The Asia Pacific Telecom Expense Management Market would witness market growth of 11.3% CAGR during the forecast period (2022-2028).
One's communications-related IT services and telecom inventory becomes more visible thanks to TEM. A telecom expense management company will continuously audit your telecom environment and find cost-saving and optimization potential across billing records, contracts, tariffs, and inventory. They may then give you advice or physically adjust your surroundings for you.
Unnecessary telecom costs, billing problems, and overspending on services significantly impact the bottom line of almost every business. Leading independent research companies continually rank telecom as one of the most challenging industries for finance and IT teams to manage, frequently resulting in enormous overspending.
Due to an increase in mobile users, the prevalence of bring your device (BYOD) laws, population growth, and growing IT and communications sectors, the Asia Pacific region is predicted to have significant market growth throughout the projection period. In addition, the presence of a substantial number of IT enterprises, the expanding popularity of BYOD and CYOD-related laws, and the improvement of IT and telecom infrastructures will all contribute to the demand for efficient telecom expense management products and services. The telecom industry has seen a significant transition due to the broad adoption of hybrid IT API design, with the bulk of businesses moving their mission-critical infrastructure to cloud platforms. This supports the growth of the regional market.
The China market dominated the Asia Pacific Telecom Expense Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $453.9 million by 2028. The Japan market is estimated to grow a CAGR of 10.6% during (2022 - 2028). Additionally, The India market would experience a CAGR of 12% during (2022 - 2028).
Based on End-use, the market is segmented into Telecom & IT, BFSI, Consumer Goods & Retail, Manufacturing & Automotive, Healthcare & Life Sciences, and Others. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Deployment type, the market is segmented into On-premise and Cloud. Based on Component, the market is segmented into Solution (Invoice Management, Ordering & Provisioning Management, Usage Management, Sourcing Management, and Dispute Management & Others) and Service. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Telecom Expense Management Market is Projected to reach USD 5.3 Billion by 2028, at a CAGR of 10.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, NTT Data Corporation, CGI, Inc., Vodafone Group Plc, Calero-MDSL Ltd, Sakon, Inc., Avotus Corporation, Brightfin (Periscope Equity LLC), Tangoe, Inc., and Valicom (EXA Capital, LLC).
By End-use
By Organization Size
By Deployment type
By Component
By Country
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