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Tax Tech Market worth $36.72 billion by 2030- Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., March 31, 2025 /PRNewswire/ — The global Tax Tech Market will grow from USD 18.53 billion in 2024 to USD 36.72 billion by 2030 at a compounded annual growth rate (CAGR) of 12.1% during the forecast period, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on “Tax Tech Market”

180 – Tables
150 – Figures
310 – Pages

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Scope of the Report

Report Metrics

Details

Market size available for years

2019–2030

Base year considered

2023

Forecast period

2024–2030

Forecast units

Value (USD Billion)

Segments Covered

Offering, Tax Type, Deployment Mode, Organization Size, and Vertical

Geographies Covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies Covered

Wolters Kluwer (Netherlands), H&R Block (US), Avalara (US), Vertex.Inc (US), Thomson Reuters (Canada), SAP (Germany), ADP (US), Sovos (US), Intuit (US), Xero (New Zealand), Taxbit (US), Ryan (US), Taxact (US), Corvee (US), Anrok (US), Taxslayer (US), Fonoa (Ireland), Token Tax (US), Drake Software (US), TaxJar (US), and Picnic Tax (US).

The accelerated rise of international commerce and e-commerce substantially drives the complexity of tax compliance among businesses with global operations. Each country has different tax laws, VAT/GST systems, and digital reporting mandates, which challenge manual handling. Cross-border trade, digital services, and various treatments of taxes are also adding to the complexity. Therefore, companies are adopting centralized tax technology platforms that provide scalable and automated solutions to manage various tax requirements effectively. The systems help achieve global tax compliance, reduce mistakes, and increase operations visibility. Precision, consistency, and flexibility in a fast-paced global landscape are some of the primary drivers of using sophisticated tax tech solutions.

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Based on the offering, the solutions segment is expected to hold the largest market share during the forecast period.

Based on the offering, the solutions segment is expected to hold the largest market share in the Tax Tech Market during the forecast period due to the growing demand for automation, compliance, and real-time tax reporting across industries. Organizations in more significant quantities are implementing tax software solutions to automate tax calculations, manage regulatory updates, and reduce manual errors. These solutions provide advanced features such as e-filing, audit support, analytics, and system integration with enterprises, enabling business houses to make tax operations more accurate and efficient. With governments worldwide adopting complex and dynamic taxation regulations, firms are turning towards robust digital solutions to ensure on-time compliance and minimize financial risk. The rise of cloud-based tax solutions drives further adoption, offering scalability, security, and cost savings. The increased need for digital transformation in finance teams and the necessity to maintain transparency in taxation practices are a few of the key drivers fueling the dominance of the solutions segment in this market.

Based on the vertical type, the IT & telecom segment is expected to grow at the highest CAGR during the forecast period.

The IT & Telecom sector is expected to grow in the Tax Tech Market, with the highest CAGR during the forecast period. This growth follows as businesses within this industry scale up their digitalization initiatives and come under increased pressure to remain compliant with changing tax laws across various geographies. With massive amounts of data and frequent cross-border payments, IT & Telecom firms are adopting advanced taxation technologies like AI-based tools, cloud solutions, and automated reporting platforms to simplify complex tax processes and minimize chances of error. These solutions not only save time but also help companies maintain agility in the face of a fast-changing regulatory environment. Therefore, the need for more innovative, scalable tax tech is increasing rapidly in this segment and is, as such, a key factor driving market expansion.

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Based on the regions, the Middle East & Africa is expected to grow at the second-highest CAGR during the forecast period.

Middle East & Africa is anticipated to register the second-highest CAGR in the tax tech industry over the forecast period, led by extensive government-initiated digital tax reforms and rising adoption of e-invoicing and compliance solutions. Egypt, Nigeria, and Kenya are transforming Africa with solutions such as ETA’s e-receipt system, FIRS’s TaxPro Max, and KRA’s eTIMS to enhance tax transparency and prevent evasion. In the Middle East, UAE’s EmaraTax and Saudi Arabia’s ZATCA-led e-invoicing demonstrate a healthy regulatory pace towards real-time, networked tax systems. The Gulf nations of Bahrain and Oman are in catch-up mode, too, making investments in platforms with SAP and PwC as partners. South Africa has consistently progressed with SARS’s electronic customs and eFiling enhancements. As infrastructure enhances and informal economies go digital, the region offers robust growth opportunities for tax tech suppliers, placing MEA in a fast-evolving position as a hub for advanced tax administration solutions.

Top Key Companies in Tax Tech Market:

Some of the tax tech vendors are Wolters Kluwer (Netherlands), H&R Block (US), Avalara (US), and Vertex.inc (US), Thomson Reuters (Canada), SAP (Germany), ADP (US), Sovos (US), Intuit (US) and Xero (New Zealand).

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

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To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter LinkedIn and Facebook .

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Technology

ODILO Embarks on a New Era as Letmino to Transform Continuous Learning in the Age of AI

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The edtech company updates its brand and strategic vision, positioning artificial intelligence as a pedagogical tool to accelerate upskilling and reskilling throughout the European market.With platforms providing access to over 170 million users globally, Letmino reinforces its focus on the corporate and institutional sectors, seamlessly integrating continuous learning into the daily routines of organizations.

MADRID, Sept. 3, 2026 /PRNewswire/ —  ODILO, the global edtech company with over a decade of experience transforming access to knowledge, is embarking on a new chapter under the brand Letmino. This evolution reflects the renewal of its visual identity and product portfolio, responding to the company’s growth and its evolution into a comprehensive learning platform tailored to the challenges of today’s workplace.

In a market heavily focused on the technical capabilities of artificial intelligence, Letmino advocates that technology is a means, not an end in itself. True innovation lies in improving the way people and organizations learn and develop their talent.

Sarah Harmon, CEO, who brings an outstanding track record in the executive management of technology companies, is leading this transformation. “We begin this new stage with a clear conviction: technology only holds value if it empowers human development. In an environment of unprecedented digital acceleration, our goal is to ensure that every professional and organization remains at the forefront,” emphasizes Harmon. “True personalization is not merely an algorithm; it is a profound pedagogical challenge. With Letmino, we offer a new vision of continuous learning, supported by technology, that turns knowledge into real and immediate growth.”

Businesses and public entities are currently facing an urgent need to update their workforce’s skills in the face of rapid digital transformation. To mitigate the risk of employees turning to informal, unstructured, or unverified content, Letmino positions itself as an essential strategic partner. The platform offers carefully curated, verified learning paths that are specifically designed according to the maturity stage and unique needs of each organization.

In addition to its strong presence in the public sector and the educational ecosystem, the platform is expanding its corporate portfolio with the launch of new, technologically advanced products and a highly flexible commercial structure. This new offering ranges from agile solutions tailored for small and medium-sized enterprises (SMEs) to comprehensive packages for large multinational corporations, facilitating widespread adoption on a regional scale.

ABOUT LETMINO

Letmino is the continuous learning platform that integrates naturally into the work environment and daily life. We select, organize, and contextualize content to respond to questions and concerns at the exact moment they arise. We transform available moments in a schedule into immediately applicable learning, providing exactly the content needed to take the next step with confidence. Whether it is taking on a new challenge, exploring other interests, or simply keeping the mind sharp, we adapt to the schedules and pace of every individual. Each person sets their own direction; we ensure learning flows to accompany them.

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VARIANSE and Southampton FC announce multi-year global trading partnership

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Global online trading brand marks 10 years in the industry as it becomes Southampton FC’s Official Global Trading Partner and exclusive Official CFD Trading Partner.

SOUTHAMPTON, England and LONDON, Sept. 3, 2026 /PRNewswire/ — Southampton Football Club and global online trading brand VARIANSE have announced a new multi-year partnership, which will see VARIANSE become the club’s Official Global Trading Partner and exclusive Official CFD Trading Partner.

This partnership marks an important milestone for VARIANSE as the brand celebrates 10 years of excellence in the online trading industry and enters the next phase of its international growth.

By combining two organisations that share a focus on performance, technology, innovation, and continued development, the partnership gives VARIANSE worldwide rights to use its official Southampton FC partnership titles and the approved club intellectual property in its international branding and digital activations.

Under the terms of the multi-year contract, the VARIANSE brand will have a prominent presence at St Mary’s Stadium, with its name appearing across matchday advertising and other partner branding activities throughout the season.

The two organizations will also work together on tailored digital campaigns and produce original content featuring members of Southampton FC’s Men’s First Team, bringing together the worlds of elite football and global financial markets through a series of digital activations.

Rohit Mirpuri, Chief Executive Officer of VARIANSE, said:

“Becoming Southampton Football Club’s Official Global Trading Partner is a pivotal moment for VARIANSE.

Southampton has a proud history, an international fan base, and a strong reputation for developing talent and embracing innovation. Those qualities reflect the ethos that has shaped the way we have built VARIANSE.

Trading at a high level demands preparation, technology, discipline and the ability to perform when it matters. We see many of those same principles in elite sport, which makes Southampton a natural partner for us.

We’re looking forward to working closely with the club and creating engaging content and experiences that bring the partnership to life for supporters around the world.”

Greg Baker, Chief Revenue Officer of Southampton FC, said:

“We are delighted to welcome VARIANSE to Southampton Football Club as our Official Global Trading Partner.

The partnership reflects Southampton FC’s long-standing commitment to working with ambitious, high-growth brands that share the Club’s values of authenticity, innovation, community engagement and a strong focus on their clients and supporters.

Through the collaboration, Southampton FC will work closely with VARIANSE to deliver engaging digital campaigns and original content for the Saints global fanbase and wider Hampshire community, providing greater exposure to the fast-moving and increasingly technology-driven world of online trading and investment.”

About VARIANSE

VARIANSE is a globally regulated online broker specialising in Forex, commodities and CFD trading.

Established in 2015, and headquartered in London, the brand is regulated by multiple international financial authorities, including the UK’s Financial Conduct Authority (FCA). VARIANSE services clients in more than 100 countries and continues to expand its footprint across Asia, Latin America and the MENA regions.

VARIANSE as a leading fintech broker, combines institutional-grade trading technology with direct market access, providing retail traders, asset managers and algorithmic trading firms access to global financial markets.

For more information, visit varianse.com

About Southampton Football Club

Southampton Football Club (the ‘Saints’) is a professional English football club with a rich history rooted in the Hampshire community.

Founded in 1885 and based at the St Mary’s Stadium since 2001, the club competes in the English Football League (EFL) Championship and is internationally renowned for its world-class youth academy, which has produced some of modern football’s finest talent.

Underpinned by a commitment to innovation, resilience, and community value, Southampton FC continues to build long-term success both on the pitch and through its official charity, the Saints Foundation.

For more information, visit southamptonfc.com

Media enquiries

VARIANSE
Rasheed Ahmed
PR & Digital Media
media@varianse.com

Southampton Football Club
Jordan Sibley
Head of PR & Communications
jsibley@saintsfc.co.uk

Regulatory notice

This announcement is provided for corporate information purposes only and does not constitute investment advice, an offer or a solicitation to enter into any financial transaction.

Trading products and services are subject to applicable regulatory requirements and jurisdictional restrictions.

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SOURCE VARIANSE

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Technology

Improved colour matching functionality; new KAIROS control options; and standard-setting PTZ cameras reflect Panasonic’s continuous broadcast innovation.

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WIESBADEN, Germany, Sept. 3, 2026 /PRNewswire/ — Panasonic Connect Europe’s latest broadcast and ProAV innovations enable content creators and production teams to deliver smarter, more efficient and visually compelling live productions through advances in imaging, automation and workflow technology.

Enhanced KAIROS Control Panels
Panasonic has launched two new control panels for its KAIROS IT/IP live video production platform. These are available with 12 Buses/40 Crosspoint Buttons; and 12 Buses/30 Crosspoint Buttons, ideal for managing complex, large-scale live productions[1]. The large touch panels on each Bus row provide simple access to snapshots, macros, and other frequently used functions. This reduces operator fatigue and enables smoother switching. The AT-KP340 will be available in Q2 CY2027, with the AT-KP330 available in Q3 CY2027[2].

New Auto Colour-Matching for Image Adjust Pro Software
Panasonic’s Image Adjust Pro Media Production Suite plug-in has been updated with enhanced virtual remote-control panels, and a new automatic colour-matching function. This automatically aligns the colours from multiple cameras to a reference camera without requiring specialist knowledge[3]. This reduces manual efforts to adjust gamma, matrix and colour correction settings, streamlining on-location colour matching.

This simplifies pre-production setup and reduces operator workload, while the intuitive GUI interface enables consistent colour matching across Panasonic and third-party cameras[4]. The result is a smarter, more efficient workflow for live production environments. The update is scheduled to be released in Q4 CY2026[5][6]. It is also planned to support the new AW-UE200 and AW-UER200 PTZ cameras in the future.

Enhanced Colour Adjustment for 4K Cameras
Panasonic has introduced new colour adjustment functions[7] for its AK-UCX100 studio camera, and AK-UBX100 multi-purpose camera, available in Q4 CY2026. These deliver the desired colour expression for creators, and simplify colour matching between cameras for live events with LED walls, broadcast studios, and virtual productions.

The Color Temp. Blend function takes the colour temperature data from LED walls and stage lighting, blending them to generate an optimal white balance for the desired shooting environment. This closely aligns visuals from real-world subjects and LED wall footage.

Target Color Correction allows users to designate a specific colour and adjust its hue and saturation individually. For example, it enables pinpoint correction of corporate brand colours or sponsor logos displayed on an LED wall. The function can configure up to three colour tables simultaneously.

Panasonic’s Chroma Suppression function allows users to maintain overall colour reproduction whilst suppressing colour shift and saturation in highly saturated visuals. This is useful for operators shooting LED displays that feature vivid computer-generated imagery at live events such as concerts, whilst achieving high-quality video expression.

[1] Some features are still under development, so specifications and release dates are subject to change.
[2] For the latest information on product availability, please refer to the product website.
[3] Some features are still under development, so specifications, screens, supported models and release dates are subject to change.
[4] Only Panasonic cameras support colour adjustment using a reference camera, but the reference camera can be a third-party model.
[5] For the latest information on firmware availability, please refer to the product website.
[6] Automatic colour matching is available on models compatible with Image Adjust Pro (AW-SF600).
[7] Will be launched via firmware update.

 

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