SAP Retains #1 Market Share in Travel and Expense Management Software
According to IDC, SAP held 49.6% market share in travel and expense management software in 2023, up from 49.4% in 2022. GBTA data shows global business travel spending reached $1.03 trillion in 2022 and is projected to hit a record $1.48 trillion in 2024. SAP Concur processed over 1 billion expense line items in the past year.
Impact and considerations
SAP Concur's market leadership and the rebound in business travel spending indicate strong corporate travel demand and growing need for travel management solutions.
Key points
- SAP held 49.6% market share in 2023, retaining #1.
- Global business travel spending projected to reach $1.48 trillion in 2024.
- SAP Concur processed over 1 billion expense line items.
- Business travel rebound drives demand for T&E software.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 25 Sept 2024, 18:15
- Page published
- 14 Aug 2026, 08:12
- Last updated
- 25 Sept 2024, 18:15
- Original links
- SAP Concur Blog：SAP Retains #1 2023 Market Share in Travel and Expense Management Software (opens in a new tab)Primary source · en · Published 25 Sept 2024, 18:15