The new report by EMR titled, ‘Global OSS BSS Market Growth, Share, Price, Trends, Report and Forecast 2023-2028’, gives a comprehensive analysis of the global OSS BSS market. It examines the market based on its segments like component, OSS solution type, deployment mode, organisation size, industry, and major regions like North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
OSS BSS Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
Historical Market Size (2022): USD 50.96 billion
Forecast CAGR (2023-2028): 13.3%
Forecast Market Size (2028): USD 106.64 billion
The market for OSS BSS has seen substantial growth due to multiple factors. These include the rising demand for more advanced technologies for supporting services, such as cloud and M2M, that are propelling market expansion. As the number of mobile consumers grows, so does the demand for these systems, making the networks more diversifiable, scalable, and flexible, and therefore driving market growth.
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As a result of the growing desire to simplify the operation of customer service and ensure high quality service, the industry is rapidly developing. As a well-structured OSS BSS system maximises the commercial potential of 5G, the increased adoption of 5G is likely to accelerate market expansion by opening up new business opportunities.
The growing usage of OSS BSS by telecom services providers to manage their company operations in relation to their clients is expected to boost market expansion even further. Telecom operators’ use of OSS and BSS solutions is fuelled by an increase in remote working policies, as well as video and distance learning rules. All of these have resulted in a surge in demand for stable internet connections.
OSS BSS Industry Definition and Major Segments
The term ‘operational support systems’ or OSS refers to the information processing systems used by operators to manage their communications networks. BSS, on the other hand, is often used to describe how a firm or customer operates. OSS and BSS work together to allow network operators to provide services to a large number of consumers on some of the most advanced computers on the planet.
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Based on the component, the industry is bifurcated into:
Solution
Service
Based on the OSS solution type, the industry is divided into:
Network Planning and Design
Service Delivery
Service Fulfilment
Service Assurance
Network Performance Management
Customer and Product Management
Others
Based on the deployment mode, the industry is divided into:
On-Premise
Cloud
Based on the organisation size, the industry is divided into:
Small and Medium Enterprises
Large Enterprises
Based on the industry, the market is divided into:
IT and Telecom Enterprises
BFSI
Media and Entertainment
Retail and E-commerce
Others
The regional markets for OSS BSS include:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
OSS BSS Market Trends
The growing demand for cloud OSS BSS due to its benefits in company optimisation such as flexibility and cost-efficiency is propelling the OSS BSS industry forward. Due to the high entry/exit barriers associated with on-site solutions, modern communication service providers are gradually transferring their preference to cloud OSS BSS. Reasons for this are their quick time to market, rapid deployment, and effective network administration.
Technologies such as the internet of things (IoT) are likely to open lucrative market expansion opportunities. Over the forecast period, the increased development of next generation OSS BSS (NGOSS) is expected to further push market expansion.
Key Market Players
The major players in the market are
- Cisco Systems Inc.,
- Nokia Corporation,
- Huawei Corporation,
- Accenture PLC,
- Netcracker Technology Corporation,
- Capgemini SE,
- others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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