Summary

North America tax IT software market is expected to reach USD 15.65 billion by 2032 from USD 7.45 billion in 2024, growing with a CAGR of 9.8% in the forecast period of 2025 to 2032.
Market Segmentation:
North America 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 (U.S., Canada, and Mexico) - Industry Trends and Forecast to 2032

Overview of North America 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 North America 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 NORTH AMERICA 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 NORTH AMERICA LY 72
6 NORTH AMERICA 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 NORTH AMERICA 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 NORTH AMERICA TAX IT SOFTWARE MARKET, BY DEPLOYMENT MODE 84
8.1 OVERVIEW 85
8.2 CLOUD 86
8.3 ON-PREMISES 87
9 NORTH AMERICA 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 NORTH AMERICA TAX IT SOFTWARE MARKET, BY REVENUE MODEL 92
10.1 OVERVIEW 93
10.2 SUBSCRIPTION-BASED 94
10.3 ONE-TIME PURCHASE 95
11 NORTH AMERICA 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 NORTH AMERICA TAX IT SOFTWARE MARKET, BY REGION 105
12.1 NORTH AMERICA 107
12.1.1 U.S. 110
12.1.2 CANADA 113
12.1.3 MEXICO 116
13 NORTH AMERICA TAX IT SOFTWARE MARKET, COMPANY LANDSCAPE 119
13.1 COMPANY SHARE ANALYSIS: NORTH AMERICA
14 SWOT ANALYSIS 120
15 COMPANY PROFILES 121
15.1 MICROSOFT 121
15.1.1 COMPANY SNAPSHOT 121
15.1.2 REVENUE ANALYSIS 121
15.1.3 COMPANY SHARE ANALYSIS 122
15.1.4 SERVICE PORTFOLIO 122
15.1.5 RECENT DEVELOPMENT 122
15.2 ADP,INC 123
15.2.1 COMPANY SNAPSHOT 123
15.2.2 REVENUE ANALYSIS 123
15.2.3 COMPANY SHARE ANALYSIS 124
15.2.4 PRODUCT PORTFOLIO 124
15.2.5 RECENT DEVELOPMENT 124
15.3 YAYOI CO., LTD. 125
15.3.1 COMPANY SNAPSHOT 125
15.3.2 COMPANY SHARE ANALYSIS 125
15.3.3 PRODUCT PORTFOLIO 126
15.3.4 RECENT DEVELOPMENT 126
15.4 WOLTERS KLUWER N.V. 127
15.4.1 COMPANY SNAPSHOT 127
15.4.2 REVENUE ANALYSIS 127
15.4.3 COMPANY SHARE ANALYSIS 128
15.4.4 PRODUCT PORTFOLIO 128
15.4.5 RECENT DEVELOPMENT 129
15.5 STRIPE, INC. 130
15.5.1 COMPANY SNAPSHOT 130
15.5.2 COMPANY SHARE ANALYSIS 130
15.5.3 SERVICE PORTFOLIO 130
15.5.4 RECENT DEVELOPMENT 131
15.6 AVALARA, INC. 132
15.6.1 COMPANY SNAPSHOT 132
15.6.2 PRODUCT PORTFOLIO 132
15.6.3 RECENT DEVELOPMENT 132
15.7 EPICOR SOFTWARE CORPORATION 133
15.7.1 COMPANY SNAPSHOT 133
15.7.2 PRODUCT PORTFOLIO 133
15.7.3 RECENT DEVELOPMENT 133
15.8 ESKER 134
15.8.1 COMPANY SNAPSHOT 134
15.8.2 REVENUE ANALYSIS 134
15.8.3 SOLUTION PORTFOLIO 135
15.8.4 RECENT DEVELOPMENT 135
15.9 FREEE KK 136
15.9.1 COMPANY SNAPSHOT 136
15.9.2 REVENUE ANALYSIS 137
15.9.3 PRODUCT PORTFOLIO 137
15.9.4 RECENT DEVELOPMENT 138
15.10 INTUIT INC 139
15.10.1 COMPANY SNAPSHOT 139
15.10.2 REVENUE ANALYSIS 139
15.10.3 PRODUCT PORTFOLIO 140
15.10.4 RECENT DEVELOPMENT 140
15.11 MONEY FORWARD, INC 141
15.11.1 COMPANY SNAPSHOT 141
15.11.2 REVENUE ANALYSIS 141
15.11.3 PRODUCT PORTFOLIO 142
15.11.4 RECENT DEVELOPMENT 142
15.12 NTT DATA GROUP CORPORATION 143
15.12.1 COMPANY SNAPSHOT 143
15.12.2 REVENUE ANALYSIS 143
15.12.3 SERVICE PORTFOLIO 144
15.12.4 RECENT DEVELOPMENT 144
15.13 ORACLE 145
15.13.1 COMPANY SNAPSHOT 145
15.13.2 REVENUE ANALYSIS 145
15.13.3 SERVICE PORTFOLIO 146
15.13.4 RECENT DEVELOPMENT 146
15.14 PCA CORPORATION 147
15.14.1 COMPANY SNAPSHOT 147
15.14.2 REVENUE ANALYSIS 147
15.14.3 PRODUCT PORTFOLIO 148
15.14.4 RECENT DEVELOPMENT 148
15.15 SAGE GROUP PLC 149
15.15.1 COMPANY SNAPSHOT 149
15.15.2 REVENUE ANALYSIS 149
15.15.3 PRODUCT PORTFOLIO 150
15.15.4 RECENT DEVELOPMENT 150
15.16 SAP SE 151
15.16.1 COMPANY SNAPSHOT 151
15.16.2 REVENUE ANALYSIS 151
15.16.3 PRODUCT PORTFOLIO 152
15.16.4 RECENT DEVELOPMENT 152
15.17 SOVOS COMPLIANCE, LLC 153
15.17.1 COMPANY SNAPSHOT 153
15.17.2 PRODUCT PORTFOLIO 153
15.17.3 RECENT DEVELOPMENT 154
15.18 TAXDIVA 155
15.18.1 COMPANY SNAPSHOT 155
15.18.2 SERVICE PORTFOLIO 155
15.18.3 RECENT DEVELOPMENT 155
15.19 THOMSON REUTERS 156
15.19.1 COMPANY SNAPSHOT 156
15.19.2 REVENUE ANALYSIS 156
15.19.3 SERVICE PORTFOLIO 157
15.19.4 RECENT DEVELOPMENT 158
15.20 TKC CORPORATION 159
15.20.1 COMPANY SNAPSHOT 159
15.20.2 REVENUE ANALYSIS 159
15.20.3 PRODUCT PORTFOLIO 160
15.20.4 RECENT DEVELOPMENT 160
15.21 VERTEX, INC 161
15.21.1 COMPANY SNAPSHOT 161
15.21.2 REVENUE ANALYSIS 161
15.21.3 SERVICE PORTFOLIO 162
15.21.4 RECENT DEVELOPMENT 162
16 QUESTIONNAIRE 163
17 RELATED REPORTS 167