What is SaaS-Based Expense Management?
SaaS is basically a mechanism under which software solutions are provided on a subscription basis. SaaS Based Expense Management enables firms to control and manage expenses, streamlining of expense reports and thus even preventing frauds. SaaS Based Expense Management products include travel and expense management, telecom expense management and others. Small and medium enterprises are largely untapped and thus provides huge opportunity to expand and grow. Growing adoption of cloud based computing solutions is expected to be major reason for success of the SaaS based expense management solutions. Geographically, North America is the largest market of SaaS based expense management solutions.
The market study is broken down by Type (Travel and Expense Management, Telecom Expense Management and Others) and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM Corporation (United States), Oracle Corporation (United States), CyberShift, Inc. (United States), Infor (United States), SAP SE (Germany), Zoho Corporation (India), Expensify (United States), SumTotal Systems, Inc. (United States), Cast & Crew (United States) and MobileXpense (Belgium) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Apptricity Corporation (United States), Insperity, Inc. (United States) and SutiSoft Pvt. Ltd. (India).
AdvanceMarketAnalytics has segmented the market of Global SaaS-Based Expense Management market by Type, Application and Region.
On the basis of geography, the market of SaaS-Based Expense Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organisation Size , the sub-segment i.e. SMEs will boost the SaaS-Based Expense Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. On Cloud will boost the SaaS-Based Expense Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021, Cast & Crew, a United States based payroll firm has announced acquisition of an expense management software developer LeBog Software. The digital expense management software developed is named as Digital Purchase Order. The strategic acquisition was aimed at developing end to end digital processes by integrating LeBog’s cloud-based tools to that of Cast and Crew’s owned software PSL+.
In 2019, MobileXpense, a Belgium based one of the market leaders in global travel and expense management solutions has announced acquisition of eBuilder Travel, which is Swedish digital travel and expense management processes provider. The acquisition deal will position MobileExpense among the top software developers and bolster its standings in Europe.
- SMEs are Increasingly Adopting SaaS Based Expense Management Solutions
- Increasing Number of Mobile Users and thus growth in Mobile SaaS Market
- Businesses Adopting Cloud Computing Solutions
- Mobile SaaS has Huge Opportunity to grow even further as Increasing Number of Businesses get Connected to Internet
- Cyber Security always remains a Major Restraint in Finance Solutions
- Lack of Skilled IT Professionals in Developing Countries such as in Africa
Key Target AudienceSaaS-Based Expense Management Developers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as IBM Corporation (United States), Oracle Corporation (United States), CyberShift, Inc. (United States), Infor (United States), SAP SE (Germany), Zoho Corporation (India), Expensify (United States), SumTotal Systems, Inc. (United States), Cast & Crew (United States) and MobileXpense (Belgium) etc.
2. What would be the Market Size of SaaS-Based Expense Management Market by 2026?
Analysts at AMA estimates SaaS-Based Expense Management Market to reach USDXXX by 2026.
3. Can we have customized study for SaaS-Based Expense Management Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.