United States Tax Software Market worth USD 2,042.65 Million by 2025

United States Tax Software Market worth USD 2,042.65 Million by 2025

Pune, India, May 22, 2019 -- /360iResearch/ -- The report "United States Tax Software Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025 (Q1 2019 Update)", published by 360iResearch, states that the united states market was valued at USD 1,026.15 million in 2018 and is projected to reach USD 2,042.65 million by 2025, growing at a CAGR of 10.33% from 2018 to 2025.

The major forces driving the growth of the tax software market include the rising investments in digital solutions and adoption of electronic accounting and advanced technology to provide tax management solutions. However certain factors such as the security and networking issues for cloud applications may hinder the market growth. In the middle of difficulty lies opportunity such as the increasing integration of blockchain technology, and potential adoption by government agencies to strengthen the economy. The possible challenges for the market growth is limitations associated with the emerging managed tax services model. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on deployment, the united states tax software market is studied across On-Cloud, and On-Premises. Based on end user, the united states tax software market is studied across Large Enterprise, Midsize Enterprise, and Small Business & Individuals. Based on geography, the united states tax software market is studied across.

The report features a competitive scenario of the tax software market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Avalara, Inc., Blucora, Inc., Corptax, Inc., Drake Enterprises, Ltd., Federal Tax Authority, LLC, H&R Block, Inc., Intuit Inc., LumaTax, Inc., Sovos Compliance, LLC, TaxSlayer LLC, Vertex, Inc., Wolters Kluwer N.V., and Xero Limited.

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