Telecom Expense Management Market – Complete Outsourcing Witnessing Increased Preference over Cloud Services

The vendor landscape of the global telecom expense management market boasts a highly fragmented nature and has a large share in business held by individual TEM vendors, which operate through multiple delivery channels, across key domestic and regional markets, observes a recent report by Transparency Market Research. The market is witnessing a notable shift from licensed software products to cloud-based services owing to cost and flexibility benefits of the latter.

In terms of mode of delivery, the segment of cloud services held the dominant share of nearly 45% of the overall market in 2015. Although the segment will continue to account for a massive share in the global market throughout the forecast period, rising preference to complete outsourcing will lead to a massive negative impact on the rate of adoption of cloud-based services.

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Over the past few years, factors such as the rising level of integration of mobile devices in enterprise networks and vast developments in corporate telecom infrastructure have rendered telecom networks of large-, medium-, and small-scale enterprises intensely complex and difficult for manual monitoring. As enterprises continue to adopt advanced communications channels to connect with employees, customers, and clients, the need for effective telecom expense management solutions will continue to be high.

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Pragati Pathrotkar

As one of the lead news writers on cmfenews, Pragati’s specialization lies in the science and technology domains. Her passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Pragati’s take on the impact of digital technologies across the science, technology, and business domains gives her writing a fresh and modern outlook.

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