OSS & BSS Market Grows: 9.87% CAGR
Evolve Business Intelligence has published a research report on the Global OSS & BSS Market, 2023–2033. The global OSS & BSS Market is projected to exhibit a CAGR of around 9.87% during the forecast period of 2023 to 2033.
Evolve Business Intelligence has recognized the following companies as the key players in the global OSS & BSS Market: AMDOCS, Accenture, Infovista (ASCOM), Comarch S.A., LM Ericsson Telephone Company, Mycom OSI, Nokia Corporation, Computaris, Netcracker and Cisco System Inc.
More Information: https://evolvebi.com/report/oss-bss-market-analysis/
Market Highlights
The Global OSS & BSS Market is projected to be valued at USD 154.56 Billion by 2033, recording a CAGR of around 9.87% during the forecast period. The OSS (Operational Support Systems) and BSS (Business Support Systems) are essential components of telecommunications networks. They provide the software infrastructure needed to manage and optimize network operations and customer interactions.
This market is crucial for telecom operators as they manage both the technical and commercial aspects of their services, ensuring smooth operations and effective customer management.
The COVID-19 pandemic significantly impacted the OSS & BSS Market. The pandemic accelerated the adoption of remote work, increasing the reliance on digital communication services. This, in turn, drove demand for robust OSS and BSS solutions to manage the surge in data traffic and ensure network reliability. The push for 5G deployment was amplified during the pandemic as operators sought to improve network capacity and speed to accommodate the growing demand for high-speed internet and digital services. This required enhanced OSS and BSS solutions to manage the complexity of 5G networks. The shift to remote working environments posed challenges for the deployment and integration of OSS and BSS systems, especially those requiring on-site installation or complex configurations. The pandemic-induced shift towards digital and remote services is expected to have a lasting impact, driving ongoing investments in OSS and BSS solutions to support these services. The pandemic highlighted the need for telecom operators to diversify their revenue streams, leading to the development of new business models that require innovative OSS and BSS capabilities to support services like IoT, cloud computing, and digital content delivery.
Segmental Analysis
The global OSS & BSS Market has been segmented based on Industry Vertical, Organization Type, Application, Deployment Model.
Based on Industry Vertical, the OSS & BSS Market is segmented into IT & Telecom, BFSI, Media & Entertainment, Retail & E-Commerce and Others. The IT & Telecom segment is anticipated to dominate the market.
Based on Organization Type, the OSS & BSS Market is segmented into Network Planning & Design, Service Delivery, Service Fulfillment, Service Assurance, Customer & Product Management and Others. The Network Planning & Design segment is anticipated to dominate the market.
Based on Application, the OSS & BSS Market is segmented into Services and Solution. The Solution segment is anticipated to dominate the market.
Based on Deployment Model, the global OSS & BSS Market has been divided into On-premise and Cloud. The On-premise segment is anticipated to dominate the market.
More Information: https://evolvebi.com/report/oss-bss-market-analysis/
Regional Analysis
The OSS & BSS Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. North America holds a significant share of the OSS & BSS market, driven by early adoption of advanced technologies like 5G, IoT, and cloud computing. The region is characterized by strong innovation, with telecom operators heavily investing in digital transformation and the deployment of next-generation networks. Europe is a leading region in the deployment of 5G and IoT technologies, creating substantial demand for OSS and BSS solutions that can handle the complexity of these networks. European telecom operators emphasize customer experience management, driving the need for advanced BSS solutions that support personalized services and real-time billing. The Asia-Pacific region is experiencing rapid growth in telecom infrastructure, particularly in emerging markets like India, China, and Southeast Asia, leading to increased demand for OSS and BSS systems. The high rate of mobile penetration and the expansion of mobile services in rural and remote areas are driving the adoption of OSS and BSS solutions tailored to support large-scale, diverse networks. Latin America is seeing growth in mobile and internet services, particularly in countries like Brazil, Mexico, and Argentina, driving the need for improved OSS and BSS systems to manage expanding networks. The region is gradually adopting digital transformation initiatives, although the pace varies across countries. There is an increasing demand for cloud-based OSS and BSS solutions to support these initiatives. The MEA region is witnessing significant investments in expanding telecom networks, particularly in Gulf Cooperation Council (GCC) countries and parts of Africa. This expansion drives the demand for OSS and BSS solutions that can handle large-scale deployments and diverse customer bases. In Africa, the market faces challenges such as limited infrastructure, lower internet penetration, and economic constraints, which can slow the adoption of advanced OSS and BSS solutions. However, there is a growing need for cost-effective, scalable solutions to support telecom growth in the region.
