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Tax Tech Market worth $36.72 billion by 2030- Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., March 31, 2025 /PRNewswire/ — The global Tax Tech Market will grow from USD 18.53 billion in 2024 to USD 36.72 billion by 2030 at a compounded annual growth rate (CAGR) of 12.1% during the forecast period, according to a new report by MarketsandMarkets™.
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180 – Tables
150 – Figures
310 – Pages
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Scope of the Report
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Report Metrics |
Details |
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Market size available for years |
2019–2030 |
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Base year considered  |
2023 |
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Forecast period |
2024–2030 |
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Forecast units |
Value (USD Billion) |
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Segments Covered |
Offering, Tax Type, Deployment Mode, Organization Size, and Vertical |
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Geographies Covered |
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
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Companies Covered |
Wolters Kluwer (Netherlands), H&R Block (US), Avalara (US), Vertex.Inc (US), Thomson Reuters (Canada), SAP (Germany), ADP (US), Sovos (US), Intuit (US), Xero (New Zealand), Taxbit (US), Ryan (US), Taxact (US), Corvee (US), Anrok (US), Taxslayer (US), Fonoa (Ireland), Token Tax (US), Drake Software (US), TaxJar (US), and Picnic Tax (US). |
The accelerated rise of international commerce and e-commerce substantially drives the complexity of tax compliance among businesses with global operations. Each country has different tax laws, VAT/GST systems, and digital reporting mandates, which challenge manual handling. Cross-border trade, digital services, and various treatments of taxes are also adding to the complexity. Therefore, companies are adopting centralized tax technology platforms that provide scalable and automated solutions to manage various tax requirements effectively. The systems help achieve global tax compliance, reduce mistakes, and increase operations visibility. Precision, consistency, and flexibility in a fast-paced global landscape are some of the primary drivers of using sophisticated tax tech solutions.
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Based on the offering, the solutions segment is expected to hold the largest market share during the forecast period.
Based on the offering, the solutions segment is expected to hold the largest market share in the Tax Tech Market during the forecast period due to the growing demand for automation, compliance, and real-time tax reporting across industries. Organizations in more significant quantities are implementing tax software solutions to automate tax calculations, manage regulatory updates, and reduce manual errors. These solutions provide advanced features such as e-filing, audit support, analytics, and system integration with enterprises, enabling business houses to make tax operations more accurate and efficient. With governments worldwide adopting complex and dynamic taxation regulations, firms are turning towards robust digital solutions to ensure on-time compliance and minimize financial risk. The rise of cloud-based tax solutions drives further adoption, offering scalability, security, and cost savings. The increased need for digital transformation in finance teams and the necessity to maintain transparency in taxation practices are a few of the key drivers fueling the dominance of the solutions segment in this market.
Based on the vertical type, the IT & telecom segment is expected to grow at the highest CAGR during the forecast period.
The IT & Telecom sector is expected to grow in the Tax Tech Market, with the highest CAGR during the forecast period. This growth follows as businesses within this industry scale up their digitalization initiatives and come under increased pressure to remain compliant with changing tax laws across various geographies. With massive amounts of data and frequent cross-border payments, IT & Telecom firms are adopting advanced taxation technologies like AI-based tools, cloud solutions, and automated reporting platforms to simplify complex tax processes and minimize chances of error. These solutions not only save time but also help companies maintain agility in the face of a fast-changing regulatory environment. Therefore, the need for more innovative, scalable tax tech is increasing rapidly in this segment and is, as such, a key factor driving market expansion.
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Based on the regions, the Middle East & Africa is expected to grow at the second-highest CAGR during the forecast period.
Middle East & Africa is anticipated to register the second-highest CAGR in the tax tech industry over the forecast period, led by extensive government-initiated digital tax reforms and rising adoption of e-invoicing and compliance solutions. Egypt, Nigeria, and Kenya are transforming Africa with solutions such as ETA’s e-receipt system, FIRS’s TaxPro Max, and KRA’s eTIMS to enhance tax transparency and prevent evasion. In the Middle East, UAE’s EmaraTax and Saudi Arabia’s ZATCA-led e-invoicing demonstrate a healthy regulatory pace towards real-time, networked tax systems. The Gulf nations of Bahrain and Oman are in catch-up mode, too, making investments in platforms with SAP and PwC as partners. South Africa has consistently progressed with SARS’s electronic customs and eFiling enhancements. As infrastructure enhances and informal economies go digital, the region offers robust growth opportunities for tax tech suppliers, placing MEA in a fast-evolving position as a hub for advanced tax administration solutions.
Top Key Companies in Tax Tech Market:
Some of the tax tech vendors are Wolters Kluwer (Netherlands), H&R Block (US), Avalara (US), and Vertex.inc (US), Thomson Reuters (Canada), SAP (Germany), ADP (US), Sovos (US), Intuit (US) and Xero (New Zealand).
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LONDON, April 8, 2025 /PRNewswire/ — Octa is a major CFD broker that offers online trading solutions for various financial instruments, and it has been awarded the title of ‘Best CFD Broker, Asia 2025′ by Global Brands Magazine (GBM) at the prestigious Global Brand Awards.
The Global Brand Awards recognises outstanding achievements across various industries worldwide. Octa received this award for its innovative trading solutions and good client service.
Jay Reddy, CEO of Global Brands Magazine, commented, “At Global Brands Magazine, we take great pride in recognising excellence across all industries. Octa’s achievement as the Best CFD Broker, Asia 2025, is a testimony to their unwavering commitment to innovation and exceptional client service. Congratulations to the entire Octa team on this well-deserved recognition.”
The team at Octa highly appreciates receiving the ‘Best CFD Broker Asia 2025’ award as a recognition and verification mark for all the efforts to offer high-quality brokerage services across the region. The Global Brands Magazine accolade creates an additional incentive to set industry benchmarks in trading experience.
Octa continues to improve its products and services. At the end of 2024, its proprietary trading platform, OctaTrader, received a milestone update with the introduction of the AI pattern search feature. This powerful tool automatically finds relevant and timely technical analysis patterns for any given instrument based on historical data so that Octa’s clients can make data-driven, informed decisions quickly and without excessive cognitive load. In the future, Octa plans to double up on its efforts to improve OctaTrader as an all-in-one trading ecosystem that makes trading transparent and clear.
ABOUT OCTA
Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools”
ABOUT GLOBAL BRANDS MAGAZINE (ENGLAND)
Global Brands Magazine (GBM) is one of the largest Brands publication in the world, leading the way in delivering insights, news, and opinions on brands shaping the future of their industries. Based in the UK, the magazine keeps readers informed about ‘best-in-class’ brands worldwide. Each year, GBM recognizes companies that demonstrate innovation, exceptional service, and consumer-focused solutions in their respective industries.
With over 8.4 million annual visitors and 14 million page views, GBM is the world’s premier Brand magazine. The magazine also boasts a robust social media presence, engagement including 35k+ Facebook followers, 20k+ Instagram followers, 25k+ Twitter followers, and 4k+ LinkedIn followers.
ABOUT THE GLOBAL BRAND AWARDS
The Global Brand Awards celebrate excellence in brand performance, recognising companies and organisations that excel in quality, innovation, and customer-centric services across various sectors, including finance, education, hospitality, technology, and more. More than 10,000 companies were evaluated in 2024 for the Global Brand Awards.
The Global Brand Awards events were held at some of the most iconic properties in the world, including The Address Downtown, Waldorf Astoria, Emperors Palace, JW Marriot Marquis, Galaxy Macau Athenee Hotel, to name a few. The next awards ceremony will take place on the 13th of June 2025 at the Grand Hyatt in Dubai, United Arab Emirates.
For a complete list of the winners of the Global Brand Awards, please visit: https://www.globalbrandsmagazine.com/brand-awards-winners/.
To nominate your company or leader for the Global Brand Awards 2025, visit: https://www.globalbrandsmagazine.com/nomination-form/
Disclaimer: Trading involves risks and may not be suitable for all investors. Use your expertise wisely and evaluate all associated risks before making an investment decision.
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Influential AI innovator is recognized for her significant impact on the growing tech company
ZURICH and NEW YORK, April 8, 2025 /PRNewswire/ — Squirro, a leading enterprise GenAI platform provider, today announced that it has promoted its dynamic Chief Marketing Officer, Lauren Hawker Zafer, to the role of Chief Operating Officer. As the strategic architect and operational lead at Squirro, Hawker Zafer will play an essential role in turning the company’s ambitious vision into execution.
During her tenure as CMO over the last 15 months, Hawker Zafer has made a significant mark, shaping Squirro’s brand perception as a global, innovative and award-winning company. She has become one of the AI industry’s most esteemed keynote speakers and a prominent member of the Women in Tech Council. She founded and hosts Squirro’s popular podcast ‘Redefining AI’ which has an ever growing following of 50,000 AI enthusiasts. The show explores the broader societal, economic, and political implications of AI, delivering a platform for independent and informed education. In 2024, the podcast won the prestigious New York Digital Award, while Hawker Zafer was personally recognized for her commitment to making AI accessible and understandable with a Top AI Voice badge for her contributions on LinkedIn. In July last year she also won a Squirro stellar leadership award for her leadership style, a combination of empowerment and accountability.
“Lauren’s contribution to Squirro has been remarkable,” commented Dr. Dorian Selz, co-founder and CEO, Squirro. “She has not only built our reputation and our education infrastructure—The Squirro Academy—created our technical documentation and established a program of insightful courses, but she also plays an influential role on the broader stage, having established herself as a prominent thought-leader in the AI sector. Lauren is among a growing group of female leaders who have smashed through the technology glass ceiling to evangelize and lead the debate on enterprise generative AI. I am delighted that I will have her by my side as we grow the company.”
In her new role as COO, Lauren Hawker Zafer will act as Dr. Dorian Selz’s right hand. Among her responsibilities will be driving company-wide efficiency and ensuring that innovation scales effectively while monitoring the financial health, market competitiveness, and operational excellence of the company.
“I am determined to reinforce Squirro’s place as a leader in the global AI ecosystem, but it is also important to build resiliency and high performance, identify and strengthen partnerships, and grow our market share,” said Lauren Hawker Zafer. “I am proud to have inspired other women and underrepresented groups to recognize the life-changing possibilities that AI and innovation deliver and intend to continue reinforcing this essential message in my new role.”
About Squirro
Squirro is a global leader in enterprise-grade generative AI and graph solutions, specializing in semantic search, insights, and automation. Since its founding in 2012, the company has been at the forefront of AI innovation, empowering organizations with intelligent technology that enhances decision-making and efficiency. Headquartered in Switzerland, Squirro operates across key global markets, with offices in the United States, the UK, and Singapore.
Trusted by industry leaders such as the European Central Bank, the Bank of England, Standard Chartered Bank, Oversea-Chinese Banking Corporation, Henkel, and Indicia Worldwide, Squirro is committed to delivering cutting-edge AI solutions. Its mission is to augment human intelligence, streamline processes, and unlock actionable insights—enabling enterprises to navigate complexity and harness the full potential of their data.
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BEIJING, April 8, 2025 /PRNewswire/ — On April 7, 2025, the 3rd China International Supply Chain Expo (CISCE) initiated its 100-day countdown, heralding a global gathering under the theme Connecting the World for a Shared Future. Amid unprecedented supply chain volatility and shifting trade dynamics, the Expo will take place in Beijing from July 16th to 20th, doubling down on its mission to drive international cooperation and build crisis-resilient supply chains.
Centering on industry chain integration as its cornerstone, the Expo spotlights value generated through supply chain interconnectivity while integrating stakeholder-driven innovations. The event amplifies international collaboration by showcasing China’s expertise in overseas market adaptation, supply chain scalability, and transformative cross-border business models. Attendees will explore cutting-edge, end-to-end supply chain solutions honed by Chinese enterprises, reflecting years of strategic growth.
A highlight includes the inaugural Innovation Chain Zone, part of the Advanced Manufacturing Chain pavilion, which aims to accelerate the commercialization of patented technologies and breakthrough inventions. This dedicated space underscores the Expo’s mission to bridge conceptual advancements with real-world industrial applications, reinforcing its role as a catalyst for global supply chain evolution.
“Through supply chains, we’re connecting the world’s businesses, products, and services, building bridges for industrial integration, innovation, and market access,” said Ren Hongbin, Chairman of the China Council for the Promotion of International Trade (CCPIT). “The platform has become an open driver of mutual growth and win-win cooperation between China and the world.”
The Expo is expanding networking opportunities through pre-event, on-site, and post-event engagements while strengthening its exhibitor alliance to foster deeper business connections.
In a significant development, the event moves to summer for the first time, ensuring optimal comfort for global attendees. Early registrations indicate strong cross-sector participation, with industry leaders from automotive, pharmaceuticals, advanced manufacturing, and finance—both returning exhibitors and new entrants—gearing up to converge in July and shape the future of global supply chains.
CISCE, held in China and recognized as the world’s first national-level event focused on supply chains, has rapidly emerged as a critical hub for global industrial collaboration and innovation, and a premier gateway for international firms accessing the Chinese market.
At the last CISCE, the event’s second edition, exhibitors signed over 210 cooperation agreements and letters of intent, totaling well over 152 billion yuan (approx. USD 20.8 billion). The Expo also serves as a global hub for tech innovation and environmentally responsible collaboration.
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