Worldwide Travel and Expense Management Software Forecast, 2021–2025: Post-Pandemic Promises Renewed Growth Opportunities

Worldwide Travel and Expense Management Software Forecast, 2021–2025: Post-Pandemic Promises Renewed Growth Opportunities

This IDC study examines the market for travel and expense (T&E) management software, which is expected to see solid growth despite industrywide impacts of the COVID-19 crisis. The crisis is expected to accelerate the adoption of cloud travel and expense management software relative to on-premises and private cloud deployments."Driven by vaccination progress and the removal of travel restrictions, we expect to see a slow but steady return to pre-pandemic business travel through the forecast period. Vendors that have invested in their platforms adding greater policy management and analytics are well position for growth going forward," said Kevin M. Permenter, research manager for Enterprise Applications with IDC.

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