The travel and expense management software market is projected to grow from US$ 3,320.02 million in 2022 to US$ 5,272.56 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2022 to 2028.

Many companies are expanding internationally, resulting in a rise in the number of business travelers; this factor is further triggering the volume of travel and related expenses. In addition, the fraud risks and human errors restrict the ease and effectiveness of auditing travel and expense reports, which creates the demand for effective software solutions to manage these expenses. Thus, the growing number of mobile workforces, increasing use of mobile devices, surging adoption of SaaS applications in various industries, and rising integration of artificial intelligence and machine learning in software are among the key factors bolstering the travel and expense management software market.

In South America, the rising popularity of emerging travel and expense software in countries such as Brazil and Argentina propels the growth of the travel and expense management software market. The region witnessed significant technical advancements in recent years. Meanwhile, in the Middle East & Africa, government initiatives related to digitization in Saudi Arabia, the UAE, South Africa, and other countries are expected to create opportunities for the market players during the forecast period. With the expansion of targeted spending on travel and expense, increasing use of smartphones among the population, the availability of low-cost internet access, and the growing penetration of mobile devices, there is a high demand for cost-effective travel and expense management software. Moreover, the developing transportation & logistics industry and the rising adoption of strategic alliances among the key players would propel the travel and expense management software growth market in the region during the forecast period.

The growing healthcare industry is expected to boost the deployment of travel and expense management software in this region. The travel and expense management software integrated with travel service providers in the healthcare industry offers real-time quotes, bookings, and trip logistics in one place. Therefore, its demand is rising in the industry. Managers can track bookings, cancellations, adjustments, and rescheduling in real time, eliminating many human errors. All these offerings anticipate lucrative opportunities for the growth of the travel and expense management software market. Moreover, industrialization has been gaining traction across the region. The startups are focusing on expansion strategies. For instance, in March 2022, the US-based fintech “Jeeves,” a corporate card and expense management platform for global startups, started operations in Brazil. These expansion strategies are further supporting the travel and expense management software market growth in the region

The IT & Telecom industry is extensively deploying SaaS-based solutions as they are economical, can be accessed from any place, and provide all software functions at a minimum cost of ownership. The travel and expense management software market growth can be attributed to its fast deployment speed, low upfront costs, and flexibility that can be changed according to the company’s requirements. Complicated and multi-hierarchal structures of organizations and the high adoption of mobile devices have created lucrative opportunities for the travel and expense management software market. In addition, deployment mode such as P2P and cloud for travel and expense management software in the telecom sector have propelled the demand for the software in the IT & Telecom industry. The leaders in the software industry have been adopting innovative solutions for managing spending. In January 2019, Certify, Inc. launched Certify Purchasing, a new cloud-based procure-to-pay (P2P) platform to enable IT & Telecom organizations’ account payable departments to manage their spending.

The travel and expense management software market is segmented on the basis of deployment, enterprise size, industry, and geography. Based on deployment, the market is bifurcated into on-premises and cloud. In terms of enterprise size, the market is bifurcated into small and medium enterprises, and large enterprises. Based on industry, the market is segmented into BFSI, IT & telecom, manufacturing, healthcare, government & logistics, transport & logistics, retails, and others. Based on geography, the travel and expense management software market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

The overall travel and expense management software market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also helps obtain an overview and forecast of the travel and expense management software market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the travel and expense management software market.

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Travel and Expense Management Software Market – By Deployment
1.3.2 Travel and Expense Management Software Market – By Enterprise Size
1.3.3 Travel and Expense Management Software Market – By Industry
1.3.4 Travel and Expense Management Software Market- By Region
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Travel and Expense Management Software Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East and Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Travel and Expense Management Software Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Mobile Workforce
5.1.2 Hassle-Free Claims and Reimbursements
5.2 Market Restraints
5.2.1 Constant Threat of Data Breach
5.3 Market Opportunities
5.3.1 Rising Adoption of SaaS Applications
5.4 Future Trends
5.4.1 Emergence of Artificial Intelligence (AI) and Machine Learning (ML)
5.5 Impact Analysis of Drivers and Restraints
6. Travel and Expense Management Software Market – Global Analysis
6.1 Travel and Expense Management Software Market Global Overview
6.2 Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Travel and Expense Management Software Market Analysis – By Deployment
7.1 Overview
7.2 Travel and Expense Management Software Market, By Deployment (2021 and 2028)
7.3 On-Premise
7.3.1 Overview
7.3.2 On-Premise: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Cloud
7.4.1 Overview
7.4.2 Cloud: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
8. Travel and Expense Management Software Market Analysis –By Enterprise Size
8.1 Overview
8.2 Travel and Expense Management Software Market, By Enterprise Size (2021 and 2028)
8.3 Large Enterprises
8.3.1 Overview
8.3.2 Large Enterprises: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Small and Medium Enterprises
8.4.1 Overview
8.4.2 Small and Medium Enterprises: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
9. Travel and Expense Management Software Market Analysis – By Industry
9.1 Overview
9.2 Travel and Expense Management Software Market Breakdown, by Industry, 2021 & 2028
9.3 BFSI
9.3.1 Overview
9.3.2 BFSI Market Revenue and Forecast to 2028 (US$ Million)
9.4 IT and Telecom
9.4.1 Overview
9.4.2 IT and Telecom Market Revenue and Forecast to 2028 (US$ Million)
9.5 Manufacturing
9.5.1 Overview
9.5.2 Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
9.6 Healthcare
9.6.1 Overview
9.6.2 Healthcare Market Revenue and Forecast to 2028 (US$ Million)
9.7 Government and Defense
9.7.1 Overview
9.7.2 Government and Defense Market Revenue and Forecast to 2028 (US$ Million)
9.8 Transportation and Logistics
9.8.1 Overview
9.8.2 Transportation and Logistics Market Revenue and Forecast to 2028 (US$ Million)
9.9 Retail
9.9.1 Overview
9.9.2 Retail Market Revenue and Forecast to 2028 (US$ Million)
9.10 Others
9.10.1 Overview
9.10.2 Others Market Revenue and Forecast to 2028 (US$ Million)
10. Travel and Expense Management Software Market – Geographic Analysis
10.1 Overview
10.2 North America: Travel and Expense Management Software Market
10.2.1 North America: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Travel and Expense Management Software Market, by Deployment
10.2.3 North America: Travel and Expense Management Software Market, by Enterprise Size
10.2.4 North America: Travel and Expense Management Software Market, by Industry
10.2.5 North America: Travel and Expense Management Software Market, by Key Country
10.2.5.1 US: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Travel and Expense Management Software Market, by Deployment
10.2.5.1.2 US: Travel and Expense Management Software Market, by Enterprise Size
10.2.5.1.3 US: Travel and Expense Management Software Market, by Industry
10.2.5.2 Canada: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Travel and Expense Management Software Market, by Deployment
10.2.5.2.2 Canada: Travel and Expense Management Software Market, by Enterprise Size
10.2.5.2.3 Canada: Travel and Expense Management Software Market, by Industry
10.2.5.3 Mexico: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Travel and Expense Management Software Market, by Deployment
10.2.5.3.2 Mexico: Travel and Expense Management Software Market, by Enterprise Size
10.2.5.3.3 Mexico: Travel and Expense Management Software Market, by Industry
10.3 Europe: Travel and Expense Management Software Market
10.3.1 Europe: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Travel and Expense Management Software Market, by Deployment
10.3.3 Europe: Travel and Expense Management Software Market, by Enterprise Size
10.3.4 Europe: Travel and Expense Management Software Market, by Industry
10.3.5 Europe: Travel and Expense Management Software Market, by Key Country
10.3.5.1 France: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 France: Travel and Expense Management Software Market, by Deployment
10.3.5.1.2 France: Travel and Expense Management Software Market, by Enterprise Size
10.3.5.1.3 France: Travel and Expense Management Software Market, by Industry
10.3.5.2 Germany: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 Germany: Travel and Expense Management Software Market, by Deployment
10.3.5.2.2 Germany: Travel and Expense Management Software Market, by Enterprise Size
10.3.5.2.3 Germany: Travel and Expense Management Software Market, by Industry
10.3.5.3 Italy: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Travel and Expense Management Software Market, by Deployment
10.3.5.3.2 Italy: Travel and Expense Management Software Market, by Enterprise Size
10.3.5.3.3 Italy: Travel and Expense Management Software Market, by Industry
10.3.5.4 UK: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Travel and Expense Management Software Market, by Deployment
10.3.5.4.2 UK: Travel and Expense Management Software Market, by Enterprise Size
10.3.5.4.3 UK: Travel and Expense Management Software Market, by Industry
10.3.5.5 Russia: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Travel and Expense Management Software Market, by Deployment
10.3.5.5.2 Russia: Travel and Expense Management Software Market, by Enterprise Size
10.3.5.5.3 Russia: Travel and Expense Management Software Market, by Industry
10.3.5.6 Rest of Europe: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Travel and Expense Management Software Market, by Deployment
10.3.5.6.2 Rest of Europe: Travel and Expense Management Software Market, by Enterprise Size
10.3.5.6.3 Rest of Europe: Travel and Expense Management Software Market, by Industry
10.4 APAC: Travel and Expense Management Software Market
10.4.1 APAC: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.2 APAC: Travel and Expense Management Software Market, by Deployment
10.4.3 APAC: Travel and Expense Management Software Market, by Enterprise Size
10.4.4 APAC: Travel and Expense Management Software Market, by Industry
10.4.5 APAC: Travel and Expense Management Software Market, by Key Country
10.4.5.1 Australia: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 Australia: Travel and Expense Management Software Market, by Deployment
10.4.5.1.2 Australia: Travel and Expense Management Software Market, by Enterprise Size
10.4.5.1.3 Australia: Travel and Expense Management Software Market, by Industry
10.4.5.2 China: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 China: Travel and Expense Management Software Market, by Deployment
10.4.5.2.2 China: Travel and Expense Management Software Market, by Enterprise Size
10.4.5.2.3 China: Travel and Expense Management Software Market, by Industry
10.4.5.3 India: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 India: Travel and Expense Management Software Market, by Deployment
10.4.5.3.2 India: Travel and Expense Management Software Market, by Enterprise Size
10.4.5.3.3 India: Travel and Expense Management Software Market, by Industry
10.4.5.4 Japan: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 Japan: Travel and Expense Management Software Market, by Deployment
10.4.5.4.2 Japan: Travel and Expense Management Software Market, by Enterprise Size
10.4.5.4.3 Japan: Travel and Expense Management Software Market, by Industry
10.4.5.5 South Korea: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: Travel and Expense Management Software Market, by Deployment
10.4.5.5.2 South Korea: Travel and Expense Management Software Market, by Enterprise Size
10.4.5.5.3 South Korea: Travel and Expense Management Software Market, by Industry
10.4.5.6 Rest of APAC: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of APAC: Travel and Expense Management Software Market, by Deployment
10.4.5.6.2 Rest of APAC: Travel and Expense Management Software Market, by Enterprise Size
10.4.5.6.3 Rest of APAC: Travel and Expense Management Software Market, by Industry
10.5 MEA: Travel and Expense Management Software Market
10.5.1 MEA: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.5.2 MEA: Travel and Expense Management Software Market, by Deployment
10.5.3 MEA: Travel and Expense Management Software Market, by Enterprise Size
10.5.4 MEA: Travel and Expense Management Software Market, by Industry
10.5.5 MEA: Travel and Expense Management Software Market, by Key Country
10.5.5.1 South Africa: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Travel and Expense Management Software Market, by Deployment
10.5.5.1.2 South Africa: Travel and Expense Management Software Market, by Enterprise Size
10.5.5.1.3 South Africa: Travel and Expense Management Software Market, by Industry
10.5.5.2 Saudi Arabia: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 Saudi Arabia: Travel and Expense Management Software Market, by Deployment
10.5.5.2.2 Saudi Arabia: Travel and Expense Management Software Market, by Enterprise Size
10.5.5.2.3 Saudi Arabia: Travel and Expense Management Software Market, by Industry
10.5.5.3 UAE: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 UAE: Travel and Expense Management Software Market, by Deployment
10.5.5.3.2 UAE: Travel and Expense Management Software Market, by Enterprise Size
10.5.5.3.3 UAE: Travel and Expense Management Software Market, by Industry
10.5.5.4 Rest of MEA: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of MEA: Travel and Expense Management Software Market, by Deployment
10.5.5.4.2 Rest of MEA: Travel and Expense Management Software Market, by Enterprise Size
10.5.5.4.3 Rest of MEA: Travel and Expense Management Software Market, by Industry
10.6 SAM: Travel and Expense Management Software Market
10.6.1 SAM: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.6.2 SAM: Travel and Expense Management Software Market, by Deployment
10.6.3 SAM: Travel and Expense Management Software Market, by Enterprise Size
10.6.4 SAM: Travel and Expense Management Software Market, by Industry
10.6.5 SAM: Travel and Expense Management Software Market, by Key Country
10.6.5.1 Brazil: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Travel and Expense Management Software Market, by Deployment
10.6.5.1.2 Brazil: Travel and Expense Management Software Market, by Enterprise Size
10.6.5.1.3 Brazil: Travel and Expense Management Software Market, by Industry
10.6.5.2 Argentina: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Travel and Expense Management Software Market, by Deployment
10.6.5.2.2 Argentina: Travel and Expense Management Software Market, by Enterprise Size
10.6.5.2.3 Argentina: Travel and Expense Management Software Market, by Industry
10.6.5.3 Rest of SAM: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of SAM: Travel and Expense Management Software Market, by Deployment
10.6.5.3.2 Rest of SAM: Travel and Expense Management Software Market, by Enterprise Size
10.6.5.3.3 Rest of SAM: Travel and Expense Management Software Market, by Industry
11. Impact of COVID-19 Pandemic on Travel and Expense Management Software Market
11.1 Overview
11.2 North America
11.3 Europe
11.4 Asia-Pacific
11.5 Middle East and Africa
11.6 South America
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Partnership Strategy
13. Company Profiles
13.1 Basware Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Certify, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Chrome River Technologies, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Coupa Software Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 DATABASICS Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Expensify, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 INFOR, INC.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 GB Business Global
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Oracle Corporation
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Concur Technologies, Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index

LIST OF TABLES

Table 1. Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Travel and Expense Management Software Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 6. US: Travel and Expense Management Software Market, by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Travel and Expense Management Software Market, by Enterprise Size –Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Travel and Expense Management Software Market, by Industry –Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Travel and Expense Management Software Market, by Deployment– Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe: Travel and Expense Management Software Market, by Industry– Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe Travel and Expense Management Software Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 19. France: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 20. France: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 21. France: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 22. Germany: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 23. Germany: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 24. Germany: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 29. UK: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 30. UK: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 37. APAC: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 38. APAC: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 39. APAC: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 40. APAC Travel and Expense Management Software Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 41. Australia: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 43. Australia: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 44. China: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 45. China: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 46. China: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 47. India: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 48. India: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 49. India: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 50. Japan: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 51. Japan: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 52. Japan: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 53. South Korea: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 54. South Korea: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 55. South Korea: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of APAC: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of APAC: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of APAC: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 59. MEA: Travel and Expense Management Software Market, by Deployment– Revenue and Forecast to 2028 (US$ Million)
Table 60. MEA: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 61. MEA: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 62. MEA Travel and Expense Management Software Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 63. South Africa: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 64. South Africa: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 65. South Africa: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 66. Saudi Arabia: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 67. Saudi Arabia: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 68. Saudi Arabia: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 69. UAE: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 70. UAE: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 71. UAE: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of MEA: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of MEA: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of MEA: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 75. SAM: Travel and Expense Management Software Market, by Deployment– Revenue and Forecast to 2028 (US$ Million)
Table 76. SAM: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 77. SAM: Travel and Expense Management Software Market, by Industry– Revenue and Forecast to 2028 (US$ Million)
Table 78. SAM Travel and Expense Management Software Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 79. Brazil: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 80. Brazil: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 81. Brazil: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 82. Argentina: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 83. Argentina: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 84. Argentina: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 85. Rest of SAM: Travel and Expense Management Software Market, by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 86. Rest of SAM: Travel and Expense Management Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 87. Rest of SAM: Travel and Expense Management Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 88. List of Abbreviation

LIST OF FIGURES

Figure 1. Travel and Expense Management Software Market Segmentation
Figure 2. Travel and Expense Management Software Market Segmentation – By Geography
Figure 3. Global Travel and Expense Management Software Market Overview
Figure 4. Cloud Segment Held the Largest Market Share Based on Deployment
Figure 5. Large Enterprise Segment Held the Largest Market Share Based on Enterprise Size
Figure 6. IT and Telecom Segment Held the Largest Market Share Based on Industry
Figure 7. APAC to Show Great Traction During Forecast Period
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. Asia-Pacific: PEST Analysis
Figure 11. Middle East and Africa: PEST Analysis
Figure 12. South America: PEST Analysis
Figure 13. Expert Opinion
Figure 14. Travel and Expense Management Software Market: Impact Analysis of Drivers and Restraints
Figure 15. Geographic Overview of Travel and Expense Management Software Market
Figure 16. Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Travel and Expense Management Software Market Revenue Share, by Deployment (2021 and 2028)
Figure 18. On-Premise: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Cloud: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Travel and Expense Management Software Market Revenue Share, by Enterprise Size (2021 and 2028)
Figure 21. Large Enterprises: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Small and Medium Enterprises: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Travel and Expense Management Software Market Breakdown, by Industry (2021 and 2028)
Figure 24. BFSI Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. IT and Telecom Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Healthcare Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Government and Defense Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Transportation and Logistics Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Retail Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. Global Travel and Expense Management Software Market Revenue Share, by Region (2021 and 2028)
Figure 33. North America: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. North America: Travel and Expense Management Software Market Revenue Share, by Deployment (2021 and 2028)
Figure 35. North America: Travel and Expense Management Software Market Revenue Share, by Enterprise Size (2021 and 2028)
Figure 36. North America: Travel and Expense Management Software Market Revenue Share, 2021 and 2028by Industry (2021 and 2028)
Figure 37. North America: Travel and Expense Management Software Market Revenue Share, by Key Country (2021 and 2028)
Figure 38. US: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Canada: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Mexico: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Europe: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Europe: Travel and Expense Management Software Market Revenue Share, by Deployment (2021 and 2028)
Figure 43. Europe: Travel and Expense Management Software Market Revenue Share, by Enterprise Size (2021 and 2028)
Figure 44. Europe: Travel and Expense Management Software Market Revenue Share, by Industry (2021 and 2028)
Figure 45. Europe: Travel and Expense Management Software Market Revenue Share, by Key Country (2021 and 2028)
Figure 46. France: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Germany: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Italy: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. UK: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Russia: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Rest of Europe: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. APAC: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. APAC: Travel and Expense Management Software Market Revenue Share, by Deployment (2021 and 2028)
Figure 54. APAC: Travel and Expense Management Software Market Revenue Share, by Enterprise Size (2021 and 2028)
Figure 55. APAC: Travel and Expense Management Software Market Revenue Share, by Industry (2021 and 2028)
Figure 56. APAC: Travel and Expense Management Software Market Revenue Share, by Key Country (2021 and 2028)
Figure 57. Australia: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. China: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. India: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. Japan: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. South Korea: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. Rest of APAC: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. MEA: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. MEA: Travel and Expense Management Software Market Revenue Share, by Deployment (2021 and 2028)
Figure 65. MEA: Travel and Expense Management Software Market Revenue Share, by Enterprise Size (2021 and 2028)
Figure 66. MEA: Travel and Expense Management Software Market Revenue Share, by Industry (2021 and 2028)
Figure 67. MEA: Travel and Expense Management Software Market Revenue Share, by Key Country (2021 and 2028)
Figure 68. South Africa: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Saudi Arabia: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. UAE: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. Rest of MEA: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. SAM: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. SAM: Travel and Expense Management Software Market Revenue Share, by Deployment (2021 and 2028)
Figure 74. SAM: Travel and Expense Management Software Market Revenue Share, by Enterprise Size (2021 and 2028)
Figure 75. SAM: Travel and Expense Management Software Market Revenue Share, by Industry (2021 and 2028)
Figure 76. SAM: Travel and Expense Management Software Market Revenue Share, by Key Country (2021 and 2028)
Figure 77. Brazil: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 78. Argentina: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 79. Rest of SAM: Travel and Expense Management Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 80. Impact of COVID-19 Pandemic on Market in North American Country
Figure 81. Impact of COVID-19 Pandemic on Market in Europe Country
Figure 82. Impact of COVID-19 Pandemic on Market in Asia Pacific Country
Figure 83. Impact of COVID-19 Pandemic on Market in the Middle East and Africa Country
Figure 84. Impact of COVID-19 Pandemic on Market in South America Country

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global travel and expense management software market.
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the global travel and expense management software market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

The List of Companies – Travel and Expense Management Software Market
1. Basware, Inc.
2. Certify, Inc.
3. Chrome River technology
4. Coupa Software Incorporated
5. Databasics, Inc.
6. Infor
7. Oracle
8. SAP
9. KDC Inc.
10. Expensify

According to our latest study on “Travel and Expense Management Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Deployment, Enterprise Size, and Industry,” the market is projected to grow from US$ 3,320.02 million in 2022 to US$ 5,276.56 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2022 to 2028.

Hassle-Free Claims and Reimbursements Fuel Travel and Expense Management Software Market Growth

The detailed procedures of the expense reimbursement cycle make the travel and expense management tasks time-consuming and tedious. It becomes difficult for employees and the finance teams to ensure timely submissions and processing of expenses. By installing travel and expense management software, one can monitor and analyze a large amount of expense data on a single platform, which saves time and money. Organizations ask employees to attach receipts with every claim in their expense reports because those receipts act as proof. Handling the receipts is a tough task for the employees, and this also increases the burden on finance teams to accumulate, verify, and document them. Travel and expense management software tracks all employee receipts and offers a simplified platform to the employees for generating expense reports and submitting them to the management for authorizing reimbursements. The software also helps manage travel bookings and make itineraries for an employee, which provides an organized way to manage the data. The software provides consolidated data on all expenses made by employees, which assists in managing budgets and driving policy compliance. All these factors boost the growth of the travel and expense management software market.

During COVID-19 pandemic, the US was the worst-hit country in North America. In 2020, the continuous growth of COVID-19 cases led the government to impose a lockdown across the nation’s borders. The pandemic adversely affected businesses and organizations, and they started adopting work-from-home culture due to restrictions and bans. This stopped business travel, negatively affecting the travel and expense management software market. Moreover, after the relaxation of the restrictions by the governments, there was no surge in business travel during the first quarter of 2021, as people were worried about getting infected and required some time to feel ready to travel. However, after the second quarter of 2021, people started to travel for business, hence bolstering the travel and expense management software market growth. The COVID-19 outbreak had a limited short-term impact on the travel and expense management software market. The short-term effect of the pandemic did not affect overall sales in business travel in 2021, mainly because of the mounting requirement for a mobile workforce by various regional companies.

Key Findings of Study:

The travel and expense management software market has been segmented on the basis of deployment, enterprise size, industry, and geography. Based on deployment, the travel and expense management software market is bifurcated into on-premises and cloud. In terms of enterprise size, the travel and expense management software market is bifurcated into small and medium enterprises and large enterprises. Based on industry, the travel and expense management software market is segmented into BFSI, IT & telecom, manufacturing, healthcare, government & defense, transport & logistics, retail, and others. Based on geography, the travel and expense management software market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). Asia Pacific comprises developing economies such as China, India, and South Korea; several Southeastern countries; and developed economies such as Australia and Japan. Countries in Asia Pacific, such as China, India, Vietnam, and Indonesia, have been evolving their technology concepts and using various technologies to manage their travel and related expenses effectively.

The demand for cloud-based travel and expense management software is higher than that for the software deployed on premises due to the lower deployment cost and stronger network infrastructure in developed countries. The cloud-based software vendors are creating a high-level security patch to eliminate the risk of cyber-attacks, which drives the travel and expense management software market. Cloud has gained popularity across the world as it offers flexibility for enterprises, reduces processing time, and saves time and money to improve skill and scalability. Cloud deployment mode allows enterprises to pay as per their requirements. Cloud-based travel and expense management software ensures cost control and helps reduce human errors. Also, it does not require capital cost and takes regular data backup. Owing to all these factors, the demand for cloud-based software is increasing. Moreover, the software allows enterprises to connect with customers, partners, and other businesses remotely. Cloud-based travel and expense management software allows finance teams and mobile workforce to collaborate from multiple locations. The receipt management feature encourages enterprises to access expense details from a centralized storage space. Hence, all above-mentioned factors drive the growth of the travel and expense management software market in the cloud segments.