TECH SUPPLIER Jun 2020 - Market Forecast - Doc # US46530020
Worldwide Travel and Expense Management Software Forecast, 2020–2024: Pandemic Impacts Travel and Reshapes Expense Management
By: Kevin PermenterResearch Manager, Enterprise Applications, Mickey North RizzaProgram Vice President, Enterprise Applications and Digital Commerce, Jordan JewellResearch Manager, Digital Commerce and Enterprise Applications
This IDC study examines the market for travel and expense (T&E) management software, which is expected to see solid growth despite industrywide impacts of the COVID-19 crisis. The crisis is expected to accelerate the adoption of cloud travel and expense management software relative to on-premises and private cloud deployments.
"In so many ways, the events associated with the coronavirus outbreak have highlighted the need for transparency, flexibility, and visibility for every customer. Duty of care, safety, and spend management all were highlighted. It will be the vendors with the right mix of functionality and flexibility that will be best positioned for growth," said Kevin M. Permenter, research manager for Enterprise Applications with IDC.
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