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Telecom Expense Management Market Size Worth USD 4.50 Bn | Industry Historical Analysis, Leading Growth Drivers, Emerging Audience, Segments, Sales, Profits & Analysis


"Telecom Expense Management Market"
The report on the global Telecom Expense Management market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.

Market Highlights:

Telecom expense management refers to a service adopted by enterprises for optimizing telecom cost, handling inventory management, bill payment, procurement and invoice management, and other functions carried on a single platform.

Increasing demand for mobile applications, growing popularity of portable equipment’s in enterprises and upcoming advancements in telecom expense management are driving the growth of the global telecom expense management market. Furthermore, increasing adoption of mobile devices, visibility into expense management, and growing popularity of cloud-based services are aiding the market growth.

The expanding telecom infrastructure necessitates the optimization of telecom cost, that is efficiently achieved by telecom expense management. Market reports associated with the information and communication technology industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is predicted to display an 18% CAGR growth in the forecast period.

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Major key Players

  • Accenture PLC (Ireland),
  • Avotus Corporation (Canada),
  • Control Point Solutions (U.S.),
  • Invoice Insights (U.S.),
  • MBG (U.S.),
  • Profitline (U.S.),
  • Tangoe (U.S.),
  • IBM (U.S.),
  • Ezwim B.V, MDSL (The Netherlands),
  • Econocom (Belgium)

 are some of the prominent players at the forefront of competition in the Global Telecom Expense Management Market and are profiled in MRFR Analysis.

According to Market Research Future Analysis, the global Telecom Expense Management Market is estimated to generate revenue of approximately USD 4 billion by 2023 growing at a CAGR of 18% during the forecast period 2017-2023.

Industry News

February 14, 2018 – Tangoe   is known as a leading provider of Telecom Expense Management (TEM) and Managed Mobility Services (MMS) solutions. The company announced the expansion of its Tangoe advisory services. The expanded services will enhance enterprise by optimizing their current expense management solutions with strategic sourcing of provider contracts, network transformation and expense management consulting.

June 16, 2017 - Avotus Corporation a prominent player in telecom expense management market, published that its 90% of the clients adopting Avotus wireless expense management team, are either or completely satisfied with the service. On the other hand, 97% of those users interfacing with the enhanced usage reporting team also responded in the same manner.

Segmentation:

The segmentation of telecom expense management market is carried out on the basis of service, solution, region, organization size, and end user. The end user segment comprises of BFSI, consumer goods & retail, automotive, transport and logistics, and others. The IT & telecommunication segment is projected to control the major share of the telecom expense management market due to the amplified IT infrastructure, development of markets across the globe, heightened spending on mobile devices, and advanced communications channels to connect with other users. The solution-based segmentation of the market is segmented into inventory management, dispute management, procurement management, invoice and contract management, and others. The service-based segmentation of the market consists of licensed software, managed service, hosted, and others. Lastly, the organization size based segmentation of the market includes small & medium enterprises and large enterprises. The regions counted in the market spread are Asia Pacific, North America, Europe, and Rest of the World.

Detailed Regional Analysis 

The telecom expense management market covers regions like Asia Pacific, North America, Europe, and Rest of the World. The North American region is heading the global market. The market is observing a swift growth period owing to technological developments and improving demand for mobile application development platforms across diverse industry verticals in this region. The U.S. is the foremost country in this regional market and commands a key share of the market equally in terms of revenue as well as the implementation of mobile applications. The Asia Pacific and the Middle Eastern region is anticipated to display maximum growth prospects in the market over the forecast period due to factors such as growing population, mounting mobile users, intensifying popularity of bring your own device technology (BYOD) and successful IT & telecommunication industry.

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Intended Audience

  • Technology Investors
  • Research/Consultancy firms
  • Technology Solution Providers
  • Government Bodies
  • Telecom Operators

LIST OF TABLES

Table 1 Global Telecom Expense Management Market: By Region, 2017-2023

Table 2 North America Telecom Expense Management: By Country, 2017-2023

Table 3 Europe Telecom Expense Management: By Country, 2017-2023

Table 4 Asia-Pacific Telecom Expense Management: By Country, 2017-2023

Table 5 Rest of the World Telecom Expense Management Market: By Country, 2017-2023

Continued….

LIST OF FIGURES

FIGURE 1 Global Telecom Expense Management market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Telecom Expense Management Market

FIGURE 4 Value Chain of Global Telecom Expense Management Market

Continued….

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Company Name: Market Research Future
Contact Person: Abhishek Sawant
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Website: https://www.marketresearchfuture.com/reports/telecom-expense-management-market-4771



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