openPR Logo
Press release

OSS BSS System and Platform Market: Increasing Adoption of Convergent Billing Systems Spurs Demand OSS BSS Solutions

06-21-2017 06:04 PM CET | IT, New Media & Software

Press release from: TMR - Research Reports

OSS BSS System and Platform Market

OSS BSS System and Platform Market

The global OSS BSS system and platform market is poised for strong growth in the coming years, driven mainly by the expansive telecommunication sector. The rising adoption of convergent billing systems and the growing demand for customer care services are also anticipated to significantly contribute to the OSS BSS system and platform market.

The opportunity presented by this market was pegged at US$29.11 bn in 2015 and is slated to advance at a CAGR of 10.5% from 2016 to 2024, to attain a market size of US$70.97 bn by the end of the forecast period.

Curbing the widespread adoption of OSS BSS systems and platforms are regulatory issues and difficulties in integrating them with existing systems. However, the roll-out of the new-generation operation systems and software (NGOSS) framework is expected to provide immense potential for growth to the players of OSS BSS system and platform market.

Obtain Report Details @
http://www.transparencymarketresearch.com/ossbss-market.html

Within the OSS market, the service assurance segment is expected to dominate the global market by 2024, followed by the service fulfillment solutions segment. The dominance of these services is attributed to the surging demand for consistent high-speed connectivity in Europe and North America. Moreover, several telecommunication regulators across the globe have formulated certain standards to comply with quality of service (QoS), which further propels these two segments.

The network monitoring and network designing segments, on the other hand, have been witnessing a rise in demand across the Asia Pacific, Middle East and Africa, and South America regions. This demand is attributed to escalating communications infrastructure across developing regions. The roll-out of augmented networks in Asia Pacific is expected to further propel the OSS market to expand at a strong CAGR of 10.7% from 2016 to 2024.

The BSS market was primarily led by the customer management solutions segment in 2015. However, revenue management is expected to surpass the market share of customer management solutions by the end of the forecast period. This development is mainly attributed to a decreasing average revenue per user (ARPU) and growing investments in communication infrastructures across major developing countries.

This 205-page report gives readers a comprehensive overview of the OSS BSS System and Platform Market. Browse to unlock the hidden opportunities in this market@
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1402

North America was identified as the leading OSS BSS system and platform market, holding approximately one-third of the global market revenue in 2015. The growing number of telecom providers and mobile network operators in North America is seen as the prime factor driving the demand for OSS BSS solutions. In North America, the industrial scenario is mainly adjudged by the overall growth in the telecom and IT domain. Furthermore, favorable government regulations have strengthened the North America OSS BSS system and platform market.

Asia Pacific is expected to witness high growth in terms of revenue during the forecast period owing to factors such as the rising demand for mobile internet, the falling ARPU for voice, intense competition, and an increased degree of convergence, necessitating the need for operational efficiency and innovation.

The growing number of subscribers and the rising demand for augmented services such as revenue and billing management have raised the prospects for OSS/BSS systems and platforms across the European telecommunication sector.

Leading players in the global OSS BSS system and platform market include Accenture Plc, Telefonaktiebolaget LM Ericsson, IBM Corporation, Amdocs Ltd., Tata Consultancy Services Limited, CSG Systems International, Inc., Oracle Corporation, and Hewlett-Packard Company.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release OSS BSS System and Platform Market: Increasing Adoption of Convergent Billing Systems Spurs Demand OSS BSS Solutions here

News-ID: 590549 • Views:

More Releases from TMR - Research Reports

Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2024
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1.07 Billion by 2024
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million by 2024
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment

All 5 Releases


More Releases for OSS

OSS/BSS Market Industry Analysis - OSS/BSS Market Size Driven by Recent Developm …
The most recent study offered by Acumen Research and Consulting focuses OSS/BSS Market size, share, growth rate, and market trends, as well as the parameters and factors influencing it in both the long term and short term. The report investigates the OSS/BSS Market trends in order to assess its current and future potential. Our OSS/BSS Market analysis also provides market participants and new entrants with a comprehensive view of the
OSS/BSS Market in OSS Solutions Segment is Projected to Account Highest Industry …
The OSS solutions segment holds a majority share accounting for nearly 50% of the OSS/BSS market in 2017 and is expected to hold a dominant share throughout the forecast timeline. The growing need among telecom service providers to outsource the operation support services is the primary factor driving the market. In this segment, the inventory management segment is estimated to hold a major share of over 40% by 2024 due
OSS BSS System and Platform Market - Service Assurance Solutions to Retain Domin …
The global operation support system (OSS) and business support system (BSS) system and platform market is poised to witness lucrative growth opportunity in the forthcoming years, according to Transparency Market Research (TMR). The report states that the top five market players hold approximately 40% of the overall market share in 2015, indicating towards a highly fragmented landscape. The prominent vendors in the global OSS BSS system and platform market are
OSS BSS software Market: Highlighting New Strategic Objectives, Increased Adopti …
Operations support systems (OSS) refers to specialized software through which a telecom network supports different components within the system such as network operations, service management, and provisioning services. Business support systems (BSS) refers to software that handles tasks such as customer support processes, billing services, order management, and fraud management. Research analysts forecast the global OSS BSS software market to grow at a CAGR of 14.59% during the period 2017-2021. Covered in
OSS/BSS Market - Rising Demand for Converged Billing to Aid Implementation of OS …
According to Transparency Market Research, the global OSS/BSS market is dominated by Ericsson, Accenture, and Amdocs, who collectively accounted for 27.9% of the market in 2012. Beyond these three, however, the next seven companies collectively accounted for around 22% of the market, and the degree of fragmentation is even higher beyond the top ten key players. Overall, the global OSS/BSS market is moderately fragmented and includes several small-scale producers. Industry
Kabel Deutschland Upgrades its OSS Capabilities with Comarch OSS Solutions
Comarch helps Kabel Deutschland build a consolidated OSS landscape embedded into a next practice approach to network plan, build and run to support its growing network infrastructure and a developing service portfolio. Krakow – February 14th, 2013 - Comarch, a global software house and system integrator, has just signed an agreement with Kabel Deutschland, Germany’s largest cable operator, for the optimization of network and service management processes. Cable operators currently have