Latest News:- Operations Support Business Support (OSS BSS) Software Market: OSS is expected to lead the Product segment during 2024-2028

Operations Support Business Support (OSS BSS) Software Market to grow at a CAGR of 15.2% during 2024-2028

The Operations Support Business Support (OSS BSS) Software Market is expected to grow at a CAGR of 15.2% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 70.2 billion. The global market for Operations Support Systems (OSS) and Business Support Systems (BSS) software is experiencing significant growth, aligned with the rising number of 5G trials taking place worldwide. Companies are executing these trials to establish a foundation for the implementation and deployment of 5G networks. These trials incorporate 5G technology into various applications, such as transportation, entertainment, and industry. In collaboration with telecommunications companies, 5G equipment manufacturers are conducting these trials to integrate 5G networks into their offerings. The escalating number of 5G installations for these trials will consequently fuel the demand for OSS BSS software solutions on a global scale. 

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The OSS subsegment is expected to dominate the Product segment during the forecast period 

Technavio analysts predict that the OSS subsegment will lead the Product segment during 2024 and 2028 The Operations Support Systems (OSS) and Business Support Systems (BSS) software market plays a crucial role in enhancing the efficiency and effectiveness of business operations. These systems facilitate seamless communication between various departments, enabling real-time data access and analysis. OSS and BSS solutions optimize business processes, reduce operational costs, and improve customer experience. Key features include fault management, service assurance, billing, and customer relationship management. Market growth is driven by the increasing demand for automation, digital transformation, and the need for real-time data analysis.

Here are the various ways based on which the market is segmented: 

• Product
  • OSS
  • BSS
• Deployment
  • Cloud-based
  • On-premises
• Geography
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa

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There are several factors that are causing the market to flourish growing adoption of cloud-based bss (business support)

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Operations Support Systems (OSS) and Business Support Systems (BSS) software market plays a crucial role in the telecommunications industry by providing essential software tools for service fulfillment, network management, and product management. These systems help Communication Service Providers (CSPs) deliver high-speed internet services and manage mobile networks, mobile devices, and digital transformation initiatives. OSS/BSS components include network planning, service assurance, configuration, service provisioning, fault management, and network inventory. Monetization strategies are a key focus area for OSS/BSS, enabling CSPs to effectively manage and monetize their IT infrastructure and telecommunications services using IT systems like Amazon Web Services. Hardware and software are integral to OSS/BSS solutions. Network management involves managing the performance, availability, and security of the mobile network. Service fulfillment ensures the delivery of services to customers, while product management enables CSPs to manage their offerings and pricing. OSS/BSS software is essential for CSPs to effectively manage their IT infrastructure and telecommunications services, providing the necessary support for high-speed internet services, mobile devices, and digital transformation initiatives.

Market Research Overview

The IT software market encompasses businesses specializing in the creation and distribution of application and system software, as well as database management solutions. The application software sector focuses on developing and delivering software tailored for specific business or consumer requirements, including enterprise and technical applications, as well as cloud-based solutions. Technavio determines the size of the global IT software market by aggregating the revenues of organizations providing all forms of IT software, including cloud services. This market excludes those classified under the interactive home entertainment sub-industry and those producing systems or database management software within the systems software sub-industry.

The Operations Support Business Support (OSS BSS) Software Market is experiencing significant growth, fueled by the growing adoption of cloud-based bss (business support). Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
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