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Increasing Adoption Of Cloud-Based Services Fueling The Growth Of The Market Amid Rising Digital Transformation And Scalable IT Demand: A Key Catalyst Accelerating Global 5G Operations Support System (OSS) Or Business Support System (BSS) Market Growth in
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the 5G Operations Support System (OSS) Or Business Support System (BSS) Industry Market Size Be by 2025?
The market size for the 5G operations support system (oss) or business support system (bss) has seen a swift rise in the recent past. There's a projected growth from $99.83 billion in 2024 that is expected to reach $114.03 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 14.2%. This surge during the historical period can be credited to factors such as the increasing uptake of 5G, a growing inclination towards digital technologies, an amplified focus on customer experience management, increasing digitization, and the mounting endorsement of cloud-based services.
What's the Long-Term Growth Forecast for the 5G Operations Support System (OSS) Or Business Support System (BSS) Market Size Through 2029?
The market size of the 5G operations support system (oss) or business support system (bss) is anticipated to experience significant expansion in the upcoming years, reaching $194.23 billion by 2029 with a compound annual growth rate (CAGR) of 14.2%. This escalation during the predicted period is due to the surge in the necessity for data-centric decision-making processes, the requirement for rapid network links, an increase in demand for advanced analytics, the escalating popularity of mobile devices, and the proliferation of digital transformation endeavors. Noteworthy trends expected during the forecast period encompass a shift in preference towards digitalization, the assimilation of artificial intelligence (AI), the progression of AI and machine learning technologies, a pivot towards SaaS-based solutions, tactical collaborations between companies, and evolutionary technological advancements.
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What Are the Key Growth Drivers Fueling the 5G Operations Support System (OSS) Or Business Support System (BSS) Market Expansion?
The growth of the 5G operations support system (OSS) or business support system (BSS) market is predicted to be fueled by the rising usage of cloud-based services. These services, which encompass computing resources like storage, servers, databases, networking, and software, are provided via the internet rather than being hosted on local infrastructure. An upsurge in digital transformation, need for scalable IT infrastructure, cost effectiveness, and increased usage of remote work and AI-focused applications have led to a rise in the adoption of these cloud-based services. By enabling seamless network automation, real-time data management, and scalable infrastructure, 5G operations support system (OSS) or business support system (BSS) amplifies the efficiency of cloud-based services, assuring improved performance and effective service provision in the 5G ecosystem. For instance, a global survey of 753 technical and business professionals by American digital transformation service provider AAG IT Support Service in January 2025 revealed a rise in extensive usage of cloud services to 63%, a growth from 59% in 2021. This escalating usage of cloud-based services spurs the expansion of the 5G operations support system (OSS) or business support system (BSS) market.
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What Are the Key Trends Driving 5G Operations Support System (OSS) Or Business Support System (BSS) Market Growth?
Prominent players in the 5G operations support system (OSS) or business support system (BSS) market are focusing on the development of new technologies such as multi-cloud environments with the aim of enhancing network agility, improving scalability, and facilitating seamless integration across mixed cloud infrastructures. This ensures efficient service management and optimum performance in the 5G sphere. A multi-cloud environment involves utilizing multiple cloud computing platforms, including public, private, or mixed clouds, to share workloads, enhance flexibility and optimize performance. For instance, in February 2024, Telefonaktiebolaget LM Ericsson, a Sweden-based telecom company, launched a new set of service orchestration and assurance products and capabilities to bolster communication service providers (CSPs). The solution, powered by AI-driven automation, enhances real-time network optimisation, ensuring smooth service delivery and decreased operational challenges. It also supports multi-cloud environments, enabling CSPs to deploy services across mixed cloud infrastructures, thereby increasing scalability and flexibility. The platform comes with predictive analytics and automated fault detection, facilitating proactive issue resolution and upgraded service dependability.
How Is the 5G Operations Support System (OSS) Or Business Support System (BSS) Market Segmented?
The 5G operations support system (oss) or business support system (bss)market covered in this report is segmented -
1) By Deployment Mode: On-premises, Cloud
2) By Application: Internet Of Things, Mobile Virtual Network Enabler (MVNE) Or Mobile Virtual Network Operator (MVNO)
3) By Industry Vertical: Information Technology (IT) And Telecommunications, Banking, Financial Services, And Insurance (BFSI), Media and Entertainment, Retail And E-Commerce, Other Industry Verticals
Subsegments:
1) By On-premises: Single-Tenant On-Premises, Multi-Tenant On-Premises, Hybrid On-Premises Solutions
2) By Cloud: Public Cloud, Private Cloud, Hybrid Cloud, Multi-Cloud
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Which Companies Are Leading the Charge in 5G Operations Support System (OSS) Or Business Support System (BSS) Market Innovation?
Major companies operating in the 5G operations support system (oss) or business support system (bss) market are Samsung Electronics Co. Ltd., ZTE Corporation, Huawei Technologies Co. Ltd., accenture* plc, Cisco Systems Inc., Oracle Corporation, Tata Consultancy Services Limited, Fujitsu Limited, Telefonaktiebolaget LM Ericsson, Nokia Corporation, Tech Mahindra Limited, Juniper Networks Inc., Amdocs Limited, Ciena Corporation, Mavenir Systems Inc., Comarch S.A., Hansen Technologies Limited, Optiva Inc., Cerillion plc, Netcracker Technology Corporation, Subex Limited
Which Regions Are Leading the Global 5G Operations Support System (OSS) Or Business Support System (BSS) Market in Revenue?
North America was the largest region in the 5G operations support system (OSS) or business support system (BSS) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 5G operations support system (oss) or business support system (bss) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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