Press release
Cloud OSS/BSS Market Trends, Share, Size, Growth, Opportunity and Forecast to 2025
OSS and BSS stands for operations support system/business support system. The two systems are operated together by telecommunications service providers, which are used to support a range of telecommunication services. OSS/BSS supports the digital operator customer-facing and network-facing IT functions seamlessly and virtually integrates them with no separation.Cloud OSS/BSS is the combination of both capabilities and deploying them through cloud. Cloud OSS/BSS helps the operators to serve the needs of the customers through a service eco-system and evolving infrastructure and bring life to software defined networking.Cloud OSS/BSS are built with platform driven approach using common software components for cloud deployment. This helps in the establishment of single IT environment that comprises all OSS/BSS applications without information which is stored in central database or functions. Cloud OSS/BSS helps in digital transformation of the business at both organization and technology level. Cloud OSS/BSS systems helps to utilize new network capabilities with new business models.
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The major growth drivers of the Cloud OSS/BSS market include increasing requirement for faster time consumer services. In addition, Use of Cloud OSS/BSS in telecom industry will drive the growth of Cloud OSS/BSS market. Advancements cloud and M2M technologies across the globe have led to growth of the Cloud OSS/BSS across the globe.Major challenges of Cloud OSS/BSS market are optimization of Cloud OSS/BSS systems and Complexities in integration of advanced systems with the legacy system are some of the major factors which are hindering the growth of Cloud OSS/BSS Market.
By regions, Cloud OSS/BSS market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.North America and Western Europe Cloud OSS/BSS market is predominantly mature as compared to the other regional market as they are fast in the adoption of technology.
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Cloud OSS/BSS market in Asia Pacific excluding Japan and Japan are expected to possess maximum potential in the forecast period. Cloud OSS/BSS market in Latin America and Middle East and Africa are also projected to witness positive growth during the forecast period.
Cloud OSS/BSS Market Segmentation:
By Type
Solution
Business Support System
Operation Support System
Service
Professional Services
Managed Services
End-User Type
Large enterprises
Small and Medium Enterprises (SMEs)
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Key vendor in the Cloud OSS/BSS market includes Amdocs Limited, Huawei Technologies Co. Ltd., Telefonaktiebolaget LM Ericsson, Redknee Inc., NetCracker Technology Corporation, Nokia Corporation, EXFO Inc., Openet Telecom Ltd, Sigma Systems Canada LP., and UXP Systems Inc.
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