Telecom Expense Management Market to Surpass at a CAGR of 10.5 per cent till 2029


Posted July 26, 2023 by poojammr

Telecom Expense Management Market size was valued at US$ 3.41 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 10.5% through 2023 to 2029, reaching nearly US$6.86 Bn.
 
Telecom Expense Management Market Overview

The Telecom Expense Management Market Research Report presents the current market state, encompassing definitions, classifications, applications, and industry chain structure. It offers unbiased professional commentary on the present market scenario, covering market performance, production and consumption rates, demand and supply ratios, and income generation throughout the forecast period.

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Telecom Expense Management Market Report Scope and Research Methodology

The Telecom Expense Management market report offers a comprehensive analysis of the Telecom Expense Management market using a dynamic research methodology. The report covers major growth drivers, market dynamics, challenges, and scope, along with PESTAL, PORTER, and SWOT analysis. It presents detailed information on market shares, supply chain analysis, and key success factors.

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Telecom Expense Management Market Regional Insights

The report presents statistical data on market growth for every influential economy in the global Telecom Expense Management market. It considers various countries, including North America, Asia-Pacific, Europe, South America, and MEA during its preparation. The report covers emerging trends, population growth, and government strategies and regulations.

Telecom Expense Management Market Segmentation

Market segments include Sourcing Management, Reporting and Business Management, Dispute Management, Usage Management, Invoice Management, Ordering and Provisioning Management, and Others. These segments are based on the Solution. Invoice management is anticipated to have substantial growth from 2023 to 2029, with a CAGR . Invoice management has several advantages, including the abolition of payment delays and related problems like jeopardising vendor relationships, pausing work, etc., ensuring consistently quick invoice processing, and preventing mistakes and data loss.

Market segments include Banking, Financial Services, and Insurance (BFSI), Consumer Goods and Retail, Healthcare, Manufacturing, IT and Telecom, Media and Entertainment, Transportation and Logistics, and Others based on end-user industries. In order to get a competitive edge over other end customers, service providers have been competing more fiercely to create telecom expenditure management services for the BFSI business. By utilising these solutions, financial institutions and the insurance sector may experience the greatest financial savings and be able to keep their communication costs under control. For instance, Cass Information Systems Inc. helps financial, banking, and insurance organisations handle every aspect of their telecoms needs, such as mobility services and BYOD management. Banking customers will be able to monitor and compare their telecom costs for specific branches. Insurance clients value the solution's capacity to track total costs related to remote workers since it provides them with a comprehensive view of their remote costs.


Telecom Expense Management Market Key Players

1. Vodafone Global Enterprise
2. Dimension Data
3. IBM
4. MDSL
5. Tangoe
6. Accenture
7. CGI
8. CSC
9. Econocom
10. Valicom
11. Anatole
12. Calero Software LLC
13. Asentinel
14. Quickcomm Software Solutions
15. Rivermine
16. ProfitLine
17. MBG
18. Invoice Insight
19. Avotus
20. WidePoint Solutions Corporation Inc.

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Key questions answered in Telecom Expense Management Market are:

What is Telecom Expense Management ?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Telecom Expense Management Market?
Which factors are the lucrative opportunities for the Telecom Expense Management market growth?
How is the intervention from regulatory authority shaping the Telecom Expense Management Market?
What growth strategies are the players considering to increase their presence in the Telecom Expense Management Market?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Issued By poojammr
Country India
Categories Advertising , Affiliate Program , Automotive
Tags telecom expense management market , telecom expense management market share , telecom expense management market analysis
Last Updated July 26, 2023