Global Travel & Expense Management Software Market 2017-2021 – CAGR to Grow at 7.66% – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global
Travel and Expense Management Software Market 2017-2021”
report
has been added to ResearchAndMarkets.com’s offering.

Global travel and expense management software market to grow at a CAGR
of 7.66% during the period 2017-2021.

The report has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers the market landscape and
its growth prospects over the coming years. The report also includes a
discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is the introduction of
travel and expense management mobile app. The increasing adoption of
mobile devices for professional purposes is a major trend in the global
travel and expense management software market. Enterprises are
increasingly focusing on adopting travel and expense management mobile
app to stay connected to the clock via mobile devices. Mobile devices
keep employees connected, and it has increased the demand for continuous
connectivity between corporate networks and the mobile devices of
employees. Employees are encouraged to use their privately owned mobile
devices such as cell phones, tablets, and laptops to access and store
private information.

One of the major drivers for this market is pricing strategies of
vendors. To thrive in a competitive market environment, travel and
expense management software vendors are adopting customer-centric
pricing strategies enabled by advances in technology. Several vendors in
the travel and expense management software market are focusing on
providing value-based pricing models depending on the customer’s needs.
The pricing of the software is based on differentiating features of the
software solution and the value-added features provided to the customers.

One of the major factors hindering the growth of this market is high
implementation and maintenance costs. The price of travel and expense
management software includes the cost of implementation, training,
maintenance, software licensing, system design, and customization. Apart
from software licensing, enterprises also need to invest in the proper
implementation of the software and training for the employees to use the
software application. Post implementation, the software requires
continuous upgradation to keep up with the market trends. All these
factors lead to a rise in the total cost of implementation of travel and
expense management software, adversely affecting its adoption among the
end-users.

Key Vendors

  • American Express Global Business Travel
  • Apptricity
  • AvidXchange
  • Basware
  • Certify
  • Chrome River Technologies
  • Coupa Software
  • Databasics
  • Expense8
  • ExpenseAnywhere
  • Expensify
  • Expenzing
  • Infor
  • InterplX
  • Oracle
  • Paychex
  • SAP
  • Serko
  • Skyjunxion
  • Traveldoo
  • TraveluXion
  • Trippeo Technologies
  • Unit4

Key Topics Covered

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation by Component

Part 09: Market Segmentation by Deployment Type

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers and Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/pp4jr7/global_travel_and?w=4

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Topics: Software