Global Expense Management Software Market Research Report Forecast to 2027

List of Tables

Expense Management Software Market Forecast till 2027

Market Overview

The expense management software is a financial tool that helps businesses automate and simplify the process of managing and approving employee expenses. This leads to time and effort savings and enables better control over expenses. Both small and large enterprises are embracing this software to increase efficiency and streamline their expense reporting process.

The software also offers increased visibility into expenses, boosting the growth of enterprises. The expense management software market is expected to grow in the coming years, driven by factors such as the growing use of mobile apps for expense monitoring and centralization of expense data in businesses.

Segment Overview

The expense management software market has been classified on the basis of vertical, type, end user, and region.

The expense management software market has been divided into PC terminal and mobile terminal types. However, the adoption of cloud-based implementation may face challenges due to lack of skilled professionals and limited technology awareness. Concerns about data theft and security are also expected to hinder the growth of the travel and expense management software industry.

On-premise systems are anticipated to maintain a significant share due to increased security and lower total cost of ownership, despite the convenience offered by cloud-based systems.

By end-user, the market is segmented into small businesses, medium-sized businesses, and large enterprises.

By industry, the global market has been classified into transportation & logistics, IT & telecom, government & public sector, manufacturing, BFSI, retail & e-commerce, energy & utilities, and others.

Regional Analysis

India is the second most populous country after China, and has seen significant advancements in its business processes and technology adoption. Small and medium-sized enterprises play a significant role in the expense management software market. The country has become a popular destination for outsourcing IT and manufacturing services by western companies. The government's digitization initiatives have also boosted the adoption of digital software solutions across businesses. The SaaS model has been a driving force in the Indian market and is expected to provide promising investment opportunities for market players.

Major Players

The key players of the global expense management software market include Workday Inc. (US), Intuit Inc. (US), Zoho Corporation Pvt. Ltd. (India), Coupa Software Inc. (US), Sodexo (France), Oracle (US), Insperity (US), Infor Inc. (US), IBM Corporation (US), SAP Concur (US), Xero Limited (New Zealand), and Expensify (US).

COVID 19 Impacts

COVID-19, which started in Wuhan, China in early 2020, has now affected more than 150 million people globally and is still on the rise. Lockdowns and restrictions such as travel barriers, closed shops and markets, and remote work have been implemented across major economies, along with guidelines from governments aimed at controlling the spread of the virus. However, the number of cases has still increased. The pandemic has impacted business and transformed the way it is conducted in the future. Despite negative effects, the situation has created positive change by forcing organizations to quickly adopt and modernize technology, making digitalization a necessity. This shift has allowed companies to reorganize around their customers, leading to more connected and profitable operations. The pandemic has also accelerated demand for cloud-based solutions, particularly in industries where remote work is necessary. The adoption of cloud-based expense management software can benefit businesses of any size, as it is cost-effective, reduces the chance of error, and provides advanced analytics for better financial understanding. As a result, market players are expected to see increased profitability during the projected period.

Market players have seen a rise in revenue during the COVID-19 pandemic and are forecasted to continue to gain profitability. Cloud-hosted expense management software is not only easily accessible but also smart, offering businesses and users insight into areas for improvement such as expense management and optimizing business processes.

Product Code: MRFR/ICT/5549-CR

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 LIST OF ASSUMPTIONS
2.4 MARKET STRUCTURE

3 MARKET INSIGHTS

4 MARKET DYNAMICS

4.1 OVERVIEW
4.2 DRIVERS
- 4.2.1 CENTRALIZATION OF ENTERPRISE EXPENSE-RELATED DATA
- 4.2.2 INCREASE IN THE ADOPTION OF MOBILE APPLICATIONS TO MONITOR EXPENSES
4.3 RESTRAINT
- 4.3.1 LACK OF INTEROPERABILITY AND SECURITY CONCERNS
4.4 OPPORTUNITY
- 4.4.1 INTEGRATION WITH PREDICTIVE ANALYTICS
4.5 IMPACT OF COVID-19 ON THE MARKET
- 4.5.1 INTRODUCTION
- 4.5.2 TRANSFORMATION OF BUSINESSES
- 4.5.3 GROWING ADOPTION OF CLOUD-BASED MODEL
- 4.5.4 INCREASE IN THE REVENUE OF EXPENSE MANAGEMENT SOFTWARE & SERVICES VENDORS

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS
- 5.1.1 DESIGNERS & PROGRAMMERS
- 5.1.2 SOLUTION DEVELOPERS
- 5.1.3 SYSTEM INTEGRATORS
- 5.1.4 END USER
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY

6 GLOBAL EXPENSE MANAGEMENT SOFTWARE MARKET, BY TYPE

6.1 OVERVIEW
6.2 PC TERMINAL
6.3 MOBILE TERMINAL

7 GLOBAL EXPENSE MANAGEMENT SOFTWARE MARKET, BY END USER

7.1 OVERVIEW
7.2 SMALL BUSINESS
7.3 MIDSIZED BUSINESS
7.4 LARGE ENTERPRISES

8 GLOBAL EXPENSE MANAGEMENT SOFTWARE MARKET, BY VERTICAL

8.1 OVERVIEW
8.2 BFSI
8.3 IT & TELECOM
8.4 RETAIL & E-COMMERCE
8.5 TRANSPORTATION & LOGISTICS
8.6 MANUFACTURING
8.7 GOVERNMENT & PUBLIC SECTOR
8.8 ENERGY & UTILITIES
8.9 OTHERS

9 GLOBAL EXPENSE MANAGEMENT SOFTWARE MARKET, BY REGION

9.1 OVERVIEW
9.2 US
9.3 EUROPE
9.4 CHINA
9.5 JAPAN
9.6 INDIA
9.7 SOUTHEAST ASIA

10 COMPETITIVE LANDSCAPE

10.1 COMPETITIVE SCENARIO
10.2 KEY DEVELOPMENTS

11 COMPANY PROFILES

11.1 IBM CORPORATION
- 11.1.1 COMPANY PROFILE
- 11.1.2 BUSINESS OVERVIEW
- 11.1.3 FINANCIAL OVERVIEW
- 11.1.4 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.2 ORACLE CORPORATION
- 11.2.1 COMPANY PROFILE
- 11.2.2 BUSINESS OVERVIEW
- 11.2.3 FINANCIAL OVERVIEW
- 11.2.4 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.3 SAP SE (SAP CONCUR)
- 11.3.1 COMPANY PROFILE
- 11.3.2 BUSINESS OVERVIEW
- 11.3.3 FINANCIAL OVERVIEW
- 11.3.4 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.4 SODEXO
- 11.4.1 COMPANY PROFILE
- 11.4.2 BUSINESS OVERVIEW
- 11.4.3 FINANCIAL OVERVIEW
- 11.4.4 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.5 INTUIT INC.
- 11.5.1 COMPANY PROFILE
- 11.5.2 BUSINESS OVERVIEW
- 11.5.3 FINANCIAL OVERVIEW
- 11.5.4 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.6 INSPERITY
- 11.6.1 COMPANY PROFILE
- 11.6.2 BUSINESS OVERVIEW
- 11.6.3 FINANCIAL OVERVIEW
- 11.6.4 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.7 INFOR
- 11.7.1 COMPANY PROFILE
- 11.7.2 BUSINESS OVERVIEW
- 11.7.3 FINANCIAL OVERVIEW
- 11.7.4 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.8 WORKDAY INC
- 11.8.1 COMPANY PROFILE
- 11.8.2 BUSINESS OVERVIEW
- 11.8.3 FINANCIAL OVERVIEW
- 11.8.4 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.9 XERO LIMITED
- 11.9.1 COMPANY PROFILE
- 11.9.2 BUSINESS OVERVIEW
- 11.9.3 FINANCIAL OVERVIEW
- 11.9.4 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.10 COUPA SOFTWARE INC
- 11.10.1 COMPANY PROFILE
- 11.10.2 BUSINESS OVERVIEW
- 11.10.3 FINANCIAL OVERVIEW
- 11.10.4 PRODUCTS/SERVICES/SOLUTIONS OFFERED
- 11.10.5 KEY DEVELOPMENT
11.11 ZOHO CORPORATION PVT LTD
- 11.11.1 COMPANY PROFILE
- 11.11.2 BUSINESS OVERVIEW
- 11.11.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.12 EXPENSIFY INC.
- 11.12.1 COMPANY PROFILE
- 11.12.2 BUSINESS OVERVIEW
- 11.12.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.13 CERTIFY INC.
- 11.13.1 COMPANY PROFILE
- 11.13.2 BUSINESS OVERVIEW
- 11.13.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.14 GUSTO
- 11.14.1 COMPANY PROFILE
- 11.14.2 BUSINESS OVERVIEW
- 11.14.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.15 RECEIPT BANK
- 11.15.1 COMPANY PROFILE
- 11.15.2 BUSINESS OVERVIEW
- 11.15.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.16 APPTRICITY CORPORATION
- 11.16.1 COMPANY PROFILE
- 11.16.2 BUSINESS OVERVIEW
- 11.16.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.17 PAYSIMPLE
- 11.17.1 COMPANY PROFILE
- 11.17.2 BUSINESS OVERVIEW
- 11.17.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
- 11.17.4 KEY DEVELOPMENT
11.18 NEXONIA
- 11.18.1 COMPANY PROFILE
- 11.18.2 MAIN BUSINESS/BUSINESS OVERVIEW
- 11.18.3 PRODUCT/SOLUTION OFFERED
11.19 EXPENSEPATH INC
- 11.19.1 COMPANY PROFILE
- 11.19.2 BUSINESS OVERVIEW
- 11.19.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.20 GLOBALPOINT TECHNOLOGIES INC
- 11.20.1 COMPANY PROFILE
- 11.20.2 BUSINESS OVERVIEW
- 11.20.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.21 SUMTOTAL SYSTEMS LLC
- 11.21.1 COMPANY PROFILE
- 11.21.2 BUSINESS OVERVIEW
- 11.21.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.22 REPLICON
- 11.22.1 COMPANY PROFILE
- 11.22.2 BUSINESS OVERVIEW
- 11.22.3 PRODUCT/ SOLUTIONS/ SOFTWARE OFFERED
11.23 YOURPEOPLE INC.(ZENEFITS)
- 11.23.1 COMPANY OVERVIEW
- 11.23.2 MAIN BUSINESS/BUSINESS OVERVIEW
- 11.23.3 PRODUCT/ SOFTWARE/SOLUTION OFFERED
11.24 TORQUS
- 11.24.1 COMPANY OVERVIEW
- 11.24.2 MAIN BUSINESS/BUSINESS OVERVIEW
- 11.24.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED