Publication date: November 2018
As organizations continue to invest in emerging technologies to facilitate increases in efficiency, productivity and business results, the Telecom/Mobility/IT market is posed to experience decent growth over the next three years. Consistent growth coupled with increasing investment within regions outside of North America point toward significant opportunities for Telecom/Mobility/IT vendors. This market-sizing report provides AOTMP insights and assessments of the Telecom/Mobility/IT Industry for 2019 and predicted growth through 2022 in total and across five world regions, supported by numerous data points and figures. In addition, the report provides insight into the global and regional market opportunity for vendors providing Telecom Expense Management, Communications Lifecycle Management and Technology Expense Management solutions.
Worldwide spending on Telecom/Mobility/IT will reach $3.85 Trillion in 2019 and will continue to grow at a CAGR of 3.6% though 2022. While over a quarter of spending is attributable to the United States, increased investment in regions such as Europe and Asia Pacific show promise in terms of growing market opportunity for vendors providing Telecom Expense Management, Communications Lifecycle Management and Technology Expense Management solutions. Further, increased technology investment among small and midsized businesses also presents a wealth of untapped market opportunity as these businesses invest more in areas such as mobility, cloud and other emerging technologies. By 2022, the global Telecom/Mobility/IT market size will reach approximately $4.3 Trillion, with a large majority of the spending being left unsupported by Telecom Expense Management, Communications Lifecycle Management and Technology Expense Management vendors which signifies even greater opportunity in the future.
This report contains information pertinent to vendors who support Telecom/Mobility/IT Management practices, revealing the amount of opportunity, both regionally and by business size, that exists for vendors in this space. Additionally, the information contained in this report will help support private equity firms, financial institutions, M&A firms, consultants and others who are currently pursuing or wish to pursue investment into the telecom/mobility/IT industry. Finally, this report also supports CIOs, CFOs, and other top-level executives who are responsible and accountable for telecom/IT/mobility in their effort to understand the current market size trends and the future direction of the telecom/IT/mobility industry.