The North America Telecom Expense Management Market would witness market growth of 10.2% CAGR during the forecast period (2022-2028).
Corporations often outsource the TEM procedure. This has several advantages, but the main one is that it frees the user to concentrate on parts of their company that may need more attention. Nobody likes to do the same things repeatedly, so an outsourcing partner may handle telecom management while the company concentrates its efforts elsewhere.
This may be particularly useful for teams needing more internal tools and expertise to manage their communications process successfully. Even while one may have to spend more upfront initially, by streamlining their duties and doing things more quickly, they may save money in the long term. Better help is available to individuals who outsource their TEM process than those who attempt to handle everything themselves.
Additionally, they can access various tools to help them with their communications work. A fantastic method to boost productivity and assist users in saving money on infrastructure and technology is to delegate the TEM process to someone else. At the same time, they concentrate on what they do best. Businesses get access to their provider's tools rather than buying everything themselves.
The established telecom sector in North America, which supports adopting new technologies, is mostly to blame for the market's revenue development. Because the nations have improved coverage, leading firms provide 5G services. Additionally, rising IoT and cloud service use and rising client spending on mobile services are all contributing factors to revenue development. Additionally, businesses throughout the US and Canada are utilizing hybrid telco cloud installations to include the most significant data analytics and artificial intelligence now available in the public cloud sector to meet and anticipate customers' demands more accurately. This supports the growth of the regional market.
The US market dominated the North America Telecom Expense Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,289.5 million by 2028. The Canada market is poised to grow at a CAGR of 12.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11.7% 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 U.S., Mexico, Canada, and Rest of North America.
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).
Corporations often outsource the TEM procedure. This has several advantages, but the main one is that it frees the user to concentrate on parts of their company that may need more attention. Nobody likes to do the same things repeatedly, so an outsourcing partner may handle telecom management while the company concentrates its efforts elsewhere.
This may be particularly useful for teams needing more internal tools and expertise to manage their communications process successfully. Even while one may have to spend more upfront initially, by streamlining their duties and doing things more quickly, they may save money in the long term. Better help is available to individuals who outsource their TEM process than those who attempt to handle everything themselves.
Additionally, they can access various tools to help them with their communications work. A fantastic method to boost productivity and assist users in saving money on infrastructure and technology is to delegate the TEM process to someone else. At the same time, they concentrate on what they do best. Businesses get access to their provider's tools rather than buying everything themselves.
The established telecom sector in North America, which supports adopting new technologies, is mostly to blame for the market's revenue development. Because the nations have improved coverage, leading firms provide 5G services. Additionally, rising IoT and cloud service use and rising client spending on mobile services are all contributing factors to revenue development. Additionally, businesses throughout the US and Canada are utilizing hybrid telco cloud installations to include the most significant data analytics and artificial intelligence now available in the public cloud sector to meet and anticipate customers' demands more accurately. This supports the growth of the regional market.
The US market dominated the North America Telecom Expense Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,289.5 million by 2028. The Canada market is poised to grow at a CAGR of 12.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11.7% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- 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 North America Telecom Expense Management Market, by End-use
1.4.2 North America Telecom Expense Management Market, by Organization Size
1.4.3 North America Telecom Expense Management Market, by Deployment type
1.4.4 North America Telecom Expense Management Market, by Component
1.4.5 North America 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. North America Telecom Expense Management Market by End-use
4.1 North America Telecom & IT Market by Country
4.2 North America BFSI Market by Country
4.3 North America Consumer Goods & Retail Market by Country
4.4 North America Manufacturing & Automotive Market by Country
4.5 North America Healthcare & Life Sciences Market by Country
4.6 North America Other End-use Market by Country
Chapter 5. North America Telecom Expense Management Market by Organization Size
5.1 North America Large Enterprises Market by Country
5.2 North America SMEs Market by Country
Chapter 6. North America Telecom Expense Management Market by Deployment Type
6.1 North America On-premise Market by Country
6.2 North America Cloud Market by Country
Chapter 7. North America Telecom Expense Management Market by Component
7.1 North America Solution Market by Country
7.2 North America Telecom Expense Management Market by Solution Type
7.2.1 North America Invoice Management Market by Country
7.2.2 North America Ordering & Provisioning Management Market by Country
7.2.3 North America Usage Management Market by Country
7.2.4 North America Sourcing Management Market by Country
7.2.5 North America Dispute Management & Others Market by Country
7.3 North America Service Market by Country
Chapter 8. North America Telecom Expense Management Market by Country
8.1 US Telecom Expense Management Market
8.1.1 US Telecom Expense Management Market by End-use
8.1.2 US Telecom Expense Management Market by Organization Size
8.1.3 US Telecom Expense Management Market by Deployment Type
8.1.4 US Telecom Expense Management Market by Component
8.1.4.1 US Telecom Expense Management Market by Solution Type
8.2 Canada Telecom Expense Management Market
8.2.1 Canada Telecom Expense Management Market by End-use
8.2.2 Canada Telecom Expense Management Market by Organization Size
8.2.3 Canada Telecom Expense Management Market by Deployment Type
8.2.4 Canada Telecom Expense Management Market by Component
8.2.4.1 Canada Telecom Expense Management Market by Solution Type
8.3 Mexico Telecom Expense Management Market
8.3.1 Mexico Telecom Expense Management Market by End-use
8.3.2 Mexico Telecom Expense Management Market by Organization Size
8.3.3 Mexico Telecom Expense Management Market by Deployment Type
8.3.4 Mexico Telecom Expense Management Market by Component
8.3.4.1 Mexico Telecom Expense Management Market by Solution Type
8.4 Rest of North America Telecom Expense Management Market
8.4.1 Rest of North America Telecom Expense Management Market by End-use
8.4.2 Rest of North America Telecom Expense Management Market by Organization Size
8.4.3 Rest of North America Telecom Expense Management Market by Deployment Type
8.4.4 Rest of North America Telecom Expense Management Market by Component
8.4.4.1 Rest of North America 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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