This Travel and Expense Management Software market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.
The travel and expense management software market size has grown rapidly in recent years. It will grow from $3.4 billion in 2024 to $3.8 billion in 2025 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to increased globalization, a rise in digital transformation, the rise of remote and distributed workforces, a focus on compliance and risk management, and a rise in international visits.
The travel and expense management software market size is expected to see rapid growth in the next few years. It will grow to $5.92 billion in 2029 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to an increase in terrorist activities, growth of experiential travel, increasing online travel agencies, increasing online booking platforms, and increasing safety concerns. Major trends in the forecast period include cloud computing, mobile expense management, artificial intelligence (AI), data analytics, enterprise resource planning, accounting software, real-time expense tracking, AI-powered automation, and predictive analytics.
Growing corporate travel activities are expected to drive the growth of the travel and expense management software market in the foreseeable future. These activities encompass the planning and logistics involved in business-related trips undertaken by company employees, spurred by factors such as globalization, market expansion, and investments in talent development. Travel and expense management software plays a crucial role in enhancing efficiency, transparency, and control in managing corporate travel activities. It enables businesses to optimize travel expenses, enforce policy compliance, and enhance the overall travel experience for employees. For example, according to the Global Business Travel Association (GBTA), global business travel spending surged by 47% to $1.03 trillion in 2022, with continued strong gains projected. It is expected to see a 32% growth in 2023, reaching $1.4 trillion, and is forecasted to grow to nearly $1.8 trillion by 2027. Hence, the rising corporate travel activities are a significant driver of the travel and expense management software market's growth.
Major companies in this market are focusing on developing innovative technological solutions, such as fully integrated mobile applications, to streamline corporate travel and expense management for modern organizations. A 'fully integrated mobile application' allows employees to manage all aspects of their business expenses conveniently and efficiently using their mobile devices. This solution is tightly integrated with the company's expense management processes and systems, providing enhanced visibility and control over travel spend. For instance, Coupa Software Inc., a US-based AI-driven cloud-based spend management platform, launched Coupa Travel & Expense, a comprehensive platform aimed at streamlining corporate travel management, enhancing visibility and control over travel spend, and improving the overall travel experience for employees. This platform aims to revolutionize the traveler experience and deliver real-time travel spend optimization. It is designed to be user-centric, making it easy for employees to book travel options on the web and mobile while simplifying the complexities of corporate travel.
In April 2023, Navan, a US-based company specializing in corporate travel and expense management solutions, acquired Tripeur for an undisclosed amount. This acquisition is part of Navan's strategy to broaden its services in India, align with local market needs, and use technology to improve efficiency and the user experience in corporate travel management. Tripeur, based in India, focuses on corporate travel and expense management services.
Major companies operating in the travel and expense management software market are Oracle Corporation, Expedia Group Inc, Workday Inc, Sabre Corporation, American Express Global Business Travel, Travelport Worldwide Ltd, SAP Concur, Zoho Corporation Pvt Ltd., Coupa Software Inc., BCD Travel, Unit4, AvidXchange Inc., TravelPerk S.L.U, Emburse LLC, Basware Corporation, Expensify Inc., Navan Inc, Certify Inc, Rydoo, Chrome River Technologies Inc., Apptricity Corporation, Trawex Technologies Pvt Ltd, Webexpenses Pty Ltd, DATABASICS Inc., Oversight Systems Inc, 8Common Limited, DIB Travel, SutiSoft Inc, InterplX Expense Management, Empxtrack Inc.
North America was the largest region in the travel and expense management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the travel and expense management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the travel and expense management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Travel and expense management software pertains to a category of applications crafted to streamline and automate the handling of business travel expenses. These software solutions are employed to simplify and automate the processes linked to managing employee travel expenses.
The primary types of deployments in travel and expense management software are cloud-based and on-premises. Cloud-based deployment refers to services, applications, or resources delivered to users on-demand via the Internet from a cloud computing provider's servers. It offers various solutions including expense management, travel management, integrated travel, and expense management, catering to different organizational sizes such as small and medium-sized enterprises (SMEs) and large enterprises. It finds applications across several industries such as transportation and logistics, government and defense, energy and utilities, healthcare, retail, information technology and telecommunications, manufacturing, among others.
The travel and expense management software market research report is one of a series of new reports that provides travel and expense management software market statistics, including travel and expense management software industry global market size, regional shares, competitors with a travel and expense management software market share, detailed travel and expense management software market segments, market trends and opportunities, and any further data you may need to thrive in the travel and expense management software industry. This travel and expense management software 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 travel and expense management software market includes revenues earned by entities by providing services such as travel booking integration, expense reporting, policy compliance, receipt capture, expense tracking, approval workflow, mobile accessibility, analytics and reporting, vendor management, and travel policy advisories. 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.
This product will be delivered within 3-5 business days.
The travel and expense management software market size has grown rapidly in recent years. It will grow from $3.4 billion in 2024 to $3.8 billion in 2025 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to increased globalization, a rise in digital transformation, the rise of remote and distributed workforces, a focus on compliance and risk management, and a rise in international visits.
The travel and expense management software market size is expected to see rapid growth in the next few years. It will grow to $5.92 billion in 2029 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to an increase in terrorist activities, growth of experiential travel, increasing online travel agencies, increasing online booking platforms, and increasing safety concerns. Major trends in the forecast period include cloud computing, mobile expense management, artificial intelligence (AI), data analytics, enterprise resource planning, accounting software, real-time expense tracking, AI-powered automation, and predictive analytics.
Growing corporate travel activities are expected to drive the growth of the travel and expense management software market in the foreseeable future. These activities encompass the planning and logistics involved in business-related trips undertaken by company employees, spurred by factors such as globalization, market expansion, and investments in talent development. Travel and expense management software plays a crucial role in enhancing efficiency, transparency, and control in managing corporate travel activities. It enables businesses to optimize travel expenses, enforce policy compliance, and enhance the overall travel experience for employees. For example, according to the Global Business Travel Association (GBTA), global business travel spending surged by 47% to $1.03 trillion in 2022, with continued strong gains projected. It is expected to see a 32% growth in 2023, reaching $1.4 trillion, and is forecasted to grow to nearly $1.8 trillion by 2027. Hence, the rising corporate travel activities are a significant driver of the travel and expense management software market's growth.
Major companies in this market are focusing on developing innovative technological solutions, such as fully integrated mobile applications, to streamline corporate travel and expense management for modern organizations. A 'fully integrated mobile application' allows employees to manage all aspects of their business expenses conveniently and efficiently using their mobile devices. This solution is tightly integrated with the company's expense management processes and systems, providing enhanced visibility and control over travel spend. For instance, Coupa Software Inc., a US-based AI-driven cloud-based spend management platform, launched Coupa Travel & Expense, a comprehensive platform aimed at streamlining corporate travel management, enhancing visibility and control over travel spend, and improving the overall travel experience for employees. This platform aims to revolutionize the traveler experience and deliver real-time travel spend optimization. It is designed to be user-centric, making it easy for employees to book travel options on the web and mobile while simplifying the complexities of corporate travel.
In April 2023, Navan, a US-based company specializing in corporate travel and expense management solutions, acquired Tripeur for an undisclosed amount. This acquisition is part of Navan's strategy to broaden its services in India, align with local market needs, and use technology to improve efficiency and the user experience in corporate travel management. Tripeur, based in India, focuses on corporate travel and expense management services.
Major companies operating in the travel and expense management software market are Oracle Corporation, Expedia Group Inc, Workday Inc, Sabre Corporation, American Express Global Business Travel, Travelport Worldwide Ltd, SAP Concur, Zoho Corporation Pvt Ltd., Coupa Software Inc., BCD Travel, Unit4, AvidXchange Inc., TravelPerk S.L.U, Emburse LLC, Basware Corporation, Expensify Inc., Navan Inc, Certify Inc, Rydoo, Chrome River Technologies Inc., Apptricity Corporation, Trawex Technologies Pvt Ltd, Webexpenses Pty Ltd, DATABASICS Inc., Oversight Systems Inc, 8Common Limited, DIB Travel, SutiSoft Inc, InterplX Expense Management, Empxtrack Inc.
North America was the largest region in the travel and expense management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the travel and expense management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the travel and expense management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Travel and expense management software pertains to a category of applications crafted to streamline and automate the handling of business travel expenses. These software solutions are employed to simplify and automate the processes linked to managing employee travel expenses.
The primary types of deployments in travel and expense management software are cloud-based and on-premises. Cloud-based deployment refers to services, applications, or resources delivered to users on-demand via the Internet from a cloud computing provider's servers. It offers various solutions including expense management, travel management, integrated travel, and expense management, catering to different organizational sizes such as small and medium-sized enterprises (SMEs) and large enterprises. It finds applications across several industries such as transportation and logistics, government and defense, energy and utilities, healthcare, retail, information technology and telecommunications, manufacturing, among others.
The travel and expense management software market research report is one of a series of new reports that provides travel and expense management software market statistics, including travel and expense management software industry global market size, regional shares, competitors with a travel and expense management software market share, detailed travel and expense management software market segments, market trends and opportunities, and any further data you may need to thrive in the travel and expense management software industry. This travel and expense management software 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 travel and expense management software market includes revenues earned by entities by providing services such as travel booking integration, expense reporting, policy compliance, receipt capture, expense tracking, approval workflow, mobile accessibility, analytics and reporting, vendor management, and travel policy advisories. 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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Travel and Expense Management Software Market Characteristics3. Travel and Expense Management Software Market Trends and Strategies4. Travel and Expense Management Software Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Travel and Expense Management Software Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Travel and Expense Management Software Market34. Recent Developments in the Travel and Expense Management Software Market
5. Global Travel and Expense Management Software Growth Analysis and Strategic Analysis Framework
6. Travel and Expense Management Software Market Segmentation
7. Travel and Expense Management Software Market Regional and Country Analysis
8. Asia-Pacific Travel and Expense Management Software Market
9. China Travel and Expense Management Software Market
10. India Travel and Expense Management Software Market
11. Japan Travel and Expense Management Software Market
12. Australia Travel and Expense Management Software Market
13. Indonesia Travel and Expense Management Software Market
14. South Korea Travel and Expense Management Software Market
15. Western Europe Travel and Expense Management Software Market
16. UK Travel and Expense Management Software Market
17. Germany Travel and Expense Management Software Market
18. France Travel and Expense Management Software Market
19. Italy Travel and Expense Management Software Market
20. Spain Travel and Expense Management Software Market
21. Eastern Europe Travel and Expense Management Software Market
22. Russia Travel and Expense Management Software Market
23. North America Travel and Expense Management Software Market
24. USA Travel and Expense Management Software Market
25. Canada Travel and Expense Management Software Market
26. South America Travel and Expense Management Software Market
27. Brazil Travel and Expense Management Software Market
28. Middle East Travel and Expense Management Software Market
29. Africa Travel and Expense Management Software Market
30. Travel and Expense Management Software Market Competitive Landscape and Company Profiles
31. Travel and Expense Management Software Market Other Major and Innovative Companies
35. Travel and Expense Management Software Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Travel and Expense Management Software Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on travel and expense management software 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.
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Description
Where is the largest and fastest growing market for travel and expense management software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The travel and expense management software market global report 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 market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- 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.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Deployment Type: Cloud-Based; on-Premises2) By Solution Type: Expense Management; Travel Management; Integrated Travel and Expense Management
3) By Organization Size: Small and Medium-Sized Enterprises (SMEs); Large Enterprises
4) By Verticals: Transportation and Logistics; Government and Defense; Energy and Utilities; Healthcare; Retail; Information Technology and Telecommunications; Manufacturing; Other Verticals
Subsegments:
1) By Cloud-Based: SaaS (Software as a Service) Solutions; Cloud-Based Mobile Applications; Multi-Tenant Cloud Platforms2) By on-Premises: Enterprise-Installed Solutions; on-Premise Mobile Applications; Single-Tenant on-Premises Software
Key Companies Mentioned: Oracle Corporation; Expedia Group Inc; Workday Inc; Sabre Corporation; American Express Global Business Travel
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies featured in this Travel and Expense Management Software market report include:- Oracle Corporation
- Expedia Group Inc
- Workday Inc
- Sabre Corporation
- American Express Global Business Travel
- Travelport Worldwide Ltd
- SAP Concur
- Zoho Corporation Pvt Ltd.
- Coupa Software Inc.
- BCD Travel
- Unit4
- AvidXchange Inc.
- TravelPerk S.L.U
- Emburse LLC
- Basware Corporation
- Expensify Inc.
- Navan Inc
- Certify Inc
- Rydoo
- Chrome River Technologies Inc.
- Apptricity Corporation
- Trawex Technologies Pvt Ltd
- Webexpenses Pty Ltd
- DATABASICS Inc.
- Oversight Systems Inc
- 8Common Limited
- DIB Travel
- SutiSoft Inc
- InterplX Expense Management
- Empxtrack Inc
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | April 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 3.8 Billion |
| Forecasted Market Value ( USD | $ 5.92 Billion |
| Compound Annual Growth Rate | 11.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 31 |
