Global Travel and Expense Management Software Market 2022-2026

Global Travel And Expense Management Software Market 2022-2026

Technavio has been monitoring the travel and expense management software market and it is poised to grow by $ 2.90 bn during 2022-2026, accelerating at a CAGR of 10.79% during the forecast period. Our report on the travel and expense management software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increasingly mobile workforce, a growing integration of travel and expense management software with a mobile app, and a growing need to reduce the time for processing reimbursements.

The travel and expense management software market analysis includes the deployment segment and geographic landscape.

Technavio's travel and expense management software market is segmented as below:

By DeploymentOn-premisesSaaS-basedBy Geographical LandscapeNorth AmericaEuropeAPACSouth AmericaThe Middle East and AfricaThis study identifies the use of artificial intelligence (AI) with travel and expense management software as one of the prime reasons driving the travel and expense management software market growth during the next few years. Also, the growing advancement in travel and expense management software and the rise in adoption of travel and expense management software among SMEs will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the travel and expense management software market covers the following areas:Travel and expense management software market sizingTravel and expense management software market forecastTravel and expense management software market industry analysisTechnavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading travel and expense management software market vendors that include Apptricity, AvidXchange Inc., Basware Corp., Coupa Software Inc., DATABASICS Inc., Emburse Inc., Expense8, Expensify Inc., Finally Technology Pvt. Ltd., Fyle Technologies Pvt. Ltd., General Data Pvt. Ltd., Infor Inc., International Business Machines Corp., JSM Technologies Pvt. Ltd., Oracle Corp., Paychex Inc., SAP SE, VA Tech Ventures Pvt Ltd., and Zoho Corp. Pvt. Ltd. Also, the travel and expense management software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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 an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.