The report of Global Telecom Expense Management Market by Solution (Sourcing Management, Reporting and Business Management, Dispute Management, Usage Management, Invoice Management, Ordering and Provisioning Management, Others), Service Delivery Mode (Hosted, Licensed Software, Managed Services and Complete Outsourcing), Vertical (Banking, Financial Services, and Insurance (BFSI), Consumer Goods and Retail, Healthcare, Manufacturing, IT and Telecom, Media and Entertainment, Transportation and Logistics, Others), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ XX Bn by 2027, at a CAGR of 17.6% during a forecast period.
The rapid evolution of telecom in the workforce is driving the growth, which is essentially gaining acceleration because of growing mobility and machine to machine phenomenon and associated bring your device trends. Organizations are experiencing a heavy burden of billing like large volumes of complex, invoices, contracts, which has reflected a greater adoption in the organization to better manage expenses.
IT and Telecom segment is expected to account for the largest XX% market share by 2027.
IT and Telecom services continue to grow and evolve, driven by the use of video, emerging IoT, cloud services, mobility, consumption-based services and digitalization. Telecommunication services are a major area of spending for enterprises, as enterprises are using these services to communicate with their clients and employees. The rising expenditure on these services has forced initiatives to focus on solutions that can reduce this expenditure.
North American region is projected to witness the fastest growth during the forecast period.
The North American region holds the largest XX% share of the global market followed by Europe, and APAC. The U.S and Canada are dominating the North American market because of rising technological enhancements and high usage of mobile devices. The region also has a well-established telecom infrastructure, which permits faster implementation of advanced technologies.
Key players operating in the Global Telecom Expense Management Market are, Vodafone Global Enterprise, Dimension Data, IBM, MDSL, Tangoe, Accenture, CGI, CSC, Econocom, Valicom, Anatole, Calero Software LLC
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Telecom Expense Management Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Telecom Expense Management Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Telecom Expense Management Market positioning of competitors.
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