GITNUX MARKETDATA REPORT 2024

Expense Management Software Industry Statistics

The global expense management software industry is expected to grow at a CAGR of X% from 2021 to 2026, driven by increasing adoption of digital solutions for efficient finance management across businesses of all sizes.

Statistic 1

"Market is expected to reach USD 11,279.69 million by 2026, registering a CAGR of 9.7% in 2021-2026."

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Statistic 2

"Almost 80% of the expense management market is dominated by the Top 20 vendors."

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Statistic 3

"Web and mobile application-based platforms form approximately 65% of the expense management software market."

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Statistic 4

"The Asia Pacific expense management software market is anticipated to grow at the highest CAGR of 12.8% during the forecast period (2021-2026)."

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Statistic 5

"The mid-sized enterprises market segment is projected to grow at the fastest CAGR of 12% in the global expense management software market during 2021-2026."

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Statistic 6

"Small businesses are the fastest-growing segment, with a CAGR of 11.1% from 2021 to 2026."

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Statistic 7

"The integration of AI with Expense Management Software can reduce manual data entry up to 80%."

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Statistic 8

"Approximately 50% of businesses still use spreadsheets for expense management."

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Statistic 9

"The Latin America, Middle East, and Africa region projected to grow at a significant CAGR of 10.2% during the period 2021-2026."

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Statistic 10

"Expense report errors have reduced by 60% after businesses adopted an expense management solution."

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Statistic 11

"Automated expense management can help businesses save up to $31 per expense report."

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Statistic 12

"In North America, 52% of companies had plans to increase investment in expense management systems in 2020."

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