Telecom Expense Management Market in Australia to Grow at 6.4% CAGR to Reach $128.52 Million by 2027 Led by Key Players CIMPL, CGI, Tangoe, Calero Software, Avotus, Valicom, VoicePlus, Telstra Corporation, Emersion Software Systems, Accenture
The Telecom Expense Management Market in Australia representing a CAGR of 6.4% over the forecast period to touch a figure of nearly $128.52 Million by 2027 driven by significant rise in penetration of TEM solutions across SMEs and the rise in demand for 5G enabled telecom services and solutions.
Telecom Expense Management Market in Australia to Grow at 6.4% CAGR to Reach $128.52 Million by 2027
Australia Telecom Expense Management Market Strategic Insights:
Market Initiatives was observed as the most adopted strategy in the Australia Telecom Expense Management Market. Few of the recent market initiatives adopted by some of the leading market players operating in the Australia Telecom Expense Management Market are listed below; 2019: Accenture announced that the company has earned Efficiency First Solution Certificate in TEM from AOTMP; 2019: Calero and Crown Commercial Service together launched RM3802 Technology Expense Management Framework for public sector organizations in UK; 2018: Calero Software acquitted Netherland based TEM provider A&B Groep to expand Calero’s technical, customer service as well as commercial operations in Europe.
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The swift reduction in IT infrastructure and digital costs, coupled with an emphasis towards operational efficiencies has boosted the growth of TEM based solutions across the small and medium enterprise owners. Moreover, the availability of versatile benefits over the conventional telecom expense management along with an increase in flexible service offerings from the telecom services provider is also anticipated to add to the complexity of telecom expense management through conventional solutions.
Thus, propelling the penetration of TEM based numerous solutions and managed services across the large pool of small & medium enterprise owners across the Australian region. According to data accessed from the Australian government website, the small & medium enterprise employs about 44% of the total Australian population, i.e., 4.8 million of and contributed 35% of the overall industry value added (IVA) in 2017.
The integration of state of the art technology enabled 5G telecom services has attracted significant traction across significant economies, including Australia. Factors such as higher bandwidth resulting in superior internet and data services along with scope for innovative augmented and virtual reality enabled solutions is further expected to fuel the growth of the 5G enabled services. The Australian Communications and Media Authority (AMCA) has promised to accommodate modifications in its existing spectrum allocation towards maximizing the benefits of implementation of 5G services for both its commercial and retail end-users.
Moreover, the Australian government has ensured the spectrum availability along with assistance in necessary regulatory and infrastructure arrangements towards the timely implementation and subsequently the availability of the 5G enabled services by the end of 2019 or 2020. Consequently, providing numerous attractive business opportunities for the Australia telecom expense market players during the forecast period.
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Australia Telecom Expense Management Market Company Profiles:
• Accenture plc
• Avotus Corporation
• Calero Software, LLC
• CGI Inc.
• CIMPL Inc.
• Emersion Software Systems Pty Ltd
• Tangoe, Inc.
• Telstra Corporation Limited
• VoicePlus Pty Ltd
Presently, the leading telecom expense management based market players offer a broad range of solutions as well as related managed services for distinguishing their core offerings from market competitors. Moreover, the significant presence of many market players across Australian as well as other major geographical regions along with high market competition has attributed in the highly fragmented nature of the market.
This Research Report Examines Company share by region and sector; Global and regional market positions; Category and country opportunities for growth; New product developments; Strengths and weaknesses; Brand portfolio; Marketing and distribution strategies; Challenges and threats from current competition and future prospects.
Currently, the companies operating in Australia telecom expense management market provide a wide range of solutions through professional and managed services. Furthermore, the continuous advancement in technological capabilities in the business communication such as hosted PBX, unified communications, and other disruptive technologies also have a significant impact over the market player value offerings and subsequently their business model.
The insights also cover the production, value, market share, and growth rate of these top manufacturers and investigate the competitive landscapes for a better understanding of the market scenario. The report is intended to help the readers develop a practical and intelligent approach to market dynamics and exploit opportunities accordingly.
The Australia Telecom Expense Management Market study also includes the key drivers expected to boost the market growth and restraining factors along with future opportunities during the forecast. The Australia Telecom Expense Management Market is likely to showcase symbolic growth opportunities owing to growing demands for Australia Telecom Expense Management across the globe. The market report highlights top ten company’s operation strategy in the market through a descriptive SWOT analysis of each company, business overview, products and services, financial statements of last three years, and key developments and product launches by the company in recent years.
Key Insights that the report covers:-
• Key drivers, restraints, and prevailing trends
• Market size, growth rate, and opportunities
• Market share and position of the top players
• PEST Analysis of the five major regions
• Detailed SWOT analysis of top 10 companies
• Recent developments and new product launches
• Major challenges faced by the market players
Reasons to buy the report:-
• Creating an effective position strategy
• Expert opinions on your evaluation
• Know possible barriers to entry
• Informed and strategic decision making
• Understand how first movers work
• Plan to action on future opportunities
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