openPR Logo
Press release

Telecom Expense Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

11-23-2017 09:03 AM CET | IT, New Media & Software

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
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.

Download Brochure@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3752

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.

TMR findings suggest that these factors will enable the global TEM market expand at a 13.5% CAGR from 2016 to 2024, allowing the market to rise to a valuation of US$4.92 bn by 2024.

TEM Market to Benefit Most from Emerging Markets

North America is presently the leading regional market for telecom expense management and is expected to record the highest revenue generation for the global market over the period between 2016 and 2024. In this relatively mature market, factors such as the extensive usage of mobile devices within enterprises, technologically advanced and thus extremely complex telecom infrastructures, and presence of a large number of TEM providers will favor the future growth of North America TEM market.

However, the global TEM market will witness the most promising growth in emerging regional markets such as Asia Pacific and Middle East and Africa (MEA) in the coming years. In Asia Pacific, presence of a large number of IT services and product companies, rising popularity of BYOD and CYOD policies, and improving telecom and IT infrastructures will drive the need for effective TEM products and services. In Middle East and Africa, the TEM market will gain hold owing to rising digitization of oil and gas industry and heavy investments in the IT and telecom sectors in the past few years.

The TEM market in Asia Pacific is expected to witness an exponential 18.3% CAGR while the MEA market is expected to exhibit an 18.7% CAGR from 2016 to 2024. North America, the current leader in the market, will exhibit a relatively modest 8.9% CAGR over the same period. It is evident that TEM companies will have to align their focus towards MEA and Asia Pacific so as to exploit the enormous growth opportunities these regions promise for the TEM market.

Cost-effective and Flexible Cloud-based Products and Services Gain Prominence

Having offered excellent efficiency, cost benefits, flexibility, and several other benefits to many operational activities so far, cloud-based TEM products and services are also a huge hit among small-, mid-, and large-scale enterprises. Cloud has grabbed the largest share in terms of mode of deployment, accounting for 45.98% of the market in 2015. However, it is expected to witness a slight decline, accounting for 39.86% in the global market by 2024.

The rising popularity of complete outsourcing will be central to the declining market share of cloud services. TMR findings suggest that businesses will offload their TEM operations so as to increase focus on core business processes and put internal resources to effective use for other purposes.Complete outsourcing is expected to register a CAGR of 15.4% from 2016 to 2024.

Browse Report@ https://www.transparencymarketresearch.com/telecom-expense-management-market.html

The market is highly fragmented and features several companies operating amid intense competition. Some of the most prominent vendors in the vendors in the market are Asentinel LLC, Anatole SAS, Ezwim B.V, Calero Software LLC, Valicom Corporation, Tangoe, Inc., WidePoint Solutions Corporation, Inc., and Avotus Corporation.

About Us:-

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact Us:-

State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Telecom Expense Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024 here

News-ID: 829884 • Views:

More Releases from Transparency Market Research

Europe Anti-slip Paper Market Valuation Set to Reach USD 450.1 Million by 2035, Expanding at a CAGR of 7.0%
Europe Anti-slip Paper Market Valuation Set to Reach USD 450.1 Million by 2035, …
The Europe Anti-slip Paper Market is poised for robust growth over the forecast period, driven by rising demand for sustainable, efficient, and safe packaging solutions across industries. Valued at US$ 214.4 Mn in 2024, the market is projected to almost double and touch US$ 450.1 Mn by 2035, registering a CAGR of 7.0% from 2025 to 2035. This growth is supported by stringent regulatory frameworks, the rapid expansion of e-Commerce,
Ethyl Acetate Market Outlook 2035: Global Valuation to Reach USD 15.1 Billion Amid Rising Demand for Green Solvents and Flexible Packaging
Ethyl Acetate Market Outlook 2035: Global Valuation to Reach USD 15.1 Billion Am …
The global ethyl acetate market is entering a phase of sustained expansion driven by strong industrial demand and accelerating adoption of green, sustainable solvents. Valued at US$ 6.5 Bn in 2024, the market is projected to expand at a CAGR of 8.0% from 2025 to 2035, ultimately reaching US$ 15.1 Bn by 2035. This growth reflects rising use across paints and coatings, adhesives, pharmaceuticals, packaging, and the food & beverage
HPLC Column Market Outlook 2035: Global Industry to Reach USD 4.7 Billion by 2035, Expanding at 5.3% CAGR
HPLC Column Market Outlook 2035: Global Industry to Reach USD 4.7 Billion by 203 …
The global HPLC Column Market is poised for steady and sustained growth through 2035, supported by rising demand for analytical testing across pharmaceutical, biotechnology, food and beverages, and environmental sectors. Valued at US$ 2.6 Bn in 2024, the industry is projected to reach US$ 4.7 Bn by 2035, expanding at a CAGR of 5.3% from 2025 to 2035. Increasing regulatory compliance, technological advancements in column design, and growing applications in
Carboxylic Acid Market Outlook 2035: Global Market to Reach USD 12.9 Billion by 2035, Expanding at 6.3% CAGR
Carboxylic Acid Market Outlook 2035: Global Market to Reach USD 12.9 Billion by …
The global carboxylic acid market continues to gain momentum as demand surges across diverse industrial applications. Valued at US$ 6.6 Bn in 2024, the market is projected to expand at a CAGR of 6.3% between 2025 and 2035, ultimately reaching US$ 12.9 Bn by 2035. This strong growth trajectory is driven by the rising consumption of carboxylic acids in chemicals, food and beverages, pharmaceuticals, agriculture, personal care, and industrial manufacturing.

All 5 Releases


More Releases for TEM

From Service to Leadership: Mayor Pro Tem Jamelle McKenzie's Journey
A Legacy of Service and Determination Mayor Pro Tem Jamelle McKenzie's journey from New York to Atlanta is a story of resilience, leadership, and service. Raised with the belief that there are no limits to what one can achieve, she has broken barriers across multiple fields-from police chaplaincy and nonprofit leadership to civic governance as the Mayor Pro Tem of College Park. Her entry into public service was unconventional but deeply rooted
Miniature Thermoelectric Modules TEM Market Size 2024 to 2031.
Market Overview and Report Coverage Miniature Thermoelectric Modules (TEM) are advanced electronic devices that generate electricity by using the temperature difference between the two ends of the module. These modules are widely used in various applications such as refrigeration, automotive, aerospace, and healthcare industries. They offer benefits such as compact size, high efficiency, and reliable performance. The current outlook of the Miniature Thermoelectric Modules TEM Market is positive, with significant
Global Transmission Electron Microscope (TEM) Market Research Report 2023-2029
Transmission electron microscopy (TEM) is an imaging technology in which electron beams pass through very thinly sectioned specimens. As the electrons are transmitted through the specimen and interact with its structure, an image resolves that is magnified and focused onto an imaging medium, such as photographic film or a fluorescent screen, or captured by a special CCD camera. Because the electrons used in transmission electron microscopy have a very small
Global Travel and Expense Management (TEM) Software Market Research Report 2023
Global Travel and Expense Management (TEM) Software Market Travel and expense (T&E) software is programming that allows an organization to track and approve reimbursement for the cost of a business trip. The global Travel and Expense Management (TEM) Software market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the
Telecom Expense Management (TEM) Market 2022 Industry Growth Estimate, Strategy …
The Telecom Expense Management Market is expected to witness a CAGR of 14.5% over the forecast period (2022 - 2027). Regardless of their size, businesses operating in every business area or industry must now manage their telecom expenses. One of the market's evolving trends, along with the rise of commercial communication infrastructures over the past several years, is the rising demand for effective telecom expenditure management procedures. The market for telecom expenditure
Global Transmission Electron Microscope (TEM) Industry Analysis & Forecast Repor …
Summary The Global Transmission Electron Microscope (TEM) Industry Analysis & Forecast Report 2016-2021 is a professional and in-depth study on the current state of the Transmission Electron Microscope (TEM) industry. The report analysis the global market of Transmission Electron Microscope (TEM) by main manufactures and geographic regions. The report includes Transmission Electron Microscope (TEM) definitions, product type, applications and industry chain structure, development trends, competitive landscape analysis, and key regions development