Operations Support Business Support (OSS BSS) Software Market to grow by USD 52.18 billion from 2022 to 2027|Growing adoption of cloud-based BSS drives the growth of the market - Technavio
NEW YORK, July 17, 2023 /PRNewswire/ -- The operations support business support (OSS BSS) software market size is expected to increase by USD 52.18 billion from 2022 to 2027, registering a CAGR of 13.24%, according to the latest research report from Technavio. Discover Application Software industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!
The operations support business support (oss bss) software market covers the following areas:
The global OSS BSS software market is highly competitive. The market has a large number of vendors that provide the required software. Currently, the global OSS BSS software market is in the stage of growth and will grow at a significant rate during the forecast period. The operations support business support (OSS BSS) software market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Vendor Offerings
Accenture Plc - The company offers operations support business support software such as Business Process Outsourcing.
Amdocs Ltd. - The company offers operations support business support software such as iPaaS which is an industry-focused integration framework.
Aria Systems Inc. - The company offers operations support business support solutions to build an autonomous business, secure data, and provide a seamless experience for customers and business users.
For the market's vendor landscape highlights with a comprehensive list of vendors and their offerings - View Sample in a minutes
Key Market Segmentation
This report extensively covers operations support business support (OSS BSS) software market segmentation by product (OSS and BSS), deployment (cloud-based and on-premise), and geography (North America, APAC, Europe, South America, and Middle East and Africa).
The market share growth by the OSS will be significant during the forecast period. The growth can be attributed to factors such as the need for customer-centric communication service providers (CSPs) and applications that improve customer experience. Hence, such factors boost the segment growth during the forecast period.
North America contributes 28% to market growth during the forecast period. Market growth in this region will be faster than the growth of the market in other regions. The market growth is facilitated by factors such as a rise in IoT, implementation of automation across end-user industries, increasing investments in smart city initiatives, and increasing use of social networking platforms. Hence, such factors boost the regional market growth during the forecast period.
For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report
Companies Mentioned
Accenture Plc
Amdocs Ltd.
Aria Systems Inc.
Cerillion Plc
CHR Solutions
Comarch SA
Hansen Technologies Ltd.
Hewlett Packard Enterprise Co.
Hitachi Ltd.
Huawei Technologies Co. Ltd.
NEC Corp.
New Era Technological Support S A
Nokia Corp.
Optiva Inc.
Oracle Corp.
SAP SE
Saskatchewan Telecommunications Holding Corp.
SUBEX Ltd.
Telefonaktiebolaget LM Ericsson
Tridens doo
What's New?
Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!
OSS BSS Software Market - Market Dynamics
Key Drivers
The growing adoption of cloud-based BSS drives the market growth during the forecast period.
SMEs became increasingly important to CSPs as a means to boost their business.
Furthermore, cloud-based BSS effectively delivers business agility and a scalable IT infrastructure and the service operators have been focusing on delivering a real-time experience to customers with the increasing adoption of M2M solutions in vertical industries.
Hence, such factors boost the market growth during the forecast period.
Major Challenges
The lack of in-house expertise challenges the growth of the market during the forecast period.
Usually, generating a single invoice for the telecom services is the primary objective of cloud billing services.
But the services are becoming more complex because of the integration of different telecom services and the addition of new and sophisticated features.
Furthermore, most of the services are being frequently upgraded or changed due to the rapid technological advances in this field, which leads to a prohibitive cost of training for a skilled and trained workforce.
Hence, such challenges impede market growth during the forecast period.
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Operations Support Business Support (OSS BSS) Software Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 13.24%
Market growth 2023-2027
USD 52.18 billion
Market structure
Fragmented
YoY growth 2022-2023(%)
12.68
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 28%
Key countries
US, China, Japan, Germany, and UK
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Accenture Plc, Amdocs Ltd., Aria Systems Inc., Cerillion Plc, CHR Solutions, Comarch SA, Hansen Technologies Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Technologies Co. Ltd., NEC Corp., New Era Technological Support S A, Nokia Corp., Optiva Inc., Oracle Corp., SAP SE, Saskatchewan Telecommunications Holding Corp., SUBEX Ltd., Telefonaktiebolaget LM Ericsson, and Tridens doo
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Key Topics Covered:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Product
Exhibit 06: Executive Summary ? Chart on Market Segmentation by Deployment
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global operations support business support (OSS BSS) software market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on global operations support business support (oss bss) software market 2017 - 2021 ($ billion)
Exhibit 155: New Era Technological Support S A - Overview
Exhibit 156: New Era Technological Support S A - Product / Service
Exhibit 157: New Era Technological Support S A - Key offerings
12.15 Nokia Corp.
Exhibit 158: Nokia Corp. - Overview
Exhibit 159: Nokia Corp. - Business segments
Exhibit 160: Nokia Corp. - Key offerings
Exhibit 161: Nokia Corp. - Segment focus
12.16 Optiva Inc.
Exhibit 162: Optiva Inc. - Overview
Exhibit 163: Optiva Inc. - Product / Service
Exhibit 164: Optiva Inc. - Key offerings
12.17 Oracle Corp.
Exhibit 165: Oracle Corp. - Overview
Exhibit 166: Oracle Corp. - Business segments
Exhibit 167: Oracle Corp. - Key news
Exhibit 168: Oracle Corp. - Key offerings
Exhibit 169: Oracle Corp. - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 170: Inclusions checklist
Exhibit 171: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 172: Currency conversion rates for US$
13.4 Research methodology
Exhibit 173: Research methodology
Exhibit 174: Validation techniques employed for market sizing
Exhibit 175: Information sources
13.5 List of abbreviations
Exhibit 176: List of abbreviations
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