The global SaaS-based expense management market is anticipated to grow at a considerable CAGR of 10.5% during the forecast period. SaaS provides more benefits over traditional software licensing models since the company does not invest in new hardware. Additionally, it is suggested that SaaS is convenient to update, implement, and contains a variety of applications including auditing functions, email services, and customer relationship management (CRM). Expense management software as a service (SaaS) automates all aspects of expense management, including expense analysis, expense reporting, travel booking, employee reimbursement, and other.
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The growth of the global SaaS-based expense management market is largely driven by the increasing number of technical developments in different industries around the globe and the overall digital revolution. Digital economic development is one of the key factors motivating big giants to invest aggressively in digital innovation and shift their conventional business models to automated ones, to seize value-producing opportunities and keep ahead of their competitors. The prominent factors that are expected to fuel the demand for SaaS-based expense management software in the coming years are the growing number of internet users and the overall rise in research and development activities in the field of information and communication technology.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global SaaS-Based Expense Management Market by Product Type
- Web-Based Expense Management
- Cloud-Based Expense Management
Global SaaS-Based Expense Management Market by End-User
- Small & Medium Business
- Large Business
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Abacus Labs, Inc.
- AccountSight (A Foxit Company)
- Apptricity Corp.
- Fyle Inc.
- Infor Global Solutions, Inc.
- Insperity, Inc.
- NetSuite Inc.
- Nexonia
- Rydoo N.V.
- SAP SE
- Signifo, Ltd.
- SutiSoft, Inc.
- TripActions, Inc.
- Unit4
- Zoho Corp. Pvt. Ltd
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global SaaS-based expense management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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