The Digital Business Support System Market is projected to grow at a CAGR of 15.70% during the forecast period 2022 - 2027. The rising introduction and deployment of customized solutions for the business is a factor that is expected to lead the Digital Business Support System market during the forecast period.
The Digital Business Support System solutions is nothing but a type of platform or solution which provides the monitoring and operational benefits to the business enterprises in which this business support system includes taking of orders, payment related queries and also the revenue management of the customers of the businesses whereas the system provides marketing insights, business operation insights among various other operation management which aids to the enterprises by enabling them to make informed business decisions regarding the product launches and also market expenses.
Rising online transactions and use of multiple mobile devices is expected to play an essential role in the growth of market of Digital Business Support System across the globe. Another factor such as rising advent of tailored business support system solutions and new commercial models which influence the growth of Digital Business Support System market during the forecast period. Increasing reduced operational costs, rising assumption of cloud based business support system solutions, rising digitization trend in the telecom industry are some of the major driving factors which promotes the growth of the revenue rate of Digital Business Support System market during the forecast period. Furthermore, rising adoption of digital business support system from manufacturers in order to add value to business through maximizing return on the investment, offering superior customer service and reducing costs, accelerating time to the market for new products and services are also some of the major driving factors which helps the market to grow further.
High capital cost is one of the important barriers to market growth. Also, the increasing complications in business process and integration of traditional and modern business support system acts as an important deterrent to the growth of the Digital Business Support System market. Furthermore, this is a very time taking process which acts as a major restraint for the growth of the market.
Market Size Available
2020 – 2026
2022 - 2027
By Component, Deployment Mode, End Users, and Region.
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Sigma Systems Canada LP., sterlitetech, Cerillion, Openet, Comarch SA, Qvantel, BearingPoint, Capgemini, Nokia, ZTE Corporation, Infosys Limited, Tata Consultancy Services Limited, Telefonaktiebolaget LM Ericsson, CSG International, Netcracker Inc., Amdocs, Huawei Technologies Co. Ltd., Accenture, IBM Corporation, Oracle, Optiva Inc., Mind Digital Group, ComViva, and MATRIXX Software and Others.
The Digital Business Support System market is segmented based on the following categories:
The services segment held the prominent share and is predicted to remain at the forefront throughout the forecast period due to the increasing adoption of cloud-based business support system solutions and increased demand for the associated services. It helps in reducing the cost, increasing the overall revenue and also enhancing the business performance.
The on-premises deployment mode is a traditional approach which is used to implement the Digital Business Support System solutions across enterprises.
The banking and financial services segment held prominent share of the market among the other segments.
On the basis of region, the Digital Business Support System market is segmented into North America region, Asia Pacific region, Europe region, Latin America region and Middle East and Africa region.
North America region hold the prominent share of the market due to the factors such as growing online transaction and also the usage of numerous mobile devices. Furthermore, rising advent of tailored business support system solutions and new commercial models in the region especially in some of the emerging economies such as United States and Canada promotes the growth of the market during the forecast period. The North America region is expected to hold the dominance during the forecast period.
Asia Pacific region is also expected to increase the market growth due to the growing adoption of cloud based business support systems especially in India, China and Japan helps the growth of the digital business support systems market during the outlook period.
Europe region will also increase the growth of the market followed by North America region and Asia Pacific region attributed to the factors such as rising of digitization in telecom industry and also increasing of investments by the major key players of the market for new product innovations.
Key market participants of Digital Business Support System market are Sigma Systems Canada LP., sterlitetech, Cerillion, Openet, Comarch SA, Qvantel, BearingPoint, Capgemini, Nokia, ZTE Corporation, Infosys Limited, Tata Consultancy Services Limited, Telefonaktiebolaget LM Ericsson, CSG International, Netcracker Inc., Amdocs, Huawei Technologies Co. Ltd., Accenture, IBM Corporation, Oracle, Optiva Inc., Mind Digital Group, ComViva, and MATRIXX Software
Most of the government authorities from various countries have announced lockdowns due to increasing spread of the COVID pandemic has made so many industries in loss but it has positively impacted on the digital business support system market due to increasing of online activities or the transactions across various industries such as healthcare, retail, IT and telecom. Rise in deployment of digital business support system due to the pandemic situation and this digital business support system market will have a positive growth during the forecast period.
1.1 Market Definition
1.2 Scope Of The Report
1.3 Study Assumptions
1.4 Base Currency, Base Year And Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market Share Analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Digital Business Support System Market, By Component
188.8.131.52 Channel Management
184.108.40.206 Marketing Management
220.127.116.11 Customer Management
18.104.22.168 Revenue Management
22.214.171.124 Sales Management
126.96.36.199 Partner Management
188.8.131.52 Product Management
6.1.9 Market Size Estimations & Forecasts (2022 - 2027)
6.1.10 Y-O-Y Growth Rate Analysis
6.1.11 Market Attractiveness Index
6.2 Digital Business Support System Market, By Deployment Mode
6.2.1 On Premises Deployment Mode
6.2.2 Cloud Deployment Mode
6.2.3 Market Size Estimations & Forecasts (2022 - 2027)
6.2.4 Y-O-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Digital Business Support System Market, By End User
6.3.1 Banking, Insurance, IT And Telecom
6.3.5 Government And Defense
6.3.6 Financial Services
6.3.7 Transportation And Logistics
6.3.10 Market Size Estimations & Forecasts (2022 - 2027)
6.3.11 Y-O-Y Growth Rate Analysis
6.3.12 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance And Administration Market, By Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Component
7.2.3 By Deployment Mode
7.2.4 By End User
7.3.1 By Country
184.108.40.206 Rest Of Europe
7.3.2 By Component
7.3.3 By Deployment Mode
7.3.4 By End User
7.4 Asia Pacific
7.4.1 By Country
220.127.116.11 South Korea
18.104.22.168 South East Asia
22.214.171.124 Australia & NZ
126.96.36.199 Rest Of Asia-Pacific
7.4.2 By Component
7.4.3 By Deployment Mode
7.4.4 By End User
7.5 Latin America
7.5.1 By Country
188.8.131.52 Rest Of Latin America
7.5.2 By Component
7.5.3 By Deployment Mode
7.5.4 By End User
7.6 Middle East And Africa
7.6.1 By Country
184.108.40.206 Middle East
7.6.2 By Component
7.6.3 By Deployment Mode
7.6.4 By End User
8. Key Player Analysis
8.1 Nokia Company
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Sigma Systems Canada LP
8.6 Comarch SA
8.10 ZTE Corporation
9. Market Outlook & Investment Opportunities
List Of Tables
List Of Figures
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