The Global Telecom Expense Management Market is expected to grow at a significant CAGR during the forecast period. The organisations use telecom expenditure management to cut the cost of operating communication infrastructure. It helps businesses in streamlining operations, resulting in increased demand for the telecom expense management industry. Because businesses are dealing with a high amount of invoices and contracts, telecom cost management is becoming more popular as a way to better control spending, driving the market’s development. Telecom expenditure management increases flexibility, improves efficiency, saves time, and lowers operating costs, all of which contribute to the telecom expense management market’s growth.
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Increasing relevance of mobile devices and cellular communications services in corporate internal telecom networks, organisations must implement a monitoring and management system for the use and cost of various telecom assets and resources. The growing integration of personalised mobile devices such as smartphones, laptops, and tablets as part of the growing enterprise mobility trend, as well as bring your own device (BYOD) and choose your own device (CYOD) strategies, have been key drivers of the global telecom expense management market.
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In July 2020, Tangoe, a leading provider of corporate technology expenditure management and managed mobility services, announced that it had successfully passed ISO 27001 accreditation, proving that the firm has been investing in people, processes, and technology to secure the organisation’s data.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Solution Type
o By Service
o By End-users
- Competitive Landscape- Accenture PLC, Avotus Corporation, Calero Software LLC, Tangoe Inc., and Valicom Corporation, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Telecom Expense Management Market Segmentation
By Solution
- Invoice Management
- Sourcing Management
- Business Management
- Dispute Management
- Other Solutions
By Service
- Hosted Service
- Managed Service
By End-user Industry
- BFSI
- Consumer Goods & Retail
- Manufacturing
- IT & Telecom
- Healthcare
- Other End-user Industries
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