Travel and Expense Management Software Market Size, Share, Trends, Industry Analysis Report: By Deployment, Organization Size, and Region

Description

List of Tables

The travel and expense management software market size is expected to reach USD 20,613.98 million by 2034, according to a new study by Polaris Market Research. The report "Travel and Expense Management Software Market Size, Share, Trends, Industry Analysis Report: By Deployment (Cloud and On-Premise), Organization Size, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

Travel and expense management software helps businesses automate and streamline the process of managing employee travel bookings, tracking expenses, and ensuring compliance with company policies.

The demand for travel and expense management software is driven by its ability to integrate with other enterprise systems, such as accounting software, ERP systems, and travel booking platforms. This integration allows for smooth data flow between different departments and systems, reducing the need for manual data entry and minimizing the risk of errors. It enables organizations to consolidate travel and expense data in one place, making financial reporting more accurate and efficient. Additionally, integrated systems improve decision-making, provide better insights into spending patterns, and improve overall operational efficiency by linking travel-related data with broader business processes. Consequently, driving the growth of the travel and expense management software market.

Employee and corporate efficiency are major drivers for adopting travel and expense management software. Providing employees with self-service options, such as mobile apps and online portals, allows companies to reduce the administrative burden on finance teams and empower employees to submit expenses and book travel directly. This leads to faster approvals, quicker reimbursements, and fewer delays in the expense process. Businesses are also setting clear policies and automating approvals, ensuring a streamlined and transparent process. The result is improved productivity, employee satisfaction, financial oversight, and reduced manual intervention within the organization, driving the adoption of the travel and expense management software.

Travel and Expense Management Software Market Report Highlights

In 2024, the large enterprise segment dominated the travel and expense management software market as larger organizations typically have more complex travel and expense needs, including managing a larger volume of transactions, employees, and budgets.
The cloud segment is expected to witness significant growth during the forecast period due to the flexibility that cloud deployment provides.
In 2024, North America dominated the travel and expense management software market as region is the home to many large enterprises that require advanced solutions for managing travel expenses efficiently.
Asia Pacific is expected to record a significant market share during the forecast period, driven by the increasing expansion of businesses and rising levels of business travel in countries such as China, Japan, and Australia.
The global key market players are Emburse, Inc.; Concur Technologies, Inc.; GBT Travel Services U.K. Limited; Infor; Oracle; Oversight; Sodexo; Happay; VV Finly Technologies Pvt. Ltd.; and Zoho Corporation Pvt. Ltd.

Polaris market research has segmented the travel and expense management software market report based on deployment, organization size, and region:

By Deployment (Revenue - USD Million, 2020-2034)

Cloud
On-Premises

By Organization Size (Revenue - USD Million, 2020-2034)

SMEs
Large Enterprises

By Regional Outlook (Revenue - USD Million, 2020-2034)

North America
US
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa

Product Code: PM2107

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Travel and Expense Management Software Market Insights

4.1. Travel and Expense Management Software Market - Market Snapshot
4.2. Travel and Expense Management Software Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Growing Business Travels
  - 4.2.1.2. Mobile Accessibility and Remote Work Trends
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. Lack of Skilled Workforce
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Travel and Expense Management Software Market Organization Size Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Travel and Expense Management Software Market, by Deployment

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
5.3. On-Premise
- 5.3.1. Global Travel and Expense Management Software Market, by On-Premise, by Region, 2020-2034 (USD Million)
5.4. Cloud
- 5.4.1. Global Travel and Expense Management Software Market, by Cloud, by Region, 2020-2034 (USD Million)

6. Global Travel and Expense Management Software Market, by Organization Size

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
6.3. SMEs
- 6.3.1. Global Travel and Expense Management Software Market, by SMEs, by Region, 2020-2034 (USD Million)
6.4. Large Enterprise
- 6.4.1. Global Travel and Expense Management Software Market, by Large Enterprise, by Region, 2020-2034 (USD Million)

7. Global Travel and Expense Management Software Market, by Geography

7.1. Key Findings
7.2. Introduction
- 7.2.1. Travel and Expense Management Software Market Assessment, By Geography, 2020-2034 (USD Million)
7.3. Travel and Expense Management Software Market - North America
- 7.3.1. North America: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
- 7.3.2. North America: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.3.3. Travel and Expense Management Software Market - U.S.
  - 7.3.3.1. U.S.: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.3.3.2. U.S.: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.3.4. Travel and Expense Management Software Market - Canada
  - 7.3.4.1. Canada: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.3.4.2. Canada: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
7.4. Travel and Expense Management Software Market - Europe
- 7.4.1. Europe: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
- 7.4.2. Europe: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.4.3. Travel and Expense Management Software Market - UK
  - 7.4.3.1. UK: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.4.3.2. UK: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.4.4. Travel and Expense Management Software Market - France
  - 7.4.4.1. France: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.4.4.2. France: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.4.5. Travel and Expense Management Software Market - Germany
  - 7.4.5.1. Germany: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.4.5.2. Germany: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.4.6. Travel and Expense Management Software Market - Italy
  - 7.4.6.1. Italy: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.4.6.2. Italy: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.4.7. Travel and Expense Management Software Market - Spain
  - 7.4.7.1. Spain: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.4.7.2. Spain: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.4.8. Travel and Expense Management Software Market - Netherlands
  - 7.4.8.1. Netherlands: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.4.8.2. Netherlands: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.4.9. Travel and Expense Management Software Market - Russia
  - 7.4.9.1. Russia: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.4.9.2. Russia: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.4.10. Travel and Expense Management Software Market - Rest of Europe
  - 7.4.10.1. Rest of Europe: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.4.10.2. Rest of Europe: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
7.5. Travel and Expense Management Software Market - Asia Pacific
- 7.5.1. Asia Pacific: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
- 7.5.2. Asia Pacific: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.5.3. Travel and Expense Management Software Market - China
  - 7.5.3.1. China: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.5.3.2. China: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.5.4. Travel and Expense Management Software Market - India
  - 7.5.4.1. India: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.5.4.2. India: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.5.5. Travel and Expense Management Software Market - Malaysia
  - 7.5.5.1. Malaysia: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.5.5.2. Malaysia: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.5.6. Travel and Expense Management Software Market - Japan
  - 7.5.6.1. Japan: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.5.6.2. Japan: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.5.7. Travel and Expense Management Software Market - Indonesia
  - 7.5.7.1. Indonesia: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.5.7.2. Indonesia: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.5.8. Travel and Expense Management Software Market - South Korea
  - 7.5.8.1. South Korea: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.5.8.2. South Korea: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.5.9. Travel and Expense Management Software Market - Australia
  - 7.5.9.1. Australia: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.5.9.2. Australia: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.5.10. Travel and Expense Management Software Market - Rest of Asia Pacific
  - 7.5.10.1. Rest of Asia Pacific: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.5.10.2. Rest of Asia Pacific: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
7.6. Travel and Expense Management Software Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
- 7.6.2. Middle East & Africa: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.6.3. Travel and Expense Management Software Market - Saudi Arabia
  - 7.6.3.1. Saudi Arabia: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.6.3.2. Saudi Arabia: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.6.4. Travel and Expense Management Software Market - UAE
  - 7.6.4.1. UAE: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.6.4.2. UAE: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.6.5. Travel and Expense Management Software Market - Israel
  - 7.6.5.1. Israel: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.6.5.2. Israel: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.6.6. Travel and Expense Management Software Market - South Africa
  - 7.6.6.1. South Africa: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.6.6.2. South Africa: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.6.7. Travel and Expense Management Software Market - Rest of Middle East & Africa
  - 7.6.7.1. Rest of Middle East & Africa: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.6.7.2. Rest of Middle East & Africa: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
7.7. Travel and Expense Management Software Market - Latin America
- 7.7.1. Latin America: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
- 7.7.2. Latin America: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.7.3. Travel and Expense Management Software Market - Mexico
  - 7.7.3.1. Mexico: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.7.3.2. Mexico: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.7.4. Travel and Expense Management Software Market - Brazil
  - 7.7.4.1. Brazil: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.7.4.2. Brazil: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.7.5. Travel and Expense Management Software Market - Argentina
  - 7.7.5.1. Argentina: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.7.5.2. Argentina: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)
- 7.7.6. Travel and Expense Management Software Market - Rest of Latin America
  - 7.7.6.1. Rest of Latin America: Travel and Expense Management Software Market, by Deployment, 2020-2034 (USD Million)
  - 7.7.6.2. Rest of Latin America: Travel and Expense Management Software Market, by Organization Size, 2020-2034 (USD Million)

8. Competitive Landscape

8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

9.1. Emburse, Inc.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
9.2. Concur Technologies, Inc.
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
9.3. GBT Travel Services U.K. Limited
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
9.4. Infor
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
9.5. Oracle
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
9.6. Oversight
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
9.7. Sodexo
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
9.8. Happay
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
9.9. VV Finly Technologies Pvt. Ltd.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
9.10. Zoho Corporation Pvt. Ltd.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development