A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled "Global Telecom Expense Management Market - In-Depth Analysis with Booming Trends Supporting Growth and Forecast till 2024" which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview.
The market overview section of the report demonstrates the market dynamics and trends, such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. An impact analysis of key trends has also been provided for every geographic region in the report, in order to give a thorough analysis of the overall competitive scenario of the TEM market, globally. Moreover, the report provides an overview of the various strategies of key players in the market.
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Once limited only to a few large companies with vast internal telecom networks and a huge fleet of mobile devices, telecom expense management (TEM) has presently become a necessary practice for enterprises of all sizes, operating across any industry/business domain. Driving the need for effective telecom expense management practices are some revolutionizing trends and the sheer development observed in corporate telecom infrastructures in the past few years.
The trend of allowing integration of personal mobile devices such as smartphones, laptops, and tablets under mobility policies such as bring-your-own-devices and choose-your-own-device (CYOD), for one, has revolutionized the global TEM market in the past few years. The increased integration of mobile devices in internal telecom networks has highlighting the need for presence of a holistic system for monitoring and managing usage and costs of telecom resources being exhausted. Speaking of developments, corporate telecom infrastructures now boast a vast number of communication channels connecting companies to their clients, customers, and employees. The volume of information being exchanged across these channels has also exponentially increased over the years.
MRRSE findings suggest that these factors will enable the global TEM market expand at a 13.5% CAGR from 2019 to 2024, allowing the market to rise to a valuation of US$4.92 bn by 2024.
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The report segments the global TEM market on the basis of applications into financial management, order management, business intelligence, inventory management, contract management, dispute management, and others. By mode of delivery, the market has been classified into managed services, complete outsourcing, and cloud services. Furthermore, according to the end-use adoption, the TEM market is divided into banking, financial services, and insurance (BFSI); retail; IT and telecommunication; healthcare; transportation and logistics; manufacturing; government and defense; and others. Thus, the report provides in-depth cross-segment analysis of the TEM market and classifies it into various levels, thereby providing valuable insights at the macro as well as micro levels.
The report also highlights the competitive landscape of the TEM market, thereby positioning all the major players according to their geographic presence and recent key developments. The comprehensive TEM market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the TEM market’s growth.
Anatole SAS, Asentinel LLC, Calero Software LLC, Comview LLC, Cimpl, Ezwim B.V, MDSL, Valicom Corporation, Tangoe, Inc., Veropath Limited (IntelligentComms), WidePoint Solutions Corporation, Inc., and Avotus Corporation are some of the major players operating within the global TEM market profiled in this study. Details such as financials, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.
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