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The global travel and expense management software market analyst says one of latest trends in the market is broader access to travel and expense portal through mobile apps. Businesses need to stay connected around the clock. Mobile devices keep employees connected, and this has increased the demand for uninterrupted connectivity between corporate networks and the mobile devices of employees. This has also encouraged employees to use their personal portable devices such as cell phones, tablets, and laptops to access and store confidential information. The increasing adoption of mobile devices is a major trend witnessed in the global travel and expense management software market.Complete report on travel and expense management software market spread across 59 pages, analyzing 5 major companies and providing 28 data exhibits are now available at http://www.reportsnreports.com/reports/749310-global-travel-and-expense-management-software-market-2016-2020.html
The following companies are the key players in the global travel and expense management software market: Concur (SAP), Certify, Expensify, Chrome River Technologies, and Infor. Other prominent vendors in the market are: Apptricity, Ariett, Basware, Coupa Software, DATABASICS, Expense8, Fraedom, Insperity, InterplX, KDS, NetSuite, Nexonia, Nexstep Infotech, Oracle, Paychex, Serko, Skyjunxion, Tallie, Trippeo Technologies, Traveldoo SAS, TraveluXion, Unit4, and Virtual Communications.
According to the travel and expense management software market report, one of the primary drivers in the market is emergence of SaaS-based travel and expense management software. The global travel and expense management software market is currently witnessing the emergence of SaaS-based travel and expense management software. Large enterprises and SMEs need travel and expense management software to control and maintain the overall travel expenses and other expenses of each employee. With the emergence of cloud computing, many companies are attempting to move their informational data to a hosted system. SaaS-based travel and expense management software is cost effective as the installation and maintenance of these solutions do not require any extra cost. The major end-users for these solutions are SMEs. Order a copy of Global Travel and Expense Management Software Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=749310
North America accounted for the largest share of around 46 of the global travel and expense management software market. The economic recovery in North America such as falling unemployment rate and GDP growth as well as the continual rise of travel budgets and fewer travel restrictions affects the market growth. The European market is higly influenced by the growing awareness among end-users about the benefits of travel and expense management software such as better business continuity, approval, pre-trip authorization, reconciliation and expense reimbursement, and enhanced employee experience.
Global Travel and Expense Management Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report considers the revenue generated from the sales of travel and expense management software licenses, installation and implementation of software, training, maintenance, and subscriptions.
Further, the global travel and expense management software market report states that one major challenge in the market is shortage of skilled professionals. Implementing travel and expense management software in enterprises is very complex and requires extensive training for the end-users to understand its functions. Without proper training, employees are unable to operate the software.
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