NJ New Jersey, USA -- (SBWire) -- 07/26/2023 --The latest report on the "Indirect Tax Management Market To 2028" by the AMA Research includes an analysis of various factors such as size, share, growth factors, sales, demand, revenue, trade, forecast, and global companies analysis. The report provides a detailed examination of the current status of factors such as supply chain management, niche markets, distribution channels, trade, supply and demand, and production capability across different countries to provide a more comprehensive understanding of the industry.
The Prominent/Emerging Players in the Indirect Tax Management Market includes: Avalara (United States), Automatic Data Processing (United States), Wolters Kluwer N.V (Netherlands), Thomson Reuters (Canada), Intuit (United States), H&R Block (United States), SAP SE (Germany), Blucora (United States), Sovos Compliance (United States), Vertex (United States), Sailotech (United States)
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Indirect taxes can be defined as taxation on an individual or entity, which is ultimately paid for by another person. Each company needs to manage its tax. Tax may be of two types direct and indirect, the increased focus on indirect tax from both internal and external stakeholders in large enterprises makes it more important than ever to manage these taxes proactively, within the parameters of an indirect tax management framework.
Indirect Tax Management Market Segmentation:
by Organization Size (SMEs, Large Enterprise), End Use (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, and transportation and logistics), Technology), Component (Software, Service), Deployment (Cloud, On Premise)
Market Drivers:
Rising Number of Financial Transactions Across Verticals Due to Digitalization
Complex Nature of the Tax System
Market Trends:
Technology Advancements in Indirect Tax Management Software
Opportunities:
Use of the Blockchain Technology
Challenges:
Regular Amendments in Tax Laws
Global Indirect Tax Management Market, Regional Analysis: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Report Scope:
The report offers valuable insights into the impact of key players on the market, including their size, industry overview, and product offerings. To evaluate the expansion of these players, the report examines their recent advancements in the field. Covering all major geographical regions and sub-regions worldwide, the report specifically focuses on the market size, market shares, and competitive landscape of the Indirect Tax Management industry, as well as sales and growth opportunities within these regions. Additionally, the report analyzes the upstream and downstream activities of market players, including their production and distribution channels, as well as product cost analysis. The report highlights critical information and factual data regarding market drivers, limitations, opportunities, trends, and future prospects.
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The following is a breakdown of the major topics covered in this document, presented in a Table of Contents format.
1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2023-2028
1.2.1. Indirect Tax Management Market, by Type, 2023-2028
1.2.2. Indirect Tax Management Market, by Application, 2023-2028
1.2.3. Indirect Tax Management Market, by Region, 2023-2028
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
2. Global Indirect Tax Management Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
3. Global Indirect Tax Management Market Dynamics
3.1. Indirect Tax Management Market Impact Analysis (2023-2028)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
4. Global Indirect Tax Management Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
5. Competitive Intelligence….
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Indirect Tax Management Market Is Booming Worldwide : Avalara, Automatic Data Processing, Thomson Reuters, Intuit, H&R Block