Digital Transformation in Tax Technology Market is Booming Worldwide | Avalara, Taxjar, KPMG
Research Reports
Nov 15, 2021
A Latest intelligence report published by AMA Research with title “Digital Transformation in Tax Technology Market Outlook to 2026. A detailed study accumulated to offer Latest insights about acute features of the Global Digital Transformation in Tax Technology Market. This report provides a detailed overview of key factors in the Digital Transformation in Tax Technology Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors including economic slowdown, local & global reforms and COVID-19 Impact has been conducted to determine future growth prospects in the global market.
Major Players in This Report Include,
Avalara(United States),Ryan(United States),The Sage Group (United Kingdom),Sovos Compliance(United States),Taxjar (United States),Thomson Reuters(Canada),Vertex (United States),Wolters Kluwer (CCH Incorporated) (Netherlands),KPMG Global (Switzerland),IBM(United States)
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Definition:
In the past few years, the digital wave has become stronger and the business case for the adoption of new technologies in the tax function has gained further momentum, the digital transformation can significantly improve the lives of tax administrators and taxpayers. The revolutionary IT platform Goods and Digital Transformation in Tax Technology offers a common platform for registration, return filing and e-payment, it enhances the number and types of taxpayer services, engaging citizens. Tax gaps remain a big problem for many countries, According to the Global Financial Integrity, estimates that developing countries lose nearly USD 1 trillion a year to illicit financial flows and The most recent IRS gross tax gap projected a loss of USD458 billion in the U.S. in one year
Market Trend:
The emergence of the Certain technology trends, including Big Data, analytics, artificial intelligence (AI), machine learning, the Internet of Things (IoT) are all having a huge impact on tax administrations
Market Drivers:
Increasing use of digital transformation in Tax Technology of Tax authorities owing to harnessing the power of new technologies such as big data and advanced analytics to improve tax administration
Tax authorities are increasingly becoming digital and getting closer to the source data to better understand taxpayer trends and ensure better compliance
Challenges:
The cost of deployment and maintenance of large applications
Opportunities:
Digitalization and emerging technologies have opened the factors of growth opportunities for businesses, and for tax administrators
The increased collaboration among various government agencies, resulting in the swift exchange of information using digital means
The Global Digital Transformation in Tax Technology Market segments and Market Data Break Down are illuminated below:
by Application (Small and Medium Enterprises, Large Enterprises), Deployment Mode (Cloud-based, On premise), Payer types (Online, Offline), Services and communications (Governments and other government administrations, Government and citizens (G2C), Government and business (G2B)), Functionality (E-file, E-accounting, E-match, E-Audit, E-Assess)
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Report Highlights:
- Comprehensive overview of parent market & substitute market
- Changing market dynamics in the industry (COVID & Economic Impact Analysis)
- In-depth market segmentation (Trends, Growth with Historical & Forecast Analysis)
- Recent industry trends and development activity
- Competitive landscape (Heat Map Analysis for Emerging Players & Market Share Analysis for Major Players along with detailed Profiles)
Strategic Points Covered in Table of Content of Global Digital Transformation in Tax Technology Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Digital Transformation in Tax Technology market
Chapter 2: Exclusive Summary – the basic information of the Digital Transformation in Tax Technology Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Digital Transformation in Tax Technology
Chapter 4: Presenting the Digital Transformation in Tax Technology Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying market size by Type, End User and Region 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Digital Transformation in Tax Technology market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries (2021-2026).
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Digital Transformation in Tax Technology Market is a valuable source of guidance for individuals and companies in decision framework.
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Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Global Digital Transformation in Tax Technology market?
- What are the key concerns of the five forces analysis of the Global Digital Transformation in Tax Technology market?
- What are different prospects and threats faced by the dealers in the Global Digital Transformation in Tax Technology market?
- What are the strengths and weaknesses of the key vendors?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Southeast Asia.
About Author:
Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies’ revenues.
Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enable clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.
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