A solution that provides a central database where, enterprises can easily manage telecom services as well as assets, is termed as telecom expense management. Furthermore, the business practice also helps them validate vendor invoices and control their spending. Besides this, advantage of an outsourced telecom expense management solution helps business owners streamline their operations. Moreover, TEM (or telecom expense management) further aids a company in financial planning.
There are several drivers, restraints and opportunities influencing the growth of the telecom expense management worldwide. Growing adoption of devices mobile devices that are fast gaining visibility over expenditures and need for such visibility are playing an important role in keeping the future of the market bright. However, lower interoperability as well as recent incidents of poor performance in compatibility associated with the solutions from different vendors has limited the growth of the market. Affordable deployment cost and rising need for cost efficient solutions would create greater opportunities for telecom expense management in years to come.
The market is segmented based on solutions, delivery model, end -customers, industry and geography. Solutions covered in the market research reports consists of usage management, dispute management, sourcing management and many others. The delivery model examined during the study include hosted, managed solutions etc. Major end -customers discussed in the report are small and medium enterprises and large enterprises. The adoption rate of telecom expense management solutions is visible in sectors such as automotive, healthcare, media and entertainment, manufacturing and more. Regions showing tremendous growth include North America, Europe, Asia Pacific and LAMEA.
A closer look at the competitive landscape reveals that major IT brands are busy launching telecom expense management solutions and generating clients in the same month itself. Prominent market players are also seen acquiring new companies or local market players to maintain their competitive edge. Other business strategies favored by the companies include constant upgradation, joint ventures and collaborations. Prominent brands active in the market are Accenture, IBM, CGI, Tangoe, CSC and many others.
KEY BENEFITS FOR STAKEHOLDERS
The market research report provides an integrated information on the major drivers, restraints and opportunities influencing the industry growth, during the forecast period 2014 2020.
The study further drills down to produce data volume by components, end customers and demography.
SWOT analysis of major brands, highlights weaknesses, strengths, opportunities and threats. The data proves effective for business owners planning on designing their marketing and branding strategies.
Region wise business performance discussed in the market research report would be valuable for enterprises planning to explore new areas.
The report not only examines the market dynamics but also takes a closer look at the growth rate and industrial chain structure.
Study further weigh up on the prominent market players and what they are doing different to position their product in the already crowded marketplace.
Assessment of upstream and downstream market also forms an important part of the report.
TELECOM EXPENSE MANAGEMENT MARKET KEY SEGMENTS
Telecom Expense Management Market - By Solution
Usage Management
Dispute Management
Sourcing Management
Others
Telecom Expense Management Market - By Delivery Model
Hosted
Managed Services
Others
Telecom Expense Management Market - By End-Customers
Small and Medium Enterprises
Large Enterprises
Telecom Expense Management Market - By Industry
Healthcare
Automotive
Manufacturing
Others
Telecom Expense Management Market - By Geography
North America
Europe
Asia -Pacific
LAMEA
Key Market Players
Accenture
IBM
CGI,
Tangoe,
CSC
There are several drivers, restraints and opportunities influencing the growth of the telecom expense management worldwide. Growing adoption of devices mobile devices that are fast gaining visibility over expenditures and need for such visibility are playing an important role in keeping the future of the market bright. However, lower interoperability as well as recent incidents of poor performance in compatibility associated with the solutions from different vendors has limited the growth of the market. Affordable deployment cost and rising need for cost efficient solutions would create greater opportunities for telecom expense management in years to come.
The market is segmented based on solutions, delivery model, end -customers, industry and geography. Solutions covered in the market research reports consists of usage management, dispute management, sourcing management and many others. The delivery model examined during the study include hosted, managed solutions etc. Major end -customers discussed in the report are small and medium enterprises and large enterprises. The adoption rate of telecom expense management solutions is visible in sectors such as automotive, healthcare, media and entertainment, manufacturing and more. Regions showing tremendous growth include North America, Europe, Asia Pacific and LAMEA.
A closer look at the competitive landscape reveals that major IT brands are busy launching telecom expense management solutions and generating clients in the same month itself. Prominent market players are also seen acquiring new companies or local market players to maintain their competitive edge. Other business strategies favored by the companies include constant upgradation, joint ventures and collaborations. Prominent brands active in the market are Accenture, IBM, CGI, Tangoe, CSC and many others.
KEY BENEFITS FOR STAKEHOLDERS
The market research report provides an integrated information on the major drivers, restraints and opportunities influencing the industry growth, during the forecast period 2014 2020.
The study further drills down to produce data volume by components, end customers and demography.
SWOT analysis of major brands, highlights weaknesses, strengths, opportunities and threats. The data proves effective for business owners planning on designing their marketing and branding strategies.
Region wise business performance discussed in the market research report would be valuable for enterprises planning to explore new areas.
The report not only examines the market dynamics but also takes a closer look at the growth rate and industrial chain structure.
Study further weigh up on the prominent market players and what they are doing different to position their product in the already crowded marketplace.
Assessment of upstream and downstream market also forms an important part of the report.
TELECOM EXPENSE MANAGEMENT MARKET KEY SEGMENTS
Telecom Expense Management Market - By Solution
Usage Management
Dispute Management
Sourcing Management
Others
Telecom Expense Management Market - By Delivery Model
Hosted
Managed Services
Others
Telecom Expense Management Market - By End-Customers
Small and Medium Enterprises
Large Enterprises
Telecom Expense Management Market - By Industry
Healthcare
Automotive
Manufacturing
Others
Telecom Expense Management Market - By Geography
North America
Europe
Asia -Pacific
LAMEA
Key Market Players
Accenture
IBM
CGI,
Tangoe,
CSC
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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