Where Telecom Expense Management Market Is Headed in the Next Five Years

Telecom expense management is a solution whereby business organizations can effectively manage their telecom networks. Such a solution encompasses people, technologies and processes that are needed to govern the network. With the help of telecom expense management, it is possible to maintain an accurate inventory of all the network elements in an organization including server, wiring panels, laptops, cell phones and others. Also, using telecom expense management solutions it is possible to estimate future network costs by building the telecom budget in advance. Another advantage of the telecom expense management is that it enables indentifying the issues in the security infrastructure, thereby optimizing the existing network infrastructure.

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The telecom expense management is segmented on the basis of solutions into usage management, sourcing management, reporting and business management, ordering and provisioning management, invoice and contract management, inventory management and dispute management among others. On the basis of service delivery modes, the telecom expense management is segmented into complete outsourcing delivery mode, managed services delivery mode, licensed software and hosted services. The telecom expense management market is segmented on the basis of end-users into SMBs (Small and Medium Businesses) and Large Business organizations. On the basis of verticals, the telecom expense management market is segmented into manufacturing, healthcare, retail, BFSI (Banking Financial Services and Insurance), automotive, transportation and logistics, and media and entertainment among others. The telecom expense management market is segmented on the basis of regions into North America, Asia-Pacific, Europe and Rest of the World (RoW).

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