Market Highlights: Sales tax software is the software that automates, simplifies, and integrates the sales tax calculation, management, and reporting. Moreover, Sales tax software assists in an accurate tax decision making on sales tax. It also helps in eliminating the complications, flaws, and assist in improving them. The market study is being classified and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Sales Tax Software are Vertex Inc. (United States), Avalara (United States), Thomson Reuters (Canada), Xero (New Zealand), Zumzum (United Kingdom), Paddle (United Kingdom), DAVO Technologies (United States), FedTax (United States), RepairDesk (United States) and Blockpit (Austria).
Major Market Development Highlights On 28 May 2019, Global tax software provider Sovos announced that it will acquire Istanbul-based Foriba, a leading player in e-invoicing, e-delivery notes, e-receipts and periodic value-added tax (VAT) reporting in Turkey and beyond. On 1 April 2017, DAVO Sales Tax, the only integrated and automated sales tax cash management solution targeted to small and medium-sized businesses is now available on Square.
Key Questions Answered in the Report What will the Sales Tax Software Market size and the growth rate be in Future? What are the key factors driving the Sales Tax Software Market? What are the key market trends and macro-economic impacting the growth of the Sales Tax Software Market? What are the challenges to market growth? Who are the key vendors in the Sales Tax Software Market? What are the market opportunities and threats faced by the vendors in the Sales Tax Software Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Sales Tax Software Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Sales Tax Software market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Sales Tax Software market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Sales Tax Software Key Providers, Regulatory & Government Bodies, Research & Consulting Firms, End Users and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.