Global Next Generation OSS and BSS Market Recent Trends, Growth Driving Factors, Challenges, Opportunities, Strategies, Recent Developments, Product Segments, and Growth Forecast 2019 – 2028
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May 2023
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“Global Next Generation OSS and BSS Market Trends, Analysis, Applications, Growth Rate, and global Forecast till 2028” is an upcoming study report by analysts at MarketResearch.biz. The next generation OSS and BSS market has been bifurcated on the basis of architecture type, network type, organization size, and region & country.
Next Generation OSS (Operation Support System) and BSS (Business Support System): Overview
The next generation OSS is a set of computer programs which is used by communication service providers for controlling, managing, monitoring and analyzing network and telephone systems; whereas, next generation BSS supports end-to-end telecom services. Communication service providers are looking forward to giving best services to customers and for this Telecom operators are investing money into next generation OSS due to its potential to transform the business process of communication service providers.
Dynamics: Next Generation OSS and BSS Market
Growing demand and adoption of cloud-based systems such as OSS and BSS and increasing adoption of customized cloud-based OSS BSS solutions and services as per individual requirements is a key factor driving market growth. Due to rising usage of convergent billing, consumer service providers are focusing to enhance customer experience. Convergent billing is an integration of all the service charges included in one single customer invoice and reflects unified view of the customer. Reduction in operational cost is also one more feature driving market growth. Telecom service providers are aiming at developing high-value apps for mobiles and related content in order to offer superior quality services. Increasing penetration of consumer devices such as smartphones and tablets and adoption of high-speed Internet connectivity such as 5G are other major drivers of the target market. Increasing initiatives by government of various countries is a factor that is expected to indirectly have a positive impact on the target market. In 2016 for instance, the Government of the United Kingdom – through National Productivity Investment Fund – announced an investment of US$ 28.9 Mn to be done in 2017, US$ 173.3 Mn in 2018, US$ 317.8 Mn in 2019, and US$ 335.1 Mn in 2020 for development of fiber and 5G infrastructure.
The restraining factor for the next generation OSS market is that the cloud-based BSS can cause security issues to some extent. In addition, Complexities or difficulties in integration of advanced systems with the ongoing legacy system is another factor challenging adoption of the next generation OSS and BSS. Moreover, unfavorable regulatory scenario is hindering market growth.
Segment Analysis
By Architecture Type:
The service assurance and service fulfillment segments are anticipated to record higher revenue shares in the global market as compared to other segments based on architecture type in the OSS (Operation Support System) market. The customer management segment is estimated to account for higher share in terms of value in the business support systems market.
By Organization Size:
The small and medium enterprises segment is anticipated to account for considerable revenue share in the target market. The large scale organization segment is projected to record substantial growth rate over the next 19 years.
Regional Analysis: Next Generation OSS and BSS Market
North America market is anticipated to record major revenue share and is projected to continue dominating over the next 10 years. Smartphones are replacing personal computers and usage of the Internet is inclining. Due to increasing number of subscribers and associated Internet usage there is a huge demand for customer management system services which is expected to fuel market growth in North America. The Asia Pacific (APAC) region is projected to grow rapidly over the 10-year forecast period. Countries such as China and India are widely adopting 4G network technology which will be major factor to boost market in APAC. Moreover, penetration of 5G in certain countries in the region is also anticipated to support OSS and BSS market growth in APAC.
Global Next Generation OSS and BSS Market Segmentation:
Segmentation, by Architecture Type:
- Customer Management
- Revenue Management
- Service Assurance
- Service Fulfilment
- Network Management Systems
Segmentation, by Network Type:
- Cable & Satellite
- Fixed & Wireless
- Mobile
- MVNO/MVNE
- Others
Segmentation, by Organization Size:
- Small and Medium Enterprises
- Large Enterprises
Segmentation, by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
- T&T Inc.
- Cerillion
- Cisco System Inc.
- Elitecore Technologies
- Formula Telecom Solutions
- Hewlett-Packard Company
- Alcatel Lucent S.A.
- Tata Consultancy Services Limited
- Oracle Corporation
- IBM Corporation
- Tech Mahindra Limited
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