Digital Business Support System (BSS) Market is expected to reach US$ 8,017.18 million by 2027

Shift of Telecommunication Companies Toward Comprehensive Digital Offering to Provide Growth Opportunities for Global Digital Business Support System (BSS) Market

According to our latest market study on “Global Digital Business Support System (BSS) Forecast to 2027 – COVID-19 Impact and Global Analysis – by Component” the market was valued at US$ 3,265.07 million in 2019 and 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.

Global 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, global 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. Global digital business support system (BSS) are, therefore, significantly deployed by CSPs, driving the global market.G

Geographically, North America held the largest share of the global digital business support system (BSS) market in 2019, followed by Europe and Asia Pacific. Further, Asia Pacific is projected to witness the highest growth rate during the forecast period. The global digital business support system (BSS) market is segmented into component and geography. Based on component, the market is further bifurcated into solutions and services. The services segment is expected to hold a larger share of the market during the forecast period.

Impact of COVID-19 Pandemic on Global Digital Business Support System (BSS) Market

According to the latest situation report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Spain, Turkey, Brazil, Iran, and China are some of the worst affected countries due to COVID-19 outbreak. The COVID-19 crisis is affecting the industries worldwide, and the global economy is anticipated to take the worst hit in 2020 and likely in 2021. The pandemic has positively impacted the telecom businesses and CSPs around the globe.

AMDOCS, Huawei, Alepo Technologies Inc, Ericsson, Netcracker, CSG International, Nokia, IBM Corporation, Capgemini, ZTE Corporation, Optiva, Openet, Sigma System, Cerillion, Sterlite Tech, Comarch, Accenture PLC, Infosys, Oracle, Mahindra Comviva, QVANTEL, Bearingpoint, FTS, MATRIXX Software, TCS, and MIND CTI are among the major companies operating in the global digital business support system (BSS) market.

Global Digital Business Support System (BSS) Market — by Geography, 2019

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Digital Business Support System (BSS) Market to Grow at a CAGR of 12.1% to reach US$ 8,017.18 million from 2020 to 2027

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Digital Business Support System (BSS) Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Component (Solution, Services [Professional {License and Maintenance, Consulting, Implementation, Training and Education}, Managed Services]), Geography

The report segments the global digital business support system (BSS) as follows:

By Component

• Solutions
• Services

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA
• South America
  • Brazil
  • Argentina
  • Rest of SAM