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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
OSS BSS Market Growth
The expansion of the OSS BSS industry is being driven by the increasing cloud OSS BSS demand due to its benefits in business optimisation like flexibility and cost-efficiency. Moreover, due to high entrance/exit barriers pertaining to on-site solutions, modern communication service providers are increasingly shifting their preference towards cloud OSS BSS because of their quick lead time to the market, their rapid deployment, and efficient management of the networks. Further, technologies like the internet of things (IoT) are expected to create profitable market growth possibilities. Moreover, the rising development of next generation OSS BSS (NGOSS) is projected to further propel the market growth over the forecast period.
OSS BSS Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global OSS BSS market attained a value of nearly USD 57.74 billion.
The market is projected to grow at a CAGR of 13.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 175.73 billion by 2032.
The major drivers of the market include increasing number of mobile customers, rising adoption of 5G and telecom services suppliers, internet of things (IoT), and the preference of modern communication service providers due to high entrance/exit barriers pertaining to on-site solutions.
The rising demand for more advanced technologies for supporting services and increasing cloud OSS BSS demand due to its benefits in business optimisation are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The components include solution and service.
The various categories on the basis of solution types are network planning and design, service delivery, service fulfilment, service assurance, network performance management, and customer and product management, among others.
On the basis of deployment, the market is classified in to on-premises and cloud.
The organisation size includes small and medium enterprises, and large enterprises.
On the basis of industry, the market is classified in to IT and telecom enterprises, BFSI, media and entertainment, retail and E-commerce, among others.
The major players in the industry are Cisco Systems Inc., Nokia Corporation, Huawei Corporation, Accenture PLC, Netcracker Technology Corporation, and Capgemini SE, among others.
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