Press release
Telecom Expense Management Market 2017 Industry, Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2022
Market Research Future (MRFR) Announces the Publication of its Half Cooked Research Report – Telecom Expense Management Market Research Report- Forecast 2017-2023.The major factors promoting the growth of telecom expense management is increasing demand for mobile applications, growing popularity of portable equipment’s in enterprises and upcoming advancements in telecom expense management. Other factors such as adoption of mobile devices, visibility into expense management, and growing popularity of cloud-based services are aiding the market growth.Cloud sService market is estimated to exhibit high growth potential during the forecast period owing to its increasing demand across various industry verticals. Factors such as rising adoption of mobile devices in enterprises and advancements in corporate telecom infrastructure have made telecom networks of large, medium, and small-scale enterprises complex and difficult for manual monitoring.
Technology giants such as Accenture PLC (Ireland), Avotus Corporation (Canada), Control Point Solutions (U.S.), Invoice Insights (U.S.), MBG (U.S.) are some of the major players in the telecom expense management market. Avotus Corporation offers a comprehensive solution that focuses on enterprises telecom and technology spend. It provides solutions such as invoices are properly received and delivered, loaded, processed, analyzed, audited, and monitored for compliance with contracts and asset accuracy. The company has developed a robot, named Avotus ITAM Robot that builds and solve enterprises telecom and IT inventory management against invoicing for precise intelligent communications management. Invoice Insights is one of the prominent players in the telecom expense management enable enterprises by offering efficient telecom expense management solution such as it helps enterprises save time, improve efficiency, and optimize cost spend on communication.
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Major Key Players
Accenture PLC (Ireland),
Avotus Corporation (Canada),
Control Point Solutions (U.S.),
Invoice Insights (U.S.),
MBG (U.S.),
Profitline (U.S.),
Tangoe (U.S.),
IBM (U.S.),
Ezwim B.V,
MDSL (Netherlands),
Econocom (Belgium)
The global telecom expense management market has been segmented on the basis of solution, service, organization size, and end-user. The service segment is further classified into licensed software, managed service, cloud service, and complete outsourcing. Managed services occupies a considerable share in the telecom expense management market. It can be defined as proactive management of an information technology asset or object, by a third party typically known as a MSP, on behalf of the end-user. The operative distinction that sets apart a managed service program is the proactive delivery of their service, as compared to reactive IT services, which have been around for decades. The key drivers contributing to the growth of the managed services are rise in the digital information, the need to secure it, increasing trend of bring your own devices, flexibility to match custom requirements, continuous upsurge in dependency over heterogeneous networks, and persistent rise in the complexity of technological solutions.
According to Market Research Future Analysis, the global telecom expense management market is estimated to generate revenue of approximately USD 4 billion by 2023 growing at a CAGR of 18% during the forecast period 2017-2023.
The global telecom expense management market can beis segmented on the basis of solution, service, organization size, and end-user. The end user is further segmented into automotive, consumer goods & retail, BFSI, transport and logistics, and others. However, the IT & telecommunication segment is expected to hold the largest share of the telecom expense management market owing to the increased IT infrastructure, expansion of markets across globe and increased expenditure on mobile devices. However, the IT & telecommunication segment is expected to hold the largest share of the telecom expense management market. This is owing to the increased IT infrastructure, expansion of markets across globe, increased expenditure on mobile devices, and advanced communications channels to connect with employees, customers, and clients. has led to demand of telecom expense management solution in the industry.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Access Report Details @ https://www.marketresearchfuture.com/reports/telecom-expense-management-market-4771
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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