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