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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.

In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision.

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

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Technology

Tucker Medical selects GE HealthCare MRI technology to advance personalized preventive care in Singapore

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Collaboration will explore clinical education, knowledge exchange and imaging excellence across Southeast Asia

Tucker Medical has installed a SIGNA™ 1.5T magnetic resonance imaging system at its Novena Specialist Center in Singapore to support its personalized, risk-informed approach to assessment and screening.Through a memorandum of understanding, Tucker Medical and GE HealthCare intend to explore clinical education, knowledge exchange, research support and opportunities to advance imaging practices across Southeast Asia.

SINGAPORE, Sept. 3, 2026 /PRNewswire/ — GE HealthCare (Nasdaq: GEHC) and Tucker Medical today announced a new relationship centered on advanced magnetic resonance imaging and a shared interest in supporting personalized, preventive healthcare. Tucker Medical has installed a GE HealthCare SIGNA™ 1.5T magnetic resonance imaging (MRI) system at its Novena Specialist Center in Singapore, adding advanced imaging capabilities to its precision prevention model.

Founded by medical oncologist Dr. Steven Tucker, Tucker Medical applies its “ASAP” (Assessment, Screening And Prevention) framework to personalize care based on individual risk, including genetics, family and personal history, prior cancer treatment, and metabolic and cardiovascular factors. Particular focus includes hereditary cancer risk, adult survivors of childhood cancer, long-term cancer survivors, and others requiring individualized long-term surveillance.

The installed system includes GE HealthCare’s AIR™ Recon DL deep-learning image reconstruction technology, Sonic DL™ for accelerated MRI acquisition, AIR™ Coil technology and Digital Expert capabilities. These technologies are designed to support high-quality imaging, workflow efficiency and the patient experience across MRI examinations.

“At Tucker Medical, we believe prevention becomes more meaningful when it is informed by a deeper understanding of each individual’s risk and health trajectory,” said Dr. Steven Tucker, Founder and Medical Director, Tucker Medical. “This applies both to individuals with increased risk who have never had cancer and cancer survivors whose disease and prior treatment may create health risks that persist for decades. Imaging is an important part of that picture. The addition of MRI allows us to further integrate imaging into our broader assessment, screening and longitudinal surveillance approach and to continue developing our model of personalized preventive care in Singapore and across the region.”

“Healthcare is increasingly moving toward more personalized approaches that bring together clinical information across the patient journey, and imaging has an important role to play in supporting that shift,” said Dede Yan, Zone General Manager, SEA6 (Singapore, Malaysia, Cambodia, Myanmar, Brunei, Laos), GE HealthCare. “We are pleased to support Tucker Medical as it expands its imaging capabilities and to explore opportunities to share knowledge, strengthen clinical education and help advance imaging practices across Southeast Asia.”

Through a memorandum of understanding, GE HealthCare and Tucker Medical are establishing a framework to explore clinical education, knowledge exchange, research support and imaging excellence.

The organizations also intend to explore establishing Tucker Medical as a regional immersion training centre. The initiative could provide healthcare professionals with opportunities to experience MRI technologies in a clinical setting through activities such as workflow demonstrations, case reviews, clinical observations and peer-to-peer education.

In addition, the organizations plan to explore opportunities to gather product feedback and clinical insights and to support future educational activities, professional forums and knowledge-sharing initiatives in medical imaging and oncology.

About GE HealthCare Technologies Inc.

GE HealthCare is a leading global healthcare solutions provider of advanced medical technology, pharmaceutical diagnostics, and AI, cloud and software solutions that help clinicians tackle the world’s most complex diseases. Serving patients and providers for 130 years, GE HealthCare is delivering bold innovations designed for the next era of medicine across its Advanced Imaging Solutions, Patient Care Solutions, and Pharmaceutical Diagnostics segments to help clinicians deliver more personalized, precise patient care. We are a $20.6 billion business with approximately 54,000 colleagues working to create a world where healthcare has no limits.

GE HealthCare is proud to be among 2026 Fortune World’s Most Admired Companies™.

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SOURCE GE HealthCare

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Minor Hotels partners with Checkout.com to power high-performance payments across global hospitality

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Checkout.com will support Minor Hotels’ global expansion through its global acquiring network, powering high performance payments across international marketsAI-powered payment optimization will help Minor Hotels improve acceptance rates and deliver more seamless, secure checkout experiences for guestsA global payments partner with local acquiring and expertise will help simplify operations and reduce lost revenue from failed payments

SINGAPORE, Sept. 3, 2026 /PRNewswire/ — Checkout.com, a leading global digital payments company, today announced its partnership with Minor Hotels, a global hospitality group with more than 640 hotels across 67 countries.

Minor Hotels operates a diverse portfolio of hotels and resorts, alongside food and beverage businesses and luxury transportation services. As the group continues to expand across markets, it is consolidating its payments infrastructure to create a consistent foundation for growth and ensure high quality digital payment experiences for guests.

Through the partnership, Checkout.com will provide global acquiring and payment optimization capabilities for Minor Hotels’ resort properties across multiple markets worldwide. Minor Hotels selected Checkout.com for its global reach and local expertise, and its ability to deliver payment performance across multiple international markets while adapting to local requirements. Checkout.com’s domestic acquiring capabilities improve authorization rates and reduce processing costs through local transaction routing. Where possible, like-for-like settlement in local currencies reduce unnecessary foreign exchange conversions and simplify treasury and reconciliation as Minor Hotels scales.

The partnership will also bring together Checkout.com’s Intelligent Acceptance and Dynamic 3DS Authentication capabilities. Intelligent Acceptance is Checkout.com’s AI-driven optimization engine that enhances the performance of every transaction and is powered by global network intelligence. It maximizes first-attempt approvals and reduces failed transactions, helping to drive revenue across complex cross-border and multi-currency payment flows. Dynamic application of 3DS authentication is based on issuer preferences and local regulatory requirements, reducing unnecessary friction for guests.

Anthony Green, Global Head of Digital Marketing and Ecommerce at Minor Hotels, said: “As our portfolio continues to grow across markets, we need payment infrastructure that is reliable, flexible and able to support a premium experience for our guests. Checkout.com’s global acquiring capabilities and payments expertise will help us simplify complexity, improve performance and build a stronger foundation for our next phase of growth.”

Yao Xiang, Head of Commercial, Greater China and Southeast Asia at Checkout.com, said: “Hospitality businesses operate across complex payment flows, markets and currencies, while guests expect every payment to be simple and secure. We’re proud to partner with Minor Hotels as it continues to grow globally, bringing together our local acquiring capabilities, payment optimization technology and dedicated expertise to help its team improve performance and deliver better guest experiences.”

About Checkout.com

Checkout.com processes payments for thousands of companies that shape the digital economy. Our global digital payments network supports over 145 currencies and delivers high-performance payment solutions across the world, processing billions of transactions annually. In 2025, Checkout.com processed more than $300bn in ecommerce payments volume.

We help enterprise merchants boost acceptance rates, combat fraud, and turn payments into a major revenue driver. Headquartered in London and with 19 offices worldwide, Checkout.com is trusted by leading brands such as Spotify, HelloFresh, eBay, Uber, Pinterest, Vinted, Klarna, Financial Times, and Sony.

Checkout.com. Where the world checks out.

About Minor Hotels

Minor Hotels is a global leader in the hospitality industry with more than 640 hotels, resorts and branded residences in operation and committed development across 67 countries. The group crafts innovative and insightful experiences through its hotel brands including Anantara, Elewana Collection, The Wolseley Hotels, Tivoli, Minor Reserve Collection, NH Collection, nhow, Avani, Colbert Collection, NH, Oaks, and iStay, as well as a diverse portfolio of restaurants and bars, travel experiences, and spa and wellness brands. With over four decades of expertise, Minor Hotels builds stronger brands, fosters lasting partnerships, and drives business success by always focusing on what matters most to our guests, team members and partners.

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SOURCE Checkout.com

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AWOL Vision Debuts LuxVision at IFA 2026: World’s First 4K 120Hz UST with Optical Shift

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Engineered for premium home entertainment, AWOL Vision’s new flagship ultra-short-throw projector delivers 4K 120Hz performance, 6,000 ISO lumens of brightness, optical lens shift, and intelligent setup.

BERLIN, Sept. 3, 2026 /PRNewswire/ — AWOL Vision, a global home entertainment brand delivering immersive audiovisual experiences through large-format displays, home cinema technology, and connected entertainment—makes its first appearance following a refreshed global brand identity unveiled in June 2026. Centered around its new vision, “Bring Wonder Home,” this milestone unites the AWOL Aetherion UST series and AWOL Valerion long-throw series under one cohesive AWOL Vision brand framework.

Nothing between you and the moment
At the heart of the LuxVision is 4K at 120 frames per second. It processes nearly one billion pixels per second to display fast-paced scenes with sharp, smooth, and rich detail. Gamers also benefit from an input lag of just 1 ms, ALLM, VRR, and Dolby Vision Gaming. Three HDMI 2.1 ports, a DisplayPort, and 4-channel HDMI Multiview allow you to connect multiple screens and sources simultaneously.

Maximum Flexibility and Design
A throw ratio of 0.18:1 transforms a surface into a cinema screen of up to 200 inches even at extremely short distances, while vertical optical lens shift enables precise image positioning at the touch of a button—while fully preserving true 4K detail sharpness. A motorized lens cover and a stray-light-free lens ensure a pure, precise, and distortion-free image. At the same time, customizable CMF options (color, material, finish) allow for elegant integration into any living space.

Brilliant Image Quality and Laser Technology
With 6,000 ISO lumens (RGB triple laser), the projector ensures vivid images even in bright daylight or during a movie night at home (110% Rec. 2020). Dynamic tone mapping, a 7-step iris, and support for Dolby Vision, IMAX Enhanced, Filmmaker Mode, and 3D guarantee a true cinematic experience. AWOL’s 2nd-generation Anti-RBE technology minimizes rainbow effects and visual fatigue.

True immersion removes every distraction. With LuxVision, there is Nothing Between You and the Moment.

Price and Availability

MSRP: $5,999 / €5,999 / £4,999
Launch Time: Around October
Booth: H22-113

Check out more photos of the AWOL LuxVision here.

About AWOL Vision

Founded in 2020, AWOL Vision is a home entertainment brand focused on delivering immersive audiovisual experiences through large-format display solutions, home theater technologies, and connected entertainment products. For more information, visit  www.awolvision.com.

PR contact: pr@awolvision.us 

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