Telecom Expense Management Trends and Forecast
The future of the global telecom expense management market looks promising with opportunities in the BFSI, consumer goods & retail, healthcare, IT and telecom, and manufacturing & automotive markets. The global telecom expense management market is expected to grow with a CAGR of 14.1% from 2024 to 2030. The major drivers for this market are embrace of remote work culture and increasing adoption of IoT technology and the widespread use of smart devices.Telecom Expense Management by Segment
The study includes a forecast for the global telecom expense management by deployment, service, enterprise, end use industry, and region.Telecom Expense Management Market by Deployment [Shipment Analysis by Value from 2018 to 2030]
- Cloud
- On-Premise
Telecom Expense Management Market by Service [Shipment Analysis by Value from 2018 to 2030]
- Hosted Services
- Managed Services
Telecom Expense Management Market by Enterprise [Shipment Analysis by Value from 2018 to 2030]
- Large Size Enterprises
- Small & Medium Sized Enterprises
Telecom Expense Management Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]
- BFSI
- Consumer Goods & Retail
- Healthcare
- IT & Telecom
- Manufacturing & Automotive
- Others
Telecom Expense Management Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Telecom Expense Management Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies telecom expense management companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the telecom expense management companies profiled in this report include-- Accenture
- Avotus
- Brightfin
- Calero-Mdsl
- CGI
- NTT
- Sakon
- Tangoe
- Valicom
- Vodafone
Telecom Expense Management Market Insights
The publisher forecasts that on-premise is expected to witness highest growth over the forecast period due to data sensitivity, offering data control and security with locally stored information, and facilitating customized maintenance and upgrades.Within this market, IT & telecom will remain the largest segment due to widespread use of telecom expense management systems for tracking and managing telecom expenses.
Asia Pacific is expected to witness highest growth over the forecast period due to expanding e-commerce platforms and merchant buy-in, widespread smartphone use, and investments in 5G networks.
Features of the Global Telecom Expense Management Market
- Market Size Estimates: Telecom expense management market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Telecom expense management market size by various segments, such as by deployment, service, enterprise, end use industry, and region in terms of value ($B).
- Regional Analysis: Telecom expense management market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different deployment, service, enterprise, end use industry, and regions for the telecom expense management market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the telecom expense management market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for telecom expense management market?Answer: The global telecom expense management market is expected to grow with a CAGR of 14.1% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the telecom expense management market?
Answer: The major drivers for this market are embrace of remote work culture and increasing adoption of iot technology and the widespread use of smart devices.
Q3. What are the major segments for telecom expense management market?
Answer: The future of the telecom expense management market looks promising with opportunities in the BFSI, consumer goods & retail, healthcare, IT and telecom, and manufacturing & automotive markets.
Q4. Who are the key telecom expense management market companies?
Answer: Some of the key telecom expense management companies are as follows:
- Accenture
- Avotus
- Brightfin
- Calero-Mdsl
- CGI
- NTT
- Sakon
- Tangoe
- Valicom
- Vodafone
Answer: The publisher forecasts that on-premise is expected to witness highest growth over the forecast period due to data sensitivity, offering data control and security with locally stored information, and facilitating customized maintenance and upgrades.
Q6. In telecom expense management market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to witness highest growth over the forecast period due to expanding e-commerce platforms and merchant buy-in, widespread smartphone use, and investments in 5G networks.
Q7. Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the telecom expense management market by deployment (cloud and on-premise), service (hosted services and managed services), enterprise (large size enterprises and small & medium sized enterprises), end use industry (BFSI, consumer goods & retail, healthcare, IT & telecom, manufacturing & automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Telecom Expense Management Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Accenture
- Avotus
- Brightfin
- Calero-Mdsl
- CGI
- NTT
- Sakon
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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