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Industry Landscape
Total Assets Under Management (AUM)
in
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( CAGR)
Total Addressable Market
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Tax Compliance
AI and machine learning automate tax calculations, improve accuracy, and enable predictive analytics for tax planning.
Blockchain in Taxation
Blockchain technology ensures secure and transparent tax-related data management, reducing fraud and enhancing auditability.
Robotic Process Automation (RPA)
Robotic Process Automation (RPA) automates repetitive tasks in tax compliance, such as data entry and report generation, improving efficiency and reducing errors.
Impactful Policy Frameworks
South Dakota v. Wayfair (2018)
The U.S. Supreme Court ruled that states can require businesses with no physical presence in the state to collect and remit sales tax, based on economic activity or nexus thresholds.
This expands Avalara's market by requiring more online sellers to collect sales tax, increasing the demand for compliance solutions.
Marketplace Facilitator Laws (Varying by State, 2019 onwards)
Various states have enacted marketplace facilitator laws, requiring online marketplaces to collect and remit sales tax on behalf of their third-party sellers.
It necessitates Avalara to offer solutions that help businesses track and comply with marketplace facilitator laws, potentially increasing platform complexity.
Digital Services Taxes (Various Countries, 2020 onwards)
Many countries are implementing digital services taxes on revenue generated by large digital companies operating within their jurisdiction, impacting businesses involved in online advertising, social media, and e-commerce.
It could drive more businesses to seek Avalara’s solutions to accurately manage and report digital services taxes, expanding the company's service offerings and revenue.
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