Market Overview:
The global travel management software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing adoption of cloud-based travel management software by large enterprises and SMEs, and the growing demand for business travel services. North America is expected to lead the global market in terms of revenue during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
The definition of Travel Management Software is a program that helps businesses and organizations manage their travel needs. This can include making reservations, tracking expenses, and managing employee travel. The importance of this software is that it can help organizations save money on their travel costs by streamlining the process and making it easier to find deals on flights, hotels, and other services.
Cloud Based:
Cloud-based software is a type of software service that provides shared computer resources over the internet. It is an emerging trend in the travel and tourism industry, which has led to various benefits such as increased data storage capacity, easy access from any location, and real-time information sharing among other industries. Cloud based solutions are gaining popularity among end users due to its cost effectiveness compared to on premise solutions.
On-premises:
On-premises software is a type of cloud computing software that is installed and used on the end user's own computers or servers. The end users can access the information from their desktops or servers. This type of software does not require an internet connection to function, as it uses the internal data storage of the computer/server for saving and loading information.
Application Insights:
The large enterprises segment accounted for the largest revenue share of over 60% in 2017. The segment is expected to continue its dominance over the forecast period. Large enterprises are generally more comfortable with on-premises software as they have a dedicated IT team and resources to manage it properly. However, small and medium-sized businesses (SMBs) prefer using cloud based software as it reduces costs associated with installation, maintenance and deployment of applications.
Cloud based solutions also offer easy scalability enabling businesses to benefit from increased demand without having to invest heavily in new infrastructure or technology upgrades.
Regional Analysis:
The North American region dominated the global market in 2017. The growth can be attributed to the presence of a large number of IT companies offering travel management software solutions. Moreover, increasing demand for on-demand business travel and tourism has also led to an increase in adoption of such software by small and medium enterprises as well as large enterprises.
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to rapid developments taking place in various sectors including hospitality, healthcare, education, retailing and others across countries like China and India. Furthermore, growing penetration of e-commerce businesses is further driving growth through their online portals which includes booking hotels/accommodation services using these systems thereby creating significant opportunities for industry players over next eight years or so.
Growth Factors:
- Increasing demand for travel management software from small and medium-sized businesses (SMBs) due to the benefits offered by such software, such as cost savings and improved efficiency.
- The increasing popularity of cloud-based travel management software, which makes it easier for businesses to manage their travel operations remotely.
- The growing trend of business travellers using mobile devices to book their trips, which is driving the demand for travel management software that is optimised for mobile devices.
- The increasing focus on corporate social responsibility (CSR) by organisations, which has led to a rise in the use of travel management software that helps organisations track and manage their carbon footprints.
- The rising number of mergers and acquisitions in the global travel industry, which is leading to an increase in the demand for advanced Travel Management Software solutions that can help organisations streamline their operations
Scope Of The Report
Report Attributes
Report Details
Report Title
Travel Management Software Market Research Report
By Type
Cloud Based, On-premises
By Application
Large Enterprises, SMEs
By Companies
Bookinglayer, Clarcity, Deem, Egencia, Emburse, Juniper, Lola.com, Rydoo, SAP Concur, TravelBank, TravelPerk, Travelport, TripActions, TripIt, Upside Business Travel
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Travel Management Software Market Report Segments:
The global Travel Management Software market is segmented on the basis of:
Types
Cloud 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
Large Enterprises, SMEs
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:
- Bookinglayer
- Clarcity
- Deem
- Egencia
- Emburse
- Juniper
- Lola.com
- Rydoo
- SAP Concur
- TravelBank
- TravelPerk
- Travelport
- TripActions
- TripIt
- Upside Business Travel
Highlights of The Travel Management 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
- On-premises
- By Application:
- Large Enterprises
- SMEs
- 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 Travel Management 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
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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?
Travel management software is a computer application that helps manage travel arrangements for individuals, families, or groups. The software can include features to help plan and book flights, hotels, car rentals, and other transportation options; track expenses; and communicate with tour operators or other suppliers.
Some of the major players in the travel management software market are Bookinglayer, Clarcity, Deem, Egencia, Emburse, Juniper, Lola.com, Rydoo, SAP Concur, TravelBank, TravelPerk, Travelport, TripActions, TripIt, Upside Business Travel.
The travel management software 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 Travel Management 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 Travel Management Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Travel Management 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 Travel Management 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 Travel Management Software Market Size & Forecast, 2018-2028
4.5.1 Travel Management Software Market Size and Y-o-Y Growth
4.5.2 Travel Management Software Market Absolute $ Opportunity
Chapter 5 Global Travel Management Software 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 Travel Management Software Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Travel Management Software 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 Travel Management Software Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 SMEs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Travel Management 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 Travel Management 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 Travel Management Software Analysis and Forecast
9.1 Introduction
9.2 North America Travel Management Software 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 Travel Management Software Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 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 Travel Management Software Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 SMEs
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 Travel Management Software Analysis and Forecast
10.1 Introduction
10.2 Europe Travel Management Software 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 Travel Management Software Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 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 Travel Management Software Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 SMEs
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 Travel Management Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Travel Management Software 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 Travel Management Software Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 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 Travel Management Software Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 SMEs
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 Travel Management Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Travel Management Software 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 Travel Management Software Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 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 Travel Management Software Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 SMEs
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) Travel Management Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Travel Management Software 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) Travel Management Software Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 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) Travel Management Software Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 SMEs
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 Travel Management Software Market: Competitive Dashboard
14.2 Global Travel Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bookinglayer
14.3.2 Clarcity
14.3.3 Deem
14.3.4 Egencia
14.3.5 Emburse
14.3.6 Juniper
14.3.7 Lola.com
14.3.8 Rydoo
14.3.9 SAP Concur
14.3.10 TravelBank
14.3.11 TravelPerk
14.3.12 Travelport
14.3.13 TripActions
14.3.14 TripIt
14.3.15 Upside Business Travel
