Travel Management Software Market 2020 Global Key Players: Chrome River Technologies, Expensify, Certify, Concur, Infor, Appricity, Basware, Fraedom, NetSuite, Skyjunxion, Insperity

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.

Overview:

The global travel management software market, as studied by Market Research Future (MRFR), can reach a valuation of USD 1 billion with a CAGR of 8% during the forecast period (2017-2023). Travel management software supports expenditure of any personal or business-related travel and monitor costs to help investors. The software enables flexibility of tours at a reduced cost. Among its many facilities, self-booking application of the technology is expected to become one of the major driving factors for the market in the coming years.

The global Travel Management Software Market is expected to ride on the prospects of emerging small & medium enterprises. At the same time, on-cloud software systems are becoming a trend that is expected to facilitate business workflow.

However, the global travel management software market may find it a daunting to task to maintain the upscale growth as lack of expertise in handling such a software and initial installation cost can hamper the expected rise during the forecast period.

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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.).

Segmental Analysis:

The global travel management software market, as reviewed by MRFR, is segmented by component, deployment, industry, application, and organization. This enables better predictive analysis of the market and provides a better scope to gain knowledge about the upcoming years.

Based on the component, the travel management software market comprises solution and services. The solution segment includes business intelligence, integrations, customer experience. On the other hand, the services segment consists professional services and managed services. These two segments can again be sub-segmented. The managed services segment encapsulates consulting services, application management, and service & support. The professional services segment includes financial management and business performance management.

On the basis of the deployment, the travel management software market can be segmented into on-premises and on- clouds. The on-clouds segment is expected to gain much traction due to the simplified processes it provides. Workflow becomes more effective and simplified.

By industry, the travel management software market can be segmented into transportation, manufacturing, healthcare, retail& logistics, and energy.

Based on the application segment, the travel management software market includes internet, mobile applications, and computer system. The mobile applications segment is expected to grow substantially owing to its easy applications.

By organizations, the travel management software market can be segmented into large, small, and medium enterprises.

Regional Analysis:

Region-specific analysis as conducted by MRFR on the travel management software market includes, namely, North America, Asia Pacific (APAC), Europe, Latin America, and Rest-of-the-World (RoW). Both volume-wise and value-wise analyses of these regions

Superlative IT infrastructure and high digital acceptance are factors promoting North American travel management software market. At the same time, several key players are from this region which is helping the region in staying ahead from their peers. Companies such as SAP Concur, Net-suite DATABASIC, and Oracle Corporation are global market leaders and pioneers in many ways. The regional market is getting dominated mostly by the U.S., however, Mexico and Canada are also contributing substantially to the market growth.

The APAC region is counting mostly on the increasing number of small & medium enterprises who are promoting the regional tourism well. Many of them are IT start-ups and are participating in the chalking of the regional market strategies. Japan, South Korea, China, and India can influence the regional market substantially.

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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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This release was published on openPR.