Worldwide Travel and Expense Management Software Forecast, 2020–2024: Pandemic Impacts Travel and Reshapes Expense Management

Worldwide Travel and Expense Management Software Forecast, 2020–2024: Pandemic Impacts Travel and Reshapes Expense Management

This IDC study examines the market for travel and expense (T&E) management software, which is expected to see solid growth despite industrywide impacts of the COVID-19 crisis. The crisis is expected to accelerate the adoption of cloud travel and expense management software relative to on-premises and private cloud deployments."In so many ways, the events associated with the coronavirus outbreak have highlighted the need for transparency, flexibility, and visibility for every customer. Duty of care, safety, and spend management all were highlighted. It will be the vendors with the right mix of functionality and flexibility that will be best positioned for growth," said Kevin M. Permenter, research manager for Enterprise Applications with IDC.

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IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
3rd Platform and Innovation Accelerators
Rapid Technology Advancements
DX Use Cases
Inhibitors
Economic Downturn
Uncertainty
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Historical and Forecast Market Values and Exchange Rates
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