TechNavio today launched its report, Global Telecom Expense Management Market 2012-2016, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Telecom team said: ”One of the main trends witnessed in the Global Telecom Expense Management (TEM) market is the increased acquisition of niche vendors by global vendors. The Global TEM market is highly fragmented with several diverse as well as niche vendors. To increase their market shares, the diverse vendors are increasingly acquiring niche players. For instance, one of the leading vendors in the market, Rivermine, was acquired by Emptoris in 2011, and the latter was acquired by IBM in 2012. Similarly, vendors such as Tangoe and Vodafone are increasingly focused on acquisitions to increase their presence in this market.”
According to the report, one of the main factors that drive the demand for TEM solutions is the increasing wireless expenditure in enterprises. Over the past few years, wireless expenses in enterprises have increased significantly. Companies nowadays allow employees to use smartphones in a bid to support employee mobility. However, this leads to several issues such as security concerns, over-usage charges, text messaging charges, and device procurement charges. The management of wireless expenses is highly complex, and it requires efficient TEM solutions to minimize these expenses. Also, the growing adoption of cloud-based applications is expected to increase wireless expenses, which will further drive the need for TEM solutions.
Further, the report reveals that one of the main challenges in the Global TEM market is the lack of awareness about the benefits of adopting TEM solutions.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-telecom-expense-management-marke…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Telecom market research, please visit https://www.technavio.com/telecom
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TechNavio Announces the Publication of its Research Report – Global Telecom Expense Management Market 2012-2016
