Asia-Pacific Digital Business Support System Market is expected to reach US$ 2,151.01 million by 2027

Managed Services Segment to Dominate APAC Digital Business Support System Market during 2019–2027 

According to a new market research study on “APAC Digital Business Support System Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Component” is expected to reach US$ 2,151.01 million by 2027 from US$ 753.77 million in 2019. The market is estimated to grow at a CAGR of 14.2 % from 2020 to 2027. The report provides trends prevailing in the APAC digital business support system market along with the drivers and restraints pertaining to the market growth.Demand for continuous innovation by digital BSS vendors and predefined and ready to use digital BSS solution are the major factor driving the growth of the APAC digital business support system market. However, dearth of awareness and expertise about digital BSS solutions hinder the growth of APAC digital business support system market.   

In case of COVID-19, APAC is highly affected specially India and China. Due to the pandemic, uncertain consumer demand has affected the communication industry in the region. The lockdown of various factories in China affects the global supply chains and negatively impacts the sales of various products and services. However, China has emerged from a containment phase and moved into the mitigation stage; its experience is helping countries currently at the start of the COVID-19 cycle to plan their responses better. Major dependency of the individuals and the organizations on digital tools for videoconferencing, conference calls, webinars, and many more are driving the growth for telecom services. Furthermore, the rising demand for text messages is witnessing huge decline as compared to video calls and voice calls but the growing usage of internet for better communication across the region is boosting the market across the region. The educational institutes in the region are focusing on designing the contingency plans that encourage distance learning, which is further boosting the demand of digital Business Support System (BSS) market in the region. Moreover, India is another country where cases are rising constantly and business activities are halted due to nationwide lockdown. The government of various countries in this region such as India are taking drastic measures to reduce the effects coronavirus outbreak by announcing lockdowns, travel and trade bans.

The APAC digital Business Support System (BSS) market is segmented on the bases of component and country. Based on component, the market is segmented into solution and services. The services segment dominated the market in 2019 and is also expected to be fastest growing during forecast period. The services segment is further bifurcated into professional services and managed services. The managed services segment dominated the market in 2019 and is also expected to be fastest growing during forecast period. Furthermore, the professional service segment is again sub-segmented into license and maintenance, consulting, implementation, and training and education. The license and maintenance segment dominated the market in 2019 and is expected to be fastest growing during forecast period.

Accenture; 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.; NetCracker Technology Corporation; Nokia Corporation; Optiva Inc.; Oracle Corporation; Sigma Software; Sterlite Tech; Tata Consultancy Services Limited; Telefonaktiebolaget LM Ericsson; ZTE Corporation are among the leading companies in the APAC digital business support system market.The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, NetCracker Technology Corporation partnered with NEC Corporation and DigitalRoute, under the partnership NEC Corporation will offer DigitalRoute’s Usage Data Platform along with its 5G mobile core network.

The report segments the APAC Digital Business Support System Market as follows:

APAC Digital Business Support System Market – By Component

• Solution
• Services
  • Professional
    • License and Maintenance
    • Consulting
    • Implementation
    • Training and Education
  • Managed

APAC Digital Business Support System Market – By Country

• China
• Japan
• India
• Australia
• South Korea          
• Rest of APAC