Digital Business Support System Market Global Industry Outlook, Opportunity Analysis and Forecast 2018-2023
The global digital Business Support System market is expected to grow from US$ 2.8 Billion in 2018 to US$ 5.8 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.2% during the forecast period. Major growth factors for the market include the advent of tailored BSS solutions and new commercial models, increasing online transactions and use of multiple mobile devices, and reduced operational costs.
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The US is the most developed country in terms of technology adoption and investments. The Government of US is always working toward digitization, for which it takes several initiatives. With the advent of private Long-Term Evolution (LTE) and Fifth Generation (5G) services, the adoption of digital Business Support System solutions is considered integral.
The competition in APAC region is fragmented, and the cloud providers are looking at expanding the base of their solutions to most of these countries as a result of improvement in infrastructures and other business strategic moves. The major APAC countries that are expected to witness high growth rates include India, China, Singapore, Australia, and Japan. China is the major contributor of the digital Business Support System market share in APAC.
Top Key Players in the “Digital Business Support System Market” report include are
- 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)
- Bearing Point (Finland)
- FTS (Israel)
- MATRIXX Software (US)
- MIND CTI (Israel)
- TCS (India)
The Study Objectives of this report are:
- To analyze opportunities in the market and the details of the competitive landscape for stakeholders and market leaders
- To forecast the market size of segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
- To define, describe, and forecast the global Digital Business Support System Market, based on components (solutions and services), deployment model, end-user type, and regions with respect to individual growth trends and contributions toward the overall market
- To forecast the market size of segments with respect to countries in Americas (US and Canada), Europe (UK, Germany, and Rest of Europe), APAC (China and Rest of APAC), MEA (KSA, UAE, and Rest of MEA), and Latin America (Brazil, Mexico, and Rest of Latin America)
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Reason to buy this report:
The report would help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall digital Business Support System market and sub segments. Moreover, this report would help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
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