Market Overview:
The global accounting and expense management solutions market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing adoption of cloud-based solutions, rising demand for automated expense management solutions, and growing need for cost-effective and efficient business processes. The accounting and expense management solutions market is segmented on the basis of type into cloud-based and on premise. The cloud-based segment is expected to grow at a higher CAGR during the forecast period as compared to the on premise segment, owing to its advantages such as low cost of ownership, scalability, ease of use, and fast deployment time. On the basis of application, the accounting and expense management solutions market is divided into transportation & logistics, government & defense, energy & utilities healthcare retail telecom & IT manufacturing others segments. The transportation & logistics sector accounted for majority share in 2017 due high adoption rate in this sector across different regions worldwide .
Product Definition:
The definition of Accounting and Expense Management Solutions is a software program that helps businesses track and manage expenses. The importance of Accounting and Expense Management Solutions is that it can help businesses save money by tracking expenses and preventing them from becoming too high.
Cloud Based:
Cloud-based solutions are expected to gain high traction in the global accounting and expense management solutions market over the forecast period. The major factor driving this growth is cost saving by avoiding additional IT support costs, setting up a control center for coordinating and arranging various processes within an organization. Cloud-based services also help organizations in improving their service levels as they can rely on vendors for providing maintenance services at low costs throughout the life cycle of a solution.
On Premise:
On premise is a term used to define software and hardware systems that are installed at the customer's site. The on-premise system acts as an independent unit within an organization, which has its own database for operations and data. On premise solutions provide complete control over all processes; however, it requires high investment in terms of infrastructure & software purchase and maintenance charges.
Application Insights:
The transportation & logistics segment accounted for the largest market share in 2017 and is anticipated to continue its dominance over the forecast period. The growth can be attributed to factors such as increasing trade between countries, growing global population, and favorable government policies. The segment is further subdivided into sea transport, air transport, land transport, and others.
The manufacturing sector has been witnessing a steady growth due to technological advancements coupled with efficient management of costs associated with production activities such as raw material procurement & storage; machine maintenance; power consumption; heat treatment etc. Furthermore, manufacturers are also expected to adopt accounting and expense management solutions owing to their need for effective planning & control of financial resources that are required for business operations along with other administrative tasks such as human resource management etc., which will drive demand over the forecast period.
Regional Analysis:
The North American regional market dominated the global accounting and expense management solutions industry in 2016. The growth of this region can be attributed to the presence of a large number of small and medium enterprises (SMEs). SMEs are increasingly adopting these systems for tracking their expenses, which helps them manage their cash flow better. In addition, increasing government regulations coupled with compliance issues is driving the need for expense management solutions among businesses in this region.
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to several factors such as growing penetration of cloud computing services, improving internet connectivity, technological advancements such as Artificial Intelligence (AI) and Robotic Process Automation (RPA), rising adoption by SMEs for streamlining operations & processes along with an increase in demand from service industries due to regulatory reforms undertaken by governments across various countries in order to improve tax collection procedures among others.
Growth Factors:
- Increasing demand for automation in accounting and expense management solutions to manage growing business operations.
- Proliferation of cloud-based solutions that offer flexibility, scalability, and cost-effectiveness to businesses of all sizes.
- The need for better visibility and control over expenses in order to make more informed strategic decisions about where to allocate resources.
- Growing emphasis on compliance with government regulations and standards such as Sarbanes-Oxley (SOX) and the General Data Protection Regulation (GDPR).
Scope Of The Report
Report Attributes
Report Details
Report Title
Accounting and Expense Management Solutions Market Research Report
By Type
Cloud Based, On Premise
By Application
Transportation & Logistics, Government & Defense, Energy & Utilities, Healthcare, Retail, Telecom & IT, Manufacturing, Others
By Companies
Oracle Corporation, Apptricity Corp., SAP SE (Concur), Basware, Expensify, Chrome River Technologies, Infor, Coupa Software, Trippeo Technologies, Certify, Journyx, Xero, Harvest, Ariett, Abila
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Accounting and Expense Management Solutions Market Report Segments:
The global Accounting and Expense Management Solutions market is segmented on the basis of:
Types
Cloud Based, On Premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transportation & Logistics, Government & Defense, Energy & Utilities, Healthcare, Retail, Telecom & IT, Manufacturing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Oracle Corporation
- Apptricity Corp.
- SAP SE (Concur)
- Basware
- Expensify
- Chrome River Technologies
- Infor
- Coupa Software
- Trippeo Technologies
- Certify
- Journyx
- Xero
- Harvest
- Ariett
- Abila
Highlights of The Accounting and Expense Management Solutions Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Based
- On Premise
- By Application:
- Transportation & Logistics
- Government & Defense
- Energy & Utilities
- Healthcare
- Retail
- Telecom & IT
- Manufacturing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Accounting and Expense Management Solutions Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Accounting and expense management solutions are a set of tools and processes that help organizations manage their financial resources more effectively. Solutions may include software, books, online resources, or consulting services. They can help organizations track expenses, identify opportunities to reduce costs, and make informed decisions about where to allocate resources.
Some of the key players operating in the accounting and expense management solutions market are Oracle Corporation, Apptricity Corp., SAP SE (Concur), Basware, Expensify, Chrome River Technologies, Infor, Coupa Software, Trippeo Technologies, Certify, Journyx, Xero, Harvest, Ariett, Abila.
The accounting and expense management solutions market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Accounting and Expense Management Solutions Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Accounting and Expense Management Solutions Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Accounting and Expense Management Solutions Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Accounting and Expense Management Solutions Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Accounting and Expense Management Solutions Market Size & Forecast, 2018-2028
4.5.1 Accounting and Expense Management Solutions Market Size and Y-o-Y Growth
4.5.2 Accounting and Expense Management Solutions Market Absolute $ Opportunity
Chapter 5 Global Accounting and Expense Management Solutions Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Accounting and Expense Management Solutions Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 On Premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Accounting and Expense Management Solutions Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Accounting and Expense Management Solutions Market Size Forecast by Applications
6.2.1 Transportation & Logistics
6.2.2 Government & Defense
6.2.3 Energy & Utilities
6.2.4 Healthcare
6.2.5 Retail
6.2.6 Telecom & IT
6.2.7 Manufacturing
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Accounting and Expense Management Solutions Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Accounting and Expense Management Solutions Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Accounting and Expense Management Solutions Analysis and Forecast
9.1 Introduction
9.2 North America Accounting and Expense Management Solutions Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Accounting and Expense Management Solutions Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 On Premise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Accounting and Expense Management Solutions Market Size Forecast by Applications
9.10.1 Transportation & Logistics
9.10.2 Government & Defense
9.10.3 Energy & Utilities
9.10.4 Healthcare
9.10.5 Retail
9.10.6 Telecom & IT
9.10.7 Manufacturing
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Accounting and Expense Management Solutions Analysis and Forecast
10.1 Introduction
10.2 Europe Accounting and Expense Management Solutions Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Accounting and Expense Management Solutions Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 On Premise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Accounting and Expense Management Solutions Market Size Forecast by Applications
10.10.1 Transportation & Logistics
10.10.2 Government & Defense
10.10.3 Energy & Utilities
10.10.4 Healthcare
10.10.5 Retail
10.10.6 Telecom & IT
10.10.7 Manufacturing
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Accounting and Expense Management Solutions Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Accounting and Expense Management Solutions Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Accounting and Expense Management Solutions Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 On Premise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Accounting and Expense Management Solutions Market Size Forecast by Applications
11.10.1 Transportation & Logistics
11.10.2 Government & Defense
11.10.3 Energy & Utilities
11.10.4 Healthcare
11.10.5 Retail
11.10.6 Telecom & IT
11.10.7 Manufacturing
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Accounting and Expense Management Solutions Analysis and Forecast
12.1 Introduction
12.2 Latin America Accounting and Expense Management Solutions Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Accounting and Expense Management Solutions Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 On Premise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Accounting and Expense Management Solutions Market Size Forecast by Applications
12.10.1 Transportation & Logistics
12.10.2 Government & Defense
12.10.3 Energy & Utilities
12.10.4 Healthcare
12.10.5 Retail
12.10.6 Telecom & IT
12.10.7 Manufacturing
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Accounting and Expense Management Solutions Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Accounting and Expense Management Solutions Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Accounting and Expense Management Solutions Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 On Premise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Accounting and Expense Management Solutions Market Size Forecast by Applications
13.10.1 Transportation & Logistics
13.10.2 Government & Defense
13.10.3 Energy & Utilities
13.10.4 Healthcare
13.10.5 Retail
13.10.6 Telecom & IT
13.10.7 Manufacturing
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Accounting and Expense Management Solutions Market: Competitive Dashboard
14.2 Global Accounting and Expense Management Solutions Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Oracle Corporation
14.3.2 Apptricity Corp.
14.3.3 SAP SE (Concur)
14.3.4 Basware
14.3.5 Expensify
14.3.6 Chrome River Technologies
14.3.7 Infor
14.3.8 Coupa Software
14.3.9 Trippeo Technologies
14.3.10 Certify
14.3.11 Journyx
14.3.12 Xero
14.3.13 Harvest
14.3.14 Ariett
14.3.15 Abila
