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IDC Worldwide Travel and Expense Management Software Market Shares, 2019

IDC Worldwide Travel and Expense Management Software Market Shares, 2019

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The market for T&E management software reached $2.3 billion in 2019, with SAP once again leading the market, according to an IDC report!

Travel and expense (T&E) management software should work alongside financial accounting, human resources, and procurement systems to create a single, connected process for managing an organisation's spend.

In this report excerpt IDC reveals that the T&E market grew to $2.3 billion, an 11.8% increase over 2018. SAP is the leader in the market with 54.1% market shares. The study also highlights what a technology supplier of travel and expense management software should consider:

  • Prioritising the user experience
  • Creating intelligent workflows
  • Enhancing analytics capabilities
  • Integrating digital payments
  • Adding more risk management
  • Focusing on fraud management
  • Emphasising the ecosystem

Download the IDC Worldwide Travel and Expense Management Software Market Shares, 2019: Analytics Drives a new Travel Paradigm to learn more.

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