Press release
Operation & Business Support System Market to Witness Huge Growth | Leading Key Players: Accenture, Amdocs, CSG Systems, HP Enterprises, Netcracker, Ericsson, Microsoft, Redknee, Oracle, Tata Consultancy Services (TCS), and IBM
Operational & Business Support Systems (OSS) are computer systems used by telecommunication service providers to manage their networks. They support management functions such as network inventory, service provisioning, network configuration, and fault management. Associated with Business Support Systems (BSS), they are used to support multiple end-to-end telecommunication services.
Global Operational & Business Support System Market Size:
According to Research Cosmos, The Global Operational & Business Support System Market to grow from USD 23.95 Billion in 2015 to USD 42.81 Billion by 2020, at a CAGR of 12.3 %.
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Drivers and Restraints:
The Operation & Business Support System market is influenced by the growing trend towards the outsourcing of services in the telecommunications industry. Faced with the growing amount of data, telecommunication service providers must also focus on providing innovative services that help them retain their customers. Many companies want to outsource their OSS / BSS functions to focus on next-generation products and services. By outsourcing OSS / BSS workflows to an independent service provider, telecommunications companies are getting a higher level of customer service assurance. OSS / BSS Independent Partners provide specialized expertise and services with defined KPIs, including hosting, support services, application administration, and adoption of new technologies network. The increasing adoption of cloud computing services by communication service providers (CSPs) is also increasing the demand for the OSS / BSS system. The increasing demand for scalability and flexibility among organizations, coupled with the growing need to reduce the cost of the transaction, is driving communication service providers to opt for alternative delivery models. Cloud computing significantly reduces the software and hardware requirements of networks and platforms. The cloud allows operators to provide an on-demand infrastructure and increases computing capacity. This elasticity allows rapid deployment of the solution and enables service providers to improve time to market by upgrading hardware and software resources.
Geographical Insights:
The North America region holds the largest market share in support systems for global operations, followed by Europe. In North America, the market has grown significantly as a result of the strengthening of the service guarantee solution market, particularly for the telecommunications sector in terms of numbers in recent years. It is estimated that the Asia Pacific business Operation & Business systems and support (OSS / BSS) market will achieve remarkable growth of more than 10% of the CAGR over the forecast period. The growing penetration of the Internet and the 4G network in emerging economies, particularly India and China, is the main driver of market growth. The rapid deployment of cloud computing services among SMEs in China and India is also increasing demand for the region.
Accenture, Amdocs, CSG Systems, HP Enterprises, Netcracker, Ericsson, Microsoft, Redknee, Oracle, Tata Consultancy Services (TCS), and IBM are the major players of the market.
Browse report brief and TOC @ https://www.researchcosmos.com/reports/global-operation-business-support-system-market-analysis-and-forecast-to-2022-growth-opportunity/2332809
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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