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Internet Services Market Procurement Intelligence Report | TCO Analysis Is Imperative for Buyers to Limit Frequent IT Hardware and Network Equipment Costs | SpendEdge

February 10, 2020 GMT

LONDON--(BUSINESS WIRE)--Feb 10, 2020--

SpendEdge has been monitoring the global Internet services market and the market is poised to experience spend growth of over USD 200 billion between 2019-2024 at a CAGR of more than 7% during the forecast period. Request Free Sample Pages.

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Read the 136-page research report with TOC and LOE on “The Global Internet Services Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, top suppliers, supplier selection and negotiation strategies, and insights into best practices to optimize procurement spend.”

The advent and the eventual popularity of BYOD devices are creating the requirement for a unified communication platform within buyers’ organizations which is making the utilization of high-speed Internet service a bare necessity. The proliferation of smartphone users coupled with the expansion of the mobile network area coverage is increasing the demand for mobile Internet services across the globe. These factors are exerting a cumulative impact on the spend growth in the Internet services market.

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Insights into the supply market

Insights into category management strategies that will help buyers to optimize their procurement spend

Internet service providers will tackle recurring expenditure to implement networking hardware and on energy to power Internet connectivity to cater to the demand for high-speed Internet connectivity. To compensate for this expense, service providers are likely to increase their service charges which will impact buyers’ procurement expenditure in the Internet services market. Considering this possibility, this report has listed category management strategies and procurement best practices that will not only aid buyers in achieving an optimal procurement spend but also improve their supplier management relationship.

Partner with service providers who provide a pay-as-you-grow engagement model

Buyers should evaluate options to engage with service providers through the pay-as-you-grow model. Within this model, buyers only need to pay based on their usage rate per individual months. Furthermore, such an engagement model brings about an opportunity to reduce pricing based on scalability.

Analyze service offerings to avoid vendor lock-ins

Factors such as poor service quality, high costs, changes in IT policies, security concerns, the introduction of better service by a different supplier, and M&A situations compel buyers to switch to different service providers. However, the cost of switching can often be expensive and can get further exacerbated by instances of vendor lock-in. Therefore, buyers must scrutinize the offerings of the service providers for possibilities of vendor lock-in and demand client testimonials to assess such possibilities.

Buy 1 report and get the second for 50% off. Buy 2 reports and get the third for free. Download the free sample of this report on the Internet Services market.

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About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more, https://www.spendedge.com/request-free-proposal

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CONTACT: SpendEdge

Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299

https://www.spendedge.com/contact-us

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY NETWORKS INTERNET HARDWARE

SOURCE: SpendEdge

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PUB: 02/10/2020 07:30 AM/DISC: 02/10/2020 07:31 AM

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