OSS & BSS Market Is Estimated To Develop at A Substantial CAGR for the duration of the prediction 2027

According to the report published by Allied Market Research, the global OSS and BSS market was estimated at $36.85 billion in 2019, and is expected to hit $102.14 billion by 2027, registering a CAGR of 13.7% from 2020 to 2027.The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

The global OSS & BSS market is experiencing significant growth, driven by various factors. The increasing demand for cloud OSS/BSS is a key contributor, as it offers benefits such as flexibility, cost-effectiveness, and technology support for business optimization. Communication service providers (CSPs) prioritizing investments in network upgrades over OSS/BSS transformations and the surge in data consumption due to the COVID-19 pandemic further contribute to this growth.

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Major players launching innovative solutions to gain a competitive advantage, along with the need for lower operational expenses and enhanced customer experiences, are also fueling market expansion. However, challenges in integrating future OSS/BSS systems into existing ones may pose some hindrance.

An Operation Support System (OSS) is a software designed for overseeing operating systems or communication networks, playing a role in tasks like network planning and maintaining inventories of network-connected devices such as computers, routers, and servers. In contrast, a Business Support System (BSS) is geared towards supporting and automating essential business activities and management functions, encompassing areas like product, customer, revenue, and order management. Additionally, BSS provides insights into customer relationships, payment orders, and new subscriptions. Recognizing the distinct and specialized functionalities offered by OSS and BSS, numerous organizations are increasingly integrating both tools to efficiently manage diverse aspects of their business operations.

On the flip side, the complexities arising from the 5G and Internet of Things (IoT) technologies in the communication network ecosystem present lucrative opportunities for market growth. Additionally, the adoption of next-generation operations support systems (NGOSS) to enhance traditional OSS is expected to be opportunistic during the forecast period.

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In 2019, the solution segment dominated the global OSS & BSS market share and is projected to maintain its dominance. The evolution of the telecommunications industry globally is a driving force behind the demand for operations support systems (OSS) solutions. While the services segment is anticipated to witness the highest growth, the on-premise deployment mode exhibited the highest growth in 2019 and is expected to continue dominating. The ready infrastructure supporting on-premise solutions for telecom companies is likely to fuel widespread adoption. Nevertheless, the cloud segment is poised for the highest growth, driven by the increased adoption of cloud-enabled models by BSS and OSS vendors, leveraging virtualized and modern data center infrastructure for scalability.

Impact of Covid-19 scenario on OSS and BSS Market:

• The outbreak of covid-19 led to increase in the trend of work-from-home practice, distance learning, and videoconferencing across the globe. Accordingly, it has augmented the demand for strong broadband connection from consumers, which in turn has impacted the global OSS and BSS market positively.

• Telecom operators, at the same time, have also elevated their BSA/OSS solutions to cater to the rising demand from individuals.

Based on solution type, the network planning & design segment accounted for nearly one-fourth of the total market revenue in 2019 and is expected to dominate by the end of 2027. The customer & product management segment, on the other hand, would portray the fastest CAGR of 20.7% throughout the forecast period.

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Based on geography, North America generated the major share in 2019, garnering around two-fifths of the global market. At the same time, the market across Asia-Pacific would exhibit the fastest CAGR of 19.3% from 2020 to 2027. The other two provinces studied in the report include Europe and LAMEA.

The key market players analyzed in the global OSS and BSS market report include ASCOM, Cisco System Inc., Comarch S.A, AMDOCS, LM Ericsson Telephone Company, Nokia Corporation, Computaris, Mycom OSI, Netcracker, Capgemini, HPE, Huawei Corporation, and Sunvizion. These market players have taken recourse to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.

Stakeholders stand to gain several key advantages from this study:

• Comprehensive OSS & BSS market analysis, trends, and future predictions are provided, aiding in identifying potential investment opportunities.

• The report furnishes insights into critical drivers, constraints, and opportunities within the OSS & BSS market.

• Quantitative analysis of the OSS & BSS market size from 2019 to 2027 offers a clear understanding of the industry's financial landscape.

• Porter's five forces analysis is employed to depict the influence of buyers and suppliers in the OSS & BSS market.

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