SAP Retains #1 2023 Market Share in Travel and Expense Management Software
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SAP Concur's market leadership indicates widespread adoption of its solutions. Growth in business travel spending signals industry recovery, and companies should focus on travel management efficiency.
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- SAP Concur BlogSAP Retains #1 with 49.6% Share in 2023 T&E Management Software Market
SAP Concur announced that according to IDC, SAP retained the No. 1 ranking with 49.6% of 2023 market share for travel and expense management software, up from 49.4% in 2022. GBTA data shows global business travel spending reached $1.03 trillion at the end of 2022, 72% of the $1.43 trillion pre-pandemic high. GBTA's 2024 outlook projects global spending will reach a record $1.48 trillion by the end of 2024. In the past year, more than 1 billion expense line items were processed in Concur Expense. SAP experienced 14% year-over-year revenue growth in 2023.