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Australia Total Spend Management Market Size, Share, Trends: By Deployment: Cloud-based, On-premises; By Enterprise: Small & Medium Enterprises, Large Enterprise; By Application: Manufacturing, Healthcare, BFSI, IT and Telecom, Hospitality, Retail, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Australia Total Spend Management Market Outlook
The Australia total spend management market size reached USD 176.87 million in 2023. The market is expected to grow at a CAGR of 7.65% between 2024 and 2032, reaching USD 343.15 million by 2032.
Key Takeaways
- As per the Australian Banking Association, Australia total spend management market development is bolstered by the presence of 95 banking institutions in 2023.
- As indicated by the Australian Institute of Health and Welfare, in 2021–22, Australia had 697 public hospitals.
- According to the Australia Prudential Regulation Authority, the general insurance sector recorded a net profit after tax of $4.6 billion and a return on net assets of 14.2% for the fiscal year ending on 30 June 2023.
Cloud-based deployment contributes to the growth of Australia total spend management market by eliminating the requirement for significant hardware or infrastructure investments
Cloud-based total spend management software leverages subscription models with scalability remote accessibility features. It offers swift deployment and automated updates with seamless collaboration, and disaster recovery functionality.
In October 2023, Protiviti enhanced its finance and procurement operations by partnering with Apptio, a tech spend management provider. This collaboration integrates ApptioOne for IT expense analysis and Cloudability for cloud app expenses, establishing Protiviti as a preferred implementer.
On-premises total spend management offers local storage, providing control, customization, data security, compliance adherence, potential cost savings, improved performance, data sovereignty, and autonomy from internet outages.
Market Segmentation
Australia Total Spend Management Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Deployment
- Cloud-based
- On-premises
Market Breakup by Enterprise
- Small & Medium Enterprises
- Large Enterprise
Market Breakup by Application
- Manufacturing
- Healthcare
- BFSI
- IT and Telecom
- Hospitality
- Retail
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
The Australia total spend management market key players are Volopay Pty Ltd., Budgetly Pty Ltd., ELMO Software Pty Ltd., Weel Holdings Pty Ltd., Rippling People Center Inc., Concur Technologies, Inc., and Cape Pty Ltd. among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Deployment |
|
| Breakup by Enterprise |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Total Spend Management Market Overview
8.1 Key Industry Highlights
8.2 Australia Total Spend Management Historical Market (2018-2023)
8.3 Australia Total Spend Management Market Forecast (2024-2032)
9 Australia Total Spend Management Market by Deployment
9.1 Cloud-based
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 On-premises
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Australia Total Spend Management Market by Enterprise
10.1 Small & Medium Enterprises
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Large Enterprise
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Australia Total Spend Management Market by Application
11.1 Manufacturing
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Healthcare
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 BFSI
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 IT and Telecom
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Hospitality
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Retail
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Others
12 Australia Total Spend Management Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Volopay Pty Ltd.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Budgetly Pty Ltd.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 ELMO Software Pty Ltd.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Weel Holdings Pty Ltd.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Rippling People Center Inc.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Concur Technologies, Inc.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Cape Pty Ltd.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Total Spend Management Market: Key Industry Highlights, 2018 and 2032
2. Australia Total Spend Management Historical Market: Breakup by Deployment (USD Million), 2018-2023
3. Australia Total Spend Management Market Forecast: Breakup by Deployment (USD Million), 2024-2032
4. Australia Total Spend Management Historical Market: Breakup by Enterprise (USD Million), 2018-2023
5. Australia Total Spend Management Market Forecast: Breakup by Enterprise (USD Million), 2024-2032
6. Australia Total Spend Management Historical Market: Breakup by Application (USD Million), 2018-2023
7. Australia Total Spend Management Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Australia Total Spend Management Historical Market: Breakup by Region (USD Million), 2018-2023
9. Australia Total Spend Management Market Forecast: Breakup by Region (USD Million), 2024-2032
10. Australia Total Spend Management Market Structure
Key Questions Answered in the Report
The market was valued at USD 176.87 million in 2023.
The market is projected to grow at a CAGR of 7.65% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 343.15 million in 2032
The total spend management market is categorised according to deployment, which includes cloud-based and on-premises.
The total spend management market key players are Volopay Pty Ltd., Budgetly Pty Ltd., ELMO Software Pty Ltd., Weel Holdings Pty Ltd., Rippling People Center Inc., Concur Technologies, Inc., and Cape Pty Ltd. among others.
Based on the enterprise, the market is divided into small & medium enterprises and large enterprises.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others
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