Market Analysis and Insights: Global SaaS-Based Expense Management Market
SaaS-based expense management includes the deployment of expense management systems as a web-based subscription service. This system helps in controlling and monitoring expense reports, thereby streamlining the business process and preventing fraud and human error. It also increases visibility across the entire reimbursement claim process, reducing travel costs and improving the efficiency of enterprises.
The SaaS-based system is operated by a third-party organization as opposed to the installation and maintenance of an on-site business system. SaaS-based expense management has succeeded in changing the procurement of expense management systems from a capital expenditure to a pay-per-use subscription arrangement.
The global SaaS-Based Expense Management market size is projected to reach US$ 4456.4 million by 2028, from US$ 2601 million in 2021, at a CAGR of 7.9% during 2022-2028.
The global SaaS-Based Expense Management top three players include Concur Technologies, SAP Ariba and IBM, with about 66% market shares. North America is the largest consumption place, with a consumption market share nearly 39%. Following North America, Europe is the second largest consumption place with the consumption market share of 24%.
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Global SaaS-Based Expense Management Scope and Market Size
SaaS-Based Expense Management market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global SaaS-Based Expense Management market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Travel and Expense Management
Telecom Expense management
Others
Segment by Application
Small and Medium Business
Large Business
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
Concur Technologies
SAP Ariba
IBM
Infor
Oracle
Apptricity
SumTotal Systems
Insperity
SuitSoft
Certify
Expensify
Abacus
Nexonia
Unit4
Zoho Expense
Xpenditure
AccountSight
NetSuite