Travel Management Software Market 2018 Global Leaders Overview: Expensify, Certify, Chrome River Technologies, Infor, Appricity, Ariett, Expense 8, Fraedom, NetSuite

Market Research Future published a research report on “Travel Management Software Market Research Report - Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Highlights:

Currently, the travel management software companies have a very critical role towards the business growth. In order to sustain in the competitive market, many large, medium, and small size companies are looking for collaborations, merger & acquisitions, and joint ventures. In this strategy, companies end up spending more than budget. Consequently,travel management software enables the companies to offer their customers to travel their business trips in affordable budgets is expected to drive the Travel Management Software Market over the forecast period.

The growth of the travel management software companies is expected to have a significant impact on the market. These travel management software companies offer their tools and techniques to optimize their expenditure and enhance their profitability without compromising the quality of services provided by the travel agencies, which eventually provides a hassle-free environment for the business travelers. Increasing numbers of small and medium-sized enterprises and business travel in the evolving markets are expected to drive the travel management software market. Surging demand for the cloud based technology is expected to propel the travel management software market over the forecast period

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Travel Management Software Market – Segments

For the convenience of the report and enhanced understanding the report is segmented into 4 key dynamics;

• By Component: Comprises Solutions (Business Intelligence, Integrations, and Customer Experience) and Services {Professional Services (business performance management and financial management, etc.) and Managed Services (consulting services, application management, and service & support, etc.)}
• By Industries: Transportation, Manufacturing, Retail & Logistics, Energy and Healthcare among other.
• By Deployment: On Cloud & On Premise.
• By Application: Mobile Applications, Internet, and Computer system among other.

Key Players:

The major players include Concur (SAP) (U.S.), Certify (Portland), Expensify (U.S.), Chrome River Technologies (U.S.), Infor(U.S.) are the leading technologies of the travel management software.
The other prominent market players include Appricity Corporation (U.S.), Ariett (U.S.), Basware (Finland), DATABASIC (U.S.), Expense 8 (Australia), Fraedom (U.K), Oracle Corporation (Calfornia, U.S.), NetSuite (Calfornia, U.S.), Skyjunxion, (Beirut) Trippeo Technologies (Canada), Insperity (U.S.), Interpix, (U.S.) Unit 4 (Netherlands), Nexonia (Canada), Paychex (U.S.).

Regional Analysis:

The travel management software market is geographically differentiated into North America, Asia Pacific, Europe, Latin-America, and RoW.

North America is expected to lead the travel management software market at a significant growth rate due to advanced IT infrastructure and the presence of key players such as SAP Concur, Net-suite DATABASIC, and Oracle Corporation. Countries such as the U.S., Canada, and Mexico are the prominent players in the market. Recently, Oracle Corporation has been selected by Green Mountain Higher Education Consortium (GMHEC) to upgrade their critical human resource and finance process to enhance customer satisfaction levels.

The Asia Pacific region is anticipated to have a prominent growth in the global travel management software market. Japan, South Korea, China, and India are anticipated to be the most prominent countries in this region. Furthermore, increasing number of small and medium-sized IT startups in India associated with Start-up and Stand up India campaigns is expected to drive the travel management software market.

Industry/ Innovations/ Related News

April 24, 2018 – TripAdvisor, Inc. (US) a global travel company announced the acquisition of Bokun (Iceland), a leading provider of business management technology for the tours, attractions and experiences industry. The deal is expected to help TripAdvisor to cover the largest distribution channel while expanding its offering with adept technical solutions.

April 23, 2018 – InterplX Expense Management (US), one of the global providers for the expense management software solutions launched its new software - ExpenseNet® 8.0 that can deliver a simplified enterprise-class expense reporting for corporate travelers, accessible anywhere from any device.

April 10, 2018 – Deem – Rearden Commerce (US), a leading mobile and cloud software technology provider for the business travel industry, announced the signing of a strategic partnership with Pinnacle Travel Services (PTS - US) a leading travel management company. According to the agreement between the due, PTS will resell Deem’s business travel management solutions to their customers and prospects for the next three years.

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Intended Audience:

• Travel management software provider.
• Software Solution providers
• Small and Medium Enterprises
• Travel Agencies
• Government
• Tour operators
• Research Firms

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