Factors such as adoption of customized cloud OSS BSS solutions and services, rising usage of convergent billing systems, the shifting focus of Communication Service Providers (CSPs) on enhancing customer experiences, and lower operational expenses are driving the cloud OSS BSS market The cloud Operation Support System (OSS) Business Support System (BSS) market size is expected to grow from 11.67 billion in 2017 to USD 21.77 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.3% during the forecast period. The market is driven by factors, such as need for business agility, faster deployment and scalability, increasing awareness about cloud OSS BSS among Communication Service Providers (CSPs) globally, and reduced costs of ownership. However, CSPs face some obstacles while adopting cloud OSS BSS, such as security concerns and resistance to adopt cloud technologies
Inventory and warehouse management solution is expected to have the fastest growth rate during the forecast period The cloud-based inventory and warehouse management solution manages daily operations in a warehouse and enables centralized management of tasks, such as inventory control, tracking, and location of stock items. The demand for this solution is increasing due to the benefits offered, such as faster inventory movement, efficient use of warehouse space, reduced inventory paperwork, improved cycle counting, and reduced dependency on warehouse personnel.
North America is expected to contribute the largest market share, Asia-Pacific (APAC) to grow the fastest North America is expected to hold the largest market share and dominate the cloud OSS BSS market from 2017 to 2022. The proliferation of mobile devices, data services, and Over The Top (OTT) services have contributed to the growth of the cloud OSS BSS market in this region. The APAC region is in the initial growth phase; however, it is the fastest-growing region in the global cloud OSS BSS market. The key reasons for the high growth rate in APAC include the diverse subscriber base in many countries, increased spending on Information Technology (IT) infrastructure, and rising cloud-based applications in this region.
The break-up profiles of primary participants is given below as: • By company: Tier 1 – 43%, Tier 2 – 35%, and Tier 3 – 22%
• By designation: C-level – 60%, Director level – 25%, and Others – 15%
• By region: North America – 44%, Europe – 25%, APAC – 21%, and RoW- 10%
Various key cloud OSS BSS providers profiled in the report are as follows: 1. Accenture (Dublin, Ireland)
2. Amdocs (Chesterfield, Missouri, US)
3. Cisco Systems, Inc. (San Jose, California, US)
4. Comarch S.A., (Krakow, Poland)
5. LM Ericsson Telephone Company (Stockholm, Sweden)
6. Hewlett Packard Enterprise Company (Palo Alto, California, US)
7. Huawei Technologies Co., Ltd. (Shenzhen, China)
8. International Business Machines Corporation (Armonk, New York, US)
9. Mahindra Comviva (Gurgaon, Haryana, India)
10. Mycom OSI (Berkshire, London, UK)
11. Nokia Corporation (Espoo, Uusimaa, Finland)
12. Oracle Corporation (Redwood City, California, US)
13. Sigma Systems (Toronto, Ontario, Canada)
14. Subex Limited (Bangalore, Karnataka, India)
15. TEOCO Corporation (Fairfax, Virginia, US)
Research Coverage The cloud OSS BSS market has been segmented based on types, solutions, services, deployments, end-user types, and regions. A detailed analysis of the key industry players has been done to provide key insights into their business overviews, products and services, key strategies, new product launches, partnerships, agreements, and collaborations, business expansions, and competitive landscape associated with the cloud OSS BSS market.
The report will help the market leaders/new entrants in this market in the following ways: • This report segments the cloud OSS BSS market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different regions.
• This report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
• This report will help stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes vendor comparison of top market players in the cloud OSS BSS market.
Our reports have been used by over 10K customers, including:
The global data discovery market size to grow from USD 7.0 billion in 2020 to USD 14.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period. Various factors such as the growing need to discover sensitive structured and unstructured data, increasing investments in data privacy with evolving regulations,...
The high-performance computing market is expected to witness a CAGR of 6.13% over the forecast period from 2020 to 2025. Factors, such as increasing investments in the Industrial Internet of Things (IIoT), artificial intelligence (AI), and engineering, which demand electronic design automation (EDA), are likely to drive the market over the...
The global business rules management system market size would grow from USD 1.0 billion in 2020 to USD 1.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period. The growth of the business rules management system market can be attributed to reduced dependency on IT teams for writing business rules and...
Tech, Media and Telecom (TMT) Predictions 2021 - Thematic Research
In this report, we identify the top 30 themes that will impact the technology, media, and telecoms (TMT) sector in 2021. For each theme, we offer a series of predictions, identify winners and losers, and point you to further...
The system of insight market was valued at US$ 1,537.86 million in 2019 and it is projected to reach US$ 4,914.52 million by 2027; it is expected to grow at a CAGR of 15.9% from 2020 to 2027. Due to digital transformation, the operations are handled automatically, mitigating human errors and increasing business productivity.Industries...
The Global Video Analytics Market was valued at USD 1528.1 million in 2019, and it is expected to reach USD 4142.7 million by 2025, registering a CAGR of 24.5% during the period of 2020-2025. Analytics has enabled various end-users in the usage of specific data insights into actionable intelligence for numerous functions. The ideas could be...
As the urbanization Mega Trend gains momentum, water infrastructure and resources are experiencing extreme stress across the globe.An expanded population density within cities has driven the need to develop policies and regulatory frameworks aimed at curbing water loss and improving water conservation.
The monetary loss caused by...
The Asia Pacific Motion Control Market would witness market growth of 4.7% CAGR during the forecast period (2020-2026). Over the past few years, the trend in digitalization has taken off strongly. Modern automation components are necessary to support digitalization trends. This requires memory, integrated connectivity, and processing...
58 pages •
By Euromonitor International
• Dec 2020
Consumer engagement, retention, loyalty and trust begins pre-trip, builds in-trip and ends post-trip, to start again in a constant cycle. Without adopting digital innovation and a digital-first mindset, travel brands will be destined to fail in their engagement and relationship with consumers. Taking a holistic view of the traveller journey...
The global digital transformation market (henceforth referred to as the market studied) is expected to register a CAGR of 18.5%, during the period of 2020-2025. Digital Transformation refers to the use of digital technology to solve traditional problems. Shifting from conventional to new digitalized business models facilitates the introduction...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.