TechNavio Announces the Publication of its Report - Global Telecom Expense Management Market 2011-2014

TechNavio today launched its report Global Telecom Expense Management Market 2011-2014 based on an in-depth study covering the Americas, and the EMEA and APAC regions.

London, NY (prHWY.com) March 26, 2012 - The report aims to aid decision makers' understanding of the significant trends impacting this market. Commenting on the report, an analyst from TechNavio's Telecom team said, "A few years ago, several companies were investing in TEM in their national networks to reduce their telecom expenses. But, due to globalization, many companies have acquired a presence in several countries, directly or indirectly. The number of joint ventures and alliances, too, is increasing rapidly. As a result companies look out for improved TEM to handle their global network. This helps global companies to manage their telecom inventory, contracts, and invoices in a centralized manner."

According to the report, the major driver for companies to opt for TEM is the reduction in telecom expenses. TEM can help managers reduce mismanagement of telecom bills. Many corporate telecom bills include overcharges due to incorrect in-house and carrier-related mismanagement. TEM services can significantly reduce telecom costs by helping managers identify and fix common billing errors, such as charges related to unused or disconnected telecom services, including expired maintenance contracts; and carrier data-entry errors, such as duplicate or incorrect telecom charges etc.

The report also discusses that several companies consider procurement to be a major challenge in this industry.

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 players.

TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit http://technavio.com/content/global-telecom-expense-management-market-2011-2014

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Ludmila Berkesova
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Technavio
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ludmila@technavio.com
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