
Travel and Expense Management Software Market Size, Share, and Analysis, By Deployment (Cloud and On-premises), By Enterprise Type (Large Enterprise and Small & Medium Enterprise), By Industry (Healthcare, BFSI, IT & Telecom, Education, Manufacturing, Ret
Description
Travel and Expense Management Software Market Size, Share, and Analysis, By Deployment (Cloud and On-premises), By Enterprise Type (Large Enterprise and Small & Medium Enterprise), By Industry (Healthcare, BFSI, IT & Telecom, Education, Manufacturing, Retail and E-commerce and Others) and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
Travel and Expense Management Software Market Size, Share, and Analysis, By Deployment (Cloud and On-premises), By Enterprise Type (Large Enterprise and Small & Medium Enterprise), By Industry (Healthcare, BFSI, IT & Telecom, Education, Manufacturing, Retail and E-commerce and Others) and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Travel and Expense Management Software Market is anticipated to grow at a CAGR of 13.4% in the forecast period (2024-2034), with the market size valued at USD 5.5 billion in 2023 and projected to reach USD 21.9 billion by 2034.
Travel and Expense Management Software refers to technological solutions which are designed in order to make the process associated with business travel and expenses more smooth and efficient. These software facilitates organizations with various tools in order to manage various aspects of travel, such as booking arrangement, tracking expenses which all falls in line with company policies and regulatory requirements. This software generally includes features like travel booking, receipt scanning and providing analytics for better financial results. The Travel and Expense Management Software Market is improving with ongoing technological developments, with increased focus on features such as artificial intelligence and cloud based deployments. Companies that operate in this segment are often competing to offer better user-friendly interfaces, robust functions and better integration capabilities to meet the essential needs of businesses.
MARKET HIGHLIGHTS
Travel and Expense Management Software Market is anticipated to reach USD 21.9 billion, growing at a CAGR of 13.4% during the forecast period owing to the increasing complexities in business travel and heightened use of automated solutions for better expense tracking and reporting. Travel Expense Management software are generally available in both Cloud and On-premise variants, with cloud services dominating the market sphere due to their better flexibility in usage from around any corner of the globe with internet connectivity. This software’s are actively used by large and small & medium size businesses to manage and calculate their necessary expenses regarding organizational travel and provide a better analysis and solutions regarding them. Industries such as Healthcare, BFSI, IT & Telecom, Education, Manufacturing, Retail and E-commerce and Others are the businesses that take help of Travel and Expense Management Software’s for efficient management of their business related travel expenses. As the travel among corporation employees increases, the demand for Travel and Expense Management Software will rise sharply, due to their improved.
Travel and Expense Management Software Market Segments:
- By Deployment
- Cloud
- On-premises
- By Enterprise Type
- Large Enterprise
- Small & Medium Enterprise
- By Industry
- Healthcare
- BFSI
- IT & Telecom
- Education
- Manufacturing
- Retail and E-commerce
- Others
Growth Drivers
Increase In Business Travel Post-Pandemic Heightened The Whole Market Demand
Need For Cost Control And Budget Compliance Enhances Market Development
Restraint
Data Security Risks And Privacy Concerns May Hinder Total Market Growth
Key Players
- SAP Concur
- Coupa Travel & Expense
- Certify Expense Management
- Expensify
- Rydoo
- Zoho Expense
- Chrome River Expense
- SAP Fieldglass Travel and Expense
- Oracle Cloud Expense
- TravelPerk
- TripActions
- Deel
- Divvy
- Airbase
- Emburse
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
Table of Contents
463 Pages
- 1. Executive Summary
- 1.1. Regional Market Share
- 1.2.Business Trends
- 1.3. Travel and Expense Management Software Market: COVID-19 Outbreak
- 1.4. Regional Trends
- 1.5. Segmentation Snapshot
- 2. Research Methodology
- 2.1.Research Objective
- 2.2. Research Approach
- 2.3. Data Sourcing and Methodology
- 2.4.Primary Research
- 2.5.Secondary Research
- 2.5.1.Paid Sources
- 2.5.2. Public Sources
- 2.6. Market Size Estimation and Data Triangulation
- 3. Market Characteristics
- 3.1.Market Definition
- 3.2.Travel and Expense Management Software Market: COVID-19 Impact
- 3.3. Key Segmentations
- 3.4.Key Developments
- 3.5.Allied Deployment Data
- 4.Travel and Expense Management Software Market –Industry Insights
- 4.1. Industry Segmentation
- 4.2.COVID-19 overview on world economy
- 4.3.Industry ecosystem Channel analysis
- 4.4.Innovation & Sustainability
- 5. Macroeconomic Indicators
- 6. Recent Developments
- 7. Market Dynamics
- 7.1.Introduction
- 7.2. Growth Drivers
- 7.3. Market Opportunities
- 7.4.Market Restraints
- 7.5. Market Trends
- 8.Risk Analysis
- 9. Market Analysis
- 9.1.Porters Five Forces
- 9.2. PEST Analysis
- 9.2.1.Political
- 9.2.2. Economic
- 9.2.3. Social
- 9.2.4. Technological
- 10.Travel and Expense Management Software Market
- 10.1.Overview
- 10.2. Historical Analysis (2019-2022)
- 10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
- 11. Travel and Expense Management Software Market Size & Forecast 2024A-2034F
- 11.1. Overview
- 11.2.Key Findings
- 11.3.Market Segmentation
- 11.3.1.By Deployment
- 11.3.1.1. Cloud
- 11.3.1.1.1.By Value (USD Million) 2024-2034F
- 11.3.1.1.2. Market Share (%) 2024-2034F
- 11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.1.2. On-premises
- 11.3.1.2.1. By Value (USD Million) 2024-2034F
- 11.3.1.2.2.Market Share (%) 2024-2034F
- 11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
- 11.3.2. By Enterprise Type
- 11.3.2.1.Large Enterprises
- 11.3.2.1.1. By Value (USD Million) 2024-2034F
- 11.3.2.1.2.Market Share (%) 2024-2034F
- 11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
- 11.3.2.2.Small & Medium Enterprises
- 11.3.2.2.1.By Value (USD Million) 2024-2034F
- 11.3.2.2.2. Market Share (%) 2024-2034F
- 11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3. By Industry
- 11.3.3.1.Healthcare
- 11.3.3.1.1. By Value (USD Million) 2024-2034F
- 11.3.3.1.2.Market Share (%) 2024-2034F
- 11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
- 11.3.3.2.BFSI
- 11.3.3.2.1.By Value (USD Million) 2024-2034F
- 11.3.3.2.2. Market Share (%) 2024-2034F
- 11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3.3.IT & Telecommunication
- 11.3.3.3.1.By Value (USD Million) 2024-2034F
- 11.3.3.3.2. Market Share (%) 2024-2034F
- 11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3.4. Education
- 11.3.3.4.1.By Value (USD Million) 2024-2034F
- 11.3.3.4.2. Market Share (%) 2024-2034F
- 11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3.5. Manufacturing
- 11.3.3.5.1.By Value (USD Million) 2024-2034F
- 11.3.3.5.2. Market Share (%) 2024-2034F
- 11.3.3.5.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3.6. Retail
- 11.3.3.6.1.By Value (USD Million) 2024-2034F
- 11.3.3.6.2. Market Share (%) 2024-2034F
- 11.3.3.6.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3.7. E-commerce
- 11.3.3.7.1.By Value (USD Million) 2024-2034F
- 11.3.3.7.2. Market Share (%) 2024-2034F
- 11.3.3.7.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3.8. Others
- 11.3.3.8.1.By Value (USD Million) 2024-2034F
- 11.3.3.8.2. Market Share (%) 2024-2034F
- 11.3.3.8.3. Y-o-Y Growth (%) 2024-2034F
- 12.North America Travel and Expense Management Software Market Size & Forecast 2024A-2034F
- 12.1.Overview
- 12.2. Key Findings
- 12.3. Market Segmentation
- 12.3.1.By Deployment
- 12.3.2. By Enterprise Type
- 12.3.3. By Industry
- 12.4. Country
- 12.4.1. United States
- 12.4.2. Canada
- 13.Europe Travel and Expense Management Software Market Size & Forecast 2024A-2034F
- 13.1.Overview
- 13.2. Key Findings
- 13.3. Market Segmentation
- 13.3.1.By Deployment
- 13.3.2. By Enterprise Type
- 13.3.3. By Industry
- 13.4.Country
- 13.4.1.Germany
- 13.4.2. United Kingdom
- 13.4.3. France
- 13.4.4. Italy
- 13.4.5. Spain
- 13.4.6. Russia
- 13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
- 14.Asia-Pacific Travel and Expense Management Software Market Size & Forecast 2024A-2034F
- 14.1. Overview
- 14.2. Key Findings
- 14.3.Market Segmentation
- 14.3.1.By Deployment
- 14.3.2. By Enterprise Type
- 14.3.3. By Industry
- 14.4. Country
- 14.4.1.India
- 14.4.2. China
- 14.4.3. South Korea
- 14.4.4.Japan
- 14.4.5.Rest of APAC
- 15.Middle East and Africa Travel and Expense Management Software Market Size & Forecast 2024A-2034F
- 15.1.Overview
- 15.2. Key Findings
- 15.3. Market Segmentation
- 15.3.1.By Deployment
- 15.3.2. By Enterprise Type
- 15.3.3. By Industry
- 15.4.Country
- 15.4.1. Israel
- 15.4.2. GCC
- 15.4.3. North Africa
- 15.4.4.South Africa
- 15.4.5. Rest of Middle East and Africa
- 16. Latin America Travel and Expense Management Software Market Size & Forecast 2024A-2034F
- 16.1.Overview
- 16.2. Key Findings
- 16.3. Market Segmentation
- 16.3.1.By Deployment
- 16.3.2. By Enterprise Type
- 16.3.3. By Industry
- 16.4.Country
- 16.4.1. Mexico
- 16.4.2. Brazil
- 16.4.3. Rest of Latin America
- 17. Competitive Landscape
- 17.1.Company market share, 2023
- 17.2. Key player overview
- 17.3. Key stakeholders
- 18. Company Profiles
- 18.1.SAP Concur
- 18.1.1.Company Overview
- 18.1.2.Financial Overview
- 18.1.3.Key Product; Analysis
- 18.1.4.Company Assessment
- 18.1.4.1.Product Portfolio
- 18.1.4.2.Key Clients
- 18.1.4.3. Market Share
- 18.1.4.4. Recent News & Development (Last 3 Yrs.)
- 18.1.4.5. Executive Team
- 18.2.Coupa Travel & Expense
- 18.3.Certify Expense Management
- 18.4.Expensify
- 18.5.Rydoo
- 18.6.Zoho Expense
- 18.7.Chrome River Expense
- 18.8.SAP Fieldglass Travel and Expense
- 18.9.Oracle Cloud Expense
- 18.10. TravelPerk
- 18.11. TripActions
- 18.12.Deel
- 18.13.Divvy
- 18.14. Airbase
- 18.15.Emburse
- 18.16.Other Prominent Players
- 19. Appendix
- 20.Consultant Recommendation
Pricing
Currency Rates
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