Zion Market Research, the market research group announced the analysis report titled "Telecom Expense Management Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Sarasota, FL -- (SBWIRE) -- 10/11/2017 -- Telecom Expense Management Market: Overview
Once restricted only to a few big companies with huge internal telecom networks and a vast fleet of mobile devices, Telecom Expense Management has currently become an essential practice for enterprises of all sizes, operating across any business domain/industry. Fueling the requirement for efficient telecom expense management practices are few of the transforming trends and the sheer expansion observed in business telecom infrastructures in the past few years.
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The trend of letting integration of individual mobile devices such as; smart phones, tablets, and laptops, under mobility policies such as choose-your-own-device (CYOD), and bring-your-own-devices for one, has been transforming the global TEM market in the coming future. The augmented integration of mobile devices in inner telecom networks has been highlighting the requirement for existence of a holistic system for managing and monitoring costs and usage of telecom resources being bushed. While talking about developments, corporate telecom infrastructures is currently boosting a huge number of communication channels linking several companies to their clients, consumers, and employees. The volume of facts being replaced across these channels has also exponentially augmented in the years to come.
Telecom Expense Management Market: Growth Factors
The global telecom expense management market is expected to grow at a higher rate over the next few years. Some of the important trends that the telecom expense management market is experiencing consist of high growth prospects in up-and-coming economies, growing popularity of portable equipment in enterprises and current technological expansions in telecom expense management market.
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The wide-ranging telecom expense management market estimates are the end result of our in-depth derivative research, key interviews, and in-house specialist team reviews. These market estimations have been investigated by taking into account the collision of various social, political, economic, technical, and legal aspects along with the recent market dynamics influencing the global market growth.
Telecom Expense Management Market: Segmentation
The global telecom expense management market is segmented on the basis of applications into economic administration, order administration, dispute administration inventory management, business intelligence, contract management, and others. By mode of delivery, the global market has been divided into complete outsourcing, managed services, and cloud services. In addition, on the basis of the end-use adoption, the telecom expense management market is classified into banking, financial services, and insurance, government and defense healthcare, IT, retail, transportation and logistics, and telecommunication, manufacturing, and others.
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Telecom Expense Management Market: Regional Analysis
North America is currently the leading regional market for the global telecom expense management and is anticipated to grow at the highest revenue generation in the years to come. In this comparatively mature market, few aspects such as the widespread usage of mobile devices in enterprises, technically highly developed and thus tremendously complex telecom infrastructures and existence of a huge number of telecom expense management providers will support the future development of North America telecom expense management market.
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On the other hand, the global telecom expense management market will experience the most promising expansion in up-and-coming regional markets such as the Middle East, and Asia Pacific and Africa in the coming years. In Asia Pacific, existence of a vast number of IT services and product companies, growing popularity of CYOD and BYOD policies, and enhancing IT and telecom infrastructures will fuel the requirement for efficient telecom expense management products and services.
Telecom Expense Management Market: Competitive players
The key players of the global telecom expense management market are Asentinel LLC, Anatole SAS, Ezwim B.V, Calero Software LLC, Valicom Corporation, Tangoe, Inc., WidePoint Solutions Corporation, Inc., and Avotus Corporation.
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