Market Overview:
The global IFTA software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for tax compliance and automation solutions among enterprises, especially small and medium-sized enterprises (SMEs). Additionally, the growing trend of cloud-based deployment is also contributing significantly to the growth of this market. On the basis of type, the global IFTA software market can be segmented into cloud-based and on-premises solutions. Cloud-based solutions are witnessing higher adoption rates than on-premises solutions due to their lower costs and easy scalability. On account of these factors, cloud-based solutions are expected to witness higher growth rates during the forecast period. Based on application, the global IFTA software market can be segmented into large enterprises and SMEs. Large enterprises are expected to account for a larger share of this market in terms of revenue owing to their greater need for tax compliance and automation solutions than SMEs.
Product Definition:
IFTA Software is used to calculate and submit IFTA fuel tax returns. The software is important because it ensures that returns are filed correctly and on time.
Cloud-Based:
Cloud-based is a software model which involves shared hardware and software infrastructure. It's an online service that provides shared computer resources to multiple users. Cloud-based solutions are gaining popularity due to the growing trend of data sharing among organizations, easy accessibility from any place, and cost effectiveness for large enterprises as well as small & medium businesses (SMBs).
On-Premises:
On-premises is a term used for software or applications installed on the end user's computers, servers, etc. as opposed to cloud-based solutions. On-premises software solutions are generally termed as “shrinkwrap” software since they are installed in an unbranded or generic form and then customized by the organization according to its needs.
Application Insights:
The large enterprises segment dominated the global IFTA software market in 2017, accounting for over 60% of the revenue share. The segment is expected to witness significant growth over the forecast period owing to increasing adoption of IFTA software by large enterprises as a part of their digital transformation initiatives. Furthermore, growing demand for customized solutions and advanced features offered by enterprise-level solutions are further driving the market.
SMEs accounted for more than 40% of total revenue share in 2017 due to increased usage and adoption across various industries such as retail, telecom & IT, BFSI and others.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growth can be attributed to the presence of a large number of multinational companies and high adoption rate for advanced technologies among enterprises. Moreover, increasing focus on reducing tax avoidance by governments is also expected to drive demand for IFTAs over the forecast period.
The Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increasing government spending on infrastructure development coupled with rising investments from private players in this region. Increasing use of cloud-based IFTA software by small & medium enterprises (SMEs) and rapidly growing e-commerce sector are other factors driving regional market growth.
Growth Factors:
- Increasing demand for IFTA software from small and medium-sized businesses (SMBs) due to the benefits of automation and economies of scale.
- The increasing trend of cloud-based deployment models, which is benefiting the growth of the IFTA Software market as it offers several advantages such as scalability, low cost, and easy access to updates.
- Proliferation of mobile devices has led to an increase in demand for mobile-friendly IFTA software that can be accessed from anywhere at any time.
- Rising adoption of big data and analytics by enterprises is resulting in increased demand for IFTA software that can help organizations make better decisions by analyzing large amounts of data quickly and efficiently.
Scope Of The Report
Report Attributes
Report Details
Report Title
IFTA Software Market Research Report
By Type
Cloud-Based, On-Premises
By Application
Large Enterprises, SMEs
By Companies
Samsara, Dossier Systems, Verizon Connect, WorkWave, EYERIDE, TracxSystems, ClearPathGPS, Axon Software, Quickbase, High Point GPS, FleetUp, HCSS, EcoTrack Fleet Management, DENTED Development, Linxup, NexTraq, Spireon, Trimble Transportation, Collective Data, Degama Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global IFTA Software Market Report Segments:
The global IFTA Software market is segmented on the basis of:
Types
Cloud-Based, On-Premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises, SMEs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Samsara
- Dossier Systems
- Verizon Connect
- WorkWave
- EYERIDE
- TracxSystems
- ClearPathGPS
- Axon Software
- Quickbase
- High Point GPS
- FleetUp
- HCSS
- EcoTrack Fleet Management
- DENTED Development
- Linxup
- NexTraq
- Spireon
- Trimble Transportation
- Collective Data
- Degama Systems
Highlights of The IFTA Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-Based
- On-Premises
- By Application:
- Large Enterprises
- SMEs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IFTA Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IFTA Software is a software development company that specializes in developing video content management systems (VCMS).
Some of the major companies in the ifta software market are Samsara, Dossier Systems, Verizon Connect, WorkWave, EYERIDE, TracxSystems, ClearPathGPS, Axon Software, Quickbase, High Point GPS, FleetUp, HCSS, EcoTrack Fleet Management, DENTED Development, Linxup, NexTraq, Spireon, Trimble Transportation, Collective Data, Degama Systems.
The ifta software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IFTA Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 IFTA Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IFTA Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the IFTA Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global IFTA Software Market Size & Forecast, 2018-2028
4.5.1 IFTA Software Market Size and Y-o-Y Growth
4.5.2 IFTA Software Market Absolute $ Opportunity
Chapter 5 Global IFTA Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 IFTA Software Market Size Forecast by Type
5.2.1 Cloud-Based
5.2.2 On-Premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IFTA Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 IFTA Software Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 SMEs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IFTA Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IFTA Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America IFTA Software Analysis and Forecast
9.1 Introduction
9.2 North America IFTA Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America IFTA Software Market Size Forecast by Type
9.6.1 Cloud-Based
9.6.2 On-Premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America IFTA Software Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 SMEs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe IFTA Software Analysis and Forecast
10.1 Introduction
10.2 Europe IFTA Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe IFTA Software Market Size Forecast by Type
10.6.1 Cloud-Based
10.6.2 On-Premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe IFTA Software Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 SMEs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific IFTA Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IFTA Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific IFTA Software Market Size Forecast by Type
11.6.1 Cloud-Based
11.6.2 On-Premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific IFTA Software Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 SMEs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America IFTA Software Analysis and Forecast
12.1 Introduction
12.2 Latin America IFTA Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America IFTA Software Market Size Forecast by Type
12.6.1 Cloud-Based
12.6.2 On-Premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America IFTA Software Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 SMEs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) IFTA Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IFTA Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) IFTA Software Market Size Forecast by Type
13.6.1 Cloud-Based
13.6.2 On-Premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) IFTA Software Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 SMEs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IFTA Software Market: Competitive Dashboard
14.2 Global IFTA Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Samsara
14.3.2 Dossier Systems
14.3.3 Verizon Connect
14.3.4 WorkWave
14.3.5 EYERIDE
14.3.6 TracxSystems
14.3.7 ClearPathGPS
14.3.8 Axon Software
14.3.9 Quickbase
14.3.10 High Point GPS
14.3.11 FleetUp
14.3.12 HCSS
14.3.13 EcoTrack Fleet Management
14.3.14 DENTED Development
14.3.15 Linxup
14.3.16 NexTraq
14.3.17 Spireon
14.3.18 Trimble Transportation
14.3.19 Collective Data
14.3.20 Degama Systems
