Market Scenario
As per the recent study by Market Research Future
Reports (MRFR), the global telecom expense management market is anticipated to
flourish at a CAGR of 18% during the assessment period from 2017 to 2023. The
amplified demand for mobile applications is the most substantial element
driving the global telecom expense management market 2020. The ascending
popularity and the fast adoption of mobile devices is another essential factor
leading to the growth of market. Besides, the increasing adoption of
cloud-based techniques is estimated to make a significant contribution which
prospers the market with handsome revenue generation. Moreover, the increasing
demand for portable equipment and the evolution in telecom expense management
is likely to augment the global market size. In addition, there is a lofty
scope of progress in developing countries, which is estimated to grow the
market size. Furthermore, the growing demand for telecom expense management
across several industries like retail, I.T. & telecommunication,
manufacturing, transport & logistics is additionally prompting the market
growth.
.Novel
coronavirus has actually Telecom Expense Management Market to open new avenues for those firms
that are on the lookout for solutions that are reliable, efficiently managed,
scalable, and are subscription-based, to remain more focused on the core
business. The Telecom Expense Management Market is bearing lesser impact of the
COVID-19 outbreak compared to most other segments of the tech world.
In
a nutshell, COVID-19 impact on managed services has been fruitful, with the
market growth enhanced than before. Given the prevalent lockdown situation,
managed services vendors are now investing heavily in remote-centric worker
solutions, which can make the market highly resilient in the coming years, even
as the world is currently rushing to achieve a COVID-19 breakthrough.
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Competitive Outlook:
The notable players of
the global telecom expense management market are Econocom (Belgium), Avotus
Corporation (Canada), Accenture PLC (Ireland), Control Point Solutions (U.S.),
MBG (U.S.), Invoice Insights (U.S.), Profitline (U.S.), IBM (U.S.), Tangoe (U.S.),
Ezwim B.V, MDSL (The Netherlands), among others.
Segmentation:
The worldwide telecom
expense management market 2020 can be segmented on the basis of service,
solution, end-user, organization size, and region.
On the grounds of
service, the global telecom expense management market can be classified into
licensed software, hosted, managed service, complete outsourcing, and cloud
services.
On the grounds of the
solution, the global telecom expense management market can be classified into
invoice and contract management, dispute management, inventory management,
procurement management, and others.
On the grounds of
end-user, the global telecom expense management market can be classified into
automotive, I.T. & telecommunication, consumer goods and retail, transport
and logistics, BFSI, and others.
On the grounds of
organization size, the global telecom expense management market can be
classified into large enterprises and small & medium enterprises.
On the grounds of the
region, the global telecom expense management market can be classified into
North America, Europe, Asia Pacific, and Rest of the World.
Regional
Analysis:
As per the regional
analysis by MRFR, the North American region is leading the global market. The
market is witnessing an expeditious growth due to the technological evolution
in the region. Also, the rising demand for mobile application development
platforms across various sectors in the region is further growing the market.
Among all, the U.S. is estimated to make the maximum contribution in developing
the regional market. On the other hand, the APAC region and the MEA is
estimated to exhibit the maximum growth during the forecast period. The most
significant reason for regional expansion is the increasing population.
Besides, there has been a rise in smartphone ownership in these regions, which
is propelling the market at a swift pace. Moreover, the increasing popularity
of Bring Your Own device (BYOD) has additionally augmented the market.
Furthermore, I.T. & telecommunication is booming in these regions, which is
an important factor driving the global market.
The outbreak of COVID-19
is likely to change the market dynamics of several regions. Several markets
have been influenced significantly due to the observation of nationwide lockdown
in various countries.
Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued….
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List of Tables
Table 1 Global Telecom
Expense Management Market: By Region, 2020-2027
Table 2 North America
Telecom Expense Management: By Country, 2020-2027
Table 3 Europe Telecom
Expense Management: By Country, 2020-2027
Continued….
List of Figures
FIGURE 1 Global Telecom
Expense Management Market Segmentation
FIGURE 2 Forecast
Methodology
FIGURE 3 Five Forces
Analysis Of Global Telecom Expense Management Market
Continued….
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