Global Digital Business Support System Market is Expected to Grow at a CAGR of 15% by 2027 Owing to the Increasing Demand for Both Managed and Professional Services: Says Absolute Markets Insights
Global Digital Business Support System Market Is Anticipated to Reach US$ 9,819.25 Mn by 2027
PUNE, India, March 19, 2019 /PRNewswire/ -- The evolving competitive market has made it essential for the telecommunication industry to rethink traditional ways of doing business in terms of the impact on business models, service portfolios and technical architectures. Digital business support system has proved to be of extreme importance in such business scenario. The requirements and concerns of the telecom operators are catered using both services and solutions. An outcome-based engagement model, relieves customers from operational issues and guarantees business results. Services assists organizations to focus primarily on critical business functions. A further analysis highlights services as a major contributor to the overall digital business support system market revenue, which is attributed to the availability of a wide array of services. For instance, Panamex Inc., along with business support system (BSS) products, also offers an assortment of managed services which include managed hosting and infrastructure 24/7 network operations, IT management and operational services, application management & operational services and business support and business support. Similarly, multiple other vendors of the digital business support system market are offering a range of services for banks and financial institution, wholesale carriers, mobile virtual network operators and international long-distance service providers. Hence, owing the wide offering coupled with the rapid adoption of the services across various end users, is propelling the growth of the market.
In terms of revenue, the global digital business support system market stood at US$ 2,798.59 Mn in 2018 and is anticipated to reach US$ 9,819.25 Mn by 2027, expanding at a CAGR of 15% during the forecast period.
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"Global digital business support system market is expected to witness increasing demand from professional services being offered by the vendors. Increasing need among end users to enhance customer experience and support present and up-coming innovations in their business models, is pacing the growth of the market."
The detailed research study provides qualitative and quantitative analysis of the global digital business support system market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further, across all the major countries. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.
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Key Findings of the Report:
- The industry participants are extensively adopting sales and marketing management solutions owing to which the segment is expected to account for a large share of the market in the coming years.
- Digital business support system market is increasingly tapping into cloud-based deployment in order to reduce over-all cost of ownership for the end users.
- The digital business support system market in the North American region is anticipated to grow at a CAGR of 15.3% in the forecast years (2019-2027).
- Order management is expected to grow at highest CAGR of 14.9% as this solution is one of the most vital and widely used function of digital business support system.
- The key players operating in the digital business support system market are Atos SE, Capgemini, Comarch SA, Telefonaktiebolaget LM Ericsson, SAP and Nokia amongst others.
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Digital Business Support System Market
- By Component
- Solutions
- Revenue and Billing
- Customer Management
- Order Management
- Product Management
- Sales and Marketing Management
- Others (Inventory and Number Management, Policy Management and Back Office Process Management, Etc.)
- Services
- Managed
- Professional
- Deployment Model
- Cloud Based
- Public
- Private
- Hybrid Cloud
- On Premise
- By Organization Size
- Small and Medium-Sized Enterprises
- Large Enterprises
- By End User
- Telecommunications
- Utility
- Media and Entertainment
- Government
- Others
- By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.
From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.
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