Travel Management Software Market Registering a 10.5% CAGR During The Forecast Period 2022- 2030

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Travel management software is a type of software that helps businesses and organizations plan, book, and manage their travel arrangements.

Market Research Future Insights

According to MRFR analysis, the global Travel Management Software market size is expected to register a CAGR of 10.5% from 2020 to 2030 and hold a value of over USD 17.4 billion by 2030.

Travel management software is a type of software that helps businesses and organizations plan, book, and manage their travel arrangements. It typically includes features such as the ability to search and compare prices for flights, hotels, and rental cars; the ability to book and pay for travel online; and tools for managing and tracking travel expenses. Some travel management software also includes features for scheduling and coordinating travel, such as the ability to create itineraries and share them with team members. The COVID-19 pandemic has had a significant impact on the travel industry, and as a result, it has also had an impact on the use of travel management software. Many businesses have had to significantly reduce or cancel their travel plans due to government restrictions on travel and public gatherings, as well as concerns about the transmission of the virus. This has led to a decrease in demand for travel and a decrease in the use of travel management software. In addition, the economic downturn resulting from the pandemic may have also contributed to a reduction in business travel.

Regional Analysis

North America is expected to be the largest travel management software market and may witness significant growth over the forecast period. The reason attributed to this is the presence of tech giants in the region, as well as the rising number of small startups in developing economies like China, India, and Singapore.

Market Segmentation

The Global Travel Management Software Market has been segmented into component, deployment, and industry.

Based on the component, the market has been segmented into Solutions and Services.

Based on the deployment, the market has been segmented into On-Premise and On-Cloud.

Based on the industry, the market has been segmented into Manufacturing, Transportation, Retail Logistics, Healthcare, and Energy.

Key Players

Some of the key market players are APPRICITY Corporation, ARIETT, BASWARE DATABASIC, Expense 8, FRAEDOM, Oracle Corporation, NetSuite, SKYJUNXION, TRIPPEO Technologies, INSPERITY, INTERPIX, Unit 4, NEXONIA, Paychex.

Browse Full Report Details: https://www.marketresearchfuture.com/reports/travel-management-software-market-5181

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