Telecom Expense Management Market Growth, Size, Trends, Demand, Share and Future Outlook
Telecom Expense Management Market Size- By Solution, By Service, By End User Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2024 | Report ID: IACT2496 | Pages: 1 - 215 | Formats*: |
| Category : Information & Communications Technology | |||
Telecom Expense Management Market Introduction and Overview
According to SPER Market Research, the Global Telecom Expense Management Market is estimated to reach USD 10.95 billion by 2033 with a CAGR of 12.91%.
The report includes an in-depth analysis of the Global Telecom Expense Management Market, including market size and trends, product mix, applications, and supplier analysis. The phrase "telecom expense management" (TEM) refers to a collection of jobs, procedures, tools, and services that help a company better manage and control the assets and expenses associated with providing telecommunications services. Fixed wireline communications services like voice, data, and network services are frequently included in telecom offerings. Usually, telecom optimization efforts involve cutting expenses and waste by utilizing current communications expenditures more effectively. TEM entails the strategic monitoring, evaluation, and administration of these costs to guarantee effectiveness, economy, and adherence to company guidelines.
- November 2023; British telecom behemoth Vodafone Group Plc collaborated with IT consulting firm Accenture to build a more efficient, commercially focused, and scaled organization.
- September 2023; With multiple clients utilizing CJC's vendor-agnostic expertise for consulting and integrating with the MDM solution—which includes data discovery, administration, and licensing management via the ILM product to construct a structured data source and cloud-based, hosted DACS for connectivity to external third parties, such as Calero—Crown Jewels Consultant Ltd. (CJC) has announced an improved collaboration with Calero (formerly Calero-MDSL).
Market Opportunities and Challenges
One of the main forces behind telecom cost management (TEM) is the growing use of smartphones and other portable electronics. The increasing reliance of organizations and employees on mobile devices for communication and productivity has led to a complexity and difficulty in managing the associated telecom bills. TEM solutions are essential in helping firms manage this complexity because they give them the means to effectively track, monitor, and optimize mobile spending. With more workers using their own or company-issued mobile devices for work-related activities, TEM's features—such as usage analysis, policy enforcement, and real-time monitoring—help reduce costs. One type of feature that allows software or computer systems to exchange and use information is called interoperability.
However, the main thing impeding the growth of the telecom expenditure management market is the lack of interoperability, which results from incompatibilities between the services and solutions offered by the various major players in this industry. One simple illustration of this is that mobile devices running iOS cannot share data with those running Android. Numerous significant participants in the telecom expenditure management space are collaborating with app development firms to introduce novel approaches and services aimed at addressing the interoperability issue.
Market Competitive Landscape
Major firms have made partnerships, acquisitions, and product launches their primary developmental tactics in an effort to expand their product offerings and establish a solid presence in the telecom expenditure management market. Key corporate restructuring market players are Accenture, CGI Inc., WidePoint Corporation, Tangoe, Vodafone Group Plc, AVOTUS, Calero, Sakon, Upland Software, Inc., and TeleManagement Technologies, Inc.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Solution, By Service, By End-User Industry |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Accenture, CGI Inc., WidePoint Corporation, Tangoe, Vodafone Group Plc, AVOTUS, Calero, Sakon, Upland Software, Inc., and TeleManagement Technologies, Inc., Control point solutions, Econocom and Others |
COVID-19 Impact on Global Telecom Expense Management Market
The COVID-19 outbreak helped the telecom expense management business. The post-COVID-19 future is expected to see an increase in demand for telecom expenditure management services and solutions as businesses continue to rely on digital technologies. The need for telecom expense management products and services is anticipated to rise in response to the expanding use of IoT technology, the spread of smart devices, the acceptance of the work-from-home culture, and the growing amounts of data flowing via networks. Additionally, Due to a large portion of the population staying at home due to remote work circumstances, the telecom industry saw a considerable surge in demand for internet services following the COVID-19 outbreak. The number of people working from home has boosted demand for online video viewing, downloading, and video conference communication, all of which are driving up network traffic and data consumption.
Key Target Audience:
- Large Enterprises
- Small and Medium-Sized Businesses (SMBs)
- Government Agencies
- Educational Institutions
- Healthcare Organizations
- Retail Businesses
- Manufacturing Companies
- Non-Profit Organizations
- Remote Workers
- Mobile Device Management (MDM) Software Providers
Our in-depth analysis of the Telecom Expense Management Market includes the following segments:
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| By Service: |
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| By End-User Industry: |
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Key Topics Covered in the Report:
- Global Telecom Expense Management Market Size (FY’2024-FY’2033)
- Overview of Global Telecom Expense Management Market
- Segmentation of Global Telecom Expense Management Market By Solution (Invoice Management, Sourcing Management, Business Management, Dispute Management)
- Segmentation of Global Telecom Expense Management Market By Service (Hosted Service, Managed Service)
- Segmentation of Global Telecom Expense Management Market By End-User Industry (BFSI, Consumer Goods and Retail, Manufacturing, IT and Telecom, Healthcare)
- Expansion Analysis of Global Telecom Expense Management Market
- Problems and Obstacles in Global Telecom Expense Management Market
- Competitive Landscape in the Global Telecom Expense Management Market
- Impact of COVID-19 and Demonetization on Global Telecom Expense Management Market
- Details on Current Investment in Global Telecom Expense Management Market
- Competitive Analysis of Global Telecom Expense Management Market
- Prominent Players in the Global Telecom Expense Management Market
- SWOT Analysis of Global Telecom Expense Management Market
- Global Telecom Expense Management Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Telecom Expense Management Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Telecom Expense Management Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Telecom Expense Management Market
7. Global Telecom Expense Management Market, By Solution (USD Million) 2020-2033
7.1. Global Telecom Expense Management Market Size, Share and Forecast, By Solution, 2020-20267.2. Global Telecom Expense Management Market Size, Share and Forecast, By Solution, 2027-20337.3. Invoice Management7.4. Sourcing Management7.5. Business Management7.6. Dispute Management
8. Global Telecom Expense Management Market, By Service (USD Million) 2020-2033
8.1. Global Telecom Expense Management Market Size, Share and Forecast, By Service, 2020-20268.2. Global Telecom Expense Management Market Size, Share and Forecast, By Service, 2027-20338.3. Hosted Service8.4. Managed Service
9. Global Telecom Expense Management Market, By End-User Industry (USD Million) 2020-2033
9.1. Global Telecom Expense Management Market Size, Share and Forecast, By End User Industry, 2020-20269.2. Global Telecom Expense Management Market Size, Share and Forecast, By End User Industry, 2027-20339.3. BFSI9.4. Consumer Goods and Retail9.5. Manufacturing9.6. IT and Telecom9.7. Healthcare
10. Global Telecom Expense Management Market Forecast, 2020-2033 (USD Million)
10.1. Global Telecom Expense Management Market Size and Market Share
11. Global Telecom Expense Management Market, By Region, 2020-2033 (USD Million)
11.1. Global Telecom Expense Management Market Size and Market Share By Region (2020-2026)11.2. Global Telecom Expense Management Market Size and Market Share By Region (2027-2033)
11.3. Asia-Pacific11.3.1. Australia11.3.2. China11.3.3. India11.3.4. Japan11.3.5. South Korea11.3.6. Rest of Asia-Pacific11.4. Europe11.4.1. France11.4.2. Germany11.4.3. Italy11.4.4. Spain11.4.5. United Kingdom11.4.6. Rest of Europe11.5. Middle East and Africa11.5.1. Kingdom of Saudi Arabia11.5.2. United Arab Emirates11.5.3. Qatar11.5.4. South Africa11.5.5. Egypt11.5.6. Morocco11.5.7. Nigeria11.5.8. Rest of Middle East & Africa11.6. North America11.6.1. Canada11.6.2. Mexico11.6.3. United States11.7. Latin America11.7.1. Argentina11.7.2. Brazil11.7.3. Rest of Latin America
12. Company Profile
12.1. Accenture12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. CGI Inc.,12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. WidePoint Corporation12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Tangoe12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Vodafone Group Plc12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. AVOTUS12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. Calero12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Sakon12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Upland Software Inc.12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. TeleManagement Technologies, Inc.12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Telecom Expense Management Market is projected to reach USD 10.95 billion by 2033, growing at a CAGR of 12.91% during the forecast period.
Telecom Expense Management Market size from 2022. The Market is expected to reach USD 10.95 billion by 2033, at a CAGR of 12.91% during the forecast period.
Telecom Expense Management Market CAGR of 12.91% during the forecast period.
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Telecom Expense Management Market size is 10.95 billion from 2024 to 2033.
Telecom Expense Management Market Segment is covered By Solution, By Service, By End-User Industry.
The North America anticipated to have the highest market share in the Telecom Expense Management Market.
The key players in the market include Companies Covered Accenture, CGI Inc., WidePoint Corporation, Tangoe, Vodafone Group Plc, AVOTUS, Calero, Sakon, Upland Software, Inc., and TeleManagement Technologies, Inc., Control point solutions, Econocom and Others
"TEM entails the strategic monitoring, evaluation, and administration of these costs to guarantee effectiveness, economy, and adherence to company guidelines.
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