The Tax Management Global Market Report 2023, provides comprehensive information on the tax management market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/tax-management-global-market-report
The global tax management market size is expected to grow from $18.60 billion in 2022 to $20.98 billion in 2023 at a compound annual growth rate (CAGR) of 12.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the tax management market is expected to grow to $32.92 billion in 2027 at a CAGR of 11.9%.
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Technological innovations are a key trend gaining popularity in the tax management market. Major companies operating in tax management are focusing on technological innovations to gain a competitive edge in the market. For instance, in May 2022, J.P. Morgan, a US-based investment banking company, launched a new Tax-Smart Separately Managed Account (SMA) Platform, enabling advisors to build customized portfolios and obtain higher after-tax returns for their clients. The platform has J.P. Morgan’s investment expertise combined with 55ip’s tax-smart technology.
The tax management market is segmented:
1) By Components: Software and Services
2) By Deployment mode: Cloud, On-premises
3) By Organization size: Small and Medium-sized Enterprises (SMEs), Large Enterprises
4) By Vertical: Banking Financial Services and Insurance (BFSI), Information Technology (IT) and Telecom, Manufacturing, Energy, and Utilities, Retail, Healthcare, and Life Sciences,
Media, and Entertainment, Others (Real Estate and Construction, Transportation, and Logistics)
North America was the largest region in the tax management market in 2022.
The table of contents in TBRC’s tax management market report includes:
1. Executive Summary
2. Tax Management Market Characteristics
3. Tax Management Market Trends And Strategies
4. Tax Management Market – Macro Economic Scenario
5. Tax Management Market Size And Growth
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26. Africa Tax Management Market
27. Tax Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Tax Management Market
29. Tax Management Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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