The Latin America, Middle East and Africa Telecom Expense Management Market would witness market growth of 13.5% CAGR during the forecast period (2022-2028).
TEM is a terrific approach to simplify the processes and make sure everyone is on the same page, particularly when it is outsourced. A TEM provider may identify problems with an organization's operating system and provide recommendations for bringing teams together so that everyone knows how various business components interact to support telephony.
The main benefit of TEM is that it may aid users in cost management and reduce wasteful expenditure. Some firms need to be aware of the amount of money they are investing in telecommunications and need to be made aware that there is a better method to do business.
The main objective of TEM is cost savings; hence the procedure entails a thorough investigation of businesses' spending patterns and potential areas for cost savings while retaining the advantages of existing telecom gear. A better understanding of where their money is being spent and whether or not they are gaining a return on their investment is possible for businesses. By doing so, companies may spend less on pointless procedures and more on jobs and initiatives encouraging development.
The Middle East and North Africa (MENA) region's primary center for international commerce and business, The UAE, is a fiercely competitive market for the information and communication technology (ICT) sector. The UAE ICT Fund was created by the Telecommunications and Digital Government Regulatory Authority (TDRA) to support innovative research and development initiatives in the UAE ICT sector and train hundreds of Emirati students abroad in the ICT industry. The market for telecom cost management is expected to grow faster in the LAMEA region due to all these reasons.
The Brazil market dominated the LAMEA Telecom Expense Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $106.6 million by 2028. The Argentina market is experiencing a CAGR of 14.1% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 13.2% during (2022 - 2028).
Based on End-use, the market is segmented into Telecom & IT, BFSI, Consumer Goods & Retail, Manufacturing & Automotive, Healthcare & Life Sciences, and Others. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Deployment type, the market is segmented into On-premise and Cloud. Based on Component, the market is segmented into Solution (Invoice Management, Ordering & Provisioning Management, Usage Management, Sourcing Management, and Dispute Management & Others) and Service. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Telecom Expense Management Market is Projected to reach USD 5.3 Billion by 2028, at a CAGR of 10.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, NTT Data Corporation, CGI, Inc., Vodafone Group Plc, Calero-MDSL Ltd, Sakon, Inc., Avotus Corporation, Brightfin (Periscope Equity LLC), Tangoe, Inc., and Valicom (EXA Capital, LLC).
By End-use
By Organization Size
By Deployment type
By Component
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 