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Middle East & Africa Travel and Expense Management Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Deployment (On-Premise and Cloud), Enterprise Size (Large Enterprises and Small and Medium Enterprises), and Industry (BFSI, IT and Telecom, Manufacturing, Healthcare, Government and Defense, Transport and Logistics, Retail, and Others)
Market Report I 2023-01-24 I 117 Pages I The Insight Partners
The MEA travel and expense management software market is expected to grow from US$ 214.69 million in 2022 to US$ 305.81 million by 2028. It is estimated to grow at a CAGR of 6.1% from 2022 to 2028.
Rising Adoption of SaaS Applications is Fueling the MEA Travel and Expense Management Software Market
Software as a service (SaaS) application are web-based alternatives to the usual offline software. SaaS can run 24/7 via an internet browser from any device. It does not require installation, equipment updates, and traditional licensing management. Also, it is cost effective, it saves the data in the cloud, etc. Companies use SaaS when they don't have the time, capital, or expertise to build their own applications or host on-premise applications. The maintenance costs are also minimum as SaaS service providers have total control on hosting environments. SaaS applications dramatically reduce the time spent on the configuration of resources. Also, it keeps the data safe compared to any traditional software. Moreover, the SaaS service provider hosts the software centrally on a server; so one can change the usage plan as per their need, without informing in advance. The benefits of SaaS have led to the rising adoption of SaaS applications in various organizations. This factor is expected to offer lucrative opportunities for the growth of the travel and expense management software market in the coming years. Travel and expense management software is a SaaS application which is useful for remote work scenarios where several people from multiple locations work on a similar project and access the centralized product for managing their travel expenses and reimbursements. So, growing adoption of SaaS application is expected to drive the MEA travel and expense management software market .
MEA Overview
The logistics & transportation industry in the MEA is boosting at a normal pace, and the government of Saudi Arabia and UK is expected to bring a promising future to the logistics & transportation industry in the Gulf Cooperation Council region. The growth of the travel and expense management software market is primarily attributed to the e-commerce boom, infrastructure development, and a spike in international exports. The international exports and e-commerce's high reliance on digital platforms, the focus of governments on digitalization, and increasing contributions of knowledge economic sectors are expected to fuel the transformation of the logistics ecosystem. Moreover, technological innovations and the emergence of new entrants in the travel and expense management software market are driving the market. These entrants are focusing on deployments of new travel and expense management software, further gaining traction in the MEA travel and expense management software market.
MEA Travel and Expense Management Software Market Revenue and Forecast to 2028 (US$ Million)
MEA Travel and Expense Management Software Market Segmentation
The MEA travel and expense management software market is segmented into deployment, enterprise size, industry, and country.
Based on deployment, the MEA travel and expense management software market is bifurcated into on-premise and cloud. The cloud segment held a larger market share in 2022.
Based on enterprise size, the MEA travel and expense management software market is bifurcated into small and medium enterprises and large enterprises. The large enterprises segment held a larger market share in 2022.
Based on industry, the MEA travel and expense management software market is segmented into BFSI, IT and telecom, manufacturing, healthcare, government and defense, transport and logistics, retail, and others. The IT and telecom segment held the largest market share in 2022.
Based on country, the MEA travel and expense management software market has been categorized into the UAE, Saudi Arabia, South Africa, and the Rest of MEA. Our regional analysis states that Saudi Arabia dominated the market share in 2022.
Basware Corporation; Certify, Inc.; Chrome River Technologies, Inc.; Concur Technologies, Inc.; Coupa Software Inc.; Expensify, Inc.; Infor, Inc.; and Oracle Corporation are the leading companies operating in the MEA travel and expense management software market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 MEA Travel and Expense Management Software Market - By Deployment
1.3.2 MEA Travel and Expense Management Software Market - By Enterprise Size
1.3.3 MEA Travel and Expense Management Software Market - By Industry
1.3.4 MEA Travel and Expense Management Software Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Travel and Expense Management Software Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Travel and Expense Management Software Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Mobile Workforce
5.1.2 Hassle-Free Claims and Reimbursements
5.2 Market Restraints
5.2.1 Constant Threat of Data Breach
5.3 Market Opportunities
5.3.1 Rising Adoption of SaaS Applications
5.4 Future Trends
5.4.1 Emergence of Artificial Intelligence (AI) and Machine Learning (ML)
5.5 Impact Analysis of Drivers and Restraints
6. Travel and Expense Management Software Market - MEA Analysis
6.1 MEA Travel and Expense Management Software Market Overview
6.2 MEA Travel and Expense Management Software Market - Revenue and Forecast to 2028 (US$ Million)
7. MEA Travel and Expense Management Software Market Analysis - By Deployment
7.1 Overview
7.2 MEA Travel and Expense Management Software Market, By Deployment (2021 and 2028)
7.3 On-Premise
7.3.1 Overview
7.3.2 On-Premise: Travel and Expense Management Software Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Cloud
7.4.1 Overview
7.4.2 Cloud: Travel and Expense Management Software Market - Revenue and Forecast to 2028 (US$ Million)
8. MEA Travel and Expense Management Software Market Analysis - By Enterprise Size
8.1 Overview
8.2 MEA Travel and Expense Management Software Market, By Enterprise Size (2021 and 2028)
8.3 Small and Medium Enterprises
8.3.1 Overview
8.3.2 Small and Medium Enterprises: Travel and Expense Management Software Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Large Enterprises
8.4.1 Overview
8.4.2 Large Enterprises: Travel and Expense Management Software Market - Revenue and Forecast to 2028 (US$ Million)
9. MEA Travel and Expense Management Software Market Analysis - By Industry
9.1 Overview
9.2 MEA Travel and Expense Management Software Market Breakdown, by Industry, 2021 & 2028
9.3 BFSI
9.3.1 Overview
9.3.2 BFSI Market Revenue and Forecast to 2028 (US$ Million)
9.4 IT and Telecom
9.4.1 Overview
9.4.2 IT and Telecom Market Revenue and Forecast to 2028 (US$ Million)
9.5 Manufacturing
9.5.1 Overview
9.5.2 Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
9.6 Healthcare
9.6.1 Overview
9.6.2 Healthcare Market Revenue and Forecast to 2028 (US$ Million)
9.7 Government and Defense
9.7.1 Overview
9.7.2 Government and Defense Market Revenue and Forecast to 2028 (US$ Million)
9.8 Transportation and Logistics
9.8.1 Overview
9.8.2 Transportation and Logistics Market Revenue and Forecast to 2028 (US$ Million)
9.9 Retail
9.9.1 Overview
9.9.2 Retail Market Revenue and Forecast to 2028 (US$ Million)
9.10 Others
9.10.1 Overview
9.10.2 Others Market Revenue and Forecast to 2028 (US$ Million)
10. MEA Travel and Expense Management Software Market - Country Analysis
10.1 Overview
10.1.1 MEA: Travel and Expense Management Software Market, by Key Country
10.1.1.1 South Africa: Travel and Expense Management Software Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 South Africa: Travel and Expense Management Software Market, by Deployment
10.1.1.1.2 South Africa: Travel and Expense Management Software Market, by Enterprise Size
10.1.1.1.3 South Africa: Travel and Expense Management Software Market, by Industry
10.1.1.2 Saudi Arabia: Travel and Expense Management Software Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Saudi Arabia: Travel and Expense Management Software Market, by Deployment
10.1.1.2.2 Saudi Arabia: Travel and Expense Management Software Market, by Enterprise Size
10.1.1.2.3 Saudi Arabia: Travel and Expense Management Software Market, by Industry
10.1.1.3 UAE: Travel and Expense Management Software Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 UAE: Travel and Expense Management Software Market, by Deployment
10.1.1.3.2 UAE: Travel and Expense Management Software Market, by Enterprise Size
10.1.1.3.3 UAE: Travel and Expense Management Software Market, by Industry
10.1.1.4 Rest of MEA: Travel and Expense Management Software Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Rest of MEA: Travel and Expense Management Software Market, by Deployment
10.1.1.4.2 Rest of MEA: Travel and Expense Management Software Market, by Enterprise Size
10.1.1.4.3 Rest of MEA: Travel and Expense Management Software Market, by Industry
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Partnership Strategy
12. Company Profiles
12.1 Basware Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Certify, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Chrome River Technologies, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Coupa Software Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Expensify, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Infor, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Oracle Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Concur Technologies, Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. MEA Travel and Expense Management Software Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. MEA Travel and Expense Management Software Market, by Country - Revenue and Forecast to 2028 (USD Million)
Table 3. South Africa: Travel and Expense Management Software Market, by Deployment - Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Travel and Expense Management Software Market, by Enterprise Size - Revenue and Forecast to 2028 (US$ Million)
Table 5. South Africa: Travel and Expense Management Software Market, by Industry - Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia: Travel and Expense Management Software Market, by Deployment - Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia: Travel and Expense Management Software Market, by Enterprise Size - Revenue and Forecast to 2028 (US$ Million)
Table 8. Saudi Arabia: Travel and Expense Management Software Market, by Industry - Revenue and Forecast to 2028 (US$ Million)
Table 9. UAE: Travel and Expense Management Software Market, by Deployment - Revenue and Forecast to 2028 (US$ Million)
Table 10. UAE: Travel and Expense Management Software Market, by Enterprise Size - Revenue and Forecast to 2028 (US$ Million)
Table 11. UAE: Travel and Expense Management Software Market, by Industry - Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of MEA: Travel and Expense Management Software Market, by Deployment - Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of MEA: Travel and Expense Management Software Market, by Enterprise Size - Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of MEA: Travel and Expense Management Software Market, by Industry - Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Travel and Expense Management Software Market Segmentation
Figure 2. MEA Travel and Expense Management Software Market Segmentation - By Country
Figure 3. MEA Travel and Expense Management Software Market Overview
Figure 4. MEA Travel and Expense Management Software Market, By Deployment
Figure 5. MEA Travel and Expense Management Software Market, By Country
Figure 6. MEA: PEST Analysis
Figure 7. Expert Opinion
Figure 8. MEA Travel and Expense Management Software Market: Impact Analysis of Drivers and Restraints
Figure 9. MEA Travel and Expense Management Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 10. MEA Travel and Expense Management Software Market Revenue Share, by Deployment (2021 and 2028)
Figure 11. On-Premise: MEA Travel and Expense Management Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. Cloud: MEA Travel and Expense Management Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. MEA Travel and Expense Management Software Market Revenue Share, by Enterprise Size (2021 and 2028)
Figure 14. Small and Medium Enterprises: MEA Travel and Expense Management Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Large Enterprises: MEA Travel and Expense Management Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Travel and Expense Management Software Market Breakdown, by Industry (2021 and 2028)
Figure 17. BFSI: MEA Travel and Expense Management Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. IT and Telecom: MEA Travel and Expense Management Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Manufacturing: MEA Travel and Expense Management Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Healthcare: MEA Travel and Expense Management Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Government and Defense: MEA Travel and Expense Management Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Transportation and Logistics: MEA Travel and Expense Management Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Retail: MEA Travel and Expense Management Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: MEA Travel and Expense Management Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. MEA: Travel and Expense Management Software Market, by Key Country - Revenue (2021) (US$ 'Million)
Figure 26. MEA: Travel and Expense Management Software Market Revenue Share, by Key Country (2021 and 2028)
Figure 27. South Africa: Travel and Expense Management Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Saudi Arabia: Travel and Expense Management Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. UAE: Travel and Expense Management Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. Rest of MEA: Travel and Expense Management Software Market - Revenue and Forecast to 2028 (US$ Million)
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