Global Telecom Expense Management Market - Industry Analysis, Growth Strategies Research Report- Forecast till 2027 with Top Key Players Avotus Corporation (Canada), Accenture PLC (Ireland)
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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.
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:
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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