Global Cloud OSS BSS Market is expected to rise from its initial estimated value of USD 13.23 billion in 2018 to an estimated value of USD 36.33 billion by 2026, registering a CAGR of 13.45% in the forecast period of 2019-2026. OSS/BSS stands for operations support systems/ business support system which provides network and customer data for back office. OSS is used to provide data such as network availability and network data information and BSS provide subscription information. Need of faster deployment and growing awareness about cloud OSS BSS is the major factor for the growth of this market.
Major Market Drivers are as follows:
- Increasing preference for convergent billing systems is driving the market.
- Low operational cost is driving the market.
- Risk concerns related to cloud security is restraining the market.
- Less adoption of cloud technology.
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Key Market Competitors: Cloud OSS BSS Market
Few of the major competitors are Accenture, Huawei Technologies Co., Ltd., Hewlett Packard Enterprise Development LP, Nokia, Oracle, Sigma Systems Canada LP, Cisco Systems, MYCOM OSI, Comviva, IBM Corporation, Telefonaktiebolaget LM Ericsson, Netcracker, Optiva, Inc, Tata Consultancy Services Limited., AMDOCS, SUBEX, TEOCO Corporation.
This Cloud OSS BSS Market research report makes available state-of-the-art information about the entire market along with the holistic view of the market. This Cloud OSS BSS Market research report displays a complete overview of the market, including myriad of aspects such as product definition, segmentation based on various parameters, and the existing vendor landscape. The report describes estimations about key players and brands in the market with respect to their actions such as developments, product launches, acquisitions, merges, joint ventures and competitive research.
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Market Segmentation: Cloud OSS BSS Market
- Operations Support System
- Service Assurance
- Resource Inventory Management
- Network Management
- Business Support System
- Billing and Revenue Management
- Customer and Product Management
- Service Fulfilment
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Global cloud OSS BSS market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cloud OSS BSS market for global, Europe, North America, Asia Pacific and South America.
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