Travel and Expense (T&E) Management Software Market 2018– size, growth and comparison by regions, types and applications – Credence Research

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Travel and expense management software finds its adoption mainly in large organizations and travel management companies to manage and audit expenses accrued during the business travels. Rising end-users domain for travel and expense management software is one of the most prominent factors, ensuring incremental market growth in coming years.

The recent research study titled “Travel and Expense (T&E) Management Software Market –Growth, Future Prospects and Forecast, 2018 – 2026” published by Credence Researchprovides market size (US$) at global, regional and country-level based on major factors affecting the growth in respective markets. This research studycovers in-depthanalysis of market dynamics including key market drivers and restraints impacting the Travel and Expense (T&E) Management Software Market.The report also covers a separate section highlighting the key trends observed across the market. Further, the research study maps and profiles major players in the global Travel and Expense (T&E) Management Software Market along with their market business strategies and recent developments in the industry.In addition, the report includes competitive landscape of the companies highlighting their market positioning in the industry.

Key players identified in T&E management software market:

Apptricity Corporation, Ariett Business Solutions, Inc., BasWare, Inc., Coupa Software, Inc., DATABASICS, Inc., Expense8, 8common Ltd., Fraedom UK Ltd., Insperity Payroll Services, LLC, Interplx, Inc., Oracle Corporation, Replicon, Inc., TriNet Group, Inc., Ellucian Company LP and KDS, Inc. among others.

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Key aspectsof the study include:

  • Travel and Expense (T&E) Management Software Market Snapshot
  • Classification of Travel and Expense (T&E) Management Software Market
  • Market Overview: Market drivers, restraints and key trends analysis
  • Competitive analysis of the key players operating in the market
  • Market size split on the basis of geographies and sub-geographies
  • Cross-sectional market size for all segments per sub-geography
  • Historical market size for year 2016 with 2017 as base year
  • Forecast period: 2018 to 2026

Key questions answered in the Report

  • What is the Current Market Size and Forecast for Travel and Expense (T&E) Management Software Market?
  • Who are major players in the industry and what are their strategies and developments in the recent years?
  • What are the key segments expected to emerge as the most attractive during the forecast period?
  • Which is the most lucrative geographic region for Travel and Expense (T&E) Management Software Market?

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Major drivers of T&E management software market:

  • Emergence of Software as a Service
  • Universal demand for cost effective solution
  • Rising need to reduce operational cost and expense in organization
  • Pricing strategies of vendors
  • T&E management software availability in the form of mobile app
  • Transparency in operation

Major challenges of T&E management software market:

  • High implementation and maintenance cost
  • Installation of cloud based travel and expenses management software is found challenging in many organizations due to security and privacy concerns. Lack of skills also hamper the installation of travel and expenses management software in enterprises and travel companies.

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The global T&E management software market is segmented on the following basis:

By Deployment Model

  • Cloud-based
  • On-premise

By Organization Size

  • Small & Medium Size Enterprises
  • Large Size Enterprises

By Industry Verticals

  • Banking, Financial Services and Insurance (BFSI)
  • Aerospace & Defense
  • Healthcare
  • Public Sector
  • IT & Telecom
  • Retail & logistics
  • Transportations
  • Other (Manufacturing, Energy and Utilities etc.)

By Geography

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • South Asia
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • Latin America
    • Middle East & Africa (MEA)

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