Telecom Expense Management Market Interesting Growth Research Technology MRFR, Size, Share Industry Scenario Structure, Size and 2027 Future Opportunities
Market Synopsis:
As per the recent study
by Market Research Future Reports (MRFR), the Telecom
Expense Management Market
is anticipated to flourish at a CAGR of 18%
during the assessment period from 2017 to 2023. The amplified demand for mobile
applications is the most substantial element driving the global Telecom Expense
Management Market 2020. The ascending popularity and the fast adoption of
mobile devices is another essential factor leading to the growth of market.
Besides, the increasing adoption of cloud-based techniques is estimated to make
a significant contribution which prospers the market with handsome revenue
generation. Moreover, the increasing demand for portable equipment and the
evolution in telecom expense management is likely to augment the global market
size. In addition, there is a lofty scope of progress in developing countries,
which is estimated to grow the market size. Furthermore, the growing demand for
telecom expense management across several industries like retail, I.T. &
telecommunication, manufacturing, transport & logistics is additionally
prompting the market growth.
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Competitive
Outlook:
The notable players of
the global telecom expense management market are Econocom (Belgium), Avotus
Corporation (Canada), Accenture PLC (Ireland), Control Point Solutions (U.S.),
MBG (U.S.), Invoice Insights (U.S.), Profitline (U.S.), IBM (U.S.), Tangoe
(U.S.), Ezwim B.V, MDSL (The Netherlands), among others.
Segmentation:
The worldwide telecom
expense management market 2020 can be segmented on the basis of service,
solution, end-user, organization size, and region. On the grounds of service,
the global telecom expense management market can be classified into licensed
software, hosted, managed service, complete outsourcing, and cloud services. On
the grounds of the solution, the global telecom expense management market can
be classified into invoice and contract management, dispute management,
inventory management, procurement management, and others. On the grounds of
end-user, the global telecom expense management market can be classified into
automotive, I.T. & telecommunication, consumer goods and retail, transport,
and logistics, BFSI, and others. On the grounds of organization size, the
global telecom expense management market can be classified into large
enterprises and small & medium enterprises. On the grounds of the region,
the global telecom expense management market can be classified into North
America, Europe, Asia Pacific, and Rest of the World.
Regional
Analysis:
As per the regional
analysis by MRFR, the North American region is leading the global market. The
market is witnessing an expeditious growth due to the technological evolution
in the region. Also, the rising demand for mobile application development
platforms across various sectors in the region is further growing the market.
Among all, the U.S. is estimated to make the maximum contribution in developing
the regional market. On the other hand, the APAC region and the MEA is
estimated to exhibit the maximum growth during the forecast period. The most
significant reason for regional expansion is the increasing population.
Besides, there has been a rise in smartphone ownership in these regions, which
is propelling the market at a swift pace. Moreover, the increasing popularity
of Bring Your Own device (BYOD) has additionally augmented the market.
Furthermore, I.T. & telecommunication is booming in these regions, which is
an important factor driving the global market.
The outbreak of COVID-19
is likely to change the market dynamics of several regions. Several markets
have been influenced significantly due to the observation of nationwide
lockdown in various countries.
Industry News:
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Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market
Definition
2.2 Scope
of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets
Structure
3 Market
Research Methodology
3.1 Research
Process
3.2 Secondary
Research
3.3 Primary
Research
3.4 Forecast
Model
Continued….
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