Global OSS/BSS Market to Support the Flourishing Telecom Industry
Posted on Jun 12, 2014
The global market of Operations Support System (OSS) and Business Support System (BSS) solutions supplies software products to the telecommunications industry, allowing it to manage its business, operations, and processes more efficiently. Of the two terms, the term Operations Support System (OSS) refers to software solutions that aid telecom operators in managing network related operations. The term Business Support System (BSS) refers to software products that allow businesses in managing customer-oriented processes such as order management, billing and Customer Relationship Management (CRM). In totality, these systems enable telecom operators and businesses in maintaining the sustainability of their operations.
Browse : global OSS/BSS market
OSS/BSS solutions are extremely important for today’s telecom industry. The digital world is on the brink of a revolution, where everybody and everything has to be connected in real time. Along with this, the arrival of technologies such as mobile broadband and cloud computing have radically changed the entire ecology of the global telecom industry, and made it much more diverse and complex. Fulfilling the continuously rising demands of the always-connected, online lifestyle of the global population and organizations present a completely new level of challenges for telecom operators. To ensure that these complexities do not hamper the operational efficiency and user experience, it has become imperative for telecom operators to adopt OSS/BSS solutions.
The global OSS/BSS market is growing swiftly.
Anticipating the future of the telecom industry, whichwould most probably be more dynamic and complex, telecom operators across the globe have started adopting OSS/BSS solutions at a swift pace for the past few years.
Analysts state that the global market for OSS/BSS solutions, which was worth nearly US$21.86 billion in 2013, will be worth approximately US$49.78 billionby 2020. To achieve this feat, the market will register growth at a CAGR of nearly 12.7% over the years through 2020. The market is currently chiefly driven by rising demands for convergent billing systems and the pressing need to improve customer care to survive in the thriving and highly competitive global telecom industry.
Nonetheless, there are a few restraints limiting it.
Factors such as certain regulatory issues in regional marketplaces and the difficulty faced by novel OSS/BSS solutions in blending properly with conventional systems limit market growth to certain levels. However, emergence of new generation operation systems and software (NGOSS) framework is expected to allow market players in reaping benefits of an increased set of potential growth opportunities.
OSS/BSS product/solution preferences are diverse.
Currently, customer management solutions help the overall BSS market in garnering much of its revenues. However, over the next few years,declining average revenue per user (ARPU) in Asia Pacific and other lesser developed regional markets, rising customer churn rate and rising cases of frauds will prompt telecom companies to present increased demands for revenue management solutions.
In case of OSS solutions, service assurance solutions will garner the maximum revenues in the future years due to rising demand for consistent high-speed connectivity in developed countries. In developing countries from the Asia-Pacific region, OSS solutions for network design and monitoring are in high demand currently.
Mature OSS/BSS markets are currently concentrated in the developed world, but developing nations promise much of the future growth. In 2013, regional OSS/BSS solutions market of North America earned the major share of revenues to the global market. However, analysts state that the global OSS/BSS market will achieve its highest growth in the lesser developed markets of developing economies such asAfrica, Asia and Latin America.
The global marketplace features highly competitive dynamics.
Leading international IT companies are strongly expanding their OSS/BSS businesses in emerging economies to tap the enormous growth potential in these regions. Companies such as Accenture Plc, Tata Consultancy Services Limited,Telefonaktiebolaget LM Ericsson,IBM Corporation,Oracle Corporation, Hewlett-Packard Company,CSG Systems International, Inc., and Amdocs Ltd., are the key players of the market and have clients from distant corners of the world.
For sustaining competition, most of these companies are aiming for long-term strategic alliances with network operators in regional markets. Additionally, these companies are also offering client- and problem-specific OSS and BSS solutions to gain an edge over the competitors.
Browse Full Global OSS/BSS Market Report With Complete TOC @ http://www.transparencymarketresearch.com/ossbss-market.html
Share This Article!
- Telecom API (By Service Type - Payment, SMS, MMS and RCS, Maps and Location, Voice/Speech, Identity Management, WebRTC and Others; By User Type - Enterprise Developer, Internal Telecom Developer, Partner Developer and Long Tail Developer) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022
- Telecom API market represents an overall Application Programming Interface (API) services provided by telecom carriers, service providers and aggregators to application developers in order to create mobile applications. Telecom API helps application developers to integrate various services such as payment, voice, SMS and WebRTC into their mobile application. This helps application developers to enhance their customer experience and market their mobile...
- Data Center Security Market [By Component Type - Logical Components (Threat and Application Security, Access Control and Compliance, and Data Protection), Physical Components, and Services (Managed Services and Consulting Services)] - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022Data centers centralize the IT operations of organizations and assist in the storage, management, and dissemination of their data. Data centers contain networks’ most critical systems and are important for the continuity of routine operations. They manage back-end data storage and information technology systems. With the increasing practice of distributed computing, data centers are still common and have...
- Vacuum Pumps Market (By Application Range - Low Vacuum Pressure, Medium Vacuum Pressure, High and Ultra-high Vacuum Pressure; By Type - Entrapment Pumps and Gas Transfer Vacuum Pumps; By End-use Application - Oil & Gas, Industrial and Manufacturing, Power, Chemical Processing, Semiconductor & Electronics and Others) - MEA Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2025This report aims to provide comprehensive strategic analysis of the MEA vacuum pumps market along with the market size and growth forecast for the period from 2015 to 2025. The key factors driving the growth of MEA market include growth in demand for energy, large project activities undergoing. In addition, growth of enterprises and small scale industries in industrial and manufacturing sector and process industries have led to growth of vacuum pumps in the...