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Tax Preparation Software Developers in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Tax Preparation Software Developers Market Research Report | Technology | Business Productivity Software | Mar 2015

Tax time: As incomes, households and computer use rise, demand will increase

IBISWorld’s Tax Preparation Software Developers market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Intuit Intuit market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 10-15
3.8%
Annual Growth 15-20
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Profit
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Employment
5,288
Businesses
57
Industry Analysis & Industry Trends

The Tax Preparation Software Developers industry experienced growth over the past five years. When consumer incomes fell during the recession, they became less willing to pay for tax preparation software, and industry revenue fell in 2008 and 2009. But then revenue returned to growth as the economy stabilized thereafter. Growth in the next five years will come from an expanding consumer base and greater trust consumers will place in the security of tax preparation software.... purchase to read more

Industry Report - Industry Products Chapter

Firms typically offer different tiers of software that have varying services at different prices. For example, TurboTax offers basic, deluxe and premier versions of its software. Value-added services for higher tier levels of software may include audit risk alerts, deduction suggestions and property and investment tax advice. As such, unit sales do not accurately reflect a company's revenue share per service. Moreover, while the Free File Alliance accounted for a respective 7.1% and 10.7% of Intuit and H&R Block's filings, the service allows consumers to file their federal taxes for free and does not generate revenue... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Tax Preparation Software Developers Industry?

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

Industry Products
Desktop softwareOnline tax software
 
Industry Activities
Providing federal income tax preparation softwareProviding state income tax preparation softwareProviding small business tax preparation softwareProviding professional tax preparation software


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