Telecom expense management

The Post-Pandemic TEM Marketplace and the Future of Remote Work

The Post-Pandemic TEM Marketplace and the Future of Remote Work

Before the pandemic, wired, wireless, and other telecom made up 14% of the average companies IT budget, according to a Forrester report. Many companies are still adjusting to the short-term and long-term effects of the pandemic. That includes increased consumption of telecom services needed to support work from home or work from anywhere arrangements. A large percentage of employees may remain at home for the foreseeable future, making it critical to understand how remote work will affect Enterprise Telecom Expense Management (TEM).

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Telecom Expense Management Market Size 2021

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Telecom Expense Management Market Size 2021

The Telecom Expense Management Market, estimated at $1.45 billion in 2019, may reach $1.89 billion by 2027. That represents a compound annual growth rate (CAGR) of 3.65%. Another study, adjusted for the impact of COVID-19, projects a CAGR of 14.5% through 2025.

Telecom Expense Management has become an essential part of the tech stack at companies of all sizes and across most industries. Two transformative trends mostly drive this:

  • Increased need for efficient TEM practices

  • Expansion of business telecom infrastructures

If you need assistance with your telecom expense management, contact the experts at Valicom to tailor a solution for your company.

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3 Must Have TEM Software Features

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3 Must Have TEM Software Features

Valicom’s team sat down to discuss the most important questions to ask during the discovery phase of finding a trustworthy TEM vendor. The discussion started with basic questions, which we concluded could be applied to most technologies. These points also specifically had to do with the software provider’s team and who they work with directly. That brings us to the top two fundamental questions:

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TEM Calculator

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TEM Calculator

Have you ever wondered how much you would save by working with a TEM provider before you actually work with a TEM provider?

There are some general criteria that can help determine how much you would save by using a TEM provider, allowing us to create a TEM calculator for you to use. The items we look at in this quiz are: