Travel Management Software Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Component (Solutions, Services), By Deployment (On-Premise, On-Cloud), By Industry (Manufacturing, Transportation, Retail & Logistics, Healthcare, Energy), By Region & Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 10.27 Billion
CAGR (2026-2031)	10.72%
Fastest Growing Segment	On-Cloud
Largest Market	North America
Market Size (2031)	USD 18.92 Billion

Market Overview

The Global Travel Management Software Market will grow from USD 10.27 Billion in 2025 to USD 18.92 Billion by 2031 at a 10.72% CAGR. Travel Management Software is a comprehensive digital platform that enables organizations to book, track, and analyze corporate travel activities while ensuring adherence to company policies and expense limits. The market is primarily supported by the critical need for operational cost optimization and the escalating emphasis on duty of care obligations to guarantee employee safety during transit. Furthermore, the demand for streamlined workflows, achieved through the seamless synchronization of booking tools with automated expense reporting systems, continues to propel adoption across multinational enterprises seeking centralized control over their travel logistics.

However, a significant challenge impeding broader market expansion is the technical complexity and high cost associated with integrating these modern platforms into entrenched legacy IT infrastructures. This barrier often creates resistance to adoption among firms with limited resources or rigid technological environments. According to the Global Business Travel Association, in 2025, global business travel spending is projected to reach $1.57 trillion, a figure that underscores the immense financial volume these software solutions must manage despite the logistical and economic hurdles facing the industry.

Key Market Drivers

The surge in global corporate travel and business tourism acts as a primary catalyst for the market, necessitating digital systems to manage increasing transaction volumes and logistical complexities. As organizations resume international operations, the scale of expenditure requires automated solutions to maintain visibility and control. According to the World Travel & Tourism Council (WTTC), October 2024, in the '2024 Economic Impact Trends Report', global business travel spending was projected to reach $1.5 trillion in 2024, surpassing pre-pandemic levels. This financial rebound drives enterprises to adopt software that can handle high-frequency bookings while addressing critical traveler concerns. According to SAP Concur, in 2024, 44% of business travelers expressed willingness to decline a business trip due to safety concerns about the destination, highlighting the market necessity for platforms incorporating real-time risk assessment and duty of care features.

Simultaneously, the integration of AI and machine learning is transforming travel management platforms from static booking tools into predictive, personalized assistants. Vendors are embedding generative AI to automate itinerary creation and optimize costs, directly addressing the demand for operational efficiency. According to Amadeus, October 2024, in the report 'Navigating the Future: How Generative Artificial Intelligence is transforming the travel industry', 46% of travel technology leaders cited Generative AI as a top priority for 2025, emphasizing the sector's strategic shift. These capabilities allow software to process vast datasets for tailored recommendations, ensuring that the technology not only manages the logistical surge but also improves compliance and user satisfaction through intelligent automation.

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Key Market Challenges

The primary challenge hampering the growth of the Global Travel Management Software Market is the technical complexity and substantial expense associated with integrating modern platforms into legacy IT infrastructures. Many organizations operate on entrenched, rigid systems that lack interoperability with agile, cloud-based travel solutions. This incompatibility necessitates costly and time-consuming customization, creating a high barrier to entry for firms with limited IT budgets or complex internal networks. Consequently, potential clients often resist adoption or delay modernization efforts, fearing that the disruption to existing workflows will outweigh the immediate benefits of automation.

This technical fragmentation significantly restricts the market's addressable base, as evidenced by the low rates of successful system synchronization. According to the Global Business Travel Association, in 2025, only 14% of travel buyers indicated that their company's travel and meetings programs were mostly integrated. This statistic highlights the prevalence of siloed operations, where data does not flow seamlessy between booking tools and internal management systems. As long as these integration hurdles persist, they will effectively cap market expansion by preventing enterprises from realizing the centralized control and efficiency that drive the value proposition of these software solutions.

Key Market Trends

The integration of granular carbon footprint tracking is becoming a non-negotiable requirement as enterprises strive to meet rigorous ESG mandates. Travel management platforms are shifting from simple reporting to active abatement tools, offering features like green listing for hotels and carbon budgeting at the point of sale to influence traveler behavior. This functionality allows organizations to audit Scope 3 emissions with precision, moving beyond basic estimates to actual data provided by suppliers. According to Hospitality Net, November 2025, in the article 'Corporations Stay the Course on Sustainable Business Travel but Struggle to Progress in High Impact Areas', the GBTA Foundation reported that the maturity score for sustainable travel policies rose to 2.2 in 2025 from 1.8 the previous year, evidencing the growing reliance on software to operationalize sustainability strategies.

The adoption of New Distribution Capability (NDC) standards is reshaping inventory management by enabling airlines to distribute dynamic, personalized offers directly to corporate buyers. This shift forces software vendors to re-engineer their aggregation engines to consume fragmented content sources, ensuring that users retain access to the full spectrum of fares and ancillary services like extra baggage or premium seating. As legacy EDIFACT content shrinks, the ability to seamlessly display and book NDC content has become a primary competitive differentiator for platform providers. According to Business Travel News Europe, March 2025, in the article 'Amadeus sees 'gradual' NDC adoption as bookings rise', Amadeus reported that its air distribution revenue grew by 14% to €715.3 million in the fourth quarter of 2024, a financial performance driven partly by the rise of NDC-based transactions, highlighting the critical value of modern distribution connectivity.

Segmental Insights

The On-Cloud segment identifies as the fastest-growing category within the Global Travel Management Software Market, primarily driven by the increasing enterprise demand for cost-effective and scalable deployment models. This growth is attributed to the ability of cloud-based solutions to offer real-time accessibility across multiple devices, which is essential for managing corporate travel and expenses remotely. Furthermore, the reduced requirement for physical infrastructure and lower maintenance costs encourage organizations to transition away from on-premise systems. Consequently, the seamless integration capabilities with existing financial platforms sustain the accelerated adoption of cloud technology.

Regional Insights

North America maintains a leading position in the global travel management software market due to the extensive adoption of automated booking and expense solutions across the United States and Canada. The region benefits from a high concentration of established software vendors, fostering an environment conducive to rapid technological integration. Enterprises in this market prioritize digital tools to streamline complex itineraries and ensure strict adherence to corporate travel policies. Additionally, the substantial volume of business travel originating from this region necessitates robust management systems for cost visibility, further reinforcing North America's dominance in the sector.

Recent Developments

• In September 2025, American Express Global Business Travel completed its acquisition of CWT, a rival global business travel and meetings solutions provider. The transaction, valued at approximately $540 million on a cash-free and debt-free basis, was finalized after the company navigated necessary regulatory approvals. This strategic consolidation combined two leading entities in the Global Travel Management Software Market, granting CWT customers access to proprietary software platforms such as Neo and Egencia. The organization projected that the integration would generate approximately $155 million in annual synergies within three years, enhancing investment capacity for software and services while delivering greater value to corporate clients.
• In September 2025, Sabre Corporation launched its first suite of agentic artificial intelligence solutions designed to automate complex tasks within the Global Travel Management Software Market. These new tools utilized a proprietary Model Context Protocol server to function as a universal translator, enabling AI agents to shop, book, and service trips in real time without human intervention. The initiative focused on eliminating friction in the corporate travel process by handling duties such as flight disruptions and hotel operational requests autonomously. The company described this development as a transition from digital optimization to practical reality, positioning the technology to resolve persistent customer service pain points.
• In June 2024, TravelPerk acquired AmTrav, a technology-driven business travel platform based in the United States, to accelerate its expansion in the North American sector of the Global Travel Management Software Market. To finance this strategic move, the company secured a credit facility of up to €125 million from global asset managers. This acquisition was designed to double the company's revenue in the region and integrate proprietary technology and artificial intelligence capabilities from both entities. The organization announced that the US-based entity would retain its brand and team while leveraging broader resources to serve small and medium-sized businesses more effectively.
• In March 2024, SAP Concur entered into a strategic partnership with Mastercard to streamline expense management for businesses in the Global Travel Management Software Market. This collaboration involved a direct integration that allowed transactions made on Mastercard corporate cards to automatically populate within Concur Expense. The solution was designed to capture real-time spend data, thereby reducing the need for manual data entry and ensuring immediate alerts for missing information. By converging payment and expense processes, the companies aimed to assist finance teams in achieving higher compliance standards and improving the user experience for employees submitting expense reports.

Key Market Players

• SAP SE
• Amadeus IT Group
• SAP SE
• Travelport Worldwide Ltd.
• Sabre Corporation
• Carlson Wagonlit Travel (CWT)
• Expedia Group Company
• Oracle Corporation
• TripActions, Inc.
• Locomote Pty Ltd

By Component	By Deployment	By Industry	By Region
Solutions Services	On-Premise On-Cloud	Manufacturing Transportation Retail & Logistics Healthcare Energy	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Travel Management Software Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Travel Management Software Market, By Component:

• Solutions
• Services

• Travel Management Software Market, By Deployment:

• On-Premise
• On-Cloud

• Travel Management Software Market, By Industry:

• Manufacturing
• Transportation
• Retail & Logistics
• Healthcare
• Energy

• Travel Management Software Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE