Telecom Expense Management Market Size- By Solution, By Service, By End User Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Telecom Expense Management Market Size- By Solution, By Service, By End User Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Telecom Expense Management Market Introduction and Overview

According to SPER market research, ‘Telecom Expense Management Market Size- By Solution, By Service, By End-User Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Telecom Expense Management Market is predicted to reach USD 10.95 billion by 2033 with a CAGR of 12.91%.

As a means of contact with both consumers and staff, telecommunication services represent a significant portion of an organization’s budget. Businesses now have to concentrate on finding solutions that might lower this expense because of the rising cost of these services. The ability of Telecom Exchange Management (TEM) systems to lower telecom service costs has led to a shift in business practices toward these solutions.

The demand for Telecom Expense Management (TEM) services and solutions was greatly affected by the COVID-19 outbreak. Organizations now have more challenges in controlling telecom costs, such as data usage, communication tools, and mobile devices for a distributed workforce, as remote work becomes the norm. As a result, there was a sharp increase in demand for TEM systems that provided centralized administration of telecom costs, real-time visibility, and cost optimization.

Scope of the Report:

Report Metric Details

Market size available for years 2020-2033

Base year considered 2023

Forecast period 2024-2033

Segments covered By Solution, By Service, By End-User Industry

Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe

Companies Covered

Accenture, CGI Inc., WidePoint Corporation, Tangoe, Vodafone Group Plc, AVOTUS, Calero, Sakon, Upland Software, Inc., and TeleManagement Technologies, Inc., Control point solutions, Econocom and Others

Global Telecom Expense Management Market Segmentation:

By Solution: Based on the Solution, Global Telecom Expense Management Market is segmented as; Invoice Management, Sourcing Management, Business Management, Dispute Management

By End-User Industry: Based on the End-User Industry, Global Telecom Expense Management Market is segmented as; BFSI, Consumer Goods and Retail, Manufacturing, IT and Telecom, Healthcare

By Region:This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.