The travel and expense management software market is projected to register a CAGR of 6.8% in the forecast period of 2022 to 2029. The new market report contains data for historic year 2020, the base year of calculation is 2021 and the forecast period is 2022 to 2029.
Market Segmentation:
Global Travel and Expense Management Software Market , By Deployment Model (On-Premise, Cloud), Organization Size (Medium Enterprises, Large Enterprises), Industry (Defence, Government, Others),Country (U.S., Canada, Mexico in North America. U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe in Europe. China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Rest of Asia-Pacific in Asia-Pacific. South Africa, Saudi Arabia, U.A.E., Israel, Egypt, Rest of Middle East and Africa (MEA) in Middle East and Africa. Brazil, Argentina and Rest of South America in South America) Industry Trends and Forecast to 2029.
Some of the major factors contributing to the growth of the travel and expense management software market are:
Rise in international visits by government representative across world
Hassle-free claims and reimbursement via travel and expense management software
Market Players
Some of the major players operating in the market are
Webexpenses Pty Ltd, Inc
Concur Technologies, Inc.
GBT Travel Services UK Limited
Oversight Systems, Inc.
Infor
Oracle
Emburse, Inc.
TripActions
Empxtrack Inc(Saigun Technologies Pvt. Ltd)
Expensify, Inc.
SutiSoft, Inc.
Zoho Corporation Pvt. Ltd.
TravelPerk S.L.U
ExpensePoint
Rydoo
8common
Coupa Software Inc.
TABLE OF CONTENTS
1 INTRODUCTION 16
- 1.1 OBJECTIVES OF THE STUDY 16
- 1.2 MARKET DEFINITION 16
- 1.3 OVERVIEW OF GLOBAL TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET 16
- 1.4 CURRENCY AND PRICING 18
- 1.5 LIMITATIONS 18
- 1.6 MARKETS COVERED 18
2 MARKET SEGMENTATION 20
- 2.1 MARKETS COVERED 20
- 2.2 YEARS CONSIDERED FOR THE STUDY 21
- 2.3 GEOGRAPHIC SCOPE 22
- 2.4 DBMR TRIPOD DATA VALIDATION MODEL 23
- 2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 26
- 2.6 DBMR MARKET POSITION GRID 27
- 2.7 VENDOR SHARE ANALYSIS 29
- 2.8 MULTIVARIATE MODELLING 30
- 2.9 DEPLOYMENT TYPE CURVE 30
- 2.10 CHALLENGE MATRIX 31
- 2.11 SECONDARY SOURCES 32
- 2.12 ASSUMPTIONS 32
3 EXECUTIVE SUMMARY 33
4 PREMIUM INSIGHTS 37
- 4.1 PRICING & MARGIN ANALYSIS 38
- 4.2 BRAND COMPARATIVE ANALYSIS 40
- 4.3 REGULATORY STANDARDS 45
- 4.3.1 NORTH AMERICA 45
- 4.3.2 EUROPE 46
- 4.3.3 ASIA PACIFIC 47
- 4.3.4 MIDDLE EAST 48
- 4.4 CHALLENGES 49
- 4.5 REGIONAL SUMMARY 51
- 4.5.1 NORTH AMERICA 51
- 4.5.2 EUROPE 51
- 4.5.3 ASIA-PACIFIC 52
- 4.5.4 MIDDLE EAST AND AFRICA 52
- 4.5.5 SOUTH AMERICA 53
5 MARKET OVERVIEW 54
- 5.1 DRIVERS 56
- 5.1.1 HIGH ADOPTION OF MOBILE DEVICES 56
- 5.1.2 INCREASING MILITARY TRAVEL INTERNATIONALLY 57
- 5.1.3 RISE IN USE OF AI AND ML IN SOFTWARE 58
- 5.1.4 HASSLE-FREE CLAIMS AND REIMBURSEMENT VIA TRAVEL AND EXPENSE MANAGEMENT SOFTWARE 59
- 5.2 RESTRAINTS 59
- 5.2.1 CONSTANT THREAT OF DATA BREACH 59
- 5.2.2 FRAGMENTATION IN THE TRAVEL AND EXPENSE SOFTWARE INDUSTRY 60
- 5.3 OPPORTUNITIES 61
- 5.3.1 RISE IN DIGITIZATION IN DEFENSE AND GOVERNMENT SECTOR 61
- 5.3.2 MORE OF PARTNERSHIP AND ACQUISITION AMONG MARKET PLAYERS 61
- 5.3.3 EMERGENCE OF THE SAAS IN EXPENSE MANAGEMENT 62
- 5.4 CHALLENGES 63
- 5.4.1 CONSTANT CHANGING GEOPOLITICAL SCENARIO 63
- 5.4.2 CONCERNS REGARDING PRIVACY AND MOVEMENT 63
6 GLOBAL TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT 65
- 6.1 OVERVIEW 66
- 6.2 CLOUD 67
- 6.3 ON-PREMISE 67
7 GLOBAL TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE 68
- 7.1 OVERVIEW 69
- 7.2 LARGE ENTERPRISE 70
- 7.3 MEDIUM ENTERPRISE 70
8 GLOBAL TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY INDUSTRY 71
- 8.1 OVERVIEW 72
- 8.2 GOVERNMENT 73
- 8.3 DEFENSE 73
9 GLOBAL TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY REGION 74
- 9.1 OVERVIEW 75
- 9.2 NORTH AMERICA 80
- 9.2.1 U.S. 84
- 9.2.2 CANADA 85
- 9.3 EUROPE 86
- 9.3.1 U.K. 90
- 9.3.2 GERMANY 91
- 9.3.3 SPAIN 92
- 9.3.4 ISRAEL 93
- 9.3.5 REST OF EUROPE 94
- 9.4 ASIA-PACIFIC 95
- 9.4.1 JAPAN 99
- 9.4.2 AUSTRALIA 100
- 9.4.3 HONG KONG 101
- 9.4.4 NEW ZEALAND 102
- 9.4.5 REST OF ASIA-PACIFIC 103
- 9.5 MIDDLE EAST AND AFRICA 104
- 9.5.1 U.A.E. 108
- 9.5.2 QATAR 109
- 9.5.3 KUWAIT 110
- 9.5.4 SOUTH AFRICA 111
- 9.5.5 REST OF MIDDLE EAST & AFRICA 112
- 9.6 LATIN AMERICA 113
- 9.6.1 BRAZIL 117
- 9.6.2 MEXICO 118
- 9.6.3 PANAMA 119
- 9.6.4 PERU 120
- 9.6.5 REST OF LATIN AMERICA 121
10 GLOBAL TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET: COMPANY LANDSCAPE 122
- 10.1 COMPANY SHARE ANALYSIS: GLOBAL 122
- 10.2 COMPANY SHARE ANALYSIS: NORTH AMERICA 123
- 10.3 COMPANY SHARE ANALYSIS: EUROPE 124
- 10.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 125
- 10.5 COMPANY SHARE ANALYSIS: U.S., CANADA, U.K., SPAIN, BRAZIL, U.A.E., JAPAN, AUSTRALIA 126
11 SWOT ANALYSIS 128
12 COMPANY PROFILE 129
- 12.1 CONCUR TECHNOLOGIES, INC. 129
- 12.1.1 COMPANY SNAPSHOT 129
- 12.1.2 COMPANY SHARE ANALYSIS 129
- 12.1.3 PRODUCT PORTFOLIO 130
- 12.1.4 RECENT DEVELOPMENTS 130
- 12.2 ZOHO CORPORATION PVT. LTD. 131
- 12.2.1 COMPANY SNAPSHOT 131
- 12.2.2 COMPANY SHARE ANALYSIS 131
- 12.2.3 PRODUCT PORTFOLIO 132
- 12.2.4 RECENT DEVELOPMENTS 132
- 12.3 RYDOO 133
- 12.3.1 COMPANY SNAPSHOT 133
- 12.3.2 COMPANY SHARE ANALYSIS 133
- 12.3.3 PRODUCT PORTFOLIO 134
- 12.3.4 RECENT DEVELOPMENTS 134
- 12.4 INFOR 135
- 12.4.1 COMPANY SNAPSHOT 135
- 12.4.2 COMPANY SHARE ANALYSIS 135
- 12.4.3 PRODUCT PORTFOLIO 136
- 12.4.4 RECENT DEVELOPMENT 136
- 12.5 TRIPACTIONS 137
- 12.5.1 COMPANY SNAPSHOT 137
- 12.5.2 COMPANY SHARE ANALYSIS 137
- 12.5.3 PRODUCT PORTFOLIO 138
- 12.5.4 RECENT DEVELOPMENTS 138
- 12.6 8COMMON 139
- 12.6.1 COMPANY SNAPSHOT 139
- 12.6.2 PRODUCT PORTFOLIO 139
- 12.6.3 RECENT DEVELOPMENTS 139
- 12.7 COUPA SOFTWARE INC. 140
- 12.7.1 COMPANY SNAPSHOT 140
- 12.7.2 REVENUE ANALYSIS 140
- 12.7.3 PRODUCT PORTFOLIO 141
- 12.7.4 RECENT DEVELOPMENTS 141
- 12.8 EMBURSE, INC. 142
- 12.8.1 COMPANY SNAPSHOT 142
- 12.8.2 PRODUCT PORTFOLIO 142
- 12.8.3 RECENT DEVELOPMENTS 142
- 12.9 EXPENSEPOINT 143
- 12.9.1 COMPANY SNAPSHOT 143
- 12.9.2 PRODUCT PORTFOLIO 143
- 12.9.3 RECENT DEVELOPMENTS 143
- 12.10 EXPENSIFY, INC. 144
- 12.10.1 COMPANY SNAPSHOT 144
- 12.10.2 REVENUE ANALYSIS 144
- 12.10.3 PRODUCT PORTFOLIO 145
- 12.10.4 RECENT DEVELOPMENTS 145
- 12.11 EMPXTRACK INC (SAIGUN TECHNOLOGIES PVT. LTD) 146
- 12.11.1 COMPANY SNAPSHOT 146
- 12.11.2 SOLUTION PORTFOLIO 146
- 12.11.3 RECENT DEVELOPMENT 146
- 12.12 GBT TRAVEL SERVICES UK LIMITED 147
- 12.12.1 COMPANY SNAPSHOT 147
- 12.12.2 PRODUCT PORTFOLIO 147
- 12.12.3 RECENT DEVELOPMENTS 147
- 12.13 ORACLE 149
- 12.13.1 COMPANY SNAPSHOT 149
- 12.13.2 REVENUE ANALYSIS 149
- 12.13.3 PRODUCT PORTFOLIO 150
- 12.13.4 RECENT DEVELOPMENTS 150
- 12.14 OVERSIGHT SYSTEMS, INC. 151
- 12.14.1 COMPANY SNAPSHOT 151
- 12.14.2 PRODUCT PORTFOLIO 151
- 12.14.3 RECENT DEVELOPMENT 151
- 12.15 SUTISOFT, INC. 152
- 12.15.1 COMPANY SNAPSHOT 152
- 12.15.2 PRODUCT PORTFOLIO 152
- 12.15.3 RECENT DEVELOPMENTS 152
- 12.16 TRAVELPERK S.L.U 153
- 12.16.1 COMPANY SNAPSHOT 153
- 12.16.2 SOLUTION PORTFOLIO 153
- 12.16.3 RECENT DEVELOPMENTS 154
- 12.17 WEBEXPENSES PTY LTD 155
- 12.17.1 COMPANY SNAPSHOT 155
- 12.17.2 PRODUCT PORTFOLIO 155
- 12.17.3 RECENT DEVELOPMENT 155
13 QUESTIONNAIRE 157
14 RELATED REPORTS 159