Telecom Expense Management

Telecom Expense Management Market by Solution (Dispute Management, Inventory Management, Invoice Management), Service (Complete Outsourcing, Hosted service, Licensed Software), Deployment, End-Users, Vertical - Global Forecast 2024-2030

SKU
MRR-521BAA36EC2E
Region
Global
Publication Date
February 2024
Delivery
Immediate
2023
USD 3.62 billion
2030
USD 7.76 billion
2024
USD 4.03 billion
CAGR
11.48%
360iResearch Analyst
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[193 Pages Report] The Telecom Expense Management Market size was estimated at USD 3.62 billion in 2023 and expected to reach USD 4.03 billion in 2024, at a CAGR 11.48% to reach USD 7.76 billion by 2030.

Telecom Expense Management Market
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Telecom expense management (TEM) is a strategic approach used by businesses to manage and optimize their telecommunications services, including voice, data, and mobile communications. This comprehensive process involves sourcing, procurement, usage tracking, and payment of telecommunication services aimed at minimizing expenses and improving efficiency. The drivers increasing the adoption of TEM include the escalating complexity of telecom services, the increasing need for cost reduction, and the demand for improved operational efficiency. Businesses are driven toward TEM by the desire to harness the advantages of emerging technologies while managing their expense landscape effectively. However, the rapidly evolving telecom landscape presents a significant challenge, requiring constant adaptation and updates to TEM strategies. Integration issues with existing IT infrastructure and the lack of visibility into telecom expenses across different departments complicate effective management. Additionally, the specialized skills needed to navigate the complexities of telecom contracts and billing can be a barrier to effective TEM. Moreover, the opportunities presented by TEM are substantial. Improved cost management and operational efficiencies are notable benefits. The adoption of TEM practices offers enhanced visibility into telecom expenses, enabling businesses to make informed decisions regarding their telecom investments. Furthermore, with the advent of cutting-edge analytics and AI, companies are expected to gain deeper insights into their telecom usage patterns, potentially unlocking further savings and efficiencies.
Telecom Expense Management Market - Global Forecast 2024-2030
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FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Telecom Expense Management Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Telecom Expense Management Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Telecom Expense Management Market, highlighting leading vendors and their innovative profiles. These include Anatole by Asentinel, Auditel Inc., Avail, Avotus Corporation, Brightfin, Calero-MDSL, Cass Information Systems, Inc., CGI Inc., ExpenseLogic, Genuity, Globys, Inc. by N. Harris Computer Corp., Habble Srl, International Business Machines Corporation, Lightyear, Mindglobal, NTT Corporation, RadiusPoint, Sakon Inc., Tangoe, Inc. by Marlin, TeleManagement Technologies Inc., Tellennium, Inc., Upland Software Inc., Valicom Corporation, VoicePlus, and WidePoint Corporation.

Market Segmentation & Coverage

This research report categorizes the Telecom Expense Management Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Solution
    • Dispute Management
    • Inventory Management
    • Invoice Management
    • Ordering & Provisioning Management
    • Reporting & Business Management
    • Sourcing Management
    • Usage Management
  • Service
    • Complete Outsourcing
    • Hosted service
    • Licensed Software
    • Managed Service
  • Deployment
    • On-Cloud
    • On-Premises
  • End-Users
    • Large Enterprises
    • Small & Medium Enterprises
  • Vertical
    • Automotive
    • BFSI
    • Consumer Goods & Retail
    • Healthcare
    • IT & Telecom
    • Manufacturing
    • Media & Entertainment
    • Transportation & Logistic

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Telecom Expense Management Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Telecom Expense Management Market?
  3. What are the technology trends and regulatory frameworks in the Telecom Expense Management Market?
  4. What is the market share of the leading vendors in the Telecom Expense Management Market?
  5. Which modes and strategic moves are suitable for entering the Telecom Expense Management Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Telecom Expense Management Market, by Solution
  7. Telecom Expense Management Market, by Service
  8. Telecom Expense Management Market, by Deployment
  9. Telecom Expense Management Market, by End-Users
  10. Telecom Expense Management Market, by Vertical
  11. Americas Telecom Expense Management Market
  12. Asia-Pacific Telecom Expense Management Market
  13. Europe, Middle East & Africa Telecom Expense Management Market
  14. Competitive Landscape
  15. Competitive Portfolio
  16. List of Figures [Total: 26]
  17. List of Tables [Total: 482]
  18. List of Companies Mentioned [Total: 25]
Frequently Asked Questions
  1. How big is the Telecom Expense Management Market?
    Ans. The Global Telecom Expense Management Market size was estimated at USD 3.62 billion in 2023 and expected to reach USD 4.03 billion in 2024.
  2. What is the Telecom Expense Management Market growth?
    Ans. The Global Telecom Expense Management Market to grow USD 7.76 billion by 2030, at a CAGR of 11.48%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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