OSS/BSS Market To Surpass USD 90 Billion By 2026

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OSS/BSS Market Cross USD 90 Billion By 2026
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• OSS/BSS Market Scenario

• As per a research report by Global Market
  Insights Inc., the global OSS/BSS market is
  likely to surpass a valuation of 90 billion by
  2026.
• The growing demand for streamlining customer
  services and ensuring high-quality of service
  delivery is likely to push the global OSS/BSS
  market growth over the forthcoming time period.
  In addition, shifting market dynamics coupled
  with the growing prevalence of the
  next-generation of technologies would further
  generate new opportunities for OSS/BSS solutions.
• The increasing deployment of these platforms by
  communication service providers to fulfill higher
  service delivery standards would further augment
  their installations. OSS/BSS platforms track
  service performance, recognize network faults,
  and also resolve problems that have occurred.
  They also help various network procedures like
  service delivery, network inventory maintenance,
  and improve customer support operations.

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• In addition, some of the major features of
  OSS/BSS solutions include functionality,
  flexibility, and scalability. Such
  characteristics allow users to easily and quickly
  rollout modifications and customize solutions as
  per their requirements. These solutions are also
  supported by innovative workflow engine that can
  automate as well as optimize business processes
  that are related to service monetization,
  telecommunication network management, and
  customer management.
• The increasing adoption of cloud deployment model
  by enterprises is projected to drive product
  demand over the coming years. Companies are using
  cloud-based OSS/BSS systems that offer
  flexibility and scalability to their cloud
  system. A cloud-based system costs less when
  compared to the on-premise deployment systems.
  These systems also enables enterprises to access
  their programs, solutions, and applications
  through the internet. In addition, the
  configuration of cloud-based services is rapid in
  comparison with on-premise alternatives, making
  the model a more viable option.

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• Regional Analysis

• On the regional front, the Asia Pacific OSS/BSS
  market is estimated to expand at a rate of more
  than 17 through the forecast timespan. This
  growth is ascribed to expanding entertainment and
  telecommunication industries in India, Japan, and
  China.

• Competitive Analysis

• The competitive landscape of the global OSS/BSS
  market is inclusive of players such as IBM
  Corporation, Huawei Technologies, Cisco Systems,
  and Amdocs among others.

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