Worldwide Travel and Expense Management Software Forecast, 2018-2022: Improving User Experience Is Key to Growth

Worldwide Travel and Expense Management Software Forecast, 2018-2022: Improving User Experience Is Key to Growth

This IDC study examines the market for travel and expense management software, which is growing at a very strong pace (with a CAGR of 8.7%, it's expected to reach $2.7 billion by 2022). Demand for public cloud (CAGR of 11.2%) is clearly outpacing that of on-premises/other software (CAGR of -8.4%), with businesses of all sizes and industries adopting T&E applications in the cloud."The world of T&E is only getting more complex as organizations become more global in their scope. T&E mangers are under tremendous strain to deliver a strong user experience that satisfies internal needs. T&E vendors looking to gain or maintain their market presence must include user experience innovations tied to budgets and planning tools, in their near-term product road map," said Kevin M. Permenter, senior research analyst for Enterprise Applications with IDC.

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