This IDC study reviews the competitive market for travel and expense management software in 2015. The travel and expense management software market grew to $1.61 billion, an 8.8% increase over 2014's $1.48 billion. This is the first year that IDC is publishing a Market Share study covering the travel and expense management software market.
"Travel and expense management software is a competitive market within the broader financial application market. While travel and expense management solutions have long been treated as peripheral applications, the rise of SaaS has led to businesses investing more heavily in travel and expense management. Travel and expense management software are now easier to use across most device types, providing superior visibility into employees' spending habits in accordance to company policy." — Jordan Jewell, research analyst, Enterprise Applications and Digital Commerce