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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 - Starting a New Business Chapter

The industry has moderate barriers to entry. The relative ease of distributing software through the internet or offering services online has eroded many of the traditional barriers to entry throughout the entire software sector. New entrants to the industry that establish a website can sell their product throughout the country without the burden of distribution costs or the need to set up establishments in multiple geographic locations. However, whether these firms can generate significant revenue is highly dependent on establishing a large customer base.

The high level of market share concentration poses a significant barrier to new entrants. Customers that already are familiar with a certain product may be reluctant to switch to another... 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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