Digital BSS Market to Advance at CAGR of 11.9% During Forecast Period, Finds TMR Study

ALBANY, N.Y., Dec. 8, 2021 /PRNewswire/ -- Transparency Market Research

Digital BSS Market: Broad Contours

Solutions in the digital BSS market are spurring enterprises in various industry verticals to boost digital engagement and promote customer-centric business operations. Cloud-based business support system (BSS) supports digital-first delivery and management of communications services by businesses in the telecom sector.

Organizations in end-use industries are warming up to the potential of digital BSS with built-in CRM to automate the entire customer lifecycle and generate new revenue streams in the digital ecosystem, notes the study on the digital BSS market. The shift to digital BSS solutions enables customers to speed up the launch of a number of next-generation and value-added virtualized services, thereby enabling them to boost revenue streams.

The demand for converged billing systems spanning payment methods and access methods has helped end-use industries to consolidate revenues from digital services, finds the TMR study on the digital BSS market. The global revenue of the digital BSS market is estimated to reach US$ 9.6 Bn by the end of the forecast period, 2021 - 2031. New approaches to monetization and customer service relationships are fueling market prospects for providers of digital monetization platforms such as convergent billing solutions.

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Key Findings of Digital BSS Market Study

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Digital BSS Market: Key Drivers

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Digital BSS Market: Regional Growth Dynamics

Digital BSS Market: Key Players

Some of the key players in the digital BSS market are ZTE Corporation, Tata Consultancy Services Ltd., Sigma Software, Oracle Corporation, Optiva, Inc., Nokia Corporation, NetCracker Technology Corporation, Infosys Limited, IBM Corporation, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., CSG Systems International, Inc., Comarch SA, and Amdocs Ltd.

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Global Digital BSS Market: Segmentation

Digital BSS Market, by Component

Digital BSS Market, by Deployment

Digital BSS Market, by Enterprise Size

Digital BSS Market, by Industry Vertical

Digital BSS Market, by Region

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