Showing rapid growth, the cloud OSS BSS market size is expected to expand from $26.5 billion in 2024 to $29.32 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.7%. This historic period growth can be attributed to factors such as telecom network evolution, an increasing subscriber base, market competition and innovation, demand for real-time data, globalization of telecom operations, a focus on customer experience, and data privacy and compliance.
The cloud OSS BSS market is projected to see a substantial surge in the coming years, growing to $51.25 billion in 2029 at a compound annual growth rate (CAGR) of 15.0%. The acceleration in forecast period growth can be attributed to emerging factors including cybersecurity concerns, digital transformation initiatives, subscription-based business models, telecom network convergence, a focus on operational efficiency, and regulatory support for telecom innovations. Major trends impacting 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, and customer experience management.
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What Are the Key Growth Drivers in the Cloud OSS BSS Market?
A significant driver of growth in the cloud OSS BSS market is the increase in the adoption of 5G technology. As a wireless technology aimed at offering higher peak data rates of multiple gigabits per second (Gbps), extreme low latency, increased stability, massive network capacity, and a consistent user experience, 5G is reshaping the landscape of telecommunication infrastructure. 5G technology enables service providers to offer a myriad of use cases necessitating the automation of the OSS/BSS infrastructure from both the front and back-end. As proof, by the end of March 2024, 585 operators in 175 countries and territories are investing in 5G, according to GSAcom, a UK-based non-profit organization representing companies in the mobile ecosystem. Thus, elevated 5G adoption acts as a significant catalyst in driving growth in the cloud OSS BSS market.
Who Are the Key Segments in the Global Cloud OSS BSS Market?
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
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Which Major Companies Are Operating in the Global Cloud OSS BSS Market?
Noteworthy companies operating in the cloud OSS BSS market include Huawei Technologies Co. Ltd., Optiva Inc., International Business Machines Corporation, NetCracker Technology Corp., Nokia Corporation, Amdocs Limited, Oracle Corporation, ZTE Corporation, Telefonaktiebolaget LM Ericsson, Hewlett Packard Enterprise Company, MYCOM OSI Ltd., Accenture PLC, Subex Limited, Comviva Technologies Limited, TEOCO Corporation, MDS Global Ltd., Sigma Systems Canada LP (A Hansen Technologies Company), Cerillion PLC, TIBCO Software Inc., Sterlite Technologies Limited, Alepo Technologies Inc., MATRIXX Software Inc., Telarix Inc., DigitalRoute AB, UXP Systems Inc., Viavi Solutions Inc., Aricent Inc., BearingPoint Holding B.V.
What Are The Major Emerging Trends in the Cloud OSS BSS Market?
Businesses operating in the cloud OSS BSS market are prioritising technological enhancements such as AI-fueled analytics and automation answers to improve operational efficiency and customer experience in telecom services. For example, in February 2023, Snowflake Inc., a US-based cloud data platform company, introduced the Telecom Data Cloud. This unified platform permits telecom service providers to manage and analyze data securely in real-time.
Which Region is the Largest and Fastest-Growing in the Cloud OSS BSS Market?
With the largest regional share, North America dominated the cloud OSS BSS market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the cloud OSS BSS market during the forecast period. The regions covered in the cloud OSS BSS market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Does The Cloud OSS BSS Market Report 2025 Offer?
The cloud OSS refers to the software usually utilized by businesses to control their operating systems or communication networks. Telecom service providers use it to supervise, control, evaluate, and manage a computer or telephone network system. Subsequently, the cloud OSS is typically employed by businesses to handle all business operations, including processing and financial concerns. The Cloud OSS BSS Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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