Market Overview:
The global expense tracking software market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing adoption of cloud-based and web-based expense tracking software by small businesses, midsized businesses, and large businesses. Additionally, the growing demand for mobile-based expense tracking software is also contributing to the growth of the market. North America is expected to dominate the global expense tracking software market during the forecast period owing to technological advancements and early adoption of new technologies in this region.
Product Definition:
Expense tracking software is used to manage and track expenses. The importance of expense tracking software is that it allows businesses to keep track of their spending and identify areas where they can save money.
Cloud-based:
Cloud-based software is a type of Expense Management Software that provides services for managing and tracking expenses. It's an online system that allows users to store, organize, and track their expenses in real time through the internet. The cloud-based software offers features such as integrated with accounting packages, mobile apps for expense reporting on the go along with user friendly interface allowing flexibility in terms of usage from anywhere across the globe.
Web-based:
Expense tracking software is used to track business expenses by generating reports and dashboards that can be used for future reference. The software helps in categorizing, organizing, and managing expense data for a company. It also provides an insight into the usage of various resources such as travel, communication & collaboration tools along with IT assets. In addition, it enables users to search for information by creating filters based on different parameters such as user name or project name.
Application Insights:
The small businesses segment held the largest market share in 2017. This can be attributed to the fact that most of the SMBs have started their operations on a shoestring budget and are extremely economical about spending money. As a result, they look for software solutions that can help them with proper accounting and tracking of expenses easily. The large businesses segment is expected to witness lucrative growth over the forecast period owing to increasing demand from medium-sized businesses as well as large enterprises for managing their financials effectively.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of a large number of small, medium, and big businesses in this region. Expense tracking software has become an integral part of accounting systems used by these businesses for maintaining proper track record of their financial activities. Moreover, with the implementation of cloud-based solutions over traditional on-premises ones, it has become easier for small & midsized enterprises (SMEs) to adopt expense tracking software owing to less technical knowledge required by them for installation and usage.
Growth Factors:
- Increasing demand for automation in business processes to reduce human intervention and improve efficiency
- Growing number of small businesses and startups, who are looking for low-cost and easy-to-use expense tracking software
- Proliferation of mobile devices and apps that make capturing expenses on the go easier than ever before
- Rising awareness about the benefits of expense tracking among businesses of all sizes
- Integration of expense tracking features with other popular business software applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Expense Tracking Software Market Research Report
By Type
Cloud-based, Web-based, On-Premises
By Application
Small Businesses, Midsized Businesses, Large Businesses
By Companies
Concur, Zoho Expense, Certify, Xpenditure, Expensify, BizXpense Tracker, ExpenseBot, Taxbot, Deductr, ExpensePath, Receipts Pro, Receipt Bank, Abacus, ExpensePoint, InvoiceBerry, Journyx, Expenses Manager
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
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Expense Tracking Software Market Report Segments:
The global Expense Tracking Software market is segmented on the basis of:
Types
Cloud-based, Web-based, On-Premises
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
Small Businesses, Midsized Businesses, Large Businesses
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:
- Concur
- Zoho Expense
- Certify
- Xpenditure
- Expensify
- BizXpense Tracker
- ExpenseBot
- Taxbot
- Deductr
- ExpensePath
- Receipts Pro
- Receipt Bank
- Abacus
- ExpensePoint
- InvoiceBerry
- Journyx
- Expenses Manager
Highlights of The Expense Tracking Software 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
- Web-based
- On-Premises
- By Application:
- Small Businesses
- Midsized Businesses
- Large Businesses
- 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 Expense Tracking Software 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Expense tracking software is a computer program that helps businesses track and manage expenses. This software can be used to keep track of all the money spent on various items, such as office supplies, food, and travel. It can also help businesses analyze their spending patterns and find ways to save money.
Some of the major players in the expense tracking software market are Concur, Zoho Expense, Certify, Xpenditure, Expensify, BizXpense Tracker, ExpenseBot, Taxbot, Deductr, ExpensePath, Receipts Pro, Receipt Bank, Abacus, ExpensePoint, InvoiceBerry, Journyx, Expenses Manager.
The expense tracking software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Expense Tracking Software 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 Expense Tracking Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Expense Tracking Software 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 Expense Tracking Software 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 Expense Tracking Software Market Size & Forecast, 2020-2028
4.5.1 Expense Tracking Software Market Size and Y-o-Y Growth
4.5.2 Expense Tracking Software Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 Web-based
5.2.3 On-Premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Small Businesses
6.2.2 Midsized Businesses
6.2.3 Large Businesses
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Expense Tracking Software 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 Expense Tracking Software 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 Web-based
9.6.3 On-Premises
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 Market Size Forecast by Applications
9.10.1 Small Businesses
9.10.2 Midsized Businesses
9.10.3 Large Businesses
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 Web-based
10.6.3 On-Premises
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 Market Size Forecast by Applications
10.10.1 Small Businesses
10.10.2 Midsized Businesses
10.10.3 Large Businesses
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 Web-based
11.6.3 On-Premises
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 Market Size Forecast by Applications
11.10.1 Small Businesses
11.10.2 Midsized Businesses
11.10.3 Large Businesses
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 Web-based
12.6.3 On-Premises
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 Market Size Forecast by Applications
12.10.1 Small Businesses
12.10.2 Midsized Businesses
12.10.3 Large Businesses
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 Web-based
13.6.3 On-Premises
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) Market Size Forecast by Applications
13.10.1 Small Businesses
13.10.2 Midsized Businesses
13.10.3 Large Businesses
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 Expense Tracking Software Market: Competitive Dashboard
14.2 Global Expense Tracking Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Concur
14.3.2 Zoho Expense
14.3.3 Certify
14.3.4 Xpenditure
14.3.5 Expensify
14.3.6 BizXpense Tracker
14.3.7 ExpenseBot
14.3.8 Taxbot
14.3.9 Deductr
14.3.10 ExpensePath
14.3.11 Receipts Pro
14.3.12 Receipt Bank
14.3.13 Abacus
14.3.14 ExpensePoint
14.3.15 InvoiceBerry
14.3.16 Journyx
14.3.17 Expenses Manager
