OSS And BSS Market Size Poised for Remarkable Growth | Expected to Hit USD 66.2 Mn by 2033

According to the report, the "OSS and BSS market" was valued at $19.2 billion in 2023, and is estimated to reach $66.2 billion by 2033, growing at a CAGR of 13.5% from 2024 to 2033.

Rise in demand for reducing operational expenses (OPEX), growing adoption of convergent billing systems, and rise in trend of outsourcing the OSS & BSS services boost the development of the global OSS & BSS market. However, the interoperability issues between legacy and new systems and increase in data security & privacy concerns among businesses hamper the OSS & BSS market growth.

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On the contrary, the growing adoption of cloud technology transforming the telecom industry and the increasing adoption of next-generation operating systems are expected to offer remunerative opportunities for the expansion of the OSS & BSS market during the forecast period.

By organization size, the large enterprise's segment held the highest market share in 2023, accounting for about two-thirds of the OSS & BSS market revenue, and is estimated to maintain its leadership status throughout the forecast period, owing to the growing demand from financial institutes and communication service providers (CSPs), along with the surging demand for widespread network components across large enterprises.

By deployment mode, the on-premise segment accounted for the largest share in 2023, contributing to nearly one-fourth of the OSS & BSS market revenue, due to the operators can scale their on-premise infrastructure according to their specific growth plans and operational needs, allowing them to manage and optimize resources, perform maintenance.

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By component, the solution segment held the highest market share in 2023, accounting for about two-thirds of the OSS & BSS market revenue, and is estimated to maintain its leadership status during the forecast period, owing to the significant development of the telecommunication industry, along with the emerging demand of business-to-business support systems.

By solution type, the network planning & design segment held the highest market share in 2023, accounting for more than two-thirds of the OSS & BSS market revenue, and is estimated to maintain its leadership status throughout the forecast period, owing to the advent of 5G technology creating a new level of network performance, along with the growing usage of new technologies in telecom infrastructure.

By type, the OSS segment accounted for the largest share in 2023, contributing to nearly one-fourth of the global OSS & BSS market revenue, due to the rising need to handle the network complexities in new deployments of 5G networks, along with the growing focus on real-time network monitoring and performance management.

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By region, North America held the highest market share in terms of revenue in 2022, accounting for nearly one-third of the OSS & BSS market revenue, owing to increasing technological advancements such as using artificial intelligence and machine learning have made OSS & BSS systems to predict and prevent network failures.

Leading Market Players: -

Amdocs Group
Capgemini SA
Cisco Systems, Inc.
Comarch SA
Hewlett Packard Enterprise Development LP
Huawei Technologies Co., Ltd.
Infovista SAS
Nokia Corporation
Telefonaktiebolaget LM Ericsson

The report provides a detailed analysis of these key players in the OSS & BSS market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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