Market Overview:
The global telecom expense management software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for telecom expense management software from various end-user industries, such as banking, financial services, and insurance (BFSI), retail, IT and telecommunication, healthcare, transportation and logistics, manufacturing, government and defense sectors. In addition to this, the growing trend of cloud-based deployment is also contributing significantly towards the growth of this market.
Product Definition:
Telecom Expense Management Software is used to manage the expenses related to telecom services. This software can help organizations track and analyze their telecom usage, identify areas for cost savings, and generate reports on spending.
Managed Services:
Managed services are a set of support and maintenance services provided to telecom operators by third-party vendors. These services help operators reduce their expenses in various areas such as network management, service fulfillment, system integration & consulting along with hardware replacement. The primary objective of managed service providers is to assist the operator’s core business operations at an optimum level while focusing on long-term partnerships and shared value creation.
Complete Outsourcing:
Complete outsourcing is a form of contract outsourcing in which the company hiring the services does not have any employees and is instead managed by an external service provider. The complete outsourced function or activity is then called a Completely Outsourced Service (COS).
The global complete telecom expense management software market size was valued at USD 2,099.9 million in 2016.
Application Insights:
The telecom expense management software is used across various applications in the telecom industry such as IT and telecommunication, banking, financial services, and insurance (BFSI), retail, healthcare and transportation. The BFSI segment accounted for a significant market share in 2017 owing to the high number of companies offering telecom services on an outsourced basis. For instance, according to e Telecom Review 2016-2017 Report published by Telecompetitor.com Inc., AT&T Inc. was able to reduce its capital expenditure by over USD 1 billion annually through outsourcing activities such as network maintenance & design construction of fiber optic lines for itself and its customers since 2009 through contracts with third party managed service providers (MSPs).
The IT segment is expected register the fastest CAGR from 2018 to 2030 due mainly to increasing demand from businesses for efficient communication solutions that enable them work effectively across all platforms including mobile devices, laptops/desktops PCs etcetera.
Regional Analysis:
North America is expected to be the key revenue contributor in the global market. The region has been witnessing a considerable rise in telecom expenditure over the past few years, which is projected to continue over the forecast period. This can be attributed to increasing investments in network infrastructure and rising demand for cost-effective services among enterprises operating across various industries.
The Asia Pacific regional market accounted for more than 20% of global revenue share in 2017 owing to rapid growth of cloud computing, digitalization, and IT spending across several economies including China and India. Furthermore, favorable government initiatives aimed at improving telecommunication infrastructure are also expected to drive demand for telecom expense management software over the next eight years. ‰â€˜Cloud First' strategy adopted by several governments worldwide is further driving investment towards this sector resulting into high adoption rate of telecom expense management software solutions among enterprises globally as well as within APAC region itself.
Growth Factors:
- Increasing demand for cloud-based telecom expense management software due to its scalability and flexibility.
- Proliferation of Bring Your Own Device (BYOD) policies in organizations, which is driving the need for effective telecom expense management solutions.
- The increasing complexity of telecom networks and the growing number of services offered by telcos are resulting in higher Telecom expenses for businesses, thereby fueling the demand for TEM software solutions.
- Rapid growth in mobile data traffic is leading businesses to adopt TEM solutions to optimize their mobile data costs.
Scope Of The Report
Report Attributes
Report Details
Report Title
Telecom Expense Management Software Market Research Report
By Type
Managed Services, Complete Outsourcing, Cloud Services
By Application
Banking, Financial Services, and Insurance (BFSI), Retail, IT and Telecommunication, Healthcare, Transportation and Logistics, Manufacturing, Government and Defense, Others
By Companies
Calero Software, TeleManagement Technologies, HPCI Telecom Management, ESKADENIA Software, Calvi Business Software, SourceConnect, Global Solutions, RadiusPoint, BKAIZEN, Cass Information Systems, SAASWEDO, SpikeFli Analytics, Metropolis Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Telecom Expense Management Software Market Report Segments:
The global Telecom Expense Management Software market is segmented on the basis of:
Types
Managed Services, Complete Outsourcing, Cloud Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banking, Financial Services, and Insurance (BFSI), Retail, IT and Telecommunication, Healthcare, Transportation and Logistics, Manufacturing, Government and Defense, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Calero Software
- TeleManagement Technologies
- HPCI Telecom Management
- ESKADENIA Software
- Calvi Business Software
- SourceConnect
- Global Solutions
- RadiusPoint
- BKAIZEN
- Cass Information Systems
- SAASWEDO
- SpikeFli Analytics
- Metropolis Technologies
Highlights of The Telecom Expense Management Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Managed Services
- Complete Outsourcing
- Cloud Services
- By Application:
- Banking, Financial Services, and Insurance (BFSI)
- Retail
- IT and Telecommunication
- Healthcare
- Transportation and Logistics
- Manufacturing
- Government and Defense
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Telecom Expense Management Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Telecom expense management software is a computer application that helps organizations manage telecommunications expenses. It can help identify and track costs associated with telecom services, such as voice, data, and text messaging; generate reports on spending patterns; and make recommendations for reducing costs.
Some of the key players operating in the telecom expense management software market are Calero Software, TeleManagement Technologies, HPCI Telecom Management, ESKADENIA Software, Calvi Business Software, SourceConnect, Global Solutions, RadiusPoint, BKAIZEN, Cass Information Systems, SAASWEDO, SpikeFli Analytics, Metropolis Technologies.
The telecom expense management software market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Telecom Expense Management Software Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Telecom Expense Management Software Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Telecom Expense Management Software Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Telecom Expense Management Software Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Telecom Expense Management Software Market Size & Forecast, 2018-2028 4.5.1 Telecom Expense Management Software Market Size and Y-o-Y Growth 4.5.2 Telecom Expense Management Software Market Absolute $ Opportunity
Chapter 5 Global Telecom Expense Management Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Telecom Expense Management Software Market Size Forecast by Type
5.2.1 Managed Services
5.2.2 Complete Outsourcing
5.2.3 Cloud Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Telecom Expense Management Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Telecom Expense Management Software Market Size Forecast by Applications
6.2.1 Banking
6.2.2 Financial Services
6.2.3 and Insurance (BFSI)
6.2.4 Retail
6.2.5 IT and Telecommunication
6.2.6 Healthcare
6.2.7 Transportation and Logistics
6.2.8 Manufacturing
6.2.9 Government and Defense
6.2.10 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Telecom Expense Management Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Telecom Expense Management Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Telecom Expense Management Software Analysis and Forecast
9.1 Introduction
9.2 North America Telecom Expense Management Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Telecom Expense Management Software Market Size Forecast by Type
9.6.1 Managed Services
9.6.2 Complete Outsourcing
9.6.3 Cloud Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Telecom Expense Management Software Market Size Forecast by Applications
9.10.1 Banking
9.10.2 Financial Services
9.10.3 and Insurance (BFSI)
9.10.4 Retail
9.10.5 IT and Telecommunication
9.10.6 Healthcare
9.10.7 Transportation and Logistics
9.10.8 Manufacturing
9.10.9 Government and Defense
9.10.10 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Telecom Expense Management Software Analysis and Forecast
10.1 Introduction
10.2 Europe Telecom Expense Management Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Telecom Expense Management Software Market Size Forecast by Type
10.6.1 Managed Services
10.6.2 Complete Outsourcing
10.6.3 Cloud Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Telecom Expense Management Software Market Size Forecast by Applications
10.10.1 Banking
10.10.2 Financial Services
10.10.3 and Insurance (BFSI)
10.10.4 Retail
10.10.5 IT and Telecommunication
10.10.6 Healthcare
10.10.7 Transportation and Logistics
10.10.8 Manufacturing
10.10.9 Government and Defense
10.10.10 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Telecom Expense Management Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Telecom Expense Management Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Telecom Expense Management Software Market Size Forecast by Type
11.6.1 Managed Services
11.6.2 Complete Outsourcing
11.6.3 Cloud Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Telecom Expense Management Software Market Size Forecast by Applications
11.10.1 Banking
11.10.2 Financial Services
11.10.3 and Insurance (BFSI)
11.10.4 Retail
11.10.5 IT and Telecommunication
11.10.6 Healthcare
11.10.7 Transportation and Logistics
11.10.8 Manufacturing
11.10.9 Government and Defense
11.10.10 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Telecom Expense Management Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Telecom Expense Management Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Telecom Expense Management Software Market Size Forecast by Type
12.6.1 Managed Services
12.6.2 Complete Outsourcing
12.6.3 Cloud Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Telecom Expense Management Software Market Size Forecast by Applications
12.10.1 Banking
12.10.2 Financial Services
12.10.3 and Insurance (BFSI)
12.10.4 Retail
12.10.5 IT and Telecommunication
12.10.6 Healthcare
12.10.7 Transportation and Logistics
12.10.8 Manufacturing
12.10.9 Government and Defense
12.10.10 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Telecom Expense Management Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Telecom Expense Management Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Telecom Expense Management Software Market Size Forecast by Type
13.6.1 Managed Services
13.6.2 Complete Outsourcing
13.6.3 Cloud Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Telecom Expense Management Software Market Size Forecast by Applications
13.10.1 Banking
13.10.2 Financial Services
13.10.3 and Insurance (BFSI)
13.10.4 Retail
13.10.5 IT and Telecommunication
13.10.6 Healthcare
13.10.7 Transportation and Logistics
13.10.8 Manufacturing
13.10.9 Government and Defense
13.10.10 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Telecom Expense Management Software Market: Competitive Dashboard
14.2 Global Telecom Expense Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Calero Software
14.3.2 TeleManagement Technologies
14.3.3 HPCI Telecom Management
14.3.4 ESKADENIA Software
14.3.5 Calvi Business Software
14.3.6 SourceConnect
14.3.7 Global Solutions
14.3.8 RadiusPoint
14.3.9 BKAIZEN
14.3.10 Cass Information Systems
14.3.11 SAASWEDO
14.3.12 SpikeFli Analytics
14.3.13 Metropolis Technologies