Digital Business Support System (BSS) Market, Increase in Demand, Evolving Opportunities and Forecast By 2028

Latest market study on "Digital Business Support System (BSS) Market to 2027 By Component (Solution, Services [Professional {License and Maintenance, Consulting, Implementation, Training and Education}, Managed Services]; - The digital business support system (BSS) market was valued at US$ 3,265.07 million in 2019 and it is projected to reach US$ 8,017.18 million by 2027; it is expected to grow at a CAGR of 12.1% from 2020 to 2027. The North American region has experienced high adoptions of digital business support system (BSS) in the last few decades. North America is one of the mature telecom markets globally and it has a high mobile and internet penetration. According to the GSMA report, in 2019, around 290 million of the population had internet connectivity in the North American region. The region is expected to experience slow growth during the forecast period due to the highly deregulated communication service providers (CSPs). However, increase in demand to improve operational efficiency and stiff competition among CSPs are expected to boost the Digital Business Support System (BSS) market in this region. Companies in these regions perceive value-added services as a new channel for growing their top-line revenues.

Download Sample Report (Including Full TOC, List of Tables & Figures, Graphs, and Chart) @ https://www.theinsightpartners.com/sample/TIPRE00005450/?utm_source=OpenPR&utm_medium=10365

IoT and cloud-based training and education and consulting services play an essential role in the BSS market, as they track the usage of services subscribed by users of connected devices and manage the services offered by numerous CSPs. Several technological, economic, and behavioral changes are empowering the growth and adoption of IoT and cloud technology in the region. As per USENIX, an association supporting operating system research, worldwide more than half of homes have at least one IoT device, and in North America, more than 70% of households have a network-connected device. IoT has changed the way of thinking about business procedures, adding a substantial number of new business models and cases.

The Key Players In The Global Digital Business Support System (BSS) Market Are:
• Amdocs Limited
• Huawei Technologies Co., Ltd.
• Telefonaktiebolaget LM Ericsson
• NetCracker Technology Corporation
• CSG Systems International, Inc.
• Optiva Inc.
• Nokia Corporation
• Capgemini SE
• ZTE Corporation
• Alepo

Digital Business Support System (BSS) Market Insights

Advent of Advanced and Easy-to-Use Digital Business Support System (BSS) Solutions
There has been a growing need for advanced and easy-to-use digital business support system (BSS) solutions. End users of BSS solutions have a large number of backend operations that they want to manage effectively. Therefore, they look for a digital Business Support System (BSS) solution that is comprehensive and easy-to-operate. Business environment and competitive landscape in the telecommunication sector are changing radically. New technology, especially 5G, acts as a catalyst for further disruption, thereby creating a unique opportunity to offer value-added services. Companies are tailoring their BSS requirement in order to create efficiency in the backend operation. For instance, Vivo, the subsidiary of the Telefonica Group operating in Brazil, effectively deployed Netcracker's Digital Business Support System (BSS) solution to manage product pricing, promotion, and delivery strategies across its enterprise business. Digital Business Support System (BSS) solutions are required to aggregate services, accommodate dynamic relationships with partner businesses, and effectively support the new business model. Therefore, digital Business Support System (BSS) vendors are now embracing advanced technologies, such as analytics and business intelligence, to develop a better real-time solution. Digital Business Support System (BSS) has the cloud-native architecture to provide unprecedented levels of flexibility and scale. With cloud-native architecture, operators can leverage the cloud's multi­tenancy characteristics to develop consistency of process and reduce the overall time and cost of development. Digital Business Support System (BSS) are, therefore, significantly deployed by CSPs, driving the global market.

The players operating in the digital business support system (BSS) market focus on strategies, such as mergers, acquisitions, product development, and market initiatives, to maintain their positions in the market. A few developments by key players are listed below:

In February 2021, CSG Systems International, Inc. extends its partnership with Etihad Etisalat (Mobily), a telecom operator in Saudi Arabia. Under the extended partnership, CSG Systems International, Inc. will continue to offer its billing and revenue management solution to Etihad Etisalat (Mobily).

In 2019, NetCracker Technology Corporation announced that it has signed agreement with Telenet, broadband/cable company service provider in the US. As per the agreement, NetCracker Technology Corporation will provide its BSS and OSS solution to Vast Broadband.

Speak to Analyst @: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00005450?utm_source=OpenPR&utm_medium=10365

Digital Business Support System (BSS) Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Research objectives:
To understand the structure of Digital Business Support System (BSS) Market by identifying its various sub segments.

Focuses on the key global Digital Business Support System (BSS) Market players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Digital Business Support System (BSS) Market with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the size of Digital Business Support System (BSS) Market submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

Order a Copy of this Digital Business Support System (BSS) Market Report@ https://www.theinsightpartners.com/buy/TIPRE00005450/?utm_source=OpenPR&utm_medium=10365

Contact Us:
If you have any queries pertaining to the report or would like further information, feel free to reach out to us at-
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

ABOUT US:
The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Our research model is very simple. We believe in client servicing and delivering best quality to our customers. Through our research content, we are making sure that our customers get value of their money along with better quality data and analysis.

This release was published on openPR.