The Sales Tax Software Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Sales Tax Software Market?
The market size of sales tax software has seen considerable growth recently. Its value is predicted to rise from $9.61 billion in 2024 to $10.68 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 11.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Sales Tax Software Industry?
The market size of the sales tax software is projected to reach $16.18 billion in 2029, growing at a compound annual growth rate (CAGR) of 10.9%.
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What are the Key Growth Drivers Fueling the Sales Tax Software Market?
The key drivers in the sales tax software market are:
• Rising adoption of e-commerce and omnichannel retail
• Need for cross-border tax compliance due to expanding global trade
• Evolution of tax regulations and increasing need for automation
• Rising focus on data security, compliance and preference for cloud-based solutions
Global Market Segmentation: Identifying Major Sales Tax Software Industry Segments
The sales tax software market covered in this report is segmented –
1) By Solution: Tax filings, Consumer Use Tax Management, Other Solutions
2) By Deployment: Cloud, On-Premises
3) By Application: Sales Tax Calculation And Reporting, Tax Audit And Compliance, Tax Exemption Management, Tax Return Preparation
4) By End-User: Information Technology (IT) And Telecom, Banking, Financial Services, And Insurance (BFSI), Healthcare, Transportation, Retail, Other End Users
Subsegments:
1) By Tax Filings: Automated Tax Calculation, Electronic Filing, Tax Compliance Reporting
2) By Consumer Use Tax Management: Use Tax Calculation, Exemption Certificate Management, Audit And Compliance Tracking
3) By Other Solutions: VAT And GST Compliance, Sales Tax Rate Management, Cross-Border Tax Management
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What are the emerging Trends Shaping the Future of the Sales Tax Software Market?
The key trends in the sales tax software market are:
• AI-powered tax rate accuracy tools are becoming a key trend in the sales tax software market.
• Adoption of real-time compliance updates represents another emerging trend.
• Seamless integration between ERP and e-commerce systems is increasingly high on the agenda.
• Advanced exemption certificate management and blockchain-enabled audit trails are other noteworthy trends.
Who Are the Top Competitors & Leading Players in the Sales Tax Software Market?
Major players in the sales tax software market are:
• Oracle Corporation
• SAP Inc.
• Intuit Inc.
• Vertex Pharmaceuticals
• Thomson Reuters
• Wolters Kluwer N.V.
• Infor Inc.
• Zoho Corporation
• Stripe Inc.
• Sage Group plc
• Epicor Software Corporation
• Xero Limited
• Avalara
• Taxify
• Vertex Inc.
• Sovos Compliance
• Gusto Inc.
• MYOB
• Sage Intacct Inc.
• Acumatica Inc.
• Wave Accounting
• Taxually
• TaxJar
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the sales tax software market in 2024
