Travel & Expense Management: Key Opportunities, Emerging Trends & Market Forecasts 2022-2027

The latest Travel & Expense Management research provides a detailed analysis of this evolving market. The research includes an extensive evaluation of 20 travel & expense management vendors via the Competitor Leaderboard. The report covers current market opportunities, key recommendations and future prospects. It also includes a comprehensive dataset for key travel & expense management metrics, featuring total travel & expense management revenue for different models of travel & expense management software and various business sizes.

Key Statistics

• $8.7bn - Market size in 2020
• $16.5bn - Market size in 2025
• 88.8% - 2020 to 2025 CAGR
• 2022-2027 - Forecast period

Key Features

Market Dynamics: Insights into key trends and challenges within the travel & expense management market; addressing challenges posed by expense fraud, changes in usage trends, and technological developments in the travel & expense management market. It also includes a regional analysis examining the current development of the travel & expense management market in 20 countries, as well as payment methods and future prospects.

Key Takeaways & Strategic Recommendations: Analysis of key development opportunities within the travel & expense management market, accompanied by key strategic recommendations for stakeholders including fintechs, CRM providers and ERP providers who all offer some form of travel & expense management software.

Benchmark Industry Forecasts: Includes forecasts for total revenue for travel & expense management software, split by payment models. This data is further split by our 8 key forecast regions and 60 countries:

North America:

• Canada, US

Latin America:

• Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay

West Europe:

• Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK

Central & East Europe:

• Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Turkey, Ukraine

Far East & China:

• China, Hong Kong, Japan, South Korea

Indian Subcontinent:

• Bangladesh, India, Nepal, Pakistan

Rest of Asia Pacific:

• Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam

Africa & Middle East:

• Algeria, Egypt, Israel, Kenya, Kuwait, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates

Competitor Leaderboard: Key player capability and capacity assessment for 20 travel & expense management vendors, via the Competitor Leaderboard:

• Airbase
• Apptricity
• Basware
• Coupa
• DATABASICS
• Emburse
• Expense8
• ExpenseIn
• Expensify
• Fyle
• Infor
• Oracle
• Pleo
• Rydoo
• SAP Concur
• Serko
• Soldo
• TripActions
• Xero
• Zoho Expense

Research Deliverables

• Market Data & Forecasting Report - The numbers tell you what's happening, but our written report details why, alongside the methodologies.
• Interactive Forecast Excel - Full 5-year forecasts for every available market metric provided in Excel format, with interactive 'What If' and scenario tools.
• harvest Online Data Platform - Access the very latest data in our exclusive online data platform, harvest. All the data from Excel, with frequent updates and a more user-friendly interface.
• Market Trends & Strategies Report - A comprehensive analysis of the current market landscape, alongside strategic recommendations.
• Competitor Leaderboard Report - Provides a visual representation of the competitive positioning of the leaders within the market.