As per a research report collated by Global Market Insights, Inc., the global OSS/BSS market is anticipated to rise exponentially by 2026.
Increasing adoption across the retail and e-commerce sector will drive the penetration of OSS and BSS products over the coming years. Operations support systems (OSS) are precisely software applications, deployed across enterprises to reinforce their back-office operations that are related to telecommunication company networks. The systems also help with the provision and maintenance of customer services.
Business support systems (BSS) can be touted as a business or customer-oriented functionality. These systems help commercial enterprises effectively deal with their customers through enhanced consumer-facing operations like the collection of payments, placement of orders, and processing of bills.
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The increasing adoption of cloud deployment model by enterprises is projected to drive product demand over the coming years. Companies are using cloud-based OSS/BSS systems that offer flexibility and scalability to their cloud system. A cloud-based system costs less when compared to the on-premise deployment systems. These systems also enables enterprises to access their programs, solutions, and applications through the internet. In addition, the configuration of cloud-based services is rapid in comparison with on-premise alternatives, making the model a more viable option.
With respect to enterprise size, OSS/BSS systems are expected to witness tremendous adoption across SMEs over the projected timeframe. The SME segment is projected to grow at a CAGR of more than 15% through the analysis period. An upsurge in the deployment of cloud services and growing digitization are considered the factors that would push adoption of OSS/BSS systems across SMEs. As opposed to large enterprises, SMEs predominantly focus on having cost-effective alternatives that can support operational efficiency. Moreover, the cost-effectiveness of OSS/BSS systems helps these enterprises push their operational efficiency without compromising on CAPEX and service quality.
List of the Key Companies that are Operating in the OSS/BSS Market. They are as follows:
Accenture Plc, Agile Network Systems, Amdocs Ltd, BMC Software, Inc., CA Technologies, Cisco Systems, Inc., Comarch SA., CSG Systems International, Inc., Hewlett Packard Enterprise Company (HPE), Huawei Technologies Co. Ltd., IBM Corporation, Infosys Limited, Netcracker Technology Corporation, Nokia Corporation, Oracle Corporation, Optiva, Inc., Subex Limited, Tata Consultancy Services (TCS) Limited, Tech Mahindra Ltd. and Telefonaktiebolaget LM Ericsson
On the regional front, the Asia Pacific OSS/BSS market is estimated to expand at a rate of more than 17% through the forecast timespan. This growth is ascribed to expanding entertainment and telecommunication industries in India, Japan, and China.
In addition, national governments and telecom firms are together focusing on innovating advanced network infrastructure. Taking November 2019 for instance, immediately after the final commercialization of 5G networks, The Government of China created a R&D team and began working towards 6G networks. Such initiatives are slated to bolster the OSS/BSS solutions’ demand in the region over the coming years.
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Table Of Content:
Chapter 5. OSS/BSS Market, By Solution
5.1. Key trends, by solution
5.2.1. Market estimates and forecast, 2015 – 2026
5.2.2. Service assurance
220.127.116.11. Market estimates and forecast, 2015 – 2026
5.2.3. Network management
18.104.22.168. Market estimates and forecast, 2015 – 2026
5.2.4. Inventory management
22.214.171.124. Market estimates and forecast, 2015 – 2026
5.3.1. Market estimates and forecast, 2015 – 2026
5.3.2. Billing and revenue management
126.96.36.199. Market estimates and forecast, 2015 – 2026
5.3.3. Service fulfillment
188.8.131.52. Market estimates and forecast, 2015 – 2026
5.3.4. Customer and product management
184.108.40.206. Market estimates and forecast, 2015 – 2026
Chapter 6. OSS/BSS Market, By Deployment Model
6.1. Key trends, by deployment model
6.2.1. Market estimates and forecast, 2015 – 2026
6.3.1. Market estimates and forecast, 2015 – 2026
Chapter 7. OSS/BSS Market, By Enterprise Size
7.1. Key trends, by enterprise size
7.2.1. Market estimates and forecast, 2015 – 2026
7.3. Large enterprises
7.3.1. Market estimates and forecast, 2015 – 2026
Chapter 8. OSS/BSS Market, By Application
8.1. Key trends, by application
8.2. IT & telecom
8.2.1. Market estimates and forecast, 2015 – 2026
8.3.1. Market estimates and forecast, 2015 - 2026
8.4. Media & entertainment
8.4.1. Market estimates and forecast, 2015 – 2026
8.5.1. Market estimates and forecast, 2015 - 2026
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