target audience: TECH SUPPLIER Publication date: Aug 2024 - Document type: Market Share - Doc Document number: # US51658524
Worldwide Travel and Expense Management Software Market Shares, 2023: Resurgence of Business Travel Heralds a New Chapter in Travel and Expense Software
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Abstract
This IDC study reviews the competitive market for travel and expense (T&E) management software for 2023.
"In a world in which digital meetings were poised to dominate, the unexpected resurgence of business travel heralds a new chapter, emphasizing the irreplaceable value of human connection amidst rising costs and economic uncertainties. This revival not only challenges past predictions but also underscores the enduring importance of face-to-face interactions in fostering business relationships and driving companies and the travel industry to adapt and innovate in a landscape filled with both opportunities and obstacles," said Kevin Permenter, senior director, Enterprise Applications at IDC.