Market Analysis and Insights Telecom Expense Management Market
Telecom expense management (TEM) is an approach of managing all telecommunication service expenses such as voice, data, and wireless with a combination of software tools and manual auditing. In managing all these services and related processes, its main goal is to minimize costs and maximize process efficiency. For a small company, it can be as simple as checking over your phone bill every month to make sure you are not billed for services you do not want. For larger companies, it is a more formal program to optimize spending on telecom services. Most of the attention goes to bill auditing and getting refunds for billing errors, but an effective TEM program can do more than that.
Telecom Expense Management Market Scope and Market Size
- The telecom expense management market is segmented on the basis of the offering, service delivery mode, enterprise size and end use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, the global Telecom expense management market is segmented into solutions and services. In 2021, solutions segment is expected to dominate the global telecom expense management market as it help in reducing of unnecessary cost and optimizing the telecom spending.
- On the basis of service delivery mode, the global Telecom expense management market has been segmented into licensed software, managed services, and complete outsourcing and hosted. In 2021, licensed software segment is expected to dominate the global Telecom expense management market, as all the operations are carried out by the customer himself, giving the transparency of all the spending carried out.
- On the basis of enterprise size, the global Telecom expense management market has been segmented into large enterprise and small medium enterprise. In 2021, large enterprise segment is expected to dominate the global Telecom expense management market as most of the work of many large firms are carried on through telecommunication which increase the demand of TEM solution to reduce its spending on telecommunication.
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Telecom Expense Management Market Country Level Analysis
The countries covered in the Telecom Expense Management market report are the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina, Colombia, Peru, Chile, Venezuela, Ecuador and Rest of South America.
The solution segment in the product is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 due to the higher control with the consumer. U.S. dominates the North America region due to higher demand and manufacturers in the region. The U.K. dominates the Europe region due to the key vendors present in the region. China dominates the Asia Pacific region because of the higher demand in the region and use of Telecom Expense Management in the region.
Competitive Landscape and Telecom Expense Management Market Share Analysis
The Telecom Expense Management Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Telecom Expense Management Market.
Key Players Telecom Expense Management Market
- Vodafone Group
- CGI Inc.
- Dimension Data
- Accenture
- Econocom
- Asignet
- Technology DNA
- AVOTUS
- Calero-MDSL
- Cass Information Systems Inc.
- Network Control
- One Source
- RadiusPoint
- Saaswedo
- Sakon
- Tangoe
- Tellennium
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Global Telecom Expense Management Market by Product Procedure type
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