Telecom Expense Management Market Is Expected To Reach Around USD 9.74 Billion by 2032

The prominent companies in the sales performance management market are Asentinel LLC, Anatole SAS, Ezwim B.V, Calero Software LLC, Valicom Corporation, Tangoe, Inc., WidePoint Solutions Corporation, Inc., Avotus Corporation, Vodafone Global Enterprise, and IBM, among others. These players are claimed to augment the global telecom expense management market

Zion Market Research has published a new report titled “Telecom Expense Management Market by Solutions (Ordering and Provisioning Management, Dispute Management, Inventory Management, Reporting and Business Management, Invoice and Contract Management, Sourcing Management, Usage Management, and Others), by Service Delivery Modes (Complete Outsourcing, Managed Services, Hosted, and Licensed Software), by Enterprise Size (Small and Medium Enterprises, and Large Enterprises), by Verticals (Banking, Financial Services, and Insurance (BFSI), Healthcare, Automotive, Consumer Goods and Retail, Manufacturing, Media and Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024-2032”.

According to the report,  the global Telecom Expense Management Market was valued at USD 3.38 Billion in 2023 and is projected to hit USD 9.74 Billion by 2032, with a compound annual growth rate (CAGR) of 12.5% during the forecast period 2024-2032.

Rising Acceptance of Mobile Phones To Augment The Market Growth

Telecom Expense Management has currently become an essential practice for enterprises of all sizes, operating across any business domain/industry. Fueling the requirement for efficient telecom expense management practices are few of the transforming trends and the sheer expansion observed in business telecom infrastructures in the past few years. The trend of letting integration of individual mobile devices such as; smart phones, tablets, and laptops, under mobility policies such as choose-your-own-device (CYOD), and bring-your-own-devices for one, has been transforming the global TEM market in the coming future. The augmented integration of mobile devices in inner telecom networks has been highlighting the requirement for existence of a holistic system for managing and monitoring costs and usage of telecom resources being bushed. While talking about developments, corporate telecom infrastructures is currently boosting a huge number of communication channels linking several companies to their clients, consumers, and employees. The volume of facts being replaced across these channels has also exponentially augmented in the years to come.

The global telecom expense management market is expected to grow at a higher rate over the next few years. Some of the important trends that the telecom expense management market is experiencing consist of high growth prospects in up-and-coming economies, growing popularity of portable equipment in enterprises and current technological expansions in telecom expense management market. The wide-ranging telecom expense management market estimates are the end result of our in-depth derivative research, key interviews, and in-house specialist team reviews. These market estimations have been investigated by taking into account the collision of various social, political, economic, technical, and legal aspects along with the recent market dynamics influencing the global market growth.

High Popularity of SPM Technology To Help North America Dominate Market

North America is currently the leading regional market for the global telecom expense management and is anticipated to grow at the highest revenue generation in the years to come. In this comparatively mature market, few aspects such as the widespread usage of mobile devices in enterprises, technically highly developed and thus tremendously complex telecom infrastructures and existence of a huge number of telecom expense management providers will support the future development of North America telecom expense management market.

On the other hand, the global telecom expense management market will experience the most promising expansion in up-and-coming regional markets such as the Middle East, and Asia Pacific and Africa in the coming years. In Asia Pacific, existence of a vast number of IT services and product companies, growing popularity of CYOD and BYOD policies, and enhancing IT and telecom infrastructures will fuel the requirement for efficient telecom expense management products and services.

Browse the full “Telecom Expense Management Market by Solutions (Ordering and Provisioning Management, Dispute Management, Inventory Management, Reporting and Business Management, Invoice and Contract Management, Sourcing Management, Usage Management, and Others), by Service Delivery Modes (Complete Outsourcing, Managed Services, Hosted, and Licensed Software), by Enterprise Size (Small and Medium Enterprises, and Large Enterprises), by Verticals (Banking, Financial Services, and Insurance (BFSI), Healthcare, Automotive, Consumer Goods and Retail, Manufacturing, Media and Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/telecom-expense-management-market

The global telecom expense management market is segmented as follows:

By Solutions

• Ordering and Provisioning Management
• Dispute Management
• Inventory Management
• Reporting and Business Management
• Invoice and Contract Management
• Sourcing Management
• Usage Management
• Others

By Services

• Complete Outsourcing
• Managed Services
• Hosted
• Licensed Software

By Enterprise Size

• Small and Medium Enterprises
• Large Enterprises

By Verticals

• Banking, Financial Services, and Insurance (BFSI)
• Healthcare
• Automotive
• Consumer Goods and Retail
• Manufacturing
• Media and Entertainment
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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