The Latin America, Middle East and Africa Travel and Expense Management Software Market is expected to witness market growth of 16.8% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Travel and Expense Management Software Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $192.9 million by 2031. The Argentina market is expected to witness a CAGR of 18.4% during 2024-2031. Additionally, the UAE market is expected to witness a CAGR of 15.7% during 2024-2031.
Another major factor driving the adoption of T&E management software is its integration with travel booking platforms. Many enterprises now seek end-to-end solutions that track expenses and integrate seamlessly with corporate travel booking systems like Expedia, Kayak, and enterprise-level travel agencies.
Moreover, this integration allows employees to book flights, hotels, and transportation within approved budgets, ensuring cost control and policy compliance. Automated travel approvals, expense pre-approvals, and direct invoice processing eliminate the need for manual verification, streamlining the entire travel management process.
Across the region, manufacturing, government, and healthcare sectors are leading the adoption of AI-powered, cloud-based T&E solutions. Governments are launching programs to enhance digital financial management, ensure compliance with tax laws, and modernize public administration, further accelerating the adoption of expense automation platforms. As one of the largest manufacturing hubs in Latin America, Brazilian industries, including automobiles, electronics, and textiles, face complex challenges in managing employee travel expenses, supply chain costs, and compliance with tax regulations.
The Brazil market dominated the LAMEA Travel and Expense Management Software Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $192.9 million by 2031. The Argentina market is expected to witness a CAGR of 18.4% during 2024-2031. Additionally, the UAE market is expected to witness a CAGR of 15.7% during 2024-2031.
Another major factor driving the adoption of T&E management software is its integration with travel booking platforms. Many enterprises now seek end-to-end solutions that track expenses and integrate seamlessly with corporate travel booking systems like Expedia, Kayak, and enterprise-level travel agencies.
Moreover, this integration allows employees to book flights, hotels, and transportation within approved budgets, ensuring cost control and policy compliance. Automated travel approvals, expense pre-approvals, and direct invoice processing eliminate the need for manual verification, streamlining the entire travel management process.
Across the region, manufacturing, government, and healthcare sectors are leading the adoption of AI-powered, cloud-based T&E solutions. Governments are launching programs to enhance digital financial management, ensure compliance with tax laws, and modernize public administration, further accelerating the adoption of expense automation platforms. As one of the largest manufacturing hubs in Latin America, Brazilian industries, including automobiles, electronics, and textiles, face complex challenges in managing employee travel expenses, supply chain costs, and compliance with tax regulations.
List of Key Companies Profiled
- Oracle Corporation
- SAP SE
- Infor, Inc.
- Coupa Software, Inc.
- Zoho Corporation Pvt. Ltd.
- Emburse, Inc. (Certify)
- Expensify, Inc.
- Navan, Inc.
- Ariett (AvidXchange)
- Rippling
Market Report Segmentation
By Deployment Type- Hosted
- On-Premise
- Large Enterprises
- SMEs
- Telecom & IT
- Transportation & Logistics
- Manufacturing
- Retail
- Government & Defense
- Energy & Utilities
- Healthcare
- Other Vertical
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Travel and Expense Management Software Market by Deployment Type
Chapter 5. LAMEA Travel and Expense Management Software Market by Enterprise Size
Chapter 6. LAMEA Travel and Expense Management Software Market by Vertical
Chapter 7. LAMEA Travel and Expense Management Software Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Oracle Corporation
- SAP SE
- Infor, Inc.
- Coupa Software, Inc.
- Zoho Corporation Pvt. Ltd.
- Emburse, Inc. (Certify)
- Expensify, Inc.
- Navan, Inc.
- Ariett (AvidXchange)
- Rippling
Methodology
LOADING...
