Global Telecom Expense Management Market Size & Outlook
Global telecom expense management market, 2018-2030 (US$M)
Related Markets
Global telecom expense management market highlights
- The global telecom expense management market generated a revenue of USD 3,157.4 million in 2022 and is expected to reach USD 7,762.5 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 11.9% by 2030.
- In terms of segment, solution accounted for a revenue of USD 2,433.6 million in 2022.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 3,157.4 million |
| Market revenue in 2030 | USD 7,762.5 million |
| Growth rate | 11.9% (CAGR from 2022 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Service |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Service |
Other key industry trends
- In terms of revenue, the North America accounted for 34.2% of the global telecom expense management market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 118.3 million by 2030.
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Telecom Expense Management Market Scope
Telecom Expense Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global telecom expense management market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to telecom expense management market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 77.08% in 2022. Horizon Databook has segmented the Global telecom expense management market based on solution, service covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Telecom Expense Management Component Outlook (Revenue, USD million, 2018-2030)
- Solution
- Dispute Management
- Invoice Management
- Ordering and Provisioning Management
- Sourcing Management
- Usage Management
- Others
- Service
- Hosted Services
- Managed Services
- Solution
- Global Telecom Expense Management Deployment Outlook (Revenue, USD million, 2018-2030)
- Cloud
- On-premise
- Global Telecom Expense Management Enterprise Outlook (Revenue, USD million, 2018-2030)
- Large Sized Enterprises
- Small and Medium Sized Enterprises (SMEs)
- Global Telecom Expense Management Industry Vertical Outlook (Revenue, USD million, 2018-2030)
- BFSI
- Consumer Goods & Retail
- Healthcare
- IT and Telecom
- Manufacturing & Automotive
- Other
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Our clientele includes a mix of telecom expense management market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global telecom expense management market , including forecasts for subscribers. This global databook contains high-level insights into Global telecom expense management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global telecom expense management market size, by region, 2018-2030 (US$M)
Top 10 countries: Telecom expense management market size, 2022 (US$M)
Global telecom expense management market share, by component, 2022 & 2030 (%, US$M)
Telecom expense management market: Opportunity assessment by country
Global telecom expense management market, by region, 2022 (US$M)
| Component | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 584.5 | 667.9 | 852.1 | 988.2 | 1,078.8 | 1,182.4 | 1,300.9 | 1,437.1 | 1,594.3 | 1,776.1 | 1,987.2 | 2,233.0 | 2,520.5 | 11.2% |
| Europe | 378.1 | 436.3 | 562.2 | 658.4 | 725.9 | 803.4 | 892.8 | 996.1 | 1,116.0 | 1,255.8 | 1,419.2 | 1,610.9 | 1,836.6 | 12.3% |
| Asia Pacific | 434.5 | 506.3 | 658.6 | 778.6 | 866.4 | 967.8 | 1,085.1 | 1,221.4 | 1,380.4 | 1,566.7 | 1,785.5 | 2,043.5 | 2,348.9 | 13.3% |
| Latin America | 121.5 | 138.3 | 175.8 | 203.0 | 220.8 | 241.0 | 264.0 | 290.5 | 320.9 | 355.9 | 396.5 | 443.5 | 498.4 | 10.7% |
| MEA | 150.5 | 170.1 | 214.6 | 246.1 | 265.5 | 287.5 | 312.4 | 340.8 | 373.2 | 410.2 | 452.8 | 501.7 | 558.1 | 9.7% |
| Overall | 1,669.0 | 1,919.0 | 2,463.3 | 2,874.3 | 3,157.4 | 3,482.0 | 3,855.2 | 4,285.9 | 4,784.7 | 5,364.7 | 6,041.1 | 6,832.5 | 7,762.5 | 11.9% |
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