Future of Telecom Management : OSS and BSS Market to Reach $66.2 Billion by 2033

Allied Market Research published a report, titled, "OSS And BSS Market by Component (Solution and Services), Solution Type (Network Planning and Design, Service Delivery, Service Fulfillment, Service Assurance, Customer and Product Management, Billing and Revenue Management, Network Performance Management, and Others), Deployment Mode (On-premise and Cloud), Organization Size (Small and Medium-sized Enterprises, and Large Enterprises), Industry Vertical (IT and Telecom, BFSI, Media and Entertainment, Retail and E-commerce, and Others), and Type (OSS and BSS): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the "OSS and BSS market" was valued at $19.2 billion in 2023, and is estimated to reach $66.2 billion by 2033, growing at a CAGR of 13.5% from 2024 to 2033.

𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/3042

The solution segment to maintain its leadership status during the forecast period

By component, the solution segment held the highest market share in 2023, accounting for about two-thirds of the OSS & BSS market revenue, and is estimated to maintain its leadership status during the forecast period, owing to the significant development of the telecommunication industry, along with the emerging demand of business-to-business support systems.

The on-premise segment to maintain its lead position during the forecast period

By deployment mode, the on-premise segment accounted for the largest share in 2023, contributing to nearly one-fourth of the OSS & BSS market revenue, due to the operators can scale their on-premise infrastructure according to their specific growth plans and operational needs, allowing them to manage and optimize resources, perform maintenance.

The network planning & design segment to maintain its leadership status during the forecast period

By solution type, the network planning & design segment held the highest market share in 2023, accounting for more than two-thirds of the OSS & BSS market revenue, and is estimated to maintain its leadership status throughout the forecast period, owing to the advent of 5G technology creating a new level of network performance, along with the growing usage of new technologies in telecom infrastructure.

The large enterprises segment to maintain its leadership status during the forecast period

By organization size, the large enterprise's segment held the highest market share in 2023, accounting for about two-thirds of the OSS & BSS market revenue, and is estimated to maintain its leadership status throughout the forecast period, owing to the growing demand from financial institutes and communication service providers (CSPs), along with the surging demand for widespread network components across large enterprises.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/OSS-BSS-software-market/purchase-options

The IT & telecom segment to maintain its leadership status during the forecast period

By industry vertical, the IT & telecom segment held the highest market share in 2023, accounting for more than two-thirds of the OSS & BSS market revenue, and is estimated to maintain its leadership status throughout the forecast period, owing to the growing need for telecom operators to monetize their networks with next-generation OSS & BSS, along with the need to improve customer experience across telecom infrastructure.

The OSS segment to maintain its lead position during the forecast period

By type, the OSS segment accounted for the largest share in 2023, contributing to nearly one-fourth of the global OSS & BSS market revenue, due to the rising need to handle the network complexities in new deployments of 5G networks, along with the growing focus on real-time network monitoring and performance management.

North America to maintain its dominance by 2033

By region, North America held the highest market share in terms of revenue in 2022, accounting for nearly one-third of the OSS & BSS market revenue, owing to increasing technological advancements such as using artificial intelligence and machine learning have made OSS & BSS systems to predict and prevent network failures.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

Amdocs Group
Capgemini SA
Cisco Systems, Inc.
Comarch SA
Hewlett Packard Enterprise Development LP
Huawei Technologies Co., Ltd.
Infovista SAS
Nokia Corporation
Telefonaktiebolaget LM Ericsson

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/3042

The report provides a detailed analysis of these key players in the OSS & BSS market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.