Global Strategic Accountants LLC launched RBO TEM (Telecom Expense Management). This service systematically audits invoices from wholesale telecom carriers. This TEM replaces manual efforts and also make sure that resellers are not double-taxed. It also ensures that correct regulatory rules are applied to the bills. Thus, the above factors shows that the market is rapidly rising .
Global Telecom Expense Management Market was valued at USD 2,892.5 million in 2017 and is expected to reach USD 3,507.2 million in 2025, growing at a healthy CAGR of 17.1%.
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The use of telecom service is increasing day-by-day and so is the cost related to these services. The service cost is major concern for the enterprises that is aimed to reduce this expenditure and also improve the efficiencies of business processes. The multiple delivery channels for operation are being used for regional and domestic purposes. The difficulty in manually monitoring of telecom networks in is intensely complex procedure and hence need for telecom service has increased.
Table of Contents
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Industry Type
10.2. North America
10.5. South America
10.6. Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
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In 2015, Asentinel, LLC, a provider of telecom expense management (TEM) software acquired Marlin Equity Partners. This acquisition helps Asentinel to pursue opportunities for innovation and expansion for offering TEM solutions
- Increasing adoption of cell phones and other portable devices
- Providing expense visibility
- Significant cost reduction
The key players operating in the global telecom expense management market are –
- Vodafone Global Enterprise
- Dimension Data
- Quickcomm Software Solutions,
- Invoice Insight,
- WidePoint Solutions Corporation Inc., and many more.
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