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2022
Cloud Oss Bss Market

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

A16788
Pages: 286
Jul 2022 | 295 Views
Author(s) : Md Shadaab Khan, Beesetty Yogendra, Pramod Borasi , Vineet Kumar
Tables: 168
Charts: 61
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Cloud OSS BSS Market Research, 2031

The global cloud oss bss market was valued at $24.0 billion in 2021, and is projected to reach $68.5 billion by 2031, growing at a CAGR of 11.3% from 2022 to 2031.

During the COVID-19 epidemic, the cloud OSS BSS industry saw a boom in new investments, as well as a greater reliance on cloud. The epidemic presented a huge opportunity for new entries into the market. In addition, the benefits of integrating different service charges into a single invoice have strengthened the demand for convergent billing tools, notably contributed toward the growth of the market during the pandemic situation.

Cloud native OSS and BSS built on micro applications provides the necessary agility to create innovative, personalized customer experiences that would result in higher customer retention and improve revenues. BSS primarily consists of order capture, customer relationship management, and telecommunications billing, whereas OSS covers order management, network inventory management, and network operations. Furthermore, OSS services delivered over the cloud in a software-as-a-service (SaaS) model that offers small-to-medium sized CSPs a unique combination of technology and business flexibility at a fraction of the cost of traditional licensed software.

Increase in cloud adoption across several industry verticals and increasing 5G adoption to surge the demand for cloud OSS BSS drive the cloud OSS BSS market growth. Moreover, growing demand for convergent billing systems boosting the cloud OSS BSS market size. However, lack of technical proficiency for implementing cloud-native OSS BSS solutions restrict the growth of the cloud OSS BSS market. On the contrary, rise in inclination toward cloud technology and adoption of cloud technologies transforming the telecom industry operator’s is expected to offer remunerative opportunities for expansion of the market during the forecast period.

 

Cloud OSS BSS Market, Cloud OSS BSS Market Size, Cloud OSS BSS Market Share, Cloud OSS BSS Market Trends, Cloud OSS BSS Market Growth, Cloud OSS BSS Market Forecast, Cloud OSS BSS Market Analysis

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The cloud oss bss market is segmented into Component, Enterprise Size, Cloud Type and Industry Vertical.

The cloud OSS BSS market is segmented into component, enterprise size, cloud type, industry vertical, and region. On the basis of component, the market is categorized into solutions and service. By enterprise size, it is classified into large enterprises and SMEs. Depending on cloud type, the market is segregated into public, hybrid, and private. As per industry vertical, it is classified into IT & telecom, BFSI, media & entertainment, retail & e-commerce, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players that operate in the cloud OSS BSS industry are Amdocs Limited, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Hewlett Packard Enterprise Company, International Business Machines 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.

Cloud OSS BSS Market
By Component

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The solution segment is expected to garner the highest market, as it help organizations forecast future emissions, calculate the actual output, manage market transactions, and ensure compliance with regional, state, and national regulations.

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In terms of component, the solutions segment holds the largest cloud OSS BSS market share as, it provides every organization to control, manage, and execute business operations efficiently and support commercial and customer-oriented activities in the telecom sector and become mandatory for communications service providers (CSPs). However, the service segment is expected to grow at the highest rate during the forecast period, as it will ensure high availability, real-time automation, and intelligent service assurance, which is expected to fuel the growth of cloud OSS BSS services in the coming few years.

Cloud OSS BSS Market
By Region

2031
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific countries are expected to adopt at a high rate owing to, rise in demand for Cloud OSS BSS solutions in the BFSI sector to improve customer experience and capitalize on newer avenues of growth is enabling growth of the Cloud OSS BSS market within Asia-Pacific.

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Region wise, the business process as a service market share was dominated by North America in 2021, and is expected to retain its position during the forecast period, owing to the presence of major players that offer advanced solutions and invest heavily in solutions such as 5G, IoT technologies, and billing systems. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to surge in awareness regarding importance of strengthening the overall 5G, IoT technologies, and other technology services to ensure low-cost networking, servers, storage solution, and CSPs in the region.

Top Impacting Factors

Increase in adoption of tailored cloud OSS BSS solutions

Rise in adoption of tailored cloud OSS BSS solutions is directly influencing the growth of cloud OSS BSS market. Moreover, increase in demand for convergent billing systems is flourishing the growth of the market. In addition, surge in adoption of cloud technologies for ease of maintenance and software updates are driving the growth of cloud OSS BSS industry. Furthermore, enhancing overall customer experiences with automated services and answering queries more quickly along with lower operational expenses is positively impacting the growth of the market. Moreover, rise in preference for convergent billing systems and increase in use of cloud OSS BSS in the telecom industry are notably contributing toward the growth of the market.

Surge in adoption of 5G

Rise in investment on 5G technology is bringing automation of industrial processes with support of massive/critical machine-type communication (MTC) along with mobile broadband capability. In addition, with 5G, the virtualization of network functionality will help the public/private operators to share their spectrum and network functionality, thereby reducing cost. Moreover, 5G technology is offering 100 times faster connectivity than 4G and 1,000 times more bandwidth. In addition, 5G technology is offering an exponential improvement in functionality far higher capacity and reliability, dramatically lower latency, reduced energy usage and mass connectivity for devices, thus providing faster and better OSS and BSS solutions and services.

KEY BENEFITS FOR STAKEHOLDERS

  • The study provides an in-depth analysis of the global cloud OSS BSS market forecast along with current & future trends to explain the imminent investment pockets.
  • Information about key drivers, restraints, & opportunities and their impact analysis on global cloud OSS BSS market trend is provided in the report.
  • The Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
  • The cloud OSS BSS market analysis from 2022 to 2031 is provided to determine the market potential.

Key Market Segments

Segments Sub-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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According to insights of the market growth of leading companies, hybrid cloud is expected to dominate the market share for effective digitization of business processes with the security of private cloud and offers greater control, reduced risk, cost efficiency, and better performance. Asia-Pacific exhibits high growth potential, owing to changing landscape in telecom sector with changes in customer demand and growth in digitization across Asia-Pacific countries. Furthermore, increased cloud-enabled activities and increase in work-from-home culture in Asia-Pacific are expected to drive the growth of the market.

Key providers of the cloud OSS BSS market such as AMDOCS LIMITED, Huawei Technologies Co., Ltd., IBM Corporation, and Netcracker account for a significant share in the market. With growth in requirement for cloud OSS BSS, various companies have established alliance to increase their capabilities. For instance, in June 2022, Optiva Inc. enabled to help organizations to gain the insights they need to continuously update and optimize their business processes. Optiva Inc. has enabled a new type of specialist mobile virtual network operators (MVNO) with 5G facility, including Concerto and SynOps, to provide new levels of transparency and insights to inform decision-making.

In addition, with further growth in investment across the world, various companies have expanded their current product portfolio with increased diversification among customers. For instance, in November 2021, Ericssion acquired Vonage to deliver a new digital health solution with increasing investments in 4G and 5G—and a flourishing ecosystem of new applications and use cases leveraging the power of modern networks.

The CXOs further added that with increase in competition, major market players have started acquiring companies to expand their market penetration and reach. For instance, May 2022, Amdocs acquired MYCOM OSI. The acquisition of MYCOM OSI marks an important moment for Amdocs. The integration of its multi-disciplinary highly skilled team and expanded best-in-class contract are projected reinforce the ability to deliver on transformative digital initiatives for their customers.

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FREQUENTLY ASKED QUESTIONS?

A. Increase in cloud adoption across several industry verticals and increasing 5G adoption to surge the demand for cloud OSS BSS drive the cloud OSS BSS market growth. Moreover, growing demand for convergent billing systems boosting the cloud OSS BSS market size.

A. Region wise, the business process as a service market share was dominated by North America in 2021, and is expected to retain its position during the forecast period, owing to the presence of major players that offer advanced solutions and invest heavily in solutions such as 5G, IoT technologies, and billing systems.

A. The global cloud OSS BSS market was valued at $24.00 billion in 2021, and is projected to reach $68.50 billion by 2031, registering a CAGR of 11.3% from 2022 to 2031.

A. The key players that operate in the cloud OSS BSS industry are Amdocs Limited, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Hewlett Packard Enterprise Company, International Business Machines 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.

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