Market Outlook : Travel and Expense Management Software Market Globally Grow at a CAGR of 6.96% and 7.70% respectively by Revenue During the Period 2016-2020
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About Travel and Expense Management Software
Travel and expense management software is deployed by enterprises to manage and audit employee-initiated expenses that include travel and entertainment. The software helps control and monitor expense reports, thereby streamlining the business process and preventing fraud and human error. It also increases visibility across the entire reimbursement claim process, reduces travel costs, and improves the efficiency of enterprises.
Technavios analysts forecast the global travel and expense management software market to grow at a CAGR of 6.96% and 7.70% respectively during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global travel and expense management software market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of travel and expense management software licenses, installation and implementation of software, training, maintenance, and subscriptions.
Segments based on geography:
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Technavio’s report, Global Travel and Expense Management Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Chrome River Technologies
Other prominent vendors
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