The Latin America, Middle East and Africa Tax Management Market would witness market growth of 14.6% CAGR during the forecast period (2021-2027).
Every industry is being impacted by digitalization, and every business process is evolving at a rapid pace. Financial transactions are transitioning from cash to cashless as a result of digitization. The rise in the number of smartphones and internet users is one of the main reasons for increasing digitalization. Digitalization is being promoted by a number of governments around the world. For example, the Indian government has launched a program dubbed 'Digital India,' which promotes digital transactions. As a result, digitization is expected to drive the tax management market during the forecasting period.
Moreover, the widespread usage of web-based e-commerce and banking systems has increased the volume of online transactions around the world. This rise in online digital transactions is expected to enhance demand for various tax administration systems for sales tax, GST, and service tax, thus propelling the growth of the market.
Effective tax administration aids the formal registration of governments and corporations, resulting in higher general taxation and tax collections. Tajikistan's administration, for example, has made tax reform a top priority as it works toward its economic goals. In 2013, Tajikistan initiated the Tax Reform Project, which aimed to make the country's tax system more competitive, transparent, and service-oriented. Infrastructure modernization and the installation of a single tax administration system have increased the efficiency of tax officers and taxpayers.
The higher demand for these solutions in the regional market is mostly due to an increase in the use of tax software by SMEs and large businesses to manage tax filings and financial transactions. Moreover, the Brazilian government created a monetary framework to make tax collection easier for micro and small firms.
The Brazil market dominated the LAMEA Tax Management Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $716.1 million by 2027. The Argentina market is exhibiting a CAGR of 15.2% during (2021 - 2027). Additionally, The UAE market would witness a CAGR of 14.3% during (2021 - 2027).
Based on Component, the market is segmented into Software and Services. Based on Tax Type, the market is segmented into Indirect Tax and Direct Tax. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on End User, the market is segmented into BFSI, IT & Telecom, Retail, Healthcare, Energy & Utilities, Manufacturing, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Tax Management Market is Predict to reach $33.9 Billion by 2027, at a CAGR of 10.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Avalara, Inc., Blucora, Inc., H&R Block, Inc., Sovos Compliance, LLC, Vertex, Inc., ADP, Inc., SAP SE, Intuit, Inc., Thomson Reuters Corporation, and Wolters Kluwer N.V.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Tax Type
By Deployment Mode
By Organization Size
- Large Enterprises
- Small & Medium-sized Enterprises (SMEs)
By End User
- BFSI
- IT & Telecom
- Retail
- Healthcare
- Energy & Utilities
- Manufacturing
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Avalara, Inc.
- Blucora, Inc.
- H&R Block, Inc.
- Sovos Compliance, LLC
- Vertex, Inc.
- ADP, Inc.
- SAP SE
- Intuit, Inc.
- Thomson Reuters Corporation
- Wolters Kluwer N.V.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Tax Management Market, by Component
1.4.2 LAMEA Tax Management Market, by Tax Type
1.4.3 LAMEA Tax Management Market, by Deployment Mode
1.4.4 LAMEA Tax Management Market, by Organization Size
1.4.5 LAMEA Tax Management Market, by End User
1.4.6 LAMEA Tax Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisitions and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Acquisitions and Mergers: 2018, Aug – 2021, Dec) Leading Players
Chapter 4. LAMEA Tax Management Market by Component
4.1 LAMEA Software Market by Country
4.2 LAMEA Services Market by Country
Chapter 5. LAMEA Tax Management Market by Tax Type
5.1 LAMEA Indirect Tax Market by Country
5.2 LAMEA Direct Tax Market by Country
Chapter 6. LAMEA Tax Management Market by Deployment Mode
6.1 LAMEA Cloud Market by Country
6.2 LAMEA On-premise Market by Country
Chapter 7. LAMEA Tax Management Market by Organization Size
7.1 LAMEA Large Enterprises Market by Country
7.2 LAMEA Small & Medium-sized Enterprises (SMEs) Market by Country
Chapter 8. LAMEA Tax Management Market by End User
8.1 LAMEA BFSI Market by Country
8.2 LAMEA IT & Telecom Market by Country
8.3 LAMEA Retail Market by Country
8.4 LAMEA Healthcare Market by Country
8.5 LAMEA Energy & Utilities Market by Country
8.6 LAMEA Manufacturing Market by Country
8.7 LAMEA Others Market by Country
Chapter 9. LAMEA Tax Management Market by Country
9.1 Brazil Tax Management Market
9.1.1 Brazil Tax Management Market by Component
9.1.2 Brazil Tax Management Market by Tax Type
9.1.3 Brazil Tax Management Market by Deployment Mode
9.1.4 Brazil Tax Management Market by Organization Size
9.1.5 Brazil Tax Management Market by End User
9.2 Argentina Tax Management Market
9.2.1 Argentina Tax Management Market by Component
9.2.2 Argentina Tax Management Market by Tax Type
9.2.3 Argentina Tax Management Market by Deployment Mode
9.2.4 Argentina Tax Management Market by Organization Size
9.2.5 Argentina Tax Management Market by End User
9.3 UAE Tax Management Market
9.3.1 UAE Tax Management Market by Component
9.3.2 UAE Tax Management Market by Tax Type
9.3.3 UAE Tax Management Market by Deployment Mode
9.3.4 UAE Tax Management Market by Organization Size
9.3.5 UAE Tax Management Market by End User
9.4 Saudi Arabia Tax Management Market
9.4.1 Saudi Arabia Tax Management Market by Component
9.4.2 Saudi Arabia Tax Management Market by Tax Type
9.4.3 Saudi Arabia Tax Management Market by Deployment Mode
9.4.4 Saudi Arabia Tax Management Market by Organization Size
9.4.5 Saudi Arabia Tax Management Market by End User
9.5 South Africa Tax Management Market
9.5.1 South Africa Tax Management Market by Component
9.5.2 South Africa Tax Management Market by Tax Type
9.5.3 South Africa Tax Management Market by Deployment Mode
9.5.4 South Africa Tax Management Market by Organization Size
9.5.5 South Africa Tax Management Market by End User
9.6 Nigeria Tax Management Market
9.6.1 Nigeria Tax Management Market by Component
9.6.2 Nigeria Tax Management Market by Tax Type
9.6.3 Nigeria Tax Management Market by Deployment Mode
9.6.4 Nigeria Tax Management Market by Organization Size
9.6.5 Nigeria Tax Management Market by End User
9.7 Rest of LAMEA Tax Management Market
9.7.1 Rest of LAMEA Tax Management Market by Component
9.7.2 Rest of LAMEA Tax Management Market by Tax Type
9.7.3 Rest of LAMEA Tax Management Market by Deployment Mode
9.7.4 Rest of LAMEA Tax Management Market by Organization Size
9.7.5 Rest of LAMEA Tax Management Market by End User
Chapter 10. Company Profiles
10.1 Avalara, Inc.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Research & Development Expenses
10.1.4 Recent strategies and developments:
10.1.4.1 Partnerships, Collaborations, and Agreements:
10.1.4.2 Product Launches and Product Expansions:
10.1.4.3 Acquisitions and Mergers:
10.2 Blucora, Inc.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental Analysis
10.3 H&R Block, Inc.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Recent strategies and developments:
10.3.3.1 Partnerships, Collaborations, and Agreements:
10.3.3.2 Acquisitions and Mergers:
10.4 Sovos Compliance, LLC
10.4.1 Company Overview
10.4.2 Recent strategies and developments:
10.4.2.1 Product Launches and Product Expansions:
10.4.2.2 Acquisitions and Mergers:
10.5 Vertex, Inc.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Research & Development Expenses
10.5.4 Recent strategies and developments:
10.5.4.1 Partnerships, Collaborations, and Agreements:
10.5.4.2 Product Launches and Product Expansions:
10.5.4.3 Acquisitions and Mergers:
10.6 ADP, Inc.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Recent strategies and developments:
10.6.4.1 Partnerships, Collaborations, and Agreements:
10.6.4.2 Product Launches and Product Expansions:
10.6.4.3 Acquisitions and Mergers:
10.7 SAP SE
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expense
10.8 Intuit, Inc.
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental Analysis
10.8.4 Research & Development Expense
10.8.5 Recent strategies and developments:
10.8.5.1 Partnerships, Collaborations, and Agreements:
10.8.5.2 Product Launches and Product Expansions:
10.8.5.3 Acquisitions and Mergers:
10.9 Thomson Reuters Corporation (The Woodbridge Company)
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Recent strategies and developments:
10.9.4.1 Partnerships, Collaborations, and Agreements:
10.9.4.2 Product Launches and Product Expansions:
10.9.4.3 Acquisitions and Mergers:
10.10. Wolters Kluwer N.V.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Recent strategies and developments:
10.10.4.1 Partnerships, Collaborations, and Agreements:
10.10.4.2 Acquisitions and Mergers:
TABLE 1 LAMEA Tax Management Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Tax Management Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Tax Management Market
TABLE 4 Product Launches And Product Expansions– Tax Management Market
TABLE 5 Acquisitions and Mergers– Tax Management Market
TABLE 6 LAMEA Tax Management Market by Component, 2017 - 2020, USD Million
TABLE 7 LAMEA Tax Management Market by Component, 2021 - 2027, USD Million
TABLE 8 LAMEA Software Market by Country, 2017 - 2020, USD Million
TABLE 9 LAMEA Software Market by Country, 2021 - 2027, USD Million
TABLE 10 LAMEA Services Market by Country, 2017 - 2020, USD Million
TABLE 11 LAMEA Services Market by Country, 2021 - 2027, USD Million
TABLE 12 LAMEA Tax Management Market by Tax Type, 2017 - 2020, USD Million
TABLE 13 LAMEA Tax Management Market by Tax Type, 2021 - 2027, USD Million
TABLE 14 LAMEA Indirect Tax Market by Country, 2017 - 2020, USD Million
TABLE 15 LAMEA Indirect Tax Market by Country, 2021 - 2027, USD Million
TABLE 16 LAMEA Direct Tax Market by Country, 2017 - 2020, USD Million
TABLE 17 LAMEA Direct Tax Market by Country, 2021 - 2027, USD Million
TABLE 18 LAMEA Tax Management Market by Deployment Mode, 2017 - 2020, USD Million
TABLE 19 LAMEA Tax Management Market by Deployment Mode, 2021 - 2027, USD Million
TABLE 20 LAMEA Cloud Market by Country, 2017 - 2020, USD Million
TABLE 21 LAMEA Cloud Market by Country, 2021 - 2027, USD Million
TABLE 22 LAMEA On-premise Market by Country, 2017 - 2020, USD Million
TABLE 23 LAMEA On-premise Market by Country, 2021 - 2027, USD Million
TABLE 24 LAMEA Tax Management Market by Organization Size, 2017 - 2020, USD Million
TABLE 25 LAMEA Tax Management Market by Organization Size, 2021 - 2027, USD Million
TABLE 26 LAMEA Large Enterprises Market by Country, 2017 - 2020, USD Million
TABLE 27 LAMEA Large Enterprises Market by Country, 2021 - 2027, USD Million
TABLE 28 LAMEA Small & Medium-sized Enterprises (SMEs) Market by Country, 2017 - 2020, USD Million
TABLE 29 LAMEA Small & Medium-sized Enterprises (SMEs) Market by Country, 2021 - 2027, USD Million
TABLE 30 LAMEA Tax Management Market by End User, 2017 - 2020, USD Million
TABLE 31 LAMEA Tax Management Market by End User, 2021 - 2027, USD Million
TABLE 32 LAMEA BFSI Market by Country, 2017 - 2020, USD Million
TABLE 33 LAMEA BFSI Market by Country, 2021 - 2027, USD Million
TABLE 34 LAMEA IT & Telecom Market by Country, 2017 - 2020, USD Million
TABLE 35 LAMEA IT & Telecom Market by Country, 2021 - 2027, USD Million
TABLE 36 LAMEA Retail Market by Country, 2017 - 2020, USD Million
TABLE 37 LAMEA Retail Market by Country, 2021 - 2027, USD Million
TABLE 38 LAMEA Healthcare Market by Country, 2017 - 2020, USD Million
TABLE 39 LAMEA Healthcare Market by Country, 2021 - 2027, USD Million
TABLE 40 LAMEA Energy & Utilities Market by Country, 2017 - 2020, USD Million
TABLE 41 LAMEA Energy & Utilities Market by Country, 2021 - 2027, USD Million
TABLE 42 LAMEA Manufacturing Market by Country, 2017 - 2020, USD Million
TABLE 43 LAMEA Manufacturing Market by Country, 2021 - 2027, USD Million
TABLE 44 LAMEA Others Market by Country, 2017 - 2020, USD Million
TABLE 45 LAMEA Others Market by Country, 2021 - 2027, USD Million
TABLE 46 LAMEA Tax Management Market by Country, 2017 - 2020, USD Million
TABLE 47 LAMEA Tax Management Market by Country, 2021 - 2027, USD Million
TABLE 48 Brazil Tax Management Market, 2017 - 2020, USD Million
TABLE 49 Brazil Tax Management Market, 2021 - 2027, USD Million
TABLE 50 Brazil Tax Management Market by Component, 2017 - 2020, USD Million
TABLE 51 Brazil Tax Management Market by Component, 2021 - 2027, USD Million
TABLE 52 Brazil Tax Management Market by Tax Type, 2017 - 2020, USD Million
TABLE 53 Brazil Tax Management Market by Tax Type, 2021 - 2027, USD Million
TABLE 54 Brazil Tax Management Market by Deployment Mode, 2017 - 2020, USD Million
TABLE 55 Brazil Tax Management Market by Deployment Mode, 2021 - 2027, USD Million
TABLE 56 Brazil Tax Management Market by Organization Size, 2017 - 2020, USD Million
TABLE 57 Brazil Tax Management Market by Organization Size, 2021 - 2027, USD Million
TABLE 58 Brazil Tax Management Market by End User, 2017 - 2020, USD Million
TABLE 59 Brazil Tax Management Market by End User, 2021 - 2027, USD Million
TABLE 60 Argentina Tax Management Market, 2017 - 2020, USD Million
TABLE 61 Argentina Tax Management Market, 2021 - 2027, USD Million
TABLE 62 Argentina Tax Management Market by Component, 2017 - 2020, USD Million
TABLE 63 Argentina Tax Management Market by Component, 2021 - 2027, USD Million
TABLE 64 Argentina Tax Management Market by Tax Type, 2017 - 2020, USD Million
TABLE 65 Argentina Tax Management Market by Tax Type, 2021 - 2027, USD Million
TABLE 66 Argentina Tax Management Market by Deployment Mode, 2017 - 2020, USD Million
TABLE 67 Argentina Tax Management Market by Deployment Mode, 2021 - 2027, USD Million
TABLE 68 Argentina Tax Management Market by Organization Size, 2017 - 2020, USD Million
TABLE 69 Argentina Tax Management Market by Organization Size, 2021 - 2027, USD Million
TABLE 70 Argentina Tax Management Market by End User, 2017 - 2020, USD Million
TABLE 71 Argentina Tax Management Market by End User, 2021 - 2027, USD Million
TABLE 72 UAE Tax Management Market, 2017 - 2020, USD Million
TABLE 73 UAE Tax Management Market, 2021 - 2027, USD Million
TABLE 74 UAE Tax Management Market by Component, 2017 - 2020, USD Million
TABLE 75 UAE Tax Management Market by Component, 2021 - 2027, USD Million
TABLE 76 UAE Tax Management Market by Tax Type, 2017 - 2020, USD Million
TABLE 77 UAE Tax Management Market by Tax Type, 2021 - 2027, USD Million
TABLE 78 UAE Tax Management Market by Deployment Mode, 2017 - 2020, USD Million
TABLE 79 UAE Tax Management Market by Deployment Mode, 2021 - 2027, USD Million
TABLE 80 UAE Tax Management Market by Organization Size, 2017 - 2020, USD Million
TABLE 81 UAE Tax Management Market by Organization Size, 2021 - 2027, USD Million
TABLE 82 UAE Tax Management Market by End User, 2017 - 2020, USD Million
TABLE 83 UAE Tax Management Market by End User, 2021 - 2027, USD Million
TABLE 84 Saudi Arabia Tax Management Market, 2017 - 2020, USD Million
TABLE 85 Saudi Arabia Tax Management Market, 2021 - 2027, USD Million
TABLE 86 Saudi Arabia Tax Management Market by Component, 2017 - 2020, USD Million
TABLE 87 Saudi Arabia Tax Management Market by Component, 2021 - 2027, USD Million
TABLE 88 Saudi Arabia Tax Management Market by Tax Type, 2017 - 2020, USD Million
TABLE 89 Saudi Arabia Tax Management Market by Tax Type, 2021 - 2027, USD Million
TABLE 90 Saudi Arabia Tax Management Market by Deployment Mode, 2017 - 2020, USD Million
TABLE 91 Saudi Arabia Tax Management Market by Deployment Mode, 2021 - 2027, USD Million
TABLE 92 Saudi Arabia Tax Management Market by Organization Size, 2017 - 2020, USD Million
TABLE 93 Saudi Arabia Tax Management Market by Organization Size, 2021 - 2027, USD Million
TABLE 94 Saudi Arabia Tax Management Market by End User, 2017 - 2020, USD Million
TABLE 95 Saudi Arabia Tax Management Market by End User, 2021 - 2027, USD Million
TABLE 96 South Africa Tax Management Market, 2017 - 2020, USD Million
TABLE 97 South Africa Tax Management Market, 2021 - 2027, USD Million
TABLE 98 South Africa Tax Management Market by Component, 2017 - 2020, USD Million
TABLE 99 South Africa Tax Management Market by Component, 2021 - 2027, USD Million
TABLE 100 South Africa Tax Management Market by Tax Type, 2017 - 2020, USD Million
TABLE 101 South Africa Tax Management Market by Tax Type, 2021 - 2027, USD Million
TABLE 102 South Africa Tax Management Market by Deployment Mode, 2017 - 2020, USD Million
TABLE 103 South Africa Tax Management Market by Deployment Mode, 2021 - 2027, USD Million
TABLE 104 South Africa Tax Management Market by Organization Size, 2017 - 2020, USD Million
TABLE 105 South Africa Tax Management Market by Organization Size, 2021 - 2027, USD Million
TABLE 106 South Africa Tax Management Market by End User, 2017 - 2020, USD Million
TABLE 107 South Africa Tax Management Market by End User, 2021 - 2027, USD Million
TABLE 108 Nigeria Tax Management Market, 2017 - 2020, USD Million
TABLE 109 Nigeria Tax Management Market, 2021 - 2027, USD Million
TABLE 110 Nigeria Tax Management Market by Component, 2017 - 2020, USD Million
TABLE 111 Nigeria Tax Management Market by Component, 2021 - 2027, USD Million
TABLE 112 Nigeria Tax Management Market by Tax Type, 2017 - 2020, USD Million
TABLE 113 Nigeria Tax Management Market by Tax Type, 2021 - 2027, USD Million
TABLE 114 Nigeria Tax Management Market by Deployment Mode, 2017 - 2020, USD Million
TABLE 115 Nigeria Tax Management Market by Deployment Mode, 2021 - 2027, USD Million
TABLE 116 Nigeria Tax Management Market by Organization Size, 2017 - 2020, USD Million
TABLE 117 Nigeria Tax Management Market by Organization Size, 2021 - 2027, USD Million
TABLE 118 Nigeria Tax Management Market by End User, 2017 - 2020, USD Million
TABLE 119 Nigeria Tax Management Market by End User, 2021 - 2027, USD Million
TABLE 120 Rest of LAMEA Tax Management Market, 2017 - 2020, USD Million
TABLE 121 Rest of LAMEA Tax Management Market, 2021 - 2027, USD Million
TABLE 122 Rest of LAMEA Tax Management Market by Component, 2017 - 2020, USD Million
TABLE 123 Rest of LAMEA Tax Management Market by Component, 2021 - 2027, USD Million
TABLE 124 Rest of LAMEA Tax Management Market by Tax Type, 2017 - 2020, USD Million
TABLE 125 Rest of LAMEA Tax Management Market by Tax Type, 2021 - 2027, USD Million
TABLE 126 Rest of LAMEA Tax Management Market by Deployment Mode, 2017 - 2020, USD Million
TABLE 127 Rest of LAMEA Tax Management Market by Deployment Mode, 2021 - 2027, USD Million
TABLE 128 Rest of LAMEA Tax Management Market by Organization Size, 2017 - 2020, USD Million
TABLE 129 Rest of LAMEA Tax Management Market by Organization Size, 2021 - 2027, USD Million
TABLE 130 Rest of LAMEA Tax Management Market by End User, 2017 - 2020, USD Million
TABLE 131 Rest of LAMEA Tax Management Market by End User, 2021 - 2027, USD Million
TABLE 132 Key Information – Avalara, Inc.
TABLE 133 Key Information – Blucora, Inc
TABLE 134 Key Information – H&R Block, Inc.
TABLE 135 Key Information – Sovos Compliance, LLC
TABLE 136 Key Information – Vertex, Inc.
TABLE 137 Key Information – ADP, Inc.
TABLE 138 Key Information – SAP SE
TABLE 139 key information – Intuit, Inc.
TABLE 140 key information – Thomson Reuters Corporation
TABLE 141 Key information – Wolters Kluwer N.V.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Acquisitions and Mergers: 2018, Aug – 2021, Dec) Leading Players
FIG 5 Recent strategies and developments: Avalara, Inc.
FIG 6 Recent strategies and developments: Sovos Compliance, LLC.
FIG 7 Recent strategies and developments: Vertex, Inc.
FIG 8 Recent strategies and developments: ADP, Inc.
FIG 9 Recent strategies and developments: Intuit Inc.
FIG 10 Recent strategies and developments: Thomson Reuters Corporation
FIG 11 Recent strategies and developments: Wolters Kluwer N.V.