Press release
Cloud OSS BSS Market Growth, Opportunities Analysis With HP, Amdocs, Nokia, NEC Corporation, Oracle, Comarch, Subex, Fujitsu Global, Mahindra Comviva, Cisco, TEOCO, Ensim Corporation, Cerillion Technologies, Accenture, Redknee, Huawei Technologies
Cloud OSS BSS Market
Global Cloud OSS BSS Market is expected to rise from its initial estimated value of USD 13.23 billion in 2018 to an estimated value of USD 36.33 billion by 2026, registering a CAGR of 13.45% in the forecast period of 2019-2026. Increasing usage of convergent billing systems is the major factor for the growth of this market.
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OSS/BSS stands for operations support systems/ business support system which provides network and customer data for back office. OSS is used to provide data such as network availability and network data information and BSS provide subscription information. Need of faster deployment and growing awareness about cloud OSS BSS is the major factor for the growth of this market. OSS and BSS provide efficient and reliable offer services to many subscribers worldwide.
Market Drivers:
· Increasing preference for convergent billing systems is driving the market.
· Low operational cost is driving the market.
Market Restraints:
· Risk concerns related to cloud security is restraining the market.
· Less adoption of cloud technology.
Major Market Competitors/Players
Few of the major competitors currently working in the cloud OSS BSS market are Accenture, Huawei Technologies Co., Ltd., Hewlett Packard Enterprise Development LP, Nokia, Oracle, Sigma Systems Canada LP, Cisco Systems, MYCOM OSI, Comviva, IBM Corporation, Telefonaktiebolaget LM Ericsson, Netcracker, Optiva, Inc, Tata Consultancy Services Limited., AMDOCS, SUBEX, TEOCO Corporation.
Key Developments in the Market:
· In March 2017, Tata Consultancy services announced the launch of their new version of HOBS (Hosted OSS/BSS) which is a TM Forum certified platform for digital enterprises. They will provide digital providers to simplify their processes, increase customer experience and to launch new digital services. The main aim is to provide security & privacy and a cloud based architecture business model.
· In March 2015, Wipro Ltd announced that along with Orga Systems they are able to create a pre- integrated BSS solution. Wipro’s Open MVNO ‘Telco-in-a-box’ will provide Mobile Virtual Network Operators (MVNO) and Communication Service Providers (CSP) in mobile fixed broadband spaces and in postpaid and prepaid segments. The main aim is that through end- to- end solutions provide business value to the customers.
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Global cloud OSS BSS market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cloud OSS BSS market for global, Europe, North America, Asia Pacific and South America.
Segmentation: Global Cloud OSS BSS Market
· By Solutions
o Operations Support System
§ Service Assurance
§ Resource Inventory Management
§ Network Management
o Business Support System
§ Billing and Revenue Management
§ Customer and Product Management
§ Service Fulfilment
· By Service
o Professional Services
o Managed Services
· By Deployment Model
o Public Cloud
o Private Cloud
o Hybrid Cloud
· By End- User
o Small and Medium Enterprises
o Large Enterprises
· By Architecture
o Revenue Management
o Service Fulfilment
o Service Assurance
o Customer Management
o Network Management Systems
· By Network
o Cable & Satellite
o Fixed & Wireless
o Mobile
o MVNO/MVNE
· By Geography
o North America
· US
· Canada
· Mexico
o South America
· Brazil
· Argentina
· Rest of South America
o Europe
· Germany
· France
· United Kingdom
· Italy
· Spain
· Russia
· Turkey
· Belgium
· Netherlands
· Rest of Europe
o Asia-Pacific
· Japan
· China
· South Korea
· India
· Australia
· Singapore
· Malaysia
· Indonesia
· Thailand
· Philippines
· Rest of Asia-Pacific
o Middle East and Africa
· South Africa
· Egypt
· Saudi Arabia
· United Arab Emirates
· Israel
· Rest of Middle East and Africa
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