Global Travel and Expense Management Software Market Value to Surpass USD 4.2 Billion by 2028, finds Bekryl Market Analysts

“Bekryl Market Intelligence Report | Travel and Expense Management Market | 2019”
According to recently released report by Bekryl, Global Travel and Expense Management Software Market is expected to register 2.3X higher revenue in 2028 than that in 2018.

Global Travel and expense management software market is projected to exceed US$ 4.2 billion by 2028. Growth in the industry is attributed to increasing demand for processing corporate expenses at higher efficiency. The tool has helped various companies to streamline their finance with daily operations. Moreover, lower cost of managing the software has further boosted its demand. It is leveraged by many midsize and large enterprises to maximize revenue output.

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Complex business hierarchy and demand for efficient employee management has further boosted overall sales of travel and expense management software worldwide. As of 2017, the industry is characterized by higher consolidation with leading vendors accounting for the largest market share. While competition has increased in last few years, opportunities has increased over 3X in last five years. Mergers and acquisitions will play a significant role in overall industry development.

Trend#1: Midsize Enterprises Accounted for Highest Deployment of Travel and Expense Management Software in 2018

Mid-size and large scale enterprises will account for majority of the global share. As per the estimates, mid-size industry represents nearly 73% of established units.

Trend#2: North America to Account for Largest Travel and Expense Software Market in 2019

North America accounted for 49% of global share in 2018. This will lose its market share to Asia Pacific owing to higher digitization and increase in IT spending especially in china.

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Some key Travel and Expense Management Software market players are Data-Basics, Inc., BasWare, Inc., Coupa Software Incorporated, Apptricity Copr., Fraedom UK Limited, Ariett Business Solutions, Inc., 8common Limited, Insperity Payroll Services, LLC, Interplx, Inc., and KDS Inc.,

Key Topics Covered in Travel and Expense Management Software Market Report:

(*The list is partial. Contact Bekryl representative/request report sample to access complete TOC).

  1. Research Methodology
  2. Executive Summary
  3. Value Chain Analysis

3.1.   Profit Analysis

3.2.   Key Players Across Value Chain

  1. Key Spending Analysis
  2. Market Growth Scenario

5.1.   Pessimistic

5.2.   Optimistic

5.3.   Realistic

  1. Travel and Expense Management Software Market Dynamics

6.1.   Drivers

6.2.   Restraints

6.3.   Opportunities

6.4.   Trends

6.5.   Porter’s Analysis

  1. Global Travel and Expense Management Software Market, By Deployment Type (US$ Mn), 2018-2028

7.1.   In-Premise

7.2.   Cloud Based Deployment

  1. Global Travel and Expense Management Software Market, By Organization (US$ Mn), 2018-2028

8.1.   Small Scale Enterprises

8.2.   Midsize Enterprise

8.3.   Large Scale Enterprise

  1. Global Travel and Expense Management Software Market, By Industry Verticals (US$ Mn), 2018-2028

9.1.   BFSI

9.2.   Tourism

9.3.   Aersopace

9.4.   Healthcare

9.5.   IT

9.6.   Telecom

9.7.   Retail

9.8.   Others

  1. Travel and Expense Management Software Market, By Region (US$ Mn), 2018-2028 (Further Analyzed across Countries)

10.1.                    North America

10.2.                    Western Europe

10.3.                    Central & Eastern Europe (CEE)

10.4.                    Asia Pacific

10.5.                    Middle East

10.6.                    Latin America

10.7.                    Africa

  1. Travel and Expense Management Software Market Competition Landscape

11.1.                    Competition Dashboard

11.2.                    Distribution Channel Matrix

11.3.                    Company Profiles (Check above list of companies)

(The list is partial. Contact Bekryl representative to access detailed research scope)

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About Bekryl

Bekryl Market Analysts is a global market research and consulting service firm that helps industry stakeholders to take smarter decisions and achieve remarkable growth in today’s disruptive business environment. We bring together data, leader’s opinion and analytical service to help client define their growth strategy ranging from mergers and acquisitions based strategic decisions to finding market opportunity in business verticals namely chemicals, food & beverages, automotive, electronics and industrial production.


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