Telecom Expense Management Market Overview:
Telecom Expense Management Market refers to the enterprise wide communications integration and expense monitoring solution for IT services, Internet of Things, cloud licenses, fixed storage solutions, mobile voice and data communications. The rising need to streamline telecom costs amid growing popularity of replacing conventional telecommunication systems with converged IT systems such as tablets and smartphones that offer mobility as well as communications is primed to surge the global adoption of TEM solutions. With expanding internal telecom networks and their increasing complexity, enterprises are opting for efficient TEM solutions. The rapid rise in importance of mobile devices and cellular communications services in internal telecom networks of enterprises is necessitating companies to adopt a monitoring and management system for usage and cost of various telecom assets and resources. The growing integration of personalized mobile devices such as smartphones, laptops and tablets as part of the growing enterprise mobility trend and bring your device (BYOD) or choose your own device (CYOD) strategies have been vital factors fueling growth in the global telecom expense management market.
By solution, the global telecom expense management market is classified into invoice management, sourcing management, business management, dispute management, and others.The invoice management segment held a significant market share in 2020 and is projected to register a robust CAGR by the end of 2028. Rising competition among the service providers to enhance TEM service available for the BFSI sector thus helping them to gain a competitive edge across different end-users is likely to boost the segment growth. Moreover, with growing usage of these solutions, the financial institutions and the insurance sector are known to avail high savings and ensure that their telecom bills under control. Also, banking clients can track their telecom costs for individual branches as well as benchmark them against one another. The insurance clients like the solution’s ability to track the total costs assigned to employees working remotely for clear visibility into remote costs. The IT & telecom segment is projected to register a substantial CAGR in the following years. The high integration of mobile devices in the inner telecom networks is highlighting the need towards the existence of a holistic system for managing & monitoring costs, thereby bolstering the segment growth.
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The Telecom Expense Management Market is segmented as below:
By Geographical Landscape
This study identifies the rapid advances in technologies driving demand for scalable management solutions as one of the prime reasons driving the telecom expense management software market growth during the next few years.
The report on telecom expense management software market covers the following areas:
Telecom expense management software market sizing
Telecom expense management software market forecast
Telecom expense management software market industry analysis
A selection of companies mentioned in this report includes:
Cass Information Systems Inc.
Nippon Telegraph and Telephone Corp.
Vodafone Group Plc
Table of Contents
1.1 Objectives of the Study
1.2 Markets Covered
1.4 Market Scope
2 Research Methodology
2.1 Market Size Estimation
2.2 Market Share Estimation
2.2.1 Key Data Taken From Secondary Sources
2.2.2 Key Data From Primary Sources
3 Executive Summary
4 Premium Insights
4.1 Overall Telecom Expense Management Market Scenario
4.2 Primaries With Industry Experts
4.3 TEM Market: Three Service Delivery Modes
4.4 TEM Market – Seven Solutions
4.5 Geographic Snapshot
13 Company Profiles
(Overview, Products & Services, Strategies & Insights, Developments and Mnm View)*
13.2 Vodafone Global Enterprise
13.3 Dimension Data
14.1 Discussion Guide
14.2 Introducing RT: Real Time Market Intelligence
14.3 Available Customizations
14.4 Related Reports
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