市場調查報告書
商品編碼
1250041
全球差旅費用管理軟件市場(2022-2028 年):按部署(雲/本地)和組織規模(中小企業/大型企業)劃分的規模、份額、增長分析和預測Global Travel Expense Management Software Market Size, Share, Growth Analysis, By Deployment(Cloud Based, On-Premise), By Organization Size(SMES, Large Enterprises) - Industry Forecast 2022-2028 |
差旅費用管理軟件的市場規模預計將從 2021 年的 78 億美元增長到 2028 年的 93.7 億美元,預測期內復合年增長率超過 11.56%。 .
隨著公司的全球擴張,出國旅行的員工數量和與商務旅行相關的費用也在增加。 在這種情況下,可能會出現欺詐和政策違規行為,從而使公司難以審計差旅和費用報告。 由於需要跟蹤和管理費用,用於管理差旅和費用的軟件已被各種企業廣泛使用。
在本報告中,我們研究了全球差旅費用管理軟件市場,提供了市場概況、對市場各種影響因素的分析、技術和創新趨勢、市場規模的轉變和預測,以及各細分市場和細分市場的細分地區、競爭格局、主要公司概況等。
Global Travel Expense Management Software Market was valued at USD 7.8 billion in 2021, and it is expected to reach a value of USD 9.37 billion by 2028, at a CAGR of more than 11.56% over the forecast period (2022-2028).
Several businesses have been expanding globally, which has increased both the number of employees who travel outside of their native countries and the expenditures associated with travel. Because there is a chance of fraud and policy violations in such situations, businesses find it difficult to audit the travel and expense report. Software for managing travel and spending has become more widely used across a range of businesses as a result of the necessity to track and control expenses.
With the use of travel and expense management software, employees may more quickly and conveniently produce expense reports and submit them for approval of reimbursement to management. The programme provides an organised approach to data management and assists in managing employee travel plans and itineraries. Many suppliers are merging the software with mobile applications to make it more user-friendly. Also, users should be able to utilise the programme more conveniently on the road as a result of this. The software's usability and availability on smartphones are thus a few additional aspects that are projected to propel the travel and spending management software industry.
Top-down and bottom-up approaches were used to estimate and validate the size of Asia Pacific Travel Expense Management Software Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
Global travel expense management software market is segmented based on the deployment, organization size, and region. Based on the deployment, the market is segmented as cloud based, and on-premise. Based on organization size, the market is segmented as SMES, and large enterprises. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Driver
Use of travel and expense management software has significantly increased across sectors as a result of the necessity to track and manage spending throughout the predicted time. Also, there has been a significant rise in the number of business trips and tours. Several organisations make a significant investment in managing the expenditure report through this management software since it helps with managing bookings and producing itineraries for staff. For instance, about 1.3 million people travel for business each day only in the United States.
Restraint
The two major issues the market is facing are a lack of control over the travel and expenditure management software and a shortage of qualified staff. One of the primary difficulties with the usage of travel and spending management software is the potential of user identity being compromised.
The growing threat from open-source travel and expense management solutions will be a key barrier for the market for travel and expense management software throughout the forecasted period. Open-source travel and cost management programmes provide a significant threat to the market for international travel and expense management software. These solutions are growing in popularity in developing countries like China and India because they can be downloaded for free and work with all platforms. Software as a service (SaaS) for controlling expenses is less expensive than comparable programmes that need to be installed on a user's PC. Some companies, however, are unable to invest in either of these possibilities.
Market Trends
The usage of artificial intelligence is a development that is projected to have a favourable impact in the coming years on the market for travel and cost management software (AI). Artificial intelligence (AI) in travel and expenditure software can minimise or even totally eliminate fraud by confirming the validity of the cost claims made by employees. One of the biggest problems organisations have is the rising quantity of annual travel and expenditure reports that employees submit, which makes it difficult for the finance departments to adequately analyse these reports. Businesses can utilise AI to automate policy checks, develop audit trails, and alert personnel who aren't following the rules. AI eliminates the need for manual intervention by helping to analyse dubious expenditures in terms of policy infractions.
AI is utilised in travel and expenditure software to help employees. For example, it can retrieve digital receipts from emails or extract the essential information from a receipt's image. Hence, employees can increase productivity and decrease expense fraud while saving time by not having to enter all the required data.