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Sales Tax Software Market to Reach $17.2 Billion, Globally, by 2033 at 9.5% CAGR: Allied Market Research

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The global sales tax software market is experiencing growth due to several factors such as the shift towards automation and integration, increase in demand for streamlined tax processes, and surge in demand for IoT devices. 

NEW CASTLE, Del., Aug. 15, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Sales Tax Software Market by Solution (Consumer Use Tax Management, Tax Filings and Others), Deployment Mode (On-Premises and Cloud), and Industry Vertical (BFSI, Transportation, Retail, IT and Telecom, Healthcare and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the sales tax software market was valued at $6.9 billion in 2023, and is estimated to reach $17.2 billion by 2033, growing at a CAGR of 9.5% from 2024 to 2033.

Prime determinants of growth 

The sales tax software market is gaining traction due to the shift towards automation and integration, driven by rise in demand for streamlined tax processes and availability of cloud-based solutions at competitive prices. These factors are fostering growth in the market, with focus on simplifying tax calculations, management, and reporting through advanced software solutions like consumer use tax management and tax filing. Moreover, the market is witnessing rise in demand for IoT devices, further propelling the adoption of sales tax software to enhance operational efficiency and accuracy in tax-related tasks. On the contrary, growing emphasis on regional integration and harmonization of tax legislation, with rise in demand for accessible and cost-effective platforms is expected to provide lucrative growth opportunities to the sales tax software market. 

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Report Coverage and Details

Report Coverage 

Details 

Forecast Period 

2024–2032 

Base Year 

2023

Market Size in 2023 

$6.9 billion 

Market Size in 2032 

$17.2 billion 

CAGR 

9.5 %

No. of Pages in Report 

254

Segments Covered 

Solution, Deployment Mode, Industry Vertical, and Region. 

Drivers 

Shift towards automation and integration Increase in demand for streamlined tax processes Surge in demand for IoT devices 

 

Opportunities 

•  Growing emphasis on regional integration and harmonization of tax legislation

Restraint 

•  Substantial initial investments and the need for specialized skill sets 

 

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Segment Highlights 

By solution, the consumer use tax management is expected to dominate the market during the forecasted period. The consumer use tax management segment is driven by the growing need for businesses to accurately track and report consumer use taxes, which are often overlooked or underreported. Sales tax software solutions that offer robust consumer use tax management capabilities enable companies to automate the calculation, reporting, and filing of these taxes, ensuring compliance and reducing the risk of penalties. 

By deployment mode, the on-premises segment is driven by the preference of some organizations, particularly larger enterprises, to maintain control over their tax data and infrastructure. On-premises solutions offer customization options and integration with existing systems, making them appealing to businesses with specific requirements or concerns about data security and privacy. 

On the basis of industry vertical, the retail segment is dominating the market due to the high volume of transactions and the complexity of sales tax calculations in the industry. As e-commerce continues to grow, retailers require efficient and accurate sales tax software to manage their tax obligations across multiple jurisdictions and channels. The adoption of sales tax software helps retailers streamline their tax processes, reduce errors, and ensure compliance with evolving regulations. 

Regional Outlook 

The growth of the sales tax software market in North America is primarily driven by the region’s high levels of transaction quantities and values, leading to complex tax filing processes. The presence of numerous tax software providers such as Avalara, Sage Group Plc, Thomson Reuters Corp, and Xero Ltd. offers advanced solutions for efficient and error-free tax filing. In addition, rise in adoption of artificial intelligence (AI) solutions among businesses and individuals fuels the demand for AI-based tax software solutions, further propelling the market growth in North America. 

However, in Asia-Pacific, the growth of the sales tax software market is fueled by the region’s focus on smart city projects and government initiatives that necessitate efficient tax management solutions. Rise in adoption of sales tax software in smart city programs and city surveillance projects is a key driver. Moreover, the presence of many third-party sellers and system integrators in the region, coupled with the rapid demand for sales tax software across various industries, including BFSI, transportation, retail, healthcare, and manufacturing, contributes to the market growth in Asia-Pacific. 

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Major Industry Players

APEX Analytix, LLC Avalara Inc. Intuit Inc. LumaTax, Inc. Ryan, LLC Sage Intacct, Inc. Sales Tax DataLINK Sovos Compliance, LLC Thomson Reuters Vertex, Inc. 

The report provides a detailed analysis of these key players in the global sales tax software market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Recent Development

In April 2023, Taxually, one of the leading European cloud-native VAT software providers, announced that California-based LumaTax joined its family of Enterprise-grade automated tax software solutions. This acquisition enables Taxually to accelerate growth globally across both Enterprise and E-commerce segments and to further expand its leading indirect tax product suite. In April 2021, Intuit ProConnect, from Intuit Inc., announced its partnership with Practice Ignition (PI) to increase productivity for tax professionals. Practice Ignition, an automated proposal and payment management software that eliminates administrative tasks, works in tandem with Intuit professional tax products, allowing for a better end-to-end workflow for tax professionals. 

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Amber International Holding Limited Files 2025 Annual Report on Form 20-F

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SINGAPORE, May 13, 2026 /PRNewswire/ — Amber International Holding Limited (Nasdaq: AMBR) (“Amber International”,  “we,” “us,” or the “Company”), a leading provider of institutional crypto financial services and solutions and operating under the brand name “Amber Premium”, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission (the “SEC”) on May 13, 2026 U.S. Eastern Time.

The Company’s annual report on Form 20-F, which contains its audited consolidated financial statements, can be accessed on the SEC’s website at www.sec.gov as well as on the Company’s investor relations website at www.ir.ambr.io. The Company will provide a hard copy of its annual report, which contains its audited consolidated financial statements, free of charge to its shareholders and holders of American depositary shares representing its Class A ordinary shares upon request. Requests should be directed to ir@ambr.io.

About Amber International Holding Limited

Amber International Holding Limited (Nasdaq: AMBR), operating under the brand name “Amber Premium,” is a global leading digital wealth management platform. As a private banking grade expert in digital wealth management and a subsidiary of Amber Group, Amber Premium is a trusted partner to high-net-worth individuals and leading institutions, delivering institutional-grade market access, execution infrastructure, and investment solutions. The firm is set to redefine the digital wealth management landscape, serving as a proven Nasdaq-listed gateway to digital assets. Learn more at www.ambr.io.

Media & Investor Contacts

In Asia:
Amber International Holding Limited
Media Relations Team
Phone: +65 6022 0228
E-mail: pr@ambr.io | ir@ambr.io

In the United States:
International Elite Capital Inc.
Annabelle Zhang
Tel: +1 (646) 866-7928
E-mail: amber@iecapitalusa.com

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SOURCE Amber International Holding Limited

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Strengthening Calgary’s workforce to deliver more homes

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CALGARY, AB, May 13, 2026 /CNW/ – In Budget 2025, we outlined our plan to build Canada Strong.

The Spring Economic Update 2026 is the next step in our plan to build Canada Strong for All.
It provides a clear update on the strength of Canada’s economy, giving Canadians confidence in our plan. It delivers targeted relief to make life more affordable, support workers and accelerate the construction of homes and major infrastructure. It also strengthens Canada’s competitiveness and economic growth while investing in strong, safe communities across the country.

Today, Corey Hogan, Parliamentary Secretary to the Minister of Energy and Natural Resources and Member of Parliament for Calgary Confederation, hosted a roundtable with local community housing partners to highlight housing measures from the Spring Economic Update 2026 that will help build more homes in Calgary by growing the skilled workforce, speeding up construction and supporting modern methods of construction.

The Spring Economic Update takes a practical, co-ordinated approach to housing, bringing together workforce investments and targeted measures to help projects move faster from planning to construction.

A cornerstone of this approach is $6 billion to recruit, train and hire skilled trades workers across Canada. These investments ensure communities have the electricians, carpenters, welders and construction workers needed to build homes for Canadians. This creates good-paying jobs and careers in the skilled trades as we push to build with more Canadian labour and materials.

We’re pairing workforce investments with targeted measures to move projects faster from financing to construction. The Spring Economic Update accelerates more than $7 billion in low-cost loans through the Apartment Construction Loan Program, supporting the construction of up to 16,500 new rental homes and helping bring much–needed supply to market sooner.

These efforts are reinforced by a $41.9-million investment over five years, starting in 2026–2027, to modernize and innovate Canada’s homebuilding system. This funding will streamline regulations and update National Model Codes in collaboration with provinces and territories — cutting red tape and eliminating duplicate inspections, as well as streamlining modular and factory–built housing. Together, in Alberta and across Canada, these measures also create the opportunity to build with materials that help grow our economy and support local jobs, like Canadian lumber, aluminum and steel.

Our new government is building a Canada that is not just strong, but good; not just prosperous, but fair; a Canada that is not just for some, most of the time, but for all, at all times. We’re building Canada strong, for all.

Quotes

“Solving Canada’s housing challenge means building faster — and that starts with up-skilling our workforce to deliver affordable new homes in Alberta and beyond. Through the Spring Economic Update, our government is investing so homes can move from planning to construction faster. Here in Calgary, these investments will help create good-paying jobs, strengthen our local economy and deliver the homes families need now and in the future.”

Corey Hogan, Parliamentary Secretary to the Minister of Energy and Natural Resources and Member of Parliament for Calgary Confederation

Quick Facts

The Spring Economic Update 2026 builds on recent action — including $1.7 billion through the Improving Housing Supply Act — to cut red tape, lower costs and speed up homebuilding.$41.9 million over five years (starting 2026–2027) will modernize homebuilding by streamlining regulations and National Model Codes; enabling faster approvals for modular and factory–built housing; accelerating adoption of innovative construction methods; and improving housing data to support faster delivery.The government intends to unlock financing for “missing middle” housing by expanding mortgage insurance for three– to eight–unit residential buildings, with a 30–day consultation to follow.Team Canada Strong will invest up to $6 billion over five years to grow the skilled trades workforce — supporting apprentices end–to–end and cutting the time to Red Seal certification by up to 50 percent.Working alongside a comprehensive suite of federal housing measures, Build Canada Homes is providing tailored support to quickly address varying housing needs across the country.

Associated Links

Spring Economic Update 2026: Canada Strong for AllSpring Economic Update 2026: Key MeasuresSpring Economic Update 2026: Address by the Minister of Finance and National Revenue

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SOURCE Natural Resources Canada

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Ownwell and San Antonio Spurs Honor 2025-26 Community Champions and Expand Property Tax Education Across Bexar County

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Eight local heroes recognized at Frost Bank Center during a landmark Spurs season, as Ownwell deepens its commitment to San Antonio homeowners

SAN ANTONIO, May 13, 2026 /PRNewswire/ — As the San Antonio Spurs close out a strong season, finishing the 2025-26 regular season 62-20, capturing their first division title since 2017, and now competing in the NBA Playoffs, Ownwell is proud to announce the return of its Community Champions program for a second consecutive year in partnership with Spurs Sports & Entertainment.

This season, Ownwell and the Spurs honored eight extraordinary San Antonio residents whose dedication to their community exemplifies the same spirit of resilience and service the Silver and Black have always embodied. Community Champion Honorees were celebrated on the Frost Bank Center court during halftime at various Spurs home games, and each honoree received $1,000 toward their property tax bill, courtesy of Ownwell.

Meet the 2025-26 Ownwell Community Champions
This year’s honorees represent the full breadth of what it means to serve San Antonio, from first responders and educators to caregivers and coaches who refused to let their community down:

Christopher S. – A first responder with the Bexar County Sheriff’s Office, entering his fifth year of service, Christopher puts his life on the line daily to protect Bexar County residents.

Sabrina R. – A 911 operator for the City of San Antonio Police Department with nearly nine years of service, Sabrina is the calm voice in a crisis. She and her family also quietly feed the unhoused — modeling for her children the power of giving back.

Amanda G. – When a young teammate on her daughter’s basketball team tragically passed away, Amanda stepped up to coach five grieving girls, ages 7-9, through the remainder of the season. The team advanced all the way to the Spurs Youth Basketball League citywide championship, earning second place. A true testament to Amanda’s heart, leadership, and resilience.

Krystal A. – A hospice worker of extraordinary compassion, Krystal has walked alongside patients and their families during life’s most difficult transitions, earning the deep gratitude of those she serves.

Margaret B. – An educator at Brackenridge High School for over 13 years, Margaret provides high-quality art instruction in 3-D Design, sculpture, and ceramics. She also hosts a weekly art club and runs an annual art showcase that opens her classroom to the entire community.

Raymond G. – A Parks Operations Supervisor for the City of San Antonio, Raymond works behind the scenes to ensure that every park in the city is clean, safe, and welcoming for the families who depend on those spaces every day.

Heather G. – She dedicated the past year to caring for her brother as he battled stage 4 glioblastoma, supported their family through unimaginable hardship, and now continues to raise awareness for the disease in his memory following his passing in September 2025. Heather’s love and sacrifice reflect the quiet heroism that sustains entire families.

Pauline B. – A hospice worker of extraordinary compassion, Pauline has walked alongside patients and their families during life’s most difficult transitions, earning the deep gratitude of those she serves. Her story of service inspired a special additional honor from Ownwell this year (see below).

Partnership Rooted in Community Service
“The success of this partnership reflects a clear purpose to educate and empower local homeowners while recognizing the leaders who make our community stronger,” said Frank Miceli, chief commercial officer for Spurs Sports & Entertainment. “When we align around a shared mission like this, the results extend far beyond business—they’re felt in every neighborhood across San Antonio.”

The Spurs’ remarkable 2025-26 season, which included the franchise’s best-ever start at 5-0, an 11-game winning streak in February, and a Southwest Division championship, provided the perfect backdrop for a program built on recognizing extraordinary effort With this strong showing, the Spurs energy this season has been a rising tide lifting the entire city.

Closing the Property Tax Knowledge Gap in Bexar County
Alongside the Community Champions program, Ownwell continued to host free property tax education events across San Antonio throughout the 2025-26 season. These Lunch & Learn sessions empowered homeowners to understand how property appraisals work, when and how to file an appeal, and which exemptions may be available to them.

The need is significant. In 2025, more than 490,000 Bexar County homeowners did not protest their property tax assessments, a missed opportunity that Ownwell estimates could have collectively saved those residents more than $126.5 million. To date, Ownwell has helped reduce tax bills for more than 38,000 Bexar County properties, generating over $12 million in savings for local homeowners.

“Every homeowner in Texas deserves a fair shot at lowering their property tax bill,” said Sam Sosa, Senior Property Tax Manager at Ownwell. “Through these events and programs, we’ve helped thousands of families understand their rights and navigate the system with confidence. The Community Champions remind us why this work matters — these are real people, real neighbors, and real stories.”

What Homeowners Should Know
With the May 15th appeal deadline fast approaching, Ownwell encourages Texas homeowners to take action. Here are three key reminders:

Learn the process. Understanding your rights and how the property tax system works is the first step to saving money.Track your property value. Keep an eye on your annual appraisal and tax bill to spot unexpected changes. A lower assessment doesn’t mean it’s accurate.Get support. Whether it’s through Ownwell, your local appraisal district, or a legal professional, don’t hesitate to ask for help if your property valuation seems too high.

To learn more or get started with your own property tax appeal, visit www.Ownwell.com.

 

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SOURCE Ownwell

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