OSS BSS Market in Europe to register 8%+ CAGR from 2018 to 2024

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Global Market Insights, Inc. quotes, the on-premise deployment model in the OSS BSS market is expected to account for over 63% industry share by 2024.

Operations & Business Support System (OSS/BSS) Market
Some of the prominent vendors in the OSS BSS market are Amdocs, Accenture, HP Enterprises, CSG Systems, Ericsson, Netcracker, Optiva, Microsoft, Tata Consultancy Services (TCS), Oracle, and IBM.

The OSS solutions segment held a majority OSS BSS market share accounting for nearly 50% industry revenue in 2017 and is expected to hold a dominant share throughout the forecast timeline. The growing need among telecom service providers to outsource the operation support services is the primary factor driving the market.

In the OSS BSS market, the inventory management sub-segment of OSS solution is estimated to hold a major share of over 40% by 2024 due to increased demand for the automated inventory management solutions among telecom service providers. The communication network is evolving rapidly into more complex service platforms with multi-vendor systems and layered technologies. This is encouraging network operators to deploy more flexible and reliable systems to maintain and manage the network configuration.

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In the BSS segment, service fulfilment solutions are projected to register growth with a CAGR of over 10% due to the demand for an integrated software solution that offers services ranging from assembly services to the delivery of service to the customers.

As per the deployment model, the on-premise segment is expected to dominate the overall OSS BSS market with a share of over 63% in 2024. The growth of the market is attributed to the robust functionality and superior data security provided by the deployment model. Since the software used is licensed and the entire instance of software remains within an organization premises, there is more control in terms of security. The on-premise system also offers organizations with the more control over the implementation process. As a result, organizations can customize their systems as per their requirements.

Large enterprises dominated the OSS BSS market with a share of more than 70% in 2017. The growth of the segment is credited to the need among various enterprises to effectively manage their widespread network components and the need to increase the operational performance.

The OSS BSS market in Europe is projected to grow at a CAGR of over 8% from 2018 to 2024. The market growth is attributed to investments by the government and several private companies for the development of the telecom sector. The telecom companies in the region are also taking many efforts for the commercialization of the 5G technology, thereby increasing the demand for updated OSS BSS systems for delivering an enhanced user experience to its customers. As the 5G networks will bring broadband equivalent network speeds over the mobile network, the operators must replace their legacy OSS BSS systems to enable cross business cooperation, accelerate the service delivery, and improve the ability to handle the complex systems.

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The Asia Pacific OSS BSS market is projected to register an accelerated growth at a CAGR of over 10% during the forecast period. With the growing popularity of smartphones, there has been an increase in the consumption of the mobile broadband services resulting in new OSS BSS requirements. The complexity of network technologies has compelled the telecom operators to adopt new-generation OSS BSS systems to ensure uninterrupted network services. As the CSPs face challenges related to costs, the OSS BSS platforms help them to lower their network related cost by outsourcing BSS activities to managed service providers.

Some of the prominent vendors in the OSS BSS market are Amdocs, Accenture, HP Enterprises, CSG Systems, Ericsson, Netcracker, Optiva, Microsoft, Tata Consultancy Services (TCS), Oracle, and IBM.

Many of the major communication service providers also offer their OSS BSS solutions to allow telecom operators to achieve the highest level of adaptability, speed, and efficiency for addressing the challenges of digital transformation. These companies engage in strategic partnerships and collaborations with software providers to combine their collective expertise in software development and communication services.

Browse key industry insights spread across 210 pages with 356 market data tables & 28 figures & charts from the report, “OSS BSS Market Size By Solution (OSS [Service Assurance, Network Management, Inventory Management], BSS [Billing and Revenue Management, Service Fulfillment, Customer and Product Management]), By Deployment Model (On-premise, Cloud), By Enterprise Size (Small & Medium Enterprise (SME), Large Enterprise), By Application (IT & Telecom, BFSI, Media & Entertainment),Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, Netherlands, China, Japan, Australia & New Zealand (ANZ), South Korea, India, Southeast Asia, Brazil, Mexico, Argentina, South Africa, UAE, Saudi Arabia), Growth Potential, Competitive Market Share & Forecast, 2018 - 2024” in detail along with the table of contents:

Table of Contents (ToC) of the report:
Chapter 3. OSS BSS Industry Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2013-2024
3.4. OSS BSS ecosystem analysis
3.4.1. Network hardware component providers
3.4.2. OSS BSS software providers
3.4.3. Communication service providers
3.4.4. Cloud service providers
3.4.5. System integrators
3.4.6. Managed service providers
3.4.7. End users
3.5. Evolution of OSS BSS technology
3.6. Benefits of OSS BSS
3.7. OSS BSS architecture
3.8. Technology & innovation landscape
3.8.1. Big Data analytics
3.8.2. 5G commercialization
3.8.3. Next-generation OSS BSS
3.9. Regulatory landscape
3.10. Industry impact forces
3.10.1. Growth drivers Surge in demand for service assurance Growing need for lowering operational expenses (OPEX) Growing adoption of convergent billing systems Increasing trend of outsourcing OSS BSS services Growing adoption of cloud platforms among CSPs
3.10.2. Industry Pitfalls and Challenges Reluctance to migrate from legacy systems Availability of open-source platforms
3.11. Porter’s Analysis
3.11.1. Threat of new entrants
3.11.2. Threat of substitutes
3.11.3. Bargaining power of buyer
3.11.4. Bargaining power of supplier
3.11.5. Industry rivalry
3.12. PESTEL analysis
3.13. Growth potential analysis
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/oss-bss-market

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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