Global Digital Business Support System Market – Industry Trends and Forecast to 2031

Digital Business Support System Market Analysis and Size

The rising advent of tailored BSS solutions and new commercial models is a vital factor escalating the market growth, also increasing reduced operational costs, rising online transactions and use of multiple mobile devices, rising assumption of cloud-based BSS solutions, rising digitization trend in the telecom industry, rising adoption of digital business support system from manufactures in order to add value to the business through maximizing return on investment, offering superior customer service, reducing costs and accelerating time to market for new products and services are the major factors among others driving the digital business support system market briskly.

Data Bridge Market Research analyzes that the global digital business support system market, which was USD 5,815.31 million in 2023, is likely to reach USD 12,402.58 million by 2031 and is expected to undergo a CAGR of 16.6% during the forecast period. This indicates that the market value. “Solutions” dominates the component segment of the market due to the high demand of this type in the market. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Digital Business Support System Market Scope and Segmentation

Market Definition

A digital business support system is a type of platform or solution that provides monitoring and operational benefits to business enterprises. The business support system includes taking orders, payment-related queries, and revenue management of the customers of the businesses. The system provides marketing insights and business operation insights, among various other operation management aids to the enterprises, enabling them to make informed business decisions regarding product launches and market expenses.

Global Digital Business Support System Market Dynamics

Drivers

• Increasing investments by data center companies in hyper-scale data centers

Various data center companies have invested highly in hyper-scale data centers, which will be expected to generate lucrative market growth opportunities. Last year, Equinix announced plans to construct around 32 hyper-scale data centers in a few major markets in Europe. With a total capacity of around 600 megawatts and above USD 6.9 billion in investment, the company goals to gain a better position in the rising landscape of hyper-scale data centers. Such growth in the region's data centers will increase the demand for the region's HCI market.

• Increasing demand for data security

A growing number of remote workers has generated new security challenges for businesses during the forecast period. Digital Business Support System provides a scalable and secure infrastructure for these services, which supports businesses to protect their data and decrease cyberattack risks. Overall, the growing demand for data security in businesses is a major factor likely to drive the growth of the Digital Business Support System market.

Opportunities

• The multiple advantages associated with Digital Business Support System

Organizations need storage performance that is fast and reliable. Digital Business Support System offers safe and secure infrastructure. Digital Business Support System consolidates resources, streamlines management, and lowers costs by integrating networking and computation into a single system. These advantages have led to the augmented adoption of Digital Business Support System in many enterprises. As a result, the demand for Digital Business Support System increases, likely enhancing market growth.

• The growing acceptance of the cloud platforms for businesses

The increasing acceptance of cloud platforms for businesses, mainly in developing countries, is expected to increase Digital Business Support System market growth in Asia-Pacific. For instance, in 2020, as per the Nutanix Cloud Index 2018, India will observe triple growth in adopting hybrid cloud workloads from 13 percent to 43 percent. The increasing adoption of digital technology for customer engagement is growing the company's focus on business expansion and developing new products.

Restraints/Challenges

• Increasing limitations on digital business support system standards

Growing limitations on Digital Business Support System standards are expected to obstruct the market's growth during the forecast period. For instance, problems with cloud compatibility and scalability can create major problems for organizations or enterprises that want to deploy Digital Business Support System systems.

• High cost associated with implementation

Digital business support system products normally carry a premium price tag because there is no integrated interoperability between seller offerings. Aggregated nodes can enforce undesirable capital charges for resources that might not all be required. Furthermore, maintenance contract and software licensing costs can increase recurring digital business support system costs. These factors will hamper the market growth.

This digital business support system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Digital Business Support System Market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In November 2020, Hitachi ABB Power Grids announced that they had signed a 5-year contract with Dubai Electricity and Water Authority (DEWA) to provide energy solutions. Under this agreement, the company will supply, install, test, and commission 15 new substations and refurbish and upgrade 18 existing substations across Dubai. Thus, the company will supply its MicroSCADA solution helping to protect, control, measure, and supervise power systems
• In October 2020, Snohomish County PUD (SnoPUD) had collaborated with Doosan GridTech to integrate two electric vehicle-to-grid chargers within its DERMS. The V2G stations can charge the vehicle and allow the energy stored to flow back to the grid, and provide support during an outage. With this, the company will help customers to maximize the value of owning an electric vehicle

Global Digital Business Support System Market Scope

The digital business support system market is segmented on the basis of component, deployment type, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

• Solutions
• Revenue And Billing Management
• Customer Management
• Order Management
• Product Management
• Others
• Inventory And Number Management
• Policy Management
• Back Office Process Management
• Services
• Consulting
• Implementation
• License And Maintenance
• Training And Education
• Managed Services

Deployment Type

• Public Cloud
• Private Cloud
• Hybrid Cloud

End-User

• Small Enterprises
• Medium Enterprises
• Large Enterprises

Digital Business Support System Market Regional Analysis/Insights

The digital business support system market is analyzed and market size insights and trends are provided by country, component, deployment type and end-user as referenced above.

The countries covered in the market report are the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Turkey, Lithuania, rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, rest of Asia-Pacific, Brazil, Argentina, Peru, rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Kuwait, Egypt, and rest of Middle East & Africa.

North America is expected to dominate the market due to the strong base of automotive facilities, strong presence of major players in the market.

Asia-Pacific is expected to witness significant growth due to the increase in government initiatives to promote awareness, rise in automotive facilities, growing research activities in the region, availability of massive untapped markets, and a large population pool.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

ICT Infrastructure growth Installed base and New Technology Penetration

The digital business support system market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for digital business support system market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the digital business support system market. The data is available for historic period 2010-2020.

Competitive Landscape and Global Digital Business Support System Market Share Analysis

The digital business support system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to digital business support system market.

Some of the major players operating in the digital business support system market are:

• Google (U.S.)
• IBM Corporation (U.S.)
• Amazon (U.S.)
• Microsoft (U.S.)
• VMware Inc. (U.S.)
• Hewlett Packard Enterprise Development LP (U.S.)
• Dell Inc (U.S.)
• Huawei Technologies Co. Ltd. (China)
• FUJITSU (Japan)
• Nutanix (U.S.)
• NetApp (U.S.)
• Quantum Corporation (U.S.)
• Scale Computing (U.S.)
• DataCore Software (U.S.)
• Maxta (U.S.)
• SANGFOR TECHNOLOGIES (China)
• SAP SE (Germany)

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