Global Telecom Expense Management Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 17.6% during a forecast period.
Market Definition
Telecom Expense Management (TEM) services enable enterprises IT, provision, support and manage costs of large-scale corporate communications, procurement and finance departments to order, associated IT services and their inventories like fixed and cloud license tracking, mobile telephony and data, and IoT connectivity. TEM services also comprise BI (business intelligence) and reporting appropriate for supporting C-level strategic decision making.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Technology: All of this below data must be sourced and formatted to ensure it works with the TEM system.
Global Telecom Expense Management Market1
Market Dynamics:
The report contains a detailed list of factors that will drive and restrain the growth of the telecom expense management market. The adoption of telecom expense management solutions in the cloud model helps end-user in managing significant volumes of data. The deployment of cloud-based telecom expense management solutions also decreases IT maintenance complexity for organizations leading the companies in the market to leverage this trend and offer cloud-based TEM solutions. This development is expected to have a positive impact on global market growth.
The evolution of mobile technologies like IoT, 5G, and the cloud ecosystem is supporting the implementation of BYOD among enterprises. Enterprises, with various non-desk workers, are opting for the BYOD practice to decrease high costs on hardware and telecommunications. The BYOD policy includes the integration of all devices under a single platform and the use of TEM solutions, which expands the visibility of telecom services consumption and automates telecom bill approval processes.
Market Segmentation:
The report provides an in-depth segment analysis of the global TEM market, thereby providing valuable insights at the macro as well as micro levels. IT and Telecom segment expected to grow at the highest XX% CAGR during the forecast period. This is because of the expansion of markets across the world, increased IT infrastructure, increased expenditure on mobile devices, and advanced communications channels to connect with customers, and clients.
Regional Analysis:
North America is one of the largest markets for TEM Market. The presence of established major players is accelerating business opportunities for vendors in the market for the TEM market in the region. Also, the increasingly remote workforce is growing the demand for telecom expense management solutions. Over 42% of the market’s growth will originate from North America during the forecast period. The rising adoption of TEM solutions by governments to manage their telecom expenses will fuel TEM market growth in North America.
Competitive landscape:
The competitive landscape section in the telecom expense management market offers a deep dive into the profiles of the leading companies operating in the global market landscape. It proposals captivating insights on the key developments, differential strategies, and other crucial aspects about the companies having a stronghold in the TEM market.
Accenture PLC is the leading player in the global market for the TEM market. The Accenture provides comprehensive telecom expense valuation and solutions that are required to improve the efficiency, communication, allow clients to minimize telecom cost and improve service levels.
The objective of the report is to present a comprehensive analysis of the Global Telecom Expense Management Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Telecom Expense Management Market dynamics, structure by analyzing the market segments and projects the Global Telecom Expense Management Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Telecom Expense Management Market make the report investor’s guide
Scope of Global Telecom Expense Management Market
Global Telecom Expense Management Market, By Solution
• Sourcing Management
• Reporting and Business Management
• Dispute Management
• Usage Management
• Invoice Management
• Ordering and Provisioning Management
• Others
Global Telecom Expense Management Market, By Service Delivery Mode
• Hosted
• Licensed Software
• Managed Services and Complete Outsourcing
Global Telecom Expense Management Market, By Vertical
• Banking, Financial Services, and Insurance (BFSI)
• Consumer Goods and Retail
• Healthcare
• Manufacturing
• IT and Telecom
• Media and Entertainment
• Transportation and Logistics
• Others
Global Telecom Expense Management Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Telecom Expense Management Market
• Vodafone Global Enterprise
• Dimension Data
• IBM
• MDSL
• Tangoe
• Accenture
• CGI
• CSC
• Econocom
• Valicom
• Anatole
• Calero Software LLC
For More Information Visit @:https://www.maximizemarketresearch.com/market-report/global-telecom-expense-management-market/54946/
This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Contact info:
Name: Lumawant Godage
Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: [email protected]
Address: Pune, Maharashtra 411051, India.
Contact: +919607195908
Market Synopsis As per the recent study by Market Research Future Reports (MRFR), the global telecom expense management market is anticipated to flourish at a CAGR of 18% during the assessment period from 2017 to 2023.
The amplified demand for mobile applications is the most substantial element driving the global telecom expense management market 2020.
Furthermore, the growing demand for telecom expense management across several industries like retail, I.T.
A precise evaluation of factors augmenting and impeding the market in the post-COVID-19 environment has been analyzed.
Market Segmentation The worldwide telecom expense management market 2020 can be segmented on the basis of service, solution, end-user, organization size, and region.On the grounds of service, the Telecom Expense Management Market Size can be classified into licensed software, hosted, managed service, complete outsourcing, and cloud services.On the grounds of the solution, the global telecom expense management market can be classified into invoice and contract management, dispute management, inventory management, procurement management, and others.On the grounds of end-user, the global telecom expense management market can be classified into automotive, I.T.
& telecommunication, consumer goods and retail, transport and logistics, BFSI, and others.On the grounds of organization size, the global telecom expense management market can be classified into large enterprises and small & medium enterprises.On the grounds of the region, the global telecom expense management market can be classified into North America, Europe, Asia Pacific, and Rest of the World.
Data Bridge Market research presents the top quality and comprehensive Telecom Expense Management Market research report which provides clear insights into market dynamics and prospects the whole market including global production, revenue forecast, value and volume.
This Telecom Expense Management Market report deeply study competitive scenario and evaluated the crucial vendors with regard to product stratification and business strategies.
The detailed information of the existed industries is the first acquired by the dedicated team to provide exact and accurate data of the market.
The Global Telecom Expense Management Market was valued at USD 2,892.5 million in 2017 and is expected to reach USD 3,507.2 million in 2025, growing at a healthy CAGR of 17.1%.
for the forecast period of 2018 to 2025Get Inside Scoop of the report, request for Sample @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-telecom-expense-management-market Market Definition: Global Telecom Expense Management Market The use of telecom service is increasing day-by-day and so is the cost related to these services.
The multiple delivery channels for operation are being used for regional and domestic purposes.
Telecom Expense Management Market: By Solution (Dispute Management, Inventory Management, Invoice and Contract Management, Procurement Management), By Service (Licensed Software, Hosted), End User (BFSI, Automotive) – Global Forecast till 2023Market HighlightsThe global telecom expense management market is projected to witness a rapid growth during the forecast period.
High growth opportunities in emerging economies and rising adoption of portable device are the major factor driving the growth of the market.
Moreover, increasing demand for telecom expense management across various industry verticals such as IT & telecommunication, retail, manufacturing, transport & logistics is fueling the growth of the global market.The global telecom expense management market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World.
U.S and Canada are anticipated to drive the growth of the North American telecom expense management market owing to the presence of large number of established key players such as Avotus Corporation (Canada), Control Point Solutions (U.S.), Invoice Insights (U.S.), MBG (U.S.), Profitline (U.S.), Tangoe (U.S.), IBM (U.S.) in this region.
Due to the high adoption of portable device and rising telecom expense of enterprises in the region, the market is likely to show immense growth in the coming future.
Increasing need for innovations and advancements in the technology are other major factors responsible for the growth of the telecom expense management market.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/4771In the global telecom expense management market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growing adoption of portable device, emerging economies and technological advancement in telecom expense management in the region.The global Telecom expense management market is projected to reach USD 4.50 billion at a CAGR of over 16% by the end of the forecast period 2017-2023.Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report.
Market Synopsis:As per the recent study by Market Research Future Reports (MRFR), the Global Telecom Expense Management Market is anticipated to flourish at a CAGR of 18% during the assessment period from 2017 to 2023.
The amplified demand for mobile applications is the most substantial element driving the global telecom expense management market 2020.
Companies in the technology sector that supply services for verticals like travel, retail, hospitality, and entertainment have noted a dramatic decrease in sales, while the firms that provide services related to remote worker solutions have observed the opposite.
Global Telecom Expense Management Market fate post pandemic has been relatively less grim compared to Education Services (ES) and Professional Services (PS) that are mostly dependent on components that are generally on-site.
Novel coronavirus has Global Telecom Expense Management Market to open new avenues for those firms that are on the lookout for solutions that are reliable, efficiently managed, scalable, and are subscription-based, to remain more focused on the core business.
Request a Free Sample @ https://www.marketresearchfuture.com/sample request/4771 Competitive Outlook:The notable players of the global telecom expense management market are Econocom (Belgium), Avotus Corporation (Canada), Accenture PLC (Ireland), Control Point Solutions (U.S.), MBG (U.S.), Invoice Insights (U.S.), Profitline (U.S.), IBM (U.S.), Tangoe (U.S.), Ezwim B.V, MDSL (The Netherlands), among others.
