Right Now
Global
Next Generation OSS and BSS Market Share to Reach USD 175.10 Billion by
2030, Driven by 5G Adoption and Digital Transformation Initiatives
Market Estimation & Definition
Maximize Market Research has released an in-depth analysis
report on the Global Next Generation OSS and BSS Market, forecasting its
expansion from USD 58.23 billion in 2023 to USD 175.10 billion by 2030, growing
at an impressive CAGR of 16.12% during the forecast period.
OSS (Operations Support Systems) and BSS (Business Support
Systems) are critical software tools that telecommunications companies use to
manage networks, billing, customer relationships, and operations. The next
generation OSS and BSS platforms integrate advanced technologies like cloud
computing, artificial intelligence (AI), machine learning (ML), and analytics
to provide seamless digital experiences, agile business models, and real-time
data management.
These systems offer enhanced customer engagement,
operational automation, real-time monitoring, and support for emerging
technologies like 5G, IoT, and edge computing.
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Market Growth Drivers & Opportunity
Key Drivers:
- 5G
Network Deployment:
The rapid global deployment of 5G infrastructure has significantly
increased the demand for next generation OSS and BSS solutions that can
manage complex network operations, enhance service delivery, and support
real-time analytics. - Growing
Need for Digital Transformation:
Communication Service Providers (CSPs) are adopting digital platforms to
improve customer experience, reduce operational costs, and gain a
competitive edge. Next generation OSS/BSS facilitates digital billing,
CRM, self-service portals, and AI-driven support. - Increased
Adoption of Cloud-based Solutions:
The growing preference for cloud-native OSS and BSS platforms enables
telecom operators to scale their operations flexibly and cost-effectively. - Demand
for Real-time Customer Insights:
Rising customer expectations for personalized and seamless services drive
the need for OSS/BSS systems that provide real-time data analytics and
predictive insights. - Expansion
of IoT and Smart Devices:
The proliferation of IoT devices and smart ecosystems has led to increased
complexity in networks, necessitating robust OSS/BSS platforms for
effective management.
Opportunities:
- Integration
of AI and ML for automated customer support and network optimization. - Growth
in smart cities and connected infrastructure projects. - Increasing
demand for SaaS-based OSS/BSS platforms. - Strategic
collaborations between telecom operators and tech companies. - Expansion
into emerging markets in Asia-Pacific, Latin America, and Africa.
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Segmentation Analysis
By Component:
- Solutions
- Billing
& Revenue Management - Customer
& Product Management - Network
Management - Service
Fulfillment & Assurance - Others
- Services
- Consulting
- Implementation
- Managed
Services
By Deployment Mode:
- On-premises
- Cloud-based
By Enterprise Size:
- Small
and Medium Enterprises (SMEs) - Large
Enterprises
By End-user:
- Telecom
Operators - Enterprises
The Solutions segment dominated the market in 2023
due to the rising adoption of billing, CRM, and network management tools.
However, the Services segment is expected to grow rapidly due to the
increasing demand for managed services and consulting.
The Cloud-based deployment mode is witnessing
significant traction, fueled by its scalability, cost-effectiveness, and ease
of integration with advanced technologies.
Country-Level Analysis: USA & Germany
USA:
The USA remains the largest market for next generation OSS
and BSS solutions due to early 5G adoption, large telecom infrastructure, and
high investments in digital transformation initiatives. The presence of key
players like Amdocs, Oracle, and IBM further fuels market growth. The increased
focus on enhancing customer experience and deploying real-time analytics
solutions supports the market expansion.
Germany:
Germany is one of the fastest-growing markets in Europe,
driven by its strong telecom industry and focus on Industry 4.0 initiatives.
The rapid deployment of 5G networks, IoT adoption, and smart city projects are
propelling the demand for advanced OSS/BSS platforms in the country. German
telecom operators are increasingly adopting cloud-based OSS/BSS solutions for
better network efficiency and customer engagement.
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Competitor Analysis
Key Players in the Global Next Generation OSS and BSS
Market:
- Amdocs
- Oracle
Corporation - IBM
Corporation - Nokia
Corporation - Huawei
Technologies Co., Ltd. - Ericsson
AB - Netcracker
Technology Corporation - Accenture
- Hewlett
Packard Enterprise (HPE) - ZTE
Corporation - Sigma
Systems - CSG
Systems International - Comarch
SA - Optiva
Inc.
These companies are focusing on strategic partnerships,
product innovation, mergers & acquisitions, and cloud-based offerings to
strengthen their market position.
Recent Developments:
- In
2023, Amdocs launched its AI-powered OSS/BSS platform to support 5G
monetization. - Nokia
enhanced its cloud-native BSS suite with advanced analytics. - IBM
collaborated with telecom operators to offer hybrid cloud OSS/BSS
solutions.
Want market insights? Read the summary of the research
report for essential data:
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About Maximize Market Research:
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and consulting company with professionals from several industries. Some of the
industries we cover include medical devices, pharmaceutical manufacturers,
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technology and communication, cars and automobiles, chemical products and
substances, general merchandise, beverages, personal care, and automated
systems. To mention a few, we provide market-verified industry estimations,
technical trend analysis, crucial market research, strategic advice,
competition analysis, production and demand analysis, and client impact studies.
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