DUBLIN, July 2, 2021 / PRNewswire / – The “Telecom Expense Management – Global Market Trajectory & Analytics” the report was added to ResearchAndMarkets.com offer.

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Global Telecom Expense Management Market to Reach $ 5.2 billion by 2026

Amid COVID-19 Crisis, Global Telecom Expenditure Management Market is estimated at 2.8 billion US dollars in 2020, is expected to reach a revised size of US $ 5.2 billion by 2026, with a CAGR of 10.4% over the analysis period.

Cloud services, one of the segments analyzed in the report, is expected to grow at a CAGR of 8.8% to reach US $ 2 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the full outsourcing segment is readjusted to a revised CAGR of 12.5% ​​for the next 7 year period.

This segment currently represents a 33.6% share of the global telecommunications expense management market. With changing labor standards on corporate mobility and the emergence of a geographically dispersed workforce operating from different locations with their own devices under the Bring Your Own Device (BYOD ), cloud-based TEM services are booming.

An increasing number of companies are outsourcing their TEM operations in order to focus their efforts on core business processes and thus ensure efficient use of internal resources for important processes.

The growing need to rationalize telecommunications costs amid the growing popularity of replacing conventional telecommunications systems with converged computing systems such as tablets and smartphones that provide mobility as well as communications is poised to accelerate global adoption. TEM solutions. With the expansion of in-house telecommunications networks and their increasing complexity, businesses are choosing efficient TEM solutions.

The rapid increase in the importance of mobile devices and cellular communications services in corporate internal telecommunications networks is forcing companies to adopt a system for monitoring and managing the use and cost of various corporate assets and resources. telecommunications. The growing integration of personalized mobile devices such as smartphones, laptops and tablets as part of the growing trend of enterprise mobility and Bring Your Device (BYOD) or Choose Your Device strategies Own Device (CYOD) have been critical factors fueling the growth in global management of telecommunications spending. market.

The US market is estimated at $ 1.4 billion in 2021, when China is expected to reach $ 402.9 million by 2026

The United States Telecom Expense Management market is estimated to be 1.4 billion US dollars in 2021. The country currently represents a 44.2% share of the global market. China, the world’s second-largest economy, is expected to reach an estimated market size of US $ 402.9 million during the year 2026, with a CAGR of 12.7% throughout the analysis period.

Other notable geographic markets include Japan and Canada, each projects growth of 8.8% and 9.5% respectively over the period of analysis. In Europe, Germany is expected to grow by around 10% CAGR while the rest of the European market (as defined in the study) will reach US $ 451.1 million at the end of the analysis period. Increasing government spending and the growing trend towards location self-employment are expected to fuel demand for TEM solutions in developed regions.

In addition, the presence of several major players actively adopting teleworking increases the need for visibility, integration, secure access and monitoring of the consumption of telecommunications and IT services. Rapid improvements in IT and telecom infrastructure in enterprises and strengthening BYOD and CYOD policies are fueling demand for TEM solutions in Asia Pacific.

Managed services segment to be achieved $ 1.4 billion by 2026

Increasingly, businesses are choosing solutions from managed service providers that provide cloud-based telecom expense management, which is primarily driven by digital transformation strategies. While most organizations manage both telecommunications and IT internally, the increasing level of complexity requires tools that can manage costs.

In the global managed services segment, United States, Canada, Japan, China and Europe will lead to the estimated 9.7% CAGR for this segment. These regional markets representing a combined market size of US $ 638.3 million in 2020 will reach a projected size of US $ 1.2 billion at the end of the analysis period.

China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, India, and South Korea, the market of Asia Pacific should reach US $ 170.2 million by 2026, while Latin America will increase at a CAGR of 11% throughout the analysis period.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • 2020 marked as a year of disruption and transformation

  • How has the IT industry been affected by the pandemic and what is the new normal?

  • Pandemic Highlights Importance of Telecom Expenditure Management (TEM) for IT and Telecom Services

  • As Businesses Embrace the Remote Work Model, Businesses Adopt TEM solutions to contain costs

  • An introduction to managing telecommunications expenses

  • Growing Importance of Telecommunications Expenditure Management (TEM) in a Highly Connected World

  • Global Market Outlook and Outlook

  • Developed regions leading, developing economies leading future growth

  • Competition

  • Brands of the world

  • Recent market activity

2. FOCUS ON CERTAIN PLAYERS (Total 115 featured)

3. MARKET TRENDS AND FACTORS

  • Numerous Benefits of Telecom Expense Management Tools to Drive Market Growth

  • Need to get better visibility on communications technology spending to drive the market

  • The highly complex nature of telecommunications expenses amplifies the importance of TEM tools in reducing costs

  • TEM Helps Achieve Optimal Value From Telecom Assets

  • Telecommunications expense management is moving towards technology expense management

  • Pandemic Induced Economic Downturn Boosts TEM Market

  • Globalization of business and decentralization of the workforce provide a solid foundation for wider adoption of TEM solutions

  • Growing Deployment of Telecom-Based Services in Business Units Reinforces Importance of TEM Solutions

  • Growing adoption of mobile communication devices in businesses is driving EMT adoption

  • The rapid proliferation of smartphones is adding weight to the TEM market

  • Evolving mobile technologies support BYOD implementation in enterprises, reinforcing the importance of TEM solutions

  • Key factors driving the BYOD / COPE / COBO trend among companies ranked by importance attached by companies

  • Next-generation 5G network technology to transform enterprise mobility, fueling the need for TEM solutions

  • Managed mobility services have the potential to improve technology spend management

  • TEM software makes it easy to review expense data

  • Single platform preference on the rise, local resources essential for TEM providers

  • Notable trends influencing the growth of the telecommunications expense management market

  • Technology trends impacting the TEM market

  • Innovations pave the way for the growth of the TEM market

  • TEM offers cost savings for the healthcare sector

  • Small and medium-sized enterprises (SMEs) to stimulate long-term growth

4. WORLD MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information on this report, visit https://www.researchandmarkets.com/r/513h7k

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