Expense Management Market is forecasted to grow by USD 12.5 Billion during 2023-2029
Posted on Sep 14 2023 5:29 AM
"Expense Management Market Size, Share & COVID-19 Impact Analysis, By Type (Telecom/Mobile Expense Management and Cloud Expense Management), By Enterprise Type (Large Enterprises and Small & Medium Enterprises), By Industry (BFSI, Manufacturing, IT & Telecom, Healthcare, Hospitality, and Others), and Regional Forecast, 2022-2029 "
The global “Expense Management Market Size” is expected to rise with an impressive CAGR and generate the highest revenue by 2030. Fortune Business Insights™ in its latest report published this information. The report is titled "Expense Management Market Size, Share and Revenue Forecast, 2023-2029". The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period.
The global expense management market size was valued at USD 6.04 billion in 2021 and is projected to grow from USD 6.51 billion in 2022 to USD 12.05 billion by 2029, exhibiting a CAGR of 9.2% during the forecast period.
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- A comprehensive overview of the Expense Management Market
- Significant factors boosting, restricting, challenging and providing an opportunity to the market
- Key insights and major industry developments
- Significant players functioning in the Expense Management Market
- Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
- Other market trends
Rising Demand for Mobile Applications to Propel Market Progress
Rising demand for mobile applications and technological innovations is anticipated to drive the expense management market growth. The rising penetration of mobile devices and the popularity of cloud-based services are expected to drive market growth. Cloud-based technologies have increased the adoption rate of video conferencing among enterprises. There are improvements in telecom expenditure management such as the introduction of 5G networks and AI-driven automation technologies.
However, lack of inoperability and sometimes poor performance among vendors are expected to impede the market growth.
Regional Analysis for Expense Management Market :
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
The Expense Management Market research report offers a complete assessment of the industry. The projections included in the report have been determined utilizing demonstrated research philosophies and presumptions.
Expense Management Market Segments:
- Telecom/Mobile Expense Management
- Cloud Expense Management
By Enterprise Type
- Large Enterprises
- Small & Medium Enterprises
- IT & Telecom
- Others (Consumer Goods & Retail, Transportation & Logistics, Government)
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Top Smart Expense Management Market Size Manufacturers covered in the Market Report include:
- Vodafone Group Plc (U.K.)
- Tangoe (U.S.)
- Brightfin (U.S.)
- Tellennium (U.S.)
- Valicom (U.S.)
- Avotus (Canada)
- Calero-MDSL (U.S.)
- Cass Information Systems, Inc. (U.S.)
- Habble Srl (Italy)
- VoicePlus (Australia)
Some of the Key Questions Answered in this Report:
- Detailed Overview of the Expense Management Market will help deliver clients and businesses making strategies.
- Influencing factors that are thriving demand and latest trends running in the market.
- Expense Management Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
- What trends, challenges and barriers will impact the development and sizing of the Global Expense Management Market ?
- SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
- What is the Expense Management Market growth momentum or market carries during the forecast period?
- Which region may tap the highest market share in the coming era?
- Which application/end-user category or Product Type may seek incremental growth prospects?
- What focused approach and constraints are holding the Expense Management Market demand?
We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.
The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.
Major Table of Contents for Expense Management Market Research Report:
- Executive Summary
- Market Dynamics
- Key Expense Management Market Insights
- Global Market Analysis, Insights and Forecast
- North America Market Analysis, Insights and Forecast
- Europe Market Analysis, Insights and Forecast
- Asia Pacific Market Analysis, Insights and Forecast
- The Middle East and Africa Market Analysis, Insights and Forecast
- Latin America Market Analysis, Insights and Forecast
- Competitive Landscape
- Global Expense Management Market Revenue Share Analysis, By Key Players, 2023
- Company Profiles
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