Cloud OSSBSS
Market Global Industry Analysis, Share, Growth and Forecast by 2025
The cloud technology
has swiftly turned into a necessity for the infrastructure which is
required for information technology across a wide range of industries
and business processes. The cloud based OSS BSS solution offers a lot
of advantages as the best ones (for example the ones which are
specifically built for mobile BeQuick BSS/OSS) offer modular
employment ready applications and processes. These processes and
applications are perfect for ideal to start up mobile services
providers who look to start immediately. Further, a cloud based OSS
BSS provides integrated key capabilities like charging and billing,
service delivery, ordering and customer support. MVNO’s get real
time network interface which can provide singular view to their
subscribers from the network to the device across a wide range of
businesses with the capability of swiftly launching latest
promotions, offers and various service plans with the ability of
ultimate service bundling potential. Some of the factorsdriving the
OSS BSS market include rising acceptance of customized cloud OSS BSS
solutions, enhancing overall customer experience, rising demand for
convergent billing systems and lower operational expenses. Lack of
knowledge in cloud technology is a key factor restraining the OSS BSS
market growth, moreover growing concern for cloud technology is
further expected to restrain the OSS BSS market growth over the next
few years. High rate of adoption of could based OSS BSS in the
telecommunication industry is expected to be a key opportunity for
the market growth over the next few years. Further, growing
complexity in the telecommunication industry is another challenge
faced by the cloud based OSS BSS service providers and this is
further expected to restrain the OSS BSS technology over the next few
years.
The OSS BSS market
by type has been segmented into services and solutions. The OSS BSS
market by solution has been segmented into business support system
andoperational support system. The business support system has been
further segmented into product and customer management, revenue and
billing management and service fulfillment. The operations support
system segment in the OSS BSS market segmented by solutions has been
segmented into resource inventory management, network management and
service assurance.
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Further, the OSS BSS
market by deployment model has been segmented into private could,
public could and hybrid could. The public could segment in the OSS
BSS market segmented by deployment model led the market in this
segment. Growing usage of could base OSS BSS enables CPs to develop
better and enhanced customer experience, with reduction in operating
expenses. Companies which work with cloud based BSS OSS are rapidly
inclining towards the deployment of could based services so that they
can store and manage their data in a more organized manner and in the
process optimize their business processes.
The cloud based OSS
BSS market by end use industry has been segmented into
telecommunication, defense and surveillance, aerospace, healthcare,
automotive and others. The telecommunication segment in the could
based OSS BSS market segmented by end use industry led the market and
is expected to grow at the fastest rate over the next few years.
Geographically the
cloud based OSS BSS market has been broadly segmented into North
America, Latin America, Asia Pacific, Europe and Middle East and
Africa. North America led the cloud based OSS BSS market. Growing
need for bundled services and shifting workload towards cloud based
environment are driving the market in North America. Europe followed
North America in the cloud based OSS BSS market and Asia Pacific is
expected to grow at the fastest rate over the next few years.
Some of the key
players operating in the cloud based OSS BSS market include, Amdocs
(U.S.), Accenture (Ireland), Cisco Systems, Inc. (US),LM Ericsson
Telephone Company (Sweden),Comarch S.A., (Poland),Hewlett Packard
Enterprise Company (U.S.) and Nokia Corporation (Finland) among
others.
The report offers a
comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections
about market size. The projections featured in the report have been
derived using proven research methodologies and assumptions. By doing
so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited
to: Regional markets, technology, types, and applications.
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