Press release
Travel and Expense Management System Market Outlook 2029: Presents Market Insights & Depth Analysis
The global travel and expense management software market is anticipated to grow at a considerable CAGR of 12.1% during the forecast period. The increasing budget of military expenses in various nations across the globe has allowed the military to provide travel allowance (T.A.) to the soldiers. Additionally, the presence of software-as-a-service (SAAS) for travel expenses analysis with travel and expense management software on smartphones has allowed penetration of this software in the military, which in turn drives the growth of the market. Moreover, employees that travel globally, use mobile expense reporting apps to streamline their expense reporting. For instance, in July 2021, Bookings Holdings Priceline, and American Forces Travel announced they expanded their two-year-old partnership. As part of the expansion, Priceline enabled members of the US military and their families to book thousands of participating hotels using the Military Star Card. Moreover, American Forces Travel offers exclusive leisure travel deals, purported to be at a 40-60% discount for eligible users, to members of the US military in all branches and civilian employees.In addition, new product development and launches by key market players which include Vv Finly Technology Pvt Ltd., Wsg Systems Corparete, and Divvy, are other factors that fuel the market growth during the forecast period. In March 2022, Bill.com announced that Divvy, a Bill.com company, has been named CPA.com's new exclusive partner for expense management, corporate cards, and spend management. This move expands the partnership between CPA.com and Bill.com, CPA.com replaces the previous expense management solution with a new offering that unites all bill payments, expense management, and card spending in one comprehensive solution. Moreover, in April 2022, ExpensePoint announced a partnership with dnata Travel Management. This new partnership offers dnata clients a fully automated expense management system. Clients now have the ability to enhance the process of employee expense reporting with dnata's fully 'white labeled' ExpensePoint system. Corporate users can now quickly and efficiently manage their expense reports with features such as Receipt Reader and Receipt Matching, which create expenses directly from uploaded receipts and automatically match receipts to integrated corporate travel and bank card data.
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Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Deployment Mode
By Organization Size
By Industry
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Databasics Inc., Emburse, Inc., Expense8, G2.Com, Inc., Infor, and others.
Travel and Expense Management System Market Report Segment
By Deployment Mode
Cloud-based
On-Premises
By Organization Size
Small and Medium Scale
Large Scale
By Industry
Manufacturing
Aerospace and Defense
Transportation
Retail and Logistics
Healthcare
Energy
Others
A full Report of Travel and Expense Management System Market is Available @ https://www.omrglobal.com/industry-reports/travel-and-expense-management-software-market
Travel and Expense Management System Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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