This comprehensive report examines trends in the global consumption of telecom, mobility and IT products, services and solutions by public and private organizations (including government and not-for-profit entities).
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 when spending will reach nearly $4.3 Trillion. While over a quarter of spending occurs in 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 mid-sized businesses also presents a wealth of untapped market opportunity as these businesses invest more in areas such as mobility, cloud and other emerging technologies.
- READ MORE: Telecom Expenses and Small Businesses
This report boasts insights into new trends and growing market opportunities for vendors including expanding opportunities in the mid-market caused by increased investment in mobility, cloud and emerging technologies. Telecom, mobility, and IT spending for over 435,000 organizations with 100 or more employees across North America, South / Central America, Europe, Middle East & Africa, and Asia-Pacific is examined.
“Our 2019 Telecom / Mobility / IT Industry Market Sizing and Forecast Report is a one-of-a-kind outlook on telecom, mobility and IT spending,” says AOTMP EVP Timothy C. Colwell. “With emerging markets across the globe, we’re seeing opportunities for vendors to access and seize new opportunities. These markets represent extraordinary opportunities for established Communications Lifecycle Management and Telecom/Technology Expense Management vendors as well as new entrants supporting this expansive, $3.85 trillion-dollar market space.”