Telecom Expense Management Market 2019 Global Share, Industry Key Features, Growth Drivers, Expansion Strategies, Trends and Regional Forecast by 2023

The report on the global Telecom Expense Management market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, key player's market share analysis, competitive landscape and supply chain analysis.

Market Highlights:

Telecom expense management refers to a service adopted by enterprises for optimizing telecom cost, handling inventory management, bill payment, procurement and invoice management, and other functions carried on a single platform.

Increasing demand for mobile applications, growing popularity of portable equipment’s in enterprises and upcoming advancements in telecom expense management are driving the growth of the global telecom expense management market. Furthermore, increasing adoption of mobile devices, visibility into expense management, and growing popularity of cloud-based services are aiding the market growth.
The progress of telecom expense management is boosted by the rising acceptance of portable equipment’s in enterprises, growing demand for mobile applications, and imminent advancements in telecom expense management. Moreover, rising visibility into expense management and escalating popularity of cloud-based services is expected to intensify the global expansion of the telecom expense management market.

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Major key Players

• Accenture PLC (Ireland),
• Avotus Corporation (Canada),
• Control Point Solutions (U.S.),
• Invoice Insights (U.S.),
• MBG (U.S.),
• Profitline (U.S.),
• Tangoe (U.S.),
• IBM (U.S.),
• Ezwim B.V, MDSL (The Netherlands),
• Econocom (Belgium)

According to Market Research Future Analysis, the global Telecom Expense Management Market is estimated to generate revenue of approximately USD 4 billion by 2023 growing at a CAGR of 18% during the forecast period 2017-2023.

Competitive Analysis:
The market is at an optimally valuable level and will be efficient in generating greater value for the firms in the market and its shareholders. The diversification of the product assortment in the market is increasing the opportunity for the progress of the market. The evolution patterns are reviewed in tandem to the customer likings to realize the highest growth, and in the long run, viability. The potential for profitability in a market has been determined to be optimistic which will be fruitful for future expansions. The ability to utilize the economies of scale is further proving to be beneficial for overall market growth. Although, the market has also considerably neutralized the market advantages and thus is promoting an increase in the number of firms in the market. The administration styles in the market are reinforcing the level of growth that can be achieved in the present market scenario.

The global telecom expense management market is segmented into solution, service, organization size, and end-user. The end user is further segmented into automotive, consumer goods & retail, BFSI, transport and logistics, and others. However, the IT & telecommunication segment is expected to hold the largest share of the telecom expense management market owing to the increased IT infrastructure, expansion of markets across globe, increased expenditure on mobile devices, and advanced communications channels to connect with employees, customers, and clients. Based on the solution, the market is segmented into dispute management, inventory management, invoice and contract management, procurement management, and others. Based on the service, the market is segmented into hosted, licensed software, managed service, and others. Whereas, based on organization size, the market is segmented into small & medium enterprises, and large enterprises.

Regional Analysis:
The global telecom expense management market is studied for Asia Pacific, North America, Europe, and Rest of the World. North American region is leading the global market. The market is witnessing a rapid growth due to technological advancements and increasing demand for mobile application development platforms across different industry verticals in this region. The U.S. is the leading country in this regional market and holds a major share of the market both in terms of revenue as well as the adoption of mobile applications. Asia Pacific and the Middle East region is expected to show the highest growth opportunities in the market over the forecast period owing to increasing population, growing mobile users, rising popularity of bring your own device technology (BYOD) and flourishing IT & telecommunication.

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Intended Audience
• Technology Investors
• Research/Consultancy firms
• Technology Solution Providers
• Government Bodies
• Telecom Operators

Table 1 Global Telecom Expense Management Market: By Region, 2017-2023
Table 2 North America Telecom Expense Management: By Country, 2017-2023
Table 3 Europe Telecom Expense Management: By Country, 2017-2023
Table 4 Asia-Pacific Telecom Expense Management: By Country, 2017-2023
Table 5 Rest of the World Telecom Expense Management Market: By Country, 2017-2023

FIGURE 1 Global Telecom Expense Management market segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global Telecom Expense Management Market
FIGURE 4 Value Chain of Global Telecom Expense Management Market

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Name: abhishek Sawant
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Organization: Market Research Future
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Release ID: 495629