Europe Digital Business Support System Market
No. of Pages: 204 | Report Code: TIPRE00020533 | Category: Technology, Media and Telecommunications
No. of Pages: 204 | Report Code: TIPRE00020533 | Category: Technology, Media and Telecommunications
the European telecom industry is experiencing high competition from new entrants in the market, providing services at a low cost. Increasing pressure of keeping optimal pricing and improving service quality are factors compelling European telecom operators and CSPs to opt for advanced and efficient digital Business Support System (BSS), which can provide them enhanced operational efficiency and capability to roll out and offer new services effectively. Consolidation in the European market to gain market share and reduce customer churn is also expected to persuade companies to adopt advanced digital Business Support System (BSS). Furthermore, heavy demand for cloud-based and IoT-based licenses and maintenance, consulting, training & education, and implementation service; and requirement to lower operating and capital expenditure are a few factors expected to drive the European market during the forecast period. Presence of advanced and easy-to-use digital BSS solutions and telecommunication companies moving toward comprehensive digital offering are the major factor driving the growth of the Europe digital business support system market.
Moreover, in case of COVID-19, Europe is highly affected specially the UK. Businesses in the region face severe economic difficulties as they had to suspend their operations or substantially reduce their activities. Owing to business lockdowns, travel bans, and supply chain disruptions, the region is anticipated to have an economic slowdown in 2020 and most likely in 2021. The member states of Europe, such as Italy, Spain, and Germany, have implemented drastic measures and travel restrictions to limit the spread of coronavirus among its citizens. The COVID-19 pandemic has initiated major changes in the usage and development of telecom networks and services to provide enhanced services to the employees for teleworking; students for learning online; people for communicating via video. The telecoms sector during the pandemic has become a lifeline for the citizens and businesses across the region. The pandemic situation laid the telecom sector to the test their capability by managing traffic peaks and spikes, combined with a difficult working circumstances and national crisis. All these factors are expected to have a positively impacted on digital Business Support System (BSS) market growth in European countries. Italy, Spain, Germany, UK, and France Digital Business Support System (BSS) markets are anticipated to see the positive impact in 2020 and likely to boost in the 2021.
Strategic insights for the Europe Digital Business Support System provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 860.48 Million |
| Market Size by 2027 | US$ 2,152.61 Million |
| Global CAGR (2020 - 2027) | 12.4 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Digital Business Support System refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe digital business support system market is expected to grow from US$ 860.48 million in 2019 to US$ 2,152.61 million by 2027; it is estimated to grow at a CAGR of 12.4 % from 2020 to 2027. Pre-built and digital BSS solution is expected to escalate the Europe digital business support system market. Digital transformation is taking place across the Europe. The shift from traditional services to digital services is on the rise. The growth of data and use of multiple devices by individuals and enterprises have led to the development of ready-to-use and pre-built digital Business Support System (BSS) solutions. End users of BSS no longer want to spend huge money and extended time for implementation of BSS solutions. Traditionally, deployment of BSS solutions takes a long time. With the advent of digital Business Support System (BSS), this challenge has significantly reduced. Today digital Business Support System (BSS) vendors are offering pre-built and ready-to-use solutions that are easy-to-operate and require less time for implementation. Digital Business Support System (BSS) solutions facilitate real time rating and efficient metering and charging of sophisticated digital services. Apart from the trend of pre-built digital Business Support System (BSS), the 5G ready BSS stack trend is also increasing. A 5G ready BSS stack lets operators quickly monetize the data network with innovative and personalized offerings, enhancing the digital experience for subscribers and improving customer loyalty. The convergent platform offers the capability of customer relationship management, convergent charging, and billing. It also provides flexibility to introduce several varied digital services with new billing models. These advantages are expected to drive the Europe digital business support system market.
In terms of component, the services segment accounted for the largest share of the Europe digital business support system market in 2019.
A few major primary and secondary sources referred to for preparing this report on the Europe digital business support system market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Accenture; Alepo; Amdocs Limited; BearingPoint; Capgemini SE; Cerillion plc; Comarch SA; Comviva; CSG Systems International, Inc.; FTS – Formula Telecom Solutions Ltd; Huawei Technologies Co., Ltd.; IBM Corporation; Infosys Ltd.; MIND CTI; NetCracker Technology Corporation; Nokia Corporation; Openet; Optiva Inc.; Oracle Corporation; QVANTEL; Sigma Software; Sterlite Tech; Tata Consultancy Services Limited; Telefonaktiebolaget LM Ericsson; ZTE Corporation.
The Europe Digital Business Support System Market is valued at US$ 860.48 Million in 2019, it is projected to reach US$ 2,152.61 Million by 2027.
As per our report Europe Digital Business Support System Market, the market size is valued at US$ 860.48 Million in 2019, projecting it to reach US$ 2,152.61 Million by 2027. This translates to a CAGR of approximately 12.4 % during the forecast period.
The Europe Digital Business Support System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Digital Business Support System Market report:
The Europe Digital Business Support System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Digital Business Support System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Digital Business Support System Market value chain can benefit from the information contained in a comprehensive market report.
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