Telecom Expense Management Market: Global Industry Analysis and Forecast (2023-2029)
Market Values:
The Telecom Expense Management Market, valued at US$ 3.41 Bn. in 2022, is projected to experience a robust growth with a CAGR of 10.5% from 2023 to 2029, reaching nearly US$6.86 Bn.
Report Scope:
The report provides a comprehensive analysis of the Telecom Expense Management Market, covering solutions such as Sourcing Management, Reporting and Business Management, Dispute Management, Usage Management, Invoice Management, Ordering and Provisioning Management, and Others. Additionally, it delves into various end-user industries, including Banking, Financial Services, and Insurance (BFSI), Consumer Goods and Retail, Healthcare, Manufacturing, IT and Telecom, Media and Entertainment, Transportation and Logistics, and Others.
Research Methodology:
The research methodology employed includes a detailed analysis of market dynamics, leveraging business intelligence (BI) and reporting to facilitate strategic decision-making. The report incorporates insights from key players, market leaders, followers, and new entrants. The analysis involves PORTER and PESTEL assessments, considering the potential impact of micro-economic factors.
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Dynamics:
The Telecom Expense Management market has become indispensable for businesses, irrespective of size or sector. Key trends include a growing demand for efficient telecom expenditure management methods, coinciding with the expansion of business telecom infrastructures. Factors contributing to market growth include the increased use of mobile apps, acceptance of portable equipment, technological advancements, and rising popularity of cloud-based services.
The integration of individual mobile devices under mobility policies like choose-your-own-device (CYOD) and bring-your-own-device (BYOD) has transformed the market, emphasizing the need for comprehensive systems to manage and monitor costs and consumption of telecommunications resources.
Regional Insights:
North America is expected to hold the largest market share of 42% by 2029, driven by the presence of significant players and the growing need for telecom expenditure management systems, particularly due to the rise in remote workers.
Conclusion:
The Telecom Expense Management Market is witnessing substantial growth, driven by evolving trends, technological advancements, and the imperative need for efficient cost management systems. The report provides stakeholders with a clear and comprehensive analysis, offering valuable insights into market dynamics, regional trends, and competitive landscapes, positioning it as an invaluable resource for decision-makers in the industry.
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Telecom Expense Management Marke Segmentation:
by Solution
Sourcing Management
Reporting and Business Management
Dispute Management
Usage Management
Invoice Management
Ordering and Provisioning Management
Others
by Service
Hosted
Licensed Software
Managed Services and Complete Outsourcing
Telecom Expense Management Marke Key Players:
1. Vodafone Global Enterprise
2. Dimension Data
3. IBM
4. MDSL
5. Tangoe
6. Accenture
7. CGI
8. CSC
9. Econocom
10. Valicom
11. Anatole
12. Calero Software LLC
13. Asentinel
14. Quickcomm Software Solutions
15. Rivermine
16. ProfitLine
17. MBG
18. Invoice Insight
19. Avotus
20. WidePoint Solutions Corporation Inc.
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Table of content for the Telecom Expense Management Marke includes:
Key Offerings:
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