Explore how OSS and BSS is shaping the present and future of the Telecom Infrastructure

The global OSS BSS Systems and Platforms market is poised for strong growth in the coming years, mainly driven  by the expanding telecom sector. The increasing adoption of converged billing systems and rising demand for after-sales services are also expected to contribute significantly  to the OSS BSS systems and platforms market. 

 

The opportunity presented by this market was valued at $29.11 billion in 2015 and is expected to advance at a CAGR of 10.5% from 2016 to 2024 to reach a market size of $70.97 billion at the end of the forecast period. The widespread adoption of OSS BSS systems and platforms is hampered by regulatory issues and difficulties in integrating  with existing systems. However, the deployment of the Next Generation Operating System and Software Framework (NGOSS)  is expected to bring immense growth potential  to the market players of OSS BSS systems and platforms. 

 

Service Assurance Solutions to maintain OSS market dominance through 2024 Within the oss market, the service assurance segment is expected to dominate the global market by 2024, followed by the service fulfilment solutions segment. 

 

The dominance of these services is attributed to the increasing demand for constant, high-speed connectivity in Europe and North America. In addition, various telecom authorities around the world have formulated specific standards to meet Quality of Service (QoS),  further promoting these two segments. The network monitoring and network design segments, on the other hand, are seeing increasing demand in Asia. This demand is attributed to the growing communications infrastructure in developing regions.

 

The deployment of extended networks in Asia Pacific is expected to further propel the OSS market to grow at a strong CAGR of 10.7% from 2016 to 2024. The BSS market in 2015 was mainly led by the customer management solutions segment. However, revenue management is expected to overtake the market share of customer management solutions at the end of the forecast period. This development is mainly attributed to falling average revenue per user (ARPU) and increased investment in communications infrastructure in key developing countries.

 

This report provides readers with a comprehensive overview of the OSS BSS systems and platforms market. Browse to discover the hidden opportunities in this market. Growing mobile internet demand is driving demand for OSS BSS systems and platforms in APA North America, which has been identified as the leading market for OSS BSS systems and platforms, accounting for approximately one-third of  global market revenue in 2015. 

 

The growing number of telecom providers and mobile network operators in North America is considered to be the main driver of the demand for OSS-BSS solutions. In North America, the industrial scenario is mainly attributed to the overall growth in the telecommunications and IT sectors. In addition, favourable government regulations have strengthened the North American market for OSS BSS systems and platforms.

 

 High sales growth is expected for the Asia-Pacific region. during the forecast period due to factors such as growing mobile Internet demand, declining voice ARPU, intense competition and a higher degree of convergence, necessitating the need for innovation and operational efficiency. The growing number of subscribers and increasing demand for advanced services such as billing and revenue  management have increased the prospects for OSS/BSS systems and platforms across the European telecom industry.

With increase requirement of OSS BSS, there is also an increase in Hacking Activities. So, to secure your data and prevent it from attacking, SecurityGen provides the best solution and platform which is called ACE Artificial Cybersecurity Expert platform or the ACE platform . ACE is the first AI-enabled breach and attack simulation platform in the telecom cybersecurity space. It automates the entire process of inspection, detection by giving network owners continuous, efficient 24×7 protection and saving millions of dollars.

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