Telecom Expense Management has become a must-have technique for all businesses, regardless of size or industry. One of the developing trends, in conjunction with the rise of commercial communication infrastructures in recent years, is the rising demand for effective telecom expenditure management procedures. This factor is anticipated to bolster development of the global telecom expense management market in the years to come.
The global market is growing due to rising demand for mobile apps, growing acceptance of portable equipment in numerous companies, and technical developments in telecom cost management systems. In addition to that, insight into spending management, rising mobile device penetration, and the increasing popularity of cloud-based services are all likely to add to the development of the global telecom expense management market.
There has been growing incorporation of mobile devices into internal telecom networks has highlighted the need for a comprehensive system to manage and monitor expenses and consumption of telecommunications resources.
Telecommunication services are a significant area of expense for businesses, since they are used to interact with consumers and staff. The rising cost of these services has led businesses to concentrate on solutions that might help them save costs. As a result, businesses have shifted their focus to telecom exchange management solutions, which allow them to cut their telecom spending. These solutions provide ways to give the same services at a lower cost, lowering telecom spending. Gaining control over telecom expenditures would also free up monies that can be used by businesses for other purposes, boosting the performance of their core tasks.
Companies are increasingly using telecom-related services to improve communication across their many business divisions, partners, and clients, all of whom are situated in different geographic regions. In addition to the rapid internationalization of organizations over the last decade, firms must use the most up-to-date communication tactics in order to stay up with the very dynamic market environment. Companies have been forced to adopt cost-effective telecom expense management (TEM) solutions as a result of rising telecom charges resulting from the incorporation of latest telecom-enabled services.
The rising usage of mobile phones, getting control over spending, and the need for visibility over expenses are the primary reasons driving the global telecom expense management market. The global telecom expense management market has a lot of room for development because of the low implementation costs and increased demand for cost-effective telecom expense management solutions.
The Asia Pacific region is likely to have considerable market development during the forecast period, due to a rising number of mobile users, the rising popularity of bring your own device (BYOD) regulations, expanding population, and thriving IT and communications industries. The need for effective telecom expenditure management products and services will be fueled by the existence of a large number of IT firms, the rising popularity of BYOD and CYOD related rules, and the enhancement of IT and telecom infrastructures.
Due to the widespread use of hybrid IT API design, the area has seen a dramatic transformation in the telecom sector, with the majority of enterprises migrating their business-critical infrastructure to the cloud platforms.
In addition, progress in the digital economy strategy amongst developing countries is still being made, which has definitely supported the cloud-first approach across the area. The main goal of this program is to migrate legacy processes from on-premise systems to the cloud in order to interface with middleware applications throughout the whole communication industry.
Furthermore, continuing cooperation amongst the region's major businesses are expected to boost demand for these solutions. For example, China Unicom, one of the are in the a's top mobile network service providers by number of users, and Alibaba Group Holding have announced a collaboration in the sector of networking services, which is likely to boost growth of the telecom expense management market in the region.
Telecom Expense Management Market is growing at a CAGR of 13.5% CAGR during the forecast period 2016-2024.
The managed services segment is slated to expand as the fastest-growing segment.
The transport and logistics segment of the global telecom expense management is slated to observe high growth.
North America is the leading the global market for telecom expense management.
Leading and most prominent players functional within the global telecom expense management market include Anatole SAS, Calero Software LLC, Tangoe, Inc., Avotus Corporation, Asentinel LLC, Ezwim B. V., Valicom Corporation, and WidePoint Solutions Corporation, among others
Table of Content
1. Preface
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
2. Executive Summary
2.1. Global Telecom Expense Management Market Snapshot
2.2. Global Telecom Expense Management Market Revenue, 2014 – 2024 (US$ Mn) and Year-on-Year Growth (%)
3. Global Telecom Expense Management Market Analysis, 2014 – 2024 (US$ Mn)
3.1. Overview
3.2. Key Trends Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Restraints
3.3.3. Opportunities
3.4. Global Telecom Expense Management Market Revenue, By Application, 2014 – 2024 (US$ Mn)
3.4.1. Overview
3.4.2. Financial Management
3.4.3. Order Management
3.4.4. Business Intelligence
3.4.5. Inventory Management
3.4.6. Contract Management
3.4.7. Dispute Management
3.4.8. Others (Incident Management, Design and Optimization Management, Security Management)
3.5. Global Telecom Expense Management Market Revenue, By Mode of Delivery, 2014 – 2024 (US$ Mn)
3.5.1. Overview
3.5.2. Managed Services
3.5.3. Complete Outsourcing
3.5.4. Cloud Services
3.6. Global Telecom Expense Management Market Revenue, By End-use Adoption, 2014 – 2024 (US$ Mn)
3.6.1. Overview
3.6.2. Banking, Financial Services, and Insurance (BFSI)
3.6.3. Retail
3.6.4. IT and Telecommunication
3.6.5. Healthcare
3.6.6. Transportation and Logistics
3.6.7. Manufacturing
3.6.8. Government and Defense
3.6.9. Others (Utilities and Media and Entertainment)
3.7. Competitive Landscape
3.7.1. Market Positioning of Key Players, 2015
3.7.2. Competitive Strategies Adopted by Leading Players
4. North America Telecom Expense Management Market Analysis, 2014 – 2024 (US$ Mn)
4.1. Key Trends Analysis
4.2. North America Telecom Expense Management Market Revenue, By Application, 2014 – 2024 (US$ Mn)
4.2.1. Financial Management
4.2.2. Order Management
4.2.3. Business Intelligence
4.2.4. Inventory Management
4.2.5. Contract Management
4.2.6. Dispute Management
4.2.7. Others (Incident Management, Design and Optimization Management, Security Management)
4.3. North America Telecom Expense Management Market Revenue, By Mode of Delivery, 2014 – 2024 (US$ Mn)
4.3.1. Managed Services
4.3.2. Complete Outsourcing
4.3.3. Cloud Services
4.4. North America Telecom Expense Management Market Revenue, By End-use Adoption, 2014 – 2024 (US$ Mn)
4.4.1. Banking, Financial Services, and Insurance (BFSI)
4.4.2. Retail
4.4.3. IT and Telecommunication
4.4.4. Healthcare
4.4.5. Transportation and Logistics
4.4.6. Manufacturing
4.4.7. Government and Defense
4.4.8. Others (Utilities and Media and Entertainment)
4.5. North America Telecom Expense Management Market Revenue, By Region, 2014 – 2024 (US$ Mn)
4.5.1. The U.S.
4.5.2. Rest of the North America
5. Europe Telecom Expense Management Market Analysis, 2014 – 2024 (US$ Mn)
5.1. Key Trends Analysis
5.2. Europe Telecom Expense Management Market Revenue, By Application, 2014 – 2024 (US$ Mn)
5.2.1. Financial Management
5.2.2. Order Management
5.2.3. Business Intelligence
5.2.4. Inventory Management
5.2.5. Contract Management
5.2.6. Dispute Management
5.2.7. Others (Incident Management, Design and Optimization Management, Security Management)
5.3. Europe Telecom Expense Management Market Revenue, By Mode of Delivery, 2014 – 2024 (US$ Mn)
5.3.1. Managed Services
5.3.2. Complete Outsourcing
5.3.3. Cloud Services
5.4. Europe Telecom Expense Management Market Revenue, By End-use Adoption, 2014 – 2024 (US$ Mn)
5.4.1. Banking, Financial Services, and Insurance (BFSI)
5.4.2. Retail
5.4.3. IT and Telecommunication
5.4.4. Healthcare
5.4.5. Transportation and Logistics
5.4.6. Manufacturing
5.4.7. Government and Defense
5.4.8. Others (Utilities and Media and Entertainment)
5.5. Europe Telecom Expense Management Market Revenue, By Region, 2014 – 2024 (US$ Mn)
5.5.1. EU7 (The UK, Italy, Spain, France, Germany, Belgium and Netherlands)
5.5.2. CIS
5.5.3. Rest of Europe
6. Asia Pacific (APAC) Telecom Expense Management Market Analysis, 2014 – 2024 (US$ Mn)
6.1. Key Trends Analysis
6.2. APAC Telecom Expense Management Market Revenue, By Application, 2014 – 2024 (US$ Mn)
6.2.1. Financial Management
6.2.2. Order Management
6.2.3. Business Intelligence
6.2.4. Inventory Management
6.2.5. Contract Management
6.2.6. Dispute Management
6.2.7. Others (Incident Management, Design and Optimization Management, Security Management)
6.3. APAC Telecom Expense Management Market Revenue, By Mode of Delivery, 2014 – 2024 (US$ Mn)
6.3.1. Managed Services
6.3.2. Complete Outsourcing
6.3.3. Cloud Services
6.4. APAC Telecom Expense Management Market Revenue, By End-use Adoption, 2014 – 2024 (US$ Mn)
6.4.1. Banking, Financial Services, and Insurance (BFSI)
6.4.2. Retail
6.4.3. IT and Telecommunication
6.4.4. Healthcare
6.4.5. Transportation and Logistics
6.4.6. Manufacturing
6.4.7. Government and Defense
6.4.8. Others (Utilities and Media and Entertainment)
6.5. APAC Telecom Expense Management Market Revenue, By Region, 2014 – 2024 (US$ Mn)
6.5.1. Japan
6.5.2. China
6.5.3. South East Asia
6.5.4. Australasia
6.5.5. Rest of APAC
7. Middle-East and Africa (MEA) Telecom Expense Management Market Analysis, 2014 – 2024 (US$ Mn)
7.1. Key Trends Analysis
7.2. MEA Telecom Expense Management Market Revenue, By Application, 2014 – 2024 (US$ Mn)
7.2.1. Financial Management
7.2.2. Order Management
7.2.3. Business Intelligence
7.2.4. Inventory Management
7.2.5. Contract Management
7.2.6. Dispute Management
7.2.7. Others (Incident Management, Design and Optimization Management, Security Management)
7.3. MEA Telecom Expense Management Market Revenue, By Mode of Delivery, 2014 – 2024 (US$ Mn)
7.3.1. Managed Services
7.3.2. Complete Outsourcing
7.3.3. Cloud Services
7.4. MEA Telecom Expense Management Market Revenue, By End-use Adoption, 2014 – 2024 (US$ Mn)
7.4.1. Banking, Financial Services, and Insurance (BFSI)
7.4.2. Retail
7.4.3. IT and Telecommunication
7.4.4. Healthcare
7.4.5. Transportation and Logistics
7.4.6. Manufacturing
7.4.7. Government and Defense
7.4.8. Others (Utilities and Media and Entertainment)
7.5. MEA Telecom Expense Management Market Revenue, By Region, 2014 – 2024 (US$ Mn)
7.5.1. GCC
7.5.2. South Africa
7.5.3. Rest of MEA
8. Latin America Telecom Expense Management Market Analysis, 2014 – 2024 (US$ Mn)
8.1. Key Trends Analysis
8.2. Latin America Telecom Expense Management Market Revenue, By Application, 2014 – 2024 (US$ Mn)
8.2.1. Financial Management
8.2.2. Order Management
8.2.3. Business Intelligence
8.2.4. Inventory Management
8.2.5. Contract Management
8.2.6. Dispute Management
8.2.7. Others (Incident Management, Design and Optimization Management, Security Management)
8.3. Latin America Telecom Expense Management Market Revenue, By Mode of Delivery, 2014 – 2024 (US$ Mn)
8.3.1. Managed Services
8.3.2. Complete Outsourcing
8.3.3. Cloud Services
8.4. Latin America Telecom Expense Management Market Revenue, By End-use Adoption, 2014 – 2024 (US$ Mn)
8.4.1. Banking, Financial Services, and Insurance (BFSI)
8.4.2. Retail
8.4.3. IT and Telecommunication
8.4.4. Healthcare
8.4.5. Transportation and Logistics
8.4.6. Manufacturing
8.4.7. Government and Defense
8.4.8. Others (Utilities and Media and Entertainment)
8.5. Latin America Telecom Expense Management Market Revenue, By Region, 2014 – 2024 (US$ Mn)
8.5.1. Brazil
8.5.2. Rest of the Latin America
9. Company Profiles
9.1. Anatole SAS
9.1.1. Company Details (HQ, Foundation Year, Employee Strength)
9.1.2. Market Presence, By Segment and Geography
9.1.3. Key Developments
9.1.4. Strategy and Historical Roadmap
9.1.5. Revenue and Operating Profits
* Similar details are provided for all the players mentioned below
9.2. Asentinel LLC
9.3. Avotus Corporation
9.4. Calero Software LLC
9.5. Cimpl
9.6. Comview LLC
9.7. Ezwim B.V.
9.8. MDSL
9.9. Tangoe, Inc.
9.10. Valicom Corporation
9.11. Veropath Limited (IntelligentComms)
9.12. WidePoint Solutions Corporation, Inc.
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Telecom Expense Management Market Outlook, Trends, Analysis
