According to new market research
report "Cloud OSS BSS Market by Type (Solution and Service), Solution (OSS
and BSS), Service (Professional and Managed Services), Deployment (Public,
Private, and Hybrid), End-User Type (SMES and Large Enterprises), and Region -
Global Forecast to 2022",
The cloud Operation
Support System (OSS) Business Support System (BSS) market size is expected to
grow from USD 11.67 Billion in 2017 to USD 21.77 Billion by 2022, at a Compound
Annual Growth Rate (CAGR) of 13.3% during the forecast period.
Browse and in-depth TOC on “Cloud OSS BSS Market”
61 - Tables
70 - Figures
141 - Pages
"Cloud OSS BSS
Market by Type (Solution and Service), Solution (OSS and BSS), Service
(Professional and Managed Services), Deployment (Public, Private, and Hybrid),
End-User Type (SMES and Large Enterprises), and Region - Global Forecast to
2022"
The demand for
cloud OSS BSS is driven by factors, such as adoption of customized cloud OSS
BSS solutions and services, rising usage of convergent billing systems, the
shifting focus of Communication Service Providers (CSPs) on enhancing customer
experiences, and lower operational expenses. With the increase in the adoption
rate of cloud computing among CSPs, the cloud OSS BSS market is expected to
gain a major traction during the forecast period.
The BSS solution is
expected to contribute the largest market share
The BSS solution
helps an enterprise or organization to secure revenue and quality, while
supporting many business functions, including marketing, product offerings,
sales, contracting, and delivery of goods and services. Together with OSS, BSS
is used to support various end-to-end telecommunication services (e.g.,
telephone services). BSS is further segmented into billing and revenue
management, customer and product management, and service fulfilment.
Professional
services segment is expected to contribute the largest market share
Professional
services help in lowering risks, reducing complexity, and raising the return on
investment, as they can be customized, are easily applicable, and deliver
maximum service assurance. The telecom sector is moving towards cloud adoption
for efficient operational functions and customer experiences, which can be
achieved through professional services that include training development;
design, implementation and project management; deployment methodology;
pre-planning; and cost effectiveness.
Asia-Pacific (APAC)
is projected to grow at the highest CAGR
North America is
expected to hold the largest market share in 2017, while APAC is the fastest
growing region, in terms of CAGR due to the diverse subscriber base in many
countries. Cloud emergence and mandatory government regulations are
simultaneously helping boost the growth of the cloud OSS BSS market in this
region.
The major vendors
providing cloud OSS BSS are Accenture (Dublin, Ireland), Amdocs (Chesterfield,
Missouri, US), Cisco Systems, Inc. (San Jose, California, US), Comarch S.A.,
(Krakow, Poland), LM Ericsson Telephone Company (Stockholm, Sweden), Hewlett
Packard Enterprise Company (Palo Alto, California, US), Huawei Technologies
Co., Ltd. (Shenzhen, China), International Business Machines Corporation
(Armonk, New York, US), Mahindra Comviva (Gurgaon, Haryana, India), Mycom OSI
(Berkshire, London, UK), Nokia Corporation (Espoo, Uusimaa, Finland), Oracle
Corporation (Redwood City, California, U.S.), Sigma Systems (Toronto, Ontario,
Canada), Subex Limited (Bangalore, Karnataka, India), and TEOCO Corporation
(Fairfax, Virginia, US).
Contact:
Mr. Rohan
MarketsandMarkets™
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Mr. Rohan
MarketsandMarkets™
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
