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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 SWOT Analysis Chapter

The Tax Preparation Software Developers industry is currently in the mature phase of its life cycle. Over the 10 years to 2020, industry value added (IVA), which measures the industry's contribution to the overall economy, is expected to increase at an average of 4.1% per year. While industry IVA will far outpace GDP growth of 2.5% over the same period, this is largely due to persistent unemployment through 2010; the industry relies heavily on high employment levels because consumers with no income are eligible for free tax software and typically file their own taxes without assistance because they have no income to claim. IVA growth is consequently projected to moderate in coming years, growing more closely in line with the overall economy... 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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