Global Next Generation OSS and BSS Market to Reach US$237.3 Billion by 2030
The global market for Next Generation OSS and BSS estimated at US$93.3 Billion in the year 2023, is expected to reach US$237.3 Billion by 2030, growing at a CAGR of 14.3% over the analysis period 2023-2030. Revenue Management Architecture, one of the segments analyzed in the report, is expected to record a 13.5% CAGR and reach US$81.0 Billion by the end of the analysis period. Growth in the Service Fulfilment Architecture segment is estimated at 14.9% CAGR over the analysis period.
The U.S. Market is Estimated at US$25.5 Billion While China is Forecast to Grow at 13.5% CAGR
The Next Generation OSS and BSS market in the U.S. is estimated at US$25.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$36.3 Billion by the year 2030 trailing a CAGR of 13.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 12.3% and 11.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.4% CAGR.
Global Next Generation OSS and BSS Market - Key Trends and Drivers Summarized
Why Are Next Generation OSS and BSS Essential for Telecom Evolution?
Next Generation Operations Support Systems (OSS) and Business Support Systems (BSS) are reshaping the telecommunications landscape by enabling operators to manage networks and customer interactions more efficiently. As telecom networks evolve to accommodate 5G, IoT, and cloud services, next-gen OSS and BSS provide the necessary infrastructure to manage complex workflows, automate processes, and enhance customer experiences. These systems integrate advanced features such as AI-driven analytics, real-time monitoring, and automated service provisioning, making them critical for managing modern telecom networks. With increasing competition and the need for agile service delivery, next-gen OSS and BSS have become central to telecom operators’ digital transformation efforts.
What Are The Key Segments in the Next Generation OSS and BSS Market?
Major components include software solutions and services, with software solutions covering network management, service assurance, billing, and customer relationship management (CRM). In terms of deployment, cloud-based solutions are witnessing rapid adoption due to their scalability, cost-effectiveness, and ease of integration with existing infrastructures, compared to on-premise deployments. Key end-users of next-gen OSS and BSS include telecom operators, internet service providers (ISPs), and managed network service providers, all of which require efficient systems to manage complex services, improve customer engagement, and drive revenue growth.
How Are Next-Gen OSS and BSS Transforming Telecom Operations?
Telecom operators use next-gen OSS and BSS to optimize network performance, manage billing processes, and enhance customer service. With the rise of 5G and IoT, these systems enable operators to deliver new services such as network slicing, real-time analytics, and automated troubleshooting. ISPs leverage next-gen OSS and BSS to manage broadband services, support network expansions, and streamline customer interactions. Managed service providers use these systems to deliver comprehensive solutions that cover network monitoring, billing, and customer support. The integration of AI and machine learning into OSS and BSS platforms has further improved predictive analytics, allowing telecom operators to detect network issues, manage demand, and enhance service delivery.
What Factors Are Driving the Growth in the Next Generation OSS and BSS Market?
The growth in the Next Generation OSS and BSS market is driven by several factors, including the rollout of 5G networks, which requires advanced support systems to manage increased network complexity. The growing demand for digital services, coupled with the need for improved customer experience, has accelerated the adoption of next-gen OSS and BSS solutions. The shift toward cloud-based deployments, driven by cost efficiency and operational flexibility, has further propelled market growth. Additionally, advancements in AI and automation have enhanced the capabilities of OSS and BSS systems, enabling predictive analytics and faster service provisioning. Regulatory mandates for data management and customer privacy are also contributing to the increased adoption of next-gen OSS and BSS systems across the telecom industry.
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