Telecom Expense Management Market: Global Industry Analysis and Forecast (2021-2027), Key Trends.

Telecom Expense Management Market size was valued at US$ 2.80 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 10.5% through 2021 to 2027, reaching nearly US$ 5.63 Bn.

Telecom Expense Management Market Overview:

IT teams can use Telecom Expense Management (TEM) services to order, support, and manage the costs of large-scale business communications, as well as supporting IT services and inventory. TEM services may include business intelligence (BI) and reporting to assist C-level executives in making better strategic decisions. Some of the telecom expense management systems include sourcing management, reporting and business management, dispute management, use management, invoicing management, and ordering and provisioning management. Telecom Expense Management Market To know about the Research Methodology :- Request Free Sample Report Though market forecasting through 2027 is based on real output, demand and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2027 is done based on past data from 2016 to 2019 with the impact of global lock down on the market in 2020 and 2021.

Telecom Expense Management Market Dynamics:

Telecom Expense Management has become a must-have technique for all businesses, regardless of size or sector. One of the market's altering trends is the rising demand for efficient telecom expenditure management methods, which has coincided with the rise of business telecom infrastructures in recent years. The telecom expenditure management market is growing due to rising demand for mobile apps, increased acceptance of portable equipment in numerous companies, and technological developments in telecom cost management systems. Moreover, rising mobile device penetration, insight into spending management, and the rising popularity of cloud-based services are all contributing to market growth. Over the last few years, the market has been transformed by the ongoing trend of integrating individual mobile devices such as smart phones, laptops, and tablets under mobility policies such as choose-your-own-device (CYOD) and bring-your-own-devices for one. In addition, the increased integration of mobile devices into internal telecom networks has highlighted the need for a comprehensive system to manage and monitor costs and consumption of telecommunications resources. Besides that, Tangoe, a complete solution for order, invoice, inventory, and expense management across the telecom, mobile, and cloud environments, reported growth in June 2020, as companies work to control costs and rein in unnecessary spending during the economic downturn brought on by the COVID-19 pandemic. In the first half of 2020, the company increased its customer base by 16% while raising its retention rate to over 90%. Despite the global epidemic, the company's success is mostly representative of a broader trend, as businesses increasingly use the cost management system as a crucial tool to combat the economic headwinds caused by COVID-19.

Telecom Expense Management Market Segment Analysis:

Based on the Solution, the market is segmented into Sourcing Management, Reporting and Business Management, Dispute Management, Usage Management, Invoice Management, Ordering and Provisioning Management, and Others. Invoice Management segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. The benefits of invoice management include the elimination of payment delays and associated issues such as vendor relationship jeopardy, work pause, etc., consistent speedy invoice processing, and the prevention of errors and data loss. Telecom Expense Management MarketBased on the End-User Industry, the market is segmented into Banking, Financial Services, and Insurance (BFSI), Consumer Goods and Retail, Healthcare, Manufacturing, IT and Telecom, Media and Entertainment, Transportation and Logistics, and Others. Banking, Financial Services, and Insurance (BFSI) segment is expected hold the largest market share of xx% by 2027. There has been increasing competition among service providers to develop telecom expenditure management services for the BFSI industry, allowing them to gain a competitive advantage over other end-users. Financial institutions and the insurance industry may save the most money and keep their communication expenses under control by implementing these solutions. Cass Information Systems Inc., for example, assists financial, banking, and insurance companies in fully managing their telecommunications, including mobility services and BYOD management. Banking clients will be able to track their telecom bills for particular branches and compare them to other locations. Meanwhile, insurance clients appreciate the solution's ability to track overall expenditures assigned to remote personnel, giving them a clear picture of their remote costs.

Telecom Expense Management Market Regional Insights:

North America dominates the Global Telecom Expense Management market during the forecast period 2021-2027. North America is expected hold the largest market share of 42% by 2027. North America is one of Telecom Expense Management Market's most important markets. The presence of established significant players in the Telecom Expense Management industry in the North America region is boosting commercial prospects for providers. In addition, the need for telecom expenditure management systems is booming due to the growing number of remote workers. Governments' increasing use of TEM solutions to manage their telecom expenses are expected to drives the Telecom Expense Management market growth in North America during the forecast period 2021-2027. Telecom Expense Management MarketThe objective of the report is to present a comprehensive analysis of the Global Telecom Expense Management Market to the stakeholders in the industry. The past and current status of the industry with the 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 include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have 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 reports also help in understanding the Global Telecom Expense Management Market dynamic, structure by analyzing the market segments and project the Global Telecom Expense Management Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Telecom Expense Management Market make the report investor’s guide.

Telecom Expense Management Market Scope: Inquiry Before Buying

Telecom Expense Management Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 2.80 Bn.
Forecast Period 2021 to 2027 CAGR: 10.5% Market Size in 2027: US $ 5.63 Bn.
Segments Covered: 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
by End-User Industry • Banking, Financial Services, and Insurance (BFSI) • Consumer Goods and Retail • Healthcare • Manufacturing • IT and Telecom • Media and Entertainment • Transportation and Logistics • Others

Telecom Expense Management Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Telecom Expense Management Market Key Players

Vodafone Global Enterprise • Dimension Data • IBM • MDSL • Tangoe • Accenture • CGI • CSC • Econocom • Valicom • Anatole • Calero Software LLC • Asentinel • Quickcomm Software Solutions • Rivermine • ProfitLine • MBG • Invoice Insight • Avotus • WidePoint Solutions Corporation Inc. Frequently Asked Questions: 1] What segments are covered in Telecom Expense Management Market report? Ans. The segments covered in Telecom Expense Management Market report are based on Solution, Service, and End-User Industry. 2] Which region is expected to hold the highest share in the Telecom Expense Management Market? Ans. North America is expected to hold the highest share in the Telecom Expense Management Market. 3] Who are the top key players in the Telecom Expense Management Market? Ans. Vodafone Enterprise, Dimension Data, IBM, MDSL, and Tangoe are the top key players in the Telecom Expense Management Market. 4] Which segment holds the largest market share in the Telecom Expense Management market by 2027? Ans. Banking, Financial Services, and Insurance (BFSI) segment holds the largest market share in the Telecom Expense Management market by 2027. 5] What is the market size of the Telecom Expense Management market by 2027? Ans. The market size of the Telecom Expense Management market is US $5.63 Bn. by 2027. 6] What was the market size of the Telecom Expense Management market in 2020? Ans. The market size of the Telecom Expense Management market was worth US $2.80 Bn. in 2020.
1. Global Telecom Expense Management Market: Research Methodology 2. Global Telecom Expense Management Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Telecom Expense Management Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Telecom Expense Management Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Telecom Expense Management Market Segmentation 4.1 Global Telecom Expense Management Market, by Solution (2020-2027) • Sourcing Management • Reporting and Business Management • Dispute Management • Usage Management • Invoice Management • Ordering and Provisioning Management • Others 4.2 Global Telecom Expense Management Market, by Service (2020-2027) • Hosted • Licensed Software • Managed Services and Complete Outsourcing 4.3 Global Telecom Expense Management Market, by End-User Industry (2020-2027) • Banking, Financial Services, and Insurance (BFSI) • Consumer Goods and Retail • Healthcare • Manufacturing • IT and Telecom • Media and Entertainment • Transportation and Logistics • Others 5. North America Telecom Expense Management Market (2020-2027) 5.1 Global Telecom Expense Management Market, by Solution (2020-2027) • Sourcing Management • Reporting and Business Management • Dispute Management • Usage Management • Invoice Management • Ordering and Provisioning Management • Others 5.2 Global Telecom Expense Management Market, by Service (2020-2027) • Hosted • Licensed Software • Managed Services and Complete Outsourcing 5.3 Global Telecom Expense Management Market, by End-User Industry (2020-2027) • Banking, Financial Services, and Insurance (BFSI) • Consumer Goods and Retail • Healthcare • Manufacturing • IT and Telecom • Media and Entertainment • Transportation and Logistics • Others 5.4 North America Telecom Expense Management Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Telecom Expense Management Market (2020-2027) 6.1. Asia Pacific Telecom Expense Management Market, by Solution (2020-2027) 6.2. Asia Pacific Telecom Expense Management Market, by Service (2020-2027) 6.3. Asia Pacific Telecom Expense Management Market, by End-User Industry (2020-2027) 6.4. Asia Pacific Telecom Expense Management Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Telecom Expense Management Market (2020-2027) 7.1 Middle East and Africa Telecom Expense Management Market, by Solution (2020-2027) 7.2. Middle East and Africa Telecom Expense Management Market, by Service (2020-2027) 7.3. Middle East and Africa Telecom Expense Management Market, by End-User Industry (2020-2027) 7.4. Middle East and Africa Telecom Expense Management Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Telecom Expense Management Market (2020-2027) 8.1. Latin America Telecom Expense Management Market, by Solution (2020-2027) 8.2. Latin America Telecom Expense Management Market, by Service (2020-2027) 8.3. Latin America Telecom Expense Management Market, by End-User Industry (2020-2027) 8.4. Latin America Telecom Expense Management Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Telecom Expense Management Market (2020-2027) 9.1. European Telecom Expense Management Market, by Solution (2020-2027) 9.2. European Telecom Expense Management Market, by Service (2020-2027) 9.3. European Telecom Expense Management Market, by End-User Industry (2020-2027) 9.4. European Telecom Expense Management Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Vodafone Global Enterprise 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Dimension Data 10.3. IBM 10.4. MDSL 10.5. Tangoe 10.6. Accenture 10.7. CGI 10.8. CSC 10.9. Econocom 10.10. Valicom 10.11. Anatole 10.12. Calero Software LLC 10.13. Asentinel 10.14. Quickcomm Software Solutions 10.15. Rivermine 10.16. ProfitLine 10.17. MBG 10.18. Invoice Insight 10.19. Avotus 10.20 WidePoint Solutions Corporation Inc.

About This Report

Report ID 54946
Category Information Technology & Telecommunication
Published Date March 2020
Updated Date Dec 2021
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