Press release
Cloud OSS BSS Market Insights: Examining Growth Rate, Market Size, Key Players, and Trends
Cloud OSS BSS Market
What Is The Projected Market Size Of The Global Cloud OSS BSS Market And Its Growth Rate?
The cloud OSS BSS market has experienced a significant growth surge in recent years. Key statistics include:
• Market Value in 2024: $26.5 billion
• Market Value in 2025: $29.32 billion (CAGR of 10.7%)
• Predicted Market Value in 2029: $51.25 billion (CAGR of 15.0%)
This expanding market size is attributed to the telecom network evolution, globalization of telecom operations, increasing demand for real-time data, and the focus on customer experience. Future growth is projected due to digital transformation, regulatory support for telecom innovations, and the rise of subscription-based business models, among others.
What Is Driving The Growth In The Cloud OSS BSS Market?
The uptick in 5G adoption is expected to fuel forward momentum in the cloud OSS BSS market. The evolving 5G technology aims to provide high peak data rates, low latency, better network capacity, and a more consistent user experience. As per GSAcom in 2024, investment in 5G has been made by 585 operators in 175 countries, with 153 operators launching or soft-launching 5G services. Moreover, the number of announced 5G devices surged by over 107% since 2022, signaling that escalating 5G adoption is driving growth in the cloud OSS BSS market.
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Who Are The Key Players Driving Cloud OSS BSS Market Growth?
The major companies steering growth in the cloud OSS BSS market include:
• Huawei Technologies Co. Ltd.
• Optiva Inc.
• International Business Machines Corporation
• NetCracker Technology Corp.
• Nokia Corporation
• Amdocs Limited
• Oracle Corporation
• ZTE Corporation
• Telefonaktiebolaget LM Ericsson
• Hewlett Packard Enterprise Company
• MYCOM OSI Ltd.
• Subex Limited
What Are The Key Trends In The Cloud OSS BSS Market?
The burgeoning Cloud OSS BSS market is characterized by key trends like:
• Migration to cloud-based solutions
• Integration of AI and machine learning
• 5G network rollouts
• Security and compliance
• Service orchestration and automation
• Hybrid and multi-cloud deployments
• Enhanced customer experience management
What Are The Segments Of The Global Cloud OSS BSS Market?
The global Cloud OSS BSS market is categorized based on:
1) Component: Solution, Services
2) Cloud Type: Public Cloud, Private Cloud, Hybrid Cloud
3) Operator Type: Mobile Operator, Fixed Operator
4) Organization Size: Large Enterprises, SMEs
5) Industry Vertical: IT and Telecom, BFSI, Media and Entertainment, Retail and E-commerce, Other Industrial Verticals
Which Region Leads The Cloud OSS BSS Market?
North America was the largest region in the cloud OSS BSS market in 2024. However, Asia-Pacific is foreseen as the fastest-growing region during the forecast period. The report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Cloud OSS BSS Market Global Market Report?
• Market Size Analysis: Analyze the Cloud OSS BSS Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Cloud OSS BSS Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Cloud OSS BSS Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Cloud OSS BSS Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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