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The Latin America, Middle East and Africa Travel & Expense Management Software Market would witness market growth of 14.4% CAGR during the forecast period (2017-2023). Travel and expense management software finds it adoption in enterprises, largely to manage and audit employee-initiated expenses such as travel and entertainment. The implementation of the software helps in controlling and monitoring expense showcasing reports, and as result, managing the business processes efficiently, and also controlling fraudulent activities. The software helps in gaining more visibility on all the claims and bring in efficient management of reimbursement claims. The major factor driving the travel and expense management software market is unprecedented growth in the adoption of mobile devices such as smartphones, tablets, laptops and others. It has helped in booking tickets online, changing flights, and locating luggage and can submitting expenses sheet from a mobile device to the enterprises.
Based on Deployment Types, the market report segments the market into Cloud Based and On Premise. Based on Verticals, the Latin America, Middle East and Africa Travel & Expense Management Software market segments the market into Transportation & Logistics, Government & Defense, Energy & Utilities, Healthcare, Retail, Telecom & IT, Manufacturing, and Others. Based on Countries, the Latin America, Middle East and Africa Travel & Expense Management Software market segments the market into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the Latin America, Middle East and Africa Travel & Expense Management Software Market. Key companies profiled in the report include Oracle Corporation, Apptricity Corp., SAP SE (Concur), Basware, Expensify, Chrome River Technologies, Infor, Inc., Coupa Software, Trippeo Technologies, and Ariett.