The OSS solutions segment holds a majority share accounting for nearly 50% of the OSS/BSS market in 2017 and is expected to hold a dominant share throughout the forecast timeline. The growing need among telecom service providers to outsource the operation support services is the primary factor driving the market. In this segment, the inventory management segment is estimated to hold a major share of over 40% by 2024 due to the increased demand for the automated inventory management solutions among telecom service providers.
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As per the deployment model, the on-premise segment is expected to dominate the overall OSS/BSS market with a share of over 63% in 2024. The growth of the market is attributed to the robust functionality and superior data security provided by the deployment model. Since the software used is licensed and the entire instance of software remains within an organization?s premises, there is more control in terms of security. The on-premise system also offers organizations with the more control over the implementation process. As a result, organizations can customize their systems as per their requirements.
Over the last few years, the revenue graph of OSS/BSS market has been depicting an exponential growth, on account of the surging digitization across the telecommunication, BFSI, and IT industries which have been deploying new communication technologies to accelerate the organizational workflow. The lure for inexpensive, safe, and time-saving operations has been encouraging companies to implement OSS and BSS solutions at the workspace.
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In line with the implementation of 5G networks across the telecom sector, players in the OSS/BSS market have been observing lucrative business opportunities. In fact, some telecom industries have been looking forward to strengthening their networking portfolio by automating working processes with regards to the use of 5G networks. For instance, recently, the Swedish multinational and telecommunication company, Ericsson acquired CENX to enhance its Operations Support Systems facilities. The acquisition will improve Ericsson’s service assurance and closed-loop automation capabilities which will help it to leverage network visualization and automate the telecom network to serve enterprise customers effectively.
Large enterprises dominated the OSS/BSS market with a share of more than 70% in 2017. The growth of the segment is credited to the need among various enterprises to effectively manage their widespread network components and the need to increase the operational performance.
Some Point from Table of Contents:
Chapter 4. Competitive Landscape, 2017
4.2. Competitive analysis of key market players
Chapter 5. OSS/BSS Market, By solution
5.1. Key trends, by solution
5.2.1. OSS market estimates and forecast, by region, 2013-2024
5.2.2. Service assurance
184.108.40.206. Service assurance market estimates and forecast, by region, 2013-2024
5.2.3. Network management
220.127.116.11. Network management market estimates and forecast, by region, 2013-2024
5.2.4. Inventory management
18.104.22.168. Inventory management market estimates and forecast, by region, 2013-2024
5.3.1. BSS market estimates and forecast, by region, 2013-2024
5.3.2. Billing and revenue management
22.214.171.124. Billing and revenue management market estimates and forecast, by region, 2013-2024
5.3.3. Service fulfillment
126.96.36.199. Service fulfillment market estimates and forecast, by region, 2013-2024
5.3.4. Customer and product management
188.8.131.52. Customer and product management market estimates and forecast, by region, 2013-2024
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