Summary

Middle East and Africa tax IT software market is expected to reach USD 1,386.00 million by 2032 from USD 855.75 million in 2024, growing with a CAGR of 6.4% in the forecast period of 2025 to 2032.
Market Segmentation:
Middle East and Africa Tax IT Software Market, Offering (Software and Services), Tax Type (Income Tax, Corporate Tax, and Property Tax), Deployment Mode (Cloud and On-Premises), Organization Size (Small & Medium-Sized Enterprises and Large Enterprises), Revenue Model (One-Time Purchase and Subscription Based), Industry (Banking, Financial Services, And Insurance (BFSI), IT & Telecommunications, Manufacturing, Retail & Consumer Goods, Healthcare, Energy & Utilities, and Media & Entertainment), Country (Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and rest of Middle East & Africa) - Industry Trends and Forecast to 2032

Overview of Middle East and Africa Tax IT Software Market Dynamics :

Driver

• Increasing adoption of tax IT software among small and medium-sized businesses

Restraint

• High costs and initial investment restrictions for the use of advanced tax and accounting software

Opportunity

• Expansion of cloud services for business


Market Players:

The key market players operating in the Middle East and Africa tax IT software market are listed below:

• Wolters Kluwer N.V
• Microsoft
• SAP
• ADP, Inc.
• SAGE GROUP PLC
• Thomson Reuters
• NTT data
• Oracle
• Yayoi Co., Ltd.
• Vertex
• SOVOS
• QUICKBOOKS (INTUIT INC.)
• TKC Corporation
• Avalara
• Epicor Software Corporation
• Stripe
• Esker
• Money Forward, Inc.
• TaxDiva
• freee K.K
• PCA Corporation

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Table of Contents

TABLE OF CONTENTS
1 INTRODUCTION 24
1.1 OBJECTIVES OF THE STUDY 24
1.2 MARKET DEFINITION 24
1.3 OVERVIEW OF MIDDLE EAST AND AFRICA TAX IT SOFTWARE MARKET 24
1.4 CURRENCY AND PRICING 26
1.5 LIMITATIONS 26
1.6 MARKETS COVERED 26
2 MARKET SEGMENTATION 29
2.1 MARKETS COVERED 29
2.2 GEOGRAPHICAL SCOPE 30
2.3 YEARS CONSIDERED FOR THE STUDY 31
2.4 DBMR TRIPOD DATA VALIDATION MODEL 32
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 35
2.6 DBMR MARKET POSITION GRID 36
2.7 MULTIVARIATE MODELING 37
2.8 OFFERING TIMELINE CURVE 38
2.9 VENDOR SHARE ANALYSIS 39
2.10 SECONDARY SOURCES 40
2.11 ASSUMPTIONS 40
3 EXECUTIVE SUMMARY 41
4 PREMIUM INSIGHTS 46
4.1 REGULATORY STANDARDS 47
4.2 INDUSTRY ANALYSIS & FUTURISTIC SCENARIO 49
4.2.1 INDUSTRY ANALYSIS 49
4.2.2 FUTURISTIC SCENARIO 50
4.2.3 COMPETITIVE LANDSCAPE 52
4.3 PENETRATION AND GROWTH PROSPECT MAPPING 53
4.4 TECHNOLOGY ANALYSIS 55
4.5 COMPANY COMPARATIVE ANALYSIS 57
5 MARKET OVERVIEW 60
5.1 DRIVERS 62
5.1.1 INCREASING ADOPTION OF TAX IT SOFTWARE AMONG SMALL AND MEDIUM-SIZED BUSINESSES 62
5.1.2 AI AND MACHINE LEARNING INTEGRATION IN TAX AND ACCOUNTING SOFTWARE 63
5.1.3 GROWING NEED FOR STREAMLINING ACCOUNTING OPERATIONS TO REDUCE MANUAL ERRORS 64
5.1.4 RISING DEMAND FOR REAL-TIME FINANCIAL INSIGHTS 65
5.2 RESTRAINTS 67
5.2.1 HIGH COSTS AND INITIAL INVESTMENT RESTRICTIONS FOR THE USE OF ADVANCED TAX AND ACCOUNTING SOFTWARE 67
5.2.2 CYBERSECURITY AND DATA PRIVACY CONCERNS HINDER ADOPTION OF TAX AND ACCOUNTING SOFTWARE 68
5.3 OPPORTUNITIES 70
5.3.1 EXPANSION OF CLOUD SERVICES FOR BUSINESS 70
5.3.2 RISING GOVERNMENT INITIATIVES TO PROMOTE DIGITAL COMPLIANCE SOFTWARE ADOPTION ACROSS BUSINESSES 71
5.4 CHALLENGES 72
5.4.1 FREQUENT TAX UPDATES CREATE CHALLENGES FOR SOFTWARE 72
5.4.2 CHALLENGES IN INTEGRATING LEGACY SYSTEMS FOR BUSINESSES MIDDLE EAST AND AFRICA LY 72
6 MIDDLE EAST AND AFRICA TAX IT SOFTWARE MARKET, BY OFFERING 74
6.1 OVERVIEW 75
6.2 SOFTWARE 76
6.3 SERVICES 77
6.3.1 SERVICE, BY TYPE 77
6.4 TRAINING AND CONSULTING 77
6.5 SUPPORT 78
7 MIDDLE EAST AND AFRICA TAX IT SOFTWARE MARKET, BY TAX TYPE 79
7.1 OVERVIEW 80
7.2 INCOME TAX 81
7.3 CORPORATE TAX 82
7.4 PROPERTY TAX 83
7.5 OTHERS 83
8 MIDDLE EAST AND AFRICA TAX IT SOFTWARE MARKET, BY DEPLOYMENT MODE 84
8.1 OVERVIEW 85
8.2 CLOUD 86
8.3 ON-PREMISES 87
9 MIDDLE EAST AND AFRICA TAX IT SOFTWARE MARKET, BY ORGANIZATION SIZE 88
9.1 OVERVIEW 89
9.2 LARGE ENTERPRISES 90
9.3 SMALL AND MEDIUM-SIZED ENTERPRISES 91
10 MIDDLE EAST AND AFRICA TAX IT SOFTWARE MARKET, BY REVENUE MODEL 92
10.1 OVERVIEW 93
10.2 SUBSCRIPTION-BASED 94
10.3 ONE-TIME PURCHASE 95
11 MIDDLE EAST AND AFRICA TAX IT SOFTWARE MARKET, BY INDUSTRY 96
11.1 OVERVIEW 97
11.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI) 99
11.3 IT AND TELECOMMUNICATIONS 100
11.4 MANUFACTURING 101
11.5 RETAIL AND CONSUMER GOODS 102
11.6 HEALTHCARE 103
11.7 MEDIA AND ENTERTAINMENT 103
11.8 ENERGY AND UTILITIES 104
11.9 OTHERS 104
12 MIDDLE EAST AND AFRICA TAX IT SOFTWARE MARKET, BY REGION 105
12.1 MIDDLE EAST AND AFRICA 107
12.1.1 SAUDI ARABIA 111
12.1.2 U.A.E 114
12.1.3 SOUTH AFRICA 116
12.1.4 EGYPT 118
12.1.5 ISRAEL 120
12.1.6 REST OF MIDDLE EAST AND AFRICA 122
13 MIDDLE EAST AND AFRICA TAX IT SOFTWARE MARKET, COMPANY LANDSCAPE 123
13.1 COMPANY SHARE ANALYSIS: MIDDLE EAST AND AFRICA
14 SWOT ANALYSIS 124
15 COMPANY PROFILES 125
15.1 MICROSOFT 125
15.1.1 COMPANY SNAPSHOT 125
15.1.2 REVENUE ANALYSIS 125
15.1.3 COMPANY SHARE ANALYSIS 126
15.1.4 SERVICE PORTFOLIO 126
15.1.5 RECENT DEVELOPMENT 126
15.2 ADP,INC 127
15.2.1 COMPANY SNAPSHOT 127
15.2.2 REVENUE ANALYSIS 127
15.2.3 COMPANY SHARE ANALYSIS 128
15.2.4 PRODUCT PORTFOLIO 128
15.2.5 RECENT DEVELOPMENT 128
15.3 YAYOI CO., LTD. 129
15.3.1 COMPANY SNAPSHOT 129
15.3.2 COMPANY SHARE ANALYSIS 129
15.3.3 PRODUCT PORTFOLIO 130
15.3.4 RECENT DEVELOPMENT 130
15.4 WOLTERS KLUWER N.V. 131
15.4.1 COMPANY SNAPSHOT 131
15.4.2 REVENUE ANALYSIS 131
15.4.3 COMPANY SHARE ANALYSIS 132
15.4.4 PRODUCT PORTFOLIO 132
15.4.5 RECENT DEVELOPMENT 133
15.5 STRIPE, INC. 134
15.5.1 COMPANY SNAPSHOT 134
15.5.2 COMPANY SHARE ANALYSIS 134
15.5.3 SERVICE PORTFOLIO 134
15.5.4 RECENT DEVELOPMENT 135
15.6 AVALARA, INC. 136
15.6.1 COMPANY SNAPSHOT 136
15.6.2 PRODUCT PORTFOLIO 136
15.6.3 RECENT DEVELOPMENT 136
15.7 EPICOR SOFTWARE CORPORATION 137
15.7.1 COMPANY SNAPSHOT 137
15.7.2 PRODUCT PORTFOLIO 137
15.7.3 RECENT DEVELOPMENT 137
15.8 ESKER 138
15.8.1 COMPANY SNAPSHOT 138
15.8.2 REVENUE ANALYSIS 138
15.8.3 SOLUTION PORTFOLIO 139
15.8.4 RECENT DEVELOPMENT 139
15.9 FREEE KK 140
15.9.1 COMPANY SNAPSHOT 140
15.9.2 REVENUE ANALYSIS 141
15.9.3 PRODUCT PORTFOLIO 141
15.9.4 RECENT DEVELOPMENT 142
15.10 INTUIT INC 143
15.10.1 COMPANY SNAPSHOT 143
15.10.2 REVENUE ANALYSIS 143
15.10.3 PRODUCT PORTFOLIO 144
15.10.4 RECENT DEVELOPMENT 144
15.11 MONEY FORWARD, INC 145
15.11.1 COMPANY SNAPSHOT 145
15.11.2 REVENUE ANALYSIS 145
15.11.3 PRODUCT PORTFOLIO 146
15.11.4 RECENT DEVELOPMENT 146
15.12 NTT DATA GROUP CORPORATION 147
15.12.1 COMPANY SNAPSHOT 147
15.12.2 REVENUE ANALYSIS 147
15.12.3 SERVICE PORTFOLIO 148
15.12.4 RECENT DEVELOPMENT 148
15.13 ORACLE 149
15.13.1 COMPANY SNAPSHOT 149
15.13.2 REVENUE ANALYSIS 149
15.13.3 SERVICE PORTFOLIO 150
15.13.4 RECENT DEVELOPMENT 150
15.14 PCA CORPORATION 151
15.14.1 COMPANY SNAPSHOT 151
15.14.2 REVENUE ANALYSIS 151
15.14.3 PRODUCT PORTFOLIO 152
15.14.4 RECENT DEVELOPMENT 152
15.15 SAGE GROUP PLC 153
15.15.1 COMPANY SNAPSHOT 153
15.15.2 REVENUE ANALYSIS 153
15.15.3 PRODUCT PORTFOLIO 154
15.15.4 RECENT DEVELOPMENT 154
15.16 SAP SE 155
15.16.1 COMPANY SNAPSHOT 155
15.16.2 REVENUE ANALYSIS 155
15.16.3 PRODUCT PORTFOLIO 156
15.16.4 RECENT DEVELOPMENT 156
15.17 SOVOS COMPLIANCE, LLC 157
15.17.1 COMPANY SNAPSHOT 157
15.17.2 PRODUCT PORTFOLIO 157
15.17.3 RECENT DEVELOPMENT 158
15.18 TAXDIVA 159
15.18.1 COMPANY SNAPSHOT 159
15.18.2 SERVICE PORTFOLIO 159
15.18.3 RECENT DEVELOPMENT 159
15.19 THOMSON REUTERS 160
15.19.1 COMPANY SNAPSHOT 160
15.19.2 REVENUE ANALYSIS 160
15.19.3 SERVICE PORTFOLIO 161
15.19.4 RECENT DEVELOPMENT 162
15.20 TKC CORPORATION 163
15.20.1 COMPANY SNAPSHOT 163
15.20.2 REVENUE ANALYSIS 163
15.20.3 PRODUCT PORTFOLIO 164
15.20.4 RECENT DEVELOPMENT 164
15.21 VERTEX, INC 165
15.21.1 COMPANY SNAPSHOT 165
15.21.2 REVENUE ANALYSIS 165
15.21.3 SERVICE PORTFOLIO 166
15.21.4 RECENT DEVELOPMENT 166
16 QUESTIONNAIRE 167
17 RELATED REPORTS 171