Telecom Expense Management Global Market to Reach $7.9 Billion by 2030: Pandemic-Induced Economic Downturn Provides Thrust to TEM Market


Dublin, July 11, 2023 (GLOBE NEWSWIRE) -- The "Telecom Expense Management: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Telecom Expense Management estimated at US$3.4 Billion in the year 2022, is projected to reach a revised size of US$7.9 Billion by 2030, growing at a CAGR of 10.9% over the analysis period 2022-2030.

Cloud Services, one of the segments analyzed in the report, is projected to record a 9.1% CAGR and reach US$2.6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Complete Outsourcing segment is readjusted to a revised 13% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 13.2% CAGR

The Telecom Expense Management market in the U.S. is estimated at US$1.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$661.6 Million by the year 2030 trailing a CAGR of 13.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.3% and 10.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2030.

Select Competitors (Total 115 Featured) -

  • Accenture plc
  • Avotus Corporation
  • Calero-MDSL
  • Cass Information Systems, Inc
  • CGI GROUP INC.
  • CompuCom Systems, Inc.
  • Dimension Data
  • Econocom Group SE
  • Globys, Inc.
  • International Business Machines Corporation
  • Tangoe
  • Valicom
  • WidePoint Solutions Corporation Inc.

Key Attributes:

Report AttributeDetails
No. of Pages382
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$3.4 Billion
Forecasted Market Value (USD) by 2030$7.9 Billion
Compound Annual Growth Rate11.1%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Telecom Expense Management - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022
  • How the IT Industry Has Been Impacted by the Pandemic & What's the New Normal?
  • Pandemic Brings to Light the Significance of Telecom Expense Management (TEM) for IT and Telecom Departments
  • As Enterprises Embrace Remote Work Model, Companies Adopt TEM Solutions to Contain Costs
  • WFM (Work from Home) Employees as a % of the Total Workforce in Select Countries for the Years 2019 and 2020
  • An Introduction to Telecom Expense Management
  • Growing Importance of Telecom Expense Management (TEM) in Highly Connected World
  • Global Market Prospects & Outlook
  • Developed Regions Lead, Developing Economies to Lead Future Growth
  • Competition
  • World Brands
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Myriad Benefits of Telecom Expense Management Tools to Propel Market Growth
  • Need to Gain Better Visibility over Communication Technology Spending to Boost Market
  • Highly Complex Nature of Telecom Expenses Amplifies Significance of TEM Tools in Cutting Costs
  • TEM Helps Achieve Optimal Value from Telecom Assets
  • Telecom Expense Management Evolves into Technology Expense Management
  • Pandemic-Induced Economic Downturn Provides Thrust to TEM Market
  • Globalization of Businesses & Workforce Decentralization Provide a Solid Foundation for Wider Adoption of TEM Solutions
  • Global Workforce Population: Percentage Breakdown of Employees by Nature of Work for 2009, 2017, & 2024
  • Rising Deployment of Telecom-based Services across Enterprise Units Enhances Significance of TEM Solutions
  • Rising Adoption of Mobile Communication Devices in Enterprises Drives Adoption of TEM
  • Rapid Proliferation of Smartphones Lends Traction to TEM Market
  • Global Smartphone Shipments in Million Units: 2016-2021
  • Smartphone Penetration Rate as Share of Total Population: 2016-2021
  • Global Mobile Internet Market: Percentage Breakdown of Revenues by Mobile Internet Category (in %) for 2020
  • Evolving Mobile Technologies Support BYOD Implementation in Enterprises, Driving Importance of TEM Solutions
  • Key Factors Encouraging BYOD/COPE/COBO Trend among Enterprises Ranked by Importance Attached by Enterprises
  • Next Generation 5G Network Technology to Transform Enterprise Mobility, Fueling Need for TEM Solutions
  • Breakdown of Network Latency (in Milliseconds) by Network Type
  • 5G Smartphone Sales in Million Units: 2019-2021
  • Global Smartphone Subscription Breakdown by Technology for 2019 and 2025
  • Managed Mobility Services Hold Potential in Enhancing Technology Expense Management
  • Global Managed Mobility Services Market (in US$ Million) by Geographic Region for 2020 and 2027
  • TEM Software Facilitates Easy Review of Expense Data
  • Preference for Single Platform on the Rise, Local Resources Critical to TEM Vendors
  • Notable Trends Influencing Growth in the Telecom Expense Management Market
  • Technology Trends Impacting TEM Market
  • Innovations Pave the Way for Growth in TEM Market
  • TEM Offers Costs Savings for the Healthcare Sector
  • Small and Medium Businesses (SMBs) to Boost Long-term Growth

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ozrk8j

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Attachment

 
Global Market for Telecom Expense Management

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