As per MRFR analysis, the South Korea Travel Management Software Market Size was estimated at 162.22 (USD Million) in 2023. The South Korea Travel Management Software Market Industry is expected to grow from 176.88(USD Million) in 2024 to 547.(USD Million) by 2035. The South Korea Travel Management Software Market CAGR (growth rate) is expected to be around 10.823% during the forecast period (2025 - 2035).
Key South Korea Travel Management Software Market Trends Highlighted
The South Korea Travel Management Software Market is undergoing substantial changes as a result of numerous critical market drivers. The travel and tourism sector's rapid digitization is a significant factor in the notable drive, as numerous organizations are transitioning to automated systems to improve efficiency. Businesses are investing in travel management software to streamline reserving processes, manage employee travel more effectively, and maintain compliance with corporate travel policies, as the demand for seamless travel experiences continues to increase.Â
Companies have also begun to investigate comprehensive software solutions to manage employee travel, even when teams are distributed globally, in response to the increasing prevalence of remote work in South Korea.There is an abundance of opportunities in the South Korean market, particularly in light of the growing emphasis on corporate travel expenditure management. Businesses are seeking to improve their budget control, which presents a significant opportunity for travel management software developers to incorporate solutions that provide real-time data analytics and reporting solutions. This enables organizations to optimize their budgets and make well-informed decisions about their travel expenses.Â
Furthermore, the South Korean young workforce's increasing sophistication in technology and their propensity to adopt automated tools underscore a significant market imbalance that innovative travel management solutions can address.In response to the growing prevalence of smartphones among users, there has been a recent trend in South Korea toward mobile-first travel management solutions. In order to enhance the travel experience, companies are emphasizing the development of mobile applications that enable booking, itinerary administration, and real-time updates.Â
Furthermore, the significance of sustainability is growing, as there is a noticeable shift toward eco-friendly travel alternatives. This has prompted technology providers to integrate green travel policies into their software solutions. Collectively, these trends illustrate a dynamic and changing landscape in the South Korean Travel Management Software Market that endeavors to accommodate the requirements of contemporary enterprises and travelers.
Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review
South Korea Travel Management Software Market Drivers
Growing Digitalization in Travel Management
The . The South Korean government aims to enhance its digital economy, which is supported by the Digital New Deal initiative that was established to support the country's economic recovery post-COVID-19. In 2020, an increase of over 50% in digitalization investment was reported in the travel sector.Â
Major companies like Hana Tour and Mode Tour are investing heavily in advanced Travel Management Software to improve their service delivery and customer experience.This acceleration in digital transformation is expected to contribute a substantial share to the growth of the South Korea Travel Management Software Market, as businesses seek streamlined operations and improved efficiency in managing corporate travel.
Rising Corporate Travel Expenditures
The increase in corporate travel expenditures in South Korea serves as a critical driver for the South Korea Travel Management Software Market. In recent years, corporate travel expenditure in South Korea has grown significantly, with an estimated increase of around 22% post-pandemic as businesses resume their operations.Â
The South Korean corporate expenditure on travel is projected to reach USD 24 billion in the upcoming years, as per estimates from local business associations.This growth indicates a strong demand for efficient travel management software solutions that can help companies manage costs effectively, thus fostering the South Korea Travel Management Software Market.
Emphasis on Employee Safety and Compliance
With an increasing focus on employee safety and compliance during travel, businesses in South Korea are turning to advanced travel management software solutions. The global pandemic highlighted the importance of ensuring safety and compliance for traveling employees.Â
According to the Ministry of Employment and Labor in South Korea, around 80% of companies reported enhancing their travel policies to include safety protocols and compliance measures.This presents an opportunity for the South Korea Travel Management Software Market Industry as organizations look for software that can help them stay compliant and ensure employee safety during their travel excursions.
Integration of Artificial Intelligence and Automation
The integration of Artificial Intelligence (AI) and automation features in travel management software is emerging as a key driver for the South Korea Travel Management Software Market. Businesses in South Korea are increasingly leveraging AI technology to improve decision-making and optimize travel planning.Â
A survey by a leading South Korean technology association indicated that nearly 70% of travel management firms are planning to implement AI-driven functionalities in their systems.This advancement allows for enhanced forecasting, personalized travel recommendations, and the automation of routine tasks, which in turn drives market growth as companies adopt these sophisticated solutions to improve their operational efficiency.
Travel Management Software Market Component Insights
The South Korea Travel Management Software Market, particularly the Component segment, is characterized by an increasing focus on Solutions and Services that cater to the evolving needs of businesses and travelers. Solutions play a pivotal role in streamlining travel operations, enhancing efficiency through functionalities such as itinerary management, expense tracking, and real-time reporting, which enable organizations to optimize their travel expenditures. This focus on Solutions reflects a growing trend among South Korean businesses towards embracing technology that enhances operational efficiency while maximizing cost-effectiveness in travel planning.On the other hand, Services within this sector encompass a broad array of offerings including travel consultancy, support services, and customizations, which further assist companies in managing their travel policies and compliance.Â
The demand for these Services is driven by the complexity of travel arrangements and the need for personalized support in navigating the landscape of international travel, especially as organizations expand their operations globally. Moreover, the South Korean government's initiatives to promote tourism and facilitate business travel the importance of both Solutions and Services.As such, the market sees a significant contribution from businesses seeking to leverage innovative Travel Management Software in hopes of gaining a competitive edge.Â
In this context, the shift toward digital solutions and enhanced service offerings is viewed as critical for companies aiming to improve traveler satisfaction and operational efficiency. The dynamic nature of the travel industry, exacerbated by evolving consumer expectations and technological advancements, makes it imperative for providers in the South Korea Travel Management Software Market to remain agile and responsive to market demands.This evolving landscape presents numerous opportunities for innovation and growth, particularly for companies dedicated to developing sophisticated Solutions and delivering quality Services that meet the complex needs of today's travelers and businesses alike.
Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review
Travel Management Software Market Deployment Insights
The Deployment segment of the South Korea Travel Management Software Market is witnessing notable developments as organizations increasingly navigate their travel processes. With a growing emphasis on efficiency and cost optimization, both and On-Cloud deployments play crucial roles in this evolution. On-Premise solutions offer customizability and control, which is especially valued by larger enterprises handling sensitive data On-Cloud solutions provide flexibility and instant access to the latest features, appealing to small and medium-sized enterprises eager to streamline their travel management without significant upfront investment.
The rising trend of remote work has accelerated the adoption of On-Cloud solutions, as they facilitate access from various locations, aligning with the needs of a more mobile workforce. Additionally, the increasing reliance on real-time data analytics in the South Korean market enhances the attractiveness of software solutions that can be deployed rapidly, enabling organizations to respond promptly to changing travel dynamics. Overall, the Deployment segment is a critical area of interest, highlighting the diverse needs and strategies that organizations pursue to optimize their travel management processes in South Korea.
Travel Management Software Market Industry Insights
The South Korea Travel Management Software Market is segmented across various industries, each playing a vital role in the overall ecosystem. The manufacturing sector significantly influences the market due to the need for streamlined processes and seamless travel arrangements for operations and personnel. In the transportation industry, travel management software aids in optimizing logistics and scheduling, ensuring timely deliveries and efficient resource management. The retail sector thrives on travel management solutions to facilitate vendor and supplier interactions, making it easier to coordinate business travel.Logistics companies benefit from these software solutions by enhancing shipment tracking and route optimization, which is critical for reducing costs and improving service delivery.Â
The healthcare sector relies on these tools to manage complex travel schedules for medical professionals and patients, ensuring that necessary services are delivered efficiently. Meanwhile, the energy industry utilizes travel management software for project teams often deployed to various locations, allowing for better coordination and field operations. Each of these sectors harnesses the benefits of travel management software to improve efficiency, reduce costs, and enhance overall productivity.The continuous digital transformation trends observed in South Korea further drive the adoption of such technologies, fostering a more integrated approach to travel and management across these diverse industries.
Travel Management Software Market Application Insights
The South Korea Travel Management Software Market, particularly within the Application segment, showcases a diverse landscape that includes Internet platforms, Mobile Applications, and Computer Systems. The rapid digitization in South Korea propels the demand for these applications, with Internet platforms serving as a critical backbone for travel planning and booking processes. Mobile Applications gain significant traction due to the increasing reliance on smartphones for travel management, allowing users to manage their itineraries on the go and enhancing user experience with real-time updates.
Meanwhile, Computer Systems play a vital role in enterprise-level travel management solutions, providing businesses with comprehensive tools for itinerary management and expense tracking. The growing trends of remote working and digital transformation in South Korea foster opportunities for these segments, as organizations seek efficient travel solutions that align with their operational needs. Moreover, with rising tourism and business travel, the role of the Internet and mobile applications likely significantly, presenting growth opportunities for providers in the South Korea Travel Management Software Market.The continued investment in technology and the increasing adoption of cloud-based solutions further drive innovation and competition in this sector, reflecting how essential these applications are to streamline travel management and enhance user satisfaction.
South Korea Travel Management Software Market Key Players and Competitive Insights
The South Korea Travel Management Software Market has become increasingly competitive, driven by the growing demand for efficient travel solutions among both businesses and individual travelers. As organizations seek to optimize their travel expenses and enhance the overall experience for their employees, innovative software solutions are gaining traction. A surge in travel and tourism activities, combined with advancements in technology, has contributed to a shift towards automated systems that streamline the travel booking, expense reporting, and itinerary management processes. The evolving landscape has fostered a diverse array of software providers, each vying to capture market share through unique offerings and value propositions tailored to the local context.
In this highly competitive environment, SAP stands out as a significant player within the South Korea Travel Management Software Market. Its robust software solutions are designed to cater to the specific needs of businesses looking to manage their travel efficiently. SAP's strengths lie in its comprehensive features that integrate seamlessly with other enterprise systems, allowing for a unified approach to travel expenses and reporting.Â
The company has established a solid market presence supported by an extensive network of clients across various industries in South Korea. SAP's focus on continuous innovation, strong customer support, and localization of its software to meet regional business practices further solidified its position as a key competitor in the market, making it a trusted option for organizations seeking to enhance their travel management capabilities.
Egencia is advancing its position in South Korea’s travel management software market through its Global Alliance partnership with Sebang Travel, a well-established local travel management company. This collaboration enables Egencia to deliver localized content, regulatory compliance, and culturally adapted services while leveraging its advanced global technology platform.Â
The company’s integrated booking and expense tools provide South Korean corporate clients with streamlined travel planning, policy enforcement, and real-time reporting capabilities. Egencia’s platform supports multi-language functionality, including Korean, ensuring ease of use for local travelers. Its partnerships with global and domestic airlines, hotels, and rail operators enhance travel options and efficiency. By combining international best practices with strong local expertise, Egencia meets the needs of both multinational corporations and domestic enterprises seeking reliable, data-driven, and compliant travel management solutions in South Korea.
Key Companies in the South Korea Travel Management Software Market Include:
South Korea Travel Management Software Market Industry Developments
In recent months, the South Korea Travel Management Software Market has witnessed significant developments.
SAP Korea and CWT Korea signed a memorandum of understanding in June 2025 to formalize their collaboration. The agreement aims to enhance corporate travel services by integrating SAP's travel-expense technology with CWT's service expertise.Â
Amadeus extended its strategic alliance with Jeju Air in May 2025, thereby ensuring that the airline's full flight content is accessible through Amadeus's travel platform. This extension also advances the next-generation distribution standard, resulting in more personalized and comprehensive travel offerings.
South Korea Travel Management Software Market Segmentation Insights
Travel Management Software Market Component Outlook
Travel Management Software Market Deployment Outlook
Travel Management Software Market Industry Outlook
Travel Management Software Market Application Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 162.22(USD Million) |
| MARKET SIZE 2024 | 176.88(USD Million) |
| MARKET SIZE 2035 | 547.8(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 10.823% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | SAP, Expedia Group, Concur Technologies, BCD Travel, Sabre Corporation, Savioke, Carlson Wagonlit Travel, American Express Global Business Travel, Travelport, CWT, Amadeus IT Group, IBM, Lola.com, TripActions, Travel Leaders Group |
| SEGMENTS COVERED | Component, Deployment, Industry, Application |
| KEY MARKET OPPORTUNITIES | Rising corporate travel expenditure, Growing adoption of mobile solutions, Increased demand for automation, Shift towards sustainable travel practices, Expanding integration with AI technologies |
| KEY MARKET DYNAMICS | growing corporate travel expenditure, increasing demand for automation, focus on travel compliance, rise of mobile applications, need for data analytics |
| COUNTRIES COVERED | South Korea |
Frequently Asked Questions (FAQ):
The South Korea Travel Management Software Market is expected to be valued at 176.88 USD Million in 2024.
By 2035, the market is anticipated to reach a valuation of 547.8 USD Million.
The expected CAGR for the market during the forecast period is 10.823%.
The solutions segment is valued at 95.0 USD Million in 2024.
The services segment is expected to reach a valuation of 257.8 USD Million by 2035.
Major players include SAP, Expedia Group, Concur Technologies, and BCD Travel among others.
Increased business travel and the need for efficient travel management solutions are key growth drivers.
Challenges include competition among providers and evolving customer expectations.
Current global changes are influencing travel patterns and software demand in the market.
The market is projected to witness significant growth, driven by advancements in travel management technologies.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
