Global Telecom Expense Management Market is growing with factors such as significant cost reduction and increase in adoption of mobile phones and other portable devices.
Increase in demand for TEM due to IoT and cloud based application is contributing to the growth of Telecom expense management market to a greater extent. However, lack of interoperability between solutions and different vendors is hindering the growth on the market.
Global Telecom Expense Management Market Scenario
According to Data Bridge Market Research, the market for Telecom expense management in North America has the highest market share followed by Europe and Asia-Pacific. Prospectus leader on the market of Telecom expense management are Vodafone Group followed by CGI Inc.
- In April 2021, Calero-MDSL, a U.S. based company announced the acquisition of MetaPort, the U.S. based company which is a leading telecom network mapping software company. With this acquisition the company will be able to deliver CIO and CTO organizations a unique inventory visualization which will provide a new level of visibility into their telecom estates. Thus the company will be able to expand its business in the technology expense management software space.
Trends Impacting the Market
Now the question is who are the key vendors & niche leaders of the Telecom expense management market. Data Bridge Market Research has forecasted a large growth in Asia-Pacific Telecom expense management market and the market leaders targeting Japan to be their next pocket revenue for 2021.
The Telecom expense management market is becoming more competitive with companies like Vodafone Group, CGI Inc., and Dimension Data among others. These are the top dominating companies in Telecom expense management market and have launched advanced services and solutions in the market. The data bridge market research new reports highlight the major growth factors and opportunities in the Global Telecom expense management market.
Telecom expense management Market Developments
- In April 2021, Calero-MDSL, a U.S. based company announced the acquisition of MetaPort, the U.S. based company which is a leading telecom network mapping software company. With this acquisition the company will be able to deliver CIO and CTO organizations a unique inventory visualization which will provide a new level of visibility into their telecom estates. Thus the company will be able to expand its business in the technology expense management software space.
- In July 2020, WidePoint Corporation, a U.S. based company announced that they secured a new contract from the Virginia Alcoholic Beverage Control Authority (Virginia ABC) to provide them with Telecom Expense Management services. The contract is for one year and contains four additional one-year renewal periods. Thus, the company will help Virginia ABC to face the challenges of pandemic by managing the companies telecom expenses.
- In October, Saaswedo announced that they have launched an End-User application. The solution will help to inform and educate company employees about the costs and uses of fixed and mobile telecommunications and IT services. Thus with the help of the solution the company will be able to provide telecom cost management solution to its customers.
Scope of the Telecom expense management Market
Global Telecom expense management market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Switzerland, Russia, Netherlands, Belgium, Ireland, Turkey, Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Philippines, Indonesia, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Israel, Egypt and Rest of Middle East and Africa.
- On the basis of offering, the global Telecom expense management market is segmented into solutions and services. Solutions is further sub-segmented on the basis of type into ordering & provisioning management, sourcing management, reporting & business management, invoice management, usage management, dispute management and others. Services is further sub-segmented on the basis of type into implementation & integration, training & consulting and support & maintenance. In 2021, solutions segment is expected to dominate the global telecom expense management market as it help in reducing of unnecessary cost and optimizing the telecom spending.
- On the basis of service delivery mode, the global Telecom expense management market has been segmented into licensed software, managed services and complete outsourcing and hosted. In 2021, licensed software segment is expected to dominate the global Telecom expense management market, as all the operations are carried out by the customer himself giving the transparency of all the spending carried out.
- On the basis of enterprise size, the global Telecom expense management market has been segmented into large enterprise and small & medium enterprise. In 2021, large enterprise segment is expected to dominate the global Telecom expense management market as most of the work of many large firms are carried on through telecommunication which increase the demand of TEM solution to reduce its spending on telecommunication.
- On the basis of end use, the global Telecom expense management market has been segmented into IT & telecom, BFSI, manufacturing, healthcare, transport & logistics, consumer goods & retail, energy & power, media & entertainment and others. All the segment are further divided into solutions and services. In 2021, IT & telecom segment is expected to dominate the global Telecom expense management market as the use of mobile phones for communication purposes has increased tremendously the need to TEM solution in the market is also rising.
To know more about the study Contact https://www.databridgemarketresearch.com/reports/global-telecom-expense-management-market
Key Pointers Covered in Telecom expense management Market Industry Trends and Forecast to 2028
- Market Size
- Top to Bottom Market Analysis
- Recent Developments for Market Competitors
- Recent Market Value for Different Countries
- Market value and over view of Telecom expense management market
- Company profiling of top eight players of Telecom expense management market
Key Market Competitors Covered in the Report
- Vodafone Group
- CGI Inc.
- Dimension Data
- Accenture
- Econocom
- Asignet. Technology DNA
- AVOTUS
- Calero-MDSL
- Cass Information Systems, Inc.
- Network Control
- One Source
- RadiusPoint
- Saaswedo
- Sakon
- Tangoe
- Tellennium
- Upland Software, Inc.
- VALICOM
- vMOX, LLC.
- WidePoint Corporation
Above are the key players covered in the report, to know about more and exhaustive list of Telecom expense management companies https://www.databridgemarketresearch.com/toc/?dbmr=global-telecom-expense-management-market
Research Methodology: Global Telecom expense management market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Manufacturer, Healthcare Industry, Scientists, Research Laboratories
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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