South America Digital Business Support System Market is expected to reach US$ 325.50 million by 2027

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

According to a new market research study on “SAM Digital Business Support System Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Component” is expected to reach US$ 325.50 million by 2027 from US$ 138.57 million in 2019. The market is estimated to grow at a CAGR of 11.5% from 2020 to 2027. The report provides trends prevailing in the SAM digital business support system market along with the drivers and restraints pertaining to the market growth.Upsurge of advanced and easy-to-use digital BSS solutions and demand for continuous innovation by digital BSS vendors are the major factor driving the growth of the SAM digital business support system market. However, insufficient awareness and expertise about digital BSS solutions hinder the growth of SAM digital business support system market. 

 In case of COVID-19, Brazil has witnessed the highest number of confirmed cases, followed by other countries such as Ecuador, Peru, Chile, and Argentina. The governments of various countries in the region are taking several initiatives to protect people and to contain COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. The market player along with the support of the government is offering free access to its citizen to visit COVID-19 informational websites and educational content, allowing parents at home to help their children’s in their studies because of school shutdowns, to discounts on telecom service fees and enhanced conditions for debt negotiation, as well as free upgrades in data caps, broadband speeds, and multichannel packages. The presence of various developing nations makes South America as one of the major markets for the growth of digital Business Support System (BSS) market over the forecast period of 2020 to 2027. However, the positive impact in business operations and partnership activities are expected to affect the growth rate of companies planning to expand in this region for the next three to four quarters

The SAM 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.; 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 SAM 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 2020, Nokia signed an agreement with Togocom, an African mobile operator. Under the agreement Nokia will provide 5G equipment and services to Togocom. Nokia will also deploy its solution which includes end-to-end BSS, Session Management, Policy Controller, Nokia Mediation, NetAct network management system, and among others.   

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

SAM Digital Business Support System Market – By Component

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

SAM Digital Business Support System Market – By Country

• Brazil
• Argentina
• Chile
• Rest of SAM