Global Telecom Expense Management Market Size By Solutions, By Service Delivery Modes, By Geographic Scope and Forecast

2016-2027

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2019

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2020-2027

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2016-2018

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Value (USD Billion)

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Vodafone Global Enterprise, Dimension Data, IBM, MDSL, Tangoe, Accenture, CGI, CSC, Econocom, Valicom, Anatole, Asentinel, Quickcomm Software Solutions, Rivermine, ProfitLine, MBG, Invoice Insight

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• By Solutions

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• <span data-sheets-value="{"1":2,"2":"According to Market Research, Global Telecom Expense Management Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2020 to 2027.rnGlobal Telecom Expense Management Market DefinitionrnTelecom expense management is used by the organization to reduce the cost of managing telecom infrastructure. It helps the enterprises to streamline their operation; henceforth, increasing demand for the telecom expense management market. Enterprises are experiencing a large volume of bills, contracts, which led to the increasing adoption of telecom expense management to better manage expenses, thus boosting the growth of the market. Telecom expense management provides flexibility, , improve efficiency reduce time, and reduce the operational cost, which directly impacts on the growth of the telecom expense management market.rnGlobal Telecom Expense Management Market OverviewrnWith the help of telecom expense management, the enterprises can easily manage telecom services as well as assets, hence rising demand for the telecom expense management that propels the growth of the market. The increasing use of smartphones and tablets across the globe are also influencing the growth of the telecom expense management market. The increasing need for a cost-efficient solution and affordable deployment cost is expected to fuels the growth of the telecom expense management market.rnThere has been a rising incorporation of telecom related services by organizations to bolster communication across their several business units, partners, and clients located at different geographic locations. In addition to the fast increasing globalization of businesses over the past decade, incorporation of the latest communication techniques have become essential for businesses to keep in sync with the highly dynamic market environment. However, the increasing telecom expenses from the integration of these latest telecom-enabled services have compelled companies to choose cost-effective Telecom Expense Management (TEM) solutions.rnThe major factors driving the Telecom Expense Management market are rising adoption of mobile phones, gaining visibility over expenses, and need for visibility over expenses. Lack of interoperability and instances of hurdles in compatibility between solutions from different vendors also pose as a major challenge for the TEM market. Low deployment cost and increasing demand for cost-efficient TEM solutions provide high growth opportunities in this market. rnrnGlobal Telecom Expense Management Market: Segmentation AnalysisrnThe Global Telecom Expense Management Market is segmented based on Solutions, Deployment Model, and Geography.rnGlobal Telecom Expense Management Market by SolutionsrnBased on Solutions, the market is segmented into Dispute management, Inventory management, Invoice and contract management, Ordering and provisioning management, Reporting and business management, Sourcing management, Usage management, Others. The major factors driving the Telecom Expense Management market are rising adoption of mobile phones, gaining visibility over expenses, and need for visibility over expenses. Lack of interoperability and instances of hurdles in compatibility between solutions from different vendors also pose as a major challenge for the TEM market. rnGlobal Telecom Expense Management Market by Service Delivery ModesrnBased on Service Delivery Modes, the market is bifurcated into Hosted, Licensed software, and Managed services, complete outsourcing. Rising adoption of mobile phones, providing expense visibility, and significant cost reduction are the factors driving the growth of the telecom expense management market. Lack of interoperability and no set industry standards are the factors restraining the telecom expense management market. Lower deployment cost acts as an opportunity of the telecom expense management market. rnGlobal Telecom Expense Management Market by GeographyrnBased on regional analysis, the Global Telecom Expense Management Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia-Pacific (APAC) region is expected to significantly bolster growth in the TEM market. Middle East and Africa (MEA) is also expected to enter the high growth phase around the later part of the forecast period. North America is expected to account for the largest market share, followed by Europe and APAC for the forecast period.rnGlobal Telecom Expense Management Market Competitive LandscapernThe “Global Telecom Expense Management Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Vodafone Global Enterprise, Dimension Data, IBM, MDSL, Tangoe, Accenture, CGI, CSC, Econocom, Valicom, Anatole, Asentinel, Quickcomm Software Solutions, Rivermine, ProfitLine, MBG, Invoice Insight, Avotus, WidePoint Solutions Corporation Inc. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.r"}" data-sheets-user
  
  

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