Telecom Expense Management

Telecom Expense Management

Global Telecom Expense Management Market to Reach US$7.9 Billion by 2030

The global market for Telecom Expense Management estimated at US$3.8 Billion in the year 2023, is expected to reach US$7.9 Billion by 2030, growing at a CAGR of 11.0% over the analysis period 2023-2030. Cloud Services, one of the segments analyzed in the report, is expected to record a 9.2% CAGR and reach US$2.6 Billion by the end of the analysis period. Growth in the Complete Outsourcing segment is estimated at 13.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.7 Billion While China is Forecast to Grow at 13.2% CAGR

The Telecom Expense Management market in the U.S. is estimated at US$1.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$661.6 Million by the year 2030 trailing a CAGR of 13.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 9.3% and 10.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.5% CAGR.

Global Telecom Expense Management Market - Key Trends & Drivers Summarized

Telecom Expense Management (TEM) is a comprehensive approach to managing and optimizing telecommunications costs and resources within an organization. TEM encompasses the entire lifecycle of telecom services, from procurement and usage tracking to billing verification and cost allocation. The primary objective of TEM is to control and reduce the telecom expenses of an organization by providing visibility into spending patterns, identifying billing errors, and ensuring compliance with telecom policies. This is achieved through a combination of software solutions and professional services that automate the process of expense management, streamline vendor interactions, and provide detailed analytics and reporting. By implementing TEM, companies can achieve significant cost savings, improve operational efficiency, and enhance their overall telecom strategy.

The technological advancements and increased complexity of telecommunications services have made TEM a critical component for organizations, particularly those with large and diverse telecom environments. Modern TEM solutions integrate with various telecom services, including fixed-line, mobile, data, and cloud services, providing a centralized platform for managing these disparate resources. These solutions often incorporate advanced features such as real-time monitoring, automated invoice processing, and artificial intelligence-driven analytics to detect anomalies and optimize usage. Additionally, the shift towards remote work and the proliferation of mobile devices have further complicated telecom management, necessitating robust TEM solutions to manage the growing array of devices and services efficiently. The integration of TEM with other enterprise systems, such as ERP and ITSM, enhances data accuracy and provides a holistic view of telecom expenses within the broader context of organizational finances.

The growth in the telecom expense management market is driven by several factors. The increasing adoption of mobile devices and the expansion of corporate networks have led to a surge in telecom expenses, prompting organizations to seek more effective ways to manage these costs. The complexity and variety of telecom services, coupled with frequent billing errors and lack of visibility, drive the demand for comprehensive TEM solutions. Technological advancements, such as AI and machine learning, are enhancing the capabilities of TEM systems, making them more effective at identifying cost-saving opportunities and optimizing telecom usage. Additionally, regulatory requirements and the need for compliance with telecom policies are pushing companies to adopt TEM solutions to ensure adherence to industry standards. The rise of remote work and the associated increase in mobile and data usage are further accelerating the need for efficient telecom management. These factors, along with the continuous innovation and expansion of TEM services, are expected to drive sustained growth in the Telecom Expense Management market in the coming years.

Select Competitors (Total 115 Featured) -

• IBM Corporation
• CGI, Inc.
• BullsEye Telecom, Inc.
• Econocom
• BCM One, Inc.
• Advantix Solutions Group
• Amtel
• ICOMM Consulting, Inc.
• Adaptis Mobile, Inc.
• Ipera Solutions
• Calero-MDSL
• MobileWare, Inc.
• RadiusPoint - ExpenseLogic
• Mobit SoluA§Aµes
• One Source

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.