According to a new market research report "Digital Business Support System Market by Component (Solutions (Revenue and Billing, Customer, Order, and Product Management) and Services), Deployment Model (Public, Private, and Hybrid Cloud), End-User Type, and Region - Global Forecast to 2023" published by MarketsandMarkets™, the digital BSS market expected to grow from USD 2.8 billion in 2018 to USD 5.8 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.2% during the forecast period.The major factors driving the digital BSS market growth include the advent of tailored BSS solutions and new commercial models, increasing online transactions and use of multiple mobile devices, and reduced operational costs.Browse in-depth TOC on "Digital Business Support System Market"59- Tables 57- Figures147- PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=117932243Service segment accounts for a larger market share during the forecast periodDigital BSS services offer complete support to the telecom operators in digital BSS solutions deployment and operations.
The digital BSS market by service has been segmented into consulting, implementation, license and support, training and education, and managed services.
Furthermore, these services help in reducing costs, increasing the overall revenue, and enhancing the business performance.License and maintenance services would enhance user experience during the forecast periodThe license and maintenance services assist the telecom industry in solving product-related issues.
These services also include training the commercials clients in managing the installed digital BSS solutions and bringing them in line with the business requirements.
Moreover, the training services also help the clients’ IT teams in developing the required skill sets to easily manage the operations of the installed solutions and promote the adoption of digital BSS solutions.
The US and Canada are also the early adopters of trending technologies, such as IoT, big data, DevOps, and mobility, and this reason creates enormous opportunities for the growth of the digital BSS market.Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=117932243Major vendors in the global digital BSS market include Amdocs (US), Huawei (China), Ericsson (Sweden), NetCracker (US), CSG International (US), Nokia (Finland), IBM (US), Capgemini (France), ZTE Corporation (China), Optiva (Canada), Openet (UK), Sigma Systems (Canada), Cerillion (UK), Sterlite Tech (India), Accenture (Ireland), Comarch (Poland), Infosys (India), Oracle (US), Mahindra Comviva (India), Qvantel (Finland), BearingPoint (Finland), FTS (Israel), MATRIXX Software (US), MIND CTI (Israel), and TCS (India).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.