According
to the new market research report "Digital Business
Support System Market by Component (Solutions (Revenue and Billing, Customer, Order,
and Product Management) and Services), Deployment Model (Public, Private, and
Hybrid Cloud), End-User Type, and Region - Global Forecast to 2023", published
by MarketsandMarkets™, the
global digital BSS market is expected to grow from USD 2.8 billion in 2018 to
USD 5.8 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.2%
during the forecast period.
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The
major factors driving the digital BSS market growth include the advent of
tailored BSS solutions and new commercial models, increasing online
transactions and use of multiple mobile devices, and reduced operational costs.
Browse and
in-depth TOC on "Digital
Business Support System Market"
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TOC @
Service segment accounts for a larger
market share during the forecast period
Digital
BSS services offer complete support to the telecom operators in digital BSS
solutions deployment and operations. With the increasing adoption of
cloud-based BSS solutions, the demand for the associated services is also
increasing among organizations. The digital BSS market by service has been
segmented into consulting, implementation, license and support, training and
education, and managed services. The overall services segment has a major
influence on the digital BSS market size. Furthermore, these services help in
reducing costs, increasing the overall revenue, and enhancing the business
performance.
License and maintenance services would
enhance user experience during the forecast period
The
license and maintenance services assist the telecom industry in solving
product-related issues. These services also include training the commercials
clients in managing the installed digital BSS solutions and bringing them in
line with the business requirements. Moreover, the training services also help
the clients’ IT teams in developing the required skill sets to easily manage the
operations of the installed solutions and promote the adoption of digital BSS
solutions. The license services are periodic and subscription-based, and are
offered by digital BSS service providers and system integrators.
North America is expected to account for
the largest market share during the forecast period
The
North America is the most dominant market for digital BSS deployment and
progressive region in terms of technology adoption. The North America comprises
US and Canada. The US accounts for the highest market share in the digital BSS
market. The US and Canada are also the early adopters of trending technologies,
such as IoT, big data, DevOps, and mobility, and this reason creates enormous
opportunities for the growth of the digital BSS market.
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Major
vendors in the global Digital Business Support
System Market include Amdocs (US), Huawei (China), Ericsson
(Sweden), NetCracker (US), CSG International (US), Nokia (Finland), IBM (US),
Capgemini (France), ZTE Corporation
(China), Optiva (Canada), Openet (UK), Sigma Systems (Canada), Cerillion (UK),
Sterlite Tech (India), Accenture (Ireland), Comarch (Poland), Infosys (India),
Oracle (US), Mahindra Comviva (India), Qvantel (Finland), BearingPoint
(Finland), FTS (Israel), MATRIXX Software (US), MIND CTI (Israel), and TCS
(India).
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