The Cloud OSS BSS Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cloud OSS BSS Global Market Report 2024, The cloud oss bss market size has grown rapidly in recent years. It will grow from $24.22 billion in 2023 to $27.09 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. 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 $44.11 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. 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..
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.
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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
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 report table of contents includes:
1. Executive Summary
2. Cloud OSS BSS Market Characteristics
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
…
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
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