The cloud oss bss global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cloud OSS BSS Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The cloud oss bss market size has grown rapidly in recent years. It will grow from <b>$24.22 billion in 2023 to $27.09 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. </b> The growth in the historic period can be attributed to telecom network evolution, increasing subscriber base, market competition and innovation, demand for real-time data, globalization of telecom operations, focus on customer experience, data privacy and compliance.
The cloud oss bss market size is expected to see rapid growth in the next few years. It will grow to <b>$44.11 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. </b> The growth in the forecast period can be attributed to cybersecurity concerns, digital transformation initiatives, subscription-based business models, telecom network convergence, focus on operational efficiency, regulatory support for telecom innovations. Major trends in the forecast period include migration to cloud-based solutions, integration of ai and machine learning, 5g network rollouts, security and compliance, service orchestration and automation, hybrid and multi-cloud deployments, customer experience management.
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Scope Of Cloud OSS BSS Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cloud OSS BSS Market Overview
Market Drivers –
The increase in 5G adoption is expected to propel the growth of the cloud OSS BSS market going forward. The fifth-generation mobile network (or 5G) is a wireless technology aimed to give more users with higher peak data rates of multiple gigabits per second (Gbps), extremely low latency, better stability, massive network capacity, and a more consistent user experience. Service providers can offer a variety of use cases due to 5G, which necessitates automation of the OSS/BSS infrastructure from both the front-end and back-end. For instance, in December 2021, according to the statistics published by 5GAmericas, a US-based industry trade organization, 5G connections in North America reached 72 million in 2021. Therefore, increasing 5G adoption is driving the growth of the cloud OSS BSS market.
Market Trends –
Advancements in cloud-based technologies are a key trend gaining popularity in the cloud OSS BSS market. Major players in the cloud OSS/BSS sector are focused on advancements in cloud-based technologies to sustain their market position. For instance, in March 2021, Accenture, an Ireland-based information technology services company, created an integrated solution framework for the purpose of assisting communications service providers (CSPs) with their transition to cloud-based BSS. Accenture’s integrated technology assets, specifically adapted to the communication industry’s specific business and technological requirements and developed in conjunction with leading technology providers, enable the framework’s uniqueness. This architecture of CSPs can benefit from the cloud’s dual value proposition of increased revenue and lower.
The cloud oss bss market covered in this report is segmented –
1) By Component: Solution, Services
2) By Cloud Type: Public Cloud, Private Cloud, Hybrid Cloud
3) By Operator Type: Mobile Operator, Fixed Operator
4) By Organization Size: Large enterprises, SMEs
5) By Industry Vertical: IT and Telecom, BFSI, Media and Entertainment, Retail and E Commerce, Other Industrial Verticals
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Regional Insights –
North America was the largest region in the cloud OSS BSS market in 2023. Asia-Pacific is expected to be the fastest-growing region in the cloud OSS BSS market report forecast period. The regions covered in the cloud oss bss market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the cloud oss bss market report are Huawei Technologies Co. Ltd., Optiva Inc., International Business Machines Corporation, NetCracker Technology Corp., Nokia Corporation, Amdocs Limited, Oracle Corporation, ZTE Corporation, Telefonaktiebolaget LM Ericsson, Hewlett Packard Enterprise Company, MYCOM OSI Ltd., Accenture plc, Subex Limited, Comviva Technologies Limited, TEOCO Corporation, MDS Global Ltd., Sigma Systems Canada LP (A Hansen Technologies Company), Cerillion plc, TIBCO Software Inc., Sterlite Technologies Limited, Alepo Technologies Inc., MATRIXX Software Inc., Telarix Inc., DigitalRoute AB, UXP Systems Inc., Viavi Solutions Inc., Aricent Inc., BearingPoint Holding B.V.
Table of Contents
1. Executive Summary
2. Cloud OSS BSS Market characterstics
3. Cloud OSS BSS Market Trends And Strategies
4. Cloud OSS BSS Market – Macro Economic Scenario
5. Global Cloud OSS BSS Market Size And Growth
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31. Global Cloud OSS BSS Market Competitive Benchmarking
32. Global Cloud OSS BSS Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Cloud OSS BSS Market
34. Cloud OSS BSS Market Future Outlook and Potential Analysis
35. Appendix
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