SaaS-based Expense Management Market Expected to Gain Popularity across the Globe by 2029

Continuous increase in requirement to have better expense visibility drives the market. In addition, the rise in the need to reduce expenses and operational costs as well as increased adoption of end-to-end expense management solutions also propel the growth of the market.

However, the availability of in-house expense management systems and data security issues limit the growth of the market. Furthermore, broader access to expense portals through mobile apps and an increase in the need for visibility into expenditure are expected to provide numerous opportunities for this market.

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The SaaS-based expense management market is segmented on the basis of product type, end-user, and region. The product type segment covered in the study includes web-based expense management and cloud-based expense management.

Based on end-user, the market is classified into small and medium businesses, and large businesses. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global SaaS-based expense management market is dominated by key players such as IBM Corporation, Oracle Corporation, Concur Technologies Inc., Ariba, Inc., Apptricity Corporation, CyberShift, Inc., Insperity, Inc., Infor Global Solutions, Inc., SutiSoft, Inc., and Nexonia.

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Key Benefits:

• The study provides an in-depth analysis of the global SaaS-based expense management market and current & future trends to elucidate the imminent investment pockets.

• Information about key drivers, restrains, and opportunities is provided.

• Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.

• The quantitative analysis of the global market from 2016 to 2023 is provided to determine the market potential.

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