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Telecom Expense Management Market Trends

Report ID: GMI6326
Published Date: Jul 2023
Report Format: PDF

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Telecom Expense Management Market Trends

TEM solutions help organizations identify cost-saving opportunities, eliminate billing errors, and negotiate better contracts with telecom providers, making them attractive for businesses looking to reduce expenses. Rising adoption of mobile devices worldwide will further drive lucrative revenue to the TEM industry through 2032. According to the latest facts and figures by the International Telecommunication Union, about three-quarters or 73% of the population aged 10 and over globally owned a mobile phone in 2022. The proliferation of smartphones, tablets, and other mobile devices in enterprises necessitates better management of mobile expenses, contributing to the demand for TEM solutions.

Authors: Preeti Wadhwani, Anish Pathak

Frequently Asked Questions (FAQ) :

The market size of telecom expense management reached USD 2.8 billion in 2022 and is poised to expand at over 9% CAGR from 2023 to 2032, driven by stringent regulatory compliance and governance across the telecom sector.

The hosted services segment accounted for 62.1% of the market share in 2022, owing to the higher need for advanced analytics and real-time reporting.

North America held more than 30% share of the global telecom expense management market in 2022 and is estimated to be worth more than USD 2 billion by 2032, attributed to the escalating demand for cost-effective and efficient telecom management solutions.

Some of the top telecom expense management companies are Calero-MDSL, Econocom, CGI, Avotus Corporation, Accenture, MDSL, Anatole, Valicom, Dimension Data, Sakon Inc., Tangoe, Inc., WidePoint Solutions Corporation.