Albany, New York (PRWEB) August 15, 2013
Transparency Market Research published new market report “OSS/BSS Market -Asia Pacific and Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018,” the market was valued at USD 17 billion in 2011, and is expected to reach USD 48.54 billion by 2018, growing at a CAGR of 16.2% from 2012 to 2018.
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Growing adoption of convergent billing systems is expected to drive the industry over the next few years. OSS/BSS plays a major role in the development of a convergent billing platform, which provides a unified view of the customer’s services such as data, voice, multimedia, etc. Furthermore, OSS/BSS provides a granular view of the consumer’s data usage, which enables Communications Service Providers (CSPs) develop value added services in order to serve the customer better.
Growth in the telecommunications industry is also expected to be a major driving force for the market. Increasing number of wireless subscribers coupled with high demand for handheld devices such as smartphones and tablets is estimated to fuel industry growth over the forecast period. Integrating OSS/BSS with existing networks is a cumbersome task, which may act as a barrier to the industry on a global level. Additionally, unfavorable regulatory scenario in Asia Pacific, particularly in India, is a restraint for profitability of key participants.
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North America was the largest market, and was valued at USD 7.18 billion in 2012. Early commercialization and utilization of telecommunication services has resulted in increased market share in this region. Asia Pacific is expected to be the fastest growing market, which can primarily be attributed to the wide scope of introduction of new services in countries such as India and China.
The market is highly fragmented, with the top five players accounting for approximately 40% of the overall share in 2012. Key participants include Amdocs, Ericsson, Accenture, Huawei, Nokia Siemens Networks, Hewlett Packard, and Oracle among others.
Browse the full report at with TOC : http://www.transparencymarketresearch.com/ossbss-market.html
OSS/BSS is used by telecommunications service providers in order to manage their network as well as their customer base. It entails services such as order management, provisioning, Customer Relationship Management (CRM) and billing among others. Increasing adoption of convergent billing systems and the growing telecommunication industry are among the key factors driving this market. This report segments the global OSS/BSS market in terms of geography into North America, Europe, Asia Pacific, and Rest of the World.
The Asia Pacific market has further been studied by segmenting it into India, China, and Rest of Asia Pacific. Each market segment has been studied on the basis of revenue (USD Billion) from 2012 to 2018. The report provides an in-depth analysis of market dynamics by studying the various factors expected to drive and restrain the industry over the next few years. It also explores the potential opportunities that are estimated to serve as key market entry motivators over the forecast period.
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