Tax and Accounting Information Publishers Expected to Gain Strong Momentum

Press Release
Oct 25, 2022

News Release

For IMMEDIATE RELEASE

Please direct all media inquiries to:

Corinne Gangloff

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Tax and Accounting Information Publishers Expected to Gain Strong Momentum

Rockville, Md.- October 25, 2022

Simba Information released a new report, the Global Tax, Accounting, and Business Information Publishing Market 2022-2026, with a focus on the dynamic tax and accounting segment.  

In 2021, the top competitors in the tax, accounting, and business information publishing market, generated revenue of $28.9 billion, up 10.5% over 2020. This report examines how the dominant competitors are performing in the market.

Analysis of the market structure, drivers, and leading competitors forms the foundation of the report: encompassing market performance, marketing strategies, acquisitions and divestitures, and new products. The reader will gain a deeper understanding of the largest competitors, as well as challengers and disruptors.

The report assesses the impact of trends emerging in the market. Tax and accounting professionals will face disruption from government policies and taxation in the U.S. and globally. In particular, readers can learn about the market impact of the sharp rise in sales taxes in the U.S. and in OECD markets. In the U.K., the government’s rollout of digitization of tax collection is on the radar as an opportunity to increase adoption of cloud solutions.   

The new Simba report provides in-depth analysis of innovation strategies employed by top competitors, showing how major competitors are fueling growth. This market report reviews the growing application of artificial intelligence, machine learning, and natural language processing in new platforms, tools, and solutions. 

M&A activity is an essential growth driver in this category. The new Simba report outlines how this activity is reshaping the competitive landscape and delves into the mega-merger of S&P Global and IHS Markit, and its impact on the category.

Elsewhere in the report, the reader will find insights about product customers, trends in product use, geographic skews, product formats, and challenges facing the industry. The report closes with Simba’s near-term outlook for key competitors, and a forecast for product segments and the overall category over the 2022-2026 period. Simba forecasts that the tax, accounting, and business information publishing market will reach $51.0 billion by 2026, driven by growth in the platforms/tools & solutions segment.

Covered in the new report is a selection of important competitors, including Gartner, LexisNexis Risk Solutions, S&P Global, IHS Markit, Intuit, Kantar, Sage Group, Wolters Kluwer, Thomson Reuters, Dow Jones, Xero, Harvard Business Publishing, Haufe Group, Wiley, and Bloomberg Tax.

About Simba Information

Simba Information is widely recognized as the authority for market intelligence in the media and publishing industries. Its extensive information network delivers top quality, independent perspectives on the people, events and alliances shaping the industry. Simba routinely assists clients and the press with publishing and media industry analysis. Follow us on Twitter and LinkedIn.

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