Travel and Expense Management Systems Market Insights and Forecast to 2028

Travel and Expense Management Systems Market

Travel expense management (also often called TEM or T&E) is the element of corporate expense management that deals specifically with controlling business travel expenses. Travel and expense (T&E) software is programming that allows an organization to track and approve reimbursement for the cost of a business trip.

The global Travel and Expense Management Systems market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028.

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Fully considering the economic change by this health crisis, Cloud Based accounting for % of the Travel and Expense Management Systems global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period.

While Transportation & Logistics segment is altered to an % CAGR throughout this forecast period.

China Travel and Expense Management Systems market size is valued at US$ million in 2021, while the North America and Europe Travel and Expense Management Systems are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period.

As for the Europe Travel and Expense Management Systems landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Travel and Expense Management Systems market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Travel and Expense Management Systems market in terms of revenue.

Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Travel and Expense Management Systems market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Travel and Expense Management Systems market.

Travel and Expense Management Systems market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Travel and Expense Management Systems market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.

By Type
• Cloud Based
• On Premise

By Application
• Transportation & Logistics
• Government & Defense
• Energy & Utilities
• Healthcare
• Retail
• Telecom & IT
• Manufacturing
• Others

By Company
• Oracle Corporation
• Apptricity Corp.
• SAP SE (Concur)
• Basware
• Expensify
• Chrome River Technologies
• Infor
• Coupa Software
• Trippeo Technologies
• Certify
• Journyx
• Xero
• Harvest
• Ariett
• Abila

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