The Europe Telecom Expense Management Market would witness market growth of 10.3% CAGR during the forecast period (2022-2028).
A TEM service provider often gathers the data required to create and verify an inventory of your telecom gear and services. Then, they conduct a forensic audit to find billing problems and retrieve the money you're due. They verify that services are being invoiced following contracts, service orders, and tariffs as part of the audit.
One challenging endeavor that firms take on is building their management teams from scratch. Undoubtedly, this strategy has its long-term advantages, but it may take time to implement. Telecom solutions, however, get around this as they don't call for training. In addition, they don't have to wait for the on-site employees to create future savings strategies; they may go to work on solutions right now.
Lastly, since a third party provides telecom solutions, personnel limitations do not apply. Telecom solutions will be available around the clock and work round-the-clock to bring expenses under control. This accessibility might save a company since time is essential, and a firm may require responses soon, if not immediately. Even if the situation isn't so urgent, it's still a tremendous advantage to have an attentive outside staff helping your company manage expenditures.
Factors like strong economic conditions, a rise in the number of SMEs and large enterprises, and the growing importance of telecom cloud services are among the key factors augmenting the adoption of telecom cloud services in Europe. Established operators must develop their telco cloud to interoperate with legacy network environments, whereas greenfield operators can build a wholly cloud-native environment from the bottom up. Legacy and cloud-native networks must coexist for some time to allow operators to transition network functions, services, and apps most efficiently and cost-effectively. Thus, the market for telecom expense management is predicted to flourish in the region with the expanding number of companies adopting advanced telecom services.
The Germany market dominated the Europe Telecom Expense Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $349.9 million by 2028. The UK market is anticipated to grow at a CAGR of 9.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 11.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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).
A TEM service provider often gathers the data required to create and verify an inventory of your telecom gear and services. Then, they conduct a forensic audit to find billing problems and retrieve the money you're due. They verify that services are being invoiced following contracts, service orders, and tariffs as part of the audit.
One challenging endeavor that firms take on is building their management teams from scratch. Undoubtedly, this strategy has its long-term advantages, but it may take time to implement. Telecom solutions, however, get around this as they don't call for training. In addition, they don't have to wait for the on-site employees to create future savings strategies; they may go to work on solutions right now.
Lastly, since a third party provides telecom solutions, personnel limitations do not apply. Telecom solutions will be available around the clock and work round-the-clock to bring expenses under control. This accessibility might save a company since time is essential, and a firm may require responses soon, if not immediately. Even if the situation isn't so urgent, it's still a tremendous advantage to have an attentive outside staff helping your company manage expenditures.
Factors like strong economic conditions, a rise in the number of SMEs and large enterprises, and the growing importance of telecom cloud services are among the key factors augmenting the adoption of telecom cloud services in Europe. Established operators must develop their telco cloud to interoperate with legacy network environments, whereas greenfield operators can build a wholly cloud-native environment from the bottom up. Legacy and cloud-native networks must coexist for some time to allow operators to transition network functions, services, and apps most efficiently and cost-effectively. Thus, the market for telecom expense management is predicted to flourish in the region with the expanding number of companies adopting advanced telecom services.
The Germany market dominated the Europe Telecom Expense Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $349.9 million by 2028. The UK market is anticipated to grow at a CAGR of 9.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 11.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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).
Scope of the Study
Market Segments Covered in the Report:
By End-use
- Telecom & IT
- BFSI
- Consumer Goods & Retail
- Manufacturing & Automotive
- Healthcare & Life Sciences
- Others
By Organization Size
- Large Enterprises
- SMEs
By Deployment type
- On-premise
- Cloud
By Component
- Solution
- Invoice Management
- Ordering & Provisioning Management
- Usage Management
- Sourcing Management
- Dispute Management & Others
- Service
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Accenture PLC
- NTT Data Corporation
- CGI, Inc
- Vodafone Group Plc
- Calero-MDSL Ltd
- Sakon, Inc
- Avotus Corporation
- Brightfin (Periscope Equity LLC)
- Tangoe, Inc
- Valicom (EXA Capital, LLC)
Unique Offerings
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- The highest number of market tables and figures
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Telecom Expense Management Market, by End-use
1.4.2 Europe Telecom Expense Management Market, by Organization Size
1.4.3 Europe Telecom Expense Management Market, by Deployment type
1.4.4 Europe Telecom Expense Management Market, by Component
1.4.5 Europe Telecom Expense Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Telecom Expenses Management Market
Chapter 4. Europe Telecom Expense Management Market by End-use
4.1 Europe Telecom & IT Market by Country
4.2 Europe BFSI Market by Country
4.3 Europe Consumer Goods & Retail Market by Country
4.4 Europe Manufacturing & Automotive Market by Country
4.5 Europe Healthcare & Life Sciences Market by Country
4.6 Europe Other End-use Market by Country
Chapter 5. Europe Telecom Expense Management Market by Organization Size
5.1 Europe Large Enterprises Market by Country
5.2 Europe SMEs Market by Country
Chapter 6. Europe Telecom Expense Management Market by Deployment Type
6.1 Europe On-premise Market by Country
6.2 Europe Cloud Market by Country
Chapter 7. Europe Telecom Expense Management Market by Component
7.1 Europe Solution Market by Country
7.2 Europe Telecom Expense Management Market by Solution Type
7.2.1 Europe Invoice Management Market by Country
7.2.2 Europe Ordering & Provisioning Management Market by Country
7.2.3 Europe Usage Management Market by Country
7.2.4 Europe Sourcing Management Market by Country
7.2.5 Europe Dispute Management & Others Market by Country
7.3 Europe Service Market by Country
Chapter 8. Europe Telecom Expense Management Market by Country
8.1 Germany Telecom Expense Management Market
8.1.1 Germany Telecom Expense Management Market by End-use
8.1.2 Germany Telecom Expense Management Market by Organization Size
8.1.3 Germany Telecom Expense Management Market by Deployment Type
8.1.4 Germany Telecom Expense Management Market by Component
8.1.4.1 Germany Telecom Expense Management Market by Solution Type
8.2 UK Telecom Expense Management Market
8.2.1 UK Telecom Expense Management Market by End-use
8.2.2 UK Telecom Expense Management Market by Organization Size
8.2.3 UK Telecom Expense Management Market by Deployment Type
8.2.4 UK Telecom Expense Management Market by Component
8.2.4.1 UK Telecom Expense Management Market by Solution Type
8.3 France Telecom Expense Management Market
8.3.1 France Telecom Expense Management Market by End-use
8.3.2 France Telecom Expense Management Market by Organization Size
8.3.3 France Telecom Expense Management Market by Deployment Type
8.3.4 France Telecom Expense Management Market by Component
8.3.4.1 France Telecom Expense Management Market by Solution Type
8.4 Russia Telecom Expense Management Market
8.4.1 Russia Telecom Expense Management Market by End-use
8.4.2 Russia Telecom Expense Management Market by Organization Size
8.4.3 Russia Telecom Expense Management Market by Deployment Type
8.4.4 Russia Telecom Expense Management Market by Component
8.4.4.1 Russia Telecom Expense Management Market by Solution Type
8.5 Spain Telecom Expense Management Market
8.5.1 Spain Telecom Expense Management Market by End-use
8.5.2 Spain Telecom Expense Management Market by Organization Size
8.5.3 Spain Telecom Expense Management Market by Deployment Type
8.5.4 Spain Telecom Expense Management Market by Component
8.5.4.1 Spain Telecom Expense Management Market by Solution Type
8.6 Italy Telecom Expense Management Market
8.6.1 Italy Telecom Expense Management Market by End-use
8.6.2 Italy Telecom Expense Management Market by Organization Size
8.6.3 Italy Telecom Expense Management Market by Deployment Type
8.6.4 Italy Telecom Expense Management Market by Component
8.6.4.1 Italy Telecom Expense Management Market by Solution Type
8.7 Rest of Europe Telecom Expense Management Market
8.7.1 Rest of Europe Telecom Expense Management Market by End-use
8.7.2 Rest of Europe Telecom Expense Management Market by Organization Size
8.7.3 Rest of Europe Telecom Expense Management Market by Deployment Type
8.7.4 Rest of Europe Telecom Expense Management Market by Component
8.7.4.1 Rest of Europe Telecom Expense Management Market by Solution Type
Chapter 9. Company Profiles
9.1 Accenture PLC
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 NTT Data Corporation
9.2.1 Company overview
9.2.2 Financial Analysis
9.2.3 Segmental Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 CGI, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 Research & Development Expense
9.3.5 SWOT Analysis
9.4 Vodafone Group Plc
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Partnerships, Collaborations, and Agreements:
9.5 Calero-MDSL Ltd. (Riverside Partners)
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Product Launches and Product Expansions:
9.5.2.2 Acquisition and Mergers:
9.6 Sakon, Inc.
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Partnerships, Collaborations, and Agreements:
9.7 Avotus Corporation
9.7.1 Company Overview
9.8 Brightfin (Periscope Equity LLC)
9.8.1 Company Overview
9.9 Tangoe, Inc.
9.9.1 Company Overview
9.10. Valicom (EXA Capital, LLC)
9.10.1 Company Overview
Companies Mentioned
- Accenture PLC
- NTT Data Corporation
- CGI, Inc.
- Vodafone Group Plc
- Calero-MDSL Ltd
- Sakon, Inc.
- Avotus Corporation
- Brightfin (Periscope Equity LLC)
- Tangoe, Inc.
- Valicom (EXA Capital, LLC)
Methodology
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