Cloud OSS BSS Market to Surpass USD 58.94 Billion by 2030 | Need for Operational and Business Efficiency in the Telecom Sector

Addressing the Evolving Landscape of Telecom Operations and Business Support, requirements for operational and business efficiency within the telecom sector, revolutionizing how networks are managed and customer-centric services are delivered.

The Cloud OSS BSS market continues its upward trajectory, poised to reach a significant milestone of USD 58.94 billion by 2030, fueled by a robust compound annual growth rate (CAGR) of 12.92%. The latest report from SNS Insider reveals that the Cloud OSS BSS Market stood at USD 22.3 billion in 2022. Projections foresee a substantial expansion, catapulting the market to nearly triple its value over the coming decade, showcasing a remarkable growth trajectory.

Market Report Scope:

Cloud OSS BSS, encompassing operational and business support systems, acts as the backbone providing critical network and customer data for seamless back-office operations. This convergence of systems not only streamlines operations but also facilitates the maintenance of customer activities using internet-based support. The rising utilization of convergent billing systems is expected to drive the demand further, reshaping the landscape of telecom operations.

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Key Players:

The major players are IBM Corporation, Nokia Corporation, Telefonaktiebolaget Lm Ericsson, Oracle, Amdocs Limited, Knot Solutions, Bill Perfect, Huawei Technologies Co., Ltd., NMSWorks Software, STL, Infovista, Hughes, Hewlett Packard Enterprise Company, Netcracker, Optiva Inc., ZTE Corporation, Comarch, and others in the final report.

Market Analysis:

The shift towards cloud-native OSS and BSS built on micro applications offers unparalleled agility in creating personalized customer experiences, enhancing retention rates, and boosting revenues. However, despite the burgeoning demand, challenges related to technical proficiency in implementing cloud-native solutions hinder market growth. The growth is primarily driven by the essential requirement for operational and business efficiency within the telecom sector, revolutionizing how networks are managed and customer-centric services are delivered.

Segment Analysis:

Large enterprises dominate the Cloud OSS BSS market owing to strategic partnerships that provide access to diverse expertise and technologies. In the industry verticals segment, IT & telecommunications take the lead due to streamlined operations, automation, and agile service provisioning enabled by efficient OSS/BSS solutions.

Market Segmentation and Sub-Segmentation Included Are:

By Component:
• Solution
• Services

By Operator Type:
• Mobile Operator
• Fixed Operator

By Cloud Type:
• Public Cloud
• Private Cloud
• Hybrid Cloud

By Organization Size:
• Large enterprises
• SMEs

By Industry Vertical:
• IT and Telecom
• BFSI
• Media and Entertainment
• Retail and E-Commerce
• Others

Key Regional Development:

North America currently leads the global OSS/BSS market due to its dynamic business landscape, emphasizing innovation and adaptability. Asia Pacific, on the other hand, anticipates the highest growth rate, driven by rapid industrial development and a keen adoption of cloud and related technologies.

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Key Takeaways from the Cloud OSS BSS Market Study:

• Large enterprises capitalize on partnerships, driving market growth.
• Efficiency-driven solutions in IT & telecommunications steer market dominance.
• North America leads due to its tech-forward approach, while Asia Pacific gears up for significant growth.

Recent Developments:

• In August 2023, Calix, Inc. introduced significant improvements to Calix Operations Cloud, aimed at revolutionizing broadband operations for superior subscriber experiences.
• The partnership between Juniper Networks and ServiceNow in March 2023 focuses on comprehensive automation, seamlessly integrating into OSS/BSS systems for swift network and service implementations.

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Table of Contents:

1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1. COVID-19 Impact Analysis
4.2. Impact of Ukraine- Russia war
4.3. Impact of Ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 Forces Model
7. PEST Analysis
8. Cloud OSS BSS Market Segmentation, By Component
9. Cloud OSS BSS Market Segmentation, By Operator Type
10. Cloud OSS BSS Market Segmentation, By Cloud Type
11. Cloud OSS BSS Market Segmentation, By Organization Size
12. Cloud OSS BSS Market Segmentation, By Industry Vertical
13. Regional Analysis
14. Company Profile
15. Competitive Landscape
16. USE Cases and Best Practices
17. Conclusion

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