The Telecom Expense Management Industry Association (TEMIA) says that a total of more than $29 billion of wireless, voice and data telecom spend were under management in 2007 according to its inaugural spend metrics report. The report surveyed all thirty TEMIA member companies composed mainly of the world's largest TEM solutions providers.
According to former Aberdeen Group analyst Joe Basili, who is now a VP of research at AOTMP, business telecommunications expenses in the U.S. reached $350 billion last year, making telecom expense management equivalent to over eight percent of total business telecom expenses in the U.S. for 2007.
"The aggregate total number of $29 billion clearly illustrates that U.S. corporations believe that telecom expense management is an important investment that will help them increase their bottom line," said David Spofford, President of TEMIA. "Telecommunication's costs and inventory continue to provide a tremendous savings opportunity for business and government. Enterprises are increasingly seeking outside help from TEM service providers - whether in the form of technology to automate the control processes or a variety of service-based solutions, our members are delivering significant benefits to their clients."
Telecom expense management is one of the hottest growth sectors in the telecommunications industry according to Gartner, which estimated the TEM market will grow at a compound annual rate of almost 40% until 2010.
Posted to the site on 27th March 2008
Posted to: www.cellular-news.com/story/30143.php