OSS BSS System and Platform Market, By Component Outlook (Solution, Services), By Oss Solution Type, (Network Planning and Design, Service Delivery, Service Fulfillment, Service Assurance, Billing and Revenue Management, Network Performance Management, Customer and Product Management, Others), By Deployment Mode, (On-premise, Cloud), By Organization Size, (Small and Medium-sized Enterprises, Large Enterprises), By Industry Vertical, IT and Telecom, BFSI, Media and Entertainment, Retail and E-Commerce, Others), By Region – Global Analysis Forecast Till 2030

OSS BSS system and Platform market accounted for US$ 40.12 Bn in 2020 and is expected to cross the value of US$ 126.12 at a CAGR of 11.9% from 2021 to 2030

The OSS and BSS solution provides data such as network performance information and network availability, enabling operators to actively manage their networks and systems to provide a positive user experience. OSS and BSS systems are traditionally used by network planners, operations, architects, support, service architects, and engineering teams of service providers. Functions of OSS and BSS systems include customer activation (fulfillment), error and performance management (warranty), inventory/asset/configuration management, and network security. The data generated by OSS is an important input for overall capital expenditures (CAPEX) and operating expenses (OPEX) planning and is often essential for budgeting that includes infrastructure expenditures.

Market Dynamics:

Drivers and Restraints:

The growth of the global OSS and BSS market is driven by factors such as increasing demand for cloud OSS/BSS due to its combined benefits such as flexibility, cost-effectiveness, and technologies that enable business optimization. Priority investment by CSPs in network upgrades over OSS/BSS conversion; The exponential increase in data consumption due to the COVID-19 pandemic. In addition, the surge in the need to reduce operating costs and improve customer experience and the launches of innovative solutions by major players to gain a competitive edge fuel the oss bss system and platform market growth.

However, difficulties in integrating future OSS/BSS systems into existing systems may hamper the market growth. Conversely, the increasing complexity of the telecom network ecosystem due to 5G and Internet of Things (IoT) technologies is expected to provide lucrative opportunities for market growth. Additionally, increasing the adoption of next-generation OSS and BSS (NGOSS) to improve existing OSS is expected to provide opportunities for the growth of the OSS and BSS market during the forecast period.

Demand for easy-to-use and advanced OSS BSS solutions has increased. OSS BSS providers have many backend processes that need to be properly managed. As a result, businesses are looking for OSS BSS solutions that are comprehensive and easy to operate. The telecommunications industry's competitive landscape and business environment are evolving rapidly. Innovative technologies, especially 5G, act as catalysts for further disruption, creating opportunities to deliver value-added services. Organizations are adapting their business support systems to increase proficiency in backend operations.

Key players:

• Accenture Inc.

• Amdocs Inc.

• Infovista S.A.S.

• Capgemini Se

• Cisco Systems, Inc.

• Comarch Sa

• Computeris

• Hewlett Packard Enterprise Company

• Huawei Technologies Co., Ltd.

• Lm Ericsson Telephone Company

• Mycom Osi.

• Net Cracker

• Nokia Corporation

• Sunvizion.

Market Segmentation:

OSS BSS System and Platform Market, By Component

• • Solution

  • Services

By OSS BSS System and Platform Market Solution Type

• • Network Planning and Design

  • Service Delivery

  • Service Fulfillment

  • Service Assurance

  • Billing and Revenue Management

  • Network Performance Management

  • Customer and Product Management

  • Others

OSS BSS System and Platform Market, By Deployment Mode

• • On-premise

  • Cloud

OSS BSS System and Platform Market, By Organization Size

• • Small- and Medium-sized Enterprises

  • Large Enterprises

OSS BSS System and Platform Market, By Industry Vertical

• • IT and Telecom

  • BFSI

  • Media and Entertainment

  • Retail and E-Commerce

  • Others

OSS BSS System and Platform Market, By Geography

• • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • Rest of Asia-Pacific

  • LAMEA

    • Latin America

    • Middle East

    • Africa

Regional Analysis:

North America dominated the OSS and BSS market in 2019. This is because the proliferation of mobile network operators and carriers in the region has increased the demand for OSS and BSS (OSS)/Business Support Systems (BSS) and platforms. Additionally, CSPs in the region are adopting different strategies to upgrade their existing OSS and BSS, driving the market growth.

However, Asia Pacific is expected to witness the highest growth rate during the forecast period, owing to factors such as increasing mobile data traffic, fierce competition among telecom operators, and declining average revenue per user (ARPU). operational efficiency.

Scope of the Report:

User

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