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Cloud OSS BSS Market Size Worth USD 62.61 Billion in 2033 | Emergen Research
Cloud OSS BSS Market
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Key Market Drivers: Enhancing Efficiency and Reducing Costs
Cloud OSS BSS solutions offer a range of advantages, including cost reduction, enhanced operational agility, real-time updates, and improved analytics. Communication Service Providers (CSPs) increasingly adopt these systems to manage their complex operations more efficiently while keeping expenses in check.
For example, Optiva Inc., a leader in cloud-native revenue management software, recently launched the MVNx Fast Track program in private and public clouds. This innovation allows telecom operators to benefit from flexibility, scalability, and automation while streamlining end-to-end operations.
Additionally, cloud solutions provide telecom providers with the tools to track operational expenses (OPEX) more effectively, enabling better resource management and enhanced service delivery.
Barriers to Growth: Privacy and Security Concerns
Despite its potential, the cloud OSS BSS market faces challenges, particularly regarding data privacy and security. With the increasing volume of online transactions and subscriber data in the telecom sector, concerns over the protection of sensitive information have grown.
Consumers remain cautious about sharing financial and personal data, which can impact the adoption of cloud-based solutions. CSPs must address these concerns by implementing robust cybersecurity measures and ensuring compliance with data privacy regulations.
Future Outlook: Strong Growth Amid Rising Demand for 5G and IoT Solutions
The cloud OSS BSS market is projected to grow at a strong compound annual growth rate (CAGR) during the forecast period, fueled by increasing adoption in emerging technologies like 5G, IoT, and edge computing. Recent innovations, such as Amdocs' CES 21, a 5G-native integrated OSS-BSS suite, highlight how cloud-based solutions are enabling telecom operators to monetize next-generation services and remain competitive.
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Market Segmentation Insights: BSS and Professional Services Lead the Way
The market is segmented into solutions, including OSS and BSS, and services, such as professional and managed services.
BSS Solutions are integral for managing business operations, including marketing, sales, and product delivery. Cloud-native BSS systems are particularly effective in enhancing scalability and creating new revenue streams.
Professional Services are growing at the fastest rate, driven by the increasing need for expertise in integration, migration, and customization of cloud-based systems. These services help CSPs and network operators ensure optimal performance, cybersecurity, and compliance.
Cloud OSS BSS Top Companies and Competitive Landscape
Major telecom and cloud technology companies that provide cutting-edge solutions are driving the fiercely competitive cloud OSS (Operations Support Systems) and BSS (Business Support Systems) market. The leading providers of scalable, adaptable cloud-native OSS/BSS systems to satisfy the changing demands of telecom operators include Ericsson, Amdocs, Huawei, Oracle, and Netcracker.
Vendors are concentrating on automation, AI-driven analytics, and improving the user experience as 5G, IoT, and digital services gain traction. Companies frequently engage in strategic alliances, mergers, and acquisitions in an effort to broaden their geographic reach and service offerings, which exacerbates competitiveness in this quickly changing industry.
In March 2022, Netcracker and Deutsche Telekom collaborated to automate B2B services of Deutsche Telekom across software-defined LAN, WAN, WI-FI environment.
Some of the key companies in the global Cloud OSS BSS market include:
AMDOCS
Ericsson
Huawei
Netcracker
Oracle
HPE
Optiva
Nokia
CSG
ZTE
Comarch
Subex
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Cloud OSS BSS Latest Industry Updates
In February 2022, Ericsson together with Telefónica, and Samsung, developed a solution for 5G interactive calling, based on IMS data channel standard and Ericsson Cloud IMS network.
In January 2022, Oracle decided to scale up its converged charging to support 100 million subscribers. Cloud-Scale Charging is an online and offline charging solution offered under a cloud-scale monetization portfolio.
Cloud OSS BSS Market Segmentation Analysis
Component Outlook (Revenue, USD Billion; 2020-2033)
Solution
OSS
BSS
Services
Professional Services
Managed Services
Cloud Type Outlook (Revenue, USD Billion; 2020-2033)
Public Cloud
Private Cloud
Hybrid Cloud
Operator Type Outlook (Revenue, USD Billion; 2020-2033)
Mobile Operator
Fixed Operator
Organization Size Outlook (Revenue, USD Billion; 2020-2033)
Large Enterprises
SMEs
Geography Outlook (Revenue, USD Billion; 2020-2033)
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Benelux
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
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Cloud OSS BSS Market Size@ https://www.emergenresearch.com/industry-report/cloud-oss-bss-market/market-size
Cloud OSS BSS Market Share@ https://www.emergenresearch.com/industry-report/cloud-oss-bss-market/market-share
Cloud OSS BSS Market Trends@ https://www.emergenresearch.com/industry-report/cloud-oss-bss-market/market-trends
Cloud OSS BSS Regional Market Demand@ https://www.emergenresearch.com/industry-report/cloud-oss-bss-market/regional-market-demand
Cloud OSS BSS Market Analysis@ https://www.emergenresearch.com/industry-report/cloud-oss-bss-market/market-analysis
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