Tax Preparation Software Developers - Industry Market Research Report

September 2020 •
46 pages •
Report ID: 5103557 •
Format: PDF

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Tax time: As incomes, the number of households and computer usage rise, demand is expected to increase

Abstract

Tax Preparation Software Developers
Operators that provide tax services typically generate a steady flow of revenue due to the necessary nature of filing taxes. However, a growing share of consumers and businesses are opting to file their taxes through software as they become attracted by online offerings. This has accelerated industry demand over the past five years, and enabled the industry to outpace growth for other tax-filing services. The industry is expected to continue its upward trend, as revenue is set to rise over the five years to 2019. Revenue for the Tax Preparation Software Developers industry will continue to rise over the five years to 2024, albeit at a slower rate, as price-based competition limits gains.

This industry provides software, usually hosted online, that enables individuals to file federal and state tax returns. The software is designed to guide users through their tax returns step-by-step. Additionally, operators in the industry provide software for small businesses. This industry excludes tax preparation software used by professional accountants.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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