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Digital BSS Market Trends

Report ID: GMI3879
Published Date: Aug 2023
Report Format: PDF

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Digital BSS Market Trends

The emergence of 5G technology also has a key to play in driving the digital BSS industry. The rollout of 5G technology is expected to drive the need for advanced BSS capabilities, as it demands real-time charging, enhanced billing, and agile service provisioning for a wide range of connected devices and applications. With companies consistently investing in high-speed internet and 5G technologies, the demand for digital BSS services and solutions will continue to grow. For instance, in December 2022, Ericson announced that it would invest USD 1 billion in India over the next five years to expand its 5G network and other digital infrastructure.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for digital BSS reached USD 5.3 billion in 2022 and is set to expand at 15.1% CAGR from 2023 to 2032 attributed to the escalating rollouts of digital transformation initiatives across enterprises worldwide.

The solution segment held more than 58% share of the digital BSS industry in 2022 and is poised to witness high demand through 2032 due to its ability to streamline business operations, enhance customer experience, and support digital transformation initiatives.

North America held over 34% share of the global digital BSS industry in 2022 and is poised to exhibit lucrative growth between 2023 and 2032 driven by technological advancement and digital infrastructure which has created a conducive environment for the adoption of digital BSS solutions.

Some of the leading firms operating in the digital BSS are Accenture Inc., Amdocs Inc., Bearing Point, Capgemini Inc., Cerillion Plc., CSG International Inc., Ericsson, Huawei Technologies, IBM Corporation, Infosys Ltd., Matrixx Software, MIND CTI, NetCracker Technologies, Nokia, Tata Consultancy Services (TCS) and ZTE Corporation.