Global Digital Business Support System Market is Growing at a Significant Rate in the Forecast Period 2019-2026

According to Data Bridge Market Research new Market report, global digital business support system market will account to an estimated USD 2.74 billion in 2018 growing at a CAGR of 15.75% during the forecast period of 2019 to 2026.

Global Digital Business Support System Market

Global Digital Business Support System Market:

Digital business support system can be defined as the components that are used for the monitoring and operations of business in relation to the customers used by the telecommunications service providers. Business support system involves orders, payment related queries and revenue management. It also monitors the usage and queries related to the different products that the clients of these telecommunication providers are expecting to launch and where the target market for them should be. It provides marketing insights, business operation insights among various other operation management aids.

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Segmentation: Global Digital Business Support System Market

Global digital business support system market is segmented on the basis of component, deployment model, end-user type and geography.

By Component (Solutions, Services), Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), End-User Type (Small & Medium-Sized Enterprises, Large Enterprises) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa).

FACTORS DRIVING GROWTH IN DIGITAL BUSINESS SUPPORT SYSTEM MARKET:

High penetration of mobile subscribers:

According to GSM Association, the global population reached around 5.20 billion unique mobile subscribers at the end of 2017. Unique mobile subscribers can be defined as an individual that owns one or more mobile connections (sim card). This number of unique mobile subscribers can be interpreted to around 66% of the total population penetration. This number is expected to rise to 5.90 billion by 2025, with the penetration rate amounting up to 71% of the total population. This high number of unique mobile subscribers is expected to result in the positive impact to the market for digital business support system, as the high numbers of mobile subscribers essentially means high numbers of internet users through which application of digital business support system becomes easier and outreach of it is increased.

Global Digital Business Support System Market

Key Market Competitors: Global Digital Business Support System Market

Few of the major competitors currently working in the digital business support system market are Telefonaktiebolaget LM Ericsson, CSG International, Netcracker Inc., Amdocs, Huawei Technologies Co. Ltd., Capgemini, Nokia, ZTE Corporation, Infosys Limited, Tata Consultancy Services Limited, Accenture, IBM Corporation, Oracle, Optiva Inc., Sigma Systems Canada LP., sterlitetech.com, Cerillion, Openet, Comarch SA, Qvantel, BearingPoint, MIND, Mahindra ComViva, and MATRIXX Software.

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