Cloud OSS BSS Market By Component (Solution, Service), By Enterprise Size (Large Enterprises, SMEs), By Cloud Type (Public, Hybrid, Private), By Industry Vertical (IT and Telecom, BFSI, Media and Entertainment, Retail and E Commerce, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Cloud operations support system and business support system (OSS BSS) is combination of the network operations and business operations segments into one integrated platform and provides necessary agility to create innovative, personalized customer experience. In addition, communication service providers (CSPs) support a broad range of services and functions with OSS BSS by making use of availability and efficiency of a cloud-based system. Moreover, cloud OSS and BSS have essential software building blocks for the telecom industry, and represent some logical entities such as management system for telecom and networks. Furthermore, cloud OSS and BSS comprises multiple functional blocks that includes CRM, billing, order management, network operations, provisioning, account system, service management system, and customer service system
Increase in cloud adoption across several industry verticals and increase in 5G adoption to surge the demand for cloud OSS BSS drive the growth of the global cloud OSS BSS market. Moreover, rise in demand for convergent billing systems is boosting the market growth. However, lack of technical proficiency for implementing cloud-native OSS BSS solutions restricts the growth of the market. On the contrary, inclination toward cloud technology and adoption of cloud technologies transforming the telecom industry are expected to offer remunerative opportunities for expansion of the market during the forecast period.
The global cloud OSS BSS market is segmented into component, enterprise size, cloud type, industry vertical, and region. On the basis of component, the market is bifurcated into solutions and service. By enterprise size, it is classified into large enterprises and SMEs. Depending on cloud type, it is categorized into public cloud, hybrid cloud, and private cloud. As per industry vertical, it is segregated into IT & telecom, BFSI, media & entertainment, retail & e-commerce, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the cloud OSS BSS market are Amdocs Limited, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Hewlett Packard Enterprise Company, IBM Corporation, Netcracker, Nokia Corporation, Optiva Inc., Oracle Corporation, and ZTE Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cloud oss bss market analysis from 2021 to 2031 to identify the prevailing cloud oss bss market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the cloud oss bss market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global cloud oss bss market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
Solution
Service
By Enterprise Size
Large Enterprises
SMEs
By Cloud Type
Public
Hybrid
Private
By Industry Vertical
IT and Telecom
BFSI
Media and Entertainment
Retail and E Commerce
Others
By Region
North America
U.S.
Canada
Europe
U.K.
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
AMDOCS LIMITED
Telefonaktiebolaget LM Ericsson
Huawei Technologies Co., Ltd.
HEWLETT PACKARD ENTERPRISE COMPANY
IBM Corporation
Netcracker
Nokia Corporation
OPTIVA INC.
Oracle Corporation
ZTE Corporation
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