OSS BSS System and Platform Market: Snapshot
The global operation support system (OSS) and business
support system (BSS) system and platform market is poised to witness lucrative
growth opportunity in the forthcoming years, according to Transparency Market
Research (TMR). The report states that the top five market players hold
approximately 40% of the overall market share in 2015, indicating towards a
highly fragmented landscape. The prominent vendors in the global OSS BSS system and platform market are
Accenture Plc, Nokia Siemens, Amdocs, Hewlett-Packard Company, and
Telefonaktiebolaget LM Ericsson (publ). The leading players are anticipated to
focus on expanding to emerging economies, in order to tap into the vast
potential of these regions. Players are increasingly forming alliances with
mobile network operators to gain a competitive edge. Vendors are updating
their products, such as ensuring that their product is equipped with new
technological innovations such as service delivery platforms, in order to
create an advanced and differentiated product portfolio to gain a thrust in the
global OSS BSS system and platform market.
The global OSS BSS system and platform market was evaluated
to be at US$29.11 bn in 2015. With a robust 10.5% CAGR, the market is predicted
to clock in a revenue of US$70.97 bn between 2015 and 2024, the duration of
forecast.
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Based on the type of component, the OSS segment is expected
to account for a substantial market share by the end of 2024. The rise of the
segment could be ascribed to the dire need for matching the service quality
levels in the telecommunication sector along with demand for high speed
internet in economically developed regions such has Europe and North America.
Considering geographical segmentation, North America is
predicted to witness burgeoning demand for OSS BSS system and platforms,
propelling the region to the lead. The dominance of this region could also be
on account of the presence of prominent MNOs and telecom service providers.
Transformations in Technology to Boost Global OSS BSS
System and Platform Market
Operations Support System (OSS) and Business Support System
(BSS), are largely used by communication service providers for service
fulfillment, service assurance, customer service and billing. There has been a
substantial change in the service providers’ offerings owing to technological
innovations and data management.
The steady virtualization of network components coupled
with software-defined
networks are allowing service provider networks to seek new solutions.
The emergence of technologies such as 3G, 4G and LTE is impelling the CSP’s to
offer wireless, VoIP and a number of similar services all consumer devices and
different businesses. These functionalities used by communication service
providers, particularly OSS and BSS for is expected to augment the demand for
OSS and BSS over the years to come.
Emergence of Cloud Technology to Offer Promising Growth
Prospects
Cloud OSS BSS is a combination of both capabilities and
deploying them through cloud. Cloud OSS BSS aids the operators in catering to
the customer requirement through a service eco-system and transforming
infrastructure and bring life to software defined networking. The systems are
typically built using a platform driven approach consisting of common software
components for deployment through cloud. This helps in the realization of a
single IT environment that consists of all OSS and BSS applications, stored in
central database.
Cloud OSS BSS leads to a digital transformation of the
business at a technological as well as organizational level. This is a key
trend emerging in the global OSS BSS system and platform market, fuelling
market growth to a great extent.
The market is segmented along the following lines:
Global OSS BSS System and Platform Market, by Component
- Operation
Support Systems (OSS)
- Network
Design
- Network
Monitoring
- Service
Fulfillment
- Service
Assurance
- Business
Support System (BSS)
- Customer
Management
- Revenue
Management
- Product
Management
- Order
Management
- Service
Delivery Platform (SDP)
Global OSS BSS System and Platform Market, by
Geography
- North
America
- Europe
- Asia
Pacific
- Middle
East and Africa
- South
America
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