Travel management solution enables the individuals and the business entities to track and monitor the expenses involved in the personal and business travel respectively. Increasing number of electronic gadgets such as a laptop, smartphones, and other devices has created a positive impact on the travel management solution market. The travel management solution facilitates the businesses to plan their flexible tour at reduced cost. Also, Self-booking application feature is anticipated as one of the strengthening factors to drive the market growth. Constantly evolving technologies and rising number of Small and Medium Businesses (SMB) such as travel agencies and tour operators are expected to drive the travel management solution market over the next few years.
MARKET DYNAMICS
Increasing awareness of travel management solutions among the small and medium enterprises is give an essential boost to the operating business. On the other hand, lack of expertise in installation associated with operational techniques of a cloud-based software system is expected to hinder the growth of the market over the forecast period. Additionally, this solutions helps in monitoring and analyzing a large amount of expense data on a single platform, thus saving time and money, which is further going to boost the market for travel management solutions.
MARKET SCOPE
The "Global Travel Management Solution Market Analysis to 2028"? is a specialized and in-depth study of the travel management solution market with a special focus on the global market trend analysis. The report aims to provide an overview of travel management solution market with detailed market segmentation by deployment, organization size, industry. The global travel management solution market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading travel management solution market player and offers key trends and opportunities in the travel management solution market.
MARKET SEGMENTATION
The global travel management solution market is segmented on the basis of deployment, organization size, industry. On the basis of deployment, market is segmented as on premise, cloud based. On the basis of organization size, market is segmented as large enterprises, small and medium enterprises. On the basis of industry, market is segmented as manufacturing, transportation, retail and logistics, healthcare, others
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global travel management solution market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The travel management solution market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting travel management solution market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the travel management solution market in these regions.
MARKET PLAYERS
The reports cover key developments in the travel management solution market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from travel management solution market are anticipated to lucrative growth opportunities in the future with the rising demand for travel management solution market. Below mentioned is the list of few companies engaged in the travel management solution market.
The report also includes the profiles of key travel management solution market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Concur (SAP)
- Certify
- Expensify
- Chrome River Technologies
- Infor
- Appricity Corporation
- Ariett
- Basware
- Fraedom
- Skyjunxion
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.