Retail and E-commerce (2022-2030) ($MN)  
103 Asia Pacific Sales Tax Software Market Outlook, By Manufacturing (2022-2030) ($MN)  
104 Asia Pacific Sales Tax Software Market Outlook, By IT & Telecommunications (2022-2030) ($MN) 
105 Asia Pacific Sales Tax Software Market Outlook, By Healthcare and Pharmaceuticals (2022-2030) ($MN) 
106 Asia Pacific Sales Tax Software Market Outlook, By Transportation (2022-2030) ($MN)  
107 Asia Pacific Sales Tax Software Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2022-2030) ($MN)
108 Asia Pacific Sales Tax Software Market Outlook, By Other End Users (2022-2030) ($MN)  
109 South America Sales Tax Software Market Outlook, By Country (2022-2030) ($MN)   
110 South America Sales Tax Software Market Outlook, By Type (2022-2030) ($MN)   
111 South America Sales Tax Software Market Outlook, By Sales Tax Calculation Software (2022-2030) ($MN)
112 South America Sales Tax Software Market Outlook, By Sales Tax Compliance Software (2022-2030) ($MN)
113 South America Sales Tax Software Market Outlook, By Sales Tax Reporting Software (2022-2030) ($MN) 
114 South America Sales Tax Software Market Outlook, By Sales Tax Audit Software (2022-2030) ($MN) 
115 South America Sales Tax Software Market Outlook, By Other Types (2022-2030) ($MN)  
116 South America Sales Tax Software Market Outlook, By Functionality (2022-2030) ($MN)  
117 South America Sales Tax Software Market Outlook, By Automated Tax Calculation (2022-2030) ($MN) 
118 South America Sales Tax Software Market Outlook, By Reporting & Filing (2022-2030) ($MN)  
119 South America Sales Tax Software Market Outlook, By Audit Management (2022-2030) ($MN)  
120 South America Sales Tax Software Market Outlook, By Tax Compliance Monitoring (2022-2030) ($MN) 
121 South America Sales Tax Software Market Outlook, By Deployment Model (2022-2030) ($MN)  
122 South America Sales Tax Software Market Outlook, By Cloud-Based (2022-2030) ($MN)  
123 South America Sales Tax Software Market Outlook, By On-Premise (2022-2030) ($MN)  
124 South America Sales Tax Software Market Outlook, By Deployment Size (2022-2030) ($MN)  
125 South America Sales Tax Software Market Outlook, By Small-to-Medium Businesses (SMBs) (2022-2030) ($MN)
126 South America Sales Tax Software Market Outlook, By Large Enterprises (2022-2030) ($MN)  
127 South America Sales Tax Software Market Outlook, By End User (2022-2030) ($MN)   
128 South America Sales Tax Software Market Outlook, By Government and Public Sector (2022-2030) ($MN)
129 South America Sales Tax Software Market Outlook, By Retail and E-commerce (2022-2030) ($MN) 
130 South America Sales Tax Software Market Outlook, By Manufacturing (2022-2030) ($MN)  
131 South America Sales Tax Software Market Outlook, By IT & Telecommunications (2022-2030) ($MN) 
132 South America Sales Tax Software Market Outlook, By Healthcare and Pharmaceuticals (2022-2030) ($MN)
133 South America Sales Tax Software Market Outlook, By Transportation (2022-2030) ($MN)  
134 South America Sales Tax Software Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2022-2030) ($MN)
135 South America Sales Tax Software Market Outlook, By Other End Users (2022-2030) ($MN)  
136 Middle East & Africa Sales Tax Software Market Outlook, By Country (2022-2030) ($MN)  
137 Middle East & Africa Sales Tax Software Market Outlook, By Type (2022-2030) ($MN)  
138 Middle East & Africa Sales Tax Software Market Outlook, By Sales Tax Calculation Software (2022-2030) ($MN)
139 Middle East & Africa Sales Tax Software Market Outlook, By Sales Tax Compliance Software (2022-2030) ($MN)
140 Middle East & Africa Sales Tax Software Market Outlook, By Sales Tax Reporting Software (2022-2030) ($MN)
141 Middle East & Africa Sales Tax Software Market Outlook, By Sales Tax Audit Software (2022-2030) ($MN) 
142 Middle East & Africa Sales Tax Software Market Outlook, By Other Types (2022-2030) ($MN)  
143 Middle East & Africa Sales Tax Software Market Outlook, By Functionality (2022-2030) ($MN)  
144 Middle East & Africa Sales Tax Software Market Outlook, By Automated Tax Calculation (2022-2030) ($MN)
145 Middle East & Africa Sales Tax Software Market Outlook, By Reporting & Filing (2022-2030) ($MN) 
146 Middle East & Africa Sales Tax Software Market Outlook, By Audit Management (2022-2030) ($MN) 
147 Middle East & Africa Sales Tax Software Market Outlook, By Tax Compliance Monitoring (2022-2030) ($MN)
148 Middle East & Africa Sales Tax Software Market Outlook, By Deployment Model (2022-2030) ($MN) 
149 Middle East & Africa Sales Tax Software Market Outlook, By Cloud-Based (2022-2030) ($MN)  
150 Middle East & Africa Sales Tax Software Market Outlook, By On-Premise (2022-2030) ($MN)  
151 Middle East & Africa Sales Tax Software Market Outlook, By Deployment Size (2022-2030) ($MN) 
152 Middle East & Africa Sales Tax Software Market Outlook, By Small-to-Medium Businesses (SMBs) (2022-2030) ($MN)
153 Middle East & Africa Sales Tax Software Market Outlook, By Large Enterprises (2022-2030) ($MN) 
154 Middle East & Africa Sales Tax Software Market Outlook, By End User (2022-2030) ($MN)  
155 Middle East & Africa Sales Tax Software Market Outlook, By Government and Public Sector (2022-2030) ($MN)
156 Middle East & Africa Sales Tax Software Market Outlook, By Retail and E-commerce (2022-2030) ($MN) 
157 Middle East & Africa Sales Tax Software Market Outlook, By Manufacturing (2022-2030) ($MN) 
158 Middle East & Africa Sales Tax Software Market Outlook, By IT & Telecommunications (2022-2030) ($MN)
159 Middle East & Africa Sales Tax Software Market Outlook, By Healthcare and Pharmaceuticals (2022-2030) ($MN)
160 Middle East & Africa Sales Tax Software Market Outlook, By Transportation (2022-2030) ($MN) 
161 Middle East & Africa Sales Tax Software Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2022-2030) ($MN)
162 Middle East & Africa Sales Tax Software Market Outlook, By Other End Users (2022-2030) ($MN) 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

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Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

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