A report on the Global Telecom Expense Management (TEM) Market has been published by Contrive Datum Insights. The report provides clients with the latest trending insights into the Telecom Expense Management (TEM) market. It can be seen that the report includes market value and growth rate, size, production consumption and gross margin, pricing and other influencing factors. Along with this, in the report, you will get detailed information about every distributor, supplier, and retailer in the market. The competitive scenarios of all industry players are mentioned in detail in the report. The pandemic has caused market participants to strategically change their business plans.
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A solution that provides a central database where, enterprises can easily manage telecom services as well as assets, is termed as telecom expense management. Furthermore, the business practice also helps them validate vendor invoices and control their spending. Besides this, advantage of an outsourced telecom expense management solution helps business owners streamline their operations. Moreover, TEM (or telecom expense management) further aids a company in financial planning.
There are several drivers, restraints and opportunities influencing the growth of the telecom expense management (TEM) worldwide. Growing adoption of devices mobile devices that are fast gaining visibility over expenditures and need for such visibility are playing an important role in keeping the future of the market bright. However, lower interoperability as well as recent incidents of poor performance in compatibility associated with the solutions from different vendors has limited the growth of the market. Affordable deployment cost and rising need for cost efficient solutions would create greater opportunities for telecom expense management (TEM) in years to come.
The report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as NCR, Dibold, Fijitsu, Crane, GRG Banking. Geographically, this market has been segmented into regions such as North America, Latin America, Europe, Asia Pacific and Rest of the World. The study details country-level aspects based on each segment and gives estimates in terms of market size.
Asia Pacific region is likely to have considerable market development during the forecast period, due to a rising number of mobile users, the rising popularity of bring your own device (BYOD) regulations, expanding population, and thriving IT and communications industries. The need for effective telecom expenditure management products and services will be fueled by the existence of a large number of IT firms, the rising popularity of BYOD and CYOD related rules, and the enhancement of IT and telecom infrastructures.
Furthermore, continuing cooperation amongst the region’s major businesses are expected to boost demand for these solutions. For example, China Unicom, one of the are in the a’s top mobile network service providers by number of users, and Alibaba Group Holding have announced a collaboration in the sector of networking services, which is likely to boost growth of the telecom expense management (TEM) market in the region.
Telecom Expense Management (TEM) Market Segmentation:
By Type:
- Invoice and contract management
- Ordering and provisioning management
- Reporting and business management
- Sourcing management
- Usage management
- Other
By Applications:
- Automotive
- Banking
- Financial Services
- and Insurance (BFSI)
- Consumer goods and retail
- Healthcare
- Manufacturing
- Media and entertainment
- Transportation and logistics
- Other
Frequently Asked Questions (FAQ):
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Related Sources:
- https://www.digitaljournal.com/pr/global-k-12-arts-and-crafts-material-market-is-expected-to-grow-at-a-cagr-of-2-64-during-forecast-period
- https://www.openpr.com/news/2864324/carbonated-soft-drinks-csds-market-growing-demand-trends
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