North America Telecom Expense Management Market Growth, Size, Trends and Future Outlook
North America Telecom Expense Management Market Size- By Component, By Deployment Type, By Organization Size, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2024 | Report ID: IACT2498 | Pages: 1 - 153 | Formats*: |
| Category : Information & Communications Technology | |||
North America Telecom Expense Management Market Introduction and Overview
According to SPER Market Research, the North America Telecom Expense Management Market is estimated to reach USD 1,021.40 million by 2033 with a CAGR of 5.35%.
The report includes an in-depth analysis of the North America Telecom Expense Management Market, including market size and trends, product mix, Applications, and supplier analysis. Telecom Expense Management (TEM) is a method of using a combination of software tools and human auditing to manage all telecommunication service expenses, including phone, data, and wireless. Its primary objective is to control costs and optimize process efficiency while overseeing all of these services and associated procedures. For a small company, it can be as simple as glancing over your phone account every month to make sure you are not overcharged for services you do not want. It is a more structured initiative to optimize telecom service spending for larger businesses. Though getting refunds for billing problems and bill auditing receive the majority of emphasis, a strong TEM program can accomplish more.
- Calero-MDSL, a US-based corporation, announced in April 2021 the acquisition of MetaPort, a major telecom network mapping software provider. With this acquisition, the company will be able to give CIO and CTO enterprises with a unique inventory visualization, giving them a new degree of access into their telecom estates. As a result, the company will be able to increase its presence in the technology expenditure management software market.
- WidePoint Corporation, a U.S.-based corporation, said in July 2020 that it has acquired a new contract with the Virginia Alcoholic Beverage Control Authority (Virginia ABC) to provide Telecom Expense Management services. The contract is for one year, with four subsequent one-year renewal periods. Thus, the company will assist Virginia ABC in meeting the challenges of the pandemic by managing the companies' telecom bills.
Market Opportunities and Challenges
Opportunities: Businesses are adopting Telecom Expense Management (TEM) solutions to streamline and effectively manage their telecom expenditures due to the increasing complexity of telecom bills, which include voice, data, and mobility. TEM solutions are being more widely used in a variety of industrial verticals because they help firms minimize costs, improve visibility, and gain control over telecom spending. Furthermore, businesses are having trouble controlling and optimizing their communication costs due to the rising use of telecom services and the complexity of billing systems. TEM systems offer comprehensive analytics and insights that assist companies in finding ways to cut costs, negotiating better terms with suppliers, and cutting back on wasteful spending. Additionally, Telecom expense management solutions allow enterprises to gain complete visibility and control over their telecom inventory, expenditures, and usage patterns. This helps organizations identify inefficient telecom resources, reduce telecom fraud, and ensure compliance with regulatory requirements.
Challenges: Despite all of the advantages that TEM systems provide, small and medium-sized businesses (SMEs) may not be aware of all of them, which could impede market expansion. Furthermore, especially for SMEs or businesses with tight budgets, the implementation and maintenance expenses of TEM solutions can be high. This might prevent TEM solutions from being adopted, particularly in underdeveloped nations. Furthermore, it can be challenging and time-consuming to integrate TEM solutions with current enterprise systems, such as CRM and enterprise resource planning (ERP) programs. For companies thinking about implementing TEM solutions, this could provide difficulties.
Market Competitive Landscape
There are a number of significant players in the competitive and fragmented Telecom Expense Management market. Accenture PLC, NTT Data Corporation, CGI, Inc, Vodafone Group Plc, Calero-MDSL Ltd, Sakon, Inc, Avotus Corporation, Brightfin (Periscope Equity LLC), Tangoe, Inc, and Valicom (EXA Capital, LLC) are a few of the major companies operating in the market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Component, By Deployment Type, By Organization Size, By End User |
| Regions covered | US, Canada, Mexico, Rest of North America |
| Companies Covered | Accenture PLC, NTT Data Corporation, CGI, Inc, Vodafone Group Plc, Calero-MDSL Ltd, Sakon, Inc, Avotus Corporation, Brightfin (Periscope Equity LLC), Tangoe, Inc, Valicom (EXA Capital, LLC). |
COVID-19 Impact on North America Telecom Expense Management Market
Due to the epidemic, more companies are switching from traditional workplace practices to work-from-home arrangements, which is driving up demand for remote working solutions. Network security breaches become more likely when more unprotected personal devices get access to the company's network. This implies that any changes need to be carefully considered in light of the cybersecurity safeguards put in place by the business.
Key Target Audience:
- Consulting Firms and Managed Service Providers (MSPs)
- Financial Controllers and CFOs
- Government and Public Sector Organizations
- IT and Telecom Managers
- Large Enterprises and Corporations
- Small and Medium-sized Enterprises (SMEs)
- Telecom Service Providers
Our in-depth analysis of the North America Telecom Expense Management Market includes the following segments:
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Key Topics Covered in the Report:
- North America Telecom Expense Management Market Size (FY’2024-FY’2033)
- Overview of North America Telecom Expense Management Market
- Segmentation of North America Telecom Expense Management Market By Component (Solution, Services)
- Segmentation of North America Telecom Expense Management Market By Deployment Type (On-premises, Cloud)
- Segmentation of North America Telecom Expense Management Market By Organization Size (Large Enterprises, SMEs)
- Segmentation of North America Telecom Expense Management Market By End User (Telecom & IT, BFSI, Consumer Goods & Retail, Manufacturing & Automotive, Healthcare & Life Sciences)
- Statistical Snap of North America Telecom Expense Management Market
- Expansion Analysis of North America Telecom Expense Management Market
- Problems and Obstacles in North America Telecom Expense Management Market
- Competitive Landscape in the North America Telecom Expense Management Market
- Impact of COVID-19 and Demonetization on North America Telecom Expense Management Market
- Details on Current Investment in North America Telecom Expense Management Market
- Competitive Analysis of North America Telecom Expense Management Market
- Prominent Players in the North America Telecom Expense Management Market
- SWOT Analysis of North America Telecom Expense Management Market
- North America Telecom Expense Management Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the North America Telecom Expense Management Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Telecom Expense Management Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Telecom Expense Management Market
7. North America Telecom Expense Management Market, By Component (USD Million) 2020-2033
7.1. North America Telecom Expense Management Market Size, Share and Forecast, By Component, 2020-20267.2. North America Telecom Expense Management Market Size, Share and Forecast, By Component, 2027-20337.3. Solution7.3.1. Invoice Management7.3.2. Ordering & Provisioning Management7.3.3. Usage Management7.3.4. Sourcing Management7.3.5. Dispute Management & Others7.4. Services
8. North America Telecom Expense Management Market, By Deployment Type (USD Million) 2020-2033
8.1. North America Telecom Expense Management Market Size, Share and Forecast, By Deployment Type, 2020-20268.2. North America Telecom Expense Management Market Size, Share and Forecast, By Deployment Type, 2027-20338.3. On-premise8.4. Cloud
9. North America Telecom Expense Management Market, By Organization Size (USD Million) 2020-2033
9.1. North America Telecom Expense Management Market Size, Share and Forecast, By Organization Size, 2020-20269.2. North America Telecom Expense Management Market Size, Share and Forecast, By Organization Size, 2027-20339.3. Large Enterprises9.4. SMEs
10. North America Telecom Expense Management Market, By End User (USD Million) 2020-2033
10.1. North America Telecom Expense Management Market Size, Share and Forecast, By End User, 2020-202610.2. North America Telecom Expense Management Market Size, Share and Forecast, By End User, 2027-203310.3. Telecom & IT10.4. BFSI10.5. Consumer Goods & Retail10.6. Manufacturing & Automotive10.7. Healthcare & Life Sciences10.8. Others
11. North America Telecom Expense Management Market Forecast, 2020-2033 (USD Million)
11.1. North America Telecom Expense Management Market Size and Market Share
12. North America Telecom Expense Management Market, By Region, 2020-2033 (USD Million)
12.1. North America Telecom Expense Management Market Size and Market Share By Region (2020-2026)12.2. North America Telecom Expense Management Market Size and Market Share By Region (2027-2033)12.3. US12.4. Canada12.5. Mexico12.6. Rest of North America
13. Company Profile
13.1. Accenture PLC13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. NTT Data Corporation13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. CGI, Inc.13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Vodafone Group Plc13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Calero-MDSL Ltd13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Sakon, Inc.13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Avotus Corporation13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Brightfin (Periscope Equity LLC)13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Tangoe, Inc.13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. Valicom (EXA Capital, LLC)13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. Others
14. Conclusion
15. List of Abbreviation
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
North America Telecom Expense Management Market is projected to reach USD 1,021.40 million by 2033, growing at a CAGR of 5.35% during the forecast period.
North America Telecom Expense Management Market size from 2022. The Market is expected to reach USD 1,021.40 million by 2033, at a CAGR of 5.35% during the forecast period.
North America Telecom Expense Management Market CAGR of 5.35% during the forecast period.
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North America Telecom Expense Management Market size is 1,021.40 million from 2024 to 2033.
North America Telecom Expense Management Market Segment is covered By Component, By Deployment Type, By Organization Size, By End User.
The North America anticipated to have the highest market share in the North America Telecom Expense Management Market.
"The key players in the market include Companies Covered Accenture PLC, NTT Data Corporation, CGI, Inc, Vodafone Group Plc, Calero-MDSL Ltd, Sakon, Inc, Avotus Corporation, Brightfin (Periscope Equity LLC), Tangoe, Inc, Valicom (EXA Capital, LLC).
"
It is a more structured initiative to optimize telecom service spending for larger businesses. Though getting refunds for billing problems and bill auditing receive the majority of emphasis,
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