Next Generation OSS and BSS Market - Industry Structure Evaluation, Demand Drivers Analysis, Regional Growth Analysis and Identification, Competitive Positioning / Landscape Review & Global Market Size Forecast to 2030
Overview
Next Generation OSS and BSS Market size is expected to reach US$ 175.10 Bn by 2030, at a CAGR of 16.12% during the forecast period.
Next Generation OSS and BSS Market Dynamics
Increasing adoption of digital devices and advanced technologies to drive the market
Digitalization across the globe has raised the adoption of digital devices such as smartphones, tablets, laptops, and many more. With the adoption of digital devices, the demand for high-speed internet connectivity has been increased in the past few years. These created need to analyze the customer’s preference, their experience, the trend related to the pricing, and data packages, which helps CSPs to remain competitive in the market.
The next-generation OSS/BSS system provides services such as billing, CRM, performance management, fault management, network operations, etc. However, the evolution of 5G network and increasing adoption of advanced technologies such as cloud computing, IoT, AI, ML, etc. is expected to increase the demand for network connectivity and high-speed internet, which has led to the CSPs to adopt the support system to automate the telecommunication billing process, customer service, order capturing, etc. With the changing time industries are shifting to the 5G network connectivity as it provides high-speed internet connectivity and low latency.
The telecom operators are quite aware of the success of the 5G network on the OSS/BSS system. According to the report, 72% of the communication service providers believe that the 5G revenue growth is dependent on the advanced OSS/BSS system, which is expected to boost the next generation OSS and BSS market across the globe. The OSS/BSS also helps to detect and manage the fault in the network.
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High cost to restrain the market
The installation cost of the next-generation OSS/BSS system is high and the complex infrastructure of the system is too much expensive to maintain. However, the automation of telecom billing requires address-based accounts of the users, which is not feasible with the prepaid billing system. As result, the above factors are expected to restrain the market during the forecast period.
Next Generation OSS and BSS Market Segment Analysis
The revenue management is expected to witness the highest growth at a CAGR of 16.12% during the forecast period due to the increasing focus on billing, settlement, and revenue generation. Real-time billing and charges are an important part of CSPs. The reliable interconnection and billing for the roaming allow CSPs to charge for using CSP’s voice, data, network infrastructure, and many more from the other operators. However, the use of analytical tools and advanced technologies allows telecommunication companies to gain current trends and demand, which helps to gain new customers. As result, these factors are expected to lift the global market in the revenue management segment.
Next Generation OSS and BSS Regional Insights
North America is expected to witness the highest growth during the forecast period
North America is expected to hold the largest market share of 16.12% during the forecast period due to the increasing adoption of advanced technologies such as cloud computing, IoT, M2M communications, and mobile devices across various industries and commercial sectors. However, emerging smart infrastructures and the adoption of advanced security systems and solutions in the commercial and residential buildings are expected to rise the demand for high-speed internet connectivity in the region thereby adopting of next-generation OSS/BSS system.
According to the report, the Asia Pacific region is expected to register rapid growth of the market during the forecast period. The growth can be attributed to the increasing adoption of smartphones due to the digitalization increasing awareness of digital devices. The growing telecom companies in countries like India and China are looking forward to advanced support solutions to provide a better consumer experience, which is expected to create many lucrative opportunities for the market. Other factors like the government initiative to build smart cities and to provide seamless internet connectivity at railway stations, airports, commercial complexes, etc. are expected to boost the market significantly in the region.
The objective of the report is to present a comprehensive analysis of the global next generation OSS and BSS market including all the stakeholders of the industry. The past and current status of the industry with 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 includes market leaders, followers, and new entrants. PORTER, SWOT, 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 report also helps in understanding global next generation OSS and BSS market dynamic, structure by analyzing the market segments and project global next generation OSS and BSS market clear representation of competitive analysis of key players by price, financial position, by detection and equipment portfolio, growth strategies, and regional presence in the global next generation OSS and BSS market make the report investor’s guide.
Next Generation OSS and BSS Market Scope: Inquire before buying
| Next Generation OSS and BSS Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US $ 61.50 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 16.12% | Market Size in 2030: | US $ 175.10 Bn. |
| Segments Covered: | by Architecture Type | Revenue management Service fulfillment Customer management Account management Service assurance Network management systems |
|
| by Network | Cable and satellite Fixed and wireless Mobile Mobile virtual network enabler (MVNE) Others |
||
Next Generation OSS and BSS Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America
Next Generation OSS and BSS Market, Key Players:
1. Hewlett Packard Enterprise
2. Huawei Technologies Co., Ltd.
3. Capgemini
4. Accenture plc.
5. Amdocs, Inc.
6. CSG Systems International, Inc.
7. Oracle Corporation
8. IBM Corporation
9. Log Net Systems Ltd.
10. Dorado Software
11. Sigma Systems
12. Elitecore Technologies
13. Formula Telecom Solutions
14. Texas Instruments Incorporated
15. Magnaquest Technologies
16. Netonomy
17. MACC's
18. Transaction Capital
19. Contact Solutions
20. Cerillion Technologies
21. MDS Global
22. InfoSend
23. Aptilo Networks
24. Nexnet Solutions
25. Relay2
26. Optiva
27. Comarch SA
Frequently Asked questions
1. What is the market size of the Global Next Generation OSS and BSS Market in 2023?
Ans. The market size Global Next Generation OSS and BSS Market in 2023 was US$ 61.50 Billion.
2. What are the different segments of the Global Next Generation OSS and BSS Market?
Ans. The Global Next Generation OSS and BSS Market is divided into Architecture Type and Network.
3. What is the study period of this market?
Ans. The Global Next Generation OSS and BSS Market will be studied from 2023 to 2030.
4. Which region is expected to hold the highest Global Next Generation OSS and BSS Market share?
Ans. The Asia Pacific dominates the market share in the market.
5. What is the Forecast Period of Global Next Generation OSS and BSS Market?
Ans. The Forecast Period of the market is 2024-2030 in the market.