
Global Corporate Travel Expense Management Solutions Market Insights, Size, and Forecast By Solution Type (Travel Booking, Expense Reporting, Travel Policy Compliance, Analytics and Reporting), By Enterprise Size (Small Enterprises, Medium Enterprises, Large Enterprises), By Deployment Type (Cloud-Based, On-Premise, Hybrid), By End Use Industry (Corporate, Government, Non-Profit, Educational Institutions), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Key Companies, Competitive Analysis, Trends, and Projections for 2026-2035
Key Market Insights
Global Corporate Travel Expense Management Solutions Market is projected to grow from USD 12.8 Billion in 2025 to USD 35.7 Billion by 2035, reflecting a compound annual growth rate of 11.4% from 2026 through 2035. This market encompasses software and services designed to streamline and automate the entire corporate travel expense process, from pre trip approval and booking to expense submission, reconciliation, and reimbursement. It aims to enhance visibility, control costs, and ensure policy compliance for businesses of all sizes. The overarching market is driven by several key factors. The increasing complexity of global business travel, coupled with a heightened focus on cost optimization and operational efficiency, compels organizations to adopt sophisticated solutions. Furthermore, the growing demand for real-time data analytics and integrated platforms that offer end-to-end expense management functionalities are significant accelerators. Regulatory compliance requirements, particularly concerning financial reporting and tax regulations across different jurisdictions, also push companies towards automated solutions that reduce errors and ensure adherence. Conversely, market restraints include the initial high implementation costs associated with enterprise grade solutions, particularly for smaller businesses. Data security and privacy concerns, especially with cloud based deployments, also pose a challenge, requiring robust security protocols and trust building measures from solution providers. The resistance to change within established organizational structures and the need for extensive employee training during adoption can also impede market growth.
Global Corporate Travel Expense Management Solutions Market Value (USD Billion) Analysis, 2025-2035

2025 - 2035
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A significant trend observed across the market is the pervasive shift towards cloud based solutions, which constitute the dominant deployment type. This trend is fueled by the inherent advantages of cloud platforms, including scalability, accessibility from anywhere, reduced IT infrastructure overheads, and continuous updates. Mobile first strategies are also gaining traction, with providers offering intuitive mobile applications that facilitate on the go expense submission and approval, catering to the needs of modern business travelers. The integration of artificial intelligence and machine learning is another critical trend, enhancing functionalities such as automated receipt scanning, fraud detection, and predictive analytics for spending patterns. This allows for proactive cost management and more accurate forecasting. The market is also witnessing a move towards more personalized user experiences and seamless integration with other enterprise resource planning ERP and customer relationship management CRM systems, creating a unified business ecosystem.
North America stands as the dominant region in the global market, primarily due to the early adoption of advanced technological solutions, a highly digitized business environment, and the presence of a large number of multinational corporations with extensive travel requirements. The region benefits from a robust technology infrastructure and a strong focus on operational efficiency and compliance. Asia Pacific, however, is emerging as the fastest growing region, driven by rapid economic development, increasing foreign direct investment, and the expanding presence of multinational companies across its diverse economies. The growing middle class and the subsequent rise in business travel within countries like China and India further fuel this growth. Key players in this competitive landscape include Wex, Certify, Rydoo, Xero, Expensify, Oracle, Coupa, TravelBank, SAP Concur, and SutiExpense. Their strategies often revolve around continuous innovation in product features, strategic partnerships to expand market reach and integration capabilities, and a strong emphasis on customer centricity through localized support and tailored solutions. Mergers and acquisitions are also common as companies seek to consolidate market share and acquire specialized technologies, thus capitalizing on the immense market opportunities presented by the evolving demands of corporate travel.
Quick Stats
Market Size (2025):
USD 12.8 BillionProjected Market Size (2035):
USD 35.7 BillionLeading Segment:
Cloud-Based (72.8% Share)Dominant Region (2025):
North America (38.2% Share)CAGR (2026-2035):
11.4%
Global Corporate Travel Expense Management Solutions Market Emerging Trends and Insights
AI Powered Personalized Expense Workflows
AI powered personalized expense workflows are transforming global corporate travel. Traditionally, expense reporting was manual and rule based, often leading to errors and delays. Now, AI analyzes individual spending patterns, corporate policies, and contextual information in real time. This allows for automated categorization and pre population of expense reports, significantly reducing employee effort.
For instance, if an employee consistently uses a specific airline for business travel, the system learns and automatically categorizes future flights from that airline. It can also identify out of policy spending proactively and flag it for review, rather than after submission. Furthermore, AI can interpret receipts, extract relevant data, and even suggest appropriate expense types. This personalized automation streamlines the entire process, from capture to approval, enhancing efficiency, compliance, and user satisfaction across the organization.
Embedded Fintech for Seamless Payments
The Global Corporate Travel Expense Management Solutions market is seeing a major shift towards embedded fintech for seamless payments. This trend integrates financial technology directly into expense management platforms, eliminating separate payment processes. Instead of manually reconciling corporate card transactions or processing reimbursements through disjointed systems, payments are now automated within the travel booking and expense reporting workflow.
This means employees can book flights and hotels, pay for meals, and submit receipts, with the associated payments handled automatically by the platform's integrated fintech. Companies benefit from real time visibility into spending, enhanced policy enforcement, and reduced manual reconciliation efforts. It streamlines the entire procure to pay cycle for corporate travel, offering a frictionless experience for both employees and financial departments, making expense management more efficient and accurate.
Sustainability Driven Travel Analytics
Sustainability driven travel analytics is transforming global corporate travel expense management. Companies increasingly prioritize environmental and social responsibility, influencing their travel programs. This trend leverages data to assess and minimize the ecological footprint of business travel. Analytics platforms now track carbon emissions per trip, traveler, and department, often integrating with flight and hotel booking systems. They identify opportunities for more sustainable choices, such as favoring lower emission airlines, trains over short haul flights, or eco certified accommodations. This data empowers corporations to set and monitor sustainability targets, report on their environmental performance, and optimize travel policies for reduced impact. It also allows for identification of behavioral patterns that contribute to higher emissions, fostering greater awareness and encouraging greener travel choices among employees, ultimately driving a more responsible corporate travel culture.
What are the Key Drivers Shaping the Global Corporate Travel Expense Management Solutions Market
Rising Demand for Cost Optimization and Efficiency in Corporate Travel
Corporations face increasing pressure to enhance financial performance, driving a critical need for streamlined operations and reduced expenditures across all departments. Travel, often a significant and complex cost center, presents a prime opportunity for substantial savings. Businesses are actively seeking solutions that provide granular visibility into travel spending, identify opportunities for negotiation with vendors, and enforce policy compliance to eliminate wasteful expenditure. Furthermore, organizations demand tools that automate expense reporting, streamline approval workflows, and integrate with existing accounting systems, freeing up valuable human resources from manual administrative tasks. This pursuit of greater financial control and operational agility is a primary force propelling the adoption of comprehensive corporate travel expense management solutions.
Technological Advancements in Travel & Expense Management Platforms
Technological advancements in travel and expense management platforms are a key driver in the global corporate travel expense management solutions market. These innovations are transforming how businesses manage their travel spending, making processes more efficient and accurate. Modern platforms leverage artificial intelligence and machine learning to automate expense reporting, reconcile transactions, and detect policy violations in real time. Mobile accessibility allows employees to capture receipts and submit expenses on the go, improving convenience and data timeliness. Cloud based solutions offer enhanced scalability and data security, appealing to companies of all sizes. Furthermore, integration with enterprise resource planning and human resource systems provides a unified view of financial data, streamlining workflows and offering deeper insights into travel expenditure patterns. These continuous improvements lead to cost savings, better compliance, and an improved user experience for corporations.
Increasing Adoption of Digital Transformation and Automation by Enterprises
Enterprises are increasingly embracing digital transformation and automation to streamline operations and enhance efficiency. This paradigm shift directly impacts corporate travel expense management. As companies adopt cloud based platforms, AI driven analytics, and mobile first solutions across their business functions, they seek similar technological advancements in how they manage employee travel spending. The demand for integrated, automated systems that reduce manual processes, improve compliance, and offer real time visibility into travel expenditures is growing. Organizations recognize the benefits of digital solutions in optimizing travel booking, expense reporting, and reimbursement workflows, freeing up resources and providing better financial control. This focus on modernization is a key catalyst for the expansion of corporate travel expense management solutions.
Global Corporate Travel Expense Management Solutions Market Restraints
Strict Regulatory Compliance and Data Security Concerns
Stringent regulatory frameworks, such as GDPR and CCPA, mandate rigorous data privacy and security protocols for global corporate travel expense management solutions. These regulations necessitate substantial investment in robust security infrastructure and continuous compliance monitoring, increasing operational complexity and costs for solution providers. Organizations must ensure their platforms adhere to various national and international data residency, storage, and access rules, which can vary significantly across jurisdictions. The risk of hefty fines and reputational damage from data breaches or non compliance further compels companies to prioritize security, often extending implementation timelines and driving up development expenditures. This imperative to maintain an ironclad security posture and navigate a labyrinth of evolving regulations acts as a considerable restraint on market entry and expansion.
High Implementation Costs and Integration Complexities for SMEs
Small and medium sized enterprises face significant hurdles in adopting global corporate travel expense management solutions due to substantial financial outlays. The initial investment in software licenses and customization often strains limited budgets. Furthermore, integrating these sophisticated platforms with existing financial systems and enterprise resource planning software presents considerable technical challenges. Many SMEs lack dedicated IT staff with the expertise required for complex integrations, leading to reliance on costly external consultants. The training of employees on new systems also adds to the overall expense and disruption. This combination of high upfront costs and intricate integration processes makes these solutions less accessible and appealing to budget constrained, resource limited SMEs, hindering their market penetration and overall adoption rates in this crucial segment.
Global Corporate Travel Expense Management Solutions Market Opportunities
AI-Driven Automation for Enhanced Compliance & Real-time Cost Control
The opportunity for AI driven automation in corporate travel expense management is transforming how global businesses operate. Intelligent systems now automate complex tasks from itinerary planning to expense reporting, significantly reducing human error and processing times. This automation directly enhances compliance by integrating policy checks and regulatory requirements into every transaction. AI continuously monitors spending patterns, flagging deviations in real time and ensuring strict adherence to company travel policies and international tax regulations without manual oversight.
Simultaneously, AI facilitates unprecedented real time cost control. Businesses gain immediate visibility into their travel expenditures as they occur, enabling dynamic budget adjustments and spend optimization. Predictive analytics, powered by AI, can forecast future travel costs and identify potential areas for savings before they materialize. This capability empowers organizations to make informed financial decisions proactively, minimizing overspending and maximizing return on travel investment. The demand for solutions offering this dual benefit of robust compliance and precise financial governance presents a significant growth avenue for providers globally.
Integrated Solutions for Predictive Spend Optimization & ESG Reporting
The global corporate travel expense management market offers a compelling opportunity for integrated solutions that combine predictive spend optimization with comprehensive ESG reporting capabilities. Businesses worldwide are keenly focused on achieving greater financial efficiency while simultaneously meeting stringent environmental, social, and governance objectives. A unified platform that leverages advanced analytics to forecast travel expenditures allows companies to proactively identify cost saving opportunities, optimize spending patterns, and enhance budget predictability. Crucially, integrating ESG reporting into these solutions enables automated tracking of key metrics like carbon emissions from travel, supplier diversity, and ethical sourcing practices. This empowers corporations to demonstrate transparency, comply with evolving sustainability regulations, and improve their corporate responsibility profile. Such a synergistic approach helps organizations achieve significant cost reductions, streamline operational processes, and reinforce their commitment to sustainable business practices, creating a powerful value proposition in a dynamic global environment.
Global Corporate Travel Expense Management Solutions Market Segmentation Analysis
Key Market Segments
By Solution Type
- •Travel Booking
- •Expense Reporting
- •Travel Policy Compliance
- •Analytics and Reporting
By Deployment Type
- •Cloud-Based
- •On-Premise
- •Hybrid
By Enterprise Size
- •Small Enterprises
- •Medium Enterprises
- •Large Enterprises
By End Use Industry
- •Corporate
- •Government
- •Non-Profit
- •Educational Institutions
Segment Share By Solution Type
Share, By Solution Type, 2025 (%)
- Travel Booking
- Expense Reporting
- Travel Policy Compliance
- Analytics and Reporting

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Why is Cloud Based deployment dominating the Global Corporate Travel Expense Management Solutions Market?
The significant share held by Cloud Based solutions reflects a strong market preference for flexibility, scalability, and reduced infrastructure costs. Businesses of all sizes increasingly favor subscription based models that allow for remote access, automatic updates, and easier integration with other enterprise systems, making them highly attractive for modern corporate environments seeking agility and efficiency in managing travel expenses.
How does enterprise size influence the adoption patterns within this market?
Enterprise size significantly shapes solution preferences, with Large Enterprises often requiring more sophisticated, customizable solutions spanning various functions like Travel Policy Compliance and Analytics and Reporting due to their complex organizational structures and higher travel volumes. Conversely, Small and Medium Enterprises tend to prioritize ease of use, rapid deployment, and cost effectiveness, often opting for integrated platforms that offer core Travel Booking and Expense Reporting functionalities without extensive customization needs.
Which solution types are experiencing the most pronounced demand across end use industries?
The demand for Expense Reporting and Travel Booking solutions remains consistently high across most end use industries including Corporate, Government, and Non Profit sectors, as these address fundamental operational needs for tracking and managing travel expenditures. However, there is a growing emphasis on Analytics and Reporting and Travel Policy Compliance tools, particularly in larger organizations and regulated sectors, to gain deeper insights into spending patterns, ensure adherence to internal guidelines, and optimize travel budgets effectively.
Global Corporate Travel Expense Management Solutions Market Regulatory and Policy Environment Analysis
The global corporate travel expense management solutions market navigates a multifaceted regulatory landscape. Data privacy laws like GDPR, CCPA, and PIPL critically shape how employee travel, financial, and personal data are collected, stored, and processed, demanding robust compliance features and secure data handling. Tax regulations, including varying rules on expense deductibility, VAT/GST reclaim, and fringe benefits tax, differ significantly across countries, requiring solutions to offer configurable localization and accurate reporting capabilities. Financial reporting standards such as SOX, IFRS, and GAAP mandate transparent and auditable expense records, pushing adoption of automated systems that ensure accuracy and integrity. Furthermore, anti money laundering AML and cross border transaction regulations influence payment processing. Emerging environmental, social, and governance ESG reporting requirements are also beginning to impact travel policies and expense tracking for sustainability metrics. Solutions must continually adapt to these diverse and evolving legal frameworks to ensure adherence and mitigate compliance risks for corporations.
Which Emerging Technologies Are Driving New Trends in the Market?
The corporate travel expense management market is witnessing profound technological shifts. Artificial intelligence and machine learning are revolutionizing operations, powering predictive analytics for budgeting, automating expense categorization, and significantly enhancing fraud detection capabilities. These innovations minimize manual effort and increase accuracy.
Real time data synchronization across enterprise resource planning, human resources, and payment systems offers unparalleled visibility and control over global spending. This integration facilitates instant policy compliance checks and enables dynamic financial adjustments. Mobile first solutions remain paramount, providing intuitive interfaces for on the go expense capture, receipt digitization, and swift approval workflows, crucial for a globally dispersed workforce.
Blockchain technology is emerging for secure, transparent transaction recording and streamlined auditing, promising greater accountability and trust. Furthermore, advancements in data analytics are allowing for more personalized travel recommendations and sustainable travel option tracking. These emerging technologies collectively drive efficiency, reduce costs, and improve the overall employee experience in corporate travel management.
Global Corporate Travel Expense Management Solutions Market Regional Analysis
Global Corporate Travel Expense Management Solutions Market
Trends, by Region

North America Market
Revenue Share, 2025
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Dominant Region
North America · 38.2% share
North America stands as the dominant region in the Global Corporate Travel Expense Management Solutions Market, capturing a substantial 38.2% market share. This leadership is driven by several key factors. The region boasts a high concentration of large multinational corporations and technologically advanced small to medium sized enterprises, both significant users of sophisticated expense management platforms. Early adoption of cloud based solutions and robust investment in digital transformation initiatives further fuel this dominance. Strict regulatory compliance requirements also push businesses towards comprehensive and automated expense management systems. Furthermore, a strong presence of established solution providers and innovative startups within North America ensures continuous product development and competitive pricing, solidifying its leading position in this crucial market segment.
Fastest Growing Region
Asia Pacific · 14.2% CAGR
Asia Pacific emerges as the fastest growing region in the global corporate travel expense management solutions market, projected at a robust CAGR of 14.2% from 2026 to 2035. This significant growth is fueled by several key factors. Rapid economic expansion across countries like India and Southeast Asian nations is driving increased business travel. Furthermore, the rising adoption of digital technologies and cloud based solutions by enterprises for greater efficiency and transparency in expense management contributes significantly. A growing awareness among corporations regarding cost optimization and compliance with travel policies further accelerates the demand for sophisticated expense management platforms. The entry of new international businesses and the expansion of existing ones within the region also necessitate streamlined solutions for managing travel expenditures effectively.
Impact of Geopolitical and Macroeconomic Factors
Geopolitical tensions significantly influence corporate travel, with regional conflicts and trade wars prompting companies to restrict employee movement or redirect travel to safer, more stable regions. This shift drives demand for solutions offering granular control over travel policies and real-time risk assessment tools. Geopolitical instability also impacts supply chains, affecting airline and hotel availability and pricing, compelling businesses to adopt robust expense management systems capable of dynamic budgeting and vendor negotiation. Increased demand for transparent spending and compliance with evolving international travel regulations further fuels market growth.
Macroeconomic factors, particularly inflation and interest rate fluctuations, directly impact corporate travel budgets. Rising fuel costs and labor expenses translate into higher airfares and accommodation rates, pushing companies to seek cost optimization through sophisticated expense management platforms. Economic downturns lead to tighter travel policies and a focus on essential business travel, increasing the need for solutions that provide clear spending visibility and facilitate cost recovery. Conversely, economic growth often boosts business travel, creating a larger user base for these solutions. Currency volatility also necessitates real time expense tracking and reporting capabilities.
Recent Developments
- March 2025
SAP Concur announced a strategic partnership with a major global airline alliance to integrate real-time flight data and preferred rates directly into Concur Expense and Travel solutions. This initiative aims to streamline booking processes and enhance compliance with corporate travel policies by providing users with more accurate and competitive flight options within a unified platform.
- July 2024
Expensify launched 'Expensify AI,' a new product feature leveraging artificial intelligence to automate receipt processing and expense categorization with enhanced accuracy. This development aims to significantly reduce manual data entry for business travelers and finance teams, improving efficiency and data reliability within the platform.
- November 2024
Wex acquired a leading niche provider of sustainable travel analytics and carbon footprint tracking solutions. This acquisition is a strategic initiative to expand Wex's offerings in environmentally conscious corporate travel, allowing businesses to better monitor and report on their Scope 3 emissions related to business travel.
- February 2025
Coupa introduced an enhanced 'Dynamic Policy Enforcement' module for its expense management solution, leveraging machine learning to adapt travel policies in real-time based on current market conditions and traveler profiles. This product launch aims to provide greater flexibility and cost control for businesses while maintaining compliance in an evolving travel landscape.
Key Players Analysis
Wex, SAP Concur, and Oracle dominate the corporate travel expense management solutions market, leveraging cloud based platforms and AI for automated expense reporting, policy enforcement, and spend analytics. Their strategic initiatives include integrations with ERP systems and travel booking platforms, driven by the increasing demand for real time visibility and cost control in corporate spending. Certify, Rydoo, and Expensify offer intuitive mobile first solutions, while Coupa and SutiExpense focus on broader spend management. Xero and TravelBank target SMBs with simplified tools.
List of Key Companies:
- Wex
- Certify
- Rydoo
- Xero
- Expensify
- Oracle
- Coupa
- TravelBank
- SAP Concur
- SutiExpense
- Zoho Invoice
- Chrome River
Report Scope and Segmentation
| Report Component | Description |
|---|---|
| Market Size (2025) | USD 12.8 Billion |
| Forecast Value (2035) | USD 35.7 Billion |
| CAGR (2026-2035) | 11.4% |
| Base Year | 2025 |
| Historical Period | 2020-2025 |
| Forecast Period | 2026-2035 |
| Segments Covered |
|
| Regional Analysis |
|
Table of Contents:
List of Figures
List of Tables
Table 1: Global Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Solution Type, 2020-2035
Table 2: Global Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Deployment Type, 2020-2035
Table 3: Global Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Enterprise Size, 2020-2035
Table 4: Global Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by End Use Industry, 2020-2035
Table 5: Global Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Region, 2020-2035
Table 6: North America Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Solution Type, 2020-2035
Table 7: North America Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Deployment Type, 2020-2035
Table 8: North America Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Enterprise Size, 2020-2035
Table 9: North America Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by End Use Industry, 2020-2035
Table 10: North America Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Country, 2020-2035
Table 11: Europe Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Solution Type, 2020-2035
Table 12: Europe Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Deployment Type, 2020-2035
Table 13: Europe Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Enterprise Size, 2020-2035
Table 14: Europe Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by End Use Industry, 2020-2035
Table 15: Europe Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 16: Asia Pacific Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Solution Type, 2020-2035
Table 17: Asia Pacific Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Deployment Type, 2020-2035
Table 18: Asia Pacific Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Enterprise Size, 2020-2035
Table 19: Asia Pacific Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by End Use Industry, 2020-2035
Table 20: Asia Pacific Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 21: Latin America Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Solution Type, 2020-2035
Table 22: Latin America Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Deployment Type, 2020-2035
Table 23: Latin America Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Enterprise Size, 2020-2035
Table 24: Latin America Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by End Use Industry, 2020-2035
Table 25: Latin America Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 26: Middle East & Africa Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Solution Type, 2020-2035
Table 27: Middle East & Africa Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Deployment Type, 2020-2035
Table 28: Middle East & Africa Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Enterprise Size, 2020-2035
Table 29: Middle East & Africa Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by End Use Industry, 2020-2035
Table 30: Middle East & Africa Corporate Travel Expense Management Solutions Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
