Growth of Travel and Expense Management Software Market to Be Impacted by the Increasing Use of AI | Technavio

The market will accelerate at a CAGR of 11.78% between 2019-2023

Technavio has announced its latest market research report titled global travel and expense management software market 2019-2023. (Graphic: Business Wire)

LONDON--()--The report, travel and expense management software market 2019-2023, has been added to Technavio's catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on deployment, component, and geography for the forecast period 2019-2023.

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The report on the travel and expense management software market includes:

Travel and expense management software market analysis and forecast 2019-2023: Features

  • Competitive landscape
  • Market segmentation
    • Deployment
    • Component
    • Geography
  • Market drivers
  • Market trends
  • Market challenges
  • Five forces analysis
  • Market landscape
  • Market sizing & forecast

Travel and expense management software Market 2019-2023: Competitive landscape

  • Vendors covered
  • Vendor classification
    • Certify
    • Chrome River Technologies
    • Expensify
    • Infor
    • SAP (Concur)

Travel and expense management software Market Landscape 2019-2023: Geographic Landscape

  • Americas - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023

Travel and expense management software Market Landscape 2019-2023: Deployment

  • SaaS-based - Market size and forecast 2018-2023
  • On-premises - Market size and forecast 2018-2023

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Technavio's SUBSCRIPTION platform

Rising adoption of travel and expense management software integrated with mobile apps will drive the travel and expense management software market

Enterprises are increasingly adopting travel and expense management mobile apps to stay connected around the clock. The integration of travel and expense management software with mobile applications offers employees the freedom to manage expenses from any location. It also enables enterprises to verify the services offered by travel agents including booking, cancellation and departure information Thus, the integration of the travel and expense management software with mobile apps will drive the market growth during the forecast period.

Use of AI with travel and expense management software – An emerging trend in the travel and expense management software market

AI in travel and expense software can reduce or even eliminate frauds by auditing the authenticity of the expense submitted by employees. Using AI, enterprises can perform an automated policy check and audit trail and flag non-compliant employees. Such benefits will trigger the use of AI in travel and expense management software during the forecast period.

Other Key Topics Covered in the Report are:

MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis 

MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023 

Get Full Report: https://www.technavio.com/report/global-travel-and-expense-management-software-market-industry-analysis

CUSTOMER LANDSCAPE

DECISION FRAMEWORK

DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

MARKET TRENDS

  • Use of artificial intelligence (AI) with travel and expense management software
  • Incorporation of analytics
  • Rise in adoption of travel and expense management software among SMEs

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com.
Website: https://www.technavio.com/

Release Summary

The report, travel and expense management software market 2019-2023, has been added to Technavio's catalog.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com.
Website: https://www.technavio.com/