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OSS BSS Software Market (OSS Software and BSS Software)Key Players, Size, Trends, Growth Opportunities, Analysis and Forecast To 2021-2027
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On the basis of component, the solution segment exhibited the highest growth in the OSS & BSS market share in 2019, and is expected to maintain its dominance in the upcoming years, as the significant evolution of telecommunication industry across the globe is driving the demand for OSS & BSS (OSS) solutions. Telecom players are adopting OSS solutions to meet demand in IT requirement to cope up with a rapidly increasing subscriber base. However, the services segment is expected to witness the highest growth, due to surge in adoption of services among end users, as these services ensure effective functioning of OSS & BSS software and platforms throughout the process.By enterprise size, the global OSS & BSS market share was dominated by the large enterprises segment in 2019, and is expected to maintain its dominance in the upcoming years, due to the widespread adoption of OSS/BSS solutions and services among large financial institutes and communication service providers (CSPs). OSS & BSS are vital to drive subscriber engagement and enhance customer experience for leading CSPs. However, the small- & medium-sized enterprises segment is expected to witness highest growth during the forecast period, due to rise in need to improve operational productivity, thereby fueling the adoption of OSS & BSS among SMEs. The OSS solutions offers various services ranging from general information and advice to training, mentoring, and technical services to increase entrepreneurs’ skills and knowledge, thus providing a tool to boost SMEs productivity.
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Increase in demand for cloud OSS/BSS due to the combined benefits such as flexibility, cost-effectiveness, and technology to support business optimization drives the growth of the OSS & BSS market. The on-premise solutions have introduced high entry/exit barriers; hence, the modern day communication service providers are shifting their preference toward cloud, due to various benefits such as short lead time to market and agility to deliver and managing network. In addition, the mobile virtual network operators (MVNO) and new operators are finding it much easier to adopt cloud-based operations support system solutions. In addition, the entry barriers are low for new operators/MVNOs. For instance, in March 2020, BNET, the new independent service provider in Bahrain, announced to use BearingPoint//Beyond’s Infonova BSS solution as software-as-a-service (SaaS) built on AWS. This solution will empower the business support systems (BSS) and OSS & BSS (OSS) for BNET’s upcoming nationwide fiber broadband network. Such shift toward the business and operations support system applications on public cloud platforms such as AWS and Google Cloud drives the market growth.
Key Benefits For Stakeholders
This study includes the OSS & BSS market analysis, trends, and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and OSS & BSS market opportunity.
The OSS & BSS market size is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in OSS & BSS market.
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