The saas-based expense management global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
SaaS-based Expense Management Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The SaaS-based expense management market size has grown rapidly in recent years. It will grow from $4.81 billion in 2023 to $5.60 billion in 2024 at a compound annual growth rate (CAGR) of 16.4%. The growth in the historic period can be attributed to increased adoption of cloud technology, growth in remote work trends, growth in business travel, growth in demand for real-time reporting, and increased focus on employee experience.
The SaaS-based expense management market size is expected to see rapid growth in the next few years. It will grow to $10.36 billion in 2028 at a compound annual growth rate (CAGR) of 16.6%. The growth in the forecast period can be attributed to growing adoption of AI, increasing focus on data security, increasing emphasis on cost optimization, rising adoption of subscription-based models, rising demand for mobile expense management. Major trends in the forecast period include artificial intelligence, mobile-first solutions, technological advancements, role-based access controls, and cloud-based solutions.
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Scope Of SaaS-based Expense Management Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
SaaS-based Expense Management Market Overview
Market Drivers –
Major Driver Impacting Market Growth
Market Trends –
Major companies operating in the SaaS-based expense management market are focusing on introducing intelligent and advanced solutions such as DIY expense automation platforms, to help businesses optimize their expense management processes. DIY expense automation platforms are software solutions that allow companies and individuals to automate the process of expense management and reporting without extensive technical knowledge or external assistance. For instance, in June 2023, Zaggle Prepaid Ocean Services Pvt. Ltd., an India-based software company, launched XPNS, a do-it-yourself software as a service platform for automating employee expenses that intends to reduce the costs associated with processing expenses, enhance cash flow planning, and produce financial savings for organizations. XPNS is a user-friendly platform that streamlines the entire expenditure management process from filing to payment. It enables companies to transition in less than 30 minutes from entirely manual to fully automated expenditure workflows, cutting expense management time and costs by 75%.
The SaaS-based expense management market covered in this report is segmented –
1) By Type: Travel And Expense Management, Telecom Expense Management
2) By Component: Solution, Services
3) By Deployment: On Cloud, On Premise
4) By Enterprise Size: Large Enterprise, Small And Medium Scale Enterprise
5) By Industry Vertical: Manufacturing, Media And Entertainment, Healthcare, Travel And Tourism, Energy And Utility, Information Technology And Telecommunication, Retail And E-commerce, Banking, Financial Services And Insurance (BFSI), Government And Public Sector, Other Industry Verticals
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Regional Insights –
North America was the largest region in the SaaS-based expense management market in 2023. The regions covered in the SaaS-based expense management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the SaaS-based expense management market are International Business Machines Corporation, Oracle Corporation, SAP SE, Insperity Inc., Paychex Inc., Infor Global Solutions Inc., Zoho Corporation Pvt. Ltd., Paylocity Corporation, Coupa Software Inc., Xero Limited, Paycor Inc., Emburse Inc., Abacus Labs Inc., Expensify Inc., Divvy Payments Inc., Concur Technologies Inc., Chrome River, Rydoo NV, Nexonia Inc., CyberShift Inc., Expensya SAS, Apptricity Corporation, SutiSoft Inc., Wave Financial Inc.
Table of Contents
1. Executive Summary
2. SaaS-based Expense Management Market Report Structure
3. SaaS-based Expense Management Market Trends And Strategies
4. SaaS-based Expense Management Market – Macro Economic Scenario
5. Global SaaS-based Expense Management Market Size and Growth
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32. Global SaaS-based Expense Management Market Competitive Benchmarking
33. Global SaaS-based Expense Management Market Competitive Dashboard
34. Key Mergers And Acquisitions In The SaaS-based Expense Management Market
35. SaaS-based Expense Management Market Future Outlook and Potential Analysis
36. Appendix
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