CAGR Value :
The global tax software market size was valued at USD 9.23 billion in 2024. The market is projected to grow from USD 10.15 billion in 2025 to USD 17.54 billion by 2032, exhibiting a CAGR of 9.9% during the forecast period.
Report Studies :
Tax software is a type of computer application designed to assist individuals and businesses in preparing and filing income, corporate, and other tax returns. This software automates the tax filing process by guiding users through complex forms and regulations while automatically calculating tax obligations. Solutions are available in both traditional on-premises installations and increasingly popular cloud-based Software-as-a-Service (SaaS) formats. This market is experiencing robust growth driven by several key factors, including the increasing complexity of global tax codes, the rising adoption of digital financial tools, and a growing emphasis on compliance and accuracy. Furthermore, the shift towards cloud-based solutions is significantly contributing to market expansion due to their scalability and accessibility. North America dominates the market, holding approximately 49% of the global share, while Europe follows with a 29% share. The competitive landscape is led by key players such as Intuit, Avalara, and Thomson Reuters, with the top five companies collectively occupying about 38% of the market.
Key Players :
• Intuit Inc. (TurboTax)
• H&R Block Inc.
• Avalara Inc.
• Thomson Reuters Corporation (ONVIO)
• Wolters Kluwer N.V. (CCH)
• Xero Limited
• Drake Software
• TaxSlayer LLC
• TaxJar (now part of Square)
• Canopy Tax Inc.
• TaxAct Inc.
• ClearTAX (India)
• Webtel Inc.
• Inspur Group
• Seapower Ltd.
