Global Travel and Expense Management Software Market 2017-2021

  • ID: 4438604
  • Report
  • Region: Global
  • 86 pages
  • TechNavio
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FEATURED COMPANIES

  • Apptricity
  • Certify
  • DATABASICS
  • Expensify
  • InterplX
  • SAP
  • MORE
About Travel and Expense Management Software

Travel and expense management software is used by enterprises to manage and audit the expenses by their employees that include travel. This software helps maintain the transparency between enterprise and its employees regarding their expenses on business trips. The software is used by enterprises to control and monitor expense reports, which help streamline the business process and prevent fraud and human error. It also increases the transparency among employees and enterprises for entire reimbursement claim process, reduces travel costs, and improves the efficiency of enterprises.

The analysts forecast the global travel and expense management software market to grow at a CAGR of 7.66% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global travel and expense management software market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of software license of travel and expense management software.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Travel and Expense Management Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • American Express Global Business Travel
  • Apptricity
  • AvidXchange
  • Basware
  • Certify
  • Chrome River Technologies
  • Coupa Software
  • DATABASICS
  • Expense8
  • ExpenseAnywhere
  • Expensify
  • Expenzing
  • Infor
  • InterplX
  • Oracle
  • Paychex
  • SAP
  • Serko
  • Skyjunxion
  • Traveldoo
  • TraveluXion
  • Trippeo Technologies
  • Unit4
Market drivers
  • Pricing strategies of vendors
  • For a full, detailed list, view the full report
Market challenges
  • High implementation and maintenance costs
  • For a full, detailed list, view the full report
Market trends
  • Introduction of travel and expense management mobile app
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Apptricity
  • Certify
  • DATABASICS
  • Expensify
  • InterplX
  • SAP
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION
  • Market outline
PART 05: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 06: MARKET SIZING
  • Market definition
  • Market sizing 2016
  • Market size and forecast 2016-2021
PART 07: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 08: MARKET SEGMENTATION BY COMPONENT
  • Segmentation by component
  • Travel management software
  • Expense management software
PART 09: MARKET SEGMENTATION BY DEPLOYMENT TYPE
  • Segmentation by deployment type
  • Comparison by deployment type
  • On-premise - Market size and forecast 2016-2021
  • Cloud-based - Market size and forecast 2016-2021
  • Market opportunity by deployment type
PART 10: REGIONAL LANDSCAPE
  • Geographical segmentation
  • Regional comparison
  • Americas - Market size and forecast 2016-2021
  • EMEA - Market size and forecast 2016-2021
  • APAC - Market size and forecast 2016-2021
  • Market opportunity
PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 13: MARKET TRENDS
  • Introduction of travel and expense management mobile app
  • Rise in adoption among mid-sized enterprises
  • Increasing focus on reducing expenses and operational costs
PART 14: VENDOR LANDSCAPE
  • Competitive scenario
PART 15: VENDOR ANALYSIS
  • Vendors covered
PART 16: APPENDIX
  • List of abbreviations
  • List of Exhibits
  • Exhibit 01: Global IT software market
  • Exhibit 02: Global travel and expense management software market
  • Exhibit 03: Market characteristics
  • Exhibit 04: Market segments
  • Exhibit 05: Market definition - Inclusions and exclusions checklist
  • Exhibit 06: Market size 2016
  • Exhibit 07: Validation techniques employed for market sizing 2016
  • Exhibit 08: Global - Market size and forecast 2016-2021 ($ bn)
  • Exhibit 09: Global - Year-over-year growth 2017-2021 (%)
  • Exhibit 10: Five forces analysis 2016
  • Exhibit 11: Five forces analysis 2021
  • Exhibit 12: Bargaining power of buyers
  • Exhibit 13: Bargaining power of suppliers
  • Exhibit 14: Threat of new entrants
  • Exhibit 15: Threat of substitutes
  • Exhibit 16: Threat of rivalry
  • Exhibit 17: Market condition - Five forces 2016
  • Exhibit 18: Deployment type - Market share 2016-2021 (%)
  • Exhibit 19: Comparison by deployment
  • Exhibit 20: On-premise- Market size and forecast 2016-2021 ($ bn)
  • Exhibit 21: On-premise - Year-over-year growth 2017-2021 (%)
  • Exhibit 22: Cloud-based - Market size and forecast 2016-2021 ($ bn)
  • Exhibit 23: Cloud-based - Year-over-year growth 2017-2021 (%)
  • Exhibit 24: Market opportunity by deployment type
  • Exhibit 25: Global - Market share by geography 2016-2021 (%)
  • Exhibit 26: Regional comparison
  • Exhibit 27: Americas - Market size and forecast 2016-2021 ($ bn)
  • Exhibit 28: Americas - Year-over-year growth 2017-2021 (%)
  • Exhibit 29: Top three countries in Americas
  • Exhibit 30: EMEA - Market size and forecast 2016-2021 ($ bn)
  • Exhibit 31: EMEA - Year-over-year growth 2017-2021 (%)
  • Exhibit 32: Top three countries in EMEA
  • Exhibit 33: APAC - Market size and forecast 2016-2021 ($ bn)
  • Exhibit 34: APAC - Year-over-year growth 2017-2021 (%)
  • Exhibit 35: Top three countries in APAC
  • Exhibit 36: Market opportunity by geography
  • Exhibit 37: Open-source travel and expense management software
  • Exhibit 38: M&A
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Apptricity
  • Certify
  • DATABASICS
  • Expensify
  • InterplX
  • SAP
  • MORE
New Report Released: - Global Travel and Expense Management Software Market 2017-2021

The author of the report recognizes the following companies as the key players in the global travel and expense management software market: American Express Global Business Travel, Apptricity, AvidXchange, Basware, Certify, Chrome River Technologies, Coupa Software, DATABASICS, Expense8, ExpenseAnywhere, Expensify, Expenzing, Infor, InterplX, Oracle, Paychex, SAP, Serko, Skyjunxion, Traveldoo, TraveluXion, Trippeo Technologies, and Unit4.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Introduction of travel and expense management mobile app. The increasing adoption of mobile devices for professional purposes is a major trend in the global travel and expense management software market. Enterprises are increasingly focusing on adopting travel and expense management mobile app to stay connected to the clock via mobile devices. Mobile devices keep employees connected, and it has increased the demand for continuous connectivity between corporate networks and the mobile devices of employees. Employees are encouraged to use their privately owned mobile devices such as cell phones, tablets, and laptops to access and store private information.”

According to the report, one of the major drivers for this market is Pricing strategies of vendors. To thrive in a competitive market environment, travel and expense management software vendors are adopting customer-centric pricing strategies enabled by advances in technology. Several vendors in the travel and expense management software market are focusing on providing value-based pricing models depending on the customer's needs. The pricing of the software is based on differentiating features of the software solution and the value-added features provided to the customers.

Further, the report states that one of the major factors hindering the growth of this market is High implementation and maintenance costs. The high cost of deploying on-premise travel and expense management software is one of the major challenges in the market. The price of travel and expense management software includes the cost of implementation, training, maintenance, software licensing, system design, and customization. Apart from software licensing, enterprises also need to invest in the proper implementation of the software and training for the employees to use the software application. Post implementation, the software requires continuous upgradation to keep up with the market trends. All these factors lead to a rise in the total cost of implementation of travel and expense management software, adversely affecting its adoption among the end-users.

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 a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • American Express Global Business Travel
  • Apptricity
  • AvidXchange
  • Basware
  • Certify
  • Chrome River Technologies
  • Coupa Software
  • DATABASICS
  • Expense8
  • ExpenseAnywhere
  • Expensify
  • Expenzing
  • Infor
  • InterplX
  • Oracle
  • Paychex
  • SAP
  • Serko
  • Skyjunxion
  • Traveldoo
  • TraveluXion
  • Trippeo Technologies
  • Unit4
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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