North America Travel and Expense Management Software Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis

August 2025 | 180 pages | ID: NA81221EAD88EN
The Insight Partners

US$ 3,450.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
The North America travel and expense management software market was valued at approximately $1.37 billion in 2023 and is projected to grow to around $4.02 billion by 2031, reflecting a compound annual growth rate (CAGR) of 14.4% during the forecast period.

Increasing Demand for Real-Time Tracking Solutions

The rising need for real-time travel and expense tracking solutions is a significant driver of growth in the North American market. Companies are increasingly seeking software that enhances agility and transparency in financial operations. Real-time tracking allows businesses to manage budgets proactively by providing immediate insights into spending. Employees can utilize mobile applications to photograph receipts and quickly capture expense information, facilitating instant recording and submission. This capability minimizes the risk of lost receipts and streamlines the approval and reimbursement processes. Additionally, real-time tracking software provides finance teams with current data, enabling them to swiftly identify any discrepancies and ensure compliance with corporate policies. This software also aids in accurate financial forecasting and offers a continuous overview of financial commitments.

The demand for such real-time expense tracking solutions is on the rise globally. Business professionals are increasingly looking for comprehensive travel platforms, prompting market players to enhance their expense management offerings based on customer needs. For example, in July 2024, BCD Travel Services B.V. launched GetGoing, an all-in-one travel platform designed for small and medium-sized enterprises. This platform digitizes expenses, eliminates paper usage, and promotes seamless travel and expense experiences. It features a dashboard with key metrics and travel data insights, including real-time information categorized by traveler, date, and location, empowering businesses to optimize their travel budgets and save time.

Overview of the North America Market

The North American travel and expense management software market is divided into three main regions: Canada, the US, and Mexico. Over the past decade, sectors such as IT and telecom, manufacturing, and tourism have experienced significant growth in North America, driven by technological advancements, increased demand for digitization, and the implementation of advanced software solutions. The rise in both domestic and international employee travel, coupled with simplified claims and reimbursement processes facilitated by travel and expense management software, is propelling market growth. Furthermore, the robust tourism industry in the US is a key factor, as it significantly contributes to the GDP and encourages the adoption of user-friendly software solutions by tour operators.

Market Segmentation Analysis


The North America travel and expense management software market is segmented by deployment mode, organization size, industry, and country:
  • Deployment Mode: The market is divided into on-premises and cloud solutions, with the cloud segment holding a larger market share in 2023.
  • Organization Size: The market is categorized into large enterprises and small to medium enterprises, with large enterprises dominating the market share in 2023.
  • Industry: The market is segmented into various industries, including BFSI (Banking, Financial Services, and Insurance), IT and Telecom, manufacturing, healthcare, government and defense, retail, transport and logistics, among others. The BFSI sector accounted for the largest share in 2023.
  • Country: The market is further segmented into the US, Canada, and Mexico, with the US holding the largest share in 2023.
Key Players in the Market

Several prominent companies are operating in the North American travel and expense management software market, including:
  • Basware Corporation
  • Coupa Software Inc
  • DATABASICS Inc
  • Ellucian Company LLC
  • Emburse, Inc.
  • Expensify, Inc
  • Fyle Technologies Private Limited
  • GB Business Global
  • Global Business Travel Group Inc
  • Infor Inc
  • Kissflow Inc
  • Navan, Inc.
  • Oracle Corp
  • Oversight, Inc
  • SAP SE
  • TravelPerk S.L.U.
  • VA Tech Ventures Private Limited (Happay)
  • VV Finly Technology Pvt Ltd
  • Zaggle Prepaid Ocean Services Limited
  • Zoho Corp Pvt Ltd
These companies are at the forefront of developing innovative solutions that cater to the evolving needs of businesses in managing travel and expenses efficiently.
1. INTRODUCTION

1.1 Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Secondary Research
3.2 Primary Research
  3.2.1 Hypothesis formulation:
  3.2.2 Macro-economic factor analysis:
  3.2.3 Developing base number:
  3.2.4 Data Triangulation:
  3.2.5 Country level data:

4. NORTH AMERICA TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET LANDSCAPE

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
  4.3.1 List of Vendors in the Value Chain
4.4 Top Trends in Travel and Expense Management Software
  4.4.1 Cloud Based Solutions
  4.4.2 Mobile Expense Management
  4.4.3 AI and Machine Learning Integration
  4.4.4 Enhanced Policy Compliance and Fraud Detection
  4.4.5 Internet of Things and Expense Tracking

5. NORTH AMERICA TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET – KEY MARKET DYNAMICS

5.1 North America Travel and Expense Management Software Market – Key Market Dynamics
5.2 Market Drivers
  5.2.1 Growing Demand for Real-Time Travel and Expense Tracking Software
  5.2.2 Increasing Adoption of Cloud-Based Expense Management Software
  5.2.3 Growing Focus on Product Development
5.3 Market Restraints
  5.3.1 Growing Data Security Concerns Among Customers
5.4 Market Opportunities
  5.4.1 Development of AI-Powered Travel and Expense Management Software
5.5 Future Trends
  5.5.1 Expanding Travel Tech Companies Worldwide
5.6 Impact of Drivers and Restraints:

6. NORTH AMERICA TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET – ANALYSIS

6.1 North America Travel and Expense Management Software Market Revenue (US$ Million), 2021–2031
6.2 North America Travel and Expense Management Software Market Forecast Analysis

7. NORTH AMERICA TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET ANALYSIS – BY DEPLOYMENT MODE

7.1 On-Premise
  7.1.1 Overview
  7.1.2 On-Premise: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
7.2 Cloud
  7.2.1 Overview
  7.2.2 Cloud: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)

8. NORTH AMERICA TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET ANALYSIS – BY ORGANIZATION SIZE

8.1 Large Enterprises
  8.1.1 Overview
  8.1.2 Large Enterprises: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
8.2 Small and Medium Enterprises
  8.2.1 Overview
  8.2.2 Small and Medium Enterprises: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)

9. NORTH AMERICA TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET ANALYSIS – BY INDUSTRY

9.1 BFSI
  9.1.1 Overview
  9.1.2 BFSI: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.2 IT and Telecom
  9.2.1 Overview
  9.2.2 IT and Telecom: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.3 Manufacturing
  9.3.1 Overview
  9.3.2 Manufacturing: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.4 Healthcare
  9.4.1 Overview
  9.4.2 Healthcare: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.5 Government and Defense
  9.5.1 Overview
  9.5.2 Government and Defense: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.6 Retail
  9.6.1 Overview
  9.6.2 Retail: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.7 Transport and Logistics
  9.7.1 Overview
  9.7.2 Transport and Logistics: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.8 Others
  9.8.1 Overview
  9.8.2 Others: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)

10. NORTH AMERICA TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET – COUNTRY ANALYSIS

10.1 North America
  10.1.1 North America Travel and Expense Management Software Market – Revenue and Forecast Analysis – by Country
    10.1.1.1 North America Travel and Expense Management Software Market – Revenue and Forecast Analysis – by Country
    10.1.1.2 United States: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
    10.1.1.2.1 United States: North America Travel and Expense Management Software Market Share – by Deployment Mode
    10.1.1.2.2 United States: North America Travel and Expense Management Software Market Share – by Organization Size
    10.1.1.2.3 United States: North America Travel and Expense Management Software Market Share – by Industry
    10.1.1.3 Canada: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
    10.1.1.3.1 Canada: North America Travel and Expense Management Software Market Share – by Deployment Mode
    10.1.1.3.2 Canada: North America Travel and Expense Management Software Market Share – by Organization Size
    10.1.1.3.3 Canada: North America Travel and Expense Management Software Market Share – by Industry
    10.1.1.4 Mexico: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
    10.1.1.4.1 Mexico: North America Travel and Expense Management Software Market Share – by Deployment Mode
    10.1.1.4.2 Mexico: North America Travel and Expense Management Software Market Share – by Organization Size
    10.1.1.4.3 Mexico: North America Travel and Expense Management Software Market Share – by Industry

11. COMPETITIVE LANDSCAPE

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning and Concentration

12. INDUSTRY LANDSCAPE

12.1 Overview
12.2 Market Initiative
12.2 New Product Development
12.3 Mergers & Acquisitions

13. COMPANY PROFILES

13.1 Basware Corporation
  13.1.1 Key Facts
  13.1.2 Business Description
  13.1.3 Products and Services
  13.1.4 Financial Overview
  13.1.5 SWOT Analysis
  13.1.6 Key Developments
13.2 Coupa Software Inc
  13.2.1 Key Facts
  13.2.2 Business Description
  13.2.3 Products and Services
  13.2.4 Financial Overview
  13.2.5 SWOT Analysis
  13.2.6 Key Developments
13.3 DATABASICS Inc.
  13.3.1 Key Facts
  13.3.2 Business Description
  13.3.3 Products and Services
  13.3.4 Financial Overview
  13.3.5 SWOT Analysis
  13.3.6 Key Developments
13.4 Kissflow Inc
  13.4.1 Key Facts
  13.4.2 Business Description
  13.4.3 Products and Services
  13.4.4 Financial Overview
  13.4.5 SWOT Analysis
  13.4.6 Key Developments
13.5 Navan, Inc.
  13.5.1 Key Facts
  13.5.2 Business Description
  13.5.3 Products and Services
  13.5.4 Financial Overview
  13.5.5 SWOT Analysis
  13.5.6 Key Developments
13.6 Expensify, Inc.
  13.6.1 Key Facts
  13.6.2 Business Description
  13.6.3 Products and Services
  13.6.4 Financial Overview
  13.6.5 SWOT Analysis
  13.6.6 Key Developments
13.7 Infor Inc
  13.7.1 Key Facts
  13.7.2 Business Description
  13.7.3 Products and Services
  13.7.4 Financial Overview
  13.7.5 SWOT Analysis
  13.7.6 Key Developments
13.8 GB Business Global
  13.8.1 Key Facts
  13.8.2 Business Description
  13.8.3 Products and Services
  13.8.4 Financial Overview
  13.8.5 SWOT Analysis
  13.8.6 Key Developments
13.9 Oracle Corp
  13.9.1 Key Facts
  13.9.2 Business Description
  13.9.3 Products and Services
  13.9.4 Financial Overview
  13.9.5 SWOT Analysis
  13.9.6 Key Developments
13.10 SAP SE
  13.10.1 Key Facts
  13.10.2 Business Description
  13.10.3 Products and Services
  13.10.4 Financial Overview
  13.10.5 SWOT Analysis
  13.10.6 Key Developments
13.11 Zoho Corp Pvt Ltd
  13.11.1 Key Facts
  13.11.2 Business Description
  13.11.3 Products and Services
  13.11.4 Financial Overview
  13.11.5 SWOT Analysis
  13.11.6 Key Developments
13.12 Global Business Travel Group Inc
  13.12.1 Key Facts
  13.12.2 Business Description
  13.12.3 Products and Services
  13.12.4 Financial Overview
  13.12.5 SWOT Analysis
  13.12.6 Key Developments
13.13 VA Tech Ventures Private Limited ("Happay")
  13.13.1 Key Facts
  13.13.2 Business Description
  13.13.3 Products and Services
  13.13.4 Financial Overview
  13.13.5 SWOT Analysis
  13.13.6 Key Developments
13.14 VV Finly Technology Pvt Ltd
  13.14.1 Key Facts
  13.14.2 Business Description
  13.14.3 Products and Services
  13.14.4 Financial Overview
  13.14.5 SWOT Analysis
  13.14.6 Key Developments
13.15 Oversight, Inc.
  13.15.1 Key Facts
  13.15.2 Business Description
  13.15.3 Products and Services
  13.15.4 Financial Overview
  13.15.5 SWOT Analysis
  13.15.6 Key Developments
13.16 TravelPerk S.L.U.
  13.16.1 Key Facts
  13.16.2 Business Description
  13.16.3 Products and Services
  13.16.4 Financial Overview
  13.16.5 SWOT Analysis
  13.16.6 Key Developments
13.17 Zaggle Prepaid Ocean Services Limited
  13.17.1 Key Facts
  13.17.2 Business Description
  13.17.3 Products and Services
  13.17.4 Financial Overview
  13.17.5 SWOT Analysis
  13.17.6 Key Developments
13.18 Fyle Technologies Private Limited
  13.18.1 Key Facts
  13.18.2 Business Description
  13.18.3 Products and Services
  13.18.4 Financial Overview
  13.18.5 SWOT Analysis
  13.18.6 Key Developments
13.19 Emburse, Inc.
  13.19.1 Key Facts
  13.19.2 Business Description
  13.19.3 Products and Services
  13.19.4 Financial Overview
  13.19.5 SWOT Analysis
  13.19.6 Key Developments
13.20 Ellucian Company LLC
  13.20.1 Key Facts
  13.20.2 Business Description
  13.20.3 Products and Services
  13.20.4 Financial Overview
  13.20.5 SWOT Analysis
  13.20.6 Key Developments

14. APPENDIX

14.1 Glossary
14.2 About The Insight Partners
LIST OF TABLES

Table 1. North America Travel and Expense Management Software Market Segmentation
Table 2. List of Vendors
Table 3. North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Table 4. North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Deployment Mode
Table 5. North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Organization Size
Table 6. North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Industry
Table 7. North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Country
Table 8. United States: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Deployment Mode
Table 9. United States: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Organization Size
Table 10. United States: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Industry
Table 11. Canada: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Deployment Mode
Table 12. Canada: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Organization Size
Table 13. Canada: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Industry
Table 14. Mexico: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Deployment Mode
Table 15. Mexico: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Organization Size
Table 16. Mexico: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021 – 2031 (US$ Million) – by Industry
Table 17. List of Abbreviation
LIST OF FIGURES

Figure 1. North America Travel and Expense Management Software Market Segmentation – Country
Figure 2. PEST Analysis
Figure 3. Ecosystem Analysis
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Travel and Expense Management Software Market Revenue (US$ Million), 2021–2031
Figure 6. North America Travel and Expense Management Software Market Share (%) – by Deployment Mode (2023 and 2031)
Figure 7. On-Premise: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 8. Cloud: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 9. North America Travel and Expense Management Software Market Share (%) – by Organization Size (2023 and 2031)
Figure 10. Large Enterprises: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 11. Small and Medium Enterprises: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 12. North America Travel and Expense Management Software Market Share (%) – by Industry (2023 and 2031)
Figure 13. BFSI: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 14. IT and Telecom: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 15. Manufacturing: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 16. Healthcare: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 17. Government and Defense: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 18. Retail: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 19. Transport and Logistics: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 20. Others: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 21. North America Travel and Expense Management Software Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 22. United States: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 23. Canada: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 24. Mexico: North America Travel and Expense Management Software Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 25. Heat Map Analysis by Key Players
Figure 26. Company Positioning and Concentration


More Publications