Sales Tax Software Market 2021

AbsoluteMarketsInsights Presents “Sales Tax Software Market Research Report –Global Forecast to 2030” New Document to its Studies Database

The sales tax software is being increasingly used in businesses including shipping, contracts, products and accounting. Integration of technology in sales tax management of the business assists in reducing the time effort. The sales tax management process generally involves includes calculation, filing, and reporting with an aim to fulfill all the tax obligations. In addition, advent of technology automation results in significant reduction of average cost for small and medium sized organizations. Automation of sales tax management is pushing the organizations to enhance their operational efficiency and overall profit. For instance, SOVOS introduced an automated government certified sales tax software, Taxify, which provides real time tax rates, and is a print ready platform. The sales tax software is equipped with self-service portal that provides easy procedure of filing the taxes. Thus, such factors are expected to enhance the growth of global sales tax software market during the forecast period.

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Major Key Players:

Some of the prominent players operating in the global sales tax software market include APEX Analytix, Avalara, CCH Incorporated, eDocSolutions, eGov Systems amongst others.

Key Findings of the Report:

In terms of revenue, global sales tax software market was valued US$ 4063.2 Million in 2018 owing to growing adoption of advanced technologies in order to standardizes and regularize taxation systems.

On the basis of deployment, cloud is expected to grow exponentially over the forecast period owing to growing adoption of cloud based services by industries.

Based on the industry vertical, BFSI is projected to hold largest market share over the forecast period. The adoption of sales tax software in BFSI enables secure transactions and better evaluation of tax filing systems, which is expected to be a key driver for the market.

Market Segmentation

By Solutions

Consumer Use Tax Management

Automatic Tax Filings

Exemption Certificate Management

Others

By Deployment

On-premise

Cloud

Single-Tenant

Multi-Tenant

By Platform

Web

Mobile

Android Native

iOS Native

By End User

Individuals

Commercial Enterprise

Small & Medium Enterprises

Large Enterprises

By Industry Vertical

Banking, Financial Services and Insurance ( BFSI )

Transportation

Retail

Telecommunication & IT

Healthcare

Manufacturing

Food Services

Energy and Utilities

Others (Construction, Education, Etc.)

By Region

North America

U.S.

Canada

Mexico

Rest of North America

Europe

France

The UK

Spain

Germany

Italy

Nordic Countries

Denmark

Finland

Iceland

Sweden

Norway

Benelux Union

Belgium

The Netherlands

Luxembourg

Rest of Europe

Asia Pacific

China

Japan

India

New Zealand

Australia

South Korea

Southeast Asia

Indonesia

.…

Contact us:

Shreyas Tanna

Phone: +91-740-024-2424

Absolute Markets Insights

Email: [email protected]