LONDON–(BUSINESS WIRE)–The travel and expense management software market is expected to grow by USD 2.85 billion, progressing at a CAGR of over 12% during the forecast period. Download Free Sample Report
The increasing mobile workforce is one of the major factors propelling market growth. However, factors such as growing threat from open-source travel and expense management solutions will hamper market growth.
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Travel and Expense Management Software Market: Deployment Landscape
On-premises travel and expense management software is considered highly secure as there is no third-party interference. Enterprises also have complete control over their on-premises solutions because of the monitored and restricted access, while it also allows them to customize the travel and expense management software according to their requirements. These factors have been supporting the travel and expense management software market growth by the on-premises segment. The travel and expense management software market share growth by the on-premises segment will be faster than the growth of the market by the SaaS-based segment.
Travel And Expense Management Software Market: Geographic Landscape
North America was the largest travel and expense management software market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising adoption of the software by enterprises such as BFSI will significantly influence travel and expense management software market growth in this region. The US is the key market for travel and expense management software in North America. Market growth in this region will be slower than the growth of the market in other regions.
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Companies Covered:
- Apptricity Corp.
- Basware Corp.
- DATABASICS Inc.
- Emburse
- Expensify Inc.
- IBM Corp.
- Infor Inc.
- Oracle Corp.
- SAP SE (Concur)
- Zoho Corporation Pvt Ltd.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Deployment
- Market segments
- Comparison by Deployment placement
- On-premises – Market size and forecast 2019-2024
- SaaS-based – Market size and forecast 2019-2024
- Market opportunity by Deployment
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
- Vendor Analysis
Vendors covered
- Market positioning of vendors
- Apptricity Corp.
- Basware Corp.
- DATABASICS Inc.
- Emburse
- Expensify Inc.
- IBM Corp.
- Infor Inc.
- Oracle Corp.
- SAP SE (Concur)
- Zoho Corporation Pvt Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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