Global travel and Expense Management Software Market 2024-2028

Global travel and Expense Management Software Market 2024-2028

Travel And Expense Management Software Market 2024-2028

The travel and expense management software market is forecasted to grow by USD 2428.2 mn during 2023-2028, accelerating at a CAGR of 9.3% during the forecast period. The report on the travel and expense management software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing mobile workforce, growing integration of travel and expense management software in mobile apps, and growing need to reduce time for processing reimbursements.

Technavio's travel and expense management software market is segmented as below:

By Deployment

• On-premises
• SaaS-based

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the use of artificial intelligence (AI) with travel and expense management software as one of the prime reasons driving the travel and expense management software market growth during the next few years. Also, growing advancements in travel and expense management software and rise in adoption of travel and expense management software among smes will lead to sizable demand in the market.

The report on the travel and expense management software market covers the following areas:

• Travel And Expense Management Software Market sizing
• Travel And Expense Management Software Market forecast
• Travel And Expense Management Software Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading travel and expense management software market vendors that include Apptricity, AvidXchange Inc., Basware Corp., Coupa Software Inc., DATABASICS Inc., Emburse Inc., Expense8, Expensify Inc, Finly Technology Pvt. Ltd., Fyle Technologies Pvt. Ltd., General Data Pvt. Ltd., Infor Inc., International Business Machines Corp., JSM Technologies Pvt. Ltd., Oracle Corp., Paychex Inc., SAP SE, VA Tech Ventures Pvt. Ltd., and Zoho Corp. Pvt. Ltd.. Also, the travel and expense management software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.