Market Overview:
The global T&E (travel and expense) tool 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 T&E tools and rising demand for automated T&E solutions across different industries. North America is expected to hold the largest share of the global T&E tool market in 2018, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
 Tool Industry Outlook.svg)
Product Definition:
The T&E Tool is used to manage and track employee travel and expense reimbursements. The tool helps ensure that employees are reimbursed for their expenses in a timely manner, and that all expenses are accounted for.
Cloud Based:
Cloud-based solutions are software-as-a-service applications that provide a platform for streamlining business processes. Cloud computing is the storage and usage of information on an electronic device, such as a server or computer network, instead of maintaining it on physical property. The technology enables organizations to store data remotely and access it using various channels such as mobile devices and computers.
On Premise:
On premise is a term used for software or hardware based accounting systems which are installed at the service provider's site. The on-premise software solutions are generally customized by the organizations and hence, it is known as a custom solution. These solutions have an advantage over cloud-based services in that they can be controlled by the organization’s IT department thereby preventing data loss and theft.
Application Insights:
The transportation & logistics segment dominated the global T&E (travel and expense) tool market in 2017. This can be attributed to the rising demand for cost-effective transport solutions across various industries. The segment is further divided into sea, air, road; rail; and waterway transport modes. The growth of this industry is directly related to factors such as population expansion, urbanization, technological advancements in information technology and communication networks coupled with economic development will determine the future scope of this application segment over the next few years.
The government & defense sector accounted for a significant share within the transportation & logistics industry owing to increasing military expenditure globally on account of ongoing conflicts around the world since 2016 between different countries resulting in increased security concerns among people which has resulted in an increase travel requirement by governments worldwide thereby fueling upmarket growth within this sector over next seven years or so.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of industry players, such as Expensify Inc.; Oracle Corporation; and ServiceNow, Inc. Moreover, increasing government initiatives for digitization and modernization are also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to various factors such as growing population and rising demand for transportation services across countries in this region. In addition, rapid urbanization coupled with increasing industrial output is likely to boost IT & telecom spending in this region which would subsequently propel T&E tool adoption rates during the forecast period from 2018 To 2030 (see Exhibit 1).
Growth Factors:
- Increasing demand for automation in T&E processes to improve efficiency and accuracy
- Growing number of businesses adopting T&E tools to manage expenses and optimize spending
- Rising need for cost-effective solutions amid tightening budgets
- Proliferation of mobile devices and apps that make capturing expenses on the go easier and more convenient
- Increased focus on compliance with government regulations governing T&E spending
Scope Of The Report
Report Attributes
Report Details
Report Title
T&E (Travel and Expense) Tool 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
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global T&E (Travel and Expense) Tool Market Report Segments:
The global T&E (Travel and Expense) Tool 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
 Tool Market Overview.svg)
Highlights of The T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool 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
 Tool Market Statistics.svg)
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?
The T&E (Travel and Expense) Tool is a web-based tool that helps you track your travel expenses and generate reports. The tool provides information on your travel history, including dates, destinations, flights/car rentals/hotels booked, and costs. You can also use the T&E Tool to compare your expenses against those of other travelers in order to better understand how you're spending your money.
Some of the key players operating in the t&e (travel and expense) tool 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 t&e (travel and expense) tool 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 T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool Market Size & Forecast, 2018-2028
4.5.1 T&E (Travel and Expense) Tool Market Size and Y-o-Y Growth
4.5.2 T&E (Travel and Expense) Tool Market Absolute $ Opportunity
Chapter 5 Global T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool Analysis and Forecast
9.1 Introduction
9.2 North America T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool Analysis and Forecast
10.1 Introduction
10.2 Europe T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool Analysis and Forecast
12.1 Introduction
12.2 Latin America T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool 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) T&E (Travel and Expense) Tool Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) T&E (Travel and Expense) Tool 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) T&E (Travel and Expense) Tool 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) T&E (Travel and Expense) Tool 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 T&E (Travel and Expense) Tool Market: Competitive Dashboard
14.2 Global T&E (Travel and Expense) Tool 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
