Digital Business Support System Market was valued at US$ 4.28 Bn in 2022 and is expected to reach US$ 11.95 Bn by 2029, at a CAGR of 15.79% during a forecast period.
Digital Business Support System Market Overview:
The Digital Business Support System Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Digital Business Support System Market, as well as the causes for variances in the industry’s growth in various places.
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Digital Business Support System Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Digital Business Support System Market Drivers:
The advent of tailored BSS solutions & new marketable models, and growing online transactions & use of multiple mobile devices are boosting the growth of the market. Reduction in cost of business operations, and reduce usage of resources are also increasing the growth of the global digital business support system market. The dearth of expertise in telecom companies to implement digital BSS solutions are the major challenge of the global digital business support system market. The early adopters of trending technologies such as IoT, big data, DevOps, and mobility are generating enormous opportunities for the growth of the digital business support system market.
Outcome & pull economies, NGOSS Proliferates, Traditional BSS Solutions in the Telecom Vertical are also key opportunities of the market. NGOSS is the Telemanagement forum, which is a business solution framework for creating next-generation OSS & BSS software and systems. However, growing difficulties in business process & with the combination of the traditional & modern business support system are limiting the growth of the market. More time is required for the process and the high cost of implementing the system is also hindering the growth of the global digital BSS market.
The digital business support system market by the solution is further segmented into revenue & billing management, customer management, order management, product management, inventory & number management, policy management, and back-office process management. The customer management segment is projected to grow at the highest CAGR during the forecast period owing to a CRM system that allows industries to manage business relationships & the data and information associated with them.
Digital Business Support System Market Segmentation:
by Component
• Solutions
• Services
by Deployment Model
• Public Cloud
• Private Cloud
• Hybrid Cloud
by End Users
• Small Enterprises
• Medium Enterprises
• Large Enterprises
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Digital Business Support System Market Key Players: The key players are
• Telefonaktiebolaget LM Ericsson
• CSG International, Netcracker Inc.
• Amdocs
• Huawei Technologies Co. Ltd.
• Capgemini
• Nokia
• ZTE Corporation
• Infosys Limited
• Tata Consultancy Services Limited
• Accenture
• IBM Corporation
• Oracle
• Optiva Inc.
• Sigma Systems
• sterlitetech.com
• Cerillion
• Openet
• Comarch SA
• Qvantel
• BearingPoint
• MIND
• Mahindra ComViva
• MATRIXX Software.
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Digital Business Support System Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Digital Business Support System Market Table of Content:
Part 01: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Part 02: Scope of the Report
Part 03: Global Digital Business Support System Market Landscape
Part 04: Global Digital Business Support System Market Sizing
Part 05: Global Digital Business Support System Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key Questions Answered in the Digital Business Support System Market Report are:
- Which sub-segment had the largest share in the Digital Business Support System Market?
- How is the competitive landscape of the Digital Business Support System Market in 2023?
- Which are the key drivers impacting the Digital Business Support System Market growth?
- Which region holds the maximum share in the Digital Business Support System Market?
- What will be the CAGR of the Digital Business Support System Market during the forecast period (2023-2029)?
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