New research from Deloitte points to a perhaps unexpected segment of technology as one that is among the market’s fastest-growing and most disruptive today.
Reports by Business Travel News on Monday (Nov. 23) said Deloitte has released its list of the Technology Fast 500, an aggregation of the fastest-growing technology companies today in North America. Seven of those companies, reports noted, were corporate travel and expense management innovators. Meetings technologies also took four spots on the list, while expense management firms took three spots.
Among these firms is DoubleDutch, which saw a 1,147 percent growth rate in the last three years, Deloitte said. The company provides enterprise meeting, scheduling and organizing services.
Coupa Software also made the list with its eProcurement and T&E tools. The report highlighted Coupa’s 826 percent growth over the last three years, fueled by some recent strategic acquisitions.
HR and financial management firm Workday also made the list, according to reports, as a company that provides expense management and other financial services software for companies. Expense management company Chrome River, along with mobile meetings service provider QuickMobile, also appeared on the list.
Even with impressive placing on the Deloitte Technology Fast 500, some analysts say the corporate travel and enterprise meeting services space has room for innovation. According to Norm Rose, Travel Tech Consulting’s president, investment in this space is still lacking.
[bctt tweet=”The corporate travel and enterprise meeting services space has room for innovation.”]
"For corporate travel,” Rose recently told Business Travel News, “my experience is that people doing the investing and driving this growth with marketing and funds available are still trying to build on what is established instead of doing disruptive things."