North America Digital Business Support System Market
No. of Pages: 184 | Report Code: TIPRE00020538 | Category: Technology, Media and Telecommunications
No. of Pages: 184 | Report Code: TIPRE00020538 | Category: Technology, Media and Telecommunications
The North American region has experienced high adoptions of digital Business Support System (BSS)s (BSS) in the last few decades. North America is one of the most mature telecom markets globally and it has a very high mobile and internet penetration. According to the GSMA report, in 2019, around 290 million of the population had internet connectivity in the North American region. The region is expected to experience slow growth during the forecast period due to the highly deregulated communication service providers (CSPs). However, increase in demand to improve operational efficiency and stiff competition among CSPs are expected to boost the market in this region. Companies in these regions perceive value-added services as a new channel for growing their top-line revenues. Flow of telecommunication companies toward comprehensive digital offering and emergence of advanced and easy-to-use digital BSS solutions are the major factor driving the growth of the North America digital business support system market.
Moreover, in case of COVID-19, North America is highly affected specially the US. North America is an important market for the growth of Digital Business Support System (BSS) products owing to the presence of developed countries such as the US and Canada in this region. The high number of COVID cases have resulted in a negative impact on country’s and region’s economy and there has been a decline business activities and growth of various industries operating in the region. The COVID-19 pandemic has been a major for all the industries present in the region, but has impacted positively to the telecom sector. The ongoing shift of organization to remote work or work from home is the major driver for the growth of networking infrastructure and connectivity. The demand of digital BSS for offering enhanced end-user experience in the field of communication and networking is anticipated to boost in the region. Nevertheless, the factory and business shutdowns across the US, Canada, and Mexico negatively impacted the of digital Business Support System (BSS) somewhat but majorly it witnessed a growth. North America is home to a large number of technology companies. Thus, the coronavirus outbreak's impact is anticipated to be quite severe across the region in the year 2020 and likely in 2021. However, the impact of COVID-19 is short-term; it is likely to decrease in the coming years.
Strategic insights for the North America 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$ 1,348.41 Million |
| Market Size by 2027 | US$ 3,047.33 Million |
| Global CAGR (2020 - 2027) | 11.0 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America 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 North America digital business support system market is expected to grow from US$ 1,348.41 million in 2019 to US$ 3,047.33 million by 2027; it is estimated to grow at a CAGR of 11.0 % from 2020 to 2027. Requirement for continuous innovation by digital BSS vendors is expected to upsurge the North America digital business support system market. Vendors operating in the market need to continuously innovate and bring a comprehensive solution. This can be achieved by increasing investments in research and development (R&D) and mergers and acquisitions (M&A). With M&A, vendors can extend their offerings across the value chain and enhance their technological capabilities. Vendors can also develop and expand their digital Business Support System (BSS) suite. To differentiate themselves from their competitors, vendors should consider adding functionality. Vendors must try to anticipate future trends beforehand. For instance, artificial intelligence and advanced analytics can be the potential focal point of vendors operating in the market. Offering an end-to-end suite would increase efficiency and reduce complexity for telcos, and, therefore, create a value proposition for vendors. Digital Business Support System (BSS) market is highly competitive and number of small and mid-size vendors are entering the market. In order to effectively capture larger market share, digital Business Support System (BSS) vendors need to continuously improve and innovate their products offing’s. They have to increase their overall research and development (R&D) budget so that they can bring the most comprehensive, end to end solution in the North America market, thereby driving the North America digital business support system market.
In terms of component, the services segment accounted for the largest share of the North America digital business support system market in 2019.
A few major primary and secondary sources referred to for preparing this report on the North America 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 plc; 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 Oy; Sigma Software; Sterlite Tech; Tata Consultancy Services Limited; Telefonaktiebolaget LM Ericsson; ZTE Corporation.
The North America Digital Business Support System Market is valued at US$ 1,348.41 Million in 2019, it is projected to reach US$ 3,047.33 Million by 2027.
As per our report North America Digital Business Support System Market, the market size is valued at US$ 1,348.41 Million in 2019, projecting it to reach US$ 3,047.33 Million by 2027. This translates to a CAGR of approximately 11.0 % during the forecast period.
The North America 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 North America Digital Business Support System Market report:
The North America 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 North America Digital Business Support System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Digital Business Support System Market value chain can benefit from the information contained in a comprehensive market report.
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