Press release
Global OSS/BSS Market Is Growing with a Considerable Rate Due To the Growth of the Telecommunications Industry
Explore Full Report Description At: https://www.psmarketresearch.com/market-analysis/oss-bss-market
North America leads the OSS/BSS market, but it is expected that in the coming years, regions such as Africa, Latin America, and Middle East will lead the OSS/BSS market. The expectation is due to the change in focus, by communication service providers from developed markets, thus supporting the higher competition in the developing regions.
On the basis of process type, the OSS/BSS market is categorized as operation support systems and business support systems. Operation support systems can be further subcategorized on the basis of applications as service fulfillment, network design, network monitoring, and service assurance. Business support systems can also be subcategorized on the basis of applications as product management, customer management, order management and revenue management.
Operators in mature markets are expected to emphasize, more intently on monetization of mobile broadband data services such as hybrid accounts, social networking based plans, and customer self-provisioning plans which is further driving other areas of growth. The investment from legacy systems and more complex service support is driving the use of Software as a Service (SaaS) in the OSS/BSS industry, but still there is a need to address the issues regarding security and latency.
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Some of the competitors in the OSS/BSS Market are Telefonaktiebolaget L. M. Ericsson, Tech Mahindra Limited, Oracle Corporation, Amdocs, Inc., Alcatel Lucent S.A., Hewlett Packard Company, Accenture PLC, Tata Consultancy Services Limited, and IBM Corporation.
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