The operations support systems and business support systems (oss and bss) global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Operations Support Systems And Business Support Systems (OSS And BSS) Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The OSS and BSS market size has grown rapidly in recent years. It will grow from $54.38 billion in 2023 to $61.69 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to rise of virtual network operators, growing need for cybersecurity solutions, demand for real-time analytics, demand for converged billing systems, increasing complexity of telecom networks.
The OSS and BSS market size is expected to see rapid growth in the next few years. It will grow to $96.30 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to growing need for scalable solutions, increasing demand for cloud-based solutions, rising demand for IoT connectivity management, increasing demand for 5G networks, demand for network automation. Major trends in the forecast period include adoption of artificial intelligence and machine learning, expansion of broadband networks, integration of blockchain technology, integration of Internet of Things (IoT) platforms, technological advancement.
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Scope Of Operations Support Systems And Business Support Systems (OSS And BSS) Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Operations Support Systems And Business Support Systems (OSS And BSS) Market Overview
Market Drivers –
The growing need for cybersecurity solutions is expected to propel the growth of the OSS and BSS market going forward. Cybersecurity solutions refer to a range of technologies, practices, and policies designed to protect digital systems, networks, and data from unauthorized access, cyberattacks, and other potential threats. The growing reliance on digital infrastructure, interconnected systems, and the increasing sophistication of cyber threats necessitate the continuous evolution and adoption of cybersecurity solutions to safeguard sensitive information and critical assets. Operations support systems (OSS) and business support systems (BSS) facilitate cybersecurity by monitoring network operations, managing customer data securely, and ensuring compliance with regulatory requirements for telecommunications service providers. For instance, in April 2023, according to the Department for Science, Innovation, and Technology, a UK-based government body, cybercrime affected 11% of businesses and 8% of charities in total over the past 12 months, this number increased to 26% of medium-sized businesses, 37% of large businesses, and 25% of high-income charities. Furthermore, in March 2023, according to the World Economic Forum, a Switzerland-based non-governmental organization, the number of cyberattacks that target users in NATO (The North Atlantic Treaty Organization) countries had surged by 300% since 2020. Therefore, the growing need for cybersecurity solutions is driving the growth of the OSS/BSS market.
Market Trends –
Major companies operating in the OSS/BSS market are focusing on technological advancements, such as the use of low-code platforms for automation and development, to gain a competitive edge in the market. Low-code platforms make it easier and faster to develop OSS and BSS solutions by reducing the need for extensive coding knowledge. This approach also makes it more accessible for businesses and organizations to implement OSS and BSS solutions that are tailored to their specific needs. For instance, in November 2023, Cerillion, a UK-based telecommunications company, launched Cerillion 23.2, an updated version of its BSS and OSS suite. This new version incorporates generative artificial intelligence (GenAI) to revolutionize the product lifecycle for communications service providers (CSPs). With this update, product managers can use natural language voice and text instructions to describe offerings, and GenAI will quickly construct the corresponding product catalog configuration for validation and launch.
The operations support systems and business support systems (OSS and BSS) market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment Mode: On-Premises, Cloud-Based
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Industry Vertical: Information Technology (IT) And Telecommunication, Banking, Financial Services And Insurance (BFSI), Media And Entertainment, Retail And E-Commerce, Other Industry Verticals
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Regional Insights –
North America was the largest region in the OSS and BSS market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the operations support systems and business support systems (OSS and BSS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the operations support systems and business support systems (OSS and BSS) market are Huawei Technologies Co. Ltd., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Hewlett Packard Enterprise (HPE), Ericsson, Nokia Corporation, Infosys Limited, ZTE Corporation, CAPGEMINI SE, Amdocs Limited, Netcracker Technology, CSG International, TIBCO Software Inc., Calix Inc., Sterlite Technologies Limited, Subex Limited, TEOCO Corporation, Comviva, Alepo Technologies Inc., Optiva Inc., OPTELECOM, Matrixx Software Inc., Neural Technologies Limited, THE SIGMA GROUP
Table of Contents
1. Executive Summary
2. Operations Support Systems (OSS) And Business Support Systems (BSS) Market Characteristics
3. Operations Support Systems (OSS) And Business Support Systems (BSS) Market Trends And Strategies
4. Operations Support Systems (OSS) And Business Support Systems (BSS) Market – Macro Economic Scenario
5. Global Operations Support Systems (OSS) And Business Support Systems (BSS) Market Size and Growth
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32. Global Operations Support Systems (OSS) And Business Support Systems (BSS) Market Competitive Benchmarking
33. Global Operations Support Systems (OSS) And Business Support Systems (BSS) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Operations Support Systems (OSS) And Business Support Systems (BSS) Market
35. Operations Support Systems (OSS) And Business Support Systems (BSS) Market Future Outlook and Potential Analysis
36. Appendix
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