The scope of Global Telecom Expense Management Market report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions. Research and analysis is carried out in Global Telecom Expense Management Market report with one step or the combination of several steps depending upon the client need and the business requirements. Different markets, marketing strategies, trends, future products and emerging opportunities are taken into account while studying market and preparing this report. Global Telecom Expense Management Market report has estimations of Compound Annual Growth Rate (CAGR) in % value for the forecasted period that will help user or client to take decision based on futuristic chart.
Global Telecom Expense Management Market was valued at USD 2,892.5 million in 2017 and is expected to reach USD 3,507.2 million in 2025, growing at a healthy CAGR of 17.1%. for the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Global Telecom Expense Management Market Key Competitors:
The key players operating in the global telecom expense management market are:-
- Vodafone Global Enterprise,
- Dimension Data,
- Quickcomm Software Solutions,
- Invoice Insight,
- WidePoint Solutions Corporation, Inc., and many more.
Global Telecom Expense Management Market Competitive Landscape:
The global telecom expense management market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of telecom expense management market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In 2015, Asentinel, LLC, a provider of telecom expense management (TEM) software acquired Marlin Equity Partners. This acquisition helps Asentinel to pursue opportunities for innovation and expansion for offering TEM solutions
Global Telecom Expense Management Market Definition:
The use of telecom service is increasing day-by-day and so is the cost related to these services. The service cost is major concern for the enterprises that is aimed to reduce this expenditure and also improve the efficiencies of business processes. The multiple delivery channels for operation are being used for regional and domestic purposes. The difficulty in manually monitoring of telecom networks in is intensely complex procedure and hence need for telecom service has increased. In 2018, Global Strategic Accountants LLC launched RBO TEM (Telecom Expense Management). This service systematically audits invoices from wholesale telecom carriers. This TEM replaces manual efforts and also make sure that resellers are not double-taxed. It also ensures that correct regulatory rules are applied to the bills. Thus, the above factors shows that the market is rapidly rising.
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Global Telecom Expense Management Market, By Solution (Reporting and Business Management, Usage Management, Ordering, Provisioning Management, Dispute Management, Sourcing Management, Invoice Management, Others), Delivery Model (Hosted, Managed Services, Others), Business Size (Small,Medium Enterprises, Large Enterprises), Industry (Healthcare, Automotive, Manufacturing, and Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast
Key Insights in the report:
Historical and current market size and projection up to 2025
Market trends impacting the growth of the global telecom expense management market Analyze and forecast the telecom expense management market on the basis of solution, delivery model, business size and industry
Trends of key regional and country-level markets for solution, delivery model, business size and industry.
Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
Major Points from Table of Content:
- Research Methodology
- Executive Summary
- Key Inferences
- Market Overview
- Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
- Market Segmentation
- Competitive Landscape
- Key Players
- Future of the Market
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