Global Telecom Expense Management Market
The Global Telecom Expense Management Market was valued at USD 1.30 billion in 2016 and is projected to reach USD 1.79 billion by 2025, growing at a CAGR of 3.65% from 2017 to 2025.
Telecom Expense Management (TME) is defined as the management of wireless and wire line service and asset expenses. TEM is the build-out of services, or the acquisition of third-party services, to manage the supply chain for telecommunications. TEM provides several benefits to the industry that include â€“ saves money, saves time, accurately manages a telecom inventory.
1. Market Drivers
1.1 Reduction in the Implementation Costs
1.2 Adoption of Mobile Phones
2. Market Restraints
2.1 Growing Demand for Flexible Work Environment
2.2 Interoperability Issues
2.3 Lack of Industry Standards
The Global Telecom Expense Management Market is segmented on the organization size, applications, delivery modes, vertical, and region.
1. By Organization Size:
1.1 Large Enterprises
1.2 Small and Medium Business
2. By Applications:
2.1 Contract and Invoice Management
2.2 Financial Management
2.3 Order Management
2.4 Business Intelligence
2.5 Inventory Management
2.6 Dispute Management
3. By Delivery Modes:
3.1 Cloud Services
3.2 Licensed software
3.3 Complete outsourcing
3.4 Managed services
4. By Vertical:
4.3 Retail and Consumer Goods
4.6 Transport and Logistics
4.7 Media and Entertainment
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
3. Vodafone Global Enterprise
4. IBM Corporation
5. Dimension Data
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Telecom Expense Management Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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