In 2019, Canadian governments have rolled out the new carbon tax regulation that requires the production of a quarterly report for all carriers traveling on the roads of Ontario, Manitoba, Saskatchewan, and Alberta. Alaska, Hawaii, and the Canadian territories are not part of the agreement.

The article cited AMA's "Global IFTA Software Market Study" explored CAGR of 20.3%. According to the report, Integrated IFTA Software to Manage All Trucking Operations like Invoicing, and IRP is one of the primary growth factors for the market. Recent Changes in the Fuel Tax Regulations by the United States and Canada is also expected to contribute significantly to the IFTA Software market. Overall, IFTA Report Generation applications of IFTA Software, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Deployment Type, such as On-premise, is boosting the IFTA Software 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 Pricing, such as Monthly Subscription, is boosting the IFTA Software 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 Owner Operators, is boosting the IFTA Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global IFTA Software market identified that the demand is rising in many different parts of the world as "Growing Cloud-based Solutions and Integrated Features ". Furthermore, some recent industry insights like "In February , 2020, Omnitracs, LLC, the global pioneer of fleet management solutions to transportation and logistics companies, released Omnitracs Tax Manager, the most comprehensive and intuitive International Fuel Tax Agreement (IFTA) and highway tax management tool." which is constantly making the industry very 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 IFTA Software 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 2023 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 IFTA Software 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.

Data Triangulation
The overall IFTA Software market size is calculated using market estimation process, the IFTA Software 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 IFTA Software market size has been validated using both top-down and bottom-up approaches.