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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 - Industry Analysis Chapter

Over the five years to 2015, the Tax Preparation Software Developers industry is expected to expand at an average 3.8% annually, including 4.2% growth in 2015, to reach $2.1 billion. The tax preparation industry has historically been an attractive industry to operate in due to stable demand, as nearly all working households in the United States must submit a tax return each year. Moreover, most working US households now own computers, totaling to an estimated 83.0% of total households in 2015 and facilitating the widespread development and use of tax preparation software. As consumers conduct a growing share of their services online, demand for industry services has outpaced industry incumbents and fostered growth over the five-year period... 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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