Travel Management Software Market Research Report - Global Forecast to 2027

Travel Management Software Market: BY Component (Solutions and Services), Deployment (On-Premise and On-Cloud), Industry (Manufacturing, Transportation, Retail & Logistics, Healthcare, and Energy), Application (Internet, Mobile Applications, and Computer system) – Global Forecast to 2027

ID: MRFR/ICT/3743-HCR | February 2021 | Region: Global | 100 pages

Impact of COVID-19 on the Travel Management Software Market
Travel Management Software Market


The outbreak of COVID-19 has caused an unprecedented global emergency, which has negatively impacted a multitude of industries, especially the travel & tourism industry. The hotels are closed, airplanes not allowed to fly, and various travel restrictions are being put in place across all the countries. The COVID-19 pandemic has caused a more significant setback to the tourism industry even when compared with the SARS epidemic of 2003 or the global economic crisis of 2009. All the countries across the globe have imposed international as well as domestic travel restrictions in response to the pandemic, thereby impacting the growth rate of the travel management software market.


Due to the pandemic, a majority of the enterprises have canceled business meetings, conferences, trade shows, and have imposed restrictions on business and personal travel. Enterprises have modified their travel safety and security policies for the safety of their employees. Professionals are working from home and are using videoconferencing for meetings, due to which there has been a decrease in international as well as domestic travel. With non-essential business travel being restricted, employers have made business travel approvals more stringent, thereby affecting the demand for travel management software. According to the World Tourism Organization (UNWTO), a specialized agency of the United Nations, the COVID-19 pandemic has resulted in a decrease of 22% in international tourist arrivals in Q1 2020. The tourist arrival rate further decreased by 57% in March following the start of the lockdown in many countries, widespread travel restrictions, and the shutdown of airports and national borders which has translated into a sharp decline in the demand for travel management software for leisure as well as commercial purposes during the Q1 2020.
Q1 2020


Depending upon the speed of containment, the duration of travel restrictions, the shutdown of borders, and the global economic recession, the market scenario for travel management software remains highly uncertain during 2020. The travel management software market was highly affected in Asia-Pacific, followed by Europe, North America, the Middle East & Africa, and South America. Countries around the globe are implementing various measures to mitigate the impact of the COVID-19 pandemic and to stimulate the recovery of the global tourism industry. The time required by the market to gain traction depends upon the lifting of travel restrictions and lockdown measures, consumer and business confidence to resume travel, change in the travel behavior, the global economic impact, and government initiatives to support the tourism industry. According to MRFR analysis, the demand for travel management software is expected to decrease sharply in the 1Q of 2020, followed by a further decline in the 2Q of 2020. However, the market is expected to resume steady growth by the 1Q of 2021.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Travel Management Software Market

5 Industry Overview of Global Travel Management Software Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Travel Management Software Market by Component

7.1 Introduction

7.2 Solution

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Services

7.3.1 Introduction

7.3.2 Professional Services

7.3.2.1 Market Estimates & Forecast, 2020-2027

7.3.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3.3 Managed Services

7.3.3.1 Market Estimates & Forecast, 2020-2027

7.3.3.2 Market Estimates & Forecast by Region, 2020-2027

8 Global Travel Management Software Market by Deployment

8.1 Introduction

8.2 On-Premises

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 On-cloud

8.3 1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

9 Global Travel Management Software Market by Industry

9.1 Introduction

9.2 Manufacturing

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Region, 2020-2027

9.3 Transportation

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Region, 2020-2027

9.4 Retail and Logistics

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Region, 2020-2027

9.5 Healthcare

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Region, 2020-2027

9.6 Energy

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Region, 2020-2027.

10 Global Travel Management Software Market by Organization

10.1 Introduction

10.2 Large Enterprises

10.2.1 Market Estimates & Forecast, 2020-2027

10.2.2 Market Estimates & Forecast by Region, 2020-2027

10.3 Small and Medium enterprises

10 3 1 Market Estimates & Forecast, 2020-2027

10.3.2 Market Estimates & Forecast by Region, 2020-2027

11 Global Travel Management Software Market by Application.

11.1 Introduction

11.2 Internet

11.2.1 Market Estimates & Forecast, 2020-2027

11.2.2 Market Estimates & Forecast by Region, 2020-2027

11.3 Mobile Applications

11.3 1 Market Estimates & Forecast, 2020-2027

11.3.2 Market Estimates & Forecast by Region, 2020-2027

11.4 Computer System

11.3 1 Market Estimates & Forecast, 2020-2027

11.3.2 Market Estimates & Forecast by Region, 2020-2027.

12. Global Travel Management Software Market by Region

12.1 Introduction

12.2 North America

12.2.1 Market Estimates & Forecast, 2020-2027

12.2.2 Market Estimates & Forecast by Component, 2020-2027

12.2.3 Market Estimates & Forecast by Deployment, 2020-2027

12.2.4 Market Estimates & Forecast by Application, 2020-2027

12.2.5 Market Estimates & Forecast by Industry, 2020-2027

12.2.6 Market Estimates & Forecast by organization, 2020-2027

12.2.7 U.S.

12.2.7.1 Market Estimates & Forecast, 2020-2027

12.2.7.2 Market Estimates & Forecast by Component, 2020-2027

12.2.7.3 Market Estimates & Forecast by Deployment, 2020-2027

12.2.7.4 Market Estimates & Forecast by Application, 2020-2027

12.2.7.5 Market Estimates & Forecast by Industry, 2020-2027

12.2.7.6 Market Estimates & Forecast by organization, 2020-2027

12.2.8 Canada

12.2.8.1 Market Estimates & Forecast, 2020-2027

12.2.8.2 Market Estimates & Forecast by Component, 2020-2027

12.2.8.3 Market Estimates & Forecast by Deployment, 2020-2027

12.2.8.4 Market Estimates & Forecast by Application, 2020-2027

12.2.8.5 Market Estimates & Forecast by Industry, 2020-2027

12.2.8.6 Market Estimates & Forecast by organization, 2020-2027

12.3 Europe

12.3.1 Market Estimates & Forecast, 2020-2027

12.3.2 Market Estimates & Forecast by Component, 2020-2027

12.3.3 Market Estimates & Forecast by Deployment, 2020-2027

12.3.4 Market Estimates & Forecast by Application, 2020-2027

12.3.6.5 Market Estimates & Forecast by Industry, 2020-2027

12.3.6.6Market Estimates & Forecast by organization, 2020-2027

12.3.7 Germany

12.3.7.1 Market Estimates & Forecast, 2020-2027

12.3.7.2 Market Estimates & Forecast by Component, 2020-2027

12.3.7.3 Market Estimates & Forecast by Deployment, 2020-2027

12.3.7.4 Market Estimates & Forecast by Application, 2020-2027

12.3.7.5 Market Estimates & Forecast by Industry, 2020-2027

12.3.7.6 Market Estimates & Forecast by organization, 2020-2027

12.3.8. France

12.3.8.1 Market Estimates & Forecast, 2020-2027

12.3.8.2 Market Estimates & Forecast by Component, 2020-2027

12.3.8.3 Market Estimates & Forecast by Deployment, 2020-2027

12.3.8.4 Market Estimates & Forecast by Application, 2020-2027

12.3.8.5 Market Estimates & Forecast by Industry, 2020-2027

12.3.8.5 Market Estimates & Forecast by organization, 2020-2027

12.3.9. U.K

12.3.9.1 Market Estimates & Forecast, 2020-2027

12.3.9.2 Market Estimates & Forecast by Component, 2020-2027

12.3.9.3 Market Estimates & Forecast by Deployment, 2020-2027

12.3.9.4 Market Estimates & Forecast by Application, 2020-2027

12.3.9.5 Market Estimates & Forecast by Industry, 2020-2027

12.3.9.6 Market Estimates & Forecast by organization, 2020-2027

12.4 Asia Pacific

12.4.1 Market Estimates & Forecast, 2020-2027

12.4.2 Market Estimates & Forecast by Component, 2020-2027

12 4.3 Market Estimates & Forecast by Deployment, 2020-2027

12.4.4 Market Estimates & Forecast by Application, 2020-2027

12.4.5 Market Estimates & Forecast by Industry, 2020-2027

12.4.6 Market Estimates & Forecast by organization, 2020-2027

12.4.5 China

12.4.5.1 Market Estimates & Forecast, 2020-2027

12.4.5.2 Market Estimates & Forecast by Component, 2020-2027

12.4.5.3 Market Estimates & Forecast by Deployment, 2020-2027

12.4.5.4 Market Estimates & Forecast by Application, 2020-2027

12.4.5.5 Market Estimates & Forecast by Industry, 2020-2027

12.4.5.6Market Estimates & Forecast by organization, 2020-2027

12.4.6 India

12 4.6.1 Market Estimates & Forecast, 2020-2027

12.4.6.2 Market Estimates & Forecast by Component, 2020-2027

12.4.6.3 Market Estimates & Forecast by Deployment, 2020-2027

12.4.6.4 Market Estimates & Forecast by Application, 2020-2027

12.4.6.5 Market Estimates & Forecast by Industry, 2020-2027

12.4.6.6Market Estimates & Forecast by organization, 2020-2027

12.4.7 Japan

12.4.7.1 Market Estimates & Forecast, 2020-2027

12.4.7.2 Market Estimates & Forecast by Component, 2020-2027

12.4.7.3 Market Estimates & Forecast by Deployment, 2020-2027

12.4.7.4 Market Estimates & Forecast by Application, 2020-2027

12.4.7.5 Market Estimates & Forecast by Industry, 2020-2027

12.4.7.6 Market Estimates & Forecast by organization, 2020-2027

12.4.8 Rest of Asia Pacific

12.4.8.1 Market Estimates & Forecast, 2020-2027

12.4.8.2 Market Estimates & Forecast by Component, 2020-2027

12.4.8.3 Market Estimates & Forecast by Deployment, 2020-2027

12.4.8.4 Market Estimates & Forecast by Application, 2020-2027

12.4.8.5 Market Estimates & Forecast by Industry, 2020-2027

12.4.8.6 Market Estimates & Forecast by organization, 2020-2027

12.5 Rest of the World

12.5.1 Market Estimates & Forecast, 2020-2027

12.5.2 Market Estimates & Forecast by Component, 2020-2027

12.5.3 Market Estimates & Forecast by Deployment, 2020-2027

12.5.4 Market Estimates & Forecast by Application, 2020-2027

12.5.5 Market Estimates & Forecast by Industry, 2020-2027

12.5.6 Market Estimates & Forecast by organization, 2020-2027

12.5.7 Middle East & Africa

12.5.7.1 Market Estimates & Forecast, 2020-2027

12 5.7.2 Market Estimates & Forecast by Component, 2020-2027

12.5.7.3 Market Estimates & Forecast by Deployment, 2020-2027

12.5.7.4 Market Estimates & Forecast by Application, 2020-2027

12.5.7.5 Market Estimates & Forecast by Industry, 2020-2027

12.5.7.6 Market Estimates & Forecast by organization, 2020-2027

12.5.8 Latin Countries

12.5.8.1 Market Estimates & Forecast, 2020-2027

12.5.8.2 Market Estimates & Forecast by Component, 2020-2027

12.5.8.3 Market Estimates & Forecast by Deployment, 2020-2027

12.5.8.4 Market Estimates & Forecast by Application, 2020-2027

12.5.8.5 Market Estimates & Forecast by Industry, 2020-2027

12.5.8.6Market Estimates & Forecast by organization, 2020-2027

13. Company Landscape

14. Company Profiles

14.1 Concur (SAP) (U.S.)

14.1.1 Company Overview

14 1.2 Product/Business Segment Overview

14.1.3 Financial Updates

14.1.4 Key Developments

14.2 Certify (Portland)

14.2.1 Company Overview

14.2.2 Product/Business Segment Overview

14.2.3 Financial Updates

14.2.4 Key Developments

14.3 Expensify (US)

14.3.1 Company Overview

14.3.2 Product/Business Segment Overview

14.3 3 Financial Updates

14.3.4 Key Developments

14.4 Chrome River Technologies (US)

14.4.1 Company Overview

14.4.2 Product/Business Segment Overview

14.4 3 Financial Updates

14.4.4 Key Developments

14.5 Infor(US)

14.5.1 Company Overview

14.5.2 Product/Business Segment Overview

14.5.3 Financial Updates

14.5.4 Key Developments

14.6 Appricity Corporation (US)

14.6.1 Company Overview

14.6.2 Product/Business Segment Overview

14.6.3 Financial Updates

14.6.4 Key Developments

14.7 Ariett (US))

14.7.1 Company Overview

14.7.2 Product/Business Segment Overview

14.7.3 Financial Updates

14.7 4 Key Developments

14.8 Basware (Finland)

14.8.1 Company Overview

14.8.2 Product/Business Segment Overview

14.8 3 Financial Updates

14.8.4 Key Developments

14.9 Expense 8 (Australia)

14.9.1 Company Overview

14.9.2 Product/Business Segment Overview

14.9.3 Financial Updates

14.9.4 Key Developments

14.10 Fraedom (U.K)

14.10.1 Company Overview

14.10.2 Product/Business Segment Overview

14.10.3 Financial Updates

14.10.4 Key Developments

14.14 Oracle Corporation (Calfornia, U.S.)

14.11.1 Company Overview

11.11.2 Product/Business Segment Overview

14.11.3 Financial Updates

14.11 4 Key Developments

14.12. NetSuite (U.S.)

14.12.1 Company Overview

14.12.2 Product/Business Segment Overview

14.12.3 Financial Updates

14.12.4 Key Developments

14.13 Skyjunxion, (Beirut)

14.13.1 Company Overview

14.13.2 Product/Business Segment Overview

14.13.3 Financial Updates

14.13.4 Key Developments

14.14 Trippeo Technologies (Canada)

14.14.1 Company Overview

14.14.2 Product/Business Segment Overview

14.14.3 Financial Updates

14.14 4 Key Developments

14.15 Insperity (U.S.)

14.15 1 Company Overview

14.15 2 Product/Business Segment Overview

14.15.3 Financial Updates

14.15.4 Key Developments

14.16 Interpix, (U.S.)

14.16.1 Company Overview

14.16.2 Product/Business Segment Overview

14.16.3 Financial Updates

14.16.4 Key Developments

14.17 Unit 4 (Netherlands)

14.17.1 Company Overview

14.17.2 Product/Business Segment Overview

14.17.3 Financial Updates

14.17.4 Key Developments

14.18 Nexonia (Canada)

14.18.1 Company Overview

14.18.2 Product/Business Segment Overview

14.18.3 Financial Updates

14.17.4 Key Developments

14.19 Paychex (U.S).

14.19.1 Company Overview

14.19.2 Product/Business Segment Overview

14.19.3 Financial Updates

14.19 4 Key Developments

15 Conclusion

LIST OF TABLES

Table1 World Population by Major Regions (2020-2027)

Table2 Global Travel Management Software Market: By Region, 2020-2027

Table3 North America Travel Management Software Market: By Country, 2020-2027

Table4 Europe Travel Management Software Market: By Country, 2020-2027

Table5 Asia-Pacific Travel Management Software Market: By Country, 2020-2027

Table6 Middle East & Africa Travel Management Software Market: By Country, 2020-2027

Table7 Latin America Travel Management Software Market: By Country, 2020-2027

Table8 Global Travel Management Software by Component Market: By Regions, 2020-2027

Table9 North America Travel Management Software by Component Market: By Country, 2020-2027

Table10 Europe Travel Management Software by Component Market: By Country, 2020-2027

Table11 Asia-Pacific Travel Management Software by Component Market: By Country, 2020-2027

Table12 Middle East & Africa Travel Management Software by Component Market: By Country, 2020-2027

Table13 Latin America Travel Management Software by Component Market: By Country, 2020-2027

Table14 Global Travel Management Software by Industry Market: By Regions, 2020-2027

Table15 North America Travel Management Software by Industry Market: By Country, 2020-2027

Table16 Europe Travel Management Software by Industry Market: By Country, 2020-2027

Table17 Asia-Pacific Travel Management Software by Industry Market: By Country, 2020-2027

Table18 Middle East & Africa Travel Management Software by Industry Market: By Country, 2020-2027

Table19 Latin America Travel Management Software by Industry Market: By Country, 2020-2027

Table20 North America Travel Management Software for Industry Market: By Country, 2020-2027

Table21 Europe Travel Management Software for Industry Market: By Country, 2020-2027

Table22 Asia-Pacific Travel Management Software for Industry Market: By Country, 2020-2027

Table23 Middle East & Africa Travel Management Software for Industry Market: By Country, 2020-2027

Table24 Global Component Market: By Region, 2020-2027

Table25 Global Industry Market By Region, 2020-2027

Table26 Global Industry Market By Region, 2020-2027

Table27 North America Travel Management Software Market, By Country

Table28 North America Travel Management Software Market, By Component

Table29 North America Travel Management Software Market, By Deployment

Table30 Europe Travel Management Software Market, By Deployment

Table31 Europe Travel Management Software Market, By Component

Table32 Asia-Pacific Travel Management Software Market, By Country

Table33 Asia-Pacific Travel Management Software Market, By Component

Table34 Asia-Pacific Travel Management Software Market, By Deployment

Table35 Middle East & Africa: Travel Management Software Market, By Country

Table36 Middle East & Africa Travel Management Software Market, By Component

Table37 Middle East & Africa Travel Management Software Market, By Deployment

Table38 Latin America: Travel Management Software Market, By Country

Table39 Latin America Travel Management Software Market, By Component

Table40 Latin America Travel Management Software Market, By Deployment

LIST OF FIGURES

FIGURE 1 Global Travel Management Software market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Travel Management Software Market

FIGURE 4 Value Chain of Global Travel Management Software Market

FIGURE 5 Share of Global Travel Management Software Market in 2020, by country (in %)

FIGURE 6 Global Travel Management Software Market, 2020-2027,

FIGURE 7 Sub segments of Component

FIGURE 8 Global Travel Management Software Market size by Component, 2020

FIGURE 8 Share of Global Travel Management Software Market by Component, 2020-2027

FIGURE 9 Global Travel Management Software Market size by Deployment, 2020

FIGURE 10 Share of Global Travel Management Software Market by Deployment, 2020-2027

FIGURE 11 Global Travel Management Software Market size by Industry, 2020

FIGURE 12 Share of Global Travel Management Software Market by Industry, 2020-2027