On June 21, 2018, the United States Supreme Court issued its decision, clearing the way for many states to compel sales tax collection by remote retailers.

According to the report, Integration with Financial Modules is one of the primary growth factors for the market. Increasing Volume of Financial Transactions across Industries owing to Digitalization is also expected to contribute significantly to the Cloud Tax Management market growth. Overall, Automated Registration applications of Cloud Tax Management, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Deployment Type, such as Public Cloud, is boosting the Cloud Tax Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Platform, such as Windows, is boosting the Cloud Tax Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Industry Vertical, such as Banking Financial Services and Insurance (BFSI), is boosting the Cloud Tax Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End-User, such as Individual, is boosting the Cloud Tax Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Component, such as Software, is boosting the Cloud Tax Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Cloud Tax Management market identified that the demand is rising in many different parts of the world as "Use of the Blockchain and Artificial Intelligence Technology ". Furthermore, some recent industry insights like "In December 2019, Wolters Kluwer has introduced CCH Axcess Knowledge Coach, under its cloud-based tax preparation, compliance, and workflow management platform, CCH Axcess. This new solution provides auditors the flexibility of anywhere, anytime access, and improves the overall quality of auditing. and On February 13, 2019, TaxCloud, a leading online sales tax compliance service, and Bonanza, a seller-centric online marketplace focused on minimizing busywork for small businesses, has announced that they have partnered to offer TaxCloud services to Bonanza sellers to support their sales tax compliance." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Cloud Tax Management market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2021 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Cloud Tax Management market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at complete Table of Content: Global Cloud Tax Management Market Study

Data Triangulation
The overall Cloud Tax Management market size is calculated using market estimation process, the Cloud Tax Management market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Cloud Tax Management market size has been validated using both top-down and bottom-up approaches.