Expense Management Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Expense Management Market
The expense management market size was valued at USD 7.05 billion in 2023, and the market is now projected to grow from USD 7.65 billion in 2024 to USD 15.12 billion by 2032, exhibiting a CAGR of 10.2% during the forecast period of 2024-2032.
The COVID-19 pandemic appreciably accelerated global demand for new offerings because of faraway operating situations. This surge led to higher usage of on-line video streaming, downloading, and video conferencing, resulting in multiplied network traffic and data usage. According to an OECD report, video conferencing traffic rose via a hundred and twenty%, and on line and cloud gaming saw a 30% increase in 2020. This shift underscores the essential role of net services in keeping productivity and connectivity at some point of the pandemic.
The rising adoption of cellular devices and technological improvements are key drivers of the cost control marketplace growth. Increased demand for mobile programs, acceptance of portable equipment in businesses, and the popularity of cloud-based services further fuel this boom. The proliferation of cellular devices and advancements in technology enhance the efficiency and accessibility of expense control answers, promoting vast marketplace expansion.
The rising call for value-effective Telecom Expense Management (TEM) answers is driving market boom. Businesses face huge telecom charges, main them to are seeking fee-saving measures through TEM answers. These answers help lessen telecom spending by means of presenting the same offerings at decrease prices, thereby liberating up budget for different middle activities. Consequently, groups are increasingly adopting fee-effective TEM solutions to manipulate growing telecom charges efficiently.
Comprehensive Analysis of Expense Management Market
The expense management market growth is rising at an exponential rate due to its market segmentation. This marketplace enlargement efficaciously offers a detailed nearby assessment thinking about the dominant supply and demand forces that effect the industry. These segmentations are methodically segregated by type analysis, by enterprise type analysis, by industry analysis. By type analysis include, telecom/mobile expense management and cloud expense management. By enterprise type include, large enterprises and small & medium enterprises. By industry include, BFSI, manufacturing, IT & telecom, healthcare, hospitality, and others.
The North America region lead the expense management market share by benefitting a market size of USD 3.33 billion in 2023 due to increasing demand for mobile applications, rising adoption of portable equipment in several enterprises.
The pinnacle gamers within the marketplace play a critical role in the industry assuring marketplace boom and putting marketplace standards. These players include, Vodafone Group Plc (U.K.), Tangoe (U.S.), Brightfin (U.S.), Tellennium (U.S.), Valicom (U.S.), Avotus (Canada), Calero-MDSL (U.S.), Cass Information Systems, Inc. (U.S.), Habble Srl (Italy), VoicePlus (Australia) these market players provide a level-playing competitive landscape.
In December 2023, Center ID, a software company, raised USD 30 million in a Series C funding round led by top-tier capital partners with support from existing investors to expand its card-first expense technology stack.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 10.2% from 2024 to 2032
Unit Value (USD billion)
Segmentation By Type
Telecom/Mobile Expense Management
Cloud Expense Management
- SaaS/UCaaS
- IaaS
- PaaS
By Enterprise Type
Large Enterprises
Small & Medium Enterprises
By Industry
BFSI
Manufacturing
IT & Telecom
Healthcare
Hospitality
Others (Consumer Goods & Retail, Transportation & Logistics, Government)
By Region
North America (By Type, By Enterprise Type, By Industry, and By Country)
- U.S. (By Industry)
- Canada (By Industry)
- Mexico (By Industry)
South America (By Type, By Enterprise Type, By Industry, and By Country)
- Brazil (By Industry)
- Argentina (By Industry)
- Rest of South America
Europe (By Type, By Enterprise Type, By Industry, and By Country)
- Germany (By Industry)
- France (By Industry)
- Italy (By Industry)
- Spain (By Industry)
- Russia (By Industry)
- Benelux (By Industry)
- Nordics (By Industry)
- Rest of Europe
Middle East & Africa (By Type, By Enterprise Type, By Industry, and By Country)
- Turkey (By Industry)
- Israel (By Industry)
- GCC (By Industry)
- South Africa (By Industry)
- North Africa (By Industry)
- Rest of the Middle East & Africa
Asia Pacific (By Type, By Enterprise Type, By Industry, and By Country)
- China (By Industry)
- India (By Industry)
- Japan (By Industry)
- South Korea (By Industry)
- ASEAN (By Industry)
- Oceania (By Industry)
- Rest of Asia Pacific
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global 3D Secure Pay Authentication Key Players Market Share/Ranking, 2022
- 5. Global 3D Secure Pay Authentication Market Size Estimates and Forecasts, By Segments, 2019-2030
- 5.1. Key Findings
- 5.2. By Type (USD)
- 5.2.1. Access Control Server
- 5.2.2. Merchant Plug-in
- 5.2.3. Others (Directory Server, etc.)
- 5.3. By Application (USD)
- 5.3.1. Merchant and Payment Processors
- 5.3.2. Banks
- 5.4. By Region (USD)
- 5.4.1. North America
- 5.4.2. South America
- 5.4.3. Europe
- 5.4.4. Middle East & Africa
- 5.4.5. Asia Pacific
- 6. North America 3D Secure Pay Authentication Market Size Estimates and Forecasts, By Segments, 2019-2030
- 6.1. Key Findings
- 6.2. By Type (USD)
- 6.2.1. Access Control Server
- 6.2.2. Merchant Plug-in
- 6.2.3. Others (Directory Server, etc.)
- 6.3. By Application (USD)
- 6.3.1. Merchant and Payment Processors
- 6.3.2. Banks
- 6.4. By Country (USD)
- 6.4.1. United States
- 6.4.2. Canada
- 6.4.3. Mexico
- 7. South America 3D Secure Pay Authentication Market Size Estimates and Forecasts, By Segments, 2019-2030
- 7.1. Key Findings
- 7.2. By Type (USD)
- 7.2.1. Access Control Server
- 7.2.2. Merchant Plug-in
- 7.2.3. Others (Directory Server, etc.)
- 7.3. By Application (USD)
- 7.3.1. Merchant and Payment Processors
- 7.3.2. Banks
- 7.4. By Country (USD)
- 7.4.1. Brazil
- 7.4.2. Argentina
- 7.4.3. Rest of South America
- 8. Europe 3D Secure Pay Authentication Market Size Estimates and Forecasts, By Segments, 2019-2030
- 8.1. Key Findings
- 8.2. By Type (USD)
- 8.2.1. Access Control Server
- 8.2.2. Merchant Plug-in
- 8.2.3. Others (Directory Server, etc.)
- 8.3. By Application (USD)
- 8.3.1. Merchant and Payment Processors
- 8.3.2. Banks
- 8.4. By Country (USD)
- 8.4.1. United Kingdom
- 8.4.2. Germany
- 8.4.3. France
- 8.4.4. Spain
- 8.4.5. Italy
- 8.4.6. Russia
- 8.4.7. Benelux
- 8.4.8. Nordics
- 8.4.9. Rest of Europe
- 9. Middle East & Africa 3D Secure Pay Authentication Market Size Estimates and Forecasts, By Segments, 2019-2030
- 9.1. Key Findings
- 9.2. By Type (USD)
- 9.2.1. Access Control Server
- 9.2.2. Merchant Plug-in
- 9.2.3. Others (Directory Server, etc.)
- 9.3. By Application (USD)
- 9.3.1. Merchant and Payment Processors
- 9.3.2. Banks
- 9.4. By Country (USD)
- 9.4.1. Turkey
- 9.4.2. Israel
- 9.4.3. GCC
- 9.4.4. North Africa
- 9.4.5. South Africa
- 9.4.6. Rest of MEA
- 10. Asia Pacific 3D Secure Pay Authentication Market Size Estimates and Forecasts, By Segments, 2019-2030
- 10.1. Key Findings
- 10.2. By Type (USD)
- 10.2.1. Access Control Server
- 10.2.2. Merchant Plug-in
- 10.2.3. Others (Directory Server, etc.)
- 10.3. By Application (USD)
- 10.3.1. Merchant and Payment Processors
- 10.3.2. Banks
- 10.4. By Country (USD)
- 10.4.1. China
- 10.4.2. Japan
- 10.4.3. India
- 10.4.4. South Korea
- 10.4.5. ASEAN
- 10.4.6. Oceania
- 10.4.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Visa Inc.
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Mastercard Inc.
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. The American Express Company
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Broadcom Inc.
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Modirum
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. SIA S.p.A.
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Fiserv, Inc.
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Cardknox Development, Inc.
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Marqeta, Inc.
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. ENTERSEKT
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
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