openPR Logo
Press release

TEM Market to Benefit Most from Emerging Markets

12-04-2017 12:28 PM CET | Associations & Organizations

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.

For more information on this report, fill the form @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&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.

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.

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

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.

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 TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.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 TEM Market to Benefit Most from Emerging Markets here

News-ID: 843565 • Views:

More Releases from Transparency Market Research

Crystal Oscillator Market Expected to Reach US$ 4.7 Billion by 2034: Transparenc …
The Global Crystal Oscillator Market is poised for substantial growth, with projections indicating a value of US$ 4.7 billion by the end of 2034, up from US$ 3.0 billion in 2023, at a CAGR of 4.2% during the forecast period from 2024 to 2034. The significant expansion is primarily attributed to the surge in aerospace and defense industries, along with the escalating penetration of smartphones worldwide. Download Sample PDF from Here-
Global Vibration Sensor Market Set to Reach US$ 5.6 Billion by 2031: New Report …
The latest report on the global vibration sensor market presents a promising outlook, projecting a robust growth trajectory from 2023 to 2031. According to the report, the industry, valued at US$ 3.5 billion in 2022, is estimated to expand at a Compound Annual Growth Rate (CAGR) of 5.6%, reaching a valuation of US$ 5.6 billion by the end of 2031. Download Sample PDF from Here- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=69041&utm_source=Openpr&utm_medium=Amit The surge in demand for predictive
Global Surge Protection Devices Market Set to Surge, Reaching US$ 4.9 Billion by …
The Global Surge Protection Devices Market is poised for substantial growth, according to the latest market research report. Valued at over US$ 2.9 billion in 2021, the market is estimated to expand at a CAGR of 5.3% from 2022 to 2031, reaching a projected value of US$ 4.9 billion by the end of 2031. Download Sample PDF from Here- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2939&utm_source=Openpr&utm_medium=Amit Booming Electronic Industry and Technological Advancements to Propel Market Growth The surge protection
Global Semiconductor Metrology Equipment Market Set to Reach US$ 13.3 Billion by …
The Global Semiconductor Metrology Equipment Market is on a trajectory of significant growth, projected to reach a value of US$ 13.3 billion by the end of 2031. This remarkable advancement, from a value of US$ 6.1 billion in 2022, is attributed to a robust Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period, 2023-2031. The escalating demand for semiconductor devices, driven by emerging technologies like Internet of Things (IoT),

All 5 Releases


More Releases for TEM

Transmission Electron Microscope (TEM) Market Report 2018: Segmentation by Produ …
Global Transmission Electron Microscope (TEM) market research report provides company profile for Zeiss, Delong, Cordouan, FEI, JEOL, Hitachi and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on
Telecom Expense Management (TEM) Market Sees Promising Growth during 2017-2022
HTF MI published a new industry research that focuses on Telecom Expense Management (TEM) market and delivers in-depth market analysis and future prospects of Global Telecom Expense Management (TEM) market. The study covers significant data which makes the research document a handy resource for managers, analysts, industry experts and other key people get ready-to-access and self-analyzed study along with graphs and tables to help understand market trends, drivers and market
Global Transmission Electron Microscope (TEM) Market 2017 - FEI, JEOL, Hitachi
In this report, the global Transmission Electron Microscope (TEM) market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Transmission Electron Microscope (TEM) in these regions, from 2012
Platelet Aggregation Devices Market Size 2017 Sysmex, Siemens, Haemonetics, Tem …
Platelet Aggregation Devices Market Research Report A market study ” Global Platelet Aggregation Devices Market ” examines the performance of the Platelet Aggregation Devices market Size 2017. It encloses an in-depth Research of the Platelet Aggregation Devices market state and the competitive landscape globally. This report analyzes the potential of Platelet Aggregation Devices market in the present and the future prospects from various angles in detail. The Global Platelet Aggregation Devices Market
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
eXplorance to Unveil Training Experience Management (TEM) Framework
A revolutionary TEM framework is being introduced to assist higher education institutions in assessing and improving teaching and learning practices. Montreal (Qc) September 09, 2013 Today, eXplorance announces a new framework, Training Experience Management (TEM), that will serve as the guiding strategy to assist higher education institutions in achieving continuous improvement in the teaching and learning process. Many colleges and universities are struggling to adapt to rapid technology changes such as ongoing digitization,