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Digital Business Support Systems (BSS) Market: Size, Growth, Revenue And Forecast To 2033
Digital Business Support Systems (BSS) Market
As per the report, the digital business support system (BSS) market size has grown rapidly in recent years. It will grow from $5.91 billion in 2023 to $6.99 billion in 2024 at a compound annual growth rate (CAGR) of 18.3%. The digital business support system (BSS) market size is expected to see rapid growth in the next few years. It will grow to $18.7 billion in 2028 at a compound annual growth rate (CAGR) of 18.7%.
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Cloud Computing Propels Growth Of The Digital Business Support Systems (BSS) Market
The growing adoption of cloud computing is expected to propel the growth of the digital business support system (BSS) market going forward. Cloud computing refers to the on-demand availability of computing resources, such as storage and infrastructure, as services over the internet. The adoption of cloud computing arises because of cost efficiency, scalability, flexibility, accessibility, innovation, and agility. Digital business support systems are essential components of cloud computing platforms for managing customer relationships, enabling service delivery, ensuring accurate billing, providing customer support, and facilitating business analysis. For instance, in September 2022, according to reports shared by the AAG IT Support Service, a US-based digital transformation service provider, a global study of 753 technical and business professionals revealed that 63% of respondents reported heavy usage of cloud services. This marked an increase from 59% in 2021 to 53% in 2020. Therefore, the growing adoption of cloud computing is driving the digital business support system (BSS) market.
Innovative SaaS Solutions Transforming Telecom BSS Market
Major companies operating in the digital business support system (BSS) market are focused on developing innovative technological solutions, such as SaaS-based solutions, to enhance their offerings and address the evolving needs of the telecommunications industry. Software as a Service (SaaS)-based BSS refers to cloud-based platforms that provide comprehensive and scalable solutions for managing the operational and customer-facing aspects of telecommunications and digital service providers. For instance, in September 2023, Optiva Inc., a Canada-based provider of cloud-native billing, charging, and revenue management software, launched Optiva MVNO Hubs on Google Cloud, providing a comprehensive business support system (BSS) as a service solution for mobile virtual network operators (MVNOs). The mobile virtual network operator hubs include essential integrations like payment gateways, taxation services, customer care, customer relationship management ticketing, and dealer portals, facilitating rapid onboarding and management of dealer channels. Additionally, this cloud aims to empower early-stage MVNOs to rapidly launch personalized services for a wide range of consumer and enterprise customers, with a focus on accelerating time-to-revenue and providing telecom industry expertise and guidance throughout the MVNO lifecycle.
The digital business support systems (BSS) market covered in this report is segmented -
1) By Component: Solution, Services
2) By Deployment: Public Cloud, Private Cloud, Hybrid Cloud
3) By Enterprise Size: Small And Medium Sized Enterprises, Large Enterprises
4) By Vertical: Banking, Financial Services And Insurance (BFSI), Information Technology (IT) And Information Technology Enabled Services (ITES), Telecommunications, Retail And E-commerce, Media And Entertainment, Manufacturing, Energy And Utilities, Other Verticals
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Major companies operating in the digital business support systems (BSS) market are Huawei Technologies Co. Ltd., International Business Machines Corporation, Oracle Corporation, SAP SE, Hewlett Packard Enterprise Development LP, Tata Consultancy Services Limited, Telefonaktiebolaget LM Ericsson, Nokia Corporation, Capgemini SE, ZTE Corporation, Infosys Limited, VMware LLC, NetApp Inc, Amdocs Limited, Netcracker Technology Corporation, CSG Systems International Inc, BearingPoint//Beyond, Sterlite Technologies Ltd, Comviva Technologies Limited, Comarch SA, Hansen Technologies Corp, Tecnotree Corporation, MDS Global, Optiva Inc., Subex Limited, Cerillion Technologies, MIND CTI Ltd, Qvantel, MATRIXX Software Inc, Suntech S.A.
Contents of the report:
1. Executive Summary
2. Digital Business Support Systems (BSS) Market Report Structure
3. Digital Business Support Systems (BSS) Market Trends And Strategies
4. Digital Business Support Systems (BSS) Market - Macro Economic Scenario
5. Digital Business Support Systems (BSS) Market Size And Growth
…..
27. Digital Business Support Systems (BSS) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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