Travel and expense management software allows organizations to track and approve the expenses accrued during a business travel by the employees on the business-related travel along with submission, processing, reimbursement, and reporting of the employee expenditure. Receipt tracking, itemized report creation, and automation of the reimbursement are key advantages of the travel and expense management software. Complex and multi hierarchal models of the organization and high adoption of mobile devices has created the need of the travel and expense management software in the market.
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 2018, the global Travel and Expense Management Software market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Travel and Expense Management Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Travel and Expense Management Software development in United States, Europe and China.
The key players covered in this study
Concur
Certify
Expensify
Chrome River Technologies
Infor
Appricity Corporation
Basware
DATABASIC
Expense 8
Oracle Corporation
NetSuite
Skyjunxion
Trippeo Technologies
Insperity
Interpix
Market segment by Type, the product can be split into
Cloud-Based
On-Premises
Market segment by Application, split into
Small Business and Medium Enterprise
Large Enterprise
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Travel and Expense Management Software status, future forecast, growth opportunity, key market and key players.
To present the Travel and Expense Management Software development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Travel and Expense Management Software are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Travel and Expense Management Software . Industry analysis & Market Report on Travel and Expense Management Software is a syndicated market report, published as Global Travel and Expense Management Software Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Travel and Expense Management Software market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.