How big is the Telecom Expense Management Market?

The Telecom Expense Management Market size is expected to reach USD 4.33 billion in 2024 and grow at a CAGR of 14.26% to reach USD 8.43 billion by 2029. Read More

What is the current Telecom Expense Management Market size?

In 2024, the Telecom Expense Management Market size is expected to reach USD 4.33 billion. Read More

Who are the key players in Telecom Expense Management Market?

Sakon Inc. , Avotus Corporation, Tangoe, Inc., Calero-MDSL and WidePoint Solutions Corporation are the major companies operating in the Telecom Expense Management Market. Read More

Which is the fastest growing region in Telecom Expense Management Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Telecom Expense Management Market?

In 2024, the North America accounts for the largest market share in Telecom Expense Management Market. Read More

What years does this Telecom Expense Management Market cover, and what was the market size in 2023?

In 2023, the Telecom Expense Management Market size was estimated at USD 3.79 billion. The report covers the Telecom Expense Management Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Telecom Expense Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Telecom Expense Management Market

Telecom Expense Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Top Telecom Expense Management Companies and the market is segmented by Solution (Invoice Management, Sourcing Management, Business Management, Dispute Management), Service (Hosted Service, Managed Service), End-user Industry (BFSI, Consumer Goods and Retail, Manufacturing, IT and Telecom, Healthcare), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Telecom Expense Management Industry Overview

The telecom expense management market is semi-consolidated due to the presence of multiple vendors. Several key players in the market are putting constant effort into bringing product innovations. Major companies are entering into strategic collaborations and are also expanding their footprints in developing regions to consolidate their positions in the market.

In Spetember 2023: Crown Jewels Consultant Ltd (CJC), has announced an enhanced collaboration with Calero (formerly Calero-MDSL), and as collaboration is a direct result of multiple clients leveraging CJC’s vendor-agnostic expertise for consulting and interfacing with the MDM solution, which include Data discovery, administration, and licensing management via the ILM product to build a structured data source and Cloud-based, hosted DACS for connectivity to external third parties, like Calero.

In August 2022, Calero-MDSL announced the acquisition of Network Control, a telecom expense and managed mobility services vendor based in Waverly, Iowa. This acquisition continued the acquisitive streak of Calero-MDSL and increased its status as the largest telecom expense management solution in terms of spending under management.

In June 2022, Tangoe, the leading technology expense and asset management solution for more than 20 years, unveiled a suite of curated bundles of their full-lifecycle expense management and optimization platform, Tangoe One. The new tiered packages are designed to help mid-size businesses access the Tangoe One platform to simplify, manage, and optimize telecom, mobile, and cloud assets and expenses from one consolidated portal.

In February 2022, Tellennium, a technology expense management company, announced that its Management of Things (MoT) platform had been completely registered with the US Patent and Trademark Office. MoT is a next-generation telecom expense management platform and service solution for mid-to-large organizations, launched in 2021. MoT is a real-time centralized database that gives users comprehensive information about customer invoice expenses, services, and assets.