According to a recently published Technavio Research report for 2012-2016, MDSL (News - Alert) is named one of the four global leaders in Telecom Expense Management market. MDSL is the leading global provider of Telecom Expense Management and Market Data Management solutions, helping enterprises effectively manage their communications and market data cost.

A senior analyst from Technavio predicts the Global Telecom Expense Management market to grow at a rate of 17.7 percent over the period of 2012-2016. Increasing wireless expenses is one of the key contributing factors that have initiated a rapid growth in the global TEM market, he remarked. A dedicated moved toward better consolidation has also been included in the report, as one of vital trends noted the growth of the TEM market globally.

Although the global Telecom Expense Management market is witnessing a growth in acquisitions, he cautioned that the lack of awareness can pose a great challenge to market growth.

Based on in-depth analysis of the market and essential inputs from industry experts, the Technavio report covers the market scenario in America, APAC and EMEA regions. It also considers the ecosystem of global Telecom Expense Management market and its growth prospects in the years to come.

The report by Technavio also presents a discussion on the role of key vendors who are operating in this market globally.

In today’s world, businesses are facing a tough challenge to manage the increasingly expensive and ever-evolving telecom network. The situation is worsened by pressure on companies to reduce their telecom costs and improve productivity at the same time.

MDSL Smart TEM is an advanced suite of telecom expense management solutions that are effectively designed to help enterprises reduce their telecom costs, and manage Mobile and Fixed telecom services from a central database.

Core benefits of MDSL Smart TEM:

• Improved process management, right from order requests to invoice
• Better network migration management
• Enhanced visibility of budgets, costs, and trends pertaining to the telecom industry
• Well optimized mobile or air-time data price plans

Talking about Technavio report naming MDSL as one of the leaders in global TEM market, Ben Mendoza (News - Alert), chief executive officer and founder of MDSL, commented that they are overwhelmed to be recognized as one of the leaders in TEM market globally. The company’s experience about the growth in wireless market matches the observations presented in Technavio research report.

He added that Mobile Device Management is being considered a critical function for enterprises today, yet 50 percent or more organizations are still in the category of “undecided,” and will react positively to this report.