Travel And Expense Management Software Market

By Deployment;

On-Premises and Cloud.

By Type;

PC Terminal And Mobile Terminal

By Enterprise Type;

Large Enterprises and Small & Medium Enterprises (SMEs).

By Industry;

Transportation & Logistics, Manufacturing, IT & Telecommunications, Defense & Government, BFSI, Healthcare, Retail, Energy & Utilities, and Other.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn554770784 Published Date: August, 2025

Travel and Expense Management Software Market Overview

Travel and Expense Management Software Market (USD Million)

Travel and Expense Management Software Market was valued at USD 12,326.52 million in the year 2024. The size of this market is expected to increase to USD 28,288.45 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.6%.


Travel And Expense Management Software Market

*Market size in USD million

CAGR 12.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)12.6 %
Market Size (2024)USD 12,326.52 Million
Market Size (2031)USD 28,288.45 Million
Market ConcentrationLow
Report Pages369
12,326.52
2024
28,288.45
2031

Major Players

  • Concur Technologies
  • Zoho Corporation Pvt. Ltd.
  • Sodexo (Rydoo)
  • Certify Inc.
  • Chrome River Technologies Inc.
  • Coupa Software Inc.
  • Infor

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Travel And Expense Management Software Market

Fragmented - Highly competitive market without dominant players


The Travel and Expense Management Software Market is undergoing a significant transformation, fueled by a widespread move toward automation. Around 64% of businesses have transitioned from manual expense tracking to digital platforms, resulting in enhanced transparency, faster approvals, and reduced administrative burden.

Cost Control Becomes a Top Priority
Amid rising travel budgets, nearly 59% of enterprises are leveraging expense management software to tighten control over spending. These systems deliver real-time visibility into costs, helping finance teams quickly detect irregularities and enforce policy compliance effectively.

Enterprise-Wide Integration Enhances Efficiency
About 52% of companies have connected their expense tools with enterprise software such as ERP or HRM systems. This integration streamlines data sharing, reduces redundancy, and supports smarter decisions by consolidating travel and expense data across departments.

Security and Regulatory Compliance at the Forefront
Roughly 47% of organizations prioritize advanced security features within their platforms to meet stringent data protection standards. Capabilities like encrypted transactions, digital audit trails, and fraud detection strengthen both compliance and trust in these solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Deployment
    2. Market Snapshot, By Type
    3. Market Snapshot, By Enterprise Type
    4. Market Snapshot, By Industry
    5. Market Snapshot, By Region
  4. Travel and Expense Management Software Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Cost management efficiency
        2. Real-time expense tracking
        3. Automation in processes
        4. Mobile application adoption
        5. Growing SMB adoption
      2. Restraints
        1. High implementation costs
        2. Data security concerns
        3. Integration challenges persist
        4. Limited user adoption
        5. Market competition intensifies
      3. Opportunities
        1. Emerging market expansion
        2. AI-driven analytics
        3. Blockchain for security
        4. Enhanced mobile applications
        5. Partnerships with banks
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Travel and Expense Management Software Market, By Deployment, 2021 - 2031 (USD Million)
      1. On-Premises
      2. Cloud
    2. Travel and Expense Management Software Market, By Type, 2021 - 2031 (USD Million)

      1. PC Terminal

      2. Mobile Terminal

    3. Travel and Expense Management Software Market, By Enterprise Type, 2021 - 2031 (USD Million)
      1. Large Enterprises
      2. Small & Medium Enterprises (SMEs)
    4. Travel and Expense Management Software Market, By Industry, 2021 - 2031 (USD Million)
      1. Transportation & Logistics
      2. Manufacturing,
      3. IT & Telecommunications,
      4. Defense & Government
      5. BFSI
      6. Healthcare
      7. Retail
      8. Energy & Utilities
      9. Others
    5. Travel and Expense Management Software Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa

        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Concur Technologies
      2. Zoho Corporation Pvt. Ltd.
      3. Sodexo (Rydoo)
      4. Certify Inc.
      5. Chrome River Technologies Inc.
      6. Coupa Software Inc.
      7. Infor
  7. Analyst Views
  8. Future Outlook of the Market