Telecom Expense Management (TEM) Services Statistics 2024 – Everything You Need to Know

Steve Bennett
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Are you looking to add Telecom Expense Management (TEM) Services to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Telecom Expense Management (TEM) Services statistics of 2024.

My team and I scanned the entire web and collected all the most useful Telecom Expense Management (TEM) Services stats on this page. You don’t need to check any other resource on the web for any Telecom Expense Management (TEM) Services statistics. All are here only ๐Ÿ™‚

How much of an impact will Telecom Expense Management (TEM) Services have on your day-to-day? or the day-to-day of your business? Should you invest in Telecom Expense Management (TEM) Services? We will answer all your Telecom Expense Management (TEM) Services related questions here.

Please read the page carefully and don’t miss any word. ๐Ÿ™‚

Best Telecom Expense Management (TEM) Services Statistics

โ˜ฐ Use “CTRL+F” to quickly find statistics. There are total 46 Telecom Expense Management (TEM) Services Statistics on this page ๐Ÿ™‚

Telecom Expense Management (TEM) Services Market Statistics

  • Amid the COVID 19 crisis, the global market for Telecom Expense Management estimated at US$2.8 Billion in the year 2020, is projected to reach a revised size of US$5.2 Billion by 2026, growing at a CAGR of 10.4% over the analysis period. [0]
  • This segment currently accounts for a 33.6% share of the global Telecom Expense Management market. [0]
  • The Telecom Expense Management market in the U.S. is estimated at US$1.4 Billion in the year 2021. [0]
  • The country currently accounts for a 44.2% share in the global market. [0]
  • China, the world’s second largest economy, is forecast to reach an estimated market size of US$402.9 Million in the year 2026 trailing a CAGR of 12.7% through the analysis period. [0]
  • Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.8% and 9.5% respectively over the analysis period. [0]
  • Within Europe, Germany is forecast to grow at approximately 10% CAGR while Rest of European market will reach US$451.1 Million by the end of the analysis period. [0]
  • Led by countries such as Australia, India, and South Korea, the market in Asia Pacific is forecast to reach US$170.2 Million by the year 2026, while Latin America will expand at a 11% CAGR through the analysis period. [0]
  • Itโ€™s predicted to undergo a CAGR of 13.5% from 2016 to 2024, hitting a market value of just under $5 billion. [1]
  • Amid the COVID 19 crisis, the global market for Telecom Expense Management estimated at US$2.8 Billion in the year 2020, is projected to reach a revised size of US$5.2 Billion by 2026, growing at a CAGR of 10.4% over the analysis period. [2]
  • This segment currently accounts for a 33.6% share of the global Telecom Expense Management market. [2]
  • The Telecom Expense Management market in the U.S. is estimated at US$1.4 Billion in the year 2021. [2]
  • The country currently accounts for a 44.2% share in the global market. [2]
  • China, the world`s second largest economy, is forecast to reach an estimated market size of US$402.9 Million in the year 2026 trailing a CAGR of 12.7% through the analysis period. [2]
  • Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.8% and 9.5% respectively over the analysis period. [2]
  • Within Europe, Germany is forecast to grow at approximately 10% CAGR while Rest of European market will reach US$451.1 Million by the end of the analysis period. [2]
  • Led by countries such as Australia, India, and South Korea, the market in Asia Pacific is forecast to reach US$170.2 Million by the year 2026, while Latin America will expand at a 11% CAGR through the analysis period. [2]
  • Data Bridge Market Research analyses that the market is growing with a CAGR of 4.1% in the forecast period of 2021 to 2028 and is expected to reach USD 1,946.74 million by 2028. [3]
  • The Telecom Expense Management market globally is expected to grow at a Compound Annual Growth Rate of 16.1% from 2014 to 2019. [4]

Telecom Expense Management (TEM) Services Software Statistics

  • Amalgam Insightsโ€™ IT Rule of 30 states that every unmanaged IT spend category averages a 30% opportunity to reduce costs, including those for telecom, mobility, cloud, and software. [5]

Telecom Expense Management (TEM) Services Latest Statistics

  • Cloud Services, one of the segments analyzed in the report, is projected to grow at a 8.8% CAGR to reach US$2 Billion by the end of the analysis period. [0]
  • After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Complete Outsourcing segment is readjusted to a revised 12.5% CAGR for the next 7. [0]
  • The U.S. Market is Estimated at $1.4 Billion in 2021, While China is Forecast to Reach $402.9 Million by 2026. [0]
  • In the global Managed Services segment, USA, Canada, Japan, China and Europe will drive the 9.7% CAGR estimated for this segment. [0]
  • Cloud Services, one of the segments analyzed in the report, is projected to grow at a 8.8% CAGR to reach US$2 Billion by the end of the analysis period. [2]
  • After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Complete Outsourcing segment is readjusted to a revised 12.5% CAGR for the next 7. [2]
  • In the global Managed Services segment, USA, Canada, Japan, China and Europe will drive the 9.7% CAGR estimated for this segment. [2]
  • The Global Market for Telecom Expense Management was estimated to be valued at $2.8 Billion in 2020. [2]
  • The growth rate of the Global Market for Telecom Expense Management is 10.9%, with an estimated value of $5.2 Billion by 2026. [2]
  • The Global Market for Telecom Expense Management is estimated to be worth $5.2 Billion by 2026. [2]
  • Telecom Expense Management โ€“ Global Key Competitors Percentage Market Share in 2024. [2]
  • World Economic Growth Projections (Real GDP, Annual % Change). [2]
  • Employees as a % of the Total Workforce in Select Countries for the Years 2019 and 2020. [2]
  • Percentage Breakdown of Employees by Nature of Work for 2009, 2017, & 2024 Rising Deployment of Telecom based Services across Enterprise Units Enhances Significance of TEM Solutions. [2]
  • Percentage Breakdown of Revenues by Mobile Internet Category (in %). [2]
  • Another carrier will take the same type of service, assign a higher charge to it, and then discount it as much as 90%. [6]
  • In other words, if 2% of your services are not receiving the discount, there is much more risk if the discount is 90% than if the discount is 20% of a less expensive service. [6]
  • Cost savings of 90% on the accounts payable side. [7]
  • Cost savings of 44% in the accounts. [7]
  • receivable departments Error reduction of 37% on all types of invoices. [7]
  • Global Telecom Expense Management Market is Growing with a CAGR of 4.1% in the Forecast Period of 2021 to 2028. [3]
  • Other unchecked, ITadjacent domains have, in general, room for savings of 10. [5]
  • Which explains our 98% retention rate. [5]
  • 80% of fortune 2000 companies rely on our research to identify new revenue sources. [4]
  • This represents a CAGR of 16.1% from 2014 to 2019. [4]
  • Telecom Expense Management Market Size, 2014 2019 , Market Growth, 2015 โ€“ 2019 . [4]

I know you want to use Telecom Expense Management (TEM) Services, thus we made this list of best Telecom Expense Management (TEM) Services. We also wrote about how to learn Telecom Expense Management (TEM) Services and how to install Telecom Expense Management (TEM) Services. Recently we wrote how to uninstall Telecom Expense Management (TEM) Services for newbie users. Donโ€™t forgot to check latest Telecom Expense Management (TEM) Servicesstatistics of 2024.

Reference


  1. prnewswire – https://www.prnewswire.com/news-releases/global-telecom-expense-management-market-to-reach-5-2-billion-by-2026–301309218.html.
  2. oncalltelecom – https://oncalltelecom.com/telecom-expense-management/.
  3. researchandmarkets – https://www.researchandmarkets.com/reports/4806181/telecom-expense-management-global-market.
  4. databridgemarketresearch – https://www.databridgemarketresearch.com/reports/global-telecom-expense-management-market.
  5. marketsandmarkets – https://www.marketsandmarkets.com/Market-Reports/telecom-expense-management-market-127764156.html.
  6. tellennium – https://tellennium.com/technology/.
  7. nojitter – https://www.nojitter.com/telecom-expense-management-developing-tem-strategy.
  8. valicomcorp – https://www.valicomcorp.com/.

How Useful is Telecom Expense Management Services

One of the key advantages of TEM services is their ability to streamline and automate the arduous task of telecom expense management. By centralizing the process, TEM services provide a single point of control for businesses, allowing them to efficiently manage their telecom expenses across different service providers. This not only saves organizations valuable time but also significantly reduces the chances of errors and discrepancies in managing their telecom bills.

Furthermore, TEM services offer enhanced visibility and transparency into telecom expenditures, allowing businesses to have a comprehensive overview of their expenses. With detailed reports and analysis, organizations can gain valuable insights into their usage patterns and identify areas where there may be potential cost savings. This level of visibility empowers businesses to make informed decisions regarding their telecom services, facilitating better planning and budgeting for communication expenses.

In addition to cost management, TEM services also play a vital role in optimizing telecom services. By analyzing usage data and identifying unused or underutilized services, TEM services help businesses identify opportunities to optimize their telecommunications infrastructure. This not only ensures better utilization of resources but can also lead to significant cost savings in the long run.

Moreover, TEM services assist businesses in monitoring and enforcing telecom policies and best practices. With the ability to set usage guidelines and monitor compliance, organizations can prevent misuse and abuse of telecom services among their employees. This proactive approach helps mitigate the risks associated with unauthorized usage or excessive spending and ensures that businesses maintain a more secure and efficient communication environment.

In today’s highly competitive and rapidly evolving market, businesses need to focus on their core operations and strategic goals rather than getting lost in the complexities of managing telecom expenses. TEM services offer a hassle-free solution by alleviating the burdens associated with telecommunication costs, allowing organizations to concentrate on what truly matters – their business growth and success.

However, it is worth noting that not all businesses may require the same level of TEM services. The usefulness of TEM services may vary depending on the nature of the organization, its size, and its communication requirements. SMEs, for example, may find considerable benefits in outsourcing their telecom expense management as it allows them to avail expert assistance without having to designate internal resources. Conversely, larger enterprises with dedicated telecom teams may find it more cost-effective to handle certain aspects of expense management in-house.

In conclusion, while the usefulness of TEM services may vary depending on various factors, their potential to streamline telecom expense management, optimize resources, enhance visibility, and enforce policies make them an indispensable resource for businesses today. By leveraging TEM services, organizations can alleviate the burden of managing telecom expenses, enabling them to concentrate on achieving their strategic objectives, ultimately leading to enhanced efficiency, cost savings, and a competitive edge in the market.

In Conclusion

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