Mercado mundial de software de gestión de viajes y gastos: tendencias de la industria y pronóstico hasta 2029

Análisis y tamaño del mercado de software de gestión de viajes y gastos

El aumento de las visitas internacionales de representantes gubernamentales en todo el mundo y la posibilidad de realizar reclamaciones y reembolsos sin complicaciones a través de software de gestión de viajes y gastos está impulsando el crecimiento general del mercado. La amenaza constante de la filtración de datos es un factor limitante importante para el mercado global de gestión de viajes y gastos .

Data Bridge Market Research analiza que se espera que el mercado de software de gestión de viajes y gastos alcance un valor de USD 294.241,30 mil para 2029, con una CAGR del 6,8 % durante el período de pronóstico. El segmento de la nube representa el segmento de oferta más grande en el mercado de software de gestión de viajes y gastos. El informe del mercado global de software de gestión de viajes y gastos también cubre en profundidad el análisis de precios, el análisis de patentes y los avances tecnológicos.

Definición de mercado

El software de gestión de viajes y gastos es un sistema integral que puede ayudarle a gestionar y controlar los gastos de sus viajes de negocios. El software de gestión de viajes y gastos es esencial para las empresas que envían personal a viajes de negocios, ya sea para planificar viajes, supervisar al personal en la carretera o generar informes de gastos.

Las empresas de todo tipo pueden beneficiarse de un software de gestión de viajes y gastos corporativos. Es fundamental asegurarse de tener un conocimiento profundo de los gastos de viajes de negocios y de contar con un servicio de atención al cliente competente en caso de que surjan problemas. Además, ayuda a optimizar el proceso de facturación y a programar los viajes de acuerdo con la política de viajes de su empresa.

Dinámica del mercado global de software de gestión de viajes y gastos

Conductores

• ALTA ADOPCIÓN DE DISPOSITIVOS MÓVILES

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 global 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 global 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 global 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

Global 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-Premise
• Cloud

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

Industry

• Defense
• Government
• Others

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

Global Travel and Expense Management Software Market Regional Analysis/Insights

Se analiza el mercado de software de gestión de viajes y gastos y se proporcionan información y tendencias sobre el tamaño del mercado según el modelo de implementación, el tamaño de la organización y la industria.

Los países cubiertos en el informe del mercado global de software de gestión de viajes y gastos son EE. UU., Canadá y México en América del Norte. Reino Unido, Alemania, España, Israel, Resto de Europa en Europa. Japón, Australia, Hong Kong, Nueva Zelanda, Resto de Asia-Pacífico en Asia-Pacífico. Emiratos Árabes Unidos, Qatar, Kuwait, Sudáfrica, Resto de Medio Oriente y África (MEA) en Medio Oriente y África. Brasil, México, Panamá, Panamá, Perú y Resto de América Latina.

Se espera que Estados Unidos domine el mercado de software de gestión de viajes y gastos de América del Norte debido al aumento de la tendencia y la popularidad de la tecnología en la nube entre las empresas, y se espera que Alemania domine el mercado de software de gestión de viajes y gastos de Europa debido a la alta adopción de dispositivos móviles.

La sección de países del informe también proporciona factores de impacto de mercado individuales y cambios en la regulación del mercado que afectan las tendencias actuales y futuras del mercado. Los puntos de datos como el análisis de la cadena de valor ascendente y descendente, las tendencias técnicas y el análisis de las cinco fuerzas de Porter, los estudios de casos son algunos de los indicadores utilizados para pronosticar el escenario del mercado para países individuales. Además, la presencia y disponibilidad de marcas globales y sus desafíos enfrentados debido a la competencia grande o escasa de las marcas locales y nacionales, el impacto de los aranceles nacionales y las rutas comerciales se consideran al proporcionar un análisis de pronóstico de los datos del país.

Análisis del panorama competitivo y de la cuota de mercado global del software de gestión de viajes y gastos

El panorama competitivo del mercado global de software de gestión de viajes y gastos proporciona detalles de los competidores. Los detalles incluidos son una descripción general de la empresa, las finanzas de la empresa, los ingresos generados, el potencial de mercado, la inversión en investigación y desarrollo, las nuevas iniciativas de mercado, la presencia global, los sitios e instalaciones de producción, las capacidades de producción, las fortalezas y debilidades de la empresa, el lanzamiento de la solución, la amplitud y variedad del producto, el dominio de la aplicación. Los puntos de datos anteriores solo están relacionados con el enfoque de las empresas en el mercado global de software de gestión de viajes y gastos.

Algunos de los principales actores que operan en el mercado son 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 SLU, ExpensePoint, Rydoo, 8common y Coupa Software Inc., entre otros.

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