Global SaaS-Based Expense Management Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global SaaS-based expense management market is expected to grow at a CAGR of 10.5% during the forecast period (2022-2028). Expense management software as a service (SaaS) automates all aspects of expense management, including expense analysis, expense reporting, travel booking, employee reimbursement, and more. It aids the expense manager in gaining more control over expenses and reducing reporting errors. Furthermore, providing cost benefits assists businesses in significantly lowering their expenses, improving operational efficiency, and speeding up processes. These SaaS-based expense management solutions perform predictive analysis, historical spend analysis, and other similar functions in addition to tracking expenses.

The market is driven by an ever-increasing demand for better expense visibility. Furthermore, the growing need to cut expenses and operational costs, as well as the increased adoption of end-to-end expense management solutions, are driving the market growth. However, the market growth is constrained by the lack of in-house expense management systems and data security concerns. Furthermore, increased demand for visibility into expenditure and broader access to expense portals through mobile apps are expected to provide numerous opportunities for the market growth. Organizations in a variety of industries are adopting the SaaS-based deployment option as it reduces the risk of cash flow oversight, increases productivity and efficiency, and improves reporting and analytic capabilities. This, in turn, is driving the growth of the global SaaS-Based expense management market.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Product Type
  • By End-User
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- IBM Corp., Infor Global Solutions Inc., and Oracle Corp., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global SaaS-Based Expense Management Market Report by Segment

By Product Type

• Web-Based Expense Management
• Cloud-Based Expense Management

By End-User

• Small and Medium Business
• Large Business