#13496
Future Market Insights
$ 5000
Travel and expense management software have risen the growth in many enterprises, by providing faster, more efficient, and flexibility for enterprises in travel and expenses management. In addition to that enterprises are analyzing and managing their existing expense data and transforming into accurate insights to make decisions across business operations.
Travel and Expense management automation tool has benefited by many enterprises to improve their complex corporate expenses process.
One of the key trend observed in the Travel and expense management software market is the access to travel and expense portal though the internet and mobile applications has risen the demand for travel and expenses software to manage employees’ expenses reimbursement process on real time basis. Therefore, many large enterprises are adopting this Travel and expense management software.
Market: Drivers and Challenges
The major factors which are driving the Travel and expense management software market is an increase in the adoption of mobile devices such as smartphones, tablets, laptops and others, which has increased the use of many enterprises and employees to book the tickets online, change their flights, and locate their luggage and can submit expense sheet from their mobile devices to the enterprises. Therefore many enterprises are moving towards Travel and expense management software for the easy access of the application through the connected devices over the network that help them estimate the Travel and expenses budget.
This tool enables enterprises to scrutinize the medical bills, travel and other tickets and automate the reimbursement process. It also helps to prevent fraud and human error in travel and expenses management process.
In contrast, many enterprises are facing challenges to install cloud based travel and expenses management software due to insecurity and privacy concern and lack of skills hinders the installation of travel and expenses management solution in enterprises
Travel and Expense Management SoftwareMarket: Segmentation
Segmentation on the basis of deployment:
On-Premises
Cloud
Segmentation on the basis of industry:
Transportation and Logistics
Manufacturing
IT and Telecommunications
Defense and Government
BFSI
Healthcare
Retail
Energy and Utilities
Other
Travel and Expense Management Software Market Key Players:
Some of the key players in Travel and expense management software market are Concur(SAP), Certify, Expensify, Chrome River Technologies, Infor, Baseware, Coupa Software, DATABASICS, Expense8, KDS, NetSuite, Nexonia, Oracle and Paychex.
Travel and Expense Management SoftwareMarket: Regional Overview
Travel and expense management software Market is currently dominated by North America and region due to fast development in advanced technology. Asia Travel and expense management software market is expected to have the highest growth rate during the forecast period.
Travel and expense management software Market Segments
Travel and expense management software Market Dynamics
Historical Actual Market Size, 2013 - 2015
Travel and expense management software Market Size & Forecast 2017 to 2027
Value Chain
Travel and expense management software Market Current Trends/Issues/Challenges
Competition & Companies involved
Travel and expense management software Market Drivers and Restraints
Regional analysis for Critical Infrastructure Protection Market includes development of these systems in the following regions:
North America
US
Canada
Latin America
Brazil
Mexico
Others
Europe
U.K.
France
Germany
Poland
Russia
Asia Pacific
Australia and New Zealand (ANZ)
Greater China
India
ASEAN
Rest of Asia Pacific
Japan
Middle East and Africa
GCC Countries
Other Middle East
North Africa
South Africa
Other Africa
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
The main aim of the report is to:
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.