Fri. Sep 20th, 2019

Global Digital Business Support System Market is Expected to Grow at a CAGR of More Than 15% by 2027 Owing to Increasing Demand to Manage a Myriad of Billing, Charging and Settlement Systems Through a Single Interface: Says Absolute Markets Insights

Digital business support system plays a major role in revenue management and focuses on billing, charging and settlement for any combination of operational support system related services, products and offerings. The revenue management offered by the players of digital business support system market includes order provisioning and settlement. Convergent billing system provides a low-risk and effective route to capture and secure revenue streams and take advantage of business opportunities from both traditional telecom services as well as digital services, 5G and IoT. The organizations meets end-to-end requirements for billing of both the entry level communication service providers with high growth potential as well as can be integrated into the complex IT environment of mature businesses with demanding large-scale subscriber base. This feature of digital business support system makes it beneficial for providers of mobile, fixed-line, broadband, and TV.

It assists in meeting global standards including the latest TAP/RAP (Transferred Account Procedures/ Returned Accounts Procedure), and IMS (IP Multimedia Subsystem) specifications. For instance, Comarch SA, a Polish multinational software house and systems integrator offers a convergent billing system within the Comarch digital business support system suite. It allows real-time charging for any service type which is aiding in simplifying the billing system for mobile virtual network operators and modern digital service providers. Hence, the growing potential of the technology across the revenue management systems to sustain the changing business environment is steering the growth of digital business support system market.

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In terms of revenue, the global digital business support system market stood at US$ 2,798.59 Mn in 2018 and is anticipated to reach US$ 9,819.25 Mn by 2027, expanding at a CAGR of 15% during the forecast period (2019 – 2027)

Digital Business Support System: How helpful in customer billing management? The digital business support system provides operators with a convergent billing solution that allows them to support different lines of business on a single platform. Netcracker’s solution offering assists its clients in avoiding the intricacies and support costs related to managing numerous billing systems. The solution empowers service providers to amalgamate all financial transactions for customer billing accounts into a solitary bill. Hence, revenue management with digital business support system is easing up the complex business process and thus, is setting a pace for the growth of digital business support system market.”

The detailed research study provides qualitative and quantitative analysis of the global digital business support system market. The digital business support system market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further, across all the major countries. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.

Some of the major players operating in the global digital business support system market are 6d TechnologieS, ALEPO, Arbeit Consultancy, Atos SE, BearingPoint, Capgemini, Comarch SA, CSG, Huawei Technologies Co., Ltd., Mahindra ComViva, MYCOM OSI, Netcracker Inc., Nokia, OPENET, PETER-SERVICE, JSC, Qvantel, Rashed Al Makhawi Enterprises L.L.C., SAP, Tech Mahindra Limited, Telefonaktiebolaget LM Ericsson, and The Broadleaf Group amongst others.

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  • By Component
    • Solutions
      • Revenue and Billing
      • Customer Management
      • Order Management
      • Product Management
      • Sales and Marketing Management
      • Others (Inventory and Number Management, Policy Management and Back Office Process Management, Etc.)
    • Services
      • Managed
      • Professional
    • Deployment Model
      • Cloud Based
        • Public
        • Private
        • Hybrid Cloud
      • On Premise
    • By Organization Size
      • Small and Medium-Sized Enterprises
      • Large Enterprises
    • By End User
      • Telecommunications
      • Utility
      • Media and Entertainment
      • Government
      • Others
    • By Region
      • North America
        • S.
        • Canada
        • Mexico
        • Rest of North America
      • Europe
        • France
        • The UK
        • Spain
        • Germany
        • Italy
        • Nordic Countries
          • Denmark
          • Finland
          • Iceland
          • Sweden
          • Norway
        • Benelux Union
          • Belgium
          • The Netherlands
          • Luxembourg
        • Rest of Europe
      • Asia Pacific
        • China
        • Japan
        • India
        • New Zealand
        • Australia
        • South Korea
        • Southeast Asia
          • Indonesia
          • Thailand
          • Malaysia
          • Singapore
          • Rest of Southeast Asia
        • Rest of Asia Pacific
      • Middle East & Africa
        • Saudi Arabia
        • UAE
        • Egypt
        • Kuwait
        • South Africa
        • Rest of Middle East & Africa
      • Latin America
        • Brazil
        • Argentina
        • Rest of Latin America

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Company: Absolute Markets Insights
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