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Global OSS/BSS Market Could Grow to $48.54B by 2018

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October 23, 2014

Global OSS/BSS Market Could Grow to $48.54B by 2018

By Michael Guta, TMCnet Contributing Writer


Telecommunications service providers use physical equipment with embedded software so they can offer services to their customers. In addition to the embedded network software, they need business support systems (BSS) and operations support system (OSS) applications to run the day-to-day operations. The BSS applications are used to manage business operations focusing on external businesses such as billing, rating, sales management, customer-service management and customer databases. The OSS applications are for internal operations, including network and services, service quality monitoring, network and server performance, logical and physical resources management. Together they are the foundation which enable telecom’s to effectively manage their networks, business and customer relations.


A new report published by Transparency Market Research has revealed the global OSS/BSS market is set to grow to $48.54 billion by 2018, which is dramatically higher from the value of the market in 2011 when it generated $17 billion. According to this report it is projected to show a year-on-year compound annual growth rate (CAGR) of 16.2 percent during the forecast period.

Several different factors have come in to play to create a favorable market condition for the current state of the industry. This includes the deployment of 4G and LTE (News - Alert) networks, smartphones and other mobile device, and cloud technology. The convergence of these technologies is increasing demand on telecom operators to provide more services, which will dictate the growth of the OSS/BSS industry.

Although the report highlights positive outlook for the industry, it also points out the complexities rising from integrating OSS/BSS with existing network infrastructure could pose some challenges and hinder the growth of the market. Additionally it foresees unfavorable regulatory measures in the Asia-Pacific region could cause problems if policies are not implemented to encourage growth.

Currently the largest revenue for the industry is coming from the North American region. This is primarily due to the regions early entry in the market, which has resulted in delivering significant commercialization and widespread network of telecommunication channels. However, the Asia-Pacific region will be experiencing the fastest growth during the forecast years as improved and new services in developing countries such as India and China continue to be deployed.

“As technology advances at a rapid rate and the prices of smart mobile devices keep reducing on the global front, the number of users of telecom services for manifold applications is estimated to see huge growth in the coming times as well. This would help the OSS/BSS market to achieve new heights,” stated the Transparency Market Research report. 




Edited by Alisen Downey







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