PUBLISHER: The Business Research Company | PRODUCT CODE: 1706840
PUBLISHER: The Business Research Company | PRODUCT CODE: 1706840
SaaS-based expense management involves utilizing Software as a Service (SaaS) solutions to simplify and automate expense management processes. These platforms provide tools for capturing, categorizing, approving, and reporting expenses incurred. Accessible through web browsers or mobile applications, they eliminate the need for on-premises software installations and allow remote access from anywhere with internet connectivity.
The primary categories of SaaS-based expense management include travel and expense management and telecom expense management. The travel and expense management segment focuses on solutions tailored to streamline and automate travel-related expenses, covering aspects such as bookings, reimbursements, and compliance. These solutions comprise both software and services and can be deployed on cloud or on-premises infrastructure. They cater to businesses of varying sizes, including large enterprises and small to medium-sized enterprises (SMEs), across a diverse range of industries such as manufacturing, media and entertainment, healthcare, travel and tourism, energy and utilities, information technology and telecommunications, retail and e-commerce, banking, financial services and insurance (BFSI), government and public sector, among others.
The SaaS-based expense management market research report is one of a series of new reports from The Business Research Company that provides SaaS-based expense management market statistics, including SaaS-based expense management industry global market size, regional shares, competitors with a SaaS-based expense management market share, detailed SaaS-based expense management market segments, market trends and opportunities, and any further data you may need to thrive in the SaaS-based expense management industry. This SaaS-based expense management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The SaaS-based expense management market size has grown rapidly in recent years. It will grow from $5.6 billion in 2024 to $6.55 billion in 2025 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to increased adoption of cloud technology, growth in remote work trends, growth in business travel, growth in demand for real-time reporting, and increased focus on employee experience.
The SaaS-based expense management market size is expected to see rapid growth in the next few years. It will grow to $12.05 billion in 2029 at a compound annual growth rate (CAGR) of 16.5%. The growth in the forecast period can be attributed to growing adoption of AI, increasing focus on data security, increasing emphasis on cost optimization, rising adoption of subscription-based models, rising demand for mobile expense management. Major trends in the forecast period include artificial intelligence, mobile-first solutions, technological advancements, role-based access controls, and cloud-based solutions.
The growth of the SaaS-based expense management market is expected to be driven by the rise in business travel. Business travel involves employees or representatives of a company traveling for work-related activities such as meetings, conferences, client visits, training, and sales pitches. SaaS-based expense management platforms help enforce company policies by flagging expenses that do not comply with guidelines and providing real-time alerts to both employees and managers. This ensures that expenses incurred during business travel are in line with company budgets and policies. For example, in July 2024, the Global Business Travel Association, a US-based organization focused on business travel and meetings, projected global business travel spending to increase by 11.1% in 2024, building on a significant growth in 2022 and 2023. From 2025 to 2028, growth is expected to moderate with a compound annual growth rate of 6.95%. This trend in business travel is, therefore, a key factor driving the expansion of the SaaS-based expense management market.
Key players in the SaaS-based expense management market are concentrating on introducing intelligent and advanced solutions, such as do-it-yourself (DIY) expense automation platforms, to assist businesses in optimizing their expense management processes. DIY expense automation platforms are software solutions designed to enable companies and individuals to automate expense management and reporting without requiring extensive technical expertise or external assistance. For instance, in June 2023, Zaggle Prepaid Ocean Services Pvt. Ltd., an India-based software company, launched XPNS, a user-friendly software as a service platform for automating employee expenses. XPNS aims to reduce processing costs, improve cash flow planning, and generate financial savings for organizations. The platform streamlines the entire expense management process from filing to payment, allowing companies to transition from manual to fully automated expense workflows in less than 30 minutes, thereby reducing expense management time and costs by 75%.
In August 2023, LeaseQuery LLC, a US-based software company, acquired Stackshine Inc. for an undisclosed sum. This acquisition enables LeaseQuery to offer a more comprehensive and integrated solution for managing financial and operational processes, with a focus on optimizing lease-related and SaaS-related costs and operations. Stackshine Inc. is a US-based software company specializing in SaaS spend management.
Major companies operating in the saas-based expense management market are International Business Machines Corporation, Oracle Corporation, SAP SE, Insperity Inc., Paychex Inc., Infor Global Solutions Inc., Zoho Corporation Pvt. Ltd., Paylocity Corporation, Coupa Software Inc., Xero Limited, Paycor Inc., Emburse Inc., Abacus Labs Inc., Expensify Inc., Divvy Payments Inc., Concur Technologies Inc., Chrome River, Rydoo NV, Nexonia Inc., CyberShift Inc., Expensya SAS, Apptricity Corporation, SutiSoft Inc., Wave Financial Inc.
North America was the largest region in the SaaS-based expense management market in 2024. The regions covered in the saas-based expense management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the saas-based expense management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The SaaS-based expense management market consists of revenues earned by entities by providing services such as expense tracking, expense tracking, and multi-currency support services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
SaaS-based Expense Management Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on saas-based expense management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for saas-based expense management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The saas-based expense management market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.