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.
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.
Global Telecom Expense Management Market Segmentation
- By Solution
o Invoice Management
o Sourcing Management
o Business Management
o Dispute Management
o Other Solutions
- By Service
o Hosted Service
o Managed Service
- By End-user Industry
o BFSI
o Consumer Goods & Retail
o Manufacturing
o IT & Telecom
o Healthcare
o Other End-user Industries
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Telecom Expense Management Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Accenture PLC
- Avotus Corporation
- Calero Software LLC
- Tangoe Inc.
- Valicom Corporation
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