The Rising Demand for OSS/BSS for Digital Transformation to Boost the OSS/BSS Market Growth

OSS/BSS Market Size, By Solution (OSS [Service Assurance, Network Management, Inventory Management], BSS [Billing and Revenue Management, Service Fulfillment, Customer and Product Management]), By Deployment Model (On-premise, Cloud), By Enterprise Size (Small & Medium Enterprise (SME), Large Enterprise), By Application (IT & Telecom, BFSI, and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Trends, and Forecast to 2026

The global OSS/BSS Market is estimated to be valued at US$ XX million in XXX and is expected to exhibit a CAGR of XX% over the forecast period, as highlighted in a new report published by Coherent Market Insights.

OSS/BSS, in the sector of telecommunications, refers to the operations support systems (OSS) and business support systems (BSS). These systems function collectively to control the operational and the commerce sectors of telecommunications service providers (TSPs) through the gamot of such operations.

According to Coherent Market Insights the Global OSS/BSS Market Region (North America, Europe, Asia Pacific, RoW) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2028.


Competitive Landscape:

Key players positively affected the growth of the global OSS/BSS Market are ZTE Corporation, Hewlett-Packard Enterprise Company, Oracle Corporation, Nokia Corporation, NetCracker Technology Corporation Huawei Technologies Co., Ltd. Ericsson AB, (NEC Corporation), Optiva, Inc., and Amdocs Limited.

Market Key Drivers:

The rising demand for OSS/BSS for digital transformation is expected to boost the growth of global OSS/BSS Market. For instance, For instance, in May 2021, EY and IBM declared the launch of a Center of Excellence to help financial institutions in enhancing their digital transformation from the usage of hybrid cloud techniques.

The rising adoption of cloud and IoT is projected to propel the growth of global OSS/BSS Market. For instance, number of people globally using the IoT is projected to reach around 5 million in 2030.

Covid-19 Impact Analysis:

The Covid-19 outbreak has adversely affected the growth of global OSS/BSS Market owing to the rising shut down and the lockdown. The rising disruption in supply chain has also impacted the market growth. However, the market is expected to grow as there was rise in adoption of IoT and the Cloud system due to the rise in work from home.

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