Global SaaS-Based Expense Management Market Growth (Status and Outlook) 2023-2029

Global SaaS-Based Expense Management Market Growth (Status and Outlook) 2023-2029

SaaS-based expense management includes the deployment of expense management systems as a web-based subscription service. This system helps in controlling and monitoring expense reports, thereby streamlining the business process and preventing fraud and human error. It also increases visibility across the entire reimbursement claim process, reducing travel costs and improving the efficiency of enterprises.
The SaaS-based system is operated by a third-party organization as opposed to the installation and maintenance of an on-site business system. SaaS-based expense management has succeeded in changing the procurement of expense management systems from a capital expenditure to a pay-per-use subscription arrangement.
LPI (LP Information)' newest research report, the “SaaS-Based Expense Management Industry Forecast” looks at past sales and reviews total world SaaS-Based Expense Management sales in 2022, providing a comprehensive analysis by region and market sector of projected SaaS-Based Expense Management sales for 2023 through 2029. With SaaS-Based Expense Management sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world SaaS-Based Expense Management industry.
This Insight Report provides a comprehensive analysis of the global SaaS-Based Expense Management landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on SaaS-Based Expense Management portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global SaaS-Based Expense Management market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for SaaS-Based Expense Management and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global SaaS-Based Expense Management.
The global SaaS-Based Expense Management market size is projected to grow from US$ 2544.4 million in 2022 to US$ 4416.2 million in 2029; it is expected to grow at a CAGR of 8.2% from 2023 to 2029.
The global SaaS-Based Expense Management top three players include Concur Technologies, SAP Ariba and IBM, with about 66% market shares. North America is the largest consumption place, with a consumption market share nearly 39%. Following North America, Europe is the second largest consumption place with the consumption market share of 24%.
This report presents a comprehensive overview, market shares, and growth opportunities of SaaS-Based Expense Management market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Travel and Expense Management
Telecom Expense management
Others
Segmentation by application
Small and Medium Business
Large Business
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Concur Technologies
SAP Ariba
IBM
Infor
Oracle
Apptricity
SumTotal Systems
Insperity
SuitSoft
Certify
Expensify
Abacus
Nexonia
Unit4
Zoho Expense
Xpenditure
AccountSight
NetSuite

Please note: The report will take approximately 2 business days to prepare and deliver.