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(Wireless-NewsWire.Com, March 22, 2018 ) Global Telecom Expense Management Market and Regional Market Size, Status and Forecast to 2025
Telecom Expense Management (TME) is defined as the management of wireless and wire line service and asset expenses. TEM is the build-out of services, or the acquisition of third-party services, to manage the supply chain for telecommunications. TEM provides several benefits to the industry that include saves money, saves time, and accurately manages a telecom inventory.
Competitive Landscape:
The major players in the market are as follows:
1. Accenture
2. Valicom
3. Vodafone Global Enterprise
4. IBM Corporation
5. Dimension Data
6. CGI
7. Anatole
8. CSC
9. Econocom
10. MDSL
11. Tangoe
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Over the past few years, factors such as the rising level of integration of mobile devices in enterprise networks and vast developments in corporate telecom infrastructure have rendered telecom networks of large-, medium-, and small-scale enterprises intensely complex and difficult for manual monitoring. As enterprises continue to adopt advanced communications channels to connect with employees, customers, and clients, the need for effective telecom expense management solutions will continue to be high.
Stringent government regulations, compelling enterprises to incorporate reliable record-keeping and monitoring solutions as a way to preserve clarity in operations, such as the Sarbanes-Oxley Act of 2002 in the U.S., also continue to reinstate the important of effective TEM solutions. Furthermore, as companies expand their geographical presence, they are also required to hire different telecommunication carriers according to regional trends and carrier influence across geographies. This leads to a vast rise in invoices from the different carriers, which could also differ in billing formats. Enterprises increasingly understand that managing the task of paying telecom companies in accordance to only the services availed is better managed with an effective TEM solution than manual procedures, driving the TEM market.
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Market Dynamics:
1. Market Drivers
1.1 Reduction in the Implementation Costs
1.2 Adoption of Mobile Phones
2. Market Restraints
2.1 Growing Demand for Flexible Work Environment
2.2 Interoperability Issues
2.3 Lack of Industry Standards
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