Next Generation OSS and BSS Market Size, Share, Trends, Growth 2032

The global Next Generation OSS and BSS market was estimated to be worth USD 85.94 billion in 2023 and is expected to grow to USD 335.53 billion by the end of 2032, per a report released by Zion Market Research. Over the course of the projected period, the market is anticipated to expand at a CAGR of 16.34%.
The growth factors, barriers, and effects on demand of the global Next Generation OSS and BSS Market are examined in this study for the period of forecasting. Additionally, it will assist in navigating and investigating the emerging opportunities in the BSS and Next Generation OSS sectors.

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Overview of the Global Next Generation OSS and BSS Market

All forms of Communication Service Providers (CSP), including Over-the-Top (OTT) providers, Multiple System Operators (MSO), and integrated legacy carriers like cable/Internet, wireless, and fixed, can benefit greatly from the capabilities that the next generation OSS and BSS offer. The services provided by next generation OSS and BSS include network optimization, performance management, customer support, communication services, and billing automation.

Growth Factors for the Global Next Generation OSS and BSS Market

The market for next-generation OSS and BSS is expanding quickly on a global scale. Some of the main factors driving the global market’s expansion are the rise in mobile network operators and telecommunications providers, the expanding use of smartphones, and the rising need for OSS and BSS for revenue management. Furthermore, the global market is expanding due to the rising need for professional services and system development.

Additionally, the OSS and BSS infrastructure supports enterprise communication, maintains the corporate database up to date, manages industrial processes, and facilitates effective commercial transactions. Additionally, carriers can quickly and affordably roll out new services thanks to next-generation OSS and BSS, which increases their competitiveness. The global market for next-generation OSS and BSS is expanding as a result of all these factors.

Furthermore, the global market is expanding due to rising demand brought on by the expanding use of IoT-based technologies and next-generation apps and services. Furthermore, the market is expanding due to the major companies’ increased investments in the creation of next-generation OSS and BSS infrastructure.

Additionally, during the projection period, the worldwide next generation OSS and BSS market may have greater growth prospects due to the rise in communication service innovations and the growing demand for customer experience management. The demand for extremely complex network management procedures, however, can impede the expansion of the global market for next-generation OSS and BSS.

Notwithstanding the inevitable difficulties brought on by the COVID-19 pandemic, the global market for next-generation OSS and BSS has grown at a robust pace. Because of the enterprises’ enforcement of remote working practices, the telecom network and suppliers grew quickly during the pandemic. Due to its many benefits, there has been a noticeable rise in demand for next-generation OSS and BSS. During the Covid-19 epidemic, all of these variables have had a positive effect on the global market. Furthermore, a robust market expansion was facilitated by the increasing need for low-cost service deployment.

Global Market Segmentation for Next Generation OSS and BSS

Network, architectural type, and geography are used to categorize the global market for next generation OSS and BSS.

The global market for next-generation OSS and BSS is divided into four segments based on network: fixed & wireless, mobile, cable & satellite, and mobile virtual network enabler (MVNE). Over the course of the forecast period, the mobile segment is anticipated to dominate the market.

Revenue management, network management systems, service assurance, account management, customer management, and service fulfillment make up the architectural type division. Over the course of the forecast period, revenue management is anticipated to hold the highest share of these.

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Market for Next-Gen OSS and BSS: Report Scope

Regional Analysis of the Global Next Generation OSS and BSS Market

Over the course of the forecast period, North America is anticipated to dominate the global market for next-generation OSS and BSS in terms of revenue. Modern infrastructure and the existence of significant players are the main factors supporting the market’s expansion in this area. Over the course of the forecast period, the Asia Pacific market is anticipated to develop at the fastest rate. This is explained by the telecom sector’s explosive growth, the existence of a robust network, and the rise in mobile usage.

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