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Tax Preparation Software Developers: Market Research Report

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

Tax Preparation Software Developers Market Research Report | NAICS OD4549 | Sep 2016

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
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 11-16
10.7%
Annual Growth 16-21
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Profit
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Employment
8,584
Businesses
207
Industry Analysis & Industry Trends

Operators that provide tax services typically generate a steady flow of revenue due to the necessary nature of filing taxes. However, a growing share of consumers and businesses are opting to file their taxes through software as they become attracted by online offerings. This has accelerated industry demand over the past five years, and enabled the industry to outpace growth for other tax-filing services. The industry is expected to continue its upward trend, as revenue is set to rise over the five years to 2016. Revenue for the Tax Preparation Software Developers industry will continue to rise over the five years to 2021, albeit at a slower rate, as price-based competition limits gains... 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 operators 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. Add.. 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 enables individuals to file federal and state tax returns. The software is designed to guide users through their tax returns step-by-step. Additionally, operators in the industry provide software for small businesses. This industry excludes tax preparation software used by professional accountants.

Industry Products
Online tax softwareDesktop softwareFree file alliance
 
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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