Press release
Advanced Technologies : Travel and Expense Management Software Market Globally Grow at a CAGR of 6.96% and 7.70% respectively During the Forecast Period 2017-2020
Travel and expense management software is deployed by enterprises to manage and audit employee-initiated expenses that include travel and entertainment. The software helps control and monitor expense reports, thereby streamlining the business process and preventing fraud and human error. It also increases visibility across the entire reimbursement claim process, reduces travel costs, and improves the efficiency of enterprises.
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Technavios analysts forecast the global travel and expense management software market to grow at a CAGR of 6.96% and 7.70% respectively during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global travel and expense management software market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of travel and expense management software licenses, installation and implementation of software, training, maintenance, and subscriptions.
The market is divided into the following segments based on geography:
APAC
Europe
MEA
North America
South America
Technavio's report, Global Travel and Expense Management Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Concur (SAP)
Certify
Expensify
Chrome River Technologies
Infor
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Other prominent vendors
Apptricity Corp.
Ariett
Basware
Coupa Software
DATABASICS
Expense8
Fraedom
Insperity
InterplX
KDS
NetSuite
Nexonia
Nexstep Infotech
Oracle
Paychex
Serko
Skyjunxion
Tallie
Trippeo Technologies
Traveldoo SAS
TraveluXion
Unit4
Virtual Communications
Market driver
Hassle-free claims and reimbursement.
For a full, detailed list, view our report
Market challenge
Lack of control and flexibility over expense management software.
For a full, detailed list, view our report
Browse Report @ http://www.researchmoz.us/global-travel-and-expense-management-software-market-2016-2020-report.html
Market trend
Increased adoption of travel and expense management solutions in mid-sized enterprises.
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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