Global Telecom Expense Management Market to Gain Immensely from Adoption of BYOD Culture

Albany, New York, March 10, 2016: The ability of telecom expense management (TEM) to pack several solutions in one offering has aroused the interest of organizations worldwide, leading to positive growth prospects for the global telecom expense management market worldwide. According to a Transparency Market Research report, titled ‘Telecom Expense Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014–2020,’ the demand for TEM will grow significantly on account of the proliferating bring your own device (BYOD) culture.
 
TEM affords enterprises the ability to keep a watch on telecom network spends across all elements that compose the same. These include cell phones, laptops, servers, wiring panels, and so on. Telecom expense management solutions also enable organizations to predict future costs and thereby make budgetary provisions for such expenses. The overall optimization that telecom expense management lends to modern-day, IT-driven organizations is a high-impact driver for the global TEM market.

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The TMR report splits the global telecom expense management market into smaller segments based on solutions, service delivery models, end users, verticals, and geography. By solution type, the market is segmented into usage management, reporting and business management, sourcing management, invoice and contract management, ordering and provisioning management, dispute management, and inventory management. Likewise, basis service delivery mode, the market for TEM is split into managed services delivery mode, complete outsourcing delivery mode, hosted services, and licensed software.
 
The market is also divided into smaller segments by using end users as a criterion. The segments thus created are: Small and medium businesses (SMBs) and large business organizations. Similarly, basis verticals, the TEM market for healthcare, manufacturing, BFSI (Banking Financial Services and Insurance), retail, transportation and logistics, automotive, and media and entertainment has been studied. The regional markets included in these study are: Asia Pacific, Europe, North America, and Rest of the World (RoW).
 
An upswing in the adoption of the BYOD culture has also drawn attention to issues pertaining to data security, access rights, effective inventory tracking and management, and data usage plans. Almost all of these aspects can be addressed with the deployment of telecom expense management solutions. At a time when organizations are striving to keep their spends in check, an investment in telecom expense management is being seen by many as a prudent decision.
 
The positive forces acting on this market, however, will be diluted by interoperability troubles, which can only be resolved when vendors band together to create homogenous standards and platforms. Interoperability with ERPs and HR management systems, especially, is the need of the hour.
 
Profiles of the following companies have been included in the present report: Dimension Data Holdings, Vodafone Global Enterprise Limited, Computer Sciences Corporation, Econom Group, Accenture Plc., and International Business Machines (IBM) Corporation.