OSS & BSS Market Is Expected to Reach US$ 142.9 Billion by 2032, Grow at a CAGR Of 9.8%
OSS & BSS Market Is Expected to Reach US$ 142.9 Billion by 2032, Grow at a CAGR Of 9.8%
SHERIDAN, WYOMING, UNITED STATES, July 9, 2024 /EINPresswire.com/ -- IMARC Group's report titled "๐๐๐ & ๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฒ ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ (๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง, ๐๐๐ซ๐ฏ๐ข๐๐๐ฌ), ๐๐ฌ๐ฌ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง ๐๐ฒ๐ฉ๐ (๐๐๐ญ๐ฐ๐จ๐ซ๐ค ๐๐ฅ๐๐ง๐ง๐ข๐ง๐ ๐๐ง๐ ๐๐๐ฌ๐ข๐ ๐ง, ๐๐๐ซ๐ฏ๐ข๐๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ, ๐๐๐ซ๐ฏ๐ข๐๐ ๐ ๐ฎ๐ฅ๐๐ข๐ฅ๐ฅ๐ฆ๐๐ง๐ญ, ๐๐๐ซ๐ฏ๐ข๐๐ ๐๐ฌ๐ฌ๐ฎ๐ซ๐๐ง๐๐, ๐๐ข๐ฅ๐ฅ๐ข๐ง๐ ๐๐ง๐ ๐๐๐ฏ๐๐ง๐ฎ๐ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ, ๐๐๐ญ๐ฐ๐จ๐ซ๐ค ๐๐๐ซ๐๐จ๐ซ๐ฆ๐๐ง๐๐ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ, ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐๐ซ ๐๐ง๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ, ๐๐ง๐ ๐๐ญ๐ก๐๐ซ๐ฌ), ๐๐๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐๐ง๐ญ ๐๐จ๐๐ (๐๐ง-๐ฉ๐ซ๐๐ฆ๐ข๐ฌ๐๐ฌ, ๐๐ฅ๐จ๐ฎ๐-๐๐๐ฌ๐๐), ๐๐ซ๐ ๐๐ง๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ข๐ณ๐ (๐๐ฆ๐๐ฅ๐ฅ ๐๐ง๐ ๐๐๐๐ข๐ฎ๐ฆ-๐ฌ๐ข๐ณ๐๐ ๐๐ง๐ญ๐๐ซ๐ฉ๐ซ๐ข๐ฌ๐๐ฌ, ๐๐๐ซ๐ ๐ ๐๐ง๐ญ๐๐ซ๐ฉ๐ซ๐ข๐ฌ๐๐ฌ), ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ซ๐ญ๐ข๐๐๐ฅ (๐๐ ๐๐ง๐ ๐๐๐ฅ๐๐๐จ๐ฆ, ๐๐ ๐๐, ๐๐๐๐ข๐ ๐๐ง๐ ๐๐ง๐ญ๐๐ซ๐ญ๐๐ข๐ง๐ฆ๐๐ง๐ญ, ๐๐๐ญ๐๐ข๐ฅ ๐๐ง๐ ๐-๐๐จ๐ฆ๐ฆ๐๐ซ๐๐, ๐๐ง๐ ๐๐ญ๐ก๐๐ซ๐ฌ), ๐๐ง๐ ๐๐๐ ๐ข๐จ๐ง ๐๐๐๐-๐๐๐๐". The global OSS & BSSย market size reached US$ 59.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 142.9 Billion by 2032, exhibiting a growth rate (CAGR) of 9.8% during 2024-2032.
๐๐ซ๐๐ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/oss-bss-market/requestsample
๐ ๐๐๐ญ๐จ๐ซ๐ฌ ๐๐๐๐๐๐ญ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ ๐ญ๐ก๐ ๐๐๐ ๐๐ง๐ ๐๐๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
โ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐ง๐ ๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐๐ซ๐๐ง๐ฌ๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง:
The rapid technological advancements and the widespread adoption of digital transformation strategies by telecommunications companies are bolstering the market growth. These advancements include the deployment of 5G networks, cloud computing, and artificial intelligence (AI), which necessitate more sophisticated operations support systems (OSS) and business support systems (BSS) solutions to manage complex network operations and deliver enhanced client experiences. The rising demand for high-speed internet and data services is encouraging telecom operators to upgrade their infrastructure, streamline operations, and ensure seamless service delivery. This requires integrating advanced OSS and BSS platforms capable of handling large volumes of data, automating processes, and providing real-time analytics.
โ ๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐ฌ๐๐ซ ๐๐ฑ๐ฉ๐๐ซ๐ข๐๐ง๐๐ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ:
In an increasingly competitive telecom environment, service providers are focusing on enhancing client satisfaction and loyalty by delivering personalized and seamless experiences. OSS and BSS systems play a critical role in achieving this by providing a unified view of user interactions, preferences, and service usage patterns. They enable telecom operators to offer targeted promotions, proactive individual support, and efficient service delivery. Furthermore, advanced analytics and AI-powered tools within these systems help predict individual behavior, identify potential issues before they escalate, and optimize service offerings. The growing need for superior, differentiated individual experience is encouraging companies to invest in robust OSS and BSS solutions that can support comprehensive client experience management.
โ ๐๐๐ ๐ฎ๐ฅ๐๐ญ๐จ๐ซ๐ฒ ๐๐จ๐ฆ๐ฉ๐ฅ๐ข๐๐ง๐๐ ๐๐ง๐ ๐๐๐๐ฎ๐ซ๐ข๐ญ๐ฒ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ:
Telecommunications companies operate in a highly regulated environment, where adherence to data privacy laws, network security protocols, and service quality standards is mandatory. OSS and BSS solutions help service providers manage compliance by ensuring that their operations align with regulatory requirements. These systems offer functionalities, such as audit trails, reporting, and monitoring tools that facilitate regulatory adherence. Additionally, the rising incidence of cyber threats and data breaches necessitates robust security mechanisms within OSS and BSS platforms to protect sensitive user information and network infrastructure. Enhanced security features, including encryption, access controls, and anomaly detection, are integral to these systems, providing telecom operators with the tools needed to safeguard their networks and comply with stringent regulatory frameworks.
๐๐๐๐๐ข๐ง๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ ๐๐ง๐ ๐๐๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
โ Amdocs
โ Cisco Systems Inc.
โ Comarch SA
โ Hewlett Packard Enterprise Development LP
โ Huawei Technologies Co. Ltd.
โ Infosys Limited
โ Netcracker Technology Corporation (NEC Corporation)
โ Nokia Corporation
โ Oracle Corporation
โ Suntech S.A.
โ Telefonaktiebolaget LM Ericsson
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/request?type=report&id=5994&flag=C
๐๐๐ ๐๐ง๐ ๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ:
โ Solution
โ Services
Solution exhibits a clear dominance in the market, driven by the critical need for comprehensive and integrated software tools to manage complex telecom networks and business operations efficiently.
๐๐ฒ ๐๐๐ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง ๐๐ฒ๐ฉ๐:
โ Network Planning and Design
โ Service Delivery
โ Service Fulfillment
โ Service Assurance
โ Billing and Revenue Management
โ Network Performance Management
โ Customer and Product Management
โ Others
Network planning and design represent the largest segment accredited to their essential role in optimizing network performance, capacity planning, and ensuring seamless service delivery.
๐๐ฒ ๐๐๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐๐ง๐ญ ๐๐จ๐๐:
โ On-premises
โ Cloud-based
On-premises holds the biggest market share, as many organizations prefer the control, security, and customization capabilities that these solutions provide.
๐๐ฒ ๐๐ซ๐ ๐๐ง๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ข๐ณ๐:
โ Small and Medium-sized Enterprises
โ Large Enterprises
Large enterprises account for the majority of the market share owing to their notable infrastructure needs, higher budgets, and rising demand for advanced OSS and BSS capabilities.
๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ซ๐ญ๐ข๐๐๐ฅ:
โ IT and Telecom
โ BFSI
โ Media and Entertainment
โ Retail and E-Commerce
โ Others
IT and telecom represent the largest segment attributed to the growing reliance on OSS and BSS solutions for managing vast networks, client relationships, and service delivery.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
โ North America (United States, Canada)
โ Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
โ Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
โ Latin America (Brazil, Mexico, Others)
โ Middle East and Africa
North America dominates the market due to its advanced technological infrastructure, high adoption of innovative solutions, and presence of major OSS and BSS vendors.
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ ๐๐ง๐ ๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The integration of artificial intelligence (AI) and machine learning (ML) technologies is transforming traditional OSS and BSS systems into intelligent platforms capable of predictive analytics, automated decision-making, and enhanced individual personalization. AI-driven OSS and BSS solutions can proactively identify network issues, optimize resource allocation, and enhance operational efficiencies by predicting maintenance needs and automating routine tasks. Additionally, the use of ML algorithms allows telecom operators to analyze vast amounts of data to uncover user insights, enabling more targeted marketing campaigns and personalized service offerings.
Moreover, the growing emphasis on open-source OSS and BSS solutions is providing opportunities for innovation and cost savings, allowing smaller operators to access advanced capabilities without notable investments.
๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ:
๐๐๐ฌ๐ฌ๐๐ฅ ๐๐๐๐ฅ๐ข๐ง๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.imarcgroup.com/vessel-sealing-devices-market
๐๐๐ฉ๐ ๐๐ข๐ฉ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.imarcgroup.com/hdpe-pipes-market
๐๐ง๐ฅ๐ข๐ง๐ ๐๐จ๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ: https://www.imarcgroup.com/online-lottery-market
๐๐ฅ๐จ๐๐ค๐๐ก๐๐ข๐ง ๐๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ ๐๐ก๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ: https://www.imarcgroup.com/blockchain-supply-chain-market
๐๐ซ๐ญ๐ข๐๐ข๐๐ข๐๐ฅ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐-๐๐ฌ-๐-๐๐๐ซ๐ฏ๐ข๐๐ ๐๐๐ซ๐ค๐๐ญ: https://www.imarcgroup.com/artificial-intelligence-as-a-service-market
๐๐จ๐ญ๐: ๐๐ ๐ฒ๐จ๐ฎ ๐ง๐๐๐ ๐ฌ๐ฉ๐๐๐ข๐๐ข๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐ญ๐ก๐๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ ๐ฌ๐๐จ๐ฉ๐ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ ๐ฐ๐ข๐ฅ๐ฅ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ ๐ข๐ญ ๐ญ๐จ ๐ฒ๐จ๐ฎ ๐๐ฌ ๐ ๐ฉ๐๐ซ๐ญ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง.
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companyโs expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Elena Anderson
IMARC Services Private Limited
+ +1 631-791-1145
email us here
Distribution channels: Business & Economy, Technology
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Submit your press release