Global Tax Preparation Services Business Report 2023
Friday, November 24, 2023
DUBLIN, Nov. 16, 2023 /PRNewswire/ -- The "Tax Preparation Services - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
Global Tax Preparation Services Market to Reach $44.7 Billion by 2030
The global market for Tax Preparation Services estimated at US$33.4 Billion in the year 2022, is projected to reach a revised size of US$44.7 Billion by 2030, growing at a CAGR of 3.7% over the analysis period 2022-2030.
The market is further categorized into tax compilation services, tax return preparation services, and other service types, with a detailed analysis of each segment's annual revenues and trends. The report also examines the market across different end-users, including individuals and other end-user categories, providing valuable insights into the Tax Preparation Services industry.
Tax Compilation Services, one of the segments analyzed in the report, is projected to record 3.6% CAGR and reach US$20.8 Billion by the end of the analysis period. Growth in the Tax Return Preparation Services segment is estimated at 4.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $11.8 Billion, While China is Forecast to Grow at 5.5% CAGR
This report provides a comprehensive analysis of the Tax Preparation Services market, presenting data on annual sales in US$ Million for the years 2014 through 2030. It includes recent, current, and future market insights, segmented by geographic regions such as the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
The Tax Preparation Services market in the U.S. is estimated at US$11.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.6 Billion by the year 2030 trailing a CAGR of 5.5% over the analysis period 2022 to 2030.
Additionally, the report offers a historical review of the market from 2014 to 2021 and a 16-year perspective, breaking down value revenues for key regions in 2014, 2023, and 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 3.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
What`s New?
-- Special discussions on the global economic climate and market sentiment
-- Coverage on global competitiveness and key competitor percentage market
shares
-- Market presence analysis across multiple geographies -
Strong/Active/Niche/Trivial
-- Online interactive peer-to-peer collaborative bespoke updates
-- Access to digital archives and trademarked research platform
-- Complimentary updates for one year
-- Access to curated YouTube video transcripts of market sentiments shared
by CEOs, domain experts and market influencers via interviews, podcasts,
press statements and event keynotes
MARKET OVERVIEW
-- Evergreen Importance of Taxes as a Key Development Priority Provides the
Foundation for the Growth of Tax Preparation Services
-- Favorable Tax to GDP Ratio to Provide a Fertile Environment for the
Adoption of Tax Preparation Services: Tax to GDP Ratio (In %) by Region
as of the Year 2022
-- What's Ahead for Businesses & Markets?
-- Shaken by the War, Global Oil Prices Spiral & Feed Inflationary
Pressures: Global Average Annual Brent Crude Oil Price (In US$ Per
Barrel) for Years 2017 through 2022
-- War-Induced Commodity Price Increases & Broad Based Price Pressures Mark
the Return of Global Inflation in 2022: Global Inflation Rates (In %)
for the Years 2019 Through 2022
-- After the Pandemic, Global Economic Uncertainty Surges Amidst War,
Inflation, Political Tensions & Supply Chain Disruptions Aggravated by
China's Slowdown: World Economic Growth Projections (Real GDP, Annual %
Change) for the Years 2020, 2021, 2022 and 2023
-- Competition
-- Tax Preparation Services - Global Key Competitors Percentage Market
Share in 2022 (E)
-- Competitive Market Presence - Strong/Active/Niche/Trivial for Players
Worldwide in 2022 (E)
-- Tax Preparation Services: Overview, Definition & Benefits
-- World Brands
-- Recent Market Activity
MARKET TRENDS & DRIVERS
-- Struggling Labor Market is a Lost Opportunity for Growth in the Tax
Preparation Market
-- Persistently High Unemployment Rates Above Pre-COVID Levels Indicates
Long-Term Scarring from the Pandemic, Wage Inequality & Weakening
Economic Recovery: Global Number of Unemployed People (In Million) for
Years 2019 Through 2023
-- Growing Market for Employment Services Brings the Promise of
Employment-Rich Economic Growth & Need for Professional Tax Planning and
Filing Services
-- With Employment Services Helping People Land Better, Well-Paying Jobs,
There Will be a Parallel Need for Professional Services to Handle, Plan
& Manage, Compliant Tax Strategies: Global Market for Employment
Services (In US$ Billion) for Years 2022, 2024, and 2026
-- Stricter Tax Rules Amid Growing Government Debt & Tax Evasions to Spur
Demand for Tax Preparation Services
-- Record High Global Public Debt Strengthens the Business Case for Tax
Reforms Designed to Widen the Tax Net, a Move That Can Benefit Demand
for Tax Preparation Services: Global Public Debt (% of GDP) by Region
for Years 2019 Through 2021
-- Role of AI in Tax Preparation Services Gets Bigger
-- Growing Tax Complexity Strengthens the Business Case for Tax Preparation
Services
-- Increasing Tax Complexity Leads to Bigger Compliance Burdens
Necessitating Businesses & Individuals to Seek Professional Services in
Ensuring Compliance: Individual Income Tax Compliance Burden in the
United States (In US$ Billion) for Years 2017 Through 2021
-- Rise in Corporate Profit Despite Inflation Bodes Well for Adoption of
Tax Preparation Services
-- Growing Global Corporate Profit Bodes Well for Adoption of Professional
Tax Related Services: Global Corporate Revenue (In US$ Trillion) for
Years 1980, 2015 & 2025
-- Growing Salaries and Wages Despite Inflation & Fear of Recession to
Boost Tax Related Services for Individuals
-- As Continued High Inflation & Talent Supply Challenges Take Salaries to
Higher Levels, Pushing Employees into Higher Tax Brackets, Demand for
Tax Preparation Services Will Grow to Meet More Complex Documentation
Needs: Salary Increase in India (In %) for the Years 2020 Through 2022
-- Growing Trend Towards Outsourcing Finance & Accounting Operations to
Expand the Addressable Market for Tax Preparation Services
-- Finance & Accounting Outsourcing Adoption (in %) by End-Use Markets as
of the Year 2022
-- Growing Preference for Outsourcing Finance & Accounting Related
Obligations Bodes Well for Higher Adoption of Tax Preparation Services:
Global Finance and Accounting Outsourcing Market (In US$ Million) for
Years 2022, 2024 & 2026
FOCUS ON SELECT PLAYERS (Total 266 Featured)
-- Deloitte Consulting LLP
-- Absolutely No Nonsense Admin Limited
-- Advantage Payroll Services, Inc.
-- Ernst & Young Global Limited
-- Flatworld Solutions Pvt., Ltd.
-- Cogneesol
-- Fiducial, Inc.
-- Avii
-- Circula
-- Donofrio
-- Enterslice Inc
-- FinTax Experts
-- Corneliuson & Associates
-- Baker Retirement & Wealth Management
-- BerganKDV
For more information about this report visit https://www.researchandmarkets.com/r/eeh5rh
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/global-tax-preparation-services-business-report-2023-301990286.html
SOURCE Research and Markets
|
|
|
|
|
 |
Weekly Recap: 11 Tech Press Releases You Need to See | Jan 22, 2026
|
|
Sup AI Sets New Benchmark Record with 52.15% on Humanity's Last Exam | Jan 22, 2026
|
|
DEADLINE ANNOUNCED FOR 2026 NEW TOP-LEVEL DOMAIN APPLICATIONS | Jan 22, 2026
|
|
Trigent Partners with WeWork India to Expand its GCC Footprint | Jan 22, 2026
|
|
Skunk Works® and XTEND Expand Joint All Domain Command and Control for Advanced Mission Execution | Jan 22, 2026
|
|
Exia Labs Brings Keystone to the U.S. Navy via DIU's Blue Object Management Challenge | Jan 22, 2026
|
|
Altair HyperWorks 2026 Delivers Design and Simulation at Scale with AI | Jan 22, 2026
|
|
Glasswall Brings Defense-Level File Sanitization to Every Government Agency and Business Using Microsoft 365 | Jan 22, 2026
|
|
Buyers Edge Platform Appoints Jaime Selga to Lead Expansion Across the Middle East, Africa & Asia | Jan 22, 2026
|
|
Genpact Named a Leader in ISG Provider Lens(TM) 2025 for Insurance GCCs and Agentic AI Services | Jan 22, 2026
|
|
|
