Global Telecom Expense Management Market to US$7.7 Billion by 2030 Propelled by AI-Driven Innovation and Cloud Adoption

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TechMarket Experts, a unit of Industry Experts, Inc., has introduced a new study, "Telecom Expense Management - A Global Market Overview," estimating that worldwide TEM revenues will grow from approximately US$4.1 billion in 2024 to surpass US$7.7 billion by 2030, registering a CAGR of 11.2% during the forecast period. Growth is being fueled by rising telecom environment complexity, hybrid workforce expansion, and the rapid adoption of cloud-based unified communications (UC) platforms. As enterprises contend with multi-carrier ecosystems, global roaming costs, and decentralized communications usage, TEM is evolving from a tactical cost-control tool into a strategic enabler of compliance, operational agility, and cost transparency.

North America led the global TEM market in 2024 with US$1.4 billion, representing 34.2% of total revenue, driven by mature enterprise adoption, regulatory mandates such as SOX and PCI DSS, and strong demand for managed services. Asia-Pacific is forecast to record the fastest growth, advancing at a CAGR of 14.4% between 2024 and 2030 to exceed US$2.17 billion, fueled by aggressive digital transformation initiatives, SME adoption, and rising telecom complexity in markets such as China, India, and Southeast Asia.

By industry sector, IT & Telecom was the largest segment in 2024 at US$936.1 million, reflecting the inherently telecom-intensive operations of IT service providers and network operators. Education is projected to be the fastest-growing sector, registering a CAGR of 12.6% through 2030 to reach US$816.9 million, supported by hybrid learning models, expanded digital infrastructure, and cloud-based collaboration adoption across educational institutions.

The report segments the market by Solution Type (Invoice Management, Ordering & Provisioning Management, Dispute Management, Sourcing Management, Usage Management, Other Solution Types), Service Type (Hosted Services, Managed Services), Deployment Type (Cloud, On-Premise), Company Type (Large Enterprises, SMEs), and Industry Sector (BFSI, IT & Telecom, Manufacturing, Government, Healthcare, Retail & Ecommerce, Energy & Utilities, Transportation, Education, Other Industry Sectors) across five global regions and 29 countries. It also profiles over 25 companies including Tangoe, Calero-MDSL, Sakon, Cass Information Systems, brightfin, Upland Software, and Tellennium.

For sample pages or purchase options, contact +1-320-497-3787 or visit Telecom Expense Management Market Report

About TechMarket Experts
TechMarket Experts, a unit of Industry Experts, Inc., is your trusted source for independent and unbiased market research reports focused exclusively on the Information Technology (IT) and IT enabled services industries. We provide the reliable insights you need to unlock your tech growth and power your strategic decisions in today's dynamic IT landscape. For more information, contact us on +1-320-497-3787 or visit https://techmarketexperts.com/.

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