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OSS BSS System and Platform Market - Service Assurance Solutions to Retain Dominance in OSS Market through 2024

09-06-2018 09:29 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
The global operation support system (OSS) and business support system (BSS) system and platform market is poised to witness lucrative growth opportunity in the forthcoming years, according to Transparency Market Research (TMR). The report states that the top five market players hold approximately 40% of the overall market share in 2015, indicating towards a highly fragmented landscape. The prominent vendors in the global OSS BSS system and platform market are Accenture Plc, Nokia Siemens, Amdocs, Hewlett-Packard Company, and Telefonaktiebolaget LM Ericsson (publ).

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Operations Support System (OSS) and Business Support System (BSS), are largely used by communication service providers for service fulfillment, service assurance, customer service and billing. There has been a substantial change in the service providers’ offerings owing to technological innovations and data management.

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Cloud OSS BSS is a combination of both capabilities and deploying them through cloud. Cloud OSS BSS aids the operators in catering to the customer requirement through a service eco-system and transforming infrastructure and bring life to software defined networking.

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The systems are typically built using a platform driven approach consisting of common software components for deployment through cloud. This helps in the realization of a single IT environment that consists of all OSS and BSS applications, stored in central database.

Cloud OSS BSS leads to a digital transformation of the business at a technological as well as organizational level. This is a key trend emerging in the global OSS BSS system and platform market, fuelling market growth to a great extent.

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