Press release
Next Generation Network OSS/BSS Market Estimated to Experience a Hike in Growth by 2025
Next Generation Network OSS/BSS market is one of the significantly increasing market because of rise in demand from telecom services providers. In addition, the Global demand of next generation technologies in cloud and M2M communication will fuel the growth of the Next Generation Network OSS/BSS market in forecast period. In addition worldwide rising demand for customer care services will drive the demand of Next Generation Network OSS/BSS across the globe.
Next Generation Network (NGN) Operational Support Systems (OSS) and Billing Support Systems (BSS) are used for OSS/BSS rationalization, next generation IP communications, and entirely new business models for Communication Services Providers (CSP) such as CSP support of various third parties including Over-the-Top (OTT) service providers.
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Next Generation Network OSS/BSS market: Drivers and Challenges
The major growth drivers of the Next Generation Network OSS/BSS market include increasing requirement for faster time consumer services. In addition, Use of Next Generation Network OSS/BSS in telecom industry will drive the growth of Next Generation Network OSS/BSS market. Advancements cloud and M2M technologies across the globe have led to growth of the Next Generation Network OSS/BSS across the globe.
Major challenges of Next Generation Network OSS/BSS market are optimization of Next Generation Network OSS/BSS systems and Complexities in integration of advanced systems with the legacy system are some of the major factors which are hindering the growth of Next Generation Network OSS/BSS Market.
Next Generation Network OSS/BSS market: Segmentation
Global Next Generation Network OSS/BSS Market can be segmented as:
Segmentation on the basis of Application:
Next Generation Network OSS/BSS market can be segmented on the basis of application, means areas where Next Generation Network OSS/BSS are used. Application includes IoT Platforms, IoT OSS and Billing and IoT Data Management
Competition Landscape
Key contracts
Key Contracts in Next Generation Network OSS/BSS market are as:
In May 2016, Huawei, a Chinese multinational networking and telecommunications equipment and services company, entered into partnership with Netscout, U.S. based application and network performance management products and solutions provider, with an objective to provide OSS interfaces under OSS interoperability initiative (OSSii).
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Key Players
Some of the major players in Global Next Generation Network OSS/BSS Market are Cerillion, Amdocs, comptel, Cisco System, Elitecore Technologies, AT&T Inc., Formula Telecom Solutions, Hewlett-Packard Company, Huawei, Alcatel Lucent S.A., LohNet Systems, Tata Consultancy Services Limited, Mycom, OpenCloud, Oracle Corporation, IBM Corporation, Tech Mahindra Limited, WebNMS, and ZTE.
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