Travel & Expense Management Software Market by Function (Analytics, Approval Workflows, Expense Categories), Deployment (Cloud, On-Premises), User - Global Forecast 2024-2030

Travel & Expense Management Software Market by Function (Analytics, Approval Workflows, Expense Categories), Deployment (Cloud, On-Premises), User - Global Forecast 2024-2030


The Travel & Expense Management Software Market size was estimated at USD 1.39 billion in 2023 and expected to reach USD 1.56 billion in 2024, at a CAGR 12.29% to reach USD 3.13 billion by 2030.

Global Travel & Expense Management Software Market

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Travel & Expense Management Software Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Travel & Expense Management Software Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Travel & Expense Management Software Market, highlighting leading vendors and their innovative profiles. These include Basware, Chrome River Technologies, Inc., Concur Technologies, Inc., Coupa Software Inc., DATABASICS Inc., Emburse, Inc., Expense8 Pty Limited, Expensify, Inc., Infor, Microsoft Corporation, Oracle Corporation, Oversight Systems Inc., Paychex Inc., SalesTrip Limited, Serko Ltd., Sodexo, and TripActions, Inc..

Market Segmentation & Coverage

This research report categorizes the Travel & Expense Management Software Market to forecast the revenues and analyze trends in each of the following sub-markets:

Function
Analytics
Approval Workflows
Expense Categories
Expense Reports
Payment Integration
Deployment
Cloud
On-Premises
User
Accountants
Contractors
Employees
Managers
Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas
Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam
Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Travel & Expense Management Software Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Travel & Expense Management Software Market?
3. What are the technology trends and regulatory frameworks in the Travel & Expense Management Software Market?
4. What is the market share of the leading vendors in the Travel & Expense Management Software Market?
5. Which modes and strategic moves are suitable for entering the Travel & Expense Management Software Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Travel & Expense Management Software Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Businesses expanding internationally and rise in number of business travels
5.1.1.2. Increasing penetration of smart devices
5.1.1.3. Demand for definite travel policy and management with aim to reduce burden on finance team
5.1.2. Restraints
5.1.2.1. Insecurity and privacy concern
5.1.3. Opportunities
5.1.3.1. Integration of AI to help automate and optimize the report approvals and payment processes
5.1.3.2. Increasing business spending in automated process and software to optimise the company expenses
5.1.4. Challenges
5.1.4.1. Unclear travel expense policies and poor expense visibility
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Travel & Expense Management Software Market, by Function
6.1. Introduction
6.2. Analytics
6.3. Approval Workflows
6.4. Expense Categories
6.5. Expense Reports
6.6. Payment Integration
7. Travel & Expense Management Software Market, by Deployment
7.1. Introduction
7.2. Cloud
7.3. On-Premises
8. Travel & Expense Management Software Market, by User
8.1. Introduction
8.2. Accountants
8.3. Contractors
8.4. Employees
8.5. Managers
9. Americas Travel & Expense Management Software Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Travel & Expense Management Software Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Travel & Expense Management Software Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. Basware
13.1.2. Chrome River Technologies, Inc.
13.1.3. Concur Technologies, Inc.
13.1.4. Coupa Software Inc.
13.1.5. DATABASICS Inc.
13.1.6. Emburse, Inc.
13.1.7. Expense8 Pty Limited
13.1.8. Expensify, Inc.
13.1.9. Infor
13.1.10. Microsoft Corporation
13.1.11. Oracle Corporation
13.1.12. Oversight Systems Inc.
13.1.13. Paychex Inc.
13.1.14. SalesTrip Limited
13.1.15. Serko Ltd.
13.1.16. Sodexo
13.1.17. TripActions, Inc.
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET RESEARCH PROCESS
FIGURE 2. TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET SIZE, 2023 VS 2030
FIGURE 3. TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET DYNAMICS
FIGURE 7. TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET SIZE, BY FUNCTION, 2023 VS 2030 (%)
FIGURE 8. TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET SIZE, BY FUNCTION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET SIZE, BY DEPLOYMENT, 2023 VS 2030 (%)
FIGURE 10. TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET SIZE, BY DEPLOYMENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET SIZE, BY USER, 2023 VS 2030 (%)
FIGURE 12. TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET SIZE, BY USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. TRAVEL & EXPENSE MANAGEMENT SOFTWARE MARKET SHARE, BY KEY PLAYER, 2023

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