OSS/BSS Market – Global Industry Forecast & Analysis over 2020 - 2026
As per a research report by Global Market Insights Inc., the global OSS/BSS market is likely to surpass a valuation of $90 billion by 2026.The growing demand for streamlining customer services and ensuring high-quality of service delivery is likely to push the global OSS/BSS market growth over the forthcoming time period. In addition, shifting market dynamics coupled with the growing prevalence of the next-generation of technologies would further generate new opportunities for OSS/BSS solutions.
The increasing deployment of these platforms by communication service providers to fulfill higher service delivery standards would further augment their installations. OSS/BSS platforms track service performance, recognize network faults, and also resolve problems that have occurred. They also help various network procedures like service delivery, network inventory maintenance, and improve customer support operations.
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In addition, some of the major features of OSS/BSS solutions include functionality, flexibility, and scalability. Such characteristics allow users to easily and quickly rollout modifications and customize solutions as per their requirements. These solutions are also supported by innovative workflow engine that can automate as well as optimize business processes that are related to service monetization, telecommunication network management, and customer management.
The increasing adoption of cloud deployment model by enterprises is projected to drive product demand over the coming years. Companies are using cloud-based OSS/BSS systems that offer flexibility and scalability to their cloud system. A cloud-based system costs less when compared to the on-premise deployment systems. These systems also enables enterprises to access their programs, solutions, and applications through the internet. In addition, the configuration of cloud-based services is rapid in comparison with on-premise alternatives, making the model a more viable option.
With respect to enterprise size, OSS/BSS systems are expected to witness tremendous adoption across SMEs over the projected timeframe. The SME segment is projected to grow at a CAGR of more than 15% through the analysis period. An upsurge in the deployment of cloud services and growing digitization are considered the factors that would push adoption of OSS/BSS systems across SMEs. As opposed to large enterprises, SMEs predominantly focus on having cost-effective alternatives that can support operational efficiency. Moreover, the cost-effectiveness of OSS/BSS systems helps these enterprises push their operational efficiency without compromising on CAPEX and service quality.
Browse key industry insights spread across 270 pages with 395 market data tables & 27 figures & charts from the report, “OSS BSS Market Size, By Solution (OSS [Service Assurance, Network Management, Inventory Management], BSS [Billing and Revenue Management, Service Fulfilment, Customer and Product Management]), By Deployment Model (On-premise, Cloud), By Enterprise Size (Small & Medium Enterprise (SME), Large Enterprise), By Application (IT & Telecom, BFSI, Media & Entertainment), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents: https://bit.ly/31rnntK
On the regional front, the Asia Pacific OSS/BSS market is estimated to expand at a rate of more than 17% through the forecast timespan. This growth is ascribed to expanding entertainment and telecommunication industries in India, Japan, and China.
In addition, national governments and telecom firms are together focusing on innovating advanced network infrastructure. Taking November 2019 for instance, immediately after the final commercialization of 5G networks, The Government of China created a R&D team and began working towards 6G networks. Such initiatives are slated to bolster the OSS/BSS solutions’ demand in the region over the coming years.
The competitive landscape of the global OSS/BSS market is inclusive of players such as IBM Corporation, Huawei Technologies, Cisco Systems, and Amdocs among others.
Request for customization: https://bit.ly/3dM9EQO
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/
The increasing deployment of these platforms by communication service providers to fulfill higher service delivery standards would further augment their installations. OSS/BSS platforms track service performance, recognize network faults, and also resolve problems that have occurred. They also help various network procedures like service delivery, network inventory maintenance, and improve customer support operations.
Request for Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/2921
In addition, some of the major features of OSS/BSS solutions include functionality, flexibility, and scalability. Such characteristics allow users to easily and quickly rollout modifications and customize solutions as per their requirements. These solutions are also supported by innovative workflow engine that can automate as well as optimize business processes that are related to service monetization, telecommunication network management, and customer management.
The increasing adoption of cloud deployment model by enterprises is projected to drive product demand over the coming years. Companies are using cloud-based OSS/BSS systems that offer flexibility and scalability to their cloud system. A cloud-based system costs less when compared to the on-premise deployment systems. These systems also enables enterprises to access their programs, solutions, and applications through the internet. In addition, the configuration of cloud-based services is rapid in comparison with on-premise alternatives, making the model a more viable option.
With respect to enterprise size, OSS/BSS systems are expected to witness tremendous adoption across SMEs over the projected timeframe. The SME segment is projected to grow at a CAGR of more than 15% through the analysis period. An upsurge in the deployment of cloud services and growing digitization are considered the factors that would push adoption of OSS/BSS systems across SMEs. As opposed to large enterprises, SMEs predominantly focus on having cost-effective alternatives that can support operational efficiency. Moreover, the cost-effectiveness of OSS/BSS systems helps these enterprises push their operational efficiency without compromising on CAPEX and service quality.
Browse key industry insights spread across 270 pages with 395 market data tables & 27 figures & charts from the report, “OSS BSS Market Size, By Solution (OSS [Service Assurance, Network Management, Inventory Management], BSS [Billing and Revenue Management, Service Fulfilment, Customer and Product Management]), By Deployment Model (On-premise, Cloud), By Enterprise Size (Small & Medium Enterprise (SME), Large Enterprise), By Application (IT & Telecom, BFSI, Media & Entertainment), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents: https://bit.ly/31rnntK
The market research report on OSS/BSS includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments:
Market by Solution- OSS
- Service Assurance
- Network Management
- Inventory Management
- BSS
- Billing and Revenue Management
- Service Fulfillment
- Customer and Product Management
- On-premise
- Cloud
- SMEs
- Large Enterprises
On the regional front, the Asia Pacific OSS/BSS market is estimated to expand at a rate of more than 17% through the forecast timespan. This growth is ascribed to expanding entertainment and telecommunication industries in India, Japan, and China.
In addition, national governments and telecom firms are together focusing on innovating advanced network infrastructure. Taking November 2019 for instance, immediately after the final commercialization of 5G networks, The Government of China created a R&D team and began working towards 6G networks. Such initiatives are slated to bolster the OSS/BSS solutions’ demand in the region over the coming years.
The competitive landscape of the global OSS/BSS market is inclusive of players such as IBM Corporation, Huawei Technologies, Cisco Systems, and Amdocs among others.
Request for customization: https://bit.ly/3dM9EQO
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/
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