Travel and Expense Management Software Market: Global Industry Analysis and Opportunity Assessment 2017-2027


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Future Market Insights

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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:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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