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The global next generation OSS and BSS market is expected to reach USD 58.41 billion by 2025LONDON, Feb. 22, 2018 /PRNewswire/ -- Next Generation OSS & BSS Market Analysis By Architecture (Revenue Management, Service Fulfillment, Service Assurance, Customer Management), By Network, And Segment Forecasts, 2014 - 2025 CSPs are focused on gaining the advantage of newer technology aimed at increasing revenue and lowering risk of providing services to the customers. Next generation OSS and BSS transformation are enabling marketers to launch new promotions & pricing plans, thereby reducing time-to-market and resulting higher revenue generation. This also results in business agility and innovation for the CSPs. Growing requirement of advanced OSS and BSS for supporting over-the-horizon services such as Cloud and M2M is furthermore anticipated to impact industry growth over the next eight years. Further key findings from the study suggest that: • In 2016, the mobile segment dominated the next generation OSS and BSS market, and was valued at USD 10.02 billion • The revenue management segment is anticipated to continue its dominance over the forecast period, it is projected to reach at USD 16.12 billion by 2025 • The customer management is anticipated to witness highest CAGR of 10.3% over the forecast period. The growth is attributed to increased focus on various tools aimed to understand customers and cater to them accordingly. • North America was valued at USD 10.16 billion in 2016 and is expected to hold a predominant share in the market, followed by Asia Pacific • Asia Pacific is anticipated to be the fastest growing region for the next generation OSS and BSS market, growing at a CAGR of 9.5% over the forecast period. The growth can be attributed to the fact that 4G network has emerged positively in this region and is projected to have a deeper penetration over the forecast period. • The key players in this market are Accenture plc, Amdocs, Inc., Capgemini SE, CSG System International, Inc. and Hewlett Packard Enterprise Co. (HPE), among others. Download the full report: https://www.reportbuyer.com/product/5291773 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +1 (718) 213 4904 Website: www.reportbuyer.com View original content:http://www.prnewswire.com/news-releases/the-global-next-generation-oss-and-bss-market-is-expected-to-reach-usd-5841-billion-by-2025-300602942.html SOURCE ReportBuyer |