Cloud OSS BSS Market worth 21.77 Billion USD by 2022
According to a new market research report "Cloud OSS BSS Market by Type (Solution and Service), Solution
(OSS and BSS), Service (Professional and Managed Services), Deployment (Public, Private, and Hybrid), End-
User Type (SMES and Large Enterprises), and Region - Global Forecast to 2022", published by
MarketsandMarkets™, the cloud Operation Support System (OSS) Business Support System (BSS) market size is
expected to grow from USD 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.
Browse 61 market data tables and 70 figures spread through 143 pages and in-depth TOC on "Cloud OSS BSS
Market "
http://www.marketsandmarkets.com/Market-Reports/cloud-oss-bss-market-31137795.html
Early buyers will receive 10% customization on this report.
The demand for cloud OSS BSS is driven by 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. With the increase in the adoption
rate of cloud computing among CSPs, the cloud OSS BSS market is expected to gain a major traction during the
forecast period.
The BSS solution is expected to contribute the largest market share
The BSS solution helps an enterprise or organization to secure revenue and quality, while supporting many
business functions, including marketing, product offerings, sales, contracting, and delivery of goods and
services. Together with OSS, BSS is used to support various end-to-end telecommunication services (e.g.,
telephone services). BSS is further segmented into billing and revenue management, customer and product
management, and service fulfilment.
Professional services segment is expected to contribute the largest market share
Professional services help in lowering risks, reducing complexity, and raising the return on investment, as they
can be customized, are easily applicable, and deliver maximum service assurance. The telecom sector is
moving towards cloud adoption for efficient operational functions and customer experiences, which can be
achieved through professional services that include training development; design, implementation and project
management; deployment methodology; pre-planning; and cost effectiveness.
Asia-Pacific (APAC) is projected to grow at the highest CAGR
North America is expected to hold the largest market share in 2017, while APAC is the fastest growing region,
in terms of CAGR due to the diverse subscriber base in many countries. Cloud emergence and mandatory
government regulations are simultaneously helping boost the growth of the cloud OSS BSS market in this
region.
The major vendors providing cloud OSS BSS are Accenture (Dublin, Ireland), Amdocs (Chesterfield, Missouri,
US), Cisco Systems, Inc. (San Jose, California, US), Comarch S.A., (Krakow, Poland), LM Ericsson Telephone
Company (Stockholm, Sweden), Hewlett Packard Enterprise Company (Palo Alto, California, US), Huawei
Technologies Co., Ltd. (Shenzhen, China), International Business Machines Corporation (Armonk, New York,
US), Mahindra Comviva (Gurgaon, Haryana, India), Mycom OSI (Berkshire, London, UK), Nokia Corporation
(Espoo, Uusimaa, Finland), Oracle Corporation (Redwood City, California, U.S.), Sigma Systems (Toronto,
Ontario, Canada), Subex Limited (Bangalore, Karnataka, India), and TEOCO Corporation (Fairfax, Virginia, US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats
which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers