Global Travel and expense management software market is projected to exceed US$ 4.2 billion by 2028. Growth in the industry is attributed to increasing demand for processing corporate expenses at higher efficiency. The tool has helped various companies to streamline their finance with daily operations. Moreover, lower cost of managing the software has further boosted its demand. It is leveraged by many midsize and large enterprises to maximize revenue output.
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Complex business hierarchy and demand for efficient employee management has further boosted overall sales of travel and expense management software worldwide. As of 2017, the industry is characterized by higher consolidation with leading vendors accounting for the largest market share. While competition has increased in last few years, opportunities has increased over 3X in last five years. Mergers and acquisitions will play a significant role in overall industry development.
Trend#1: Midsize Enterprises Accounted for Highest Deployment of Travel and Expense Management Software in 2018
Mid-size and large scale enterprises will account for majority of the global share. As per the estimates, mid-size industry represents nearly 73% of established units.
Trend#2: North America to Account for Largest Travel and Expense Software Market in 2019
North America accounted for 49% of global share in 2018. This will lose its market share to Asia Pacific owing to higher digitization and increase in IT spending especially in china.
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Some key Travel and Expense Management Software market players are Data-Basics, Inc., BasWare, Inc., Coupa Software Incorporated, Apptricity Copr., Fraedom UK Limited, Ariett Business Solutions, Inc., 8common Limited, Insperity Payroll Services, LLC, Interplx, Inc., and KDS Inc.,
Key Topics Covered in Travel and Expense Management Software Market Report:
(*The list is partial. Contact Bekryl representative/request report sample to access complete TOC).
- Research Methodology
- Executive Summary
- Value Chain Analysis
3.1. Profit Analysis
3.2. Key Players Across Value Chain
- Key Spending Analysis
- Market Growth Scenario
5.1. Pessimistic
5.2. Optimistic
5.3. Realistic
- Travel and Expense Management Software Market Dynamics
6.1. Drivers
6.2. Restraints
6.3. Opportunities
6.4. Trends
6.5. Porter’s Analysis
- Global Travel and Expense Management Software Market, By Deployment Type (US$ Mn), 2018-2028
7.1. In-Premise
7.2. Cloud Based Deployment
- Global Travel and Expense Management Software Market, By Organization (US$ Mn), 2018-2028
8.1. Small Scale Enterprises
8.2. Midsize Enterprise
8.3. Large Scale Enterprise
- Global Travel and Expense Management Software Market, By Industry Verticals (US$ Mn), 2018-2028
9.1. BFSI
9.2. Tourism
9.3. Aersopace
9.4. Healthcare
9.5. IT
9.6. Telecom
9.7. Retail
9.8. Others
- Travel and Expense Management Software Market, By Region (US$ Mn), 2018-2028 (Further Analyzed across Countries)
10.1. North America
10.2. Western Europe
10.3. Central & Eastern Europe (CEE)
10.4. Asia Pacific
10.5. Middle East
10.6. Latin America
10.7. Africa
- Travel and Expense Management Software Market Competition Landscape
11.1. Competition Dashboard
11.2. Distribution Channel Matrix
11.3. Company Profiles (Check above list of companies)
(The list is partial. Contact Bekryl representative to access detailed research scope)
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