Mercado global de software de gestão de viagens e despesas – Tendências do setor e previsão para 2029

Análise e dimensão do mercado de software de gestão de viagens e despesas

O aumento das visitas internacionais de representantes governamentais em todo o mundo e as reclamações e reembolsos sem complicações através de software de gestão de viagens e despesas estão a impulsionar o crescimento global do mercado. A constante ameaça de violação de dados é um importante fator de restrição para o mercado global de viagens e gestão de despesas .

A Data Bridge Market Research analisa que o mercado de software de gestão de viagens e despesas deverá atingir o valor de 294.241,30 mil dólares até 2029, com um CAGR de 6,8% no período de previsão. O segmento cloud é responsável pelo maior segmento de oferta no mercado de software de gestão de viagens e despesas. O relatório global do mercado de software de gestão de viagens e despesas também abrange a análise de preços, a análise de patentes e os avanços tecnológicos em profundidade.

Definição de mercado

O software de gestão de viagens e despesas é um sistema abrangente que o pode ajudar a gerir e monitorizar as suas despesas de viagens de negócios. O software de gestão de T&E é essencial para as empresas que enviam colaboradores em viagens de negócios, seja para planear viagens, supervisionar pessoal em viagem ou gerar relatórios de despesas.

Empresas de todos os tipos podem beneficiar de software de gestão de despesas e viagens corporativas. É essencial garantir que tem um conhecimento completo das suas despesas de viagens de negócios e um apoio ao cliente experiente em caso de problemas. Além disso, auxilia na otimização do processo de faturação e na programação de viagens de acordo com a política de viagens da sua empresa.

Dinâmica global do mercado de software de gestão de viagens e despesas

Motoristas

• ELEVADA ADOÇÃO DE DISPOSITIVOS MÓVEIS

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

O mercado de software de gestão de viagens e despesas é analisado e os insights e tendências do tamanho do mercado são fornecidos por modelo de implementação, tamanho da organização e setor.

Os países abordados no relatório global do mercado de software de gestão de viagens e despesas são os EUA, o Canadá e o México na América do Norte. Reino Unido, Alemanha, Espanha, Israel, Resto da Europa na Europa. Japão, Austrália, Hong Kong, Nova Zelândia, Resto da Ásia-Pacífico na Ásia-Pacífico. Emirados Árabes Unidos, Qatar, Kuwait, África do Sul, Resto do Médio Oriente e África (MEA) no Médio Oriente e África. Brasil, México, Panamá, Panamá, Peru e Resto da América Latina.

Espera-se que os EUA dominem o mercado de software de gestão de viagens e despesas da América do Norte devido ao aumento da tendência e popularidade da tecnologia na nuvem entre as empresas, espera-se que a Alemanha domine o software de gestão de viagens e despesas da Europa devido à elevada adoção de dispositivos móveis.

A secção do país do relatório também fornece fatores individuais de impacto no mercado e alterações na regulamentação do mercado que impactam as tendências atuais e futuras do mercado. Pontos de dados como a análise da cadeia de valor a jusante e a montante, tendências técnicas e análise das cinco forças de Porter, estudos de caso são alguns dos indicadores utilizados para prever o cenário de mercado para países individuais. Além disso, são considerados a presença e disponibilidade de marcas globais e os desafios enfrentados devido à grande ou escassa concorrência de marcas locais e nacionais, o impacto das tarifas nacionais e das rotas comerciais, ao mesmo tempo que se fornece uma análise de previsão dos dados do país.

Análise do panorama competitivo e da quota de mercado global de software de gestão de viagens e despesas

O panorama competitivo do mercado global de software de gestão de viagens e despesas fornece detalhes dos concorrentes. Os detalhes incluídos são a visão geral da empresa, finanças da empresa, receitas geradas, potencial de mercado, investimento em investigação e desenvolvimento, novas iniciativas de mercado, presença global, localizações e instalações de produção, capacidades de produção, pontos fortes e fracos da empresa , lançamento da solução, largura e amplitude do produto, aplicação domínio. Os dados acima referidos estão apenas relacionados com o foco das empresas no mercado global de software de gestão de viagens e despesas.

Alguns dos principais players que operam no mercado são a 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 Unip. Ltd., TravelPerk SLU, ExpensePoint, Rydoo, 8common e Coupa Software Inc., entre outros.

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