Worldwide Travel and Expense Management Software Market Shares, 2016: Year of Unified Spend Management
This IDC study reviews the competitive market for travel and expense management software in 2016. The travel and expense management software market grew to $1.55 billion, a 13.9% increase over 2015's $1.36 billion. This is the second iteration of the IDC Market Share study covering the travel and expense management software market."Travel and expense management software is a submarket within the broader financial applications market. The rise of SaaS applications has made pure-play T&E applications much more enticing. T&E management is now a primary method for companies to manage their travel and associated spend. Vendors in the T&E market are beginning to examine the SMB market and regions outside the United States to expand their presence, since the United States has the deepest penetration." — Jordan Jewell, research analyst, Digital Commerce and Enterprise Applications
Please Note: Extended description available upon request.
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