Europe Operation & Business Support System Market: Industry Analysis and Forecast (2022-2027), by Application, and End-User

Europe Operation & Business Support System Market size was valued at US$ 7.71 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 4.87% through 2022 to 2027, reaching nearly US$ 10.26 Bn.
Europe Operation & Business Support System Market Overview:
Europe Operation & Business Support System Market is expected to reach US$ 10.26 Bn. by 2027. A service provider's business support systems (BSS) are the tools it uses to manage its customer-facing activities. Combining these support systems allows for end-to-end communication. This report focuses on the different segments of the Europe Operation & Business Support System market (Application, and End-User). The major industry players and Countries are thoroughly examined in this report. It's a thorough examination of today's quick advancements in a variety of industries. The major data analysis for the historical period from 2017 to 2020 is presented using facts and numbers, visualisations, and presentations. The market drivers, restraints, opportunities, and challenges for Europe Operation & Business Support System are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Europe Operation & Business Support System market.



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Europe Operation & Business Support System Market Dynamics:
Due to the increased usage of next-generation networks, online transactions, and various government digitization efforts, the market for operation and business support systems is booming in the Europe. As a result of the integration of older networks such as 4G and 5G, the service provider faces substantial challenges. To solve these difficulties, COMARCH, a global pioneer in operation support systems, has created a new "OSS architecture" that combines zero-touch network provisioning, self-organized networks, and intelligent assurance and analytics capabilities. Increased investment in IoT technology, increased automation among end-users, and rapid growth of social networking platforms are all assisting the market in the Europe. Additionally, enhancing overall client experiences as well as cutting operational costs is helping the market in the Europe to grow.

In addition, the growing demand for convergent billing systems and the growing use of cloud OSS BSS are driving the growth of cloud operations support systems in the telecom industry. However, there is apprehension about cloud adoption, as well as growing concerns about cloud security, both of which pose severe problems. On the other side, the growing complexity of network integration and the enormous volume of customer transactions could provide a difficulty. Within the open-source community, the open-source way of thinking and working. This concept is founded on the values of transparency, collaboration, delivery, inclusiveness, and community. The exchange of ideas and software developed by communities has driven creative, scientific, and technological advancement in domains such as education, governance, law, health, and manufacturing.

Open-source software is collaborative in nature, relying on community development and peer review to use, change, and share source code. To create more innovative software solutions, European developers collaborate and share their knowledge, ideas, and code. Anyone who has access to the source code for this scalable and adaptable application can modify, improve, and redistribute it to increase its reusability and accessibility. Open-source software is built on the principles of peer production and mass collaboration, resulting in more long-term software development for users. The operations support systems are focused on the enterprise's operations.

The fundamental purpose of these technologies is to improve the operational efficiency of the company. Because these systems are primarily concerned with operations, lower-level managers rely heavily on internal data. As software-defined networking (SDN) and network functions virtualization (NFV) gain traction, they're expected to have a big impact on OSS/BSS by enabling for more hardware interoperability through open information models. OSSs were historically geared to specific proprietary network gear, but with the advent of more open SDN architecture and NFV-based equipment, sharing network data and monitoring information over a greater swath of an operation will be easier.
Europe Operation & Business Support System Market Segment Analysis:
Europe Operation & Business Support System Market is segmented by Application, and End-User.

Based on the Application, the market is segmented into Manufacturing, Retail, Telecom Enterprises, Banking, Finance Services & Insurance, Government, and Others. Manufacturing segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. A Manufacturing Execution System (MES) is an information system that monitors and tracks the manufacturing process on the factory floor (MES). The overall goal of MES is to ensure that manufacturing activities are completed quickly and efficiently in order to maximise production. This is done by tracking and gathering real-time and accurate data throughout the lifecycle of a product. The MES is a comprehensive system that monitors and manages all shop floor activities. It begins with all of the many orders received from customers, the MRP system, the master schedule, and other planning sources, and then creates the things in the most efficient, cost-effective, timely, and high-quality manner possible.

Based on the End-User, the market is segmented into Operating Support System Solution, and Business Support System Solution. Operating Support System Solution segment is expected to hold the largest market share of xx% by 2027. The information processing systems that operators use to run their communications networks are referred to as "operational support systems" (OSS). These solutions, formerly known as Telecommunication Network Management tools, have advanced significantly. They can bring together customers, services, resources, processes, and activities. Frequently, open source code is saved in a public repository and made available to the general public. Anyone who has access to the repository can utilize the code for their own projects or contribute to the projects overall design and functionality.


Europe Operation & Business Support System Market Country-wise Insights:
Germany, UK, and Russia are expected to dominate the Europe Operation & Business Support System market during the forecast period 2021-2027. Germany, UK, and Russia are expected to hold the largest market shares of xx%, xx% and xx% by 2027. This is due to the growing usage of the Operation & Business Support System in the Germany, UK, and Russia as Operation & Business Support System offers plenty of benefits to these countries. The implementation of next-generation networks, the use of Big Data, Virtualizations, and machine-to-machine services has increased in the Germany, UK, and Russia. These are the key factor which is expected to drives the growth of the Germany, UK, and Russia in the Europe Operation & Business Support System market during the forecast period 2022-2027.

The objective of the report is to present a comprehensive analysis of the Europe Operation & Business Support System Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also helps in understanding the Europe Operation & Business Support System Market dynamic, structure by analyzing the market segments and project the Europe Operation & Business Support System Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Europe Operation & Business Support System Market make the report investor’s guide.
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Europe Operation & Business Support System Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2027


Historical Data:
2017 to 2021
Market Size in 2021:
US $7.71 Bn.


Forecast Period 2022 to 2027 CAGR:
4.87%
Market Size in 2027:
US $ 10.26 Bn.


 Segments Covered:
by Application
• Manufacturing
• Retail
• Telecom Enterprises
• Banking
• Finance Services & Insurance
• Government
• Others


by End-User
• Operating Support System Solution
• Business Support System Solution



Europe Operation & Business Support System Market Key Players
• Panamax Inc.
• Amdocs
• Ascom
• CSG
• Ericsson
• Openet
• Oracle Corporation
• Subex
• JJ Systems
• RRD
• Capgemini
• Catalyst Systems
• Sheffield Business Systems
• KBR UK
• Deveo
• Cyient
• BAE Systems
• FHL Cloud Solutions
• Diginext
• Comarch

Frequently Asked Questions:

1] Which countries are expected to hold the highest share in the Europe Operation & Business Support System Market?
Ans. Germany, UK, and Russia are expected to hold the highest share in the Europe Operation & Business Support System Market.

2] Which segment holds the largest market share in the Europe Operation & Business Support System market by 2027?
Ans. Operating Support System Solution segment hold the largest market share in the Europe Operation & Business Support System market by 2027.

3] What is the market size of the Europe Operation & Business Support System market by 2027?
Ans. The market size of the Europe Operation & Business Support System market is expected to reach US $10.26 Bn. by 2027.

4] What was the market size of the Europe Operation & Business Support System market in 2021?
Ans. The market size of the Europe Operation & Business Support System market was worth US $7.71 Bn. in 2021.