According to a new market research study on Europe Digital Business Support System Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Component” is expected to reach US$ 2,152.61 million by 2027 from US$ 860.48 million in 2019. The market is estimated to grow at a CAGR of 12.4 % from 2020 to 2027.
In case of COVID-19, Europe is highly affected specially the UK. Businesses in the region face severe economic difficulties as they had to suspend their operations or substantially reduce their activities. Owing to business lockdowns, travel bans, and supply chain disruptions, the region is anticipated to have an economic slowdown in 2020 and most likely in 2021. The member states of Europe, such as Italy, Spain, and Germany, have implemented drastic measures and travel restrictions to limit the spread of coronavirus among its citizens. The COVID-19 pandemic has initiated major changes in the usage and development of telecom networks and services to provide enhanced services to the employees for teleworking; students for learning online; people for communicating via video.
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A few major primary and secondary sources referred to for preparing this report on the Europe 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 ; 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; Sigma Software; Sterlite Tech; Tata Consultancy Services Limited; Telefonaktiebolaget LM Ericsson; ZTE Corporation.
MARKET INTRODUCTION
the European telecom industry is experiencing high competition from new entrants in the market, providing services at a low cost. Increasing pressure of keeping optimal pricing and improving service quality are factors compelling European telecom operators and CSPs to opt for advanced and efficient digital Business Support System (BSS), which can provide them enhanced operational efficiency and capability to roll out and offer new services effectively. Consolidation in the European market to gain market share and reduce customer churn is also expected to persuade companies to adopt advanced digital Business Support System (BSS). Furthermore, heavy demand for cloud-based and IoT-based licenses and maintenance, consulting, training & education, and implementation service; and requirement to lower operating and capital expenditure are a few factors expected to drive the European market during the forecast period. Presence of advanced and easy-to-use digital BSS solutions and telecommunication companies moving toward comprehensive digital offering are the major factor driving the growth of the Europe digital business support system market. List of Companies Profiled in the Europe Digital Business Support System Market Report are:
• 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
• Sigma Software
• STERLITE TECH
• Tata Consultancy Services Limited
• Telefonaktiebolaget LM Ericsson
• ZTE Corporation
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Key Segmentation:
Deployment Mode (Cloud Based and On-Premise),
The Digital Business Support System Market categorized into type, application, and country.
• Based on type, the Digital Business Support System Market segmented into pellets, blocks, and others. The blocks segment held the largest market share in 2022.
• In terms of application, the Digital Business Support System Market segmented into food and beverage, storage and transportation, healthcare, industrial applications, and others. The storage and transportation held the largest market share in 2022.
• By country, the Digital Business Support System Market segmented into the US, Canada, and Mexico. The US dominated the Digital Business Support System Market share in 2022.
Active Network Management Market, in 2021. The growth of the segment is primarily attributed to the increase in need for maintenance and repair activities in order to make sure its internal and external parts are in good condition and to maintain a record of its condition. Based on application, the power transformers segment held the largest share of the Active Network Management Market. The rise in energy demand, increase in renewable power generation, growing initiatives for smart cities & urbanization are the key factors responsible for the demand of power transformer. Thus, such factors are driving the Digital Business Support System Market growth.
Table of Contents
Based on material, the Mexico Logistics market is segmented into FRP/composites, metal/alloys, and others. The metal/alloys segment held the largest share of the Digital Business Support System Market in 2022.
Based on size, the Mexico Logistics market is segmented into 75-120 feet, 121-250 feet, and Above 250 feet. The 121-250 feet segment held the largest share of the Digital Business Support System Market in 2022.
Based on country, the Digital Business Support System Market segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the share of the Digital Business Support System Market in 2022.
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