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Travel and Expense Management Software Market Analysis
Market Research Future (MRFR), in its latest the Expense Management Software Market 2022 states long and short term effect of COVID-19 on the expense management software industry. MRFR studied for growth prospects of the expense management software market across the forecast period 2022-2030. Expense management software market size is expected to grow from USD 3,215.8 million in 2019 to USD 10.56 Billion by 2027, growing at a compound annual growth rate (CAGR) of 12.8% during the forecast period. Travel and Expense Management Software Market report including key players, their future campaigns, preferred suppliers, SWOT analysi, CAGR, market shares along with historical data and price analysis.
Expense management software tools aid enterprises to streamline and automate process to deliver expense report management across the assessment period. Advantages, such as significant reduction in time and efforts for effortless submission, approval, and employee expense reports processing, with reimbursing expenses reports and their growing advantages can boost the expansion of the world expense management software market.
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On the downside, the lack of security concerns and interoperability can deter the growth pace of the market across the review period. The broader expense portals access by using mobile applications, along with the rise in demand for visibility towards expenditure are creating numerous opportunities for the market to expand at a tremendous pace in the years to come.
Travel and Expense Management Software Market Key Players
Key players profiled in the global expense management software market report include
- Coupa Software Inc. (U.S.)
- Oracle (U.S.)
- Xero Limited (New Zealand)
- Insperity (U.S.)
- Infor Inc. (U.S.)
- Expensify (U.S.)
- Sodexo (France)
- Zoho Corporation Pvt. Ltd (India)
- Intuit Inc. (U.S.)
- IBM Corporation (U.S.)
- SAP Concur (U.S.)
- Workday Inc. (U.S.)
Travel and Expense Management Software Market Segmentation
The MRFR provides an inclusive segmental analysis of the global expense management software industry based on end user and type.
By Type
- PC Terminal
- Mobile Terminal
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By End User
- Small Business
- Midsized Business
- Large Enterprises
By Vertical
- BFSI
- IT & Telecom
- Retail & E-Commerce
- Transportation & Logistics
- Manufacturing
- Government & Public Sector
- Energy & Utilities
- Others
Travel and Expense Management Software Market Regional Analysis
North America will dominate the expense management software market over the forecast period. The US holds the utmost share in the market, which is predicted to touch USD 2,510.3 million at a 12.0% CAGR by 2025.
The global expense management software market in the APAC region is predicted to grow at a fast pace over the forecast period. Growing demand for expense management software and a rise in per capita income are adding to the global expense management market growth in the region. It is predicted to touch USD 593.3 million at a 14.1% CAGR by 2025.
The global expense management market in Europe is predicted to have healthy growth over the forecast period. It is likely to touch USD 1,615.5 million at an 11.0% CAGR by 2025.
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Key Points Covered in the Report
- The Travel and Expense Management Software market conditions include main rivals, costs, and positioning for an all-round plan for insight accumulation operating in the same geography.
- The global market report includes a complete database of upcoming Travel and Expense Management Software market forecasts, based on historical data interpretation.
- It provides customers with quantified views for recent Travel and Expense Management Software market perusal.
- The Travel and Expense Management Software report is helpful in offering answers to different core questions that are essential to market participants, such as manufacturers, and end-users, distributors, in addition to helping them strategize acquisitions and leverage many growth opportunities.
- Import/export consumption, forecasts of supply & demand, cost, price, revenue, and gross margins are also impacted by this analysis.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Market Structure
3 Market Insights
4 Market Dynamics
Continued...
5 Market Factor Analysis
Continued...