Global Cloud OSS/BSS Market Overview:
OSS/BSS means operational support system and business support system. In the telecom industry cloud bss and oss have been becoming more popular to reduce the cost and vendor management overhead. Rapidly growing wireless connectivity created the demand for high-speed internet connectivity with high bandwidth. Deployment of cloud oss and bss into a 5G network will help CSPs or telecom operators to support complex business models and to improve service, revenue, and customer engagement.
- Increased Migration to the Cloud OSS/BSS to Improve Operational Agility and Reduce Cost
- Surging Demand for Cloud OSS/BSS for Rapid Monetization of Data Network and Enhanced Customer Experience
- High Cost of CAPEX and OPEX for Specialized OSS Software
- Growing Deployment of OSS into Cloud by Most of the Tier 1 CSPs to Overcome Technical Challenges
- Availability of a Large Number of Global Players in the Telecom Technology Market
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Red Hat, Inc. (IBM) (United States), Microsoft Corporation (United States), Nokia Corporation (Finland), Amdocs (United States), Ericsson (Sweden), Amazon Web Services (United States), Oracle Corporation (United States), Huawei (China), Optiva (Canada), Netcracker Technology (United States), Alepo (United States), Hewlett Packard Enterprise (United States) and STL Tech (India). Analyst at AMA Research see United States Players to retain maximum share of Global Cloud OSS/BSS market by 2026. Considering Market by Components, the sub-segment i.e. Solutions will boost the Cloud OSS/BSS market. Considering Market by Enterprise Size, the sub-segment i.e. Small and Medium Enterprises will boost the Cloud OSS/BSS market. Considering Market by Deployment, the sub-segment i.e. Private Cloud will boost the Cloud OSS/BSS market.
Latest Market Insights:
In May 2021, AWS and Ericsson partnered to support communication service providers for the journey to deploy cloud BSS. Ericsson is a leading provider of telecom technologies and combining with AWS will allow CSPs to leverage an agile systems environment to accelerate their digital transformation and launch new innovative services.
What Can be Explored with the Cloud OSS/BSS Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cloud OSS/BSS Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cloud OSS/BSS
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cloud OSS/BSS market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cloud OSS/BSS market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Cloud OSS/BSS Solutions & Service Providers, Telecommunication Companies and Communication service providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Cloud OSS/BSS Market?
The Cloud OSS/BSS market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Cloud OSS/BSS Market?
Top performing companies in the Global Cloud OSS/BSS market are Red Hat, Inc. (IBM) (United States), Microsoft Corporation (United States), Nokia Corporation (Finland), Amdocs (United States), Ericsson (Sweden), Amazon Web Services (United States), Oracle Corporation (United States), Huawei (China), Optiva (Canada), Netcracker Technology (United States), Alepo (United States), Hewlett Packard Enterprise (United States) and STL Tech (India), to name a few.
3. What trending factors would impact Cloud OSS/BSS Market growth most?
"The Evolution of 5G Network Connectivity Across the Globe" is seen as one of major influencing trends for Cloud OSS/BSS Market during projected period 2020-2026.