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Europe Travel and Expense Management Software Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis

Published Aug 14, 2025
Length 188 Pages
SKU # TIP20476310

Description

The Europe travel and expense management software market was valued at approximately USD 1,182.54 million in 2023 and is projected to grow to USD 3,774.30 million by 2031, reflecting a compound annual growth rate (CAGR) of 15.6% during the forecast period from 2023 to 2031.

Drivers of Market Growth

The increasing adoption of cloud-based expense management solutions is a significant factor propelling the growth of the travel and expense management software market in Europe. Organizations worldwide are leveraging advanced software to automate their travel and expense management processes, thereby minimizing manual tasks. Cloud-based solutions are particularly favored as they streamline the management of business expenses through automation. These systems facilitate the entire expense management workflow, from expense tracking to reimbursement processing, which enhances the demand for such software among businesses seeking to accurately monitor their financial activities.

For example, in January 2023, Uber for Business partnered with Coupa Software to enhance expense automation. This collaboration marked the first instance of a business spend management (BSM) platform utilizing Uber for Business's Receipts API to automate expense reporting. By automatically generating expense reports with receipts for Uber rides, this integration eliminates the need for employees to manually collect and attach receipts, thus saving time and reducing the likelihood of compliance errors. Additionally, cloud-based expense management software offers users real-time updates on the status of their expense claims and allows access to management tools from any location, which is particularly beneficial for field managers and accounting teams.

Market Overview

The Europe travel and expense management software market is primarily driven by key countries such as Germany, France, the UK, Italy, Russia, and other regions within Europe. This area is home to numerous prominent IT companies, and businesses are increasingly adopting digital transformation strategies by moving from traditional manual processes to automated, cloud-based solutions. The integration capabilities of travel and expense management software with other enterprise resource planning (ERP) systems and accounting tools make it an attractive option for organizations aiming to enhance operational efficiency. Furthermore, compliance with the General Data Protection Regulation (GDPR) is a critical consideration, as this regulation imposes strict data privacy and security requirements on businesses targeting or collecting data from EU citizens. Travel and expense management software can assist organizations in adhering to these regulations.

Market Segmentation

The Europe travel and expense management software market can be segmented based on deployment mode, organization size, industry, and country:

1. Deployment Mode: The market is divided into on-premises and cloud-based solutions, with the cloud segment holding a larger market share in 2023.

2. Organization Size: The market is categorized into large enterprises and small & medium enterprises (SMEs), with large enterprises dominating the market share in 2023.

3. Industry: The market is segmented into various industries, including Banking, Financial Services, and Insurance (BFSI), IT and Telecom, manufacturing, healthcare, government and defense, retail, transport and logistics, among others. The BFSI sector accounted for the largest share of the market in 2023.

4. Country: The market is further segmented by country, including the UK, Germany, France, Italy, Russia, and the Rest of Europe, with the UK leading the market share in 2023.

Key Players in the Market

Several prominent companies are active in the Europe travel and expense management software market, including:

Basware Corporation
Coupa Software Inc
DATABASICS Inc
Ellucian Company LLC
Emburse, Inc.
Expensify, Inc.
Fyle Technologies Private Limited
GB Business Global
Global Business Travel Group Inc
Infor Inc
Kissflow Inc
Navan, Inc.
Oracle Corp
Oversight, Inc
SAP SE
TravelPerk S.L.U.
VA Tech Ventures Private Limited (Happay)
VV Finly Technology Pvt Ltd
Zaggle Prepaid Ocean Services Limited
Zoho Corp Pvt Ltd

These companies are at the forefront of providing innovative solutions in the travel and expense management software market, contributing to its growth and evolution.

Reasons to buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe travel and expense management software market.
Highlights key business priorities to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Europe travel and expense management software market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe travel and expense management software market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

Table of Contents

188 Pages
1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macroeconomic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country-level data:
3.3 Assumptions and Limitations
4. Europe Travel and Expense Management Software Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
4.4 Top Trends In Travel and Expense Management Software
4.4.1 Cloud Based Solutions
4.4.2 Mobile Expense Management
4.4.3 AI and Machine Learning Integration
4.4.4 Enhanced Policy Compliance and Fraud Detection
4.4.5 Internet of Things and Expense Tracking
5. Europe Travel and Expense Management Software Market – Key Market Dynamics
5.1 Europe Travel and Expense Management Software Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Growing Demand for Real-Time Travel and Expense Tracking Software
5.2.2 Increasing Adoption of Cloud-Based Expense Management Software
5.2.3 Growing Focus on Product Development
5.3 Market Restraints
5.3.1 Growing Data Security Concerns Among Customers
5.4 Market Opportunities
5.4.1 Development of AI-Powered Travel and Expense Management Software
5.5 Future Trends
5.5.1 Expanding Travel Tech Companies Worldwide
5.6 Impact of Drivers and Restraints:
6. Europe Travel and Expense Management Software Market – Analysis
6.1 Europe Travel and Expense Management Software Market Revenue (US$ Million), 2021–2031
6.2 Europe Travel and Expense Management Software Market Forecast Analysis
7. Europe Travel and Expense Management Software Market Analysis – by Deployment Mode
7.1 On-Premise
7.1.1 Overview
7.1.2 On-Premise: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
7.2 Cloud
7.2.1 Overview
7.2.2 Cloud: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
8. Europe Travel and Expense Management Software Market Analysis – by Organization Size
8.1 Large Enterprises
8.1.1 Overview
8.1.2 Large Enterprises: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
8.2 Small and Medium Enterprises
8.2.1 Overview
8.2.2 Small and Medium Enterprises: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
9. Europe Travel and Expense Management Software Market Analysis – by Industry
9.1 BFSI
9.1.1 Overview
9.1.2 BFSI: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.2 IT and Telecom
9.2.1 Overview
9.2.2 IT and Telecom: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.3 Manufacturing
9.3.1 Overview
9.3.2 Manufacturing: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.4 Healthcare
9.4.1 Overview
9.4.2 Healthcare: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.5 Government and Defense
9.5.1 Overview
9.5.2 Government and Defense: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.6 Retail
9.6.1 Overview
9.6.2 Retail: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.7 Transport and Logistics
9.7.1 Overview
9.7.2 Transport and Logistics: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
10. Europe Travel and Expense Management Software Market – Country Analysis
10.1 Europe
10.1.1 Europe Travel and Expense Management Software Market – Revenue and Forecast Analysis – by Country
10.1.1.1 Europe Travel and Expense Management Software Market – Revenue and Forecast Analysis – by Country
10.1.1.2 United Kingdom: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.1.1.2.1 United Kingdom: Europe Travel and Expense Management Software Market Share – by Deployment Mode
10.1.1.2.2 United Kingdom: Europe Travel and Expense Management Software Market Share – by Organization Size
10.1.1.2.3 United Kingdom: Europe Travel and Expense Management Software Market Share – by Industry
10.1.1.3 Germany: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.1.1.3.1 Germany: Europe Travel and Expense Management Software Market Share – by Deployment Mode
10.1.1.3.2 Germany: Europe Travel and Expense Management Software Market Share – by Organization Size
10.1.1.3.3 Germany: Europe Travel and Expense Management Software Market Share – by Industry
10.1.1.4 France: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.1.1.4.1 France: Europe Travel and Expense Management Software Market Share – by Deployment Mode
10.1.1.4.2 France: Europe Travel and Expense Management Software Market Share – by Organization Size
10.1.1.4.3 France: Europe Travel and Expense Management Software Market Share – by Industry
10.1.1.5 Italy: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.1.1.5.1 Italy: Europe Travel and Expense Management Software Market Share – by Deployment Mode
10.1.1.5.2 Italy: Europe Travel and Expense Management Software Market Share – by Organization Size
10.1.1.5.3 Italy: Europe Travel and Expense Management Software Market Share – by Industry
10.1.1.6 Russia: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.1.1.6.1 Russia: Europe Travel and Expense Management Software Market Share – by Deployment Mode
10.1.1.6.2 Russia: Europe Travel and Expense Management Software Market Share – by Organization Size
10.1.1.6.3 Russia: Europe Travel and Expense Management Software Market Share – by Industry
10.1.1.7 Rest of Europe: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.1.1.7.1 Rest of Europe: Europe Travel and Expense Management Software Market Share – by Deployment Mode
10.1.1.7.2 Rest of Europe: Europe Travel and Expense Management Software Market Share – by Organization Size
10.1.1.7.3 Rest of Europe: Europe Travel and Expense Management Software Market Share – by Industry
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning and Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.2 New Product Development
12.3 Mergers & Acquisitions
13. Company Profiles
13.1 Basware Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Coupa Software Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 DATABASICS Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Kissflow Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Navan, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Expensify, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Infor Inc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 GB Business Global
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Oracle Corp
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 SAP SE
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 Zoho Corp Pvt Ltd
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 Global Business Travel Group Inc
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 VA Tech Ventures Private Limited (Happay)
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 Key Developments
13.14 VV Finly Technology Pvt Ltd
13.14.1 Key Facts
13.14.2 Business Description
13.14.3 Products and Services
13.14.4 Financial Overview
13.14.5 SWOT Analysis
13.14.6 Key Developments
13.15 Oversight, Inc.
13.15.1 Key Facts
13.15.2 Business Description
13.15.3 Products and Services
13.15.4 Financial Overview
13.15.5 SWOT Analysis
13.15.6 Key Developments
13.16 TravelPerk S.L.U.
13.16.1 Key Facts
13.16.2 Business Description
13.16.3 Products and Services
13.16.4 Financial Overview
13.16.5 SWOT Analysis
13.16.6 Key Developments
13.17 Zaggle Prepaid Ocean Services Limited
13.17.1 Key Facts
13.17.2 Business Description
13.17.3 Products and Services
13.17.4 Financial Overview
13.17.5 SWOT Analysis
13.17.6 Key Developments
13.18 Fyle Technologies Private Limited
13.18.1 Key Facts
13.18.2 Business Description
13.18.3 Products and Services
13.18.4 Financial Overview
13.18.5 SWOT Analysis
13.18.6 Key Developments
13.19 Emburse, Inc.
13.19.1 Key Facts
13.19.2 Business Description
13.19.3 Products and Services
13.19.4 Financial Overview
13.19.5 SWOT Analysis
13.19.6 Key Developments
13.20 Ellucian Company LLC
13.20.1 Key Facts
13.20.2 Business Description
13.20.3 Products and Services
13.20.4 Financial Overview
13.20.5 SWOT Analysis
13.20.6 Key Developments
14. Appendix
14.1 Glossary
14.2 About The Insight Partners
List of Tables
Table 1. Europe Travel and Expense Management Software Market Segmentation
Table 2. List of Vendors
Table 3. Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Table 4. Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Deployment Mode
Table 5. Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Organization Size
Table 6. Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Industry
Table 7. Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Country
Table 8. United Kingdom: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Deployment Mode
Table 9. United Kingdom: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Organization Size
Table 10. United Kingdom: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Industry
Table 11. Germany: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Deployment Mode
Table 12. Germany: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Organization Size
Table 13. Germany: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Industry
Table 14. France: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Deployment Mode
Table 15. France: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Organization Size
Table 16. France: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Industry
Table 17. Italy: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Deployment Mode
Table 18. Italy: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Organization Size
Table 19. Italy: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Industry
Table 20. Russia: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Deployment Mode
Table 21. Russia: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Organization Size
Table 22. Russia: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Industry
Table 23. Rest of Europe: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Deployment Mode
Table 24. Rest of Europe: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Organization Size
Table 25. Rest of Europe: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Industry
Table 26. List of Abbreviation
LIST OF FIGURES
Figure 1.  Europe Travel and Expense Management Software Market Segmentation – Country
Figure 2.  PEST Analysis
Figure 3.  Impact Analysis of Drivers and Restraints
Figure 4.  Europe Travel and Expense Management Software Market Revenue (US$ Million), 2021–2031
Figure 5.  Europe Travel and Expense Management Software Market Share (%) – by Deployment Mode (2023 and 2031)
Figure 6.  On-Premise: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 7.  Cloud: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 8.  Europe Travel and Expense Management Software Market Share (%) – by Organization Size (2023 and 2031)
Figure 9.  Large Enterprises: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 10.      Small and Medium Enterprises: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 11.      Europe Travel and Expense Management Software Market Share (%) – by Industry (2023 and 2031)
Figure 12.      BFSI: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 13.      IT and Telecom: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 14.      Manufacturing: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 15.      Healthcare: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 16.      Government and Defense: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 17.      Retail: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 18.      Transport and Logistics: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 19.      Others: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 20.      Europe Travel and Expense Management Software Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 21.      United Kingdom: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 22.      Germany: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 23.      France: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 24.      Italy: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 25.      Russia: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 26.      Rest of Europe: Europe Travel and Expense Management Software Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 27.      Heat Map Analysis by Key Players
Figure 28.      Company Positioning and Concentration
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