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Editing: 7; Published: February 2022
Executive commitments: 3734
Companies: 115 – Players covered include Accenture PLC; Dimension data management automaton; Econocom; MDSL; Tango; Valicom; Vodafone Global Enterprise and others.
Blanket: All major geographies and key segments
segments: Mode of delivery (cloud services, full outsourcing, managed services)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global Telecom Spend Management Market to Reach $5.2 billion by 2026
Telecom Expense Management (TEM) refers to enterprise-wide communications integration and expense monitoring solution for IT services, Internet of Things, cloud licensing, fixed storage solutions, mobile voice and data communications. The growing need to streamline telecom costs amid the growing popularity of replacing conventional telecom systems with converged computing systems such as tablets and smartphones that provide mobility as well as communications is poised to drive adoption world of TEM solutions. With the expansion of internal telecommunications networks and their increasing complexity, companies are opting for efficient TEM solutions. The rapid increase in the importance of mobile devices and cellular communications services in the internal telecommunications networks of companies requires companies to adopt a system for monitoring and managing the use and cost of the various assets and resources of telecommunications. The increasing integration of personalized mobile devices such as smartphones, laptops and tablets as part of the growing trend towards enterprise mobility and bring your own device (BYOD) or choose your own device (CYOD) strategies have been key factors fueling the growth of global telecom spend management. Marlet. With an increasing number of non-administrative employees choosing BYOD practices, businesses increasingly need to reduce the costs incurred on hardware and telecommunications. Apart from improving connectivity and accessibility for the workforce, the evolution of mobile technologies such as IoT, 5G and cloud ecosystem are also driving the adoption of BYOD in business environments. ‘business. TEM solutions help companies establish security protocols and standards to ensure control of mobile content that is stored and accessed on employee mobile devices.
Amid COVID-19 crisis, Global Telecom Expense Management Market Estimated at US$3.4 billion in 2022, is expected to reach a revised size of US$5.2 billion by 2026, growing at 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 2 billion US dollars 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 Complete Outsourcing segment is readjusted to a revised CAGR of 12.5% for the next 7-year period. This segment currently accounts for a 33.6% share of the global telecom spend management market. With evolving workplace standards for enterprise mobility and the emergence of a geographically dispersed workforce operating from different locations with their own devices as part of the Bring Your Own Device (BYOD), cloud-based TEM services are on the rise. A growing number of companies are outsourcing their TEM operations to focus their efforts on core business processes and thus ensure efficient use of internal resources for important processes.
The US market is estimated at $1.5 billion in 2022, when China is expected to reach $402.9 million by 2026
The United States Telecom Spend Management Market is estimated at US$1.5 billion in 2022. The country currently accounts for a 44.2% share of the global market. Chinaworld’s second largest economy, is expected to reach an estimated market size of US$402.9 million in 2026 with a CAGR of 12.7% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 8.8% and 9.5% respectively over the analysis period. In Europe, Germany is expected to grow 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. Rising government expenditures and the growing trend of location independent work are expected to fuel the demand for TEM solutions in developed regions. In addition, the presence of several major players actively adopting remote work increases the need for visibility, integration, secure access and consumption monitoring of telecommunications and IT services. Rapid improvements in IT and telecom infrastructure in enterprises and the strengthening of BYOD and CYOD policies are fueling the demand for TEM solutions in Asia Pacific.
Managed services segment to reach $1.4 billion by 2026
Increasingly, companies are choosing solutions offered by managed service providers who provide cloud-based telecom expense management, 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 drive the CAGR of 9.7% estimated for this segment. These regional markets representing a combined market size of US$638.3 million 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, Indiaand South Koreathe market of Asia Pacific should reach US$170.2 million by 2026, while Latin America will increase at a CAGR of 11% over the analysis period. Continued
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