🚀 Exploring the Future of Next-Generation OSS and BSS Market 🌐
The digital revolution has transformed the way we connect and communicate. With the growing adoption of digital devices, high-speed internet has become a necessity. This evolution has given rise to Next-Generation OSS and BSS systems, which are at the heart of the telecommunications industry.
📱 Digital Device Boom:
The proliferation of smartphones, tablets, laptops, and more has led to an increased demand for high-speed internet. To stay competitive, Communication Service Providers (CSPs) need to analyze customer preferences, pricing trends, and data packages. Next-Generation OSS and BSS systems are essential for this.
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🌐 5G and Advanced Technologies:
The rollout of 5G networks and the adoption of technologies like cloud computing, IoT, AI, and ML are driving the need for high-speed internet and network connectivity. CSPs are embracing OSS/BSS systems to automate billing, customer service, and order management, making them crucial for the telecom industry.
📈 5G Revenue Growth:
A report reveals that 72% of communication service providers believe that 5G’s success hinges on advanced OSS/BSS systems. These systems not only enhance revenue but also help detect and manage network faults.
Segmentation:
by Architecture Type
Revenue management
Service fulfillment
Customer management
Account management
Service assurance
Network management systems
by Network
Cable and satellite
Fixed and wireless
Mobile
Mobile virtual network enabler (MVNE)
Others
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Key Players:
1. Hewlett Packard Enterprise
2. Huawei Technologies Co., Ltd.
3. Capgemini
4. Accenture plc.
5. Amdocs, Inc.
6. CSG Systems International, Inc.
7. Oracle Corporation
8. IBM Corporation
9. Log Net Systems Ltd.
10. Dorado Software
11. Sigma Systems
12. Elitecore Technologies
13. Formula Telecom Solutions
14. Texas Instruments Incorporated
15. Magnaquest Technologies
16. Netonomy
17. MACC’s
18. Transaction Capital
19. Contact Solutions
20. Cerillion Technologies
21. MDS Global
22. InfoSend
23. Aptilo Networks
24. Nexnet Solutions
25. Relay2
26. Optiva
27. Comarch SA
💰 Challenges:
However, it’s worth noting that the installation cost of Next-Generation OSS/BSS systems is high, and their complex infrastructure can be expensive to maintain. Additionally, prepaid billing systems face challenges in providing address-based user accounts.
🌎 Global Outlook:
North America is expected to lead the market due to the adoption of advanced technologies, while the Asia Pacific is set to experience rapid growth, thanks to the increasing use of smartphones and government initiatives to build smart cities.
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