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The North American digital business support systems market is expected to grow by $ 1,348. 41 million in 2019 to $ 3,047. 33 million by 2027; It is estimated to grow at an annual growth rate of 11.0% from 2020 to 2027.

New York, April 26, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the report “Digital Business Support System Market Forecast in North America through 2027 – COVID-19 Impact and Regional Analysis by Component” – https: // www. reportlinker.com / p06065005 /? utm_source = GNW

The emergence of advanced and easy-to-use Digital Business Support System (BSS) solutions across North America is escalating the growth of the North American digital business support system market. End users of BSS solutions have a large number of backend operations that they want to manage effectively.

Therefore, they are looking for a digital BSS solution that is comprehensive and easy to use. The business environment and the competitive landscape in the telecommunications sector are changing radically.

New technologies, especially 5G, act as a catalyst for further disruption and thus offer a unique opportunity to offer value-added services. Companies adjust their BSS requirements to achieve efficiency in backend operations.

Digital BSS solutions are required to combine services, establish dynamic relationships with partner companies and effectively support the new business model. Therefore, digital BSS providers are now relying on advanced technologies like analytics and business intelligence to develop a better real-time solution. Digital BSS has a cloud-native architecture that offers an unprecedented level of flexibility and scalability. With the cloud-native architecture, operators can use the multi-tenancy properties of the cloud to achieve consistent process quality and reduce overall time and development costs. Digital BSSs are therefore being used extensively by CSPs, which is driving the digital business support systems market in North America.

Countries in North America, particularly the United States, have been adversely affected due to the COVID-19 outbreak. North America is an important market for the growth of BSS digital products due to the presence of developed countries such as the US and Canada in this region.

The high number of COVID-19 positive cases has negatively impacted the region’s economy, and the business activities and growth of various industries operating in the region have declined. The COVID-19 pandemic has been a major drag on the growth of most industries in the region but has had a positive impact on the telecommunications sector.

Many companies are moving to remote or home-based work, which is the main driver of network infrastructure and connectivity growth. The demand for digital BSS for an enhanced end-user experience in communication and networking is expected to increase in the region in the near future.

Even so, the factory and business shutdowns in the US, Canada and Mexico have had a somewhat negative impact on the growth of the digital BSS market, but most of all have seen growth. There are numerous technology companies based in North America. As a result, the effects of the outbreak in 2020 across the region were quite severe and are expected to continue into the first quarter of 2021. However, the effects of the COVID-19 pandemic are short-term. it will likely decrease in the years to come.

Based on the components, the service segment led the North American market for digital business support systems in 2019. Services include professional and managed services that are offered by digital BSS providers to end users in addition to the solutions.

These services enable the simple and smooth implementation of digital BSS solutions. The services offered by providers differentiate them from their competitors.

As a result, vendors in the market are investing time and effort into building more efficient services so they can expand their presence and strengthen their brand image in the current and potential end-user segment. Benefits such as lower costs and a smooth implementation of services should increase the demand for digital BSS in the coming years.

The overall size of the digital business support systems market in North America has been derived using both primary and secondary sources. To begin the research process, extensive desk research was carried out using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves to provide an overview and forecast for the North American digital business support systems market with respect to all segments in the region. Several primary interviews with industry participants and commentators were also conducted to validate the data. as well as to gain more analytical insights into the topic.

Participants in this process include industry experts such as vice presidents, business development managers, market intelligence managers and national sales managers, as well as external consultants such as valuation experts, research analysts and key opinion leaders who specialize in the digital business support system in North America market. 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; and ZTE Corporation are among the players in the market.
Read the full report: https://www.reportlinker.com/p06065005/?utm_source=GNW

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