Global Expense Management Software Market Research Report Forecast to 2027
Expense Management Software Market Forecast till 2027
Market Overview
The expense management software is a financial tool that helps businesses automate and simplify the process of managing and approving employee expenses. This leads to time and effort savings and enables better control over expenses. Both small and large enterprises are embracing this software to increase efficiency and streamline their expense reporting process.
The software also offers increased visibility into expenses, boosting the growth of enterprises. The expense management software market is expected to grow in the coming years, driven by factors such as the growing use of mobile apps for expense monitoring and centralization of expense data in businesses.
Segment Overview
The expense management software market has been classified on the basis of vertical, type, end user, and region.
The expense management software market has been divided into PC terminal and mobile terminal types. However, the adoption of cloud-based implementation may face challenges due to lack of skilled professionals and limited technology awareness. Concerns about data theft and security are also expected to hinder the growth of the travel and expense management software industry.
On-premise systems are anticipated to maintain a significant share due to increased security and lower total cost of ownership, despite the convenience offered by cloud-based systems.
By end-user, the market is segmented into small businesses, medium-sized businesses, and large enterprises.
By industry, the global market has been classified into transportation & logistics, IT & telecom, government & public sector, manufacturing, BFSI, retail & e-commerce, energy & utilities, and others.
Regional Analysis
India is the second most populous country after China, and has seen significant advancements in its business processes and technology adoption. Small and medium-sized enterprises play a significant role in the expense management software market. The country has become a popular destination for outsourcing IT and manufacturing services by western companies. The government's digitization initiatives have also boosted the adoption of digital software solutions across businesses. The SaaS model has been a driving force in the Indian market and is expected to provide promising investment opportunities for market players.
Major Players
The key players of the global expense management software market include Workday Inc. (US), Intuit Inc. (US), Zoho Corporation Pvt. Ltd. (India), Coupa Software Inc. (US), Sodexo (France), Oracle (US), Insperity (US), Infor Inc. (US), IBM Corporation (US), SAP Concur (US), Xero Limited (New Zealand), and Expensify (US).
COVID 19 Impacts
COVID-19, which started in Wuhan, China in early 2020, has now affected more than 150 million people globally and is still on the rise. Lockdowns and restrictions such as travel barriers, closed shops and markets, and remote work have been implemented across major economies, along with guidelines from governments aimed at controlling the spread of the virus. However, the number of cases has still increased. The pandemic has impacted business and transformed the way it is conducted in the future. Despite negative effects, the situation has created positive change by forcing organizations to quickly adopt and modernize technology, making digitalization a necessity. This shift has allowed companies to reorganize around their customers, leading to more connected and profitable operations. The pandemic has also accelerated demand for cloud-based solutions, particularly in industries where remote work is necessary. The adoption of cloud-based expense management software can benefit businesses of any size, as it is cost-effective, reduces the chance of error, and provides advanced analytics for better financial understanding. As a result, market players are expected to see increased profitability during the projected period.
Market players have seen a rise in revenue during the COVID-19 pandemic and are forecasted to continue to gain profitability. Cloud-hosted expense management software is not only easily accessible but also smart, offering businesses and users insight into areas for improvement such as expense management and optimizing business processes.
Companies Mentioned
Workday Inc. (US)
Intuit Inc. (US)
Zoho Corporation Pvt. Ltd. (India)
Coupa Software Inc. (US)
Sodexo (France)
Oracle (US)
Insperity (US)
Infor Inc. (US)
IBM Corporation (US)
SAP Concur (US)
Xero Limited (New Zealand)
and Expensify (US)
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Please note: This publisher does offer titles that are crea
- 1 Executive Summary 11
- 2 Market Introduction 13
- 2.1 Definition 13
- 2.2 Scope Of The Study 13
- 2.3 List Of Assumptions 14
- 2.4 Market Structure 14
- 3 Market Insights 15
- 4 Market Dynamics 16
- 4.1 Overview 16
- 4.2 Drivers 16
- 4.2.1 Centralization Of Enterprise Expense-related Data 16
- 4.2.2 Increase In The Adoption Of Mobile Applications To Monitor Expenses 17
- 4.3 Restraint 18
- 4.3.1 Lack Of Interoperability And Security Concerns 18
- 4.4 Opportunity 18
- 4.4.1 Integration With Predictive Analytics 18
- 4.5 Impact Of Covid-19 On The Market 19
- 4.5.1 Introduction 19
- 4.5.2 Transformation Of Businesses 19
- 4.5.3 Growing Adoption Of Cloud-based Model 19
- 4.5.4 Increase In The Revenue Of Expense Management Software & Services Vendors 20
- 5 Market Factor Analysis 21
- 5.1 Value Chain Analysis 21
- 5.1.1 Designers & Programmers 21
- 5.1.2 Solution Developers 21
- 5.1.3 System Integrators 22
- 5.1.4 End User 22
- 5.2 Porter’s Five Forces Model 22
- 5.2.1 Threat Of New Entrants 23
- 5.2.2 Bargaining Power Of Suppliers 23
- 5.2.3 Threat Of Substitutes 23
- 5.2.4 Bargaining Power Of Buyers 23
- 5.2.5 Intensity Of Rivalry 23
- 6 Global Expense Management Software Market, By Type 24
- 6.1 Overview 24
- 6.2 Pc Terminal 24
- 6.3 Mobile Terminal 24
- 7 Global Expense Management Software Market, By End User 26
- 7.1 Overview 26
- 7.2 Small Business 26
- 7.3 Midsized Business 26
- 7.4 Large Enterprises 26
- 8 Global Expense Management Software Market, By Vertical 28
- 8.1 Overview 28
- 8.2 Bfsi 28
- 8.3 It & Telecom 28
- 8.4 Retail & E-commerce 28
- 8.5 Transportation & Logistics 28
- 8.6 Manufacturing 29
- 8.7 Government & Public Sector 29
- 8.8 Energy & Utilities 29
- 8.9 Others 29
- 9 Global Expense Management Software Market, By Region 31
- 9.1 Overview 31
- 9.2 Us 32
- 9.3 Europe 35
- 9.4 China 38
- 9.5 Japan 41
- 9.6 India 44
- 9.7 Southeast Asia 47
- 10 Competitive Landscape 50
- 10.1 Competitive Scenario 50
- 10.2 Key Developments 53
- 11 Company Profiles 54
- 11.1 Ibm Corporation 54
- 11.1.1 Company Profile 54
- 11.1.2 Business Overview 54
- 11.1.3 Financial Overview 55
- 11.1.4 Products/Services/Solutions Offered 55
- 11.2 Oracle Corporation 56
- 11.2.1 Company Profile 56
- 11.2.2 Business Overview 56
- 11.2.3 Financial Overview 57
- 11.2.4 Products/Services/Solutions Offered 57
- 11.3 Sap Se (Sap Concur) 58
- 11.3.1 Company Profile 58
- 11.3.2 Business Overview 58
- 11.3.3 Financial Overview 59
- 11.3.4 Products/Services/Solutions Offered 59
- 11.4 Sodexo 60
- 11.4.1 Company Profile 60
- 11.4.2 Business Overview 60
- 11.4.3 Financial Overview 61
- 11.4.4 Products/Services/Solutions Offered 61
- 11.5 Intuit Inc. 62
- 11.5.1 Company Profile 62
- 11.5.2 Business Overview 62
- 11.5.3 Financial Overview 63
- 11.5.4 Products/Services/Solutions Offered 63
- 11.6 Insperity 64
- 11.6.1 Company Profile 64
- 11.6.2 Business Overview 64
- 11.6.3 Financial Overview 65
- 11.6.4 Products/Services/Solutions Offered 65
- 11.7 Infor 66
- 11.7.1 Company Profile 66
- 11.7.2 Business Overview 66
- 11.7.3 Financial Overview 66
- 11.7.4 Products/Services/Solutions Offered 66
- 11.8 Workday Inc 67
- 11.8.1 Company Profile 67
- 11.8.2 Business Overview 67
- 11.8.3 Financial Overview 68
- 11.8.4 Products/Services/Solutions Offered 68
- 11.9 Xero Limited 69
- 11.9.1 Company Profile 69
- 11.9.2 Business Overview 69
- 11.9.3 Financial Overview 70
- 11.9.4 Products/Services/Solutions Offered 70
- 11.10 Coupa Software Inc 71
- 11.10.1 Company Profile 71
- 11.10.2 Business Overview 71
- 11.10.3 Financial Overview 72
- 11.10.4 Products/Services/Solutions Offered 72
- 11.10.5 Key Development 73
- 11.11 Zoho Corporation Pvt Ltd 74
- 11.11.1 Company Profile 74
- 11.11.2 Business Overview 74
- 11.11.3 Products/Services/Solutions Offered 74
- 11.12 Expensify Inc. 75
- 11.12.1 Company Profile 75
- 11.12.2 Business Overview 75
- 11.12.3 Products/Services/Solutions Offered 75
- 11.13 Certify Inc. 76
- 11.13.1 Company Profile 76
- 11.13.2 Business Overview 76
- 11.13.3 Products/Services/Solutions Offered 76
- 11.14 Gusto 77
- 11.14.1 Company Profile 77
- 11.14.2 Business Overview 77
- 11.14.3 Products/Services/Solutions Offered 77
- 11.15 Receipt Bank 78
- 11.15.1 Company Profile 78
- 11.15.2 Business Overview 78
- 11.15.3 Products/Services/Solutions Offered 78
- 11.16 Apptricity Corporation 79
- 11.16.1 Company Profile 79
- 11.16.2 Business Overview 79
- 11.16.3 Products/Services/Solutions Offered 79
- 11.17 Paysimple 80
- 11.17.1 Company Profile 80
- 11.17.2 Business Overview 80
- 11.17.3 Products/Services/Solutions Offered 80
- 11.17.4 Key Development 81
- 11.18 Nexonia 82
- 11.18.1 Company Profile 82
- 11.18.2 Main Business/Business Overview 82
- 11.18.3 Product/Solution Offered 82
- 11.19 Expensepath Inc 83
- 11.19.1 Company Profile 83
- 11.19.2 Business Overview 83
- 11.19.3 Products/Services/Solutions Offered 83
- 11.20 Globalpoint Technologies Inc 84
- 11.20.1 Company Profile 84
- 11.20.2 Business Overview 84
- 11.20.3 Products/Services/Solutions Offered 84
- 11.21 Sumtotal Systems Llc 85
- 11.21.1 Company Profile 85
- 11.21.2 Business Overview 85
- 11.21.3 Products/Services/Solutions Offered 85
- 11.22 Replicon 86
- 11.22.1 Company Profile 86
- 11.22.2 Business Overview 86
- 11.22.3 Product/ Solutions/ Software Offered 86
- 11.23 Yourpeople Inc.(Zenefits) 87
- 11.23.1 Company Overview 87
- 11.23.2 Main Business/Business Overview 87
- 11.23.3 Product/ Software/Solution Offered 87
- 11.24 Torqus 88
- 11.24.1 Company Overview 88
- 11.24.2 Main Business/Business Overview 88
- 11.24.3 Products/Services/Solutions Offered 88
- List Of Tables
- Table 1 Market Synopsis 12
- Table 2 List Of Assumptions 14
- Table 3 Global Expense Management Software Market, By Type, 2019–2027 (Usd Million) 25
- Table 4 Global Expense Management Software Market, By End User, 2019–2027 (Usd Million) 27
- Table 5 Global Expense Management Software Market, By Vertical, 2019–2027 (Usd Million) 30
- Table 6 Global Expense Management Software Market, By Region, 2019-2027 (Usd Million) 31
- Table 7 Us Expense Management Software Market, By Type, 2019–2027 (Usd Million) 32
- Table 8 Us Expense Management Software Market, By End User, 2019–2027 (Usd Million) 33
- Table 9 Us Expense Management Software Market, By Vertical, 2019–2027 (Usd Million) 34
- Table 10 Europe Expense Management Software Market, By Type, 2019–2027 (Usd Million) 35
- Table 11 Europe Expense Management Software Market, By End User, 2019–2027 (Usd Million) 36
- Table 12 Europe Expense Management Software Market, By Vertical, 2019–2027 (Usd Million) 37
- Table 13 China Expense Management Software Market, By Type, 2019–2027 (Usd Million) 38
- Table 14 China Expense Management Software Market, By End User, 2019–2027 (Usd Million) 39
- Table 15 China Expense Management Software Market, By Vertical, 2019–2027 (Usd Million) 40
- Table 16 Japan Expense Management Software Market, By Type, 2019-2027 (Usd Million) 41
- Table 17 Japan Expense Management Software Market, By End User, 2019–2027 (Usd Million) 42
- Table 18 Japan Expense Management Software Market, By Vertical, 2019–2027 (Usd Million) 43
- Table 19 India Expense Management Software Market, By Type, 2019-2027 (Usd Million) 44
- Table 20 India Expense Management Software Market, By End User, 2019–2027 (Usd Million) 45
- Table 21 India Expense Management Software Market, By Vertical, 2019–2027 (Usd Million) 46
- Table 22 Southeast Asia Expense Management Software Market, By Type, 2019-2027 (Usd Million) 47
- Table 23 Southeast Asia Expense Management Software Market, By End User, 2019–2027 (Usd Million) 48
- Table 24 Southeast Asia Expense Management Software Market, By Vertical, 2019–2027 (Usd Million) 49
- List Of Figures
- Figure 1 Global Expense Management Software Market: Market Structure
- Figure 2 Global Market Size & Market Share By Region/Country (2020 Vs 2027)
- Figure 3 Value Chain: Global Expense Management Software Market
- Figure 4 Porter's Five Forces Analysis Of The Global Expense Management Software Market
- Figure 5 Global Expense Management Software Market, By Type, 2019 To 2027 (Usd Million)
- Figure 6 Global Expense Management Software Market, By End User, 2019 To 2027 (Usd Million)
- Figure 7 Global Expense Management Software Market, By Vertical, 2019 To 2027 (Usd Million)
- Figure 8 Global Expense Management Software Market, By Region, 2019–2027 (Usd Million)
- Figure 9 Us Expense Management Software Market, By Type, 2019–2027 (Usd Million)
- Figure 10 Us Expense Management Software Market, By End User, 2019–2027 (Usd Million)
- Figure 11 Us Expense Management Software Market, By Vertical, 2019–2027 (Usd Million)
- Figure 12 Europe Expense Management Software Market, By Type, 2019–2027 (Usd Million)
- Figure 13 Europe Expense Management Software Market, By End User, 2019–2027 (Usd Million)
- Figure 14 Europe Expense Management Software Market, By Vertical, 2019–2027 (Usd Million)
- Figure 15 China Expense Management Software Market, By Type, 2019–2027 (Usd Million)
- Figure 16 China Expense Management Software Market, By End User, 2019–2027 (Usd Million)
- Figure 17 China Expense Management Software Market, By Vertical, 2019–2027 (Usd Million)
- Figure 18 Japan Expense Management Software Market, By Type, 2019–2027 (Usd Million)
- Figure 19 Japan Expense Management Software Market, By End User, 2019–2027 (Usd Million)
- Figure 20 Japan Expense Management Software Market, By Vertical, 2019–2027 (Usd Million)
- Figure 21 India Expense Management Software Market, By Type, 2019–2027 (Usd Million)
- Figure 22 India Expense Management Software Market, By End User, 2019–2027 (Usd Million)
- Figure 23 India Expense Management Software Market, By Vertical, 2019–2027 (Usd Million)
- Figure 24 Southeast Asia Expense Management Software Market, By Type, 2019–2027 (Usd Million)
- Figure 25 Southeast Asia Expense Management Software Market, By End User, 2019–2027 (Usd Million)
- Figure 26 Southeast Asia Expense Management Software Market, By Vertical, 2019–2027 (Usd Million)
- Figure 27 Competitive Benchmarking Of Key Players
- Figure 28 Competitive Benchmarking Of Key Players
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook