SaaS-Based Expense Management Market: Competitive Dynamics & Global Outlook 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global SaaS-Based Expense Management market.

SaaS-based expense management includes the deployment of expense management systems as a web-based subscription service. This system helps in controlling and monitoring expense reports, thereby streamlining the business process and preventing fraud and human error. It also increases visibility across the entire reimbursement claim process, reducing travel costs and improving the efficiency of enterprises.

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Global SaaS-Based Expense Management Market: Forecast by Type / Application / Region

The SaaS-based system is operated by a third-party organization as opposed to the installation and maintenance of an on-site business system. SaaS-based expense management has succeeded in changing the procurement of expense management systems from a capital expenditure to a pay-per-use subscription arrangement.

In recent years, SAP acquired Ariba and Concur ，become the undisputed no.1 player, IBM is constantly strengthening cooperation with SAP, Oracle acquired NetSuite, K1 Investment Management combined Certify, Nexonia, ExpenseWatch and Tallie to create the largest independent company, consider other small companies, it's easy to forecast, the competition will be more intense

North America will remain the largest market.

China ---- the world's second largest economy will remain a high growth:

I. Local companies is smaller, it’s difficult to meet the requirements of large enterprises. some player can only supply standard version.

II.Affected by the traditional concept, most leaders of small and medium companies do not want to use management software, but now they began to realize the importance of software, and be willing to spend money.

III.With the development of China's economy, travel costs continue to increase, the market has been expanding.

Over the next five years, LPI(LP Information) projects that SaaS-Based Expense Management will register a 8.0% CAGR in terms of revenue, reach US$ 3000 million by 2023, from US$ 1890 million in 2017.

Global SaaS-Based Expense Management Market: Key Players
Concur Technologies
SAP Ariba
IBM
Infor
Oracle
Apptricity
SumTotal Systems
Insperity
SuitSoft
Certify
Expensify
Abacus
Nexonia
Unit4
Zoho Expense
Xpenditure
AccountSight
NetSuite

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Related Information:
United States SaaS-Based Expense Management Market Research Report 2018
Europe SaaS-Based Expense Management Market Research Report 2018
North America SaaS-Based Expense Management Market Research Report 2018
Asia-Pacific SaaS-Based Expense Management Market Research Report 2018
China SaaS-Based Expense Management Market Research Report 2018
EMEA SaaS-Based Expense Management Market Research Report 2018
Global SaaS-Based Expense Management Market Research Report 2018

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