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.

SaaS-Based Expense Management Market contains market size and forecasts of SaaS-Based Expense Management in Global, including the following market information:

Global SaaS-Based Expense Management Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global SaaS-Based Expense Management market was valued at 2676.3 million in 2021 and is projected to reach US$ 4457.6 million by 2028, at a CAGR of 7.6% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Travel and Expense Management Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of SaaS-Based Expense Management include Concur Technologies, SAP Ariba, IBM, Infor, Oracle, Apptricity, SumTotal Systems, Insperity and SuitSoft, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the SaaS-Based Expense Management companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global SaaS-Based Expense Management Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global SaaS-Based Expense Management Market Segment Percentages, by Type, 2021 (%)

Travel and Expense Management

Telecom Expense management

Others

Global SaaS-Based Expense Management Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global SaaS-Based Expense Management Market Segment Percentages, by Application, 2021 (%)

Small and Medium Business

Large Business

Others

Global SaaS-Based Expense Management Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global SaaS-Based Expense Management Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies SaaS-Based Expense Management revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies SaaS-Based Expense Management revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Concur Technologies

SAP Ariba

IBM

Infor

Oracle

Apptricity

SumTotal Systems

Insperity

SuitSoft

Certify

Expensify

Abacus

Nexonia

Unit4

Zoho Expense

Xpenditure

AccountSight

NetSuite