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Tax Management Market Analysis 2023-2027: Projected Market Size, Growth Drivers, And Lucrative Segments – By The Business Research Company
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
LONDON, Sept. 26, 2023 /PRNewswire/ — As per The Business Research Company’s Tax Management Global Market Report 2023, the global tax management market is experiencing a robust surge, with its size expected to increase from $18.60 billion in 2022 to $20.98 billion in 2023, reflecting an impressive compound annual growth rate (CAGR) of 12.8%. This upward trend is projected to continue, with the market size anticipated to reach $32.92 billion in 2027, demonstrating a CAGR of 11.9%. The driving factors behind the tax management market growth include increasing government support, rapid urbanization, a growing population, the adoption of digital channels, and the embrace of cloud-based approaches.
Government Support and Urbanization
Government backing plays a pivotal role in driving the tax management market, with authorities recognizing the importance of efficient tax systems in managing revenue and fostering economic growth. Rapid urbanization and population growth are also contributing to the demand for streamlined tax management solutions as businesses and individuals seek efficient ways to navigate complex tax regulations.
Learn More On The Tax Management Market Report –
https://www.thebusinessresearchcompany.com/report/tax-management-global-market-report
Digital Transformation and Cloud Adoption
The digital revolution is reshaping the tax management market, with the widespread adoption of digital channels simplifying tax-related processes for businesses and individuals alike. Furthermore, the migration to cloud-based tax solutions offers scalability, flexibility, and accessibility, further fueling market growth.
Leading Player
In 2021, Intuit Inc. emerged as the dominant player in the tax management market, holding a substantial 19.02% tax management market share. Intuit Inc. is renowned for its financial, accounting, and tax preparation software, including QuickBooks, TurboTax, and Mint, which enable small businesses, accountants, and consumers to manage finances, reduce debt, and file tax returns with ease. The company’s headquarters are in Mountain View, California, USA.
Innovation in Tax Management
Innovative technologies are at the forefront of shaping the tax management market. Companies are actively adopting cutting-edge solutions to enhance their product portfolios. For example, in April 2023, Vestmark, Inc., a US-based wealth management software and services provider, introduced VAST, an innovative outsourced portfolio management solution emphasizing scaled customization. VAST streamlines advisors’ interactions with clients by offering a distinctive user experience. By seamlessly integrating indices, separately managed account (SMA) managers, exchange-traded funds (ETFs), and other securities into a single tax-managed product, VAST enables active tax overlay across the entire portfolio. This empowers advisors to customize portfolios according to each client’s unique investing preferences and tax situations, providing a significant advantage in the wealth management sector.
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https://www.thebusinessresearchcompany.com/sample.aspx?id=8336&type=smp
Market Segmentation
The global tax management market is segmented as follows:
- By Components: Software and Services
- By Deployment Mode: Cloud, On-Premises
- By Organization Size: Small and Medium-sized Enterprises (SMEs), Large Enterprises
- By Vertical: Banking Financial Services and Insurance (BFSI), Information Technology (IT) and Telecom, Manufacturing, Energy and Utilities, Retail, Healthcare and Life Sciences, Media and Entertainment, Others (Real Estate and Construction, Transportation and Logistics)
Future Growth Potential
The tax management market’s software segment is anticipated to exhibit the most significant growth potential, contributing $9.2 billion in global annual sales by 2027.
View More Similar Market Reports:
Tax Management Software Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/tax-management-software-global-market-report
Tax Preparation Services Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/tax-preparation-services-global-market-report
Financial Auditing Professional Services Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/financial-auditing-professional-services-global-market-report
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Bybit Crypto Titans: November Arena Boasts 55,000 USDT in Rewards
DUBAI, UAE, Nov. 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, opens up the November arena for the Bybit Crypto Titans trading competition. Available for users in select regions, a prize pool of 55,000 USDT will be available for a limited time only.
From now to Nov. 30, eligible traders can level up their trading strategies and amplify their winning chances by inviting friends to share two prize pools in two simple steps: register for the event at the Grand Arena, and invite friends and trade.
Battlefields: Once in the Arena, users can pick their battlefields. Up to 30,000 USDT are up for grabs in the Team Battlefield ranked by total trading volume, while another 15,000 USDT is reserved for traders in the Solo Battlefield competing by PnL(%).
More perks: Additionally, top traders and leaders will receive extra perks. Participants will receive a bonus 5 USDT for every new qualified referee, and the first 50 Team Leaders whose team exceeds a threshold amount in trading volume will be entitled to a 100 USDT bonus.
“As trading volumes overall are climbing, we are seeing so many talented traders in our community with a knack for navigating fast-moving markets. This event gives some of them an incentive to share their passion with their friends, and there is room for rewards for the solo trading pros to shine as well,” said Joan Han, Sales and Marketing Director of Bybit.
Market sentiment and activities have been trending up in recent weeks globally, and the enthusiasm is shared among users in niche markets. While traders rush to capture opportunities in a heated market, the Crypto Titans competition encourages users to bring out the best trading game and hone their trading skills for healthier returns.
Find out more about Bybit’s Crypto Titans: November Showdown, terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
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Healthcare leaders gather at House of Commons to discuss productivity-boosting tech with MyStaff app
LONDON, Nov. 15, 2024 /PRNewswire/ — Healthcare leaders from 16 NHS trusts gathered at the House of Commons this week to see how Mid and South Essex NHS Foundation Trust is using a groundbreaking new app that transforms staff access to information vital to their patients’ care.
The MyStaff app uses AI and automation to simplify the management of critical policies and procedures, reducing the time staff spend searching for information from almost 10 minutes to under 30 seconds. Over 12,000 of the Trust’s staff have signed up, and around 1,000 are using the app daily.
With £2bn pledged to help digitise the NHS and bring down waiting lists, such time-saving tech is high on healthcare’s agenda. Trust Chief Executive Matthew Hopkins introduced the session, which was hosted by David Burton-Sampson, MP for Southend West and Leigh, and saw technology strategists and users share their experiences of digitising vital healthcare operations.
Matthew said: “Our Trust is working to make the best use of digital technologies wherever this can help staff to provide the best possible care to our patients. MyStaff app is a versatile and easy-to-use tool that improves our governance processes and makes it easy for staff to access the vital clinical information they need when treating patients.”
The Trust developed MyStaff app with digital innovators Diligram, who have created a digital governance solution that helps ensure staff use the latest policies and guidance when delivering patient care. Document compliance rates have grown from 60% to 98%, whilst projections indicate the app could release 55,000 hours’ worth of staff capacity over 3 years, worth almost £4m in staff costs and giving staff more time on patient-facing care.
Diligram CEO Leslie Golding said: “We have worked closely with the Trust on developing groundbreaking technology that supports our healthcare heroes by simplifying access to essential information. We’re proud to be part of this brilliant example of positive digital change.”
Editor’s notes
- Contact: Rob Benson, 07815098560, [email protected]
- Further images, interviews, site visits available
About MyStaff app
The MyStaff app from digital transformation company Diligram is time-saving tech that offers a mobile-first digital corporate governance solution for healthcare providers.
Web: mystaffapp.io
About Mid and South Essex NHS Foundation Trust
MSE is one of the largest Trusts in the country, serving around 1.2million people. Our values are about delivering excellent, compassionate and respectful care.
Web: mse.nhs.uk
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Fintech PR
ThunderSoft Partners with HERE Technologies to Enhance Intelligent Navigation Solutions
BEIJING, Nov. 15, 2024 /PRNewswire/ — On November 14, 2024, ThunderSoft (Stock Code: 300496), a world leading OS and intelligent device products and technology provider, and HERE Technologies, the leading location data and technology platform, announced a strategic partnership to enhance collaboration in intelligent navigation and high-definition maps. The collaboration aims to support the efficient development of navigation systems, contributing to a more connected and intelligent mobility ecosystem.
The agreement will see both companies maximize their technical strengths and platform resources for comprehensive, multifaceted cooperation. ThunderSoft’s Aqua Drive OS will integrate HERE location data and services, including HERE SDK, HD Map and autonomous driving solutions. These AI-powered elements, create a foundation for developers worldwide to build intelligent system platforms. Additionally, the partnership will deliver tailored intelligent navigation solutions for international markets, addressing the diverse requirements of automotive manufacturers and consumers.
The companies will also collaborate to develop immersive and interactive 3D high-definition mapping solutions by combining HERE’s map data with ThunderSoft’s Kanzi Map engine, establishing a new benchmark in intelligent driving and navigation.
Deon Newman, Senior Vice President and General Manager of HERE Technologies said, “This strategic partnership with ThunderSoft represents a transformative step in delivering on the potential of AI and software-defined vehicles. By uniting our best-in-class location technology with ThunderSoft’s advanced system capabilities, we will together deliver greater insight and intelligence to every journey, empowering our clients to create richer, more personalized experiences for their customers worldwide.”
Hengshang Chang, Executive President and President of SmartVehicle Business Group of ThunderSoft, highlighted the strategic importance of the collaboration, “Our collaboration with HERE holds immense significance. By integrating HERE’s map data and location platform capabilities with ThunderSoft’s pioneering vehicle OS technology, we aim to develop more competitive, globally-oriented intelligent navigation systems for the automotive industry, enabling automakers to achieve accelerated growth.”
About HERE Technologies
HERE has been a pioneer in mapping and location technology for almost 40 years. Today, HERE’s location platform is recognized as the most complete in the industry, powering location-based products, services and custom maps for organizations and enterprises across the globe. Find out how HERE is moving the world forward at here.com.
About ThunderSoft
ThunderSoft, a well-known intelligent operating system products and technologies provider, has been continuously accumulating and innovating in the operating system field, with its business expanding gradually from smart phone to smart vehicle, AIOT and smart industries. Website: https://en.thundersoft.com
View original content:https://www.prnewswire.co.uk/news-releases/thundersoft-partners-with-here-technologies-to-enhance-intelligent-navigation-solutions-302307004.html
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