PUNE, India, March 19, 2019 /PRNewswire/ -- The evolving competitive market has made it essential for the telecommunication industry to rethink traditional ways of doing business in terms of the impact on business models, service portfolios and technical architectures. Digital business support system has proved to be of extreme importance in such business scenario. The requirements and concerns of the telecom operators are catered using both services and solutions. An outcome-based engagement model, relieves customers from operational issues and guarantees business results. Services assists organizations to focus primarily on critical business functions. A further analysis highlights services as a major contributor to the overall digital business support system market revenue, which is attributed to the availability of a wide array of services. For instance, Panamex Inc., along with business support system (BSS) products, also offers an assortment of managed services which include managed hosting and infrastructure 24/7 network operations, IT management and operational services, application management & operational services and business support and business support. Similarly, multiple other vendors of the digital business support system market are offering a range of services for banks and financial institution, wholesale carriers, mobile virtual network operators and international long-distance service providers. Hence, owing the wide offering coupled with the rapid adoption of the services across various end users, is propelling the growth of the market.
In terms of revenue, the global digital business support system market stood at US$ 2,798.59 Mn in 2018 and is anticipated to reach US$ 9,819.25 Mn by 2027, expanding at a CAGR of 15% during the forecast period.
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"Global digital business support system market is expected to witness increasing demand from professional services being offered by the vendors. Increasing need among end users to enhance customer experience and support present and up-coming innovations in their business models, is pacing the growth of the market."
The detailed research study provides qualitative and quantitative analysis of the global digital business support system market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further, across all the major countries. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.
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Digital Business Support System Market
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