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    South Korea Travel Management Software Market

    ID: MRFR/ICT/61316-HCR
    200 Pages
    Aarti Dhapte
    September 2025

    South Korea Travel Management Software Market Research Report By Component (Solutions, Services), By Deployment (On-Premise, On-Cloud), By Industry (Manufacturing, Transportation, Retail, Logistics, Healthcare, Energy) and By Application (Internet, Mobile Applications, Computer System)- Forecast to 2035

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    South Korea Travel Management Software Market Research Report- Forecast to 2035 Infographic
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    Table of Contents

    South Korea Travel Management Software Market Summary

    The South Korea Travel Management Software market is projected to grow significantly from 176.9 USD Million in 2024 to 547 USD Million by 2035.

    Key Market Trends & Highlights

    South Korea Travel Management Software Key Trends and Highlights

    • The market is expected to achieve a compound annual growth rate (CAGR) of 10.81% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 547 USD Million, indicating robust growth potential.
    • In 2024, the market is valued at 176.9 USD Million, reflecting a solid foundation for future expansion.
    • Growing adoption of digital solutions due to increased demand for efficient travel management is a major market driver.

    Market Size & Forecast

    2024 Market Size 176.9 (USD Million)
    2035 Market Size 547 (USD Million)
    CAGR (2025-2035) 10.81%

    Major Players

    SAP Concur (Concur Technologies), Egencia, Amadeus IT Group

    South Korea Travel Management Software Market Trends

    The South Korea Travel Management Software Market is undergoing substantial changes as a result of numerous critical market drivers. The travel and tourism sector's rapid digitization is a significant factor in the notable drive, as numerous organizations are transitioning to automated systems to improve efficiency. Businesses are investing in travel management software to streamline reserving processes, manage employee travel more effectively, and maintain compliance with corporate travel policies, as the demand for seamless travel experiences continues to increase. 

    Companies have also begun to investigate comprehensive software solutions to manage employee travel, even when teams are distributed globally, in response to the increasing prevalence of remote work in South Korea.There is an abundance of opportunities in the South Korean market, particularly in light of the growing emphasis on corporate travel expenditure management. Businesses are seeking to improve their budget control, which presents a significant opportunity for travel management software developers to incorporate solutions that provide real-time data analytics and reporting solutions. This enables organizations to optimize their budgets and make well-informed decisions about their travel expenses. 

    Furthermore, the South Korean young workforce's increasing sophistication in technology and their propensity to adopt automated tools underscore a significant market imbalance that innovative travel management solutions can address.In response to the growing prevalence of smartphones among users, there has been a recent trend in South Korea toward mobile-first travel management solutions. In order to enhance the travel experience, companies are emphasizing the development of mobile applications that enable booking, itinerary administration, and real-time updates. 

    Furthermore, the significance of sustainability is growing, as there is a noticeable shift toward eco-friendly travel alternatives. This has prompted technology providers to integrate green travel policies into their software solutions. Collectively, these trends illustrate a dynamic and changing landscape in the South Korean Travel Management Software Market that endeavors to accommodate the requirements of contemporary enterprises and travelers.

    South Korea Travel Management Software Market Drivers

    Market Segment Insights

    South Korea Travel Management Software Market Segment Insights

    South Korea Travel Management Software Market Segment Insights

    Travel Management Software Market Component Insights

    Travel Management Software Market Component Insights

    The South Korea Travel Management Software Market, particularly the Component segment, is characterized by an increasing focus on Solutions and Services that cater to the evolving needs of businesses and travelers. Solutions play a pivotal role in streamlining travel operations, enhancing efficiency through functionalities such as itinerary management, expense tracking, and real-time reporting, which enable organizations to optimize their travel expenditures.

    This focus on Solutions reflects a growing trend among South Korean businesses towards embracing technology that enhances operational efficiency while maximizing cost-effectiveness in travel planning.On the other hand, Services within this sector encompass a broad array of offerings including travel consultancy, support services, and customizations, which further assist companies in managing their travel policies and compliance. 

    The demand for these Services is driven by the complexity of travel arrangements and the need for personalized support in navigating the landscape of international travel, especially as organizations expand their operations globally. Moreover, the South Korean government's initiatives to promote tourism and facilitate business travel the importance of both Solutions and Services.As such, the market sees a significant contribution from businesses seeking to leverage innovative Travel Management Software in hopes of gaining a competitive edge. 

    In this context, the shift toward digital solutions and enhanced service offerings is viewed as critical for companies aiming to improve traveler satisfaction and operational efficiency. The dynamic nature of the travel industry, exacerbated by evolving consumer expectations and technological advancements, makes it imperative for providers in the South Korea Travel Management Software Market to remain agile and responsive to market demands.This evolving landscape presents numerous opportunities for innovation and growth, particularly for companies dedicated to developing sophisticated Solutions and delivering quality Services that meet the complex needs of today's travelers and businesses alike.

    Travel Management Software Market Deployment Insights

    Travel Management Software Market Deployment Insights

    The Deployment segment of the South Korea Travel Management Software Market is witnessing notable developments as organizations increasingly navigate their travel processes. With a growing emphasis on efficiency and cost optimization, both and On-Cloud deployments play crucial roles in this evolution. On-Premise solutions offer customizability and control, which is especially valued by larger enterprises handling sensitive data On-Cloud solutions provide flexibility and instant access to the latest features, appealing to small and medium-sized enterprises eager to streamline their travel management without significant upfront investment.

    The rising trend of remote work has accelerated the adoption of On-Cloud solutions, as they facilitate access from various locations, aligning with the needs of a more mobile workforce. Additionally, the increasing reliance on real-time data analytics in the South Korean market enhances the attractiveness of software solutions that can be deployed rapidly, enabling organizations to respond promptly to changing travel dynamics. Overall, the Deployment segment is a critical area of interest, highlighting the diverse needs and strategies that organizations pursue to optimize their travel management processes in South Korea.

    Travel Management Software Market Industry Insights

    Travel Management Software Market Industry Insights

    The South Korea Travel Management Software Market is segmented across various industries, each playing a vital role in the overall ecosystem. The manufacturing sector significantly influences the market due to the need for streamlined processes and seamless travel arrangements for operations and personnel. In the transportation industry, travel management software aids in optimizing logistics and scheduling, ensuring timely deliveries and efficient resource management.

    The retail sector thrives on travel management solutions to facilitate vendor and supplier interactions, making it easier to coordinate business travel.Logistics companies benefit from these software solutions by enhancing shipment tracking and route optimization, which is critical for reducing costs and improving service delivery. 

    The healthcare sector relies on these tools to manage complex travel schedules for medical professionals and patients, ensuring that necessary services are delivered efficiently. Meanwhile, the energy industry utilizes travel management software for project teams often deployed to various locations, allowing for better coordination and field operations. Each of these sectors harnesses the benefits of travel management software to improve efficiency, reduce costs, and enhance overall productivity.The continuous digital transformation trends observed in South Korea further drive the adoption of such technologies, fostering a more integrated approach to travel and management across these diverse industries.

    Travel Management Software Market Application Insights

    Travel Management Software Market Application Insights

    The South Korea Travel Management Software Market, particularly within the Application segment, showcases a diverse landscape that includes Internet platforms, Mobile Applications, and Computer Systems. The rapid digitization in South Korea propels the demand for these applications, with Internet platforms serving as a critical backbone for travel planning and booking processes. Mobile Applications gain significant traction due to the increasing reliance on smartphones for travel management, allowing users to manage their itineraries on the go and enhancing user experience with real-time updates.

    Meanwhile, Computer Systems play a vital role in enterprise-level travel management solutions, providing businesses with comprehensive tools for itinerary management and expense tracking. The growing trends of remote working and digital transformation in South Korea foster opportunities for these segments, as organizations seek efficient travel solutions that align with their operational needs.

    Moreover, with rising tourism and business travel, the role of the Internet and mobile applications likely significantly, presenting growth opportunities for providers in the South Korea Travel Management Software Market.The continued investment in technology and the increasing adoption of cloud-based solutions further drive innovation and competition in this sector, reflecting how essential these applications are to streamline travel management and enhance user satisfaction.

    Get more detailed insights about South Korea Travel Management Software Market Research Report- Forecast to 2035

    Regional Insights

    Key Players and Competitive Insights

    The South Korea Travel Management Software Market has become increasingly competitive, driven by the growing demand for efficient travel solutions among both businesses and individual travelers. As organizations seek to optimize their travel expenses and enhance the overall experience for their employees, innovative software solutions are gaining traction. A surge in travel and tourism activities, combined with advancements in technology, has contributed to a shift towards automated systems that streamline the travel booking, expense reporting, and itinerary management processes.

    The evolving landscape has fostered a diverse array of software providers, each vying to capture market share through unique offerings and value propositions tailored to the local context.

    In this highly competitive environment, SAP stands out as a significant player within the South Korea Travel Management Software Market. Its robust software solutions are designed to cater to the specific needs of businesses looking to manage their travel efficiently. SAP's strengths lie in its comprehensive features that integrate seamlessly with other enterprise systems, allowing for a unified approach to travel expenses and reporting. 

    The company has established a solid market presence supported by an extensive network of clients across various industries in South Korea. SAP's focus on continuous innovation, strong customer support, and localization of its software to meet regional business practices further solidified its position as a key competitor in the market, making it a trusted option for organizations seeking to enhance their travel management capabilities.

    Egencia is advancing its position in South Korea’s travel management software market through its Global Alliance partnership with Sebang Travel, a well-established local travel management company. This collaboration enables Egencia to deliver localized content, regulatory compliance, and culturally adapted services while leveraging its advanced global technology platform. 

    The company’s integrated booking and expense tools provide South Korean corporate clients with streamlined travel planning, policy enforcement, and real-time reporting capabilities. Egencia’s platform supports multi-language functionality, including Korean, ensuring ease of use for local travelers. Its partnerships with global and domestic airlines, hotels, and rail operators enhance travel options and efficiency. By combining international best practices with strong local expertise, Egencia meets the needs of both multinational corporations and domestic enterprises seeking reliable, data-driven, and compliant travel management solutions in South Korea.

    Key Companies in the South Korea Travel Management Software Market market include

    Industry Developments

    In recent months, the South Korea Travel Management Software Market has witnessed significant developments.

    SAP Korea and CWT Korea signed a memorandum of understanding in June 2025 to formalize their collaboration. The agreement aims to enhance corporate travel services by integrating SAP's travel-expense technology with CWT's service expertise. 

    Amadeus extended its strategic alliance with Jeju Air in May 2025, thereby ensuring that the airline's full flight content is accessible through Amadeus's travel platform. This extension also advances the next-generation distribution standard, resulting in more personalized and comprehensive travel offerings.

    Market Segmentation

    Travel Management Software Market Industry Outlook

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

    Travel Management Software Market Component Outlook

    • Solutions
    • Services

    Travel Management Software Market Deployment Outlook

    • On-Premise
    • On-Cloud

    Travel Management Software Market Application Outlook

    • Internet
    • Mobile Applications
    • Computer System

    Report Scope

     

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 162.22(USD Million)
    MARKET SIZE 2024 176.88(USD Million)
    MARKET SIZE 2035 547.8(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 10.823% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED SAP, Expedia Group, Concur Technologies, BCD Travel, Sabre Corporation, Savioke, Carlson Wagonlit Travel, American Express Global Business Travel, Travelport, CWT, Amadeus IT Group, IBM, Lola.com, TripActions, Travel Leaders Group
    SEGMENTS COVERED Component, Deployment, Industry, Application
    KEY MARKET OPPORTUNITIES Rising corporate travel expenditure, Growing adoption of mobile solutions, Increased demand for automation, Shift towards sustainable travel practices, Expanding integration with AI technologies
    KEY MARKET DYNAMICS growing corporate travel expenditure, increasing demand for automation, focus on travel compliance, rise of mobile applications, need for data analytics
    COUNTRIES COVERED South Korea

    Market Highlights

    Author
    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in Market Research and Business Consulting, working under the spectrum of Information Communication Technology, Telecommunications and Semiconductor domains. Aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. Her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    FAQs

    What is the expected market size of the South Korea Travel Management Software Market in 2024?

    The South Korea Travel Management Software Market is expected to be valued at 176.88 USD Million in 2024.

    What is the forecasted market size for the South Korea Travel Management Software Market in 2035?

    By 2035, the market is anticipated to reach a valuation of 547.8 USD Million.

    What is the projected compound annual growth rate (CAGR) for the South Korea Travel Management Software Market from 2025 to 2035?

    The expected CAGR for the market during the forecast period is 10.823%.

    What is the market value for the solutions segment of the South Korea Travel Management Software Market in 2024?

    The solutions segment is valued at 95.0 USD Million in 2024.

    What is the expected market valuation for the services segment in 2035?

    The services segment is expected to reach a valuation of 257.8 USD Million by 2035.

    Who are the key players in the South Korea Travel Management Software Market?

    Major players include SAP, Expedia Group, Concur Technologies, and BCD Travel among others.

    What are some key growth drivers for the South Korea Travel Management Software Market?

    Increased business travel and the need for efficient travel management solutions are key growth drivers.

    What challenges does the South Korea Travel Management Software Market face?

    Challenges include competition among providers and evolving customer expectations.

    What impact does the current global situation have on the South Korea Travel Management Software Market?

    Current global changes are influencing travel patterns and software demand in the market.

    What is the expected market growth rate for the South Korea Travel Management Software Market?

    The market is projected to witness significant growth, driven by advancements in travel management technologies.

    1. EXECUTIVE
    2. SUMMARY
    3. Market Overview
    4. Key Findings
    5. Market Segmentation
    6. Competitive Landscape
    7. Challenges and Opportunities
    8. Future Outlook
    9. MARKET INTRODUCTION
    10. Definition
    11. Scope of the study
    12. Research Objective
    13. Assumption
    14. Limitations
    15. RESEARCH
    16. METHODOLOGY
    17. Overview
    18. Data
    19. Mining
    20. Secondary Research
    21. Primary
    22. Research
    23. Primary Interviews and Information Gathering
    24. Process
    25. Breakdown of Primary Respondents
    26. Forecasting
    27. Model
    28. Market Size Estimation
    29. Bottom-Up
    30. Approach
    31. Top-Down Approach
    32. Data
    33. Triangulation
    34. Validation
    35. MARKET
    36. DYNAMICS
    37. Overview
    38. Drivers
    39. Restraints
    40. Opportunities
    41. MARKET FACTOR ANALYSIS
    42. Value chain Analysis
    43. Porter's
    44. Five Forces Analysis
    45. Bargaining Power of Suppliers
    46. Bargaining
    47. Power of Buyers
    48. Threat of New Entrants
    49. Threat
    50. of Substitutes
    51. Intensity of Rivalry
    52. COVID-19
    53. Impact Analysis
    54. Market Impact Analysis
    55. Regional
    56. Impact
    57. Opportunity and Threat Analysis
    58. South
    59. Korea Travel Management Software Market, BY Component (USD Million)
    60. Solutions
    61. Services
    62. South
    63. Korea Travel Management Software Market, BY Deployment (USD Million)
    64. On-Premise
    65. On-Cloud
    66. South
    67. Korea Travel Management Software Market, BY Industry (USD Million)
    68. Manufacturing
    69. Transportation
    70. Retail
    71. Logistics
    72. Healthcare
    73. Energy
    74. South
    75. Korea Travel Management Software Market, BY Application (USD Million)
    76. Internet
    77. Mobile
    78. Applications
    79. Computer System
    80. Competitive Landscape
    81. Overview
    82. Competitive
    83. Analysis
    84. Market share Analysis
    85. Major
    86. Growth Strategy in the Travel Management Software Market
    87. Competitive
    88. Benchmarking
    89. Leading Players in Terms of Number of Developments
    90. in the Travel Management Software Market
    91. Key developments
    92. and growth strategies
    93. New Product Launch/Service Deployment
    94. Merger
    95. & Acquisitions
    96. Joint Ventures
    97. Major
    98. Players Financial Matrix
    99. Sales and Operating Income
    100. Major
    101. Players R&D Expenditure. 2023
    102. Company
    103. Profiles
    104. SAP
    105. Financial
    106. Overview
    107. Products Offered
    108. Key
    109. Developments
    110. SWOT Analysis
    111. Key
    112. Strategies
    113. Expedia Group
    114. Financial
    115. Overview
    116. Products Offered
    117. Key
    118. Developments
    119. SWOT Analysis
    120. Key
    121. Strategies
    122. Concur Technologies
    123. Financial
    124. Overview
    125. Products Offered
    126. Key
    127. Developments
    128. SWOT Analysis
    129. Key
    130. Strategies
    131. BCD Travel
    132. Financial
    133. Overview
    134. Products Offered
    135. Key
    136. Developments
    137. SWOT Analysis
    138. Key
    139. Strategies
    140. Sabre Corporation
    141. Financial
    142. Overview
    143. Products Offered
    144. Key
    145. Developments
    146. SWOT Analysis
    147. Key
    148. Strategies
    149. Savioke
    150. Financial
    151. Overview
    152. Products Offered
    153. Key
    154. Developments
    155. SWOT Analysis
    156. Key
    157. Strategies
    158. Carlson Wagonlit Travel
    159. Financial
    160. Overview
    161. Products Offered
    162. Key
    163. Developments
    164. SWOT Analysis
    165. Key
    166. Strategies
    167. American Express Global
    168. Business Travel
    169. Financial Overview
    170. Products
    171. Offered
    172. Key Developments
    173. SWOT
    174. Analysis
    175. Key Strategies
    176. Travelport
    177. Financial
    178. Overview
    179. Products Offered
    180. Key
    181. Developments
    182. SWOT Analysis
    183. Key
    184. Strategies
    185. CWT
    186. Financial
    187. Overview
    188. Products Offered
    189. Key
    190. Developments
    191. SWOT Analysis
    192. Key
    193. Strategies
    194. Amadeus IT Group
    195. Financial
    196. Overview
    197. Products Offered
    198. Key
    199. Developments
    200. SWOT Analysis
    201. Key
    202. Strategies
    203. IBM
    204. Financial
    205. Overview
    206. Products Offered
    207. Key
    208. Developments
    209. SWOT Analysis
    210. Key
    211. Strategies
    212. Lola.com
    213. Financial
    214. Overview
    215. Products Offered
    216. Key
    217. Developments
    218. SWOT Analysis
    219. Key
    220. Strategies
    221. TripActions
    222. Financial
    223. Overview
    224. Products Offered
    225. Key
    226. Developments
    227. SWOT Analysis
    228. Key
    229. Strategies
    230. Travel Leaders Group
    231. Financial
    232. Overview
    233. Products Offered
    234. Key
    235. Developments
    236. SWOT Analysis
    237. Key
    238. Strategies
    239. References
    240. Related
    241. Reports
    242. LIST
    243. OF ASSUMPTIONS
    244. South Korea Travel Management Software
    245. Market SIZE ESTIMATES & FORECAST, BY COMPONENT, 2019-2035 (USD Billions)
    246. South
    247. Korea Travel Management Software Market SIZE ESTIMATES & FORECAST, BY DEPLOYMENT,
    248. 2035 (USD Billions)
    249. South Korea Travel Management
    250. Software Market SIZE ESTIMATES & FORECAST, BY INDUSTRY, 2019-2035 (USD Billions)
    251. South
    252. Korea Travel Management Software Market SIZE ESTIMATES & FORECAST, BY APPLICATION,
    253. 2035 (USD Billions)
    254. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    255. ACQUISITION/PARTNERSHIP
    256. LIST
    257. Of figures
    258. MARKET SYNOPSIS
    259. SOUTH
    260. KOREA TRAVEL MANAGEMENT SOFTWARE MARKET ANALYSIS BY COMPONENT
    261. SOUTH
    262. KOREA TRAVEL MANAGEMENT SOFTWARE MARKET ANALYSIS BY DEPLOYMENT
    263. SOUTH
    264. KOREA TRAVEL MANAGEMENT SOFTWARE MARKET ANALYSIS BY INDUSTRY
    265. SOUTH
    266. KOREA TRAVEL MANAGEMENT SOFTWARE MARKET ANALYSIS BY APPLICATION
    267. KEY
    268. BUYING CRITERIA OF TRAVEL MANAGEMENT SOFTWARE MARKET
    269. RESEARCH
    270. PROCESS OF MRFR
    271. DRO ANALYSIS OF TRAVEL MANAGEMENT SOFTWARE
    272. MARKET
    273. DRIVERS IMPACT ANALYSIS: TRAVEL MANAGEMENT SOFTWARE
    274. MARKET
    275. RESTRAINTS IMPACT ANALYSIS: TRAVEL MANAGEMENT
    276. SOFTWARE MARKET
    277. SUPPLY / VALUE CHAIN: TRAVEL MANAGEMENT
    278. SOFTWARE MARKET
    279. TRAVEL MANAGEMENT SOFTWARE MARKET, BY
    280. COMPONENT, 2025 (% SHARE)
    281. TRAVEL MANAGEMENT SOFTWARE
    282. MARKET, BY COMPONENT, 2019 TO 2035 (USD Billions)
    283. TRAVEL
    284. MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT, 2025 (% SHARE)
    285. TRAVEL
    286. MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT, 2019 TO 2035 (USD Billions)
    287. TRAVEL
    288. MANAGEMENT SOFTWARE MARKET, BY INDUSTRY, 2025 (% SHARE)
    289. TRAVEL
    290. MANAGEMENT SOFTWARE MARKET, BY INDUSTRY, 2019 TO 2035 (USD Billions)
    291. TRAVEL
    292. MANAGEMENT SOFTWARE MARKET, BY APPLICATION, 2025 (% SHARE)
    293. TRAVEL
    294. MANAGEMENT SOFTWARE MARKET, BY APPLICATION, 2019 TO 2035 (USD Billions)
    295. BENCHMARKING
    296. OF MAJOR COMPETITORS

    South Korea Travel Management Software Market Segmentation

     

     

     

    • Travel Management Software Market By Component (USD Million, 2019-2035)

      • Solutions
      • Services

     

    • Travel Management Software Market By Deployment (USD Million, 2019-2035)

      • On-Premise
      • On-Cloud

     

    • Travel Management Software Market By Industry (USD Million, 2019-2035)

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

     

    • Travel Management Software Market By Application (USD Million, 2019-2035)

      • Internet
      • Mobile Applications
      • Computer System

     

     

     

     

     

     

    Report Infographic
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    Customer Strories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

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