The retail sector continuously experiences the emergence of advanced technological solutions to increase efficiency. The market players operating in this sector maintain an enormous quantity of sensitive data that varies from the financial statement, invoices, legal contracts, emails, to receipts. The retail sector has experienced tremendous transformation, with the single major disrupter such as online shopping. Retail leadership also face increasing pressures from stakeholders to display higher returns. With solution maturity and pricing being no longer a barrier, they are encouraging automated systems to enhance the order accuracy, optimize the business and upsurge throughput. Tax automation is a key part of the equation in the retail sector.
Wolters Kluwer; Thomson Reuters; Avalara; Sovos Compliance; and Vertex – Prominent Market Participants in Europe Tax Software Market
Wolters Kluwer; Thomson Reuters; Avalara; Sovos Compliance; and Vertex are some of the key market players operating in the Europe Broadcast Infrastructure market. The listing of key players is derived by considering multiple factors such as overall revenue, current Broadcast Infrastructure product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the Europe Broadcast Infrastructure ecosystems which were studies analyzed during the course of this market research study, such as, APEX Analytix; Chetu, Inc.; H & R Block; Intuit Inc.; Sage Group PLC; Xero Limited and amongst others.
Most of the market initiatives were expansion strategies, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
| Year | News | Region |
| 2021 | Avalara Inc., a leading cloud-based tax compliance automation solution for organisations of all sizes, today unveiled a suite of new tax compliance automation products and services aimed exclusively towards accountants. | North America |
| 2021 | DAVO Technologies LLC, a firm that helps emerging small businesses automate the daily and continuing obligations for sales tax, has been purchased by Avalara (NYSE: AVLR), a prominent provider of tax compliance automation for businesses of all sizes. | North America |
| 2021 | Avalara, Inc. a leading provider of cloud-based tax compliance automation for businesses of all kinds, recently announced new integrations for Avalara CertCapture and Avalara AvaTax Cross-Border with Magento, part of Adobe Experience Cloud. Avalara CertCapture makes it easier for businesses to gather and track client tax exemption documents at the point of sale. | North America |
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