The Digital BSS Market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure.
The digital BSS can be deployed through cloud and on-premise. The public cloud segment is expected to get the largest digital BSS market share over the forecast period. The public cloud system allows access to multiple users for the sharing of information via the internet. This provides ease of access, faster deployment of the service, and low maintenance cost of the system.
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It provides enormous benefits to organizations such as reliability, scalability, flexibility, and remote access to the system. Organizations are facing many hurdles for systems storage & maintenance and are willing to outsource their storage facilities to the service providers. These solutions offered by the digital BSS are expected to drive the growth of the sector over the forecast period.
The competitive environment in the business world is increasing day by day. This rising competition is leading to the need for opting cost-efficient business processes, which is driving the growth of the market. In order to achieve a competitive advantage, organizations are planning & implementing beyond traditional strategies of key performance indicators such as profit margin and revenue. These old criteria are being replaced with new ones such as customer experience, agility in the processes, and seamless experience of product delivery. This steady digital transformation is creating a suitable environment for the growth of the digital BSS market over the forecast period.
North America is expected to hold the largest digital BSS market share due to the presence of developed business ecosystem in terms of technology investments and adoption. The growing adoption of advanced custom business processes and the competition to improve the services are driving the growth of the market. Government initiatives for the launch of 5G and LTE services are expected to motivate the growth of digital BSS industry in the region over the forecast period.
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In the Asia Pacific digital BSS market, the growing number of smartphone subscribers and initiatives for combining the existing BSS solutions to advanced analytics systems are expected to drive the growth of this sector in China. The booming IT industry in India is expected to be the major driver in the growth of the digital BSS industry in the region. India, China, Japan, Singapore, and Australia are expected to be the prime marketplaces for the growth of the sector in the region.
The key players in the field of global digital BSS market are Amdocs, Huawei, Ericsson, NetCracker, CSG International, Nokia, IBM, Capgemini, ZTE Corporation, Optiva, Openet, Sigma Systems, Cerillion, Sterlite Tech, Accenture, Comarch, Infosys, Oracle, Mahindra Comviva, Qvantel, BearingPoint, FTS, MATRIXX Software, MIND CTI, and TCS.