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Market Analysis and Insights: Global SaaS-Based Expense Management Market
SaaS-based expense management includes the deployment of expense management systems as a web-based subscription service. This system helps in controlling and monitoring expense reports, thereby streamlining the business process and preventing fraud and human error. It also increases visibility across the entire reimbursement claim process, reducing travel costs and improving the efficiency of enterprises.
The SaaS-based system is operated by a third-party organization as opposed to the installation and maintenance of an on-site business system. SaaS-based expense management has succeeded in changing the procurement of expense management systems from a capital expenditure to a pay-per-use subscription arrangement.
Due to the COVID-19 pandemic, the global SaaS-Based Expense Management market size is estimated to be worth US$ 2601 million in 2022 and is forecast to a readjusted size of US$ 4456.4 million by 2029 with a CAGR of 7.9% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Travel and Expense Management accounting for % of the SaaS-Based Expense Management global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Small and Medium Business segment is altered to an % CAGR throughout this forecast period.
The global SaaS-Based Expense Management top three players include Concur Technologies, SAP Ariba and IBM, with about 66% market shares. North America is the largest consumption place, with a consumption market share nearly 39%. Following North America, Europe is the second largest consumption place with the consumption market share of 24%.
Global SaaS-Based Expense Management Scope and Market Size
The global SaaS-Based Expense Management market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global SaaS-Based Expense Management market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029.
Segment by Type
Travel and Expense Management
Telecom Expense management
Others
Segment by Application
Small and Medium Business
Large Business
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Concur Technologies
SAP Ariba
IBM
Infor
Oracle
Apptricity
SumTotal Systems
Insperity
SuitSoft
Certify
Expensify
Abacus
Nexonia
Unit4
Zoho Expense
Xpenditure
AccountSight
NetSuite
SaaS-based expense management includes the deployment of expense management systems as a web-based subscription service. This system helps in controlling and monitoring expense reports, thereby streamlining the business process and preventing fraud and human error. It also increases visibility across the entire reimbursement claim process, reducing travel costs and improving the efficiency of enterprises.
The SaaS-based system is operated by a third-party organization as opposed to the installation and maintenance of an on-site business system. SaaS-based expense management has succeeded in changing the procurement of expense management systems from a capital expenditure to a pay-per-use subscription arrangement.
Due to the COVID-19 pandemic, the global SaaS-Based Expense Management market size is estimated to be worth US$ 2601 million in 2022 and is forecast to a readjusted size of US$ 4456.4 million by 2029 with a CAGR of 7.9% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Travel and Expense Management accounting for % of the SaaS-Based Expense Management global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Small and Medium Business segment is altered to an % CAGR throughout this forecast period.
The global SaaS-Based Expense Management top three players include Concur Technologies, SAP Ariba and IBM, with about 66% market shares. North America is the largest consumption place, with a consumption market share nearly 39%. Following North America, Europe is the second largest consumption place with the consumption market share of 24%.
Global SaaS-Based Expense Management Scope and Market Size
The global SaaS-Based Expense Management market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global SaaS-Based Expense Management market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029.
Segment by Type
Travel and Expense Management
Telecom Expense management
Others
Segment by Application
Small and Medium Business
Large Business
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Concur Technologies
SAP Ariba
IBM
Infor
Oracle
Apptricity
SumTotal Systems
Insperity
SuitSoft
Certify
Expensify
Abacus
Nexonia
Unit4
Zoho Expense
Xpenditure
AccountSight
NetSuite
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