Global Digital Business Support System Market 2019-2023

Global Digital Business Support System Market 2019-2023

About this market

The increasing adoption of technologically advanced mobile devices is one of the critical factors that will trigger the growth of the global digital business support system market during the forecast period. The number of mobile subscribers increased rapidly, and end-users are opting for technologically advanced mobile devices for both personal and professional use. This has led to an increase in the use of data services. Factors such as the improved user interference in mobile apps and the use of mobile devices such as smartphones and tablets that offer high processing speed have increased the adoption of digital business support system across the globe. The growth in the number of connected devices across the globe is a significant factor that drives the demand for digital business support system market. With the exponential increase in the number of devices, it becomes increasingly difficult to monitor, manage, and maintain them. Mobility is crucial for most of the aspects of business operations, such as data collection using mobile devices, wireless networks, and unified communication. Thus, the rising adoption of mobile devices is expected to further accelerate the growth of the global digital business support system market during the forecast period. Technavio’s analysts have predicted that the digital business support system market will register a CAGR of nearly 15% by 2023.



Market Overview

Digital transformation

Digital transformation in industries such as Internet services, telecommunication, and media and entertainment is driving the growth of the global digital business support system market. In the telecommunication industry, the introduction of 4G and 5G technology is leveraging end-users to connect with the high-speed Internet. The emergence of advanced Internet technologies such as high-speed broadband and the introduction of voice over Internet protocol (VoIP) services on the cell phone has changed the user preference for Internet services and propelled the adoption of new technologies. The adoption of these technologies provides various facilities such as text message (short message service (SMS)), free calling, video call facilities, and TV on the phone. Such developments help digital business support system vendors to integrate the horizontal and vertical structures of the organization with advances in IT. Hence, technological advances and the increasing adoption of digitization will drive the growth of the market during the forecast period.

Need for high investments to meet system requirements

Digital business support system solutions and services providers are facing certain challenges due to the excessive costs involved in fulfilling digital business support system services requirements. The primary requirements for deploying and developing a digital business support system are cost-effectiveness, compatibility, reliability, support for emerging technologies, security, and minimal impact on network infrastructure. The implementation of the virtualization of data centers increases the need for network optimization service delivery in the organization. Challenges such as cost and complexity, data breakup, underused servers, resource issues, managing portability, and realigning staff expertise of virtualized data center in the organization reduce the efficiency of the work. Addressing the needs of digital business support system incurs considerable costs to service providers. This creates the need for expensive infrastructure, which hinders the growth of the market.

For the detailed list of factors that will drive and challenge the growth of the digital business support system market during 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented. The presence of several companies, including Accenture Plc and Huawei Technologies Co. Ltd., make the competitive environment quite intense. Factors such as the increasing adoption of technologically advanced mobile devices and digital transformation will provide significant growth opportunities to the digital business support system companies. IBM Corp., Infosys Ltd., and Oracle Corp. are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Digital Business Support System Market 2019-2023

Technavio recognizes the following companies as the key players in the global digital business support system market: Accenture Plc, Huawei Technologies Co. Ltd., IBM Corp., Infosys Ltd., and Oracle Corp.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the mobile network operators providing enterprise mobility services.”

According to the report, one of the major drivers in this market is the need to improve business efficiency.

Further, the report states that one of the major factors hindering the growth of this market is the shortage of skilled professionals and a high attrition rate.

Companies Mentioned

Accenture Plc

Huawei Technologies Co. Ltd.

IBM Corp.

Infosys Ltd.

Oracle Corp.

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global information technology (IT) spending market
      • Table Segments of global information technology (IT) spending market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by component
    • Table Component - Market share 2018-2023 (%)
    • Comparison by component
      • Table Comparison by component
    • Solutions - Market size and forecast 2018-2023
      • Table Solutions - Market size and forecast 2018-2023 ($ millions)
      • Table Solutions - Year-over-year growth 2019-2023 (%)
    • Services - Market size and forecast 2018-2023
      • Table Services - Market size and forecast 2018-2023 ($ millions)
      • Table Services - Year-over-year growth 2019-2023 (%)
    • Market opportunity by component
      • Table Market opportunity by component
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Accenture Plc
      • Table Accenture Plc - Vendor overview
      • Table Accenture Plc - Business segments
      • Table Accenture Plc - Organizational developments
      • Table Accenture Plc - Geographic focus
      • Table Accenture Plc - Segment focus
      • Table Accenture Plc - Key offerings
    • Huawei Technologies Co. Ltd.
      • Table Huawei Technologies Co. Ltd. - Vendor overview
      • Table Huawei Technologies Co. Ltd. - Business segments
      • Table Huawei Technologies Co. Ltd. - Organizational developments
      • Table Huawei Technologies Co. Ltd. - Geographic focus
      • Table Huawei Technologies Co. Ltd. - Segment focus
      • Table Huawei Technologies Co. Ltd. - Key offerings
    • IBM Corp.
      • Table IBM Corp. - Vendor overview
      • Table IBM Corp. - Business segments
      • Table IBM Corp. - Organizational developments
      • Table IBM Corp. - Geographic focus
      • Table IBM Corp. - Segment focus
      • Table IBM Corp. - Key offerings
    • Infosys Ltd.
      • Table Infosys Ltd. - Vendor overview
      • Table Infosys Ltd. - Business segments
      • Table Infosys Ltd. - Organizational developments
      • Table Infosys Ltd. - Geographic focus
      • Table Infosys Ltd. - Segment focus
      • Table Infosys Ltd. - Key offerings
    • Oracle Corp.
      • Table Oracle Corp. - Vendor overview
      • Table Oracle Corp. - Business segments
      • Table Oracle Corp. - Organizational developments
      • Table Oracle Corp. - Geographic focus
      • Table Oracle Corp. - Segment focus
      • Table Oracle Corp. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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