Today, Tangoe, the leading technology expense and asset management solution for more than 20 years, has unveiled its new Market Trend Report for the first half of 2022, focusing on the state of the Telecom, Mobile and Cloud industries.
According to Tangoe’s Advisory Services team, key influences on the market for the first half of the year include The Great Resignation; mergers, acquisitions and divestitures; and an increased focus on significant digital transformation initiatives and the rise in multi-carrier, multi-vendor RFPs.
“Year to date our Tangoe Advisory Services team, working with businesses of all sizes, have seen an increased need in staff augmentation, contract renegotiations and RFP support” said Eric Witt, Vice President, Strategic Consulting Engagements, Tangoe. “Pricing volatility is expected to continue, especially as inflation increases and enterprise IT buying habits shift forward to hybrid cloud solutions and newer technologies readying companies for recession.”
Tangoe manages the largest and most diverse data set for enterprise technology spend across carriers and geographies. Tangoe Advisory Services has collaborated with hundreds of companies to source new contracts or rates, audit inventory to maximize efficiencies, and consult on new technologies to improve their business outcomes. In the first half of the year, Tangoe Advisory Services has uncovered more than $120 million in savings for its clients; delivered more than 8,000 hours of staff augmentation; and assessed 120 contracts, identifying nearly $850,000 (16% savings) per agreement.