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.
Industry Statistics & Market Size
Annual Growth 14-19
Industry Analysis & Industry Trends
The Tax Preparation Software Developers industry experienced minimal overall 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. To a lesser extent, improving consumer incomes will encourage more consumers to pay for prepackaged tax preparation software over free online counterparts... purchase to read more
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 high-end software to tax preparation professionals and small businesses. This industry does not include tax planning software... purchase to read more
Major products in this industry
Consumer federal tax softwareConsumer state tax softwareSmall business tax preparation softwareProfessional tax preparation software
Examples of brands in this Industry
TurboTax (Intuit)H&R Block At Home (H&R Block)