Cloud OSS BSS Market Analysis Top Players Target Audience and Forecast to 2030

The "Cloud OSS BSS Market" is expected to grow from US$ 19,249.82 million in 2022 to US$ 55,733.74 million by 2030; it is expected to grow at a CAGR of 14.2% from 2022 to 2030.

Cloud technology is making a huge impact on the telecommunications industry as it helps reduce operational and administrative costs for telcos. It also helps them maintain unified communication and collaboration with content delivery networks. In addition, cloud service providers help telecom sectors to focus on essential business services rather than server updates, IT, or maintenance issues. Cloud technology has increased the reach of the telecommunications industry across the world. Cloud delivery model platforms help deliver IT and communication services over any network, such as fixed and mobile, with worldwide coverage. These platforms can also be used by any connected devices of end users, such as PCs, smartphones, and televisions.

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Companies Profiled in this report includes:

• Amdocs Ltd
• Oracle Corp
• Telefonaktiebolaget LM Ericsson
• Hewlett Packard Enterprise Development LP
• Huawei Technologies Co Ltd
• Axino Solutions GmbH
• CSG Systems International Inc
• Nokia Corp
• Infosys Ltd
• Softelnet SA

The demand for public cloud is growing tremendously in the cloud OSS BSS market, and it is also expected to maintain this trend during the forecast period. In addition, enterprises engage in deploying this cloud via third-party cloud service providers (CSPs) to manage applications and data within their infrastructure. Furthermore, key players in the market continue to provide OSS and BSS solutions to manage and monitor business operations. The public cloud helps reduce the total cost of ownership and maintenance of servers. The public, individuals, and businesses are largely attracted to public cloud infrastructures as they provide service scalability and further ease the management workload for in-house IT staff. These factors, collectively, bolster the cloud OSS BSS market growth for the public cloud deployment segment.
OSS solutions help deliver end-to-end services and resource management, which enables service agility and operational efficiency through automation. They also provide zero-touch orchestration for both traditional and digital services, which includes SDN/NFV, IoT, cloud, and 5G, while automating operations across complex hybrid environments. The OSS solutions help service providers to provide faster service and delivery, with improved operational agility and lower total operational costs. Thus, the OSS are increasingly being used to manage enterprise operations, which is fueling the cloud OSS BSS market growth.

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Cloud OSS BSS Market Segmentation:

The cloud OSS BSS market is segmented on the basis of solution, deployment model, enterprise size, industry, and geography. Based on solution, the market is bifurcated into business support system (BSS) and operations support systems (OSS). The market for BSS is further segmented into billing and revenue management, product management, customer management, and others. The market for OSS is subsegmented into network management and orchestration, resource management, analytics and assurance, and service design and fulfilment. Based on deployment model, the cloud OSS BSS market is divided into public cloud, private cloud, and hybrid cloud. Based on enterprise size, the market is bifurcated into small and medium enterprises (SMEs) and large enterprises. Based on industry, the cloud OSS BSS market is segmented into IT and telecom, BFSI, media and entertainment, healthcare, and others.
Based on geography, the cloud OSS BSS market is segmented into North America (US and Canada), Europe (Germany, UK, France, and Rest of Europe), Asia Pacific (India, China, and Rest of APAC), and RoW (MEA and SAM).

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