Global Digital BSS Market 2021 Key Factors And Emerging Opportunities With Current Trends Analysis 2030

 Digital BSS Market: Introduction

Transparency Market Research delivers key insights on the global digital BSS market. In terms of revenue, the global digital BSS market is estimated to expand at a CAGR of 11.9% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global digital BSS market.

A digital BSS provides modern, flexible, and convergent systems in a virtualized network environment, allowing customer service points to automate business and establish differentiated services. The digital BSS also permits the operator to provide 5G opportunities through the latest and advanced 5G use cases. A BSS revolution helps to improve fixed and wireless networks, and since a digital BSS is integrated, it can be deployed in phases, mitigating migration risks. The BSS portfolio of an organization is designed to assist with low-risk but effective evolution to the digital world that is being built with IoT and 5G. These technology solutions are pre-integrated and catalog-driven such as analytics, self-care, OSS & core, and even supports available standards for integration with several other vendors. The digital BSS delivers a single convergent platform for effective revenue management through digitization and process automation. Customer service points can provide personalized and innovative offerings and boost CX with customer lifecycle management, streamlined sales, advanced partnerships, omnichannel customer support, enterprise service, inventory management, etc. This, in turn, is expected to drive the digital BSS market.

Get PDF Brochure for More Insights - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=79024

Organizations in the IT industry are using SaaS digital BSS for several reasons, such as it reduces the cost and provides security & compliance. SaaS digital BSS is likely to take over the cloud computing segment during the forecast period. New technologies and versions are entering the SaaS-based digital BSS market.

Digital BSS Market: Dynamics

Digital BSS also plays a significant role in supporting customer service points (CSPs) gain a large number of subscribers. It provides core services such as voice, data, and mobile commerce, ensuring the timely availability of these services to enhance user experience. Additionally, digital BSS provides insight into user preferences to provide customized solutions suited to their needs. Digital BSS helps to increase revenues for small and medium enterprises due to the availability of flexible billing and charging systems.

This is expected to fuel the digital BSS market.

Companies are working on retaining their existing customer base and attracting a large number of new users. Maintaining strong customer relationships is a critical factor for revenue generation. Complete access to billing details along with the shortest time to market and turnaround time to handle users’ issues is essential to ensure customer loyalty. A few factors affecting customers such as brand value, number of services offered, QoS (Quality of Service), and resolution of issues are further driving the digital BSS market.

The digital BSS offers a host of benefits for service providers to manage their network and business; the changing competitive landscape has led to service providers updating legacy systems. However, this requires significant upgrades to existing technology. CSPs aim to achieve predefined revenue targets while ensuring operation costs and associated expenses are kept at a minimum. This presents a barrier to market growth and profitability for participants since the integration of new services with the current infrastructure is a cost-intensive and tedious activity. In addition, vendors collaborating with different digital BSS providers face compatibility issues in terms of data synchronization to obtain a singular view of the user.

In October 2020, Infosys Limited acquired Blue Acorn iCi, a digital customer experience, commerce, and analytics company, to strengthen its end-to-end customer experience offerings and to help clients navigate their digital transformation journey.

Digital BSS Market: Prominent Regions

North America has significant impact on the digital BSS market. North America is expected to hold a major share of the global digital BSS market by the end of 2021. This can be attributed to the rise in adoption of digital BSS solutions among end users. The U.S. holds more than half the share of the digital BSS market.

However, the digital BSS market in Asia Pacific is expected to expand at a robust pace during the forecast period. Rise in the number of small and medium software enterprises in Asia Pacific is fuelling the demand for digital BSS solutions to reduce costs and improve return on investment (ROI).

Digital BSS Market: Key Players

Key players operating in the global digital BSS market are Accenture Plc, Amdocs Ltd., BearingPoint, Capgemini SE, Cerillion, Comarch SA, Comviva Technologies Limited, CSG Systems International, Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., IBM Corporation, Infosys Limited, MDS Global, NetCracker Technology Corporation, Nokia Corporation, Optiva, Inc., Oracle Corporation, Sigma Software, Stl.tech, Tata Consultancy Services Ltd., and ZTE Corporation.

Buy Exclusive Report here https://www.transparencymarketresearch.com/checkout.php?rep_id=79024&ltype=S

Global Digital BSS Market: Segmentation

Digital BSS Market, by Component

  • Solution
    • Revenue and Billing Management
    • Customer Management
    • Sales Management
    • Product Management
    • Partner Management
  • Services
    • Professional Services
      • Consulting Implementation
      • License Maintenance
      • Training and Education
    • Managed Services

Digital BSS Market, by Deployment

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

Digital BSS Market, by Enterprise Size

  • Small and Medium Sized Enterprises
  • Large Enterprises

Digital BSS Market, by Industry Vertical

  • IT
  • Communication
    • MVNE, MVNO
    • IoT
    • Telecom
    • Broadband & Cable Operator
  • BFSI
  • Healthcare
  • Utility
  • Media and Entertainment
  • Government
  • Others

Digital BSS Market, by Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • United Arab Emirates
    • South Africa
    • Rest of Middle East & Africa (MEA)
  • South America
    • Brazil
    • Argentina
    • Rest of South America

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/

Comments

Post a Comment

Popular posts from this blog

Advanced Authentication Market 2020 Industry Size, Share, Regional Growth Analysis, Share, Trends and Forecast 2027

Image
Security threats in every industry have been growing continuously, with hackers constantly finding different ways to hack data, and viruses being created to hack private information from individual users and enterprises. Today, most users prefer to perform transactions online; hence, it becomes necessary for an organization to put together verification solutions which help in secure access. Organizations need a reliable authentication system to confirm the truth of somebody (person) or something (object). The manual password method is too often copied, breached, or shared, thus exposing data to theft. The Criminal Justice Information System (CJIS) obligated the use of advanced authentication in organizations in order to maintain the privacy and security of data. This mandate to use the system affects all agencies that access the CJIS network, including law enforcement agencies, the judicial system, and public safety. The advanced authentication system is again revamped or advanced in...
Read more

Industrial PC Market Outlooks 2021: Market Size, Cost Structures, Growth rate and Industry Analysis to 2027

Image
 Internet of Things (IoT) is gaining popularity by the day. And, this is translating into growth statistics for the technology. In 2019, for instance, about 26.66 billion IoT devices were in use. And, as per a latest study, by 2025, the number would be up to 75 billion. It is not surprising considering that some 127 new per second are being connected. And, while this includes both industry-based and end-consumer based, statistics, these show a decent picture for understanding the demand curve for industrial PCs. It is important to note here that as Internet of Things is adopted by a plethora of industries such as manufacturing, transportation, food and beverage, and for use in applications such as surveillance, and automation, demand for industrial PCs will see a steep upward curve between 2017 and 2025. As per a Transparency Market Research report, the global  industrial PC market  is set to grow at an impressive CAGR (Compound Annual Growth Rate) of 10.7%, accruing a wo...
Read more

Powered Storage Devices Market Segments And Sub-Segments, Market Trends And Dynamics, Supply And Demand, Market Size 2027

Image
Global Powered Storage Devices Market: Overview The global powered storage devices market will see impressive growth over the forecast period of 2019 to 2027. The steady CAGR (Compound Annual Growth Rate) will chart an upward trajectory, creating new opportunities for growth – something market players would scurry to make the most of. Besides, it will lead to improvement in market worth. Major factors behind the stated growth will be the hustle to reduce costs, rising population- driving demand for power upward, and need to store energy from renewable sources to fix the issue of erratic supply. Global Powered Storage Devices Market: Competitive Analysis The global powered storage devices market is witnessing numerous developments that are not just significant for players to take note of but also to understand how the market would operate over the coming years. An in-depth dive in can be had in our upcoming report. The global powered storage devices market is consolidated an...
Read more