Expense Management Software Market Attractiveness, Competitive Landscape and Forecast to 2025

1
Market Research Future
Expense Management Software Market Research
Report - Global Forecast to 2025
The Expense Management Software Market is
projected to attain the valuation of USD 6,599.2
million by 2025. It was worth USD 2,349.1 million
in 2017. It is slated to depict an exuberant CAGR
of 12.4 during the forecast period (2018-2025).
The Market Research Future (MRFR) report boasts
of an elaborate segmental analysis that provides
a comprehensive discussion of the drivers,
offering an acute knowledge of the Expense
Management Software Market. The global market is
largely driven by factors such as the continuous
developments in network technologies such as 3G,
4G/LTE, as well as the emergence of 5G, which has
led to the elevation in the adoption of
smartphones and mobile-based applications.
Moreover, the lowered prices of smartphones
combined with the increased disposable income
levels of consumers has resulted in its rapid
adoption, positively influencing the growth of
the global market. But the lack of
interoperability is the primary reason for the
issues encountered while maintaining consistency
between various solutions provided by vendors,
which results in issues associated with the
security of the expense management software. With
that said, broader access to expense portals
using mobile applications coupled with the
increase in demand for visibility into
expenditure is bound to offer numerous
opportunities for the expense management software
market to grow at a tremendous pace in the coming
years. https//www.marketresearchfuture.com/repor
ts/expense-management-software-market-7014
1 [phone] (US)
44 208 133 9349 (UK)
2
Market Research Future
Regional Analysis The U.S. held a sizeable market
share of 39 in 2017 and valued at USD 1,043.2
million, dominating the global market. The market
is projected to grow at 12.0 CAGR from 2018 to
2025 to touch USD 2,510.3 million by the end of
2025. The market in North America is largely
fueled by the increasing adoption of mobile
applications in enterprises as well as the strong
presence of solution providers like Oracle, IBM
Corporation, Replicon, SAP Concur, SumTotal
Systems LLC, YourPeople Inc., Expense Path Inc.
As the solutions offered by such companies
include highly differentiated products which
enhance the customer experience, the market in
the region benefits to a large extent. Whereas,
the expense management software market in India
is set to expand at USD 593.3 million by the end
of 2025 with a CAGR of 14.1 in the coming
years. The Europe market share amounted to 27
in 2017 and was valued at USD 721.9 million,
coming a close second to North America. Moreover,
it is expected to reach USD 1,615.5 million with
a CAGR of 11.0by the end of the forecast
period. Access Full Report _at_ https//www.marketr
esearchfuture.com/reports/expense-management-softw
are-market-7014
1 [phone] (US)
44 208 133 9349 (UK)
3
Market Research Future
Market Segments The global market for expense
management software has segmented based on type
and end-user. Type-based segments in the global
expense management software market are PC
terminal, mobile terminal, and others. Among
these, the PC terminal was the leading segment in
the expense management software market, with the
market share of 74 in 2017. It is anticipated to
reach the value of USD 4,348.3 million by the end
of 2025 at an impressive CAGR of 10.8 over the
forecast period. The demand for PC terminal is
high due to the increasing need for improving
employee productivity and efficiency which can be
attained by reducing the time taken to create,
submit, review and approve the expense
report. Based on end-user, the market is
segmented into small businesses, midsized
businesses, and large enterprises. Here, the
large enterprises managed to grab the lions
share in the global expense management software
market, obtaining a whopping market share of 67
in 2017. Also, the segment will be obtaining the
value of USD 4,193.0 million by the end of 2025,
clocking in a CAGR of 11.6 during the review
period. The expense management software assists
large-sized businesses with mobile applications
and inbuilt tools that help streamline
organization expense processing as well as
reducing the time duration associated with it.
Request a Sample Report _at_ https//www.marketresea
rchfuture.com/sample_request/7014
1 [phone] (US)
44 208 133 9349 (UK)
4
Market Research Future
Major Players in this Research The prominent
vendors in the global expense management software
market include Workday Inc. (U.S.), SAP Concur
(U.S.), IBM Corporation (U.S.), Intuit Inc.
(U.S.), Zoho Corporation Pvt. Ltd (India), Sodexo
(France), Expensify (U.S.), Infor Inc. (U.S.),
Insperity (U.S.), Xero Limited (New Zealand),
Oracle (U.S.), Coupa Software Inc. (U.S.) and
others. Get More Information _at_
https//www.marketresearchfuture.com/press-release
/expense-management-software-market
1 [phone] (US)
44 208 133 9349 (UK)
5
Market Research Future
About Market Research Future At Market Research
Future (MRFR), we enable our customers to unravel
the complexity of various industries through our
Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports
(3R), Continuous-Feed Research (CFR), and Market
Research Consulting Services. In order to stay
updated with technology and work process of the
industry, MRFR often plans conducts meet with
the industry experts and industrial visits for
its research analyst members. Know more
http//www.marketresearchfuture.com/about-us
1 [phone] (US)
44 208 133 9349 (UK)