Press Release
Tax Tech Transformation: Market to Surge with 12.3% CAGR
Pune, India | November 27, 2025
Global Data Route Analytics has released its latest market research report titled “Global Tax Technology Market Outlook and Forecast 2024–2032”. The report highlights that the global tax technology market, valued at USD 33.9 billion in 2024, is undergoing rapid transformation. This is fueled by increasing regulatory complexity, the globalization of business operations, and the accelerated shift toward digital tax compliance frameworks.
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The market is expected to reach approximately USD 87.1 billion by 2032, expanding at a CAGR of 12.3% during the forecast period. Key growth drivers include the adoption of cloud-based tax platforms, AI-powered compliance tools, and automated reporting solutions that help corporations and tax authorities meet evolving digital mandates. Sectors such as BFSI, healthcare, IT & telecom, and manufacturing are leading adopters of tax tech as they modernize finance functions and reduce compliance risks.
As governments intensify scrutiny through e-invoicing, real-time reporting, and e-audit protocols, demand for agile and scalable tax technology platforms is surging. Moreover, the increasing role of automation in tax preparation, filing, and analytics is allowing organizations to shift from manual, error-prone processes to streamlined, transparent tax operations.
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The report covers detailed market segmentation by component (software, services), deployment mode (cloud-based, on-premise), end-user (individuals, corporates, professionals, agencies), and across key industries like BFSI, retail, healthcare, and logistics. It provides a granular analysis across major global regions including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The study profiles 20 leading players shaping the competitive landscape, including:
• Thomson Reuters Corporation
• Wolters Kluwer N.V.
• Intuit Inc.
• SAP SE
• Oracle Corporation
• Avalara Inc.
• Vertex, Inc.
• Sovos Compliance LLC
• Xero Limited
• ADP, Inc.
• H&R Block Inc.
• TaxSlayer LLC
• Blucora, Inc. (TaxAct)
• CCH Incorporated
• Drake Software LLC
• Ernst & Young (EY)
• PricewaterhouseCoopers (PwC)
• Deloitte
• KPMG
• Ryan, LLC
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About the Company
Global Data Route Analytics is a market research and consulting firm that provides businesses with data analysis, market forecasts, and tailored reports across various industries. The company uses advanced data analysis techniques, proprietary data, and an expert team to help clients understand market trends, make informed decisions, and develop strategies. They focus on delivering customized solutions, competitive intelligence, and growth strategies to help businesses succeed in their respective markets.
Media Contact:
Srushti Tungar
Global Data Route Analytics
