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Travel And Expense Management Software Market will Showcase Positive Impact During 2020-2024 | Increasing Mobile Workforce to Boost Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Oct 15, 2020–

Technavio has been monitoring the global travel and expense management software market size and it is poised to grow by USD 2.85 billion during 2020-2024, progressing at a CAGR of over 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Travel and Expense Management Software Market 2020-2024 (Graphic: Business Wire)

Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis.Download Latest Free Sample Report on COVID-19 Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Apptricity Corp., Basware Corp., DATABASICS Inc., Emburse, Expensify Inc., IBM Corp., Infor Inc., Oracle Corp., SAP SE (Concur), and Zoho Corporation Pvt Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Increasing mobile workforce has been instrumental in driving the growth of the market.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.Download a Free Sample Report on COVID-19 Impacts

Travel and Expense Management Software Market 2020-2024: Segmentation

Travel and Expense Management Software Market is segmented as below:

  • Deployment
  • Geographic Landscape
    • North America
    • Europe
    • APAC
    • South America
    • MEA

Travel and Expense Management Software Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The travel and expense management software market report covers the following areas:

  • Travel and Expense Management Software Market Size
  • Travel and Expense Management Software Market Trends
  • Travel and Expense Management Software Market Industry Analysis

This study identifies the requirement to reduce employee travel and expense reimbursement frauds as one of the prime reasons driving the Travel and Expense Management Software Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Travel and Expense Management Software Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist travel and expense management software market growth during the next five years
  • Estimation of the travel and expense management software market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the travel and expense management software market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of travel and expense management software market, vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Deployment

  • Market segments
  • Comparison by Deployment placement
  • On-premises – Market size and forecast 2019-2024
  • SaaS-based – Market size and forecast 2019-2024
  • Market opportunity by Deployment

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption
  • Vendor Analysis

Vendors covered

  • Market positioning of vendors
  • Apptricity Corp.
  • Basware Corp.
  • DATABASICS Inc.
  • Emburse
  • Expensify Inc.
  • IBM Corp.
  • Infor Inc.
  • Oracle Corp.
  • SAP SE (Concur)
  • Zoho Corporation Pvt Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201015005641/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:www.technavio.com/ 

KEYWORD:

INDUSTRY KEYWORD: PROFESSIONAL SERVICES TECHNOLOGY OTHER TRAVEL HUMAN RESOURCES SOFTWARE TRAVEL

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 10/15/2020 12:30 PM/DISC: 10/15/2020 12:31 PM

http://www.businesswire.com/news/home/20201015005641/en

Copyright Business Wire 2020.

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