Know the Industry Trends of Digital Business Support System Market along with SWOT Analysis by Major Players- Atos SE, Capgemini, Comarch SA, Telefonaktiebolaget LM Ericsson

The market research report on the global Digital Business Support System market has recently added by Absolute Markets Insights. It provides a refined view of various attributes such as applications and specifications. It throws light on recent developments and advancements of technological platforms which helps to increase the performance of the companies. This analytical report is a compilation of primary and secondary research methodologies. It offers a systematic study of the Digital Business Support System market that aids the readers to understand the subject matter clearly. It has been aggregated on the basis of numerous components that impacts on the growth of the market.

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.

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A further analysis highlights services as a serious contributor to the general digital business network market revenue, which is attributed to the supply of a good 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 network market are offering a variety of services for banks and financial organization , wholesale carriers, mobile virtual network operators and international long-distance service providers. Hence, owing the wide offering including the rapid adoption of the services across various end users, is propelling the expansion 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.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 (2021-2030).
• 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

By Organization Size
• Small and Medium-Sized Enterprises
• Large Enterprises
• By End User
• Telecommunications
• Utility
• Media and Entertainment
• Government
• Others

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