Openet

Dec 29, 2022

Major Players CSG International, Nokia, Accenture, Comarch, IBM Corporation, Tata Consultancy Services Limited, CSG Systems International, Inc., Alepo, Amdocs Limited, Infosys Ltd., Telefonaktiebolaget LM Ericsson, Optiva Inc., Sigma Software, Huawei Technologies Co, Ltd., MIND CTI, Cerillion plc, Comviva, BEARINGPOINT, STERILE TECH, FTS – Formula Telecom Solutions Ltd, ZTE Corporation, Qvantel, Openet, Capgemini among others. Segmentation Analysis The solutions segment is expected to be the fastest-growing segment in 2021. The component segment includes services and solutions. The solutions segment is expected to witness the highest growth rate during the forecast period. Its biocompatible properties make silicone an ideal material for a wide range of skin care applications, including peel-and-stick skin care products and wearable medical devices constructed from biomedical silicones. The wearable material market is expected to grow during the forecast period due to the increasing demand for silicones. The public cloud is expected to be the fastest-growing segment in 2021. The application segment includes hybrid cloud, private cloud and public cloud. The public cloud segment is expected to witness the highest growth rate during the forecast period. By sharing the cloud infrastructure, multiple users can communicate over the internet, facilitating easier connectivity, reducing server maintenance costs, and deploying services more quickly as technology advances. As cloud computing and its services have become increasingly important in the IT industry, the market for digital business support systems has grown significantly. Small & medium enterprises are expected to be the fastest-growing segment in 2021. The end-user segment includes large enterprises and small & medium enterprises. The small & medium enterprises segment is expected to witness the highest growth rate during the forecast period. The growth of small and medium enterprises is expected to be significant in the next few years as they seek to simplify their business operations. The digital business support system market will grow over the forecast period as technological advances are introduced to improve their performance. Regional Analysis            The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for digital business support systems include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia. The Asia Pacific region witnessed a major share. Increasing R&D investments in this region, a well-developed IT infrastructure, and the presence of major companies all contribute to the development of new technologies. The market is also expected to grow during the forecast period due to the rise of tailored business support systems and new commercial models, especially in emerging economies like the US and Canada. Country Analysis Germany Germany's digital business support system market size was valued at USD 0.94 billion in 2021 and is expected to reach USD 2.18 billion by 2029, at a CAGR of 11.1% from 2022 to 2029. Due to the availability of high-quality, easy-to-use digital BSS solutions and telecommunication companies moving towards comprehensive digital offerings, the digital business support system market in the country is growing at an impressive rate. China China’s digital business support system market size was valued at USD 0.85 billion in 2021 and is expected to reach USD 1.95 billion by 2029, at a CAGR of 11% from 2022 to 2029. COVID-19 has impacted China the most, which makes videoconferencing, conference calls, and webinars key to the market growth in the country. India India's digital business support system market size was valued at USD 0.65 billion in 2021 and is expected to reach USD 1.51 billion by 2029, at a CAGR of 11.2% from 2022 to 2029. Increasing use of online transactions and mobile devices, cloud-based BSS solutions, digitization of the telecom sector, and more are contributing to the growth of the market in the country. Covid-19 Impact Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries. Furthermore, the growth of this market is mainly driven owing to the rising demand for a digital business support system in various sectors for smooth working in order to boost business growth. Buy Now Full Report @ https://greyviews.com/checkout/237/single_user_license Contact Us