South America Travel and Expense Management Software Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Deployment (On-Premise and Cloud), Enterprise Size (Large Enterprises and Small and Medium Enterprises), and Industry (BFSI, IT and T
Description
South America Travel and Expense Management Software Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Deployment (On-Premise and Cloud), Enterprise Size (Large Enterprises and Small and Medium Enterprises), and Industry (BFSI, IT and Telecom, Manufacturing, Healthcare, Government and Defense, Transport and Logistics, Retail, and Others)
The SAM travel and expense management software market is expected to grow from US$ 110.67 million in 2022 to US$ 137.09 million by 2028. It is estimated to grow at a CAGR of 3.6% from 2022 to 2028.
Rising Adoption of SaaS Applications is Fueling the SAM Travel and Expense Management Software Market
Software as a service (SaaS) application are web-based alternatives to the usual offline software. SaaS can run 24/7 via an internet browser from any device. It does not require installation, equipment updates, and traditional licensing management. Also, it is cost effective, it saves the data in the cloud, etc. Companies use SaaS when they don’t have the time, capital, or expertise to build their own applications or host on-premise applications. The maintenance costs are also minimum as SaaS service providers have total control on hosting environments. SaaS applications dramatically reduce the time spent on the configuration of resources. Also, it keeps the data safe compared to any traditional software. Moreover, the SaaS service provider hosts the software centrally on a server; so one can change the usage plan as per their need, without informing in advance. The benefits of SaaS have led to the rising adoption of SaaS applications in various organizations. This factor is expected to offer lucrative opportunities for the growth of the SAM travel and expense management software market .
SAM Travel and Expense Management Software Market Overview
The SAM economy has grown faster than developed economies in the last 15 years; however, the region is still lagging in terms of technological advancements. The lack of skilled labor, decreasing productivity, and high dependency on exports are among the constraints in SAM's economic growth. However, several countries in the region, such as Brazil and Argentina, are substantially adopting various technologies to overcome challenges across different industries. The growing healthcare industry is expected to boost travel and expense management software deployment in this region. As the travel and expense management software in the healthcare industry integrated with travel service providers, offering real-time quotes, bookings, and trip logistics in one place, it drives the demand for travel and expense management software. Managers can track bookings, cancellations, adjustments, and rescheduling in real time, eliminating many human errors. All these offerings anticipate lucrative opportunities for the growth of the travel and expense management software market. Moreover, industrialization has been gaining traction across the region. The startups are focusing on expansion strategies. For instance, in March 2022, the US-based fintech Jeeves, a corporate card and expense management platform for global startups, started operations in Brazil. These expansion strategies are further supporting the growth of the SAM travel and expense management software market.
SAM Travel and Expense Management Software Market Revenue and Forecast to 2028 (US$ Million)
SAM Travel and Expense Management Software Market Segmentation
The SAM travel and expense management software market is segmented into deployment, enterprise size, industry, and country.
Based on deployment, the SAM travel and expense management software market is bifurcated into on-premise and cloud. The cloud segment held a larger market share in 2022.
Based on enterprise size, the SAM travel and expense management software market is bifurcated into small and medium enterprises and large enterprises. The large enterprises segment held a larger market share in 2022.
Based on industry, the SAM travel and expense management software market is segmented into BFSI, IT and telecom, manufacturing, healthcare, government and defense, transport and logistics, retail, and others. The IT and telecom segment held the largest market share in 2022.
Based on country, the SAM travel and expense management software market has been categorized into Brazil, Argentina, and the Rest of SAM. Our regional analysis states that Brazil dominated the market share in 2022.
Basware Corporation; Certify, Inc.; Chrome River Technologies, Inc.; Concur Technologies, Inc.; Coupa Software Inc.; Expensify, Inc.; Infor, Inc.; and Oracle Corporation are the leading companies operating in the SAM travel and expense management software market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM travel and expense management software market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the SAM 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 SAM market trends and outlook coupled with the factors driving the 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
The SAM travel and expense management software market is expected to grow from US$ 110.67 million in 2022 to US$ 137.09 million by 2028. It is estimated to grow at a CAGR of 3.6% from 2022 to 2028.
Rising Adoption of SaaS Applications is Fueling the SAM Travel and Expense Management Software Market
Software as a service (SaaS) application are web-based alternatives to the usual offline software. SaaS can run 24/7 via an internet browser from any device. It does not require installation, equipment updates, and traditional licensing management. Also, it is cost effective, it saves the data in the cloud, etc. Companies use SaaS when they don’t have the time, capital, or expertise to build their own applications or host on-premise applications. The maintenance costs are also minimum as SaaS service providers have total control on hosting environments. SaaS applications dramatically reduce the time spent on the configuration of resources. Also, it keeps the data safe compared to any traditional software. Moreover, the SaaS service provider hosts the software centrally on a server; so one can change the usage plan as per their need, without informing in advance. The benefits of SaaS have led to the rising adoption of SaaS applications in various organizations. This factor is expected to offer lucrative opportunities for the growth of the SAM travel and expense management software market .
SAM Travel and Expense Management Software Market Overview
The SAM economy has grown faster than developed economies in the last 15 years; however, the region is still lagging in terms of technological advancements. The lack of skilled labor, decreasing productivity, and high dependency on exports are among the constraints in SAM's economic growth. However, several countries in the region, such as Brazil and Argentina, are substantially adopting various technologies to overcome challenges across different industries. The growing healthcare industry is expected to boost travel and expense management software deployment in this region. As the travel and expense management software in the healthcare industry integrated with travel service providers, offering real-time quotes, bookings, and trip logistics in one place, it drives the demand for travel and expense management software. Managers can track bookings, cancellations, adjustments, and rescheduling in real time, eliminating many human errors. All these offerings anticipate lucrative opportunities for the growth of the travel and expense management software market. Moreover, industrialization has been gaining traction across the region. The startups are focusing on expansion strategies. For instance, in March 2022, the US-based fintech Jeeves, a corporate card and expense management platform for global startups, started operations in Brazil. These expansion strategies are further supporting the growth of the SAM travel and expense management software market.
SAM Travel and Expense Management Software Market Revenue and Forecast to 2028 (US$ Million)
SAM Travel and Expense Management Software Market Segmentation
The SAM travel and expense management software market is segmented into deployment, enterprise size, industry, and country.
Based on deployment, the SAM travel and expense management software market is bifurcated into on-premise and cloud. The cloud segment held a larger market share in 2022.
Based on enterprise size, the SAM travel and expense management software market is bifurcated into small and medium enterprises and large enterprises. The large enterprises segment held a larger market share in 2022.
Based on industry, the SAM travel and expense management software market is segmented into BFSI, IT and telecom, manufacturing, healthcare, government and defense, transport and logistics, retail, and others. The IT and telecom segment held the largest market share in 2022.
Based on country, the SAM travel and expense management software market has been categorized into Brazil, Argentina, and the Rest of SAM. Our regional analysis states that Brazil dominated the market share in 2022.
Basware Corporation; Certify, Inc.; Chrome River Technologies, Inc.; Concur Technologies, Inc.; Coupa Software Inc.; Expensify, Inc.; Infor, Inc.; and Oracle Corporation are the leading companies operating in the SAM travel and expense management software market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM travel and expense management software market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the SAM 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 SAM market trends and outlook coupled with the factors driving the 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
117 Pages
- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 SAM Travel and Expense Management Software Market – By Deployment
- 1.3.2 SAM Travel and Expense Management Software Market – By Enterprise Size
- 1.3.3 SAM Travel and Expense Management Software Market – By Industry
- 1.3.4 SAM Travel and Expense Management Software Market – By Country
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. SAM Travel and Expense Management Software Market Landscape
- 4.1 Market Overview
- 4.2 SAM PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 5. SAM Travel and Expense Management Software Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Increasing Mobile Workforce
- 5.1.2 Hassle-Free Claims and Reimbursements
- 5.2 Market Restraints
- 5.2.1 Constant Threat of Data Breach
- 5.3 Market Opportunities
- 5.3.1 Rising Adoption of SaaS Applications
- 5.4 Future Trends
- 5.4.1 Emergence of Artificial Intelligence (AI) and Machine Learning (ML)
- 5.5 Impact Analysis of Drivers and Restraints
- 6. Travel and Expense Management Software Market – SAM Analysis
- 6.1 SAM Travel and Expense Management Software Market Overview
- 6.2 SAM Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
- 7. SAM Travel and Expense Management Software Market Analysis – By Deployment
- 7.1 Overview
- 7.2 SAM Travel and Expense Management Software Market, By Deployment (2021 and 2028)
- 7.3 On-Premise
- 7.3.1 Overview
- 7.3.2 On-Premise: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
- 7.4 Cloud
- 7.4.1 Overview
- 7.4.2 Cloud: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
- 8. SAM Travel and Expense Management Software Market Analysis – By Enterprise Size
- 8.1 Overview
- 8.2 SAM Travel and Expense Management Software Market, By Enterprise Size (2021 and 2028)
- 8.3 Small and Medium Enterprises
- 8.3.1 Overview
- 8.3.2 Small and Medium Enterprises: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
- 8.4 Large Enterprises
- 8.4.1 Overview
- 8.4.2 Large Enterprises: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
- 9. SAM Travel and Expense Management Software Market Analysis – By Industry
- 9.1 Overview
- 9.2 SAM Travel and Expense Management Software Market Breakdown, by Industry, 2021 & 2028
- 9.3 BFSI
- 9.3.1 Overview
- 9.3.2 BFSI Market Revenue and Forecast to 2028 (US$ Million)
- 9.4 IT and Telecom
- 9.4.1 Overview
- 9.4.2 IT and Telecom Market Revenue and Forecast to 2028 (US$ Million)
- 9.5 Manufacturing
- 9.5.1 Overview
- 9.5.2 Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
- 9.6 Healthcare
- 9.6.1 Overview
- 9.6.2 Healthcare Market Revenue and Forecast to 2028 (US$ Million)
- 9.7 Government and Defense
- 9.7.1 Overview
- 9.7.2 Government and Defense Market Revenue and Forecast to 2028 (US$ Million)
- 9.8 Transportation and Logistics
- 9.8.1 Overview
- 9.8.2 Transportation and Logistics Market Revenue and Forecast to 2028 (US$ Million)
- 9.9 Retail
- 9.9.1 Overview
- 9.9.2 Retail Market Revenue and Forecast to 2028 (US$ Million)
- 9.10 Others
- 9.10.1 Overview
- 9.10.2 Others Market Revenue and Forecast to 2028 (US$ Million)
- 10. SAM Travel and Expense Management Software Market – Country Analysis
- 10.1 Overview
- 10.1.1 SAM: Travel and Expense Management Software Market, by Key Country
- 10.1.1.1 Brazil: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.1.1 Brazil: Travel and Expense Management Software Market, by Deployment
- 10.1.1.1.2 Brazil: Travel and Expense Management Software Market, by Enterprise Size
- 10.1.1.1.3 Brazil: Travel and Expense Management Software Market, by Industry
- 10.1.1.2 Argentina: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.2.1 Argentina: Travel and Expense Management Software Market, by Deployment
- 10.1.1.2.2 Argentina: Travel and Expense Management Software Market, by Enterprise Size
- 10.1.1.2.3 Argentina: Travel and Expense Management Software Market, by Industry
- 10.1.1.3 Rest of SAM: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.3.1 Rest of SAM: Travel and Expense Management Software Market, by Deployment
- 10.1.1.3.2 Rest of SAM: Travel and Expense Management Software Market, by Enterprise Size
- 10.1.1.3.3 Rest of SAM: Travel and Expense Management Software Market, by Industry
- 11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 New Product Development
- 11.4 Partnership Strategy
- 12. Company Profiles
- 12.1 Basware Corporation
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Certify, Inc.
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Chrome River Technologies, Inc.
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Coupa Software Inc.
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Expensify, Inc.
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Infor, Inc.
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Oracle Corporation
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 Concur Technologies, Inc.
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 13. Appendix
- 13.1 About The Insight Partners
- 13.2 Word Index
- LIST OF TABLES
- Table 1. SAM Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
- Table 2. SAM Travel and Expense Management Software Market, by Country – Revenue and Forecast to 2028 (USD Million)
- Table 3. Brazil: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
- Table 4. Brazil: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
- Table 5. Brazil: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
- Table 6. Argentina: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
- Table 7. Argentina: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
- Table 8. Argentina: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
- Table 9. Rest of SAM: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
- Table 10. Rest of SAM: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
- Table 11. Rest of SAM: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
- Table 12. List of Abbreviation
- LIST OF FIGURES
- Figure 1. SAM Travel and Expense Management Software Market Segmentation
- Figure 2. SAM Travel and Expense Management Software Market Segmentation – By Country
- Figure 3. SAM Travel and Expense Management Software Market Overview
- Figure 4. SAM Travel and Expense Management Software Market, By Deployment
- Figure 5. SAM Travel and Expense Management Software Market, By Country
- Figure 6. SAM: PEST Analysis
- Figure 7. Expert Opinion
- Figure 8. SAM Travel and Expense Management Software Market: Impact Analysis of Drivers and Restraints
- Figure 9. SAM Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 10. SAM Travel and Expense Management Software Market Revenue Share, by Deployment (2021 and 2028)
- Figure 11. On-Premise: SAM Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 12. Cloud: SAM Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 13. SAM Travel and Expense Management Software Market Revenue Share, by Enterprise Size (2021 and 2028)
- Figure 14. Small and Medium Enterprises: SAM Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 15. Large Enterprises: SAM Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 16. SAM Travel and Expense Management Software Market Breakdown, by Industry (2021 and 2028)
- Figure 17. BFSI: SAM Travel and Expense Management Software Market Revenue and Forecast to 2028 (US$ Million)
- Figure 18. IT and Telecom: SAM Travel and Expense Management Software Market Revenue and Forecast to 2028 (US$ Million)
- Figure 19. Manufacturing: SAM Travel and Expense Management Software Market Revenue and Forecast to 2028 (US$ Million)
- Figure 20. Healthcare: SAM Travel and Expense Management Software Market Revenue and Forecast to 2028 (US$ Million)
- Figure 21. Government and Defense: SAM Travel and Expense Management Software Market Revenue and Forecast to 2028 (US$ Million)
- Figure 22. Transportation and Logistics: SAM Travel and Expense Management Software Market Revenue and Forecast to 2028 (US$ Million)
- Figure 23. Retail: SAM Travel and Expense Management Software Market Revenue and Forecast to 2028 (US$ Million)
- Figure 24. Others: SAM Travel and Expense Management Software Market Revenue and Forecast to 2028 (US$ Million)
- Figure 25. SAM: Travel and Expense Management Software Market, by Key Country – Revenue (2021) (US$ ‘Million)
- Figure 26. SAM: Travel and Expense Management Software Market Revenue Share, by Key Country (2021 and 2028)
- Figure 27. Brazil: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 28. Argentina: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 29. Rest of SAM: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
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