Middle East and Africa Telecom Expense Management Market
Middle East and Africa telecom expense management market is expected to reach USD 152,706.87 thousand by 2031 from USD 118,613.24 thousand in 2023, growing with a CAGR of 3.3% in the forecast period of 2024 to 2031.
Market Segmentation:
Middle East and Africa Telecom Expense Management Market, Offering (Solution and Service), Service Delivery Mode (Managed Services and Complete Outsourcing and Hosted), Deployment Mode (Cloud and On-Premise), Enterprise Size (Large Enterprises and Small & Medium Enterprises), Operating System (Windows, MAC, Mobile, LINUX, Chromebook, and Fixed Circuits), Pricing Model (Subscription Based, One Time License, and Free Trial), End-User (IT & Telecom, BFSI, Automotive, Manufacturing, Healthcare, Transportation & Logistics, Consumer Goods & Retail, Energy & Power, Media & Entertainment, and Others), Country (Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Oman, Kuwait, Qatar, Bahrain, and rest of Middle East and Africa) - Industry Trends and Forecast to 2031
Overview of Middle East and Africa Telecom Expense Management Market Dynamics:
Drivers
• Significant cost reduction for better management of telecom expenses
• Increasing adoption of mobile phones and other portable devices
• Providing expense transparency
• Increasing demand for TEM due to IoT and cloud based application
Restraint
• Continuous variation in telecom regulations and compliance requirements raises complication in TEM
Opportunities
• Rising automation in telecom expense management
• Increase in the outsourcing of TEM solution
• Low deployment cost and growing demand for cost-efficient TEM solutions
Challenges
• Issue in forecasting future spending
• Complexity in telecom invoices along with continuous variation in charges and billing cycles
Market Players:
The key market players operating in the Middle East and Africa telecom expense management market are listed below:
• brightfin
• Vodafone Group
• Upland Software, Inc.
• NTT Corporation
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