The team’s highest goal is to provide our clients with the best quality market research and volving Tax and Accounting Software market, analyzes its size, growth trends, key players and regional differences. Request a Free Sample of This Strategic Report Market Size and Growth The global tax and accounting software market size was USD billion in 2017. The tax and accounting software market is expected to grow from USD billion in 2017 to USD billion in 2018 at a CAGR of.
The growth is attributed to the following factors: Rising use of cloud computing solutions and technologies, increasing penetration of Venezuela Phone Number List mobile applications for business accounting, and rapid industrialization of offices are the key market drivers contributing to the market growth. This growth is attributed to the following factors: Increasing business complexity Businesses are struggling to cope with the increasing complexity of tax regulations and accounting standards.
Tax and accounting software automates tasks to simplify compliance and minimize errors. Rise of cloud-based solutions x anytime, anywhere access to software facilitating remote work and collaboration for geographically dispersed teams. Rising adoption by SMEs SMEs are recognizing the value proposition of tax and accounting software as it reduces the costs associated with hiring dedicated accounting staff. Changing regulatory environment Regulators are constantly updating tax laws and accounting standards. Tax and accounting software providers are constantly updating their solutions ensuring compliance with the latest regulations.