What’s Driving the OSS/BSS Market Trends? | Key Companies are Accenture, Amdocs, BMC Software, CA Technologies, Comarch, Ericsson, Netcracker Technology, Redknee, Subex, Tata Consultancy Services, Tech Mahindra

Over the last few years, the revenue graph of OSS/BSS market has been depicting an exponential growth, on account of the surging digitization across the telecommunication, BFSI, and IT industries which have been deploying new communication technologies to accelerate the organizational workflow. The lure for inexpensive, safe, and time-saving operations has been encouraging companies to implement OSS and BSS solutions at the workspace. In addition, for empowering intelligent network management and automation, most of the industries have been giving preference for operational support services on a large scale.

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The OSS solutions segment held a majority share accounting for nearly 50% of the OSS/BSS market in 2017 and is expected to hold a dominant share throughout the forecast timeline. The growing need among telecom service providers to outsource the operation support services is the primary factor driving the market. In this segment, the inventory management segment is estimated to hold a major share of over 40% by 2024 due to the increased demand for the automated inventory management solutions among telecom service providers.

The major manufacturers covered in OSS/BSS Market report: -
1. Accenture
2. Amdocs
3. BMC Software
4. CA Technologies
5. Cisco
6. Comarch
7. Ericsson
8. Hewlett Packard Enterprise
9. Huawei Technologies
10. IBM
11. Infosys
12. Netcracker Technology
13. Nokia
14. Oracle
15. Redknee
16. Subex
17. Tata Consultancy Services
18. Tech Mahindra

Some Points From Table of Content: -

Chapter 3. OSS/BSS Market Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2013-2024
3.4. OSS/BSS ecosystem analysis
3.4.1. Network hardware component providers
3.4.2. OSS/BSS software providers
3.4.3. Communication service providers
3.4.4. Cloud service providers
3.4.5. System integrators
3.4.6. Managed service providers
3.4.7. End users
3.5. Evolution of OSS/BSS technology
3.6. Benefits of OSS/BSS
3.7. OSS/BSS architecture
3.8. Technology & innovation landscape
3.8.1. Big Data analytics
3.8.2. 5G commercialization
3.8.3. Next-generation OSS/BSS
3.9. Regulatory landscape
3.10. Industry impact forces
3.10.1. Growth drivers
3.10.1.1. Surge in demand for service assurance
3.10.1.2. Growing need for lowering operational expenses (OPEX)
3.10.1.3. Growing adoption of convergent billing systems
3.10.1.4. Increasing trend of outsourcing OSS/BSS services
3.10.1.5. Growing adoption of cloud platforms among CSPs
3.10.2. Industry Pitfalls and Challenges
3.10.2.1. Reluctance to migrate from legacy systems
3.10.2.2. Availability of open-source platforms
3.11. Porter’s Analysis
3.11.1. Threat of new entrants
3.11.2. Threat of substitutes
3.11.3. Bargaining power of buyer
3.11.4. Bargaining power of supplier
3.11.5. Industry rivalry
3.12. PESTEL analysis
3.13. Growth potential analysis

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Large enterprises dominated the OSS/BSS market with a share of more than 70% in 2017. The growth of the segment is credited to the need among various enterprises to effectively manage their widespread network components and the need to increase the operational performance.

Taking into account the vast expanse of OSS/BSS market, most of the software companies have been acquiring firms involved in the development of the operational support systems environments. For instance, recently, the U.S. based leading supplier of telecommunication equipment, software, and services, Ciena acquired DonRiver which provides service inventory management software for OSS environments. This acquisition has helped Ciena improve its business process through network resource planning and utilization of closed-loop automation.

The transition of companies towards automated operations from traditional manual processes to improve the working efficiency and accuracy is likely to stimulate the product demand over the years ahead. Indeed, the rising concerns among financial institutions, IT and telecom companies about data security and operational breaches are poised to increase the valuation of OSS/BSS market, slated to accumulate more than USD 50 billion by the end of 2024.

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