For market participants, digitalization has opened up a slew of new possibilities. By providing high-quality services and a great experience, advanced technologies have changed the client lifecycle. With quickly changing technology trends, digital BSS services assist enterprises and organizations in meeting client expectations. Market companies in the digital BSS space are capitalizing on shifting technical trends and putting them into practice to build a large customer base. To improve customer experience and engage with huge audiences, web analytics and CRM are used. Machine learning (ML) and artificial intelligence (AI) technologies, which are continuously evolving, also help the business. In the future years, the worldwide digital BSS market is likely to benefit from increased adoption and demand for innovative technologies among businesses.
MARKET DYNAMICS
The market has been positively influenced by the development of eCommerce items, billing & administration, and the rise of web portals providing services in many industries such as BFSI, healthcare, automobiles, government, IT & telecom. Digitalization encourages the use of cutting-edge technology to better understand the client lifecycle, from ordering to invoicing to sales and revenue management. In every aspect of business, the digital BSS market offers attractive business potential.
MARKET SCOPE
The "Global Digital BSS Market Analysis To 2028" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The digital BSS market report aims to provide an overview of the digital BSS market with detailed market segmentation by component, deployment, enterprise size, and geography. The global digital BSS market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading digital BSS market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global digital BSS market is segmented based on component, deployment, enterprise size. Based on the component, the digital BSS market is segmented into solution, services. Based on the deployment, the digital BSS market is segmented into public cloud, private cloud, and hybrid cloud. Based on enterprise size, the digital BSS market is segmented into SMEs, large enterprises.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global digital BSS market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The digital BSS market by each region is later sub-segmented by respective countries and segments. The digital BSS market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the digital BSS market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the digital BSS market in these regions.
IMPACT OF COVID-19 ON DIGITAL BSS MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has had a positive impact on the digital BSS market. Many companies now operate their businesses on online platforms due to the lockdown conditions; more companies are adopting video as a service. Therefore, the demand for digital BSS is increasing during COVID-19 and is also set to increase during the forecast period.
MARKET PLAYERS
The reports cover key developments in the digital BSS market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from digital BSS market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the digital BSS market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the digital BSS market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ericsson
- Amdocs
- CSG International
- Hansen
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Oracle Corporation
- Sigma Software
- Optiva, Inc.
- MDS Global