Telecom Expense Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014–2020.
Albany, NY -- (SBWIRE) -- 01/22/2016 -- As the BYOD culture proliferates and more mobile devices make their way into enterprise networks, the demand for telecom expense management will rise considerably. This, in turn, will lead to the growth of the global telecom expense management market, says Transparency Market Research's report, 'Telecom Expense Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014–2020.' The report notes that the telecom expense management market will make rapid progress in the coming years as more firms invest in this solution.
Telecom expense management is a solution that enables business organizations to manage technologies and processes within a large telecom network. The deployment of such a solution helps enterprises maintain an up-to-date and accurate inventory of various elements in a network, including but not limited to: laptops, servers, cell phones, wiring panels, and more.
Furthermore, the use of a telecom expense management solution also enables enterprises to project expenses that are likely to arise as the network grows. This predictive ability of telecom expense management helps companies to create adequate budgetary outlays – this has emerged as one of the key reasons for the growth of telecom expense management market. A telecom expense management solution also enables enterprises to spot loopholes in their network's security infrastructure.
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Be that as it may, the market for telecom expense management will be restrained to some degree by interoperability issues that make a seamless experience difficult to achieve. These issues will cause enterprises to re-consider making investments in telecom expense management solutions.
As the trend of enterprises increasingly encouraging their employees to use mobile devices for work gains momentum, the value expectations from telecom expense management solutions are soaring higher. Users now expect more functionalities and better value from their investments in such solutions. In many cases, clients already using sophisticated ERPs may decide to invest in telecom expense management but be discouraged by interoperability issues. It is concerns such as these that companies in the global telecom expense management market need to address.
The report studies the following regional markets for a holistic evaluation of the market and its impact factors: North America, Asia Pacific, Europe, and Rest of the World. On the basis of solution, the report segments the telecom expense management market into: Usage management, reporting and business management, inventory management, sourcing management, invoice and contract management, ordering and provisioning management, and dispute management, among others.
The report also segments the market on the basis of end-users into small and medium businesses and large business organizations. Likewise, based on verticals, the market is divided into: manufacturing, retail, healthcare, BFSI, transportation and logistics, automotive, and media and entertainment.
For this study, the report profiles leading players such as Vodafone Global Enterprise Limited, Dimension Data Holdings, International Business Machines (IBM) Corporation Econom Group, Valicom, CGI Group Inc., Computer Sciences Corporation, Tangoe Inc., and Accenture Plc.
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