Global Business Spend Management Software Market Research Report 2023

Business Spend Management Software Market

Business Spend Management (BSM) is a unified set of business processes, supported by software, that encompass procurement, invoice management and expense management—all the ways employees spend money—as well as the related processes of contract lifecycle management, supplier information management, inventory, advanced sourcing, budgeting, and analytics

The global Business Spend Management Software market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

North American market for Business Spend Management Software is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

Asia-Pacific market for Business Spend Management Software is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The global market for Business Spend Management Software in Large Enterprises is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The key global companies of Business Spend Management Software include Tradogram, TradeGecko, Procurify, Orderhive, Bellwether, AvidXchange, SAP, Oracle and IBM, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Business Spend Management Software, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Business Spend Management Software.

The Business Spend Management Software market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Business Spend Management Software market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Business Spend Management Software companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Scope of Business Spend Management Software Market Report

Core Chapters

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Business Spend Management Software Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 Cloud-based

1.2.3 On-premise

1.3 Market by Application

1.3.1 Global Business Spend Management Software Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 Large Enterprises

1.3.3 SMEs

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Business Spend Management Software Market Perspective (2018-2029)

2.2 Business Spend Management Software Growth Trends by Region

2.2.1 Global Business Spend Management Software Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Business Spend Management Software Historic Market Size by Region (2018-2023)

2.2.3 Business Spend Management Software Forecasted Market Size by Region (2024-2029)

2.3 Business Spend Management Software Market Dynamics

2.3.1 Business Spend Management Software Industry Trends

2.3.2 Business Spend Management Software Market Drivers

2.3.3 Business Spend Management Software Market Challenges

2.3.4 Business Spend Management Software Market Restraints

3.1 Global Top Business Spend Management Software Players by Revenue

3.1.1 Global Top Business Spend Management Software Players by Revenue (2018-2023)

3.1.2 Global Business Spend Management Software Revenue Market Share by Players (2018-2023)

3.2 Global Business Spend Management Software Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Business Spend Management Software Revenue

3.4 Global Business Spend Management Software Market Concentration Ratio

3.4.1 Global Business Spend Management Software Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Business Spend Management Software Revenue in 2022

3.5 Business Spend Management Software Key Players Head office and Area Served

3.6 Key Players Business Spend Management Software Product Solution and Service

3.7 Date of Enter into Business Spend Management Software Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Business Spend Management Software Historic Market Size by Type (2018-2023)

4.2 Global Business Spend Management Software Forecasted Market Size by Type (2024-2029)

5.1 Global Business Spend Management Software Historic Market Size by Application (2018-2023)

5.2 Global Business Spend Management Software Forecasted Market Size by Application (2024-2029)

6.1 North America Business Spend Management Software Market Size (2018-2029)

6.2 North America Business Spend Management Software Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Business Spend Management Software Market Size by Country (2018-2023)

6.4 North America Business Spend Management Software Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe Business Spend Management Software Market Size (2018-2029)

7.2 Europe Business Spend Management Software Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Business Spend Management Software Market Size by Country (2018-2023)

7.4 Europe Business Spend Management Software Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific Business Spend Management Software Market Size (2018-2029)

8.2 Asia-Pacific Business Spend Management Software Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Business Spend Management Software Market Size by Region (2018-2023)

8.4 Asia-Pacific Business Spend Management Software Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America Business Spend Management Software Market Size (2018-2029)

9.2 Latin America Business Spend Management Software Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Business Spend Management Software Market Size by Country (2018-2023)

9.4 Latin America Business Spend Management Software Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa Business Spend Management Software Market Size (2018-2029)

10.2 Middle East & Africa Business Spend Management Software Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Business Spend Management Software Market Size by Country (2018-2023)

10.4 Middle East & Africa Business Spend Management Software Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 Tradogram

11.1.1 Tradogram Company Detail

11.1.2 Tradogram Business Overview

11.1.3 Tradogram Business Spend Management Software Introduction

11.1.4 Tradogram Revenue in Business Spend Management Software Business (2018-2023)

11.1.5 Tradogram Recent Development

11.2 TradeGecko

11.2.1 TradeGecko Company Detail

11.2.2 TradeGecko Business Overview

11.2.3 TradeGecko Business Spend Management Software Introduction

11.2.4 TradeGecko Revenue in Business Spend Management Software Business (2018-2023)

11.2.5 TradeGecko Recent Development

11.3 Procurify

11.3.1 Procurify Company Detail

11.3.2 Procurify Business Overview

11.3.3 Procurify Business Spend Management Software Introduction

11.3.4 Procurify Revenue in Business Spend Management Software Business (2018-2023)

11.3.5 Procurify Recent Development

11.4 Orderhive

11.4.1 Orderhive Company Detail

11.4.2 Orderhive Business Overview

11.4.3 Orderhive Business Spend Management Software Introduction

11.4.4 Orderhive Revenue in Business Spend Management Software Business (2018-2023)

11.4.5 Orderhive Recent Development

11.5 Bellwether

11.5.1 Bellwether Company Detail

11.5.2 Bellwether Business Overview

11.5.3 Bellwether Business Spend Management Software Introduction

11.5.4 Bellwether Revenue in Business Spend Management Software Business (2018-2023)

11.5.5 Bellwether Recent Development

11.6 AvidXchange

11.6.1 AvidXchange Company Detail

11.6.2 AvidXchange Business Overview

11.6.3 AvidXchange Business Spend Management Software Introduction

11.6.4 AvidXchange Revenue in Business Spend Management Software Business (2018-2023)

11.6.5 AvidXchange Recent Development

11.7 SAP

11.7.1 SAP Company Detail

11.7.2 SAP Business Overview

11.7.3 SAP Business Spend Management Software Introduction

11.7.4 SAP Revenue in Business Spend Management Software Business (2018-2023)

11.7.5 SAP Recent Development

11.8 Oracle

11.8.1 Oracle Company Detail

11.8.2 Oracle Business Overview

11.8.3 Oracle Business Spend Management Software Introduction

11.8.4 Oracle Revenue in Business Spend Management Software Business (2018-2023)

11.8.5 Oracle Recent Development

11.9 IBM

11.9.1 IBM Company Detail

11.9.2 IBM Business Overview

11.9.3 IBM Business Spend Management Software Introduction

11.9.4 IBM Revenue in Business Spend Management Software Business (2018-2023)

11.9.5 IBM Recent Development

11.10 Advanced

11.10.1 Advanced Company Detail

11.10.2 Advanced Business Overview

11.10.3 Advanced Business Spend Management Software Introduction

11.10.4 Advanced Revenue in Business Spend Management Software Business (2018-2023)

11.10.5 Advanced Recent Development

11.11 Sievo

11.11.1 Sievo Company Detail

11.11.2 Sievo Business Overview

11.11.3 Sievo Business Spend Management Software Introduction

11.11.4 Sievo Revenue in Business Spend Management Software Business (2018-2023)

11.11.5 Sievo Recent Development

11.12 Empronc

11.12.1 Empronc Company Detail

11.12.2 Empronc Business Overview

11.12.3 Empronc Business Spend Management Software Introduction

11.12.4 Empronc Revenue in Business Spend Management Software Business (2018-2023)

11.12.5 Empronc Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global Business Spend Management Software Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of Cloud-based

    Table 3. Key Players of On-premise

    Table 4. Global Business Spend Management Software Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 5. Global Business Spend Management Software Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 6. Global Business Spend Management Software Market Size by Region (2018-2023) & (US$ Million)

    Table 7. Global Business Spend Management Software Market Share by Region (2018-2023)

    Table 8. Global Business Spend Management Software Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 9. Global Business Spend Management Software Market Share by Region (2024-2029)

    Table 10. Business Spend Management Software Market Trends

    Table 11. Business Spend Management Software Market Drivers

    Table 12. Business Spend Management Software Market Challenges

    Table 13. Business Spend Management Software Market Restraints

    Table 14. Global Business Spend Management Software Revenue by Players (2018-2023) & (US$ Million)

    Table 15. Global Business Spend Management Software Market Share by Players (2018-2023)

    Table 16. Global Top Business Spend Management Software Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Business Spend Management Software as of 2022)

    Table 17. Ranking of Global Top Business Spend Management Software Companies by Revenue (US$ Million) in 2022

    Table 18. Global 5 Largest Players Market Share by Business Spend Management Software Revenue (CR5 and HHI) & (2018-2023)

    Table 19. Key Players Headquarters and Area Served

    Table 20. Key Players Business Spend Management Software Product Solution and Service

    Table 21. Date of Enter into Business Spend Management Software Market

    Table 22. Mergers & Acquisitions, Expansion Plans

    Table 23. Global Business Spend Management Software Market Size by Type (2018-2023) & (US$ Million)

    Table 24. Global Business Spend Management Software Revenue Market Share by Type (2018-2023)

    Table 25. Global Business Spend Management Software Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 26. Global Business Spend Management Software Revenue Market Share by Type (2024-2029)

    Table 27. Global Business Spend Management Software Market Size by Application (2018-2023) & (US$ Million)

    Table 28. Global Business Spend Management Software Revenue Market Share by Application (2018-2023)

    Table 29. Global Business Spend Management Software Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 30. Global Business Spend Management Software Revenue Market Share by Application (2024-2029)

    Table 31. North America Business Spend Management Software Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 32. North America Business Spend Management Software Market Size by Country (2018-2023) & (US$ Million)

    Table 33. North America Business Spend Management Software Market Size by Country (2024-2029) & (US$ Million)

    Table 34. Europe Business Spend Management Software Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 35. Europe Business Spend Management Software Market Size by Country (2018-2023) & (US$ Million)

    Table 36. Europe Business Spend Management Software Market Size by Country (2024-2029) & (US$ Million)

    Table 37. Asia-Pacific Business Spend Management Software Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 38. Asia-Pacific Business Spend Management Software Market Size by Region (2018-2023) & (US$ Million)

    Table 39. Asia-Pacific Business Spend Management Software Market Size by Region (2024-2029) & (US$ Million)

    Table 40. Latin America Business Spend Management Software Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 41. Latin America Business Spend Management Software Market Size by Country (2018-2023) & (US$ Million)

    Table 42. Latin America Business Spend Management Software Market Size by Country (2024-2029) & (US$ Million)

    Table 43. Middle East & Africa Business Spend Management Software Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 44. Middle East & Africa Business Spend Management Software Market Size by Country (2018-2023) & (US$ Million)

    Table 45. Middle East & Africa Business Spend Management Software Market Size by Country (2024-2029) & (US$ Million)

    Table 46. Tradogram Company Detail

    Table 47. Tradogram Business Overview

    Table 48. Tradogram Business Spend Management Software Product

    Table 49. Tradogram Revenue in Business Spend Management Software Business (2018-2023) & (US$ Million)

    Table 50. Tradogram Recent Development

    Table 51. TradeGecko Company Detail

    Table 52. TradeGecko Business Overview

    Table 53. TradeGecko Business Spend Management Software Product

    Table 54. TradeGecko Revenue in Business Spend Management Software Business (2018-2023) & (US$ Million)

    Table 55. TradeGecko Recent Development

    Table 56. Procurify Company Detail

    Table 57. Procurify Business Overview

    Table 58. Procurify Business Spend Management Software Product

    Table 59. Procurify Revenue in Business Spend Management Software Business (2018-2023) & (US$ Million)

    Table 60. Procurify Recent Development

    Table 61. Orderhive Company Detail

    Table 62. Orderhive Business Overview

    Table 63. Orderhive Business Spend Management Software Product

    Table 64. Orderhive Revenue in Business Spend Management Software Business (2018-2023) & (US$ Million)

    Table 65. Orderhive Recent Development

    Table 66. Bellwether Company Detail

    Table 67. Bellwether Business Overview

    Table 68. Bellwether Business Spend Management Software Product

    Table 69. Bellwether Revenue in Business Spend Management Software Business (2018-2023) & (US$ Million)

    Table 70. Bellwether Recent Development

    Table 71. AvidXchange Company Detail

    Table 72. AvidXchange Business Overview

    Table 73. AvidXchange Business Spend Management Software Product

    Table 74. AvidXchange Revenue in Business Spend Management Software Business (2018-2023) & (US$ Million)

    Table 75. AvidXchange Recent Development

    Table 76. SAP Company Detail

    Table 77. SAP Business Overview

    Table 78. SAP Business Spend Management Software Product

    Table 79. SAP Revenue in Business Spend Management Software Business (2018-2023) & (US$ Million)

    Table 80. SAP Recent Development

    Table 81. Oracle Company Detail

    Table 82. Oracle Business Overview

    Table 83. Oracle Business Spend Management Software Product

    Table 84. Oracle Revenue in Business Spend Management Software Business (2018-2023) & (US$ Million)

    Table 85. Oracle Recent Development

    Table 86. IBM Company Detail

    Table 87. IBM Business Overview

    Table 88. IBM Business Spend Management Software Product

    Table 89. IBM Revenue in Business Spend Management Software Business (2018-2023) & (US$ Million)

    Table 90. IBM Recent Development

    Table 91. Advanced Company Detail

    Table 92. Advanced Business Overview

    Table 93. Advanced Business Spend Management Software Product

    Table 94. Advanced Revenue in Business Spend Management Software Business (2018-2023) & (US$ Million)

    Table 95. Advanced Recent Development

    Table 96. Sievo Company Detail

    Table 97. Sievo Business Overview

    Table 98. Sievo Business Spend Management Software Product

    Table 99. Sievo Revenue in Business Spend Management Software Business (2018-2023) & (US$ Million)

    Table 100. Sievo Recent Development

    Table 101. Empronc Company Detail

    Table 102. Empronc Business Overview

    Table 103. Empronc Business Spend Management Software Product

    Table 104. Empronc Revenue in Business Spend Management Software Business (2018-2023) & (US$ Million)

    Table 105. Empronc Recent Development

    Table 106. Research Programs/Design for This Report

    Table 107. Key Data Information from Secondary Sources

    Table 108. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global Business Spend Management Software Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global Business Spend Management Software Market Share by Type: 2022 VS 2029

    Figure 3. Cloud-based Features

    Figure 4. On-premise Features

    Figure 5. Global Business Spend Management Software Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 6. Global Business Spend Management Software Market Share by Application: 2022 VS 2029

    Figure 7. Large Enterprises Case Studies

    Figure 8. SMEs Case Studies

    Figure 9. Business Spend Management Software Report Years Considered

    Figure 10. Global Business Spend Management Software Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 11. Global Business Spend Management Software Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 12. Global Business Spend Management Software Market Share by Region: 2022 VS 2029

    Figure 13. Global Business Spend Management Software Market Share by Players in 2022

    Figure 14. Global Top Business Spend Management Software Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Business Spend Management Software as of 2022)

    Figure 15. The Top 10 and 5 Players Market Share by Business Spend Management Software Revenue in 2022

    Figure 16. North America Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 17. North America Business Spend Management Software Market Share by Country (2018-2029)

    Figure 18. United States Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 19. Canada Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 20. Europe Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 21. Europe Business Spend Management Software Market Share by Country (2018-2029)

    Figure 22. Germany Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 23. France Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 24. U.K. Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 25. Italy Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 26. Russia Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 27. Nordic Countries Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 28. Asia-Pacific Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. Asia-Pacific Business Spend Management Software Market Share by Region (2018-2029)

    Figure 30. China Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 31. Japan Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 32. South Korea Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 33. Southeast Asia Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 34. India Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 35. Australia Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. Latin America Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. Latin America Business Spend Management Software Market Share by Country (2018-2029)

    Figure 38. Mexico Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 39. Brazil Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 40. Middle East & Africa Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 41. Middle East & Africa Business Spend Management Software Market Share by Country (2018-2029)

    Figure 42. Turkey Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 43. Saudi Arabia Business Spend Management Software Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 44. Tradogram Revenue Growth Rate in Business Spend Management Software Business (2018-2023)

    Figure 45. TradeGecko Revenue Growth Rate in Business Spend Management Software Business (2018-2023)

    Figure 46. Procurify Revenue Growth Rate in Business Spend Management Software Business (2018-2023)

    Figure 47. Orderhive Revenue Growth Rate in Business Spend Management Software Business (2018-2023)

    Figure 48. Bellwether Revenue Growth Rate in Business Spend Management Software Business (2018-2023)

    Figure 49. AvidXchange Revenue Growth Rate in Business Spend Management Software Business (2018-2023)

    Figure 50. SAP Revenue Growth Rate in Business Spend Management Software Business (2018-2023)

    Figure 51. Oracle Revenue Growth Rate in Business Spend Management Software Business (2018-2023)

    Figure 52. IBM Revenue Growth Rate in Business Spend Management Software Business (2018-2023)

    Figure 53. Advanced Revenue Growth Rate in Business Spend Management Software Business (2018-2023)

    Figure 54. Sievo Revenue Growth Rate in Business Spend Management Software Business (2018-2023)

    Figure 55. Empronc Revenue Growth Rate in Business Spend Management Software Business (2018-2023)

    Figure 56. Bottom-up and Top-down Approaches for This Report

    Figure 57. Data Triangulation

    Figure 58. Key Executives Interviewed