Travel & Expense Management: Key Opportunities, Emerging Trends & Market Forecasts 2022-2027

The latest Travel & Expense Management research provides a detailed analysis of this evolving market. The research includes an extensive evaluation of 20 travel & expense management vendors via the Competitor Leaderboard.

The report covers current market opportunities, key recommendations and future prospects. It also includes a comprehensive dataset for key travel & expense management metrics, featuring total travel & expense management revenue for different models of travel & expense management software and various business sizes.

This research suite comprises:

• Market Trends & Strategies (PDF)
• Competitor Leaderboard (PDF)
• Data & Forecasts (PDF & Excel)
• 12 Months' Access to harvest Online Data Platform

Key Market Statistics

Market size in 2020:

• $8.7bn

Market size in 2025:

• $16.5bn

2020 to 2025 CAGR:

• 88.8%

Key Features

Market Dynamics: Insights into key trends and challenges within the travel & expense management market; addressing challenges posed by expense fraud, changes in usage trends, and technological developments in the travel & expense management market. It also includes a regional analysis examining the current development of the travel & expense management market in 20 countries, as well as payment methods and future prospects.
Key Takeaways & Strategic Recommendations: Analysis of key development opportunities within the travel & expense management market, accompanied by key strategic recommendations for stakeholders including fintechs, CRM providers and ERP providers who all offer some form of travel & expense management software.

Benchmark Industry Forecasts: Includes forecasts for total revenue for travel & expense management software, split by payment models. This data is further split by our 8 key forecast regions and 60 countries:

North America:

• Canada, US

Latin America:

• Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay

West Europe:

• Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK

Central & East Europe:

• Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Turkey, Ukraine

Far East & China:

• China, Hong Kong, Japan, South Korea

Indian Subcontinent:

• Bangladesh, India, Nepal, Pakistan

Rest of Asia Pacific:

• Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam

Africa & Middle East:

• Algeria, Egypt, Israel, Kenya, Kuwait, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates

The Competitor Leaderboard: Key player capability and capacity assessment for 20 travel & expense management vendors, via the the Competitor Leaderboard:

• Airbase
• Apptricity
• Basware
• Coupa
• DATABASICS
• Emburse
• Expense8
• Expensein
• Expensify
• Fyle
• Infor
• Oracle
• Pleo
• Rydoo
• SAP Concur
• Serko
• Soldo
• TripActions
• Xero
• Zoho Expense

Key Questions Answered

• What is the state of the travel & expense management market?
• What are the key drivers of the travel & expense management market?
• What are the primary functions and features of travel & expense management software, and how do they benefit businesses?
• Who are the leading vendors in the travel & expense management market?
• Which markets will have the greatest adoption of travel & expense management software over the next five years?

Data Splits for:

• T&E Management Usage
• Term Licence T&E Management Software
• SaaS-Based T&E Management Software

Metrics include average cost per term licence and total travel & expense management revenue for both term licence and SaaS-based models.

Geographical splits: 60 countries
Number of tables: Over 61 tables
Number of datapoints: Over 27,800 datapoints

Harvest: Our online data platform, harvest, contains the very latest market data and is updated throughout the year. This is a fully featured platform enabling clients to better understand key data trends and manipulate charts and tables; overlaying different forecasts within the one chart - using the comparison tool. Empower your business with our market intelligence centre, and receive alerts whenever your data is updated.

Interactive Excels (IFxl): Our IFxl tool enables clients to manipulate both forecast data and charts, within an Excel environment, to test their own assumptions using the interactive scenario tool and compare selected markets side by side in customised charts and tables. IFxls greatly increase a client’s ability to both understand a particular market and to integrate their own views into the model.