Sarasota, FL -- (SBWIRE) -- 12/14/2018 -- Global Digital Business Support System Market: Overview

Digital business support systems offer complete support to the telecom service providers in digital business support system service deployment and operations. With the increasing acceptance of cloud-based business support system services, the demand for the associated services is also increasing among firms. These systems deal with taking orders from customers, payment issues, and issues associated with revenues or incomes. Digital business support systems help in enhancing the operational efficiency of product management process, customer management process, and order management & revenue management process.

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Global Digital Business Support System Market: Growth Factors

Launching of tailored business support system services along with new business models are likely to accelerate the growth of digital business support system market over the years ahead. Apart from this, digital business support system market growth is estimated to gain traction over the coming years, subject to rise in the digital transactions, prominent use of many mobile instruments, and low operational costs. However, price and time constraints can restrict the growth of digital business support system market in the near future. Furthermore, low availability of skilled professionals in telecom sector for implementing digital business support system solutions and growing complexity in network transactions will obstruct the market growth during the estimated timeframe. Nevertheless, the massive need of the digital business support systems for licensing, training & educational activities, consulting firms, and managed solutions will further amplify the scope of digital business support system market in the years to come.

Global Digital Business Support System Market: Segmentation

The global digital business support system market can be divided based on component, deployment mode, and end-user type. Based on the component services, the market is sub-segmented into solutions and services with solutions further classified into revenue & billing, product management, order, and customer. Based on the deployment mode, digital business support system market is divided into public, hybrid, and private cloud.

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Global Digital Business Support System Market: Regional Analysis

Based on regions, the global digital business support system market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North America is the most dominant market for digital business support system deployment and progressive region in terms of technology adoption. The U.S. and Canada are also the early adopters of trending technologies, such as IoT, big data, DevOps, and mobility, and this is expected to create enormous growth avenues for digital business support system market in North America. Furthermore, the competition in the wireless industry is at its peak, and every service provider is trying to offer innovative services to their customers. Companies such as CSG international, Netcracker, Amdocs, and IBM are the leading digital business support service providers operating in the region. These companies offer revenue management and billing solutions, customer experience solutions, and digital monetization solutions for every phase of the customer life cycle across the U.S. This, in turn, will further propel the growth of the regional market.

Asia Pacific digital business support system market is likely to witness lucrative growth over the coming decade with cloud service provides and operators trying to expand their solution base in countries such as India, Australia, China, Japan, and Singapore. Humungous presence of telecom subscribers in countries such as China coupled with growing trend of implementing new technologies such as integration of business support system solutions with data analytics, cloud systems, and security in the region will further intensify the regional growth. Chinese government is looking forward to digitize its business support system solutions, thereby further driving digital business support system market growth.

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Europe and LATAM hold huge growth prospects for digital business support system market.

Global Digital Business Support System Market: Competitive Players

The key market players of the global digital business support system market include Amdocs, Huawei, Ericsson (Sweden), IBM, Capgemini , ZTE Corporation , Optiva, Sigma Systems, Cerillion, Accenture, Comarch, Infosys, Oracle , Mahindra Comviva , Qvantel , FTS , MATRIXX Software, MIND CTI, and TCS.