A new report by Allied Market Research has projected that the global tax advisory services market will reach $97.1 billion by 2032. The market is expected to grow at a CAGR of 11.2% from 2022 to 2031. The report provides an in-depth analysis of the market, including key players, market size estimations, value chain, drivers, and opportunities.

The report identifies Accenture Inc., Aon PLC, Bank of America Corporation, Citigroup Inc., CGI, Inc., Cognizant, CSC Consulting Services, CREDIT SUISSE GROUP AG, Deloitte, Goldman Sachs, JPMorgan Chase & Co., Morgan Stanley, Northern Trust Corporation, PwC, Wells Fargo, Tax scouts, and Taxfyle as key players in the market.

Based on type, the direct tax advisory segment held the largest market share in 2021 and is expected to maintain its leadership status during the forecast period. The indirect tax advisory segment is projected to have the fastest growth rate.

In terms of organization size, large enterprises held the major market share in 2021 and are expected to continue their dominance. However, small and medium-sized enterprises are expected to grow at the fastest rate during the forecast period.

Overall, the tax advisory services market is poised for significant growth in the coming years, driven by evolving market trends and increasing demand for tax expertise.