Analysis on Impact of Covid-19 - Travel and Expense Management Software Market 2019-2023 | Integration of Software with Mobile Apps to Boost Growth | Technavio

LONDON--()--Technavio has been monitoring the travel and expense management software market and it is poised to grow by USD 2.49 billion during 2019-2023, progressing at a CAGR of almost 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.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on Covid-19 Impact

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. Integration of software with mobile apps will offer immense growth opportunities. 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.

Integration of software with mobile apps has been instrumental in driving the growth of the market.

Travel and Expense Management Software Market 2019-2023: Segmentation

Travel and Expense Management Software Market is segmented as below:

  • Deployment
    • On-premises
    • SaaS-based
  • Geographic Landscape
    • North America
    • APAC
    • Europe
    • South America
    • MEA

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Travel and Expense Management Software Market 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our 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 rise in the adoption of travel and expense management software among SMEs as one of the prime reasons driving the travel and expense management software market growth during the next few years.

Travel and Expense Management Software Market 2019-2023: Vendor Analysis

We provide a detailed analysis of vendors operating in the travel and expense management software market, including some of the vendors such as Apptricity Corp., Basware Corp., DATABASICS Inc., Emburse, Expensify Inc., IBM Corp., Infor Inc., Oracle Corp., SAP SE (Concur), and Zoho Corporation Pvt Ltd. Backed with competitive intelligence and benchmarking, our research reports on the travel and expense management software market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Travel and Expense Management Software Market 2019-2023: Key Highlights

  • CAGR of the market during the forecast period 2019-2023
  • 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 Overview

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

  • Overview

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.

Contacts

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/

Release Summary

The rising adoption of travel and expense management software integrated with mobile apps will drive the market, according to Technavio

Contacts

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/