Soaring Demand Set to Propel Cloud OSS BSS Market to $51.25 Billion by 2029

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What Is the Expected CAGR for the Cloud OSS BSS Market Through 2025?
The market size for cloud OSS BSS has seen significant expansion in the recent years. Its growth is anticipated to rise from $26.5 billion in 2024 to $29.32 billion in 2025, with a compound annual growth rate (CAGR) of 10.7%. Factors attributing to the growth in the historic period include the evolution of telecom networks, a growing subscriber base, market competition and innovation, the need for instantaneous data, the internationalization of telecom operations, emphasis on customer experience, and concerns about data privacy and adherence to regulations.

What's the Projected Size of the Global Cloud OSS BSS Market by 2029?
A substantial expansion is predicted in the cloud OSS BSS market in the coming years, with an estimation to reach $51.25 billion by 2029, having a compound annual growth rate (CAGR) of 15.0%. This projected growth is credited to various factors such as concerns over cybersecurity, digitization initiatives, subscription-led business models, convergence of telecom networks, a focus on operational efficiency, and regulatory endorsement for telecom advancements. Key trends anticipated in this forecast period encompass migration to cloud-based solutions, the incorporation of AI and machine learning, deployment of 5g networks, security and compliance aspects, service orchestration and automation, hybrid and multi-cloud deployments, and customer experience management.

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Top Growth Drivers in the Cloud OSS BSS Industry: What's Accelerating the Market?
The growth of the cloud OSS BSS market is predicted to be driven by the increased adoption of 5G technology. The fifth-generation mobile network, also known as 5G, is a wireless technology designed to provide more users with higher peak data rates in the range of several gigabits per second (Gbps), extremely low latency, improved stability, enormous network capacity, and a more uniform user experience. The myriad of use cases provided by 5G enables service providers to necessitate the automation of both the front-end and back-end of the OSS/BSS infrastructure. For example, according to GSAcom-a UK-based non-profit organization representing companies in the mobile ecosystem-in May 2024, there were 585 operators in 175 countries and territories investing in 5G, with investments made in the form of trials, license acquisitions, planning, network deployment, and launches by the end of March 2024. Over 48% of these were from 153 operators in 71 countries and territories launching or soft-launching 5G fixed wireless access services based on 3GPP standards. The number of announced 5G devices increased by over 107% since 2022 began, with 2,601 devices being catalogued in 2024. Therefore, it's evident that the increased uptake of 5G fuels the growth of the cloud OSS BSS market.

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What Trends Will Shape the Cloud OSS BSS Market Through 2029 and Beyond?
Leading enterprises in the cloud OSS BSS market focus on innovating with advanced technologies like AI-based analytics and automation solutions. This is done to improve operational efficiency and customer experiences in telecom services. An integrated platform, the Telecom Data Cloud, enables telecom service providers to safely handle and assess data in real-time. This aids in boosting teamwork across diverse business departments, fueling innovation and amplifying operational efficiency. For example, Snowflake Inc., a US cloud data platform firm, introduced the Telecom Data Cloud in February 2023. This platform combines Snowflake's data platform, solutions provided by Snowflake and its partners, as well as industry-specific datasets. Telecom Data Cloud aids telecom service providers in dismantling data barriers within corporations and throughout the industry. This facilitates swift and secure data access in nearly real-time. Organizations can enrich this data with Machine Learning (ML) models and then distribute and scrutinize it to facilitate informed decision-making.

What Are the Main Segments in the Cloud OSS BSS Market?
The cloud OSS BSS market covered in this report is segmented -

1) By Component: Solution, Services
2) By Cloud Type: Public Cloud, Private Cloud, Hybrid Cloud
3) By Operator Type: Mobile Operator, Fixed Operator
4) By Organization Size: Large enterprises, SMEs
5) By Industry Vertical: IT And Telecom, BFSI, Media And Entertainment, Retail And E Commerce, Other Industrial Verticals

Subsegments:
1) By Solution: Billing And Revenue Management, Customer Relationship Management (CRM), Order Management, Service Assurance, Network Management, Analytics And Reporting
2) By Services: Consulting Services, Implementation Services, Managed Services, Support And Maintenance, Training And Education

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Which Top Companies are Driving Growth in the Cloud OSS BSS Market?
Major companies operating in the cloud OSS BSS market are 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., accenture* PLC, Subex Limited, Comviva Technologies Limited, TEOCO Corporation, MDS Global Ltd., Sigma Systems Canada LP (A Hansen Technologies Company), Cerillion PLC, TIBCO Software Inc., Sterlite Technologies Limited, Alepo Technologies Inc., MATRIXX Software Inc., Telarix Inc., DigitalRoute AB, UXP Systems Inc., Viavi Solutions Inc., Aricent Inc., BearingPoint Holding B.V.

Which Regions Will Dominate the Cloud OSS BSS Market Through 2029?
North America was the largest region in the cloud OSS BSS market in 2024. Asia-Pacific is expected to be the fastest-growing region in the cloud OSS BSS market report forecast period. The regions covered in the cloud OSS BSS market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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