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.
In recent years, SAP acquired Ariba and Concur ，become the undisputed no.1 player, IBM is constantly strengthening cooperation with SAP, Oracle acquired NetSuite, K1 Investment Management combined Certify, Nexonia, ExpenseWatch and Tallie to create the largest independent company, consider other small companies, it's easy to forecast, the competition will be more intense
North America will remain the largest market.
China ---- the world's second largest economy will remain a high growth:
I. Local companies is smaller, it’s difficult to meet the requirements of large enterprises. some player can only supply standard version.
II.Affected by the traditional concept, most leaders of small and medium companies do not want to use management software, but now they began to realize the importance of software, and be willing to spend money.
III.With the development of China's economy, travel costs continue to increase, the market has been expanding.
According to this study, over the next five years the SaaS-Based Expense Management market will register a 8.0% CAGR in terms of revenue, the global market size will reach US$ 3000 million by 2024, from US$ 1890 million in 2019. In particular, this report presents the global revenue market share of key companies in SaaS-Based Expense Management business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of SaaS-Based Expense Management market by product type, application, key companies and key regions.
This study considers the SaaS-Based Expense Management value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Travel and Expense Management
Telecom Expense management
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Small and Medium Business
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global SaaS-Based Expense Management market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of SaaS-Based Expense Management market by identifying its various subsegments.
Focuses on the key global SaaS-Based Expense Management players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the SaaS-Based Expense Management with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of SaaS-Based Expense Management submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.