Global Telecom Expense Management Market: Asia Pacific and MEA to Present Most Promising Growth Opportunities

The vendor landscape of the global telecom expense management (TEM) market boasts a highly fragmented nature and has a large share in business held by individual TEM vendors, which operate through multiple delivery channels, across key domestic and regional markets, observes a recent report by Transparency Market Research. The market is witnessing a notable shift from licensed software products to cloud-based services owing to cost and flexibility benefits of the latter. TEM process outsourcing has started gaining increased demand from organizations that prefer to utilize internal resources to strengthen their core business processes.

Focus on expansion across regional markets such as Asia Pacific and Middle East and Africa has significantly increased owing to the thriving enterprise sector and globalization of native companies. For companies to reinstate their command on the highly promising marketplace, focus on development of products capable of complying with the diverse requirements of the highly complex and rapidly expanding organizational telecom expenses will prove to be beneficial, suggests the report.

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http://www.transparencymarketresearch.com/telecom-expense-management-market.html

In terms of mode of delivery, the segment of cloud services held the dominant share of nearly 45% of the overall market in 2015. Although the segment will continue to account for a massive share in the global market throughout the forecast period, rising preference to complete outsourcing will lead to a massive negative impact on the rate of adoption of cloud-based services.

From a geographical perspective, the market in North America presently leads in terms of contribution of revenue to the global TEM market and is expected to continue to hold a massive share in the global market revenue over the forecast period as well. Nevertheless, the high level of maturity of the regional market is projected to be translated in stagnant growth opportunities. Regional markets such as Asia Pacific and Middle East and Africa are expected to emerge as the regions with the most promising growth opportunities over the forecast period.

This 116 page report gives readers a comprehensive overview of the Telecom Expense Management Market. Browse through Table.

Over the past few years, factors such as the rising level of integration of mobile devices in enterprise networks and vast developments in corporate telecom infrastructure have rendered telecom networks of large-, medium-, and small-scale enterprises intensely complex and difficult for manual monitoring. As enterprises continue to adopt advanced communications channels to connect with employees, customers, and clients, the need for effective telecom expense management solutions will continue to be high.

Stringent government regulations, compelling enterprises to incorporate reliable record-keeping and monitoring solutions as a way to preserve clarity in operations, such as the Sarbanes-Oxley Act of 2002 in the U.S., also continue to reinstate the important of effective TEM solutions. Furthermore, as companies expand their geographical presence, they are also required to hire different telecommunication carriers according to regional trends and carrier influence across geographies.

This leads to a vast rise in invoices from the different carriers, which could also differ in billing formats. Enterprises are increasingly understanding that managing the task of paying telecom companies in accordance to only the services availed is better managed with an effective TEM solution than manual procedures, driving the TEM market.

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For the study, the market has been segmented as follows:

By Application

Financial Management
Order Management
Business Intelligence
Inventory Management
Contract Management
Dispute Management
Others

By Mode of Delivery

Managed Services
Complete Outsourcing
Cloud Services

By End-use Adoption

Banking, Financial Services, and Insurance (BFSI)
Retail
IT and Telecommunication
Healthcare
Transportation and Logistics
Manufacturing
Government and Defense
Others

By Geography

North America
Europe
Latin America
Asia Pacific
Middle East and Africa

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