travel software market

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• Travel and Expense Management Software Market

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Travel and Expense Management Software Market Size, Share & Industry Analysis, By Deployment (Cloud and On-premises), By Enterprise Type (Large Enterprise and Small & Medium Enterprise), By Industry (BFSI, Healthcare, IT & Telecom, Education, Manufacturing, Retail and E-Commerce, and Others), and Regional Forecast, 2024-2032

Last Updated: April 08, 2024 | Format: PDF | Report ID: FBI107118

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KEY MARKET INSIGHTS

The global travel and expense management software market size was valued at USD 3.19 billion in 2023 and is projected to grow from USD 3.60 billion in 2024 to USD 9.94 billion by 2032, exhibiting a CAGR of 13.5% during the forecast period (2024-2032). Travel and expense management software solutions are developed to automate and manage travel and expense-related processes that are sold, purchased, and used by businesses and organizations. This market includes the development, sale, and implementation of software solutions tailored to the needs of managing travel, tracking expenses, and optimizing related financial processes. The major components of the market include buyers and users, software providers, integration partners, consulting, and implementation services.

Key factors such as the rising penetration of mobile devices, increasing demand for lower operating costs and expenses, and the surging need for hassle-free reimbursement are key factors driving the growth of this market. Further, the rapid growth of travel technology companies presents growth opportunities that drive market growth. However, the lack of skilled labor may hamper industry expansion.

 The COVID-19 pandemic fundamentally impacted numerous supply chain networks and business travels. Amid the pandemic, numerous key industries were progressively adopting new norms, such as working from home, which increased the usage of e-commerce, online streaming services, and cloud provision, among others. Business travel was a major issue initially due to stringent regulations and the early phase of work-from-home adoption. This negatively impacted the deployment and utilization of TEM software, which slightly declined the growth of the market.

Travel and Expense Management Software Market Trends

A pplication of Artificial Intelligence (AI) and Machine Learning in Corporate Travel is Driving the Market Growth

The adoption of AI and machine learning in travel and expense management software aids in improving employees' corporate travel experience by customizing trips, efficient transportation, expense tracking, and language translation, among other operations. Machine learning lessens the pressure on travellers regarding safety and privacy by analyzing traveller data such as personal details, credit card details, company information, and itineraries and ensures the data is accurate.

Machine learning reduces the time and cost of data management analytics, allowing travel managers to focus on executing the actions verified by travel and expenditure data while providing and handling the data in the background. The implementation allows the commuters to understand the transaction details, inform about provider negotiation, and influence the traveller’s behaviour. For instance,

• TrackEx aims to simplify the business travel experience utilizing AI and machine learning technology, allowing businesses in various industry segments to manage travel-related reimbursement and reporting quickly. With AI and machine learning, TrackEx supports optical character recognition and automates mileage tracking for business travels and immediate expenditure reporting with Quickbooks.

Thus, enterprises that support and encourage a flexible routine by arranging a corporate travel management platform that allows employees to book and account for individual tours drive the TEM software market.

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Travel and Expense Management Software Market Growth Factors

Need for Trouble-free Dues and Reimbursements is Increasing the Demand for Travel and Expense Management Software

Business travel expenses are one of the highest costs for any enterprise and, thus, are a crucial segment to manage. Every enterprise wants an organized expense tracking system and reimbursement process that manages and controls travel expenses while handling the expenditure away from employees and the finance managers. Employees can book tickets in the same place with one booking platform or software application, eliminating the chaos of collecting receipts and chasing emails. With the assistance of travel and expense management software, enterprises can control travel spending before it occurs by displaying policy-compliant, curated choices for hotels and airlines. They can construct complex policy streams on such platforms instead of implementing fixed charges.

Furthermore, as the industries are expecting efficiency and consolidation between several software platforms, the enterprise service providers are promptly deploying integrated software applications to cater to the industry demands. These integrations include common software services such as workforce management, human capital management, supply chain management , and enterprise resource planning.

A combined TEM software solution aids transparency on travel spending data that assists cost leakages such as exception allowance, out-of-policy expenditure, and others. For instance,

• SAP Concur is a TEM software provider with secondary features such as on-travel and booking assistance. The company assists in creating TEM solutions by integrating its product offering, consisting of Concur Travel (self-reservation for employees), Concur Expense (policy setting, receipt capturing, and reimbursement), Concur Invoice (vendor payments), and Concur Detect (policy compliance and fraud detection).

Thus, such factors positively impact the industries and propel the TEM software market growth.

RESTRAINING FACTORS

The Increasing Rate of Cybercrimes Puts Data Confidentiality and Security of Transactions in Danger

Travel and expense management software contains data such as employee name, mail-id, business credit card details, business-related actions, transaction details, and other financial histories. Thus, it becomes a crucial concern for businesses, as enterprises tend to be more careful when selecting a travel and expense management software solution.

According to the Global Business Travel Association and Air Plus International report, 68% of business travellers are affected by a third-party payment data breach. Most data breaches for privacy and payment happen from third-party vendors such as hotel booking, airline fares, or other retailers.

Numerous travel departments and providers are utilizing multiple payment security applications. These applications include security regulations such as setting payment security policies, educating travellers about security policies, evaluating data security standards, and responding to online fraud loss. Enterprises integrate data security standards through official portals, seminars, or newsletters but rarely update them. Thus, it becomes very difficult to achieve complete security over the platforms. According to GBTA and Air Plus international reports, over 62% of organizations provide data security guidelines, but they should also communicate them more proactively via emails or booking platforms to avoid fraud.

The impact of such factors is limiting the adoption of travel and expense management software in the market.

Travel and Expense Management Software Market Segmentation Analysis

By deployment analysis.

Remote Access and Virtual Booking to Fuel Cloud Demand

By deployment, the market is divided into on-premise and cloud. Cloud-based deployment controls greater market share, and as per our findings, it is to expand at the highest CAGR during the forecast period. Cloud-based deployment enables remote access and virtual bookings that contribute to improving the service. The enterprises are integrating TEM software with other essential solutions, such as Enterprise Resource Planning (ERP) software and Human Capital Management (HCM), among others, along with interface customizations. This aids in improving customer engagement and clientele demands.

On-premise deployment improves the functionality of TEM software by improving scalability and providing access without an internet connection while lowering periodically billed internet costs. However, due to convenience and features, several enterprises are moving toward cloud implementation and deploying TEM software via cloud vendors.

By Enterprise Type Analysis

Global Surge of Adoption Rate in SMEs owing to Economical Pricing and Convenience

Based on enterprise type, the market is classified into large enterprises and Small & Medium Enterprise (SME).

Our findings suggest SMEs should exhibit marginally higher growth during the forecast period, accounting for higher CAGR as compared to large enterprises. The rising trend of digital transformation and affordable pricing structure of the software resulted in the utilization of TEM software in SMEs. This aided the enterprise in reducing manual travel and business expense reimbursements while saving the workforce for other, more efficient tasks. These types of enterprises focus on reducing extra expenditure and increasing use-case based implementation, which involves business travel and expense management. This highlights the factors that impact the adoption of TEM software in SMEs.

Large enterprise segment to gain gradual CAGR owing to the priority toward employee’s travel experience and investments in bleisure adoption. These enterprises are fixated on maintaining the integrity and deploying applications at a larger scale compared to SMEs. Thus, the rapid adoption of TEM software and an increasing number of start-ups & medium-scale enterprises are fueling the growth of the market.

By Industry Analysis

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Constant Requirement of Corporate Cards to Fuel Software Adoption in the BFSI Industry

Based on industry, the market is sectioned into BFSI, education, healthcare, IT & telecom, manufacturing, retail and e-commerce, and others.

The BFSI segment is expected to stay dominant in terms of market share during the estimated time frame. Employees in the BFSI industry primarily travel for project handling, client project meetings, and for site visits. These factors, including the deployment of integrated corporate cards, further improve the consumer experience and lead the industry toward the adoption of TEM software.

The IT & telecom segment accumulates the major market share and is proposed to remain stagnant in terms of growth during the forecast period. The industry improves its business growth by participating in numerous live events and physical meetings for product launches and endorsements. These factors influence the industry to implement TEM software with increasing business travel.

According to Deloitte, 43% of enterprises initiate business travel for leadership meetings and client project work. Also, 71% of enterprises believe in recovering the travel expenditure by the end of 2023 to the pre-pandemic levels.

The healthcare segment is projected to showcase a significant growth rate during the forecast period. With the increasing number of medical professionals using the travel platform, the industry is showing interest in the adoption of T&E management software.

REGIONAL INSIGHTS

In our research, we have reviewed the market in terms of geography into five regions, including North America, South America, Europe, the Middle East & Africa, and Asia Pacific. These regions are further categorized into several dominating countries.

North America Travel and Expense Management Software Market Size, 2023 (USD Billion)

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North America dominated the market during 2023 as the regional market was valued at USD 1.16 billion. The U.S., among other countries, recovered up to 27% in 2021 in the post-pandemic period. Business travel increased in the U.S. by the end of 2021 due to the vast availability of vaccines throughout the country. According to Deloitte, 34% of corporate travel managers were anticipating reaching half of 2019 standards of business travel expenditure, although only 8% were able to accomplish it.

Numerous enterprises also set up business strategies concerning business expenditures, such as strategic mergers, acquisitions, and advancements, toward product launch and innovation. It further fueled the demand for TEM software. For instance,

• In February 2022, Coupa Software launched the Coupa Travel and Expense solution, which contains software integration to other Coupa offerings such as treasury management, invoice, and supply chain design. Additionally, the company also offered integrations to common third-party ERP and workforce management providers such as SAP and Oracle to meet client requirements.

Europe holds the second largest market share due to growing opportunities for business travel in the region. Furthermore, it is suggested that a healthy growth rate is showcased throughout the forecast period. The industries in the region are innovating in IT and telecom, as well as retail and e-commerce, to expand their product portfolio and implement emerging technologies. For instance, in December 2021, TripActions launched LIQUID in Europe, which provided all-in-one travel and expense management with corporate card integration. This provided geographical expansion and aided in business growth.

The Asia Pacific region is projected to demonstrate the highest CAGR of the region-wise forecast period due to increased cloud adoption, resulting in digital transformation. India, followed by China, is to gain the most market share during the forecast period. According to the Indian National Investment Promotion and Facilitation Agency, India is projected to be among the top 5 on the global scale of the business travel market.

South America is to display a steady CAGR during the forecast period. The deployment of 5G infrastructure, superior network connection, and preferable travel experiences are expected to surge the demand for travel and expense management software platforms.

The Middle East & Africa region is expected to increase opportunities and facilities for the travel and tourism industry, which will improve the growth of the business travel market. Additionally, GCC and South Africa are focusing on the implementation of advanced technologies, which is expected to fuel further the travel and expense management software market growth in the region.

List of Key Companies in Travel and Expense Management Software Market

Strong Design Customizations and Growing Emphasis on Multiple Integration to Lead the Market

The key players are deploying custom interface applications based on emerging technologies such as AI, cloud, and machine learning to merge industrial trends and cater to specific demands. To boost the product portfolio, these players are investing in strategic collaboration and mergers to implement third-party technologies and increase consumer engagement. Innovating their existing portfolio and inventing new products with emerging technologies to expand their market growth are two of the key business strategies enterprises use. The key players are also acquiring and partnering with distinct industry sectors across the globe to expand their market and discover further geographical markets.

List of Key Companies Profiled:

• SAP Concur. (U.S.)
• Workday Inc. (Sweden)
• Coupa Software Inc. (U.S.)
• Basware Corporation (Finland)
• Expensify Inc. (U.S.)
• DATABASICS Inc. (U.S.)
• TripActions Inc. (U.S.)
• Infor Inc. (U.S.)
• Emburse Inc. (U.S.)
• Zoho Corporation Pvt. Ltd. (India)

KEY INDUSTRY DEVELOPMENTS:

• February 2024 – Marqeta and Internet Travel Solutions partnered on a commercial T&E  credit card for the mid-market market. EasyCard corporate card program solutions enable companies to meet the various payment service needs of their employees across all roles and functions.
• August 2023 – HotelPlanner, a travel technology platform and hotel booking engine, announced the acquisition of Lucid Travel. This travel management software company serves sports teams, universities, and event managers. These are HotelPlanner's core business segments and growth areas and both companies share extensive expertise and operational synergies.
• O ctober 2022 – TripActions partnered with Global Glimpse, which is a non-profit organization that supports younger-generation students by improving the travel experience, service learning, cultural immersion, and leadership. They also provided scholarship funds by recycling monitors and laptops.
• October 2022 – Infor Inc. expanded its infrastructure facilities in India by opening a research and development centre in Hyderabad. This facility has 3,700 employees and encompasses digital technologies such as data analytics, data structuration, artificial intelligence , and cloud IoT to provide features and functions for client organizations. This expansion also expanded their footprint and business options in the Asia Pacific region.
• September 2022 – Workday launched a receipt scanning feature to their Workday Mobile Suite, which introduced new features such as automating scans of transaction dates, vendor/merchant information, and transaction amounts. This feature used OCR technology, which enabled the use of multiple information gathering from scanned or captured documents for organizations.

REPORT COVERAGE

An Infographic Representation of Travel and Expense Management Software Market

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Our study on the market provides prime insights on global leading regions to improve business decisions and judgment, considering the market. Additionally, the report provides key insights into the recent developments of the market trends and industry, as well as a thorough review of emerging technologies that are being adopted worldwide. It also emphasizes the major growth-stimulating factors and elements, which allows the reader to obtain an in-depth perception of the market.

REPORT SCOPE & SEGMENTATION

Frequently asked questions.

According to Fortune Business Insights, the global market is projected to reach USD 9.94 billion by 2032.

In 2023, the market size stood at USD 3.19 billion.

The market is projected to grow at a CAGR of 13.5% over the forecast period (2024-2032).

By deployment, the cloud segment is likely to lead the market.

Demand for trouble-free invoice management and reimbursements to boost sales in the market.

Concur Technologies Inc., Coupa Software Inc., Emburse Inc., Expensify Inc., Zoho Corporation Pvt. Ltd., and TripActions Inc. are the top players in the market.

North America is expected to hold the highest market share.

By industry, the BFSI segment is expected to grow with the highest CAGR.

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• STUDY PERIOD: 2019-2032
• BASE YEAR: 2023
• HISTORICAL DATA: 2019-2022
• NO OF PAGES: 150

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The global travel and expense management software market is projected to grow from $3.60 billion in 2024 to $9.94 billion by 2032, at a CAGR of 13.5%

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Travel and expense management software market size to grow usd 15.7 billion by 2032 at a cagr of 18.3% | valuates reports.

BANGALORE, India , Feb. 22, 2024 /PRNewswire/ -- Travel and Expense Management Software Market Size, Share, Competitive Landscape and Trend Analysis Report by Deployment Type (On-premise, Cloud), by Organization Size (Large Enterprises, Small and Medium-sized Enterprises), by Industry Vertical (IT and Telecom, BFSI, Manufacturing, Public Sector, Healthcare, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.

The global travel and expense management software market was valued at USD 3 Billion in 2022, and is projected to reach USD 15.7 Billion by 2032, growing at a CAGR of 18.3% from 2023 to 2032.

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Major Factors Driving the Growth of Travel and Expense Management Software Market

The market for travel and expenditure management software is expanding due in large part to companies' growing use of digital solutions to automate and streamline their travel and expense management procedures, which boost productivity and cut expenses. Further propelling the market development are the growing requirement for real-time visibility and control over spending, the necessity of regulatory compliance, and the increasing globalization of companies. Additionally, the incorporation of cutting-edge technologies like artificial intelligence (AI), machine learning, and data analytics into these software programmes is propelling market expansion by providing improved user experiences, predictive capabilities, and insights.

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TRENDS INFLUENCING THE GROWTH OF THE GLOBAL TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET:

The global increase in corporate travel activities is a major factor driving the growth of the travel and expense management software market. Businesses are sending more staff on business trips, conferences, and customer meetings as a result of globalization and growing corporate operations. Organizations are adopting travel and expenditure management software solutions to simplify procedures, track spending in real-time, and guarantee compliance with corporate regulations as a result of the spike in corporate travel, which makes effective administration of travel expenses necessary.

Businesses in a variety of sectors are looking for solutions to streamline and automate their spending and travel management procedures in order to increase productivity and cut expenses. Travel & Expense Management Software reduces mistakes and eliminates human data entry duties with features including automatic receipt scanning, automated expense report production, and connectivity with accounting systems.

Accurate tracking and reporting of travel costs is mandated by strict business rules and regulatory regulations. Through the use of travel and expense management software, businesses may make sure that workers follow company policy on spending limits, prompt approval of charges, and tax compliance. The capacity of these software solutions to uphold compliance requirements and enforce policy adherence is what propels their acceptance by companies of all sizes.

Having real-time insight into spending trends and travel expenditures is essential for efficient money management and budgetary selection. Travel and Expense Management Software gives businesses centralized platforms to manage expenditure, keep an eye on bills, and instantly analyze spending patterns. The demand is driven by this real-time insight, which enables firms to find cost-saving possibilities, make educated decisions, and reduce financial risks.

Travel and expense management software is starting to need integration capabilities with current business systems, such as ERP (business Resource Planning) and HR (Human Resources) systems. Processes are streamlined, data accuracy is improved, and data synchronization across various business operations is made possible through seamless integration. Adoption of software solutions with strong integration capabilities is fueled by organizations' preference for integrated solutions that can combine travel and cost data with other financial and operational data.

The importance of data analytics and reporting tools in travel and expense management software is growing. Companies need to know about vendor performance, policy compliance, and travel expenditure trends in order to drive strategic decision-making and maximize costs. Organizations are able to get meaningful insights from travel and spending data by utilizing advanced analytics tools that are integrated into these software packages. These tools include predictive analytics, data visualization capabilities, and customisable reporting dashboards.

The increasing popularity of cloud-based travel and expense management software can be attributed to advantages including cost-effectiveness, scalability, and flexibility. By doing away with the requirement for on-premises infrastructure, cloud-based solutions enable businesses to access software from any place or device that has an internet connection. Small and medium-sized businesses (SMEs) find cloud-based solutions especially appealing due to their scalability and accessibility.

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TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET SHARE ANALYSIS

In 2022, the market was led by the cloud segment based on deployment mode. This may be ascribed to the rise in developments in cloud-based infrastructure, as cloud technology offers a number of advantages including easy access to diverse apps from far-off locations, virtual reservations, and other creative solutions.

In 2022, the travel and expenditure management software market was dominated by North America . This is explained by the region's rapid adoption of cloud-based technology. On the other hand, the Asia-Pacific area is growing faster. This is explained by the rise in small-, medium-, and large-scale technological companies in the area.

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Key Players :

AvidXchange Incorporated

ORACLE CORPORATION

Interplx Inc

Apptricity Corp.

TripActions

Coupa Software Inc

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Travel and Expense Management Software Market

Global Travel and Expense Management Software Market Size, Share, Growth, Forecast: By Deployment Type: Cloud Based, On-premises; By Organisation Size: Small and Medium Sized Enterprises, Large Size Enterprises; By Industry Vertical: BFSI, IT and Telecom, Manufacturing, Others; Regional Analysis; Competitive Landscape; 2024-2032

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Global Travel and Expense Management Software Market Outlook

The global travel and expense management software market size reached approximately USD 10.10 billion in 2023. The market is projected to grow at a CAGR of 12.3% between 2024 and 2032, reaching a value of around USD 28.68 billion by 2032.

Key Trends in the Market

Travel and expense management software, also known as T&E software, is a specialised software designed to streamline and automate the processes involved in managing travel expenses and reimbursements within an organisation. It provides a centralised platform for employees, managers, and finance teams to track, submit, review, approve, and reimburse travel-related expenses.

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• The increasing adoption of cloud-based technologies has revolutionised the software sector, and the travel and expense management software market is no exception. Organisations are increasingly opting for cloud-based solutions due to their scalability, accessibility, and cost-effectiveness. Cloud-based travel and expense management software also enables real-time data access, seamless integration with other systems, and reduced infrastructure costs.
• Automation and artificial intelligence (AI) technologies have significantly impacted the travel and expense management landscape. AI-powered solutions can automate various tasks, such as receipt scanning, expense categorisation, and policy compliance checks. This automation not only saves time and reduces manual errors but also improves data accuracy and enhances policy enforcement.
• As organisations handle sensitive financial and personal data during the expense management process, security and data privacy have become critical considerations. Travel and expense management software providers are investing in robust security measures, including encryption, secure data storage, and user authentication protocols, to protect sensitive information.
• The rising need for compliance with data security regulations, such as the General Data Protection Regulation (GDPR), is another key factor propelling the travel and expense management software market growth.

Market Analysis

Based on deployment type, the market is bifurcated into cloud based and on-premises. On the basis of organisation size, the market can be segmented into small and medium sized enterprises and large enterprises.

The market division, based on industry vertical, includes BFSI, IT and telecom, manufacturing, public sector, healthcare, and retail, among others. The major regional markets for travel and expense management software are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global travel and expense management software market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

• Oracle Corporation
• Oversight Systems Inc
• Navan, Inc.
• Travelator, Inc.
• Zoho Corporation Pvt. Ltd.
• Emburse, Inc.
• Webexpenses Pty Ltd.
• Coupa Software Inc.

Market Share by Deployment Type

In the forecast period, the cloud-based deployment segment is anticipated to hold a significant portion of the travel and expense management software market share. Cloud-based deployment offers benefits such as remote access and virtual bookings, which enhance the accessibility to travel and expense management software.

Enterprises are now integrating travel and expense management software with critical solutions like enterprise resource planning (ERP) and human capital management (HCM), among others. They are also customising interfaces to improve customer engagement and meet the demands of their clientele.

Market Share by Organisation Size

According to the market analysis, small and medium-sized enterprises (SMEs) are expected to experience a healthy growth. This can be attributed to the increasing trend of digital transformation and the affordable pricing structure available in the travel and expense management software market, which has made the solution more accessible to SMEs.

Competitive Landscape

Infor is a multinational business cloud software company headquartered in New York, the United States. The company develops complete solutions for sectors, including industrial manufacturing, healthcare, food and beverage, hospitality, and high-tech, among others. The company was established in the year 2002 and operates under its parent organisation Koch Industries.

Oracle Corporation is a pioneer in the database management sector and is recognised as one of the leading IT companies in the world. The company has been innovating in the software development field since its establishment in 1977. With its headquarter located in Texas, the United States, it supports numerous organisations to advance their scientific and medical research.

Oversight Systems Inc is a United States-based computer software company founded in 2003. It operates in the software development field as a leading provider of artificial intelligence-based solutions to mitigate risks, detect fraud, and ensure compliance with various regulations. The company's platform utilises advanced analytics and machine learning algorithms to analyse large volumes of data from multiple sources.

Other market players include Navan, Inc., SAP SE, Travelator, Inc., Zoho Corporation Pvt. Ltd., Emburse, Inc., Webexpenses Pty Ltd., and Coupa Software Inc., among others.

Key Highlights of the Report

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface 2    Report Coverage – Key Segmentation and Scope 3    Report Description     3.1    Market Definition and Outlook     3.2    Properties and Applications     3.3    Market Analysis     3.4    Key Players 4    Key Assumptions 5    Executive Summary     5.1    Overview     5.2    Key Drivers     5.3    Key Developments     5.4    Competitive Structure     5.5    Key Industrial Trends 6    Market Snapshot     6.1    Global     6.2    Regional 7    Opportunities and Challenges in the Market 8    Global Travel and Expense Management Software Market Analysis     8.1    Key Industry Highlights     8.2    Global Travel and Expense Management Software Historical Market (2018-2023)      8.3    Global Travel and Expense Management Software Market Forecast (2024-2032)     8.4    Global Travel and Expense Management Software Market by Deployment Type         8.4.1    Cloud Based             8.4.1.1    Historical Trend (2018-2023)             8.4.1.2    Forecast Trend (2024-2032)         8.4.2    On-premises             8.4.2.1    Historical Trend (2018-2023)             8.4.2.2    Forecast Trend (2024-2032)     8.5    Global Travel and Expense Management Software Market by Organisation Size         8.5.1    Small and Medium Sized Enterprises             8.5.1.1    Historical Trend (2018-2023)             8.5.1.2    Forecast Trend (2024-2032)         8.5.2    Large Size Enterprises             8.5.2.1    Historical Trend (2018-2023)             8.5.2.2    Forecast Trend (2024-2032)     8.6    Global Travel and Expense Management Software Market by Industry Vertical         8.6.1    BFSI             8.6.1.1    Historical Trend (2018-2023)             8.6.1.2    Forecast Trend (2024-2032)         8.6.2    IT and Telecom             8.6.2.1    Historical Trend (2018-2023)             8.6.2.2    Forecast Trend (2024-2032)         8.6.3    Manufacturing             8.6.3.1    Historical Trend (2018-2023)             8.6.3.2    Forecast Trend (2024-2032)         8.6.4    Public Sector             8.6.4.1    Historical Trend (2018-2023)             8.6.4.2    Forecast Trend (2024-2032)         8.6.5    Healthcare             8.6.5.1    Historical Trend (2018-2023)             8.6.5.2    Forecast Trend (2024-2032)         8.6.6    Retail             8.6.6.1    Historical Trend (2018-2023)             8.6.6.2    Forecast Trend (2024-2032)         8.6.7    Others     8.7    Global Travel and Expense Management Software Market by Region         8.7.1    North America             8.7.1.1    Historical Trend (2018-2023)             8.7.1.2    Forecast Trend (2024-2032)         8.7.2    Europe             8.7.2.1    Historical Trend (2018-2023)             8.7.2.2    Forecast Trend (2024-2032)         8.7.3    Asia Pacific             8.7.3.1    Historical Trend (2018-2023)             8.7.3.2    Forecast Trend (2024-2032)         8.7.4    Latin America             8.7.4.1    Historical Trend (2018-2023)             8.7.4.2    Forecast Trend (2024-2032)         8.7.5    Middle East and Africa             8.7.5.1    Historical Trend (2018-2023)             8.7.5.2    Forecast Trend (2024-2032) 9    North America Travel and Expense Management Software Market Analysis     9.1    United States of America          9.1.1    Historical Trend (2018-2023)         9.1.2    Forecast Trend (2024-2032)     9.2    Canada         9.2.1    Historical Trend (2018-2023)         9.2.2    Forecast Trend (2024-2032) 10    Europe Travel and Expense Management Software Market Analysis     10.1    United Kingdom         10.1.1    Historical Trend (2018-2023)         10.1.2    Forecast Trend (2024-2032)     10.2    Germany         10.2.1    Historical Trend (2018-2023)         10.2.2    Forecast Trend (2024-2032)     10.3    France         10.3.1    Historical Trend (2018-2023)         10.3.2    Forecast Trend (2024-2032)     10.4    Italy         10.4.1    Historical Trend (2018-2023)         10.4.2    Forecast Trend (2024-2032)     10.5    Others 11    Asia Pacific Travel and Expense Management Software Market Analysis     11.1    China         11.1.1    Historical Trend (2018-2023)         11.1.2    Forecast Trend (2024-2032)     11.2    Japan         11.2.1    Historical Trend (2018-2023)         11.2.2    Forecast Trend (2024-2032)     11.3    India         11.3.1    Historical Trend (2018-2023)         11.3.2    Forecast Trend (2024-2032)     11.4    ASEAN         11.4.1    Historical Trend (2018-2023)         11.4.2    Forecast Trend (2024-2032)     11.5    Australia         11.5.1    Historical Trend (2018-2023)         11.5.2    Forecast Trend (2024-2032)     11.6    Others 12    Latin America Travel and Expense Management Software Market Analysis     12.1    Brazil         12.1.1    Historical Trend (2018-2023)         12.1.2    Forecast Trend (2024-2032)     12.2    Argentina         12.2.1    Historical Trend (2018-2023)         12.2.2    Forecast Trend (2024-2032)     12.3    Mexico         12.3.1    Historical Trend (2018-2023)         12.3.2    Forecast Trend (2024-2032)     12.4    Others 13    Middle East and Africa Travel and Expense Management Software Market Analysis     13.1    Saudi Arabia         13.1.1    Historical Trend (2018-2023)         13.1.2    Forecast Trend (2024-2032)     13.2    United Arab Emirates         13.2.1    Historical Trend (2018-2023)         13.2.2    Forecast Trend (2024-2032)     13.3    Nigeria         13.3.1    Historical Trend (2018-2023)         13.3.2    Forecast Trend (2024-2032)     13.4    South Africa         13.4.1    Historical Trend (2018-2023)         13.4.2    Forecast Trend (2024-2032)     13.5    Others 14    Market Dynamics     14.1    SWOT Analysis         14.1.1    Strengths         14.1.2    Weaknesses         14.1.3    Opportunities         14.1.4    Threats     14.2    Porter’s Five Forces Analysis         14.2.1    Supplier’s Power         14.2.2    Buyer’s Power         14.2.3    Threat of New Entrants         14.2.4    Degree of Rivalry         14.2.5    Threat of Substitutes     14.3    Key Indicators for Demand     14.4    Key Indicators for Price   15    Competitive Landscape     15.1    Market Structure     15.2    Company Profiles         15.2.1    Infor             15.2.1.1    Company Overview             15.2.1.2    Product Portfolio             15.2.1.3    Demographic Reach and Achievements             15.2.1.4    Certifications         15.2.2    Oracle Corporation             15.2.2.1    Company Overview             15.2.2.2    Product Portfolio             15.2.2.3    Demographic Reach and Achievements             15.2.2.4    Certifications         15.2.3    Oversight Systems Inc             15.2.3.1    Company Overview             15.2.3.2    Product Portfolio             15.2.3.3    Demographic Reach and Achievements             15.2.3.4    Certifications         15.2.4    Navan, Inc.             15.2.4.1    Company Overview             15.2.4.2    Product Portfolio             15.2.4.3    Demographic Reach and Achievements             15.2.4.4    Certifications         15.2.5    SAP SE             15.2.5.1    Company Overview             15.2.5.2    Product Portfolio             15.2.5.3    Demographic Reach and Achievements             15.2.5.4    Certifications         15.2.6    Travelator, Inc.             15.2.6.1    Company Overview             15.2.6.2    Product Portfolio             15.2.6.3    Demographic Reach and Achievements             15.2.6.4    Certifications         15.2.7    Zoho Corporation Pvt. Ltd.             15.2.7.1    Company Overview             15.2.7.2    Product Portfolio             15.2.7.3    Demographic Reach and Achievements             15.2.7.4    Certifications         15.2.8    Emburse, Inc.             15.2.8.1    Company Overview             15.2.8.2    Product Portfolio             15.2.8.3    Demographic Reach and Achievements             15.2.8.4    Certifications         15.2.9    Webexpenses Pty Ltd.             15.2.9.1    Company Overview             15.2.9.2    Product Portfolio             15.2.9.3    Demographic Reach and Achievements             15.2.9.4    Certifications         15.2.10    Coupa Software Inc.             15.2.10.1    Company Overview             15.2.10.2    Product Portfolio             15.2.10.3    Demographic Reach and Achievements             15.2.10.4    Certifications         15.2.11    Others 16    Key Trends and Developments in the Market

List of Key Figures and Tables

1.    Global Travel and Expense Management Software Market: Key Industry Highlights, 2018 and 2032 2.    Global Travel and Expense Management Software Historical Market: Breakup by Deployment Type (USD Billion), 2018-2023 3.    Global Travel and Expense Management Software Market Forecast: Breakup by Deployment Type (USD Billion), 2024-2032 4.    Global Travel and Expense Management Software Historical Market: Breakup by Organisation Size (USD Billion), 2018-2023 5.    Global Travel and Expense Management Software Market Forecast: Breakup by Organisation Size (USD Billion), 2024-2032 6.    Global Travel and Expense Management Software Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2023 7.    Global Travel and Expense Management Software Market Forecast: Breakup by Industry Vertical (USD Billion), 2024-2032 8.    Global Travel and Expense Management Software Historical Market: Breakup by Region (USD Billion), 2018-2023 9.    Global Travel and Expense Management Software Market Forecast: Breakup by Region (USD Billion), 2024-2032 10.    North America Travel and Expense Management Software Historical Market: Breakup by Country (USD Billion), 2018-2023 11.    North America Travel and Expense Management Software Market Forecast: Breakup by Country (USD Billion), 2024-2032 12.    Europe Travel and Expense Management Software Historical Market: Breakup by Country (USD Billion), 2018-2023 13.    Europe Travel and Expense Management Software Market Forecast: Breakup by Country (USD Billion), 2024-2032 14.    Asia Pacific Travel and Expense Management Software Historical Market: Breakup by Country (USD Billion), 2018-2023 15.    Asia Pacific Travel and Expense Management Software Market Forecast: Breakup by Country (USD Billion), 2024-2032 16.    Latin America Travel and Expense Management Software Historical Market: Breakup by Country (USD Billion), 2018-2023 17.    Latin America Travel and Expense Management Software Market Forecast: Breakup by Country (USD Billion), 2024-2032 18.    Middle East and Africa Travel and Expense Management Software Historical Market: Breakup by Country (USD Billion), 2018-2023 19.    Middle East and Africa Travel and Expense Management Software Market Forecast: Breakup by Country (USD Billion), 2024-2032

What was the global travel and expense management software market size in 2023?

In 2023, the market reached a value of around USD 10.10 billion.

What is the growth rate of the global travel and expense management software market?

The market is projected to grow at a CAGR of 12.3% between 2024 and 2032.

What is the forecast outlook of the travel and expense management software market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 28.68 billion by 2032.

What are the major market drivers?

The market is being driven by the increasing international travel activities and the growing adoption of cloud-based technologies.

What are the key trends in the market?

The key trends propelling the market growth include the rising importance of secure data storage and financial privacy and the increasing deployment of travel and expense management software in SMEs.

What are the major regional markets for travel and expense management software, according to the EMR report?

The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the major deployment types of travel and expense management software?

The major deployment types of travel and expense management software include cloud based and on-premises.

Who are the key market players, according to the report?

The key market players in the travel and expense management software market are Infor, Oracle Corporation, Oversight Systems Inc, Navan, Inc., SAP SE, Travelator, Inc., Zoho Corporation Pvt. Ltd., Emburse, Inc., Webexpenses Pty Ltd., and Coupa Software Inc., among others.

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Travel Management Software Market Research Report: Information By Component (Solutions and Services), By Deployment (On-Premise and On-Cloud), By Industry (Manufacturing, Transportation, Retail & Logistics, Healthcare, and Energy), By Application (Internet, Mobile Applications, and Computer System), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) – Market Forecast Till 2032.

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Travel Management Software Market Trends Need for trouble-free dues and reimbursements is driving the market growth

Since business travel expenses are among the greatest costs for any company, it is essential to control this area. Every business wants a well-organized system for tracking expenses and a reimbursement procedure that handles travel charges independently of employees and finance managers. One software application or booking platform allows employees to order tickets together, doing away with the hassle of following down emails and receipts. Enterprises can prevent unnecessary travel spending by showing policy-compliant, curated options for hotels and flights on travel and expense management software.On such platforms, they can implement complicated policy streams rather than fixed fees. Additionally, the enterprise service providers are quickly developing integrated software solutions to meet industry demands as the industries want efficiency and convergence amongst various software platforms. Common software services including corporate resource planning, supply chain management, labour management, and human capital management are included in these interfaces.

Transparency on travel spending data is aided by an integrated TEM software solution, which also helps with cost leakages such exception allowance, out-of-policy expenditure, and others. For instance, SAP Concur is a provider of TEM software with ancillary services like on-travel and booking support. By integrating its product line, which consists of Concur Travel (self-reservation for employees), Concur Expense (policy setting, receipt capturing, and reimbursement), Concur Invoice (vendor payments), and Concur Detect (policy compliance and fraud detection), the company aids in the creation of TEM solutions. As a result, these variables have a favorable effect on the economy and the TEM software industry.

Software for managing travel and expenses provides employees with an easier way to create cost reports and submit them to management for approval of reimbursements. The software also assists in organizing staff travel arrangements and creating travel schedules, offering a structured method of data management. To ensure user convenience, a number of suppliers are combining the software with mobile applications. This should make it easier for users to utilise the software remotely while on the go. Therefore, accessibility and availability of the software on smartphones are two additional aspects that are anticipated to fuel the travel and spending management software market.

Employers can save manual labour and time-consuming activities by using the travel and spending management software, which helps to prevent errors. By connecting the travel and expense management software with the enterprise resource planning (ERP), human capital management (HCM), and customer relationship management (CRM) systems, management gains a comprehensive understanding of all spending. As a result, the program gives management a comprehensive view of all employee spending, assisting them in controlling budgets and encouraging policy compliance. The market for travel and expense management software will also grow as a result of the programme's ability to monitor and analyse a sizable amount of expense data on a single platform while also saving time and money.Thus, driving the Travel Management Software market revenue.

Travel Management Software Market Segment Insights

Travel management software component insights.

The global Travel Management Software market segmentation, based on Component, includes Solutions and Services. Solutions segment dominated the global market in 2022. This can be ascribed to travelers favoring solutions and software more and more.

Travel Management Software Deployment Insights

The global Travel Management Software market segmentation, based on Deployment, includes On-Premise and On-Cloud. On-cloud segment dominated the global market in 2022. This large percentage can be attributed to the widespread adoption of cloud computing by small and medium-sized businesses. The lack of knowledgeable personnel and technical awareness required for the installation of the cloud-based platform, however, is projected to pose difficulties for the cloud-based deployment type. Similar issues with data security and privacy are anticipated to impede the segment's growth in the travel and expense management software industry.

Travel Management Software Industry Insights

The global Travel Management Software market segmentation, based on Industry, includes Manufacturing, Transportation, Retail & Logistics, Healthcare, and Energy. Transportation segment dominated the global Travel Management Software market in 2022.This is a result of the transportation sector's rising demand for travel management software.

Travel Management Software Application Insights

The global Travel Management Software market segmentation, based on Application, includes Internet, Mobile Applications, and Computer System. Mobile applications segment dominated the global Travel Management Software market in 2022. Apps for managing travel and expenses assist businesses in analysing expense reports so they may get knowledge and make financial decisions.

Figure 1: Global Travel Management Software Market, by Application, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Travel Management Software Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific Travel Management Software market dominated this market in 2022 (45.80%). The existence of numerous small and medium-sized businesses in the area and their growing preference for travel and expense management software are credited with the growth in the area. The demand for the software is also anticipated to expand as business travel picks up in nations like China, India, and Hong Kong, among others. Moreover, China’s Travel Management Software market held the largest market share and the Indian Travel Management Software market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

The North America Travel Management Software Market is expected to register significant growth from 2023 to 2032. This is due to the creation and uptake of cloud technologies by businesses, the accessibility of the software on mobile devices, and the rapid release of new technologies.Further, the U.S. Travel Management Software market held the largest market share, and the Canada Travel Management Software market was the fastest growing market in the North America region.

Europe Travel Management Software market accounted for the healthy market share in 2022. This is due to the rapid growth of technology, digitalization, and the accessibility of software on mobile devices. Further, the German Travel Management Software market held the largest market share, and the U.K Travel Management Software market was the fastest growing market in the European region.

Travel Management Software Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Travel Management Software market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Travel Management Software industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Travel Management Software industry to benefit clients and increase the market sector. In recent years, the Travel Management Software industry has offered some of the most significant advantages to medicine. Major players in the Travel Management Software market, including APPRICITY Corporation, ARIETT, BASWARE, DATABASIC, Expense 8, FRAEDOM, Oracle Corporation, NetSuite, SKYJUNXION, TRIPPEO Technologies, INSPERITY, INTERPIX, Unit 4, NEXONIA, and Paychex, are attempting to increase market demand by investing in research and development Components.

Enterprise software and services are offered by Infor Inc (Infor). The company provides a variety of corporate business software products and solutions, including cloud suite, supply chain management, human capital management, enterprise asset management, and enterprise relationship management. Additional services include advising, deployment, managed, and client support. Education services like transformation and training services are among Infor's other offerings. It benefits the automotive, chemical, distribution, fashion, financial services, food and beverage, manufacturing, and healthcare industries in addition to aerospace and defence. Asia-Pacific, Europe, and the Americas are the company's operating regions.Infor's US headquarters are in New York. By establishing a research and development facility in Hyderabad in October 2022, Infor Inc. increased the size of its infrastructural facilities in India. In order to deliver features and functions for client organizations, this facility employs 3,700 people and incorporates digital technologies like data analytics, data structuration, artificial intelligence, and cloud computing. Additionally, this growth increased their market reach and commercial opportunities in the Asia Pacific region.

In order to give business travelers better travel experiences, TripActions, Inc. (TripActions) offers a corporate travel management platform that blends data science with cutting-edge services. The platform of TripActions harnesses the strength of cutting-edge AI technology to arrange lodging, flights, and transportation for business travelers. In order to empower students of the younger generation by enhancing travel experiences, service learning, cultural immersion, and leadership, TripActions joined with Global Glimpse in October 2022. By recycling computers and displays, they also contributed money for scholarships.

Key Companies in the Travel Management Software market include

APPRICITY Corporation

Oracle Corporation

TRIPPEO Technologies

Travel Management Software Industry Developments

September 2022: The Workday Mobile Suite now has a receipt scanning capability that added additional capabilities such automated scans of transaction dates, vendor/merchant information, and transaction amounts. Through the use of OCR technology, organisations were able to obtain a variety of information from scanned or captured documents.

July 2022: Expensify collaborated with PLAID, a company in the UK that offered a variable recurring payment system. The collaboration automated bank account withdrawals made by customers to pay off debt and balances.

Travel Management Software Market Segmentation

Travel management software component outlook, travel management software deployment outlook, travel management software industry outlook.

Manufacturing

Transportation

Retail & Logistics

Travel Management Software Application Outlook

Mobile Applications

Computer System

Travel Management Software Regional Outlook

North America

Rest of Europe

Asia-Pacific

South Korea

Rest of Asia-Pacific

Rest of the World

Middle East

Latin America

Travel Management Software Market Highlights:

• Travel Management Software Market Size
• Travel Management Software Market Trends
• Travel Management Software Market Analysis
• Travel Management Software Market Share
• US Travel Management Software Market
• Travel Management Software Companies

Frequently Asked Questions (FAQ) :

The global Travel Management Software market size was valued at USD 8.2 Billion in 2022.

The global market is projected to grow at a CAGR of 10.50% during the forecast period, 2023-2032.

Asia Pacific had the largest share in the global market

The key players in the market are APPRICITY Corporation, ARIETT, BASWARE, DATABASIC, Expense 8, FRAEDOM, Oracle Corporation, NetSuite, SKYJUNXION, TRIPPEO Technologies, INSPERITY, INTERPIX, Unit 4, NEXONIA, and Paychex

The Solutions Component dominated the market in 2022.

The On-Cloud Deployment had the largest share in the global market.

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Global Travel Software Market by Type (Cloud-based, On-premises), By Application (Personal, Corporate) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

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The global travel software market is expected to grow at a CAGR of 7.2% during the forecast period, from 2021 to 2030. The market is driven by the increasing demand for cloud-based solutions and the need for automation in travel management. The personal segment accounted for the largest share of this market in 2018, followed by corporate segment. North America was the leading region in terms of revenue contribution, followed by Europe and Asia Pacific respectively.

Some Of The Growth Factors Of This Market:

• The travel industry is growing at a rapid pace, with the global travel and tourism market expected to grow by 4.5% in 2018 to $7.3 trillion.
• The growth of online booking sites has led to an increase in demand for software that can help manage reservations and inventory across multiple channels.
• Online booking sites have also increased competition among hotels, airlines, and other travel providers which has led them to invest more heavily in technology.
• As a result of these investments, there are now more options for travelers when it comes to booking flights or hotels.
• This increased competition has also led companies like Expedia Inc, Priceline Group Inc, TripAdvisor Inc, and Booking Holdings Inc, which owns Bookingcom and Agoda among others).

Industry Growth Insights published a new data on “Travel Software Market”. The research report is titled “ Travel Software Market research by Types (Cloud-based, On-premises), By Applications (Personal, Corporate), By Players/Companies TripActions, SAP, Lola, Rydoo, Certify, TravelBank, Egencia, Tuniu, Qunar ”.

Scope Of The Report

Global travel software market report segments:.

The global Travel Software market is segmented on the basis of:

Cloud-based, On-premises

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Personal, Corporate

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

• TripActions

Highlights of The Travel Software Market Report:

• The market structure and projections for the coming years.
• Drivers, restraints, opportunities, and current trends of market.
• Historical data and forecast.
• Estimations for the forecast period 2030.
• Developments and trends in the market.

Cloud-based

On-premises.

• By Application:
• Market scenario by region, sub-region, and country.
• Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
• Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
• Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Travel Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

• North America
• Asia Pacific
• Middle East & Africa
• Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

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8 Reasons to Buy This Report

• Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
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• Customization of the Report Available

Frequently Asked Questions?

Travel software is a type of software that helps travelers plan and book travel arrangements. It can include features such as finding deals on flights, hotels, and other attractions.

Some of the key players operating in the travel software market are TripActions, SAP, Lola, Rydoo, Certify, TravelBank, Egencia, Tuniu, Qunar.

The travel software market is expected to grow at a compound annual growth rate of 7.2%.

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Travel Management Software Market

Travel Management Software Market : Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031

Market Insights on Travel Management Software covering sales outlook, demand forecast and up-to-date key trends

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Travel Management Software Market Overview

The travel management software market was valued US$ 95.7 Bn in 2020, and would grow by more than 12.1% CAGR. Travel management software helps to prevent human error, fraud, and streamlining the business process by monitoring and controlling expense reports.

This software provides visibility to improve the efficiency of the expense handing process and reduces travel costs. It provides greater control over expense management and reduces reporting errors. It provides benefits such as minimize the travel expense, boost up the processes to provide cost benefits, and improves the operational efficiency.

According to latest research, travel management software market is set to witness higher growth during 2021-2031. The market will show highest growth in coming years, owing to increasing adoption of mobile devices in recent years.

What is Driving Demand for Travel Management Software Market?

Growing adoption of devices such as tablets, laptops, and mobile devices in recent years and need for better expense visibility propels the demand for travel management software market. With the help of smart mobile devices end user are able to change their flights, locate their luggage, book tickets online, and can share expense sheets.

Travel management software provides easy access to budget plans by connecting devices over the network. Thus major business shifted towards travel management solutions. As well as it reduces operational costs for an enterprise/organizations by providing end-to-end expense and travel management solutions.

Thus growing adoption of mobile devices in recent years and rising adoption of end-to-end expense and travel management solutions over the years augment the growth of the travel management software market.

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Growing Demand for Travel Management Software Tools by Small, Medium, & Large-Sized Business, Companies, Individuals, and End Users Is Driving the Adoption of Travel Management Software Market

The adoption of travel management software tools by small, medium, & large-sized business, companies, individuals, and end-users has witness significant growth in recent years.

These tools helps business/companies to provide valuable corporate travel data, reduced travel expenses, more cost-conscious culture, streamlined processes, record travel expenses and reduce the time needed for manually plan trips. Also requirement of safety, traveller security, and need to handle operations of travel program has increased over the years.

The demand for tourism industry and transportation has increased across the globe. Thus increasing awareness about travel management software among end-users expected to propel the growth of the travel management software market.

North America Travel Management Software Market Outlook

North America is anticipated to constitute a highest growth in the travel management Software market over the forecasted period. The US and Canada shows significant growth in travel management software market owing to take up arms by government on the transportation sector and tour & travel sectors.

As well as increasing spending by the international and domestic travelers in the US opens up millions of job opportunities in various sector in the region which propels the growth of the travel management software market in North America region.

US and Canada shows significant growth for the transportation, and tour & travel market. In recent years US and Canada witnesses increasing export activities in the region which fuels the demand for the growth of the travel management software market in north America region.

Canada and US has massive presence of travel management software providers such as Oracle Corporation and Nexonia and in the Canada and US.

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Europe Demand Outlook for Travel Management Software Market

Europe is the second largest contributor to travel management software market, owing to technological advancements in cloud-based services in the region. France, Germany, Italy, France, and U.K. are the dominating economies in Europe region.

High adoption cloud based services in the developed economies such as Germany, France, and U.K. fuels the growth of the travel management software market in Europe region. Also increasing demand for travel management software by SME’s and large enterprises in the region fuels the growth of the travel management software market.

The stringent government regulations about tourism industry, transportation industry and tour & travel industry in major economies such as France, Germany, Italy, United Kingdom, Spain has been one of the major driving factor for the growth of the travel management software market.

Who are the Major vendors of Travel Management Software Market?

Some of the leading vendors and companies of travel management software market include

• chrome River Technologies,
• Coupa Software
• IBM Corporation
• Oracle Corporation
• Concur (SAP)
• Apptricity Corporation
• Paychex among others.

These key vendors have adopted various organic/inorganic strategies, to increase customer base at global market. They spends millions of dollars into product research and development to carry off the needs of their customers for travel management software market.

Furthermore, many companies are focusing on strategic partnership with other tech player to enhance their product offering.

For instance, In March 2021, Expensify announced partnership with TripActions. This partnership helps company to make business travel smoother by automating expense management and corporate travel.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key Segments

By solution.

• Cloud-Based
• On-Premises
• Professional Services
• Managed Services

By Organization Size

• Small and Medium Scale
• Large Scale

By Industry

• Manufacturing
• Aerospace and Defense
• Transportation
• Retail & Logistics
• Rest of Latin America
• Rest of Europe
• South Korea
• Australia & New Zealand
• Rest of South Asia & Pacific
• GCC Countries
• South Africa
• North Africa
• Rest of Middle East & Africa

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潔朠瑥搠瑥楡敬⁤湡污獹獩漠瑯敨⁲敳浧湥獴‬敒畱獥⁴潆⁲牆敥匠浡汰⁥敒潰瑲

汇扯污吠慲敶慍慮敧敭瑮匠景睴牡⁥慍歲瑥删来潩慮湉楳桧獴

桔⁥汧扯污琠慲敶慭慮敧敭瑮猠景睴牡⁥慭歲瑥椠獁慩倠捡晩捩椠⁳硥数瑣摥琠硥慰摮愠⁴⁡慲楰⁤慰散搠牵湩⁧桴⁥潦敲慣瑳瀠牥潩⹤䄠慰瑲映潲桴⁥慬杲⁥畮扭牥漠⁦浳污湡⁤敭楤浵攠瑮牥牰獩獥愠摮琠敨物朠潲楷杮愠灰瑥瑩⁥潦⁲牴癡汥攠灸湥敳洠湡条浥湥⁴潳瑦慷敲‬桴⁥牧睯桴漠⁦桴⁥湩畤瑳祲椠⁳硥数瑣摥琠湩牣慥敳琠敨搠浥湡⁤潦⁲潳瑦慷敲搠敵琠湩牣慥楳杮戠獵湩獥⁳牴癡汥椠潣湵牴敩⁳楬敫䌠楨慮‬湉楤⁡湡⁤潈杮䬠湯⹧䄠楳ⵡ慐楣楦⁣獩攠灸牥敩据湩⁧楳湧晩捩湡⁴捥湯浯捩朠潲瑷ⱨ映敵楬杮椠据敲獡湩⁧潤敭瑳捩愠摮椠瑮牥慮楴湯污戠獵湩獥⁳捡楴楶楴獥‮獁挠浯慰楮獥攠灸湡⁤桴楥⁲灯牥瑡潩獮‬桴⁥敮摥映牯攠晦捩敩瑮氠杯獩楴獣戠捥浯獥瀠牡浡畯瑮‬桴獵椠据敲獡湩⁧桴⁥敤慭摮映牯氠杯獩楴獣猠景睴牡⁥湩琠敨爠来潩⹮

潔欠潮⁷潭敲愠潢瑵琠敨洠牡敫⁴灯潰瑲湵瑩敩⁳祢爠来潩湡⁤潣湵牴ⱹ挠楬正栠牥⁥潴䈠祵吠敨䌠浯汰瑥⁥敒潰瑲

楒楳杮丠敥⁤潦⁲慈獳敬昭敲⁥畏獴慴摮湩⁧慐浹湥獴

• 畂楳敮獳琠慲敶硥数獮獥愠敲漠敮漠⁦桴⁥楨桧獥⁴硥数獮獥漠⁦湡⁹畢楳敮獳愠摮琠敨敲潦敲愠浩潰瑲湡⁴慰瑲琠敤污眠瑩⹨䔠敶祲挠浯慰祮眠湡獴愠猠牴捵畴敲⁤潣瑳琠慲正湩⁧祳瑳浥愠摮愠爠楥扭牵敳敭瑮猠獹整桴瑡琠慲正⁳湡⁤潣瑮潲獬琠慲敶硥数獮獥眠楨敬挠湯牴汯楬杮挠獯獴映潲慭慮敧敭瑮愠摮映湩湡散洠湡条牥⹳䔠灭潬敹獥挠湡戠潯楴正瑥⁳湩漠敮瀠慬散甠楳杮愠猠湩汧⁥潢歯湩⁧祳瑳浥漠⁲潳瑦慷敲愠灰楬慣楴湯‬汥浩湩瑡湩⁧桴⁥汣瑵整⁲景琠慲正湩⁧敲散灩獴愠摮攠慭汩⹳圠瑩⁨桴⁥敨灬漠⁦牴癡汥攠灸湥敳洠湡条浥湥⁴潳瑦慷敲‬畢楳敮獳獥挠湡挠湯牴汯琠慲敶硥数獮獥瀠潲捡楴敶祬戠⁹楤灳慬楹杮猠牴瑡来⵹污杩敮Ɽ琠楡潬敲⁤灯楴湯⁳潦⁲潨整獬愠摮愠物楬敮⁳湩瑳慥⁤景甠楳杮愠映硩摥愠潭湵⹴

敔档潮潬楧慣摁慶据浥湥獴

敎摥䘠牯䴠湯瑩牯湩⁧湡⁤慍慮楧杮䌠慨杲獥

• 桔⁥敮摥映牯洠湯瑩牯湩⁧湡⁤慭慮楧杮挠慨杲獥漠敶⁲桴⁥湡楴楣慰整⁤敬杮桴栠獡爠獥汵整⁤湩愠栠杵⁥湩牣慥敳椠獮摩⁥桴⁥摡灯楴湯漠⁦潪牵敮⁹湡⁤牰捩⁥潣瑮潲潳瑦慷敲琠牨畯桧畯⁴湩畤瑳楲獥‮摁楤楴湯污祬‬桴⁥湩牣慥敳椠畢楳敮獳樠畯湲祥⁳湡⁤硥畣獲潩獮栠獡戠敥桳牡汰⁹牧睯湩⹧䈠捥畡敳琠楨⁳潣瑮潲潳瑦慷敲愠獳獩獴椠慨摮楬杮戠潯楫杮⁳湡⁤牣慥楴杮椠楴敮慲楲獥映牯攠灭潬敹獥‬慭祮戠獵湩獥敳⁳牡⁥敨癡汩⁹湩敶瑳摥椠敤污湩⁧楷桴琠敨映敥爠捥牯⁤桴潲杵⁨瑩‮潆⁲硥浡汰ⱥ攠敶祲搠祡‬污潭瑳ㄠ㌮洠汩楬湯栠浵湡戠楥杮⁳牴癡汥映牯瀠楡瑮湩獧椠獮摩⁥桴⁥湕瑩摥匠慴整⹳

• 湏⁥景琠敨洠獯⁴浩潰瑲湡⁴敲瑳慲湩獴椠桴⁥汧扯污琠慲敶慭慮敧敭瑮猠景睴牡⁥慭歲瑥椠⁳桴⁥楨桧椠楮楴污椠灭敬敭瑮瑡潩潣瑳⁳獡潳楣瑡摥眠瑩⁨浩汰浥湥楴杮琠敨敳猠汯瑵潩獮䌠浯慰楮獥洠祡渠敥⁤潴椠癮獥⁴潳瑦慷敲氠捩湥楳杮‬畣瑳浯穩瑡潩Ɱ椠瑮来慲楴湯眠瑩⁨硥獩楴杮猠獹整獭愠摮椠浥汰祯敥琠慲湩湩⹧䘠牯猠慭汬愠摮洠摥畩⵭楳敺⁤湥整灲楲敳⁳匨䕍⥳漠⁲畢楳敮獳獥眠瑩⁨楴桧⁴畢杤瑥ⱳ琠敨敳甠晰潲瑮挠獯獴挠湡戠⁥⁡慢牲敩⁲潴愠潤瑰潩⹮

敒畱獥⁴牆敥䌠獵潴業慺楴湯漠⁦桴獩爠灥牯⁴潴栠汥⁰獵琠敭瑥礠畯⁲畢楳敮獳漠橢捥楴敶⹳

汇扯污吠慲敶慍慮敧敭瑮匠景睴牡⁥慍歲瑥䌠浯数楴楴敶䰠湡獤慣数

• 硅数獮晩⁹湉⹣
• 桃潲敭删癩牥吠捥湨汯杯敩⁳湉⹣
• 敎潸楮⁡湉⹣
• 慐捹敨⁸湉⹣
• 牆敡潤潈摬湩獧䰠浩瑩摥
• 扁捡獵䰠扡⁳湉⹣
• 潚潨䌠牯潰慲楴湯

• 湉䄠杵獵⁴〲㈲‬桴⁥⹕⹓洠汵楴慮楴湯污琠捥湨汯杯⁹潣灭湡⁹牏捡敬䌠牯潰慲楴湯椠⁳敳⁴潴愠煣極敲攠敬瑣潲楮⁣敨污桴爠捥牯獤洠歡牥䌠牥敮⁲潃灲牯瑡潩湩愠琠慲獮捡楴湯瘠污敵⁤瑡␠㠲㌮䈠汩楬湯⠠扡畯⁴㠤‷数⁲数獲湯椠桴⁥单⸩
• 湉䨠湵⁥〲㈲‬汣浩瑡⁥整档潮潬祧挠浯慰祮䌠潨獯⁥慰瑲敮敲⁤楷桴匠偁䌠湯畣⁲潴氠畡据⁨瑩⁳敮⁷汃浩瑡⁥灁Ɒ眠楨档愠瑵浯瑡獥洠慥畳楲杮挠牡潢浥獩楳湯⹳

汇扯污吠慲敶慍慮敧敭瑮匠景睴牡⁥慍歲瑥匠祫畑獥⁴湁污獹獩

歓兹敵瑳胢玙䄠䥂䅒⁗䄨癤湡散⁤畂楳敮獳䤠瑮汥楬敧据ⱥ删獥慥捲⁨…湁污獹獩圠湩⥧椠⁳畯⁲畂楳敮獳䤠普牯慭楴湯匠牥楶散⁳整浡琠慨⁴潃汬捥獴‬潃汬瑡獥‬潃牲汥瑡獥‬湡⁤湁污獹獥琠敨䐠瑡⁡潣汬捥整⁤祢洠慥獮漠⁦牐浩牡⁹硅汰牯瑡牯⁹敒敳牡档戠捡敫⁤祢爠扯獵⁴敓潣摮牡⁹敄歳爠獥慥捲⹨

潔朠瑥愠映敲⁥牴慩捡散獳琠畯⁲汰瑡潦浲眠楨档椠⁳⁡湯⁥瑳灯猠汯瑵潩潦⁲污潹牵搠瑡⁡敲畱物浥湥獴映牯焠極正牥搠捥獩潩慭楫杮‮桔獩瀠慬晴牯污潬獷礠畯琠潣灭牡⁥慭歲瑥ⱳ挠浯数楴潴獲眠潨愠敲瀠潲業敮瑮椠桴⁥慭歲瑥‬湡⁤敭慧琠敲摮⁳桴瑡愠敲椠普畬湥楣杮琠敨搠湹浡捩⁳湩琠敨洠牡敫⹴䄠獬Ɐ朠瑥愠捣獥⁳潴搠瑥楡敬⁤歓兹敵瑳攠捸畬楳敶洠瑡楲⹸

畂⁹桔⁥潃灭敬整删灥牯⁴潴爠慥⁤桴⁥湡污穹摥猠牴瑡来敩⁳摡灯整⁤祢琠敨琠灯瘠湥潤獲攠瑩敨⁲潴爠瑥楡牯朠楡慭歲瑥猠慨敲

慔汢⁥晏䌠湯整瑮

• 硅楨楢㩴䔠數畣楴敶匠浵慭祲鎀䐠瑡⁡慔汢⁥湯䴠牡敫⁴癏牥楶睥
• 硅楨楢㩴䔠數畣楴敶匠浵慭祲鎀䌠慨瑲漠汇扯污吠慲敶慍慮敧敭瑮匠景睴牡⁥慍歲瑥䌠慨慲瑣牥獩楴獣
• 硅楨楢㩴䔠數畣楴敶匠浵慭祲鎀䌠慨瑲漠湉牣浥湥慴片睯桴

慐敲瑮䴠牡敫⁴湁污獹獩

• 䔨桸扩瑩›敄慴汩摥嘠污敵䌠慨湩倠敲敳瑮瑡潩⥮
• 硅楨楢㩴倠牡湥⁴慍歲瑥䔠潣祳瑳浥䴠牡敫⁴湁污獹獩
• 硅楨楢㩴䴠牡敫⁴桃牡捡整楲瑳捩⁳景倠牡湥⁴慍歲瑥
• 䔨桸扩瑩›慄慴吠扡敬›浅牥楧杮猠慴瑲灵⁳敤慴汩⥳
• 䔨桸扩瑩›慄慴吠扡敬›慎敭漠⁦潣灭湡敩⁳湡⁤楰数楬敮瀠潲畤瑣ⱳ爠来潩慮慭灰湩⥧
• 慍牣敯潣潮業⁣湉楤慣潴獲

佃䥖⁄䵉䅐呃

• 湉牴摯捵楴湯
• 硅楨楢㩴䐠瑡⁡湯䜠偄ⴠ夠慥⵲癯牥礭慥⁲牧睯桴㈠㄰ⴶ〲㈲⠠⤥
• 硅楨楢㩴䄠慮祬楳⁳湯欠祥猠牴瑡来敩⁳摡灯整⁤祢挠浯慰楮獥

• 硅楨楢㩴䌠浯数楴楴敶爠癩污祲䤠灭捡⁴景欠祥映捡潴獲‬〲ㄲ
• 硅楨楢㩴吠牨慥⁴景匠扵瑳瑩瑵⁥牐摯捵獴䤠灭捡⁴景欠祥映捡潴獲‬〲ㄲ
• 硅楨楢㩴戠祵牥⁳慢杲楡楮杮瀠睯牥䤠灭捡⁴景欠祥映捡潴獲‬〲ㄲ
• 潐楬楴慣浉慰瑣
• 敔档楮慣浉慰瑣
• 湅楶潲浮湥慴浉慰瑣
• 敌慧浉慰瑣

• 桃牡⁴湯䴠牡敫⁴桳牡⁥祢朠潥牧灡票㈠㈰ⴱ〲㜲⠠⤥
• 慄慴吠扡敬漠慍歲瑥猠慨敲戠⁹敧杯慲桰⁹〲ㄲ㈭㈰⠷⤥
• 桃牡⁴湯䴠牡敫⁴桳牡⁥祢挠畯瑮祲㈠㈰ⴱ〲㜲⠠⤥
• 慄慴吠扡敬漠慍歲瑥猠慨敲戠⁹潣湵牴⁹〲ㄲ㈭㈰⠷⤥
• 硅楨楢㩴䌠慨瑲漠慍歲瑥猠慨敲㈠㈰ⴱ〲㜲⠠⤥

䕋⁙佃偍乁⁙剐䙏䱉卅

• 硅楨楢㩴挠浯慰楮獥挠癯牥摥椠桴⁥敲潰瑲‬〲ㄲ
• 硅楨楢㩴倠敩挠慨瑲愠慮祬楳⁳湯挠浯慰祮洠牡敫⁴桳牡ⱥ㈠㈰⠱⤥

⸱䤠普牯慭楴湯倠潲畣敲敭瑮›桔獩猠慴敧椠癮汯敶⁤桴⁥牰捯牵浥湥⁴景䴠牡敫⁴慤慴漠⁲敲慬整⁤湩潦浲瑡潩楶⁡牰浩牡⁹湡⁤敳潣摮牡⁹潳牵散⹳吠敨瘠牡潩獵猠捥湯慤祲猠畯捲獥甠敳⁤湩汣摵摥瘠牡潩獵挠浯慰祮眠扥楳整ⱳ愠湮慵敲潰瑲ⱳ琠慲敤搠瑡扡獡獥‬湡⁤慰摩搠瑡扡獡獥猠捵⁨獡䠠潯敶❲ⱳ䈠潬浯敢杲䈠獵湩獥ⱳ䘠捡楴慶‬湡⁤癁湥楴湯‮畏⁲整浡搠摩㐠‵牰浩牡⁹湩整慲瑣潩獮䜠潬慢汬⁹桷捩⁨湩汣摵摥猠癥牥污猠慴敫潨摬牥⁳畳档愠⁳慭畮慦瑣牵牥ⱳ挠獵潴敭獲‬敫⁹灯湩潩敬摡牥ⱳ攠捴‮癏牥污ⱬ椠普牯慭楴湯瀠潲畣敲敭瑮眠獡漠敮漠⁦桴⁥潭瑳攠瑸湥楳敶猠慴敧⁳湩漠牵爠獥慥捲⁨牰捯獥⹳

⸲䤠普牯慭楴湯䄠慮祬楳㩳吠楨⁳瑳灥椠癮汯敶⁤牴慩杮汵瑡潩景搠瑡⁡桴潲杵⁨潢瑴浯甭⁰湡⁤潴⵰潤湷愠灰潲捡敨⁳潴攠瑳浩瑡⁥湡⁤慶楬慤整琠敨琠瑯污猠穩⁥湡⁤畦畴敲攠瑳浩瑡⁥景琠敨䜠潬慢牔癡汥䴠湡条浥湥⁴潓瑦慷敲䴠牡敫⹴

⸳删灥牯⁴潆浲汵瑡潩㩮吠敨映湩污猠整⁰湥慴汩摥琠敨瀠慬散敭瑮漠⁦慤慴瀠楯瑮⁳湩愠灰潲牰慩整䴠牡敫⁴灳捡獥椠湡愠瑴浥瑰琠敤畤散瘠慩汢⁥潣据畬楳湯⹳

楗桴琠敨朠癩湥洠牡敫⁴慤慴‬畯⁲敤楤慣整⁤整浡漠⁦湡污獹獴挠湡漠晦牥礠畯琠敨映汯潬楷杮挠獵潴業慺楴湯漠瑰潩獮愠敲愠慶汩扡敬映牯琠敨䜠潬慢牔癡汥䴠湡条浥湥⁴潓瑦慷敲䴠牡敫㩴

潃灭瑥瑩癩⁥湁污獹獩›敄慴汩摥愠慮祬楳⁳湡⁤牰景汩湩⁧景愠摤瑩潩慮慍歲瑥瀠慬敹獲☠挠浯慰慲楴敶愠慮祬楳⁳景挠浯数楴楴敶瀠潲畤瑣⹳

潇琠慍歲瑥匠牴瑡来㩹䘠湩⁤桴⁥楨桧札潲瑷⁨档湡敮獬琠湩敶瑳礠畯⁲慭歲瑥湩⁧晥潦瑲⁳湡⁤湩牣慥敳礠畯⁲畣瑳浯牥戠獡⹥

慃整潧祲䤠瑮汥楬敧据㩥䌠獵潴業敺⁤湩整汬杩湥散琠慨⁴獩爠汥癥湡⁴潴琠敨物猠灵汰⁹慍歲瑥⁳楷汬攠慮汢⁥桴浥琠慭敫猠慭瑲牥猠畯捲湩⁧敤楣楳湯⁳湡⁤浩牰癯⁥桴楥⁲慣整潧祲洠湡条浥湥⹴

慗瑮琠畣瑳浯穩⁥桴獩爠灥牯㽴

桗瑡椠⁳桴⁥汧扯污洠牡敫⁴楳敺漠⁦牔癡汥䴠湡条浥湥⁴潓瑦慷敲䴠牡敫㽴

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敒敳⁴慰獳潷摲

• [email protected]

• Application Software

Travel and Expense Management Software Market by Deployment and Geography - Forecast and Analysis 2022-2026

• Published: Jul 2022
• SKU: IRTNTR41551

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The travel and expense management software market share is expected to increase by USD 2.90 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 10.79%.

This travel and expense management software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers travel and expense management software market segmentation by deployment (on-premises and SaaS-based) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The travel and expense management software market report also offers information on several market vendors, including Apptricity, AvidXchange Inc., Basware Corp., Coupa Software Inc., DATABASICS Inc., Emburse Inc., Expense8, Expensify Inc., Finly Technology Pvt. Ltd., Fyle Technologies Pvt. Ltd., General Data Pvt. Ltd., Infor Inc., International Business Machines Corp., JSM Technologies Pvt. Ltd., Oracle Corp., Paychex Inc., SAP SE, VA Tech Ventures Pvt Ltd., and Zoho Corp. Pvt. Ltd. among others.

What will the Travel and Expense Management Software Market Size be During the Forecast Period?

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Travel and Expense Management Software Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era.  The increasingly mobile workforce is notably driving the travel and expense management software market growth, although factors such as the growing threat from open-source travel and expense management solutions may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the travel and expense management software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Travel and Expense Management Software Market Driver

One of the key factors driving growth in the travel and expense management software market is the increasingly mobile workforce. A mobile workforce refers to employees that travel across various physical locations for business purposes. Owing to the growing adoption of technologies and enhanced connectivity among enterprises, mobile workforces are becoming a norm among enterprises in industries such as healthcare. Employees such as sales representatives, pharmaceutical representatives, and merchandisers are examples of mobile workforces. With the increasing number of mobile workforces, travel and expense management software will help enterprises make the business process efficient and provide convenience in submitting expenses to their mobile workforce. Thus, the increasingly mobile workforce will fuel the growth of the market during the forecast period.

Key Travel and Expense Management Software Market Trend

The use of artificial intelligence (AI) with travel and expense management software is a travel and expense management software market trend that is expected to have a positive impact in the coming years. AI in travel and expense software can reduce or even eliminate fraud by auditing the authenticity of the expense submitted by employees. One of the primary problems faced by enterprises is the increasing volume of travel and expense reports submitted by the employees every year as it becomes difficult for the finance departments to audit these reports in detail. Using AI, enterprises can perform an automated policy check and audit trail and flag non-compliant employees. In terms of policy violations, AI helps analyze suspicious expenses, thereby eliminating manual intervention. The use of AI in travel and expense software also helps employees by fetching digital receipts from e-mails or extracting the necessary information from the picture of the receipt. As a result, employees can save time taken to enter all the required information, thus improving efficiency and reducing expense frauds.

Key Travel and Expense Management Software Market Challenge

The growing threat from open-source travel and expense management solutions will be a major challenge for the travel and expense management software market during the forecast period. Open-source travel and expense management solutions pose a high threat to the global travel and expense management software market. These solutions can be downloaded free of cost and run on all platforms; therefore, they are gaining popularity in developing economies such as India and China. SaaS-based travel and expense management software is more affordable than on-premises travel and expense management software. However, some enterprises still cannot afford to invest in either of these solutions. Using open-source travel and expense management solutions reduces the upfront costs and provides high flexibility. As a result, several enterprises, especially SMEs, are opting for open-source travel and expense management solutions to expand their businesses at a low cost.

This travel and expense management software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global travel and expense management software market as a part of the global application software market within the global IT software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the travel and expense management software market during the forecast period.

Who are the Major Travel and Expense Management Software Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• AvidXchange Inc.
• Basware Corp.
• Coupa Software Inc.
• DATABASICS Inc.
• Emburse Inc.
• Expensify Inc.
• Finly Technology Pvt. Ltd.
• Fyle Technologies Pvt. Ltd.
• General Data Pvt. Ltd.
• International Business Machines Corp.
• JSM Technologies Pvt. Ltd.
• Oracle Corp.
• Paychex Inc.
• VA Tech Ventures Pvt Ltd.
• Zoho Corp. Pvt. Ltd.

This statistical study of the travel and expense management software market encompasses successful business strategies deployed by the key vendors. The travel and expense management software market is fragmented and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base  to compete in the market.

Product Insights and News

• Apptricity - Apptricity is a privately held company headquartered in the US. It is a global company, with limited information regarding its financials and limited information regarding its employee strength available. Its revenue from the global travel and expense management software market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
• Apptricity - The company offers travel and expense management software which are designed to review, authorize, approve, and audit expenses. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The travel and expense management software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Travel and Expense Management Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the travel and expense management software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for the Travel and Expense Management Software Market?

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30% of the market’s growth will originate from North America during the forecast period. The US is the key market for travel and expense management software in North America. Market growth in this region will be slower than the growth of the market in the South American, APAC and MEA regions.

The rise in the adoption of this software by enterprises such as BFSI will facilitate the travel and expense management software market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 adversely impacted regional business travel in 2020. The pandemic resulted in lockdowns in various cities and states, which halted business tours and travel in North America. However, the market's revenue growth is expected to recover slowly during the forecast period due to the increasing efforts by governments to support the economy and the growing control over the spread of the disease. The implementation of vaccination drives in H1 2021 across the region further led to an increase in demand for domestic and international travel, which will further drive the growth of the market in North America during the forecast period.

What are the Revenue-generating Deployment Segments in the Travel and Expense Management Software Market?

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The travel and expense management software market share growth by the on-premises segment will be significant during the forecast period. The market for on-premises travel and expense management software is expected to decline due to the growing adoption of SaaS-based travel and expense management software. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the travel and expense management software market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Travel and Expense Management Software Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive travel and expense management software market growth during the next five years
• Precise estimation of the travel and expense management software market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the travel and expense management software industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of travel and expense management software market vendors

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1 Executive Summary

• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• Exhibit 11: Offerings of vendors included in the market definition
• Exhibit 12: Market segments
• 3.3 Market size 2021
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Deployment

• Exhibit 24: Chart on Deployment - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Deployment - Market share 2021-2026 (%)
• Exhibit 26: Chart on Comparison by Deployment
• Exhibit 27: Data Table on Comparison by Deployment
• Exhibit 28: Chart on On-premises - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on On-premises - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on On-premises - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on On-premises - Year-over-year growth 2021-2026 (%)
• Exhibit 32: Chart on SaaS-based - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on SaaS-based - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on SaaS-based - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on SaaS-based - Year-over-year growth 2021-2026 (%)
• Exhibit 36: Market opportunity by Deployment ($ million)

6 Customer Landscape

• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
• Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers
• 8.2 Market challenges
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026
• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
• Exhibit 85: Overview on factors of disruption
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• Exhibit 87: Vendors covered
• Exhibit 88: Matrix on vendor position and classification
• Exhibit 89: Apptricity - Overview
• Exhibit 90: Apptricity - Product / Service
• Exhibit 91: Apptricity - Key news
• Exhibit 92: Apptricity - Key offerings
• Exhibit 93: Basware Corp. - Overview
• Exhibit 94: Basware Corp. - Product / Service
• Exhibit 95: Basware Corp. - Key news
• Exhibit 96: Basware Corp. - Key offerings
• Exhibit 97: DATABASICS Inc. - Overview
• Exhibit 98: DATABASICS Inc. - Product / Service
• Exhibit 99: DATABASICS Inc. - Key news
• Exhibit 100: DATABASICS Inc. - Key offerings
• Exhibit 101: Emburse Inc. - Overview
• Exhibit 102: Emburse Inc. - Product / Service
• Exhibit 103: Emburse Inc. - Key offerings
• Exhibit 104: Expensify Inc. - Overview
• Exhibit 105: Expensify Inc. - Product / Service
• Exhibit 106: Expensify Inc. - Key offerings
• Exhibit 107: Infor Inc. - Overview
• Exhibit 108: Infor Inc. - Product / Service
• Exhibit 109: Infor Inc. - Key news
• Exhibit 110: Infor Inc. - Key offerings
• Exhibit 111: International Business Machines Corp. - Overview
• Exhibit 112: International Business Machines Corp. - Business segments
• Exhibit 113: International Business Machines Corp. - Key offerings
• Exhibit 114: International Business Machines Corp. - Segment focus
• Exhibit 115: Oracle Corp. - Overview
• Exhibit 116: Oracle Corp. - Business segments
• Exhibit 117: Oracle Corp. - Key news
• Exhibit 118: Oracle Corp. - Key offerings
• Exhibit 119: Oracle Corp. - Segment focus
• Exhibit 120: SAP SE - Overview
• Exhibit 121: SAP SE - Business segments
• Exhibit 122: SAP SE - Key news
• Exhibit 123: SAP SE - Key offerings
• Exhibit 124: SAP SE - Segment focus
• Exhibit 125: Zoho Corp. Pvt. Ltd. - Overview
• Exhibit 126: Zoho Corp. Pvt. Ltd. - Product / Service
• Exhibit 127: Zoho Corp. Pvt. Ltd. - Key offerings

11 Appendix

• 11.1 Scope of the report
• Exhibit 128: Inclusions checklist
• Exhibit 129: Exclusions checklist
• Exhibit 130: Currency conversion rates for US$
• Exhibit 131: Research methodology
• Exhibit 132: Validation techniques employed for market sizing
• Exhibit 133: Information sources
• Exhibit 134: List of abbreviations

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North America Travel and Expense Management Software Market – Industry Trends and Forecast to 2029

• Published Report
• North America
• No of Tables: 21
• No of Figures: 23
• Report Description
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• List of Figure
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North America Travel and Expense Management Software Market, By Deployment Model (On-Premise, Cloud), Organization Size (Medium Enterprises, Large Enterprises), Industry (Defence, Government) - Industry Trends and Forecast to 2029.

North America Travel and Expense Management Software Market Analysis and Size

Rise in international visits by government representatives worldwide and hassle-free claims and reimbursement via travel and expense management software is driving the overall growth of the market. The constant threat of data breach is a major restraint factor for the travel and expense management market .

Data Bridge Market Research analyses that travel and expense management software market is expected to reach the value of USD 117,171.22 thousand by 2029, at a CAGR of 7.4% during the forecast period. Cloud segment accounts for the largest offering segment in travel and expense management software market. Travel and expense management software market report also covers pricing analysis, patent analysis, and technological advancements in depth.

Market Definition

Travel and expense management software is a comprehensive system that can assist you in managing and monitoring your business travel expenses. T&E management software is essential for companies sending staff on business trips, whether for planning trips, overseeing personnel on the road, or generating expenditure reports.

Businesses of all kinds can benefit from corporate travel and expense management software. It's essential to make sure you have a thorough understanding of your business travel expenses and knowledgeable customer support in case of problems. Additionally, it aids in optimizing your billing process and schedule travel according to your company's travel policy.

Travel and Expense Management Software Market Dynamics

HIGH ADOPTION OF MOBILE DEVICES

The rise in the number of smartphones globally due to their high demand and affordable rate, has resulted in the increasing number of multi-platform software. This software is developed to work across multiple devices, synchronized with same data for the user. In the travel and expense management software market, many companies offer smartphone applications with details of users, their history, tickets, and offers. The same companies offer websites or online services having the same features. Furthermore, with the advent of mobile computing technology, the cloud and the ability to connect to business systems all over the globe, many businesses are looking mobile app technology, system integrations and real-time solutions to help staff get things done quickly and more efficiently. Mobile expense management is one area where there have been huge developments in business efficiency. Employees that travel around the globe for business can use mobile expense reporting apps to streamline their expense reporting. The use of mobile device and expense applications offers a several benefits for the employee and the organization and as a driver for the growth of travel and expense management software market.

INCREASING MILITARY TRAVEL INTERNATIONALLY

The movement of the military, which may be internally or in a nation, is increasing due to various reasons such as the presence of military outposts and postings; international exercises, and U.N. peacekeeping forces. 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 SAAS for travel expenses analysis with travel and expense management software on smartphones has allowed penetration of these software in military. The continuously evolving bilateral relations of nations allow their military to conduct exercises to boost soldiers' confidence, gain experience and increase brotherhood between two armies. Also, the increasing alien military bases of various army allows the soldiers to travel across the globe. These factors through which the movement of army and army personals has increase across the borders has started to act as a driver for the growth of travel and expense management software market. As the personal have started doing their travel booking and travel expenses through available software in the market.

Opportunities

RISE IN DIGITIZATION IN DEFENSE AND GOVERNMENT SECTOR

Digitalization enables using digital technologies such as cloud computing, big data, data analytics, Internet of Things (IoT), artificial intelligence in the defence sector and government sector. The deployment of digital technologies improves legacy processes and enhances operation and process efficiencies, enabling faster decision making and better situational awareness. Digital technologies are perceived as key enablers to adapt to changes, facilitating more efficient operations and increased outputs. In many nations, governments are increasing their efforts to bring digital transformations in sectors such as executive, ministries and defence. This digitization rise is an opportunity for the travel and expense management software market. Because of this, it is becoming normal in many sectors and its team to use the institution's travel and expense management software.

MORE OF PARTNERSHIP AND ACQUISITION AMONG MARKET PLAYERS

The travel and expense management software market is fragmented as it consists of many regional players and global players. The presence of these companies in the region provides stiff competition in travel and expense management software market and produces the best applications and software for various business and employees. To tackle the stiff completion, few market players tend to sign an agreement, and partnership with other market players, to develop better software using advanced technologies such as ML and A.I. Additionally, few market players acquire small start-ups or businesses to increase their market dominance and offer better products and software. These steps by the market players provide various possibilities to expand the travel and expense management software market.

Restraints/Challenges

CONSTANT THREAT OF DATA BREACH

An expense management software holds data such as employee names and details, corporate credit card information, transaction statements, business-related activities, and financial history. Therefore, it has become a critical part of businesses and they tend to be careful when choosing an expense management solution. With such important business data contained in travel and expense management software, businesses are little conscious of the security of travel and expense management software across the globe. But, hackers or cybercriminals use phishing, malware, social engineering, or related techniques to steal information from businesses and travel and expense management software. Thus the constant threat of data breach in Travel and expense management software market is expected to limit the growth of market.

• FRAGMENTATION IN THE TRAVEL AND EXPENSE SOFTWARE INDUSTRY

Most companies today have different software for travel and expense management. It is a big challenge for them as travel bookings happen on one platform and expense process on the other, making the whole T&E process inefficient. According to a report from ITILITE, 70% of expenses are travel-related, and having separate tools for travel bookings, and expense reimbursements result in cost leakages, poor data visibility, and even leaves room for fraud and on top of all this, it provides a broken experience to employees and finance managers. This is estimated to act a restrain for the travel and expense management software market growth.

The presence and use of different software for travel and expense management, hits on the finance productivity as it will be hard to manage data and expenses on a different platform. Additionally, due to this fragmentation in the travel and expense software industry, many companies continue to use their current segregated systems as they worry about the cost to change. But on the contrary, using an integrated travel and expense management solution can help them save more than 30% of the costs. Furthermore, this segregation also allows many frauds to slip by during audits as different software offer different offers to the customers and generally financial teams cannot detect these frauds. The fragmentation in travel and expense management industry, limits the finance professional as they don't have any visibility over the travel expenses, and can easily fall into the trap of exceeding your allocated budget.

Recent Development

• In December 2019, Chrome River Technologies, Inc., was named a "Leader" in the IDC Market Scape: Worldwide SaaS and Cloud-Enabled Enterprise Travel and Expense Management Applications 2019 Vendor Assessment. Company is was positioned as a Leader for large enterprise deployments which created a brand image globally

Travel and Expense Management Software Market

The travel and expense management software market is segmented on the basis of deployment model, organization size, and industry. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Deployment Model

On the basis of deployment, the travel and expense management software market is segmented into on-premise and cloud.

Organization Size

• Medium Enterprise
• Large Enterprise

On the basis of organization size, the travel and expense management software market is segmented into medium enterprises, large enterprises.

On the basis of industry, the travel and expense management market is segmented into defense, Government and others.

Travel and Expense Management Software Market Regional Analysis/Insights

The travel and expense management software market is analysed and market size insights and trends are provided by deployment model, organization size and industry.

The countries covered in the travel and expense management software market report are U.S., Canada and Mexico in North America,

The U.S. is expected to dominate the North America travel and expense management software market due to the surge in trend and popularity of cloud technology among enterprises.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Travel and Expense Management Software Market Share Analysis

Travel and expense management software market competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, solution launch, product width and breadth, application dominance. The above data points are only related to the companies' focus on travel and expense management software market.

Some of the major players operating in the market are Webexpenses Pty Ltd, Inc, Concur Technologies, Inc., GBT Travel Services UK Limited, Oversight Systems, Inc., Infor, Oracle, Emburse, Inc., TripActions, Empxtrack Inc(Saigun Technologies Pvt. Ltd), Expensify, Inc., SutiSoft, Inc., Zoho Corporation Pvt. Ltd., TravelPerk S.L.U, ExpensePoint, Rydoo, 8common, and Coupa Software Inc., among others.

TABLE 1 COUNTRIES AND THEIR RESPECTIVE MILITARY PERSONNEL STRENGTH

TABLE 2 COUNTRIES AND THE EXERCISE THEY CONDUCT

TABLE 3 NORTH AMERICA TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT, 2020-2029 (USD THOUSAND)

TABLE 4 NORTH AMERICA CLOUD IN TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 5 NORTH AMERICA ON-PREMISE IN TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 6 NORTH AMERICA TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE, 2020-2029 (USD THOUSAND)

TABLE 7 NORTH AMERICA LARGE ENTERPRISE IN TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 8 NORTH AMERICA MEDIUM ENTERPRISE IN TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 9 NORTH AMERICA TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY INDUSTRY, 2020-2029 (USD THOUSAND)

TABLE 10 NORTH AMERICA GOVERNMENT IN TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 11 NORTH AMERICA DEFENSE IN TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 12 NORTH AMERICA TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY COUNTRY, 2020-2029 (USD THOUSAND)

TABLE 13 NORTH AMERICA TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT, 2020-2029 (USD THOUSAND)

TABLE 14 NORTH AMERICA TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE, 2020-2029 (USD THOUSAND)

TABLE 15 NORTH AMERICA TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY INDUSTRY, 2020-2029 (USD THOUSAND)

TABLE 16 U.S. TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT, 2020-2029 (USD THOUSAND)

TABLE 17 U.S. TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE, 2020-2029 (USD THOUSAND)

TABLE 18 U.S. TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY INDUSTRY, 2020-2029 (USD THOUSAND)

TABLE 19 CANADA TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT, 2020-2029 (USD THOUSAND)

TABLE 20 CANADA TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE, 2020-2029 (USD THOUSAND)

TABLE 21 CANADA TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET, BY INDUSTRY, 2020-2029 (USD THOUSAND)

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Travel Management Software Market valuation worth US$6.951 billion by 2029

The travel management software market is expected to grow at a CAGR of 15.57% with a market valuation of US$2.525 billion in 2022 and is expected to reach a market value of US$6.951 billion by 2029.

The growth of the travel management software market has been driven by factors such as the growing demand from enterprises and booming traveling activities are driving the market growth. This enables people and companies to track and document the expenses incurred by workers and business travelers.

As per the report, the travel management software market is expected to grow significantly.

Travel management software allows companies and organizations to create a budget-friendly, flexible vacation or tour design. This software is making travel agencies and many enterprises work easily and more efficiently with customer data. Organizations around the globe are switching over to software-based services to provide the best experience to the customer and smooth daily operations of the organization. Therefore, many industries are using this software to immediately track actions and costs by documenting travel’s minute details in the travel management software.

The market growth is driven by the widespread adoption of travel management software by enterprises and multi-strategized and complicated organizational frameworks. The growing use of mobile phones has brought the need for travel and cost management software to the market. Every business wants to cut costs, and travel management software helps users organize their work trips more comfortably and affordably so the market for travel management software is predicted to grow with an increase in business travel expenses.

The travel management software market encompasses various deployment options, including Cloud, and On-Premises. This travel management software works with employee and customer data. Therefore, some enterprises prefer cloud technology to store these data and deploy the software there.

The travel management software market caters to various business needs based on enterprise size, including small, medium, and large. Different organization or businesses has different needs for travel management software based on the size of the enterprise. If a large enterprise is using travel management software it will need software that can handle huge amounts of big enterprise data. Whereas in small enterprises it will need to handle less data hence they will need software accordingly. So, catering to different enterprise’s needs according to their size is predicted to positively impact the market during the forecast period.

The travel management software market encompasses various industry verticals, including Tourism and Hospitality, Healthcare, BFSI, Transport, and Manufacturing. Each industry vertical has its use case for managing its employees or customer travel data expenses which they manage using travel management software. For instance, Tourism and Hospitality use this software to manage all their customer data such as travel dates, accommodations, transport details, and personal details. This data makes the tourism business work easier and more efficient to handle customer data.

The travel management software market is poised for growth in the North American region due to rising demand for travel management solutions across businesses and the development of mobile booking technologies and travel apps. The region’s widespread adoption of travel management software solutions in the area coupled with significant firms are contributing to its growth. Also, the market for travel and expense management software, adoption of machine learning and predictive analytics, presence of small and medium-sized businesses, rising demand for online booking formats, and adoption of numerous futuristic travel management platforms are going to contribute to the region’s travel management software market growth.

Nexonia, Ariett, Basware, Paychex, Expense 8, Chrome River Technologies (Certify Inc), Oracle Corporation , SKYJUNXION, and Coupa Software Inc.—these are some of the key players in the travel management software industry. Each company brings its expertise and products to the market, catering to the diverse needs of organizations and enterprises. From providing innovative solutions for travel management, these companies play a vital role in improving travel management software.

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/travel-management-software-market

This analytics report segments the travel management software market on the following basis:

• On-Premises
• Tourism and Hospitality
• Manufacturing
• United Kingdom
• Saudi Arabia
• South Korea

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Corporate Travel Management (CTM) Software Market Size & Growth Outlook 2024-2030

• Table of Content
• Segmentation

COMPANIES PROFILED

• SAP Concur (United States)
• Egencia (United States)
• Navan (United States)
• Amadeus (Spain)
• Sabre (United States)
• Deem (United States)
• Coupa (United States)
• Certify (United States)
• TravelPerk (Spain)
• Chrome River (United States)
• KDS (France)

The market for Corporate Travel Management (CTM) Software is competitive owing to the presence of a large number of players. The key focus of the company is to address security concerns to increase the widespread adoption of CTM software. Mergers, acquisitions, and collaboration are common strategies implemented by companies to increase market reach. The report analyzes the market's competitive landscape and offers information on several market vendors, including SAP Concur, Egencia, and TripActions among others. Research Analyst at HTF Market Intelligence predicts that United States players will contribute in the growth cycle of the Global Corporate Travel Management (CTM) Software market throughout the forecasted period.

SAP Concur (United States), Egencia (United States), Navan (United States), Amadeus (Spain), Sabre (United States), Deem (United States), Coupa (United States), Certify (United States), TravelPerk (Spain), Chrome River (United States), KDS (France) are some of the key players profiled in the study. Additionally, the players who are also part of the research coverage are NexTravel (United States), Booking.com for Business (Netherlands), Travelport (United Kingdom), BCD Travel (Netherlands).

Market Growth Drivers: Increasing demand for end-to-end travel management solutions, and growing preference for self-service travel management are the primary driving factor for the widespread adoption of corporate travel management software. With the rise in business travel, there is a growing need for end-to-end travel management solutions that can handle everything from booking to expense reporting. CTM software provides a comprehensive platform for managing corporate travel, from itinerary planning to expense management, which is driving its adoption. Many businesses are adopting self-service travel management solutions to streamline the process of booking and managing travel. CTM software provides a user-friendly platform for employees to manage their travel arrangements, reducing the burden on travel managers and improving efficiency.

Opportunities: Emerging markets, such as Asia-Pacific and Latin America, offer significant growth opportunities for CTM software providers. These markets are experiencing rapid economic growth and an increase in business travel, creating a demand for CTM software. Emerging technologies, such as artificial intelligence (AI) and machine learning, offer significant opportunities for CTM software providers to enhance their offerings. By integrating AI and machine learning capabilities, CTM software can provide more personalized travel recommendations and improve the accuracy of travel cost forecasting.

Deem, a top mobile and cloud technology provider for the business travel sector, announced its new collaboration with the travel management firm, Corporate Travel Management (CTM) on March 30, 2021. Based in Charlotte, North Carolina, CTM provides its many entertainment productions and film VIPs clients with white-glove care and cutting-edge technology.

• Analysts and Strategic Business Planners
• New Entrants and Investors
• Government Bodies
• Software Industry
• 1.1 Global Corporate Travel Management (CTM) Software Market Overview
• 1.2 Market Definition & Scope
• 1.3 Key Findings & Benefits to Stakeholders
• 2.1 Global Corporate Travel Management (CTM) Software Market Outlook
• 2.2 Total Addressable Market versus Serviceable Market
• 2.3 Competitition Outlook
• 3.1 Growth Drivers
• 3.2 Available Opportunities
• 3.3 Influencing Trends
• 3.4 Restraint & Challenges
• 3.5 Regional Dynamics
• 4.1 Current Scenario
• 4.2 PESTEL Analysis
• 4.3.1 Supplier Power
• 4.3.2 Bargaining Power of Buyers
• 4.3.3 Threat of Substitutes
• 4.3.4 Threat from New Entrant
• 4.3.5 Degree of Competition
• 4.4 Roadmap of Corporate Travel Management (CTM) Software Market
• 4.5 Impact of Macro-Economic Factors
• 4.6 Market Entry Strategies
• 4.7 Government Policies and Regulatory Factors
• 4.8 Value Chain Analysis
• 5.1.1 CR4, CR8 and HH Index
• 5.1.2 % Market Share - Top 3
• 5.1.3 Market Holding by Top 5
• 5.2 Market Position of Manufacturers by Corporate Travel Management (CTM) Software Revenue (2023)
• 5.3 BCG Matrix
• 5.4 Market Entropy
• 5.5 FPNV Positioning Matrix
• 5.6 Heat Map Analysis
• 6.2.1 Cloud-Based
• 6.2.2 On-Premise
• 6.3.1 Large Enterprise
• 6.3.2 Small and Medium Enterprise (SMEs)
• 6.4.1 Travel Planning
• 6.4.2 Booking & Reservation
• 6.4.3 Expense & Reporting
• 6.4.4 Compliance & Analytics
• 6.5.1 Public Cloud
• 6.5.2 Private Cloud
• 6.5.3 Hybrid Cloud
• 7.1.1.1 United States
• 7.1.1.2 Canada
• 7.1.1.3 Mexico
• 7.1.2 North America Corporate Travel Management (CTM) Software Market by Type; Value (USD Million) [2019-2030]
• 7.1.3 North America Corporate Travel Management (CTM) Software Market by Application; Value (USD Million) [2019-2030]
• 7.1.4 North America Corporate Travel Management (CTM) Software Market by Service; Value (USD Million) [2019-2030]
• 7.1.5 North America Corporate Travel Management (CTM) Software Market by Deployment; Value (USD Million) [2019-2030]
• 7.2.1.1 Brazil
• 7.2.1.2 Argentina
• 7.2.1.3 Chile
• 7.2.1.4 Rest of South America
• 7.2.2 South America Corporate Travel Management (CTM) Software Market by Type; Value (USD Million) [2019-2030]
• 7.2.3 South America Corporate Travel Management (CTM) Software Market by Application; Value (USD Million) [2019-2030]
• 7.2.4 South America Corporate Travel Management (CTM) Software Market by Service; Value (USD Million) [2019-2030]
• 7.2.5 South America Corporate Travel Management (CTM) Software Market by Deployment; Value (USD Million) [2019-2030]
• 7.3.1.1 Germany
• 7.3.1.2 France
• 7.3.1.3 Italy
• 7.3.1.4 United Kingdom
• 7.3.1.5 Benelux
• 7.3.1.6 Nordics
• 7.3.1.7 Rest of Europe
• 7.3.2 Europe Corporate Travel Management (CTM) Software Market by Type; Value (USD Million) [2019-2030]
• 7.3.3 Europe Corporate Travel Management (CTM) Software Market by Application; Value (USD Million) [2019-2030]
• 7.3.4 Europe Corporate Travel Management (CTM) Software Market by Service; Value (USD Million) [2019-2030]
• 7.3.5 Europe Corporate Travel Management (CTM) Software Market by Deployment; Value (USD Million) [2019-2030]
• 7.4.1.1 China
• 7.4.1.2 Japan
• 7.4.1.3 India
• 7.4.1.4 South Korea
• 7.4.1.5 Australia
• 7.4.1.6 Southeast Asia
• 7.4.1.7 Rest of Asia-Pacific
• 7.4.2 Asia Pacific Corporate Travel Management (CTM) Software Market by Type; Value (USD Million) [2019-2030]
• 7.4.3 Asia Pacific Corporate Travel Management (CTM) Software Market by Application; Value (USD Million) [2019-2030]
• 7.4.4 Asia Pacific Corporate Travel Management (CTM) Software Market by Service; Value (USD Million) [2019-2030]
• 7.4.5 Asia Pacific Corporate Travel Management (CTM) Software Market by Deployment; Value (USD Million) [2019-2030]
• 7.5.1.1 Middle East
• 7.5.1.2 Africa
• 7.5.2 MEA Corporate Travel Management (CTM) Software Market by Type; Value (USD Million) [2019-2030]
• 7.5.3 MEA Corporate Travel Management (CTM) Software Market by Application; Value (USD Million) [2019-2030]
• 7.5.4 MEA Corporate Travel Management (CTM) Software Market by Service; Value (USD Million) [2019-2030]
• 7.5.5 MEA Corporate Travel Management (CTM) Software Market by Deployment; Value (USD Million) [2019-2030]
• 8.1.1 Company Overview
• 8.1.2 Product/Service Portfolio & Specifications
• 8.1.3 Key Financial Metrics
• 8.1.4 SWOT Analysis
• 8.1.5 Development Activities
• 8.2 Egencia (United States)
• 8.3 Navan (United States)
• 8.4 Amadeus (Spain)
• 8.5 Sabre (United States)
• 8.6 Deem (United States)
• 8.7 Coupa (United States)
• 8.8 Certify (United States)
• 8.9 TravelPerk (Spain)
• 8.10 Chrome River (United States)
• 8.11 KDS (France)
• 8.1.1 Cloud-Based
• 8.1.2 On-Premise
• 8.2.1 Large Enterprise
• 8.2.2 Small and Medium Enterprise (SMEs)
• 8.3.1 Travel Planning
• 8.3.2 Booking & Reservation
• 8.3.3 Expense & Reporting
• 8.3.4 Compliance & Analytics
• 8.4.1 Public Cloud
• 8.4.2 Private Cloud
• 8.4.3 Hybrid Cloud
• 8.1.1.1 United States
• 8.1.1.2 Canada
• 8.1.1.3 Mexico
• 8.1.2 North America Corporate Travel Management (CTM) Software Market by Service; Value (USD Million) [2024-2030]
• 8.1.3 North America Corporate Travel Management (CTM) Software Market by Deployment; Value (USD Million) [2024-2030]
• 8.2.1.1 Brazil
• 8.2.1.2 Argentina
• 8.2.1.3 Chile
• 8.2.1.4 Rest of South America
• 8.2.2 South America Corporate Travel Management (CTM) Software Market by Service; Value (USD Million) [2024-2030]
• 8.2.3 South America Corporate Travel Management (CTM) Software Market by Deployment; Value (USD Million) [2024-2030]
• 8.3.1.1 Germany
• 8.3.1.2 France
• 8.3.1.3 Italy
• 8.3.1.4 United Kingdom
• 8.3.1.5 Benelux
• 8.3.1.6 Nordics
• 8.3.1.7 Rest of Europe
• 8.3.2 Europe Corporate Travel Management (CTM) Software Market by Service; Value (USD Million) [2024-2030]
• 8.3.3 Europe Corporate Travel Management (CTM) Software Market by Deployment; Value (USD Million) [2024-2030]
• 8.4.1.1 China
• 8.4.1.2 Japan
• 8.4.1.3 India
• 8.4.1.4 South Korea
• 8.4.1.5 Australia
• 8.4.1.6 Southeast Asia
• 8.4.1.7 Rest of Asia-Pacific
• 8.4.2 Asia Pacific Corporate Travel Management (CTM) Software Market by Service; Value (USD Million) [2024-2030]
• 8.4.3 Asia Pacific Corporate Travel Management (CTM) Software Market by Deployment; Value (USD Million) [2024-2030]
• 8.5.1.1 Middle East
• 8.5.1.2 Africa
• 8.5.2 MEA Corporate Travel Management (CTM) Software Market by Service; Value (USD Million) [2024-2030]
• 8.5.3 MEA Corporate Travel Management (CTM) Software Market by Deployment; Value (USD Million) [2024-2030]
• 10.1.1 Research Program/Design
• 10.1.2 Market Size Estimation
• 10.1.3 Market Breakdown and Data Triangulation
• 10.2.1 Secondary Sources
• 10.2.2 Primary Sources
• 11.1 Acronyms & bibliography
• 11.2 Disclaimer

Scope of Report

• Cloud-Based

By Application

• Large Enterprise
• Small and Medium Enterprise (SMEs)
• Travel Planning
• Booking & Reservation
• Expense & Reporting
• Compliance & Analytics

By Deployment

• Public Cloud
• Private Cloud
• Hybrid Cloud

Data Collection and Sourcing

The primary research is performed by taking the interviews of executives of various companies dealing in the Corporate Travel Management (CTM) Software Industry as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and relevant list of appointee or target primary respondents; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & In Mail, Community Forums, Open Survey, SurveyMonkey etc.

Key Executives Interviewed

The secondary resources considered in the Global Corporate Travel Management (CTM) Software Market study includes company annual reports, press releases, published articles of organizations and associations, and the survey taken through different mediums such as online website and forums, survey monkey, LinkedIn, etc. In addition, the valuable strategic information obtained from Corporate Travel Management (CTM) Software industry related association, paid database, and investor presentations are also good tool for information to make appropriate iterative validation are used to modify market models and cross-verify primary research data.

Corporate Travel Management (CTM) Software Market Size Estimation Approach

To derive market size estimation of Corporate Travel Management (CTM) Software Market exhaustive secondary and primary research is conducted to gain insights on the market, substitute market and parent market. The research process involved in the study includes various factors affecting the industry, such as government and regulatory policy, business environment, competitive landscape, key performance indicators (KPIs) historical data, current trends in the market, technological enhancements, R&D and the cost cutting benchmarks along with market risks, opportunities, and challenges.

Top-down and bottom-up approaches are used to validate and estimate the Global Corporate Travel Management (CTM) Software market size by manufacturers, regional splits, key business segments and application.

To establish research coverage of the study with most relevant & functional players HTF MI follows industry standards such as NAICS/SIC/ICB/TRCB, furthermore the sorted list of companies is validated using Product Mapping and business activities and shortlisted by industry perspective.

The Corporate Travel Management (CTM) Software market study is conducted on basis of 200+ companies (leaders as well as emerging regional players) dealing in the market with purpose to understand company’s market positioning by value, sales volume and their market share at global and/or regional level.

Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Online) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. from Global Corporate Travel Management (CTM) Software market who then used for appointment generation.

Corporate Travel Management (CTM) Software Research Framework / Design

• Report ID: HTFMI-2633
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Global Travel Agency Software Market Report By Product Types (Cloud-based, On-premises), By End User (Small and Medium Enterprises (SMEs), Large Enterprises) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

The global demand for Travel Agency Software Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028. Travel agency software is the software tool used by travel agencies, tour operators, travel companies for streamlining and automating end-to-end processes of the travel & tourism business organization. It helps the companies to manage the sales, bookings, operations, and finances related to package customization, itinerary creation, and booking. The travel agency software has several benefits, such as it can manage the back office operation, enhance the client's travel processes, minimizes the operational cost, maximizes business profitability. Market Dynamics The market is mainly driven by high penetration of the internet in developing and developed, coupled with a rising preference towards the internet for online transactions and other utilities. In addition, the digitization approach by the developing regions, growing tourism activities across the globe, and service provides an approach towards streamlining the ticket booking process and enhance customer experience through online booking are some factor driving the market. Further, rising disposable income in developing regions and increasing adoption of this software is another factor that boosts the demand. The high impact of social media on the young generation will encourage the adoption rate. Moreover, the introduction of new and innovative travel and vacation package deals by market players is likely to create new opportunities for players operating in the target market over the forecast period. The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of travel agency software. The growth and trends of travel agency software industry provide a holistic approach to this study.  Market Segmentation This section of the travel agency software market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.  By Product Types

• Cloud-based
• On-premises

By End User

• Small and Medium Enterprises (SMEs)
• Large Enterprises

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The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the travel agency software market include WebBookingExpert, Group Travel Technologies, SAN Tourism Software Group, Toogo, TravelCarma, Travelomatix, Dolphin Dynamics, Techno Heaven Consultancy, Teenyoffice and others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.  

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10 Best Travel Management Software for Planning Trips in 2024

Engineering Team

March 30, 2024

The global corporate travel management industry is growing faster than ever, with business travel spending expected to reach $1.4 trillion this year! The use of technology in the industry is also expected to continue rising as new and innovative travel management software takes the helm in managing business travel logistics, trip planning, and expense management. 

Effective corporate travel management solutions can simplify booking processes, streamline itinerary planning, and make planning trips easier than ever. 

In this article, we will explore the 10 best travel management tools with their features, limitations, pricing, and ratings. 

What Should You Look for in Travel Management Software?

3. sap concur, 9. rocketrip, 10. packpoint.

Companies invest in travel management tools to simplify their corporate travel processes. Here are the features you should look for while selecting one for your needs:

• Easy booking : The travel management booking software should work seamlessly and give you easy access to the best accommodations, flights, and more 
• Easy to use : An intuitive user interface will ensure that your team is able to use the tool easily and save time
• Expense management solution : The best travel management tools also function well as expense management software. This way, you get everything in one place without having to switch software constantly
• Integration : The ability to integrate your corporate travel management software with your daily enterprise software will allow effortless data sharing
• Budget-friendly : Ensure the software meets your budget and helps you save costs. Look for ones that have a transparent pricing policy with zero hidden costs
• Reporting : Advanced reporting capabilities help you find areas with the most spending and curb unnecessary costs 
• User support : User support can make or break your experience. Therefore, ensure your software offers helpful support at all times

10 Best Travel Management Software to Use in 2024 

The best business travel management software is one that meets all your needs. Let’s look at some options: 

As an all-in-one project scheduling , productivity, and planning tool, ClickUp is at the top of our list for the best business travel management software in 2024. You can use ClickUp Docs to create and share itineraries, plan a travel budget, chalk out travel plans, etc.

Elevate your travel planning game with ClickUp’s Map View , designed to bring your itinerary to life visually. This innovative tool allows you to organize your trips geographically and efficiently plan your adventures with a simple click-and-drag interface.

From hotel information to flight details, all your travel details will be available in an easy-to-understand format. Further, you can add nested pages in one Doc to ensure all your travel plans are in the same place. You can also use it as a free schedule maker to avoid last-minute work stress.

If making corporate travel plans is not your forte, don’t worry because ClickUp AI will do it for you! From generating ideas to creating customized travel outlines, it can help you save time and money.

ClickUp also offers several itinerary templates accessible at any time and day, including the excellent ClickUp Travel Planner template, which enables you to make all your travel arrangements and manage corporate travel expenses in one place. 

ClickUp best features

• Collaborate on travel plans, keep all the information organized and accessible, protect your plans with privacy controls, and enhance the overall travel experience with ClickUp Docs
• Generate automatic plans and outlines in a matter of seconds with ClickUp AI and access them anywhere
• Use itinerary templates like ClickUp’s Business Travel Itinerary and travel planner templates to mark and highlight your business travel plans easily. If you are planning a bleisure (business + leisure) trip, you can use ClickUp’s Vacation Planning template for organizing all the relevant details in one place
• Use ClickUp as your daily planner app to plan your day-to-day travel activities, set reminders, and make notes in ClickUp Notepad
• Connect ClickUp with over 1,000 tools such as Slack, YouTube, Google Calendar, Alexa,  Chrome, Zoom, and Google Sheets

ClickUp limitations

• The mobile app lacks some features that are available in the desktop version 
• Some users find it a bit difficult to use in the beginning

ClickUp pricing

• Free forever
• Unlimited : $7/month per user
• Business : $12/month per user
• Enterprise : Contact for pricing
• ClickUp Brain: Available on all paid plans for $5/Workspace member/month

ClickUp ratings and reviews

• G2: 4.7/5 (9,200+ reviews)
• Capterra: 4.7/5 (3,900+ reviews)

With the aim of helping travel professionals save time while providing quality services, Travefy offers a wide range of tools that make business travel convenient. You can add tour information, including accommodations, transportation, and as many details as necessary. 

It supports over 100 supplier integrations and 625+ city guides so that you can make detailed itineraries (with pictures and links!) and save money and time. You can also share travel templates and integrate them with your CRM software. 

Travefy best features

• Create and share itineraries easily with  the drag-and-drop interface
• Make your travel content attractive with a built-in photo library with stunning photos and videos 
• Work efficiently with the 100+ supplier integrations
• Easily access your business trips using the mobile app
• Get automatic flight updates with the live flight database 

Travefy limitations

• Some users have complained about features being difficult to use
• No free version is available 

Travefy pricing

• Monthly : $49 per month
• Quarterly : $44 per month
• Annually : $35 per month
• For more than 25 users, contact Travefy for pricing

*You can add additional users at $25 per month per user.

Travefy ratings and reviews

• G2: 4.5/5 (20+ reviews)
• Capterra: 4.6/5 (15 reviews)

SAP Concur is an all-in-one travel and expense management software. It offers integrated solutions for business travel, expense reporting, and invoice management, thus making it easy to plan and access trip information. 

Further, it also works as travel management booking software, as you can book accommodations, car rentals, flights, and more. You can connect travelers and itineraries across multiple channels to enhance the overall experience. 

SAP Concur best features

• Create, submit, and approve expense reports from anywhere and through any device
• Connect SAP Concur to your CRM, HR, and finance solutions for seamless corporate travel. You can also integrate with apps like Uber, TripIt, American Airlines, and more
• Gain complete control over your business travel by ensuring corporate travel policies compliance and duty of care
• Use the open API to create custom features and integrations for your specific needs

SAP Concur limitations

• Some users have complained about the customer service
• Some reviews also found it difficult to use in the beginning

SAP Concur pricing

• Contact for pricing

SAP Concur ratings and reviews

• G2: 4.0/5 (5,900+ reviews)
• Capterra: 4.3/5 (2000+ reviews)

Packed with features that make planning and traveling easier than ever, TripIt is a stellar app for creating business travel itineraries. All you have to do is share your booking confirmation emails with TripIt’s official email, and it will create a comprehensive itinerary.

Wondering what else it can do? It also allows you to add the trip details directly to your calendar (whichever calendar you use) and access them from anywhere at any time.

If you choose TripIt Pro, you can access features like adding PDFs and photos, check-in reminders, a fare tracker, flight status, baggage claim information, and more.

TripIt best features

• Create a comprehensive itinerary from your confirmation emails in just seconds
• Get reminders for check-in, when to leave, and flight status to stay on track with your time management goals (only on TripIt Pro)
• Get detailed information about terminals and gates, connecting flights, baggage claim, alternate flight options, and better seat availability (only on TripIt Pro)
• Use the app to get your business travel plan at the tip of your fingers

TripIt limitations

• Some users have complained about the outdated interface
• Most features are only available on TripIt Pro
• Doesn’t offer expense reporting

TripIt pricing

• TripIt Free
• TripIt Pro : $49 per year 

TripIt ratings and reviews

• G2: 4.7/5 (40+ reviews)
• Capterra: Unavailable

Happay is a comprehensive corporate travel and expense management solution. Apart from offering advanced features, it also provides advanced AI-powered processes that ensure you have complete control over every aspect of your plan. 

The software has a self-booking tool with multiple suppliers, allowing you to book your preferred hotels, flights, and cabs. You can also plan, capture, report, approve, and reconcile expenses, making expense reporting easy and effective. Web and mobile OCR also enhance expense capture capabilities. 

Moreover, you can use the tool to improve travel policy compliance and increase savings.

Happay best features

• Integrate Happay with software like Oracle, Tally, Microsoft, Uber, RuPay, Visa, and more
• Get detailed reports about top spenders, policy violators, business travelers, time taken for approvals, flights, and hotels for better expense management 
• Connect with multiple suppliers for accommodations and travel on a single platform
• Ensure 100% policy compliance
• Get reminders when the lowest fare is available for your preferred accommodations and flights 
• Use the fare freeze option to reserve a ticket price. This comes in handy when there is a delay in manager approval
• Enjoy tax compliance with airlines, ensuring complete visibility of business travel expenses

Happay limitations

• Some users have complained about slow customer support
• The product application is not completely glitch-free

Happay pricing

Happay ratings and reviews.

• G2: 4.5/5 (300+ reviews)
• Capterra: 4.6/5 (800+ reviews)

Deem offers an effortless and intuitive travel experience with its intelligent features. Your employees can book, edit, and modify their plans from anywhere and using any device. It also ensures their safety (along with your duty of care) with the built-in Safety Check option during booking.  

What makes Deem unique, however, is that it provides carbon emission ratings to help you assess your trip’s environmental impact. So you can make greener and better choices on future trips. 

Deem best features

• Book your travel plans using personalized support provided by Deem
• Get quick, real-time insights into your spending and user engagement 
• Find the most suitable accommodations and flights using the wide range of vendors available on the app. You can also compare fare tiers in a single view
• Integrate it with platforms like Workday, Chrome River, and more
• Get support  in 14 languages 

Deem limitations

• Some users complained about slow loading 
• Some features are not available on the mobile app
• Some users have complained about a lack of flexibility in search results

Deem pricing

Deem ratings and reviews.

• G2: 4.5/5 (200+ reviews)
• Capterra: 4.4/5 (25 reviews)

Rydoo is primarily an expense management solution that allows employees to create, submit, and approve expenses efficiently. You can capture all the expenses on the Rydoo app, and it will also automatically match the transactions via corporate cards against their expenses.

Further, managers can easily automate the approval process for low-risk expenses to speed up approvals. With Rydoo, you can control employee expenses, ensure policy compliance, and increase efficiency. 

Rydoo best features

• Customize your travel policies and automate expense approval, reporting, and reconciliation
• Scan your receipts with the Rydoo app, and it will automatically prepare your expenses for submission, thus eliminating the need for manual data entry
• Get visibility into trips with mileage entries created through Google’s integrated map
• Integrate Rydoo with over 35 tools, including your HR, ERP, and accounting software

Rydoo limitations

• Some users have experienced technical glitches with receipt loading, expense reporting, and deletion
• Some have complained about scanning taking a lot of time

Rydoo pricing

• Essentials: $12 per user per month 
• Pro: $14 per user per month 
• Business: Contact for pricing
• Enterprise: Contact for pricing

Rydoo ratings and reviews

• G2: 4.4/5 (700+ reviews)
• Capterra: 4.4/5 (190+ reviews)

Formerly known as TripActions, Navan is an integrated business travel and expense management solution. It is well-known for maximizing efficiency while minimizing costs with discounted rates and policy controls.

Navan offers AI tools , including Ava (their AI agent), for 24/7 support. The online booking process is seamless, with a wide inventory and personalized results. And that’s not all! It also provides advanced expense reporting capabilities with data insights.

Navan best features

• Get better control over spending with dynamic policies, automated expense reporting, and real-time insights
• Book group travel for up to 50 employees at a time
• Earn loyalty points and rewards for making cost-effective choices
• Track and reduce your organization’s carbon emissions with robust sustainability tools 
• Consult with travel experts and a dedicated team to create unique and tailored travel programs

Navan limitations

• Some users found it more expensive than other options

Navan pricing

Navan ratings and reviews.

• G2: 4.7/5 (7,500+ reviews)
• Capterra: 4.6/5 (170+ reviews)

With the aim of empowering employees and ensuring cost savings, Rocketrip offers transparent performance data and rewards for reducing spending. The platform provides a custom price-to-beat algorithm based on 12 months of your historical data, travel policies, negotiated rates, preferred suppliers, and consultation with your administrators. 

It also integrates traveler employees’ data with your online booking tool, providing custom insights into spending and costs. 

Rocketrip best features

• Increase cost savings with rewards for reducing spending by choosing cheaper flights, downgrading to Economy class, etc. .
• Get detailed real-time expense reports by department, route, and employees, allowing your finance teams to make suitable decisions
• Get complete visibility into current trips and employees’ locations at all times
• Receive travel alerts for risks and track spending above policy

Rocketrip limitations

• The user interface is a little clunky
• The site often crashes and has a slow load time

Rocketrip pricing

Rocketrip ratings and reviews.

• G2: 4.3/5 (10 reviews)

PackPoint is primarily a packing list organizer that helps you decide what goes into your luggage, ensuring you don’t forget any essential items. It bases its suggestions on the length of your trip and details of your travel destination, including its weather and planned activities. 

With PackPoint Premium, you can access many more features, like connecting with TripIt, sharing your packing list, and customizing the app. 

PackPoint best features

• The app is easy to use. All you have to do is add your trip details and select your activities, and you’ll get the packing list ready
• You can integrate PackPoint with TripIt using PackPoint Pro

PackPoint limitations

• Limited features 

PackPoint pricing

• Premium: $2.99

PackPoint ratings and reviews

• G2: Unavailable

Make Travel Planning Easy with Travel Management Tools

A robust travel and expense management solution helps companies save time and money, improve their corporate travel experience, and reduce travel planning stress. Therefore, research your options, take a free trial, and decide whether the software matches your needs. 

With ClickUp, you can use AI to create itineraries, Docs to plan trips, the best templates for travel planning, itineraries, and time logs to ensure your team is on the same page regarding the latest trip plans. Try ClickUp for free today!

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Travel and Expense Management Software Market: Global Industry Analysis and Forecast (2023-2029) – By Deployment Type, Organization Size, Industry Verticals, and Region.

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10 Most impactful travel technology companies in 2024

1. travelperk.

• Headquarters: Barcelona, Spain
• Other office locations: London, Birmingham, Edinburgh, Berlin, Chicago, Boston, Miami
• Number of employees: 1,200
• Funding: Raised a total of US $513 million

Ready to revolutionize your business travel management? Simply book a demo and we'll show you how.

2. getyourguide.

• Headquarters: Berlin, Germany
• Other office locations: 18 global offices, including Vienna, Bangkok, New York  City, Dubai, and more
• Number of employees: 700+
• Funding: Raised a total of US $878 million over 11 rounds

3. Tripadvisor

• Headquarters: Needham, Massachusetts, United States of America
• Other office locations: 18 global offices, including New York City, London, Milan, Seoul, Sydney, Tokyo, and more 
• Number of employees: 2,845
• Funding: Raised a total of US $303.3 million over 5 rounds

4. Booking.com

• Headquarters: Amsterdam, Netherlands
• Other office locations: Manchester, Tel Aviv, Singapore, New York, Shanghai
• Number of employees: 23,600

5. Hotel Engine

• Headquarters: Denver, Colorado, USA
• Other office locations: Glendale, Colorado
• Number of employees: 500+
• Funding: Raised a total of US $81 million over 2 rounds

6. Lighthouse (formerly OTA Insight)

• Headquarters: London, UK
• Other office locations: Singapore, Ghent, Berlin, London, Dallas, Denver, Sydney
• Funding: Raised a total of US $115 million over 6 rounds
• Headquarters: San Francisco, California, United States of America
• Other office locations: Los Angeles, New York City, Berlin, Paris, and more
• Number of employees: 6,907
• Funding: Raised a total of US $6.4 billion over 30 rounds

8. Blablacar

• Headquarters: Paris, France
• Other office locations: Madrid, Warsaw, Kyiv, São Paulo
• Number of employees: 600
• Funding: Raised a total of US $565 million over 11 rounds

9. Timeshifter

• Headquarters: Water Mill, New York, USA
• Other office locations: Southampton, New York, USA
• Number of employees: 11-20
• Funding: Raised a total of US $4.9 million over 3 rounds
• Other office locations: Prague, Beijing, London, New York
• Number of employees: 300
• Funding: Raised a total of US $480 million over 8 rounds

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Dadabhai Travel and Sabre Elevate Travel Experience in a Renewed Partnership

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MANAMA, Bahrain – Apr 23, 2024– Dadabhai Travel, a leading Travel Management Company (TMC) in the Middle East, announces the renewal of its primary strategic GDS technology partnership with Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, reaffirming their position as strategic contributors in shaping the future of the travel industry. This renewed commitment underscores Dadabhai Travel’s dedication to providing enriched customer experiences across multiple verticals, including Leisure, meetings, incentives, conferences, and exhibitions (MICE), business to business (B2B), and business to consumer (B2C).

Sabre’s suite of products, including Sabre Red 360 (SR360), Content Services for Lodging (CSL) , Sabre APIs , Sabre Direct Payment (SDP) (formerly known as Sabre Virtual Payments), and Automation Hub , have played a pivotal role in empowering Dadabhai Travel to provide consistent and seamless services to its clients across its expansive network. The renowned SR360 platform, a cornerstone of this partnership, offers a customizable user experience that enables Dadabhai Travel to achieve product differentiation, selling branded content, add-ons, dynamic upsell options, and personalized offers.

“Sabre’s continuous commitment to future investments and technology roadmaps aligns seamlessly with our vision of being the technology partner of choice,” said Aziz Gilitwala, Managing Director, Dadabhai Travel. “As a prominent TMC brand with diverse offerings, Dadabhai Travel relies on Sabre’s technology as our trusted partner. Sabre’s products and solutions have been instrumental in enhancing our capabilities and delivering on our commitment to offering unrivaled service levels, state-of-the-art technology, and providing competitive global travel options.”

Sabre’s role extends beyond technology, with a critical contribution to enabling Dadabhai Travel to increase productivity and achieve ambitious growth objectives. This renewed collaboration marks a significant milestone setting the stage for continued innovation and excellence in the travel industry.

“Our partnership with Dadabhai Travel goes beyond technology—it’s about collaboration, shared knowledge, and a joint commitment to driving innovation in the travel industry,” said Ramzi AlQassab, Managing Director, Sabre Travel Network Middle East. “With a multiple-year proven track record and a decade-long commitment, our renewed partnership with Dadabhai Travel is a testament to our ability to consistently deliver for big travel brands year over year. Sabre is proud to continue supporting Dadabhai Travel in winning new and repeat business by delivering technology, customized solutions, and insights that enhance the traveler experience.”

About Dadabhai Travel:

Established in 1981, Dadabhai Travel is the current market leader and the top performing travel agency in Bahrain. Its enviable position in Bahrain encouraged its expansion within the region. In 2011, Dadabhai Travel began its expansion into Saudi Arabia having four branches in Jubail, Jeddah, Riyadh and Dammam. The UAE operations were initiated in 2012 having strategically located offices in Dubai and Abu Dhabi.

Followed by Kuwait in 2019 and in the second quarter of 2021, Dadabhai Travel continued expanding into new territories by establishing a presence in Oman.

By extending the services and products offered by all offices at the same levels of quality and commitment, Dadabhai Travel is confident that they will be able to capitalize on the numerous opportunities presented by this market and are one step closer towards achieving their complete regional presence.

About Sabre Corporation

Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveler experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.  www.sabre.com .

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National Travel selects Sabre distribution network to help better serve Federal Government Agencies

SOUTHLAKE, Texas – April 25, 2024 – Sabre Corporation (NASDAQ: SABR), a leading software and technology provider powering the global travel industry, today announced a new multi-year agreement with National Travel, a global travel agency ranked...

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Bangkok Airways eyes further growth through renewed network planning and optimization deal with Sabre

SOUTHLAKE, Texas, and BANGKOK, Thailand – April 17, 2024 –  Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry today announced a renewed agreement with Bangkok Airways, as the airline eyes further industry...

April 16, 2024

Sabre strengthens APAC team with the appointment of seasoned industry leader Rajiv Bhatia

SINGAPORE and INDIA – April 16, 2024 –  Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry today announced that experienced industry leader Rajiv Bhatia has joined Sabre to help advance...

Air Serbia Expands Strategic Growth and Customer Experience Enhancement with Sabre’s Advanced Revenue and Passenger Service Solutions

Renewed commitment marks a new chapter in Air Serbia’s strategic and operational efficiency.The airline adopts Sabre’s advanced analytics for strategic decision-making and competitive advantage. LONDON, UK – April 16, 2024 – Air Serbia, Serbia’s national airline,...

April 15, 2024

Sabre and InterparkTriple announce strategic technology partnership to harness the power of Sabre Travel AI

The fast-growing Online Travel Agency and Sabre will collaborate to attract millions more visitors to South Korea through AI-powered innovation SINGAPORE and SEOUL, South Korea – April 15, 2024 –  Sabre Corporation (NASDAQ: SABR), a leading software...

April 11, 2024

Consolid Global Travel Solutions adopts Sabre payment and NDC solutions

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Onko Chishin selects extensive suite of Sabre SynXis technology including game-changing SynXis Retail Studio

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Claudia Looi

Touring the Top 10 Moscow Metro Stations

By Claudia Looi 2 Comments

Komsomolskaya metro station looks like a museum. It has vaulted ceilings and baroque decor.

Hidden underground, in the heart of Moscow, are historical and architectural treasures of Russia. These are Soviet-era creations – the metro stations of Moscow.

Our guide Maria introduced these elaborate metro stations as “the palaces for the people.” Built between 1937 and 1955, each station holds its own history and stories. Stalin had the idea of building beautiful underground spaces that the masses could enjoy. They would look like museums, art centers, concert halls, palaces and churches. Each would have a different theme. None would be alike.

The two-hour private tour was with a former Intourist tour guide named Maria. Maria lived in Moscow all her life and through the communist era of 60s to 90s. She has been a tour guide for more than 30 years. Being in her 60s, she moved rather quickly for her age. We traveled and crammed with Maria and other Muscovites on the metro to visit 10 different metro stations.

Arrow showing the direction of metro line 1 and 2

Moscow subways are very clean

To Maria, every street, metro and building told a story. I couldn’t keep up with her stories. I don’t remember most of what she said because I was just thrilled being in Moscow.   Added to that, she spilled out so many Russian words and names, which to one who can’t read Cyrillic, sounded so foreign and could be easily forgotten.

The metro tour was the first part of our all day tour of Moscow with Maria. Here are the stations we visited:

1. Komsomolskaya Metro Station  is the most beautiful of them all. Painted yellow and decorated with chandeliers, gold leaves and semi precious stones, the station looks like a stately museum. And possibly decorated like a palace. I saw Komsomolskaya first, before the rest of the stations upon arrival in Moscow by train from St. Petersburg.

2. Revolution Square Metro Station (Ploshchad Revolyutsii) has marble arches and 72 bronze sculptures designed by Alexey Dushkin. The marble arches are flanked by the bronze sculptures. If you look closely you will see passersby touching the bronze dog's nose. Legend has it that good luck comes to those who touch the dog's nose.

Touch the dog's nose for good luck. At the Revolution Square station

Revolution Square Metro Station

3. Arbatskaya Metro Station served as a shelter during the Soviet-era. It is one of the largest and the deepest metro stations in Moscow.

Arbatskaya Metro Station

4. Biblioteka Imeni Lenina Metro Station was built in 1935 and named after the Russian State Library. It is located near the library and has a big mosaic portrait of Lenin and yellow ceramic tiles on the track walls.

Lenin's portrait at the Biblioteka Imeni Lenina Metro Station

5. Kievskaya Metro Station was one of the first to be completed in Moscow. Named after the capital city of Ukraine by Kiev-born, Nikita Khruschev, Stalin's successor.

Kievskaya Metro Station

6. Novoslobodskaya Metro Station  was built in 1952. It has 32 stained glass murals with brass borders.

Novoslobodskaya metro station

7. Kurskaya Metro Station was one of the first few to be built in Moscow in 1938. It has ceiling panels and artwork showing Soviet leadership, Soviet lifestyle and political power. It has a dome with patriotic slogans decorated with red stars representing the Soviet's World War II Hall of Fame. Kurskaya Metro Station is a must-visit station in Moscow.

Ceiling panel and artworks at Kurskaya Metro Station

8. Mayakovskaya Metro Station built in 1938. It was named after Russian poet Vladmir Mayakovsky. This is one of the most beautiful metro stations in the world with 34 mosaics painted by Alexander Deyneka.

Mayakovskaya station

One of the over 30 ceiling mosaics in Mayakovskaya metro station

9. Belorusskaya Metro Station is named after the people of Belarus. In the picture below, there are statues of 3 members of the Partisan Resistance in Belarus during World War II. The statues were sculpted by Sergei Orlov, S. Rabinovich and I. Slonim.

10. Teatralnaya Metro Station (Theatre Metro Station) is located near the Bolshoi Theatre.

Teatralnaya Metro Station decorated with porcelain figures .

Taking the metro's escalator at the end of the tour with Maria the tour guide.

Have you visited the Moscow Metro? Leave your comment below.

January 15, 2017 at 8:17 am

An excellent read! Thanks for much for sharing the Russian metro system with us. We're heading to Moscow in April and exploring the metro stations were on our list and after reading your post, I'm even more excited to go visit them. Thanks again 🙂

December 6, 2017 at 10:45 pm

Hi, do you remember which tour company you contacted for this tour?

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