Newly-released Cloud OSS BSS Market analysis report by Future Market Insights shows that global sales of Cloud OSS BSS Market in 2021 were held at USD 24 Billion. With 8.4%, the projected market growth from 2022 to 2032 is expected to be slightly higher than the historical growth. Cloud OSS BSS solution is expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 8.3% from 2022 to 2032.
| Attributes | Details |
|---|---|
| Cloud OSS BSS Market CAGR (2022 to 2032) | 8.4% |
| Cloud OSS BSS Market Size (2022) | USD 26.7 Billion |
| Cloud OSS BSS Market Size (2032) | USD 60.0 Billion |
| USA Market CAGR (2022 to 2032) | 7.3% |
| Key Companies Covered | Amdocs Limited; IBM Corporation; Nokia Corporation; Oracle Corporation; Telefonaktiebolaget LM Ericsson; Hewlett Packard Enterprise Company; Cisco Systems, Inc; Capgemini SE; Huawei Technologies co., Ltd.; NET Cracker; Accenture Inc.; Infovista S.A.S. |
As per the Global Cloud OSS BSS Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2017 to 2021, the market value of the Cloud OSS BSS Market increased at around 11.2% CAGR. With an absolute dollar opportunity of USD 33.3 Billion, the market is projected to reach a valuation of USD 60 Billion by 2032.
Since on-premise systems have high entry and exit barriers, modern communication service providers prefer the cloud for its many benefits, including quick time to market, delivery agility, and network administration. Adopting cloud-based operations support system solutions is also becoming notably easier for new operators and mobile virtual network operators.
There are also a few obstacles for new operators to overcome. For example, BNET, a new independent service provider in Bahrain, stated in March 2020 that it will use Beyond's Infonova BSS solution as a software service built on AWS. This solution will fortify BNET's planned national fiber broadband network's business support systems, OSS and BSS.
As more suppliers concentrate their investments on accelerating digital transformation, demand for Cloud OSS BSS is increasing. For instance, in May 2021, EY and IBM announced the establishment of a Center of Excellence to aid financial institutions in accelerating their digital transformation through the use of hybrid cloud technologies. To assist clients in using the cloud at scale, the Center of Excellence is an integrated virtual center that provides services in digital trust, security, and regulatory compliance.
Communication service providers have been offering a range of services including multimedia, internet, mobile, commerce, data, video, and phone as a result of the increased emphasis on development in the telecommunications industry. Customers receive a comprehensive view of all of their postpaid and prepaid services via convergent billing, also known as a convergent charge. It is impossible to overestimate the significance of OSS BSS in the development of a convergent billing system. For operators, convergent pricing is becoming more and more crucial. In addition, convergent billion systems have a number of benefits, including improved client service, simplicity of use, and centralized customer support.
The telecommunications business provides a wide range of support services, such as networking, client profile management, and various billing management systems, all of which are tied to operating costs. CSPs may supply the entire IT infrastructure at a lesser cost owing to cloud computing, allowing them to improve overall operations. Using multiple resource tracking technologies, CSPs frequently struggle to keep track of OPEX. The rapid development of new technologies posed a challenge to telecom service providers in terms of reducing operational expenses. Many businesses have begun to use cloud-based OSS BSS platforms to manage complicated procedures more swiftly while substantially cutting operating costs. Cloud technologies enable CSPs to cut overall operational expenses while also providing simplified solutions.
The necessity to protect data privacy becomes more difficult when there are more telecom subscribers. Concerns about data and payment security in the telecom business are growing in tandem with the volume of data generated and online transactions completed. Customer financial information is required in order to access value-added services. Customers are worried about the security and privacy of their personal information, including their financial information. Complete data integrity must be maintained in order to protect transactions and personal information, which are important and confidential.
This necessitates a productive and manageable cloud infrastructure in order to maximize productivity and ensure a secure environment for CSPs and their clients. To safeguard the data of each customer, CSPs, and network managers adopt appropriate measures. Solutions for cloud-based OSS and BSS help CSPs improve their understanding of the consumer and acquire a single view of the customer across channels. However, when unethical elements overflow, privacy might occasionally be jeopardized. Due to these concerns, consumers are reluctant to provide personal information, which limits the growth of the cloud OSS BSS industry.
During the projection period, Cloud OSS BSS Market in North America is projected to dominate. According to a GSMA poll, almost 290 Million individuals in North America had internet access in 2019. The market for digital business support systems is expected to expand in the region, nevertheless, as a result of the growing need for increased operational effectiveness and the intense competition among CSPs. Businesses in these locations see value-added services as a fresh way to boost top-line earnings.
The Business Strategy Support industry's IoT-based platforms, services, and consulting services have enabled the industry to oversee, administer, and report on training, education consulting, and internet services provided to customers. Several technological, economic, and behavioral changes are underway that are primarily encouraging the development and adoption of IoT and cloud technology.
According to USENIX, an organization that provides technical support to operating systems, more than half of homes worldwide have an Internet connection, while over 70% of North American homes are networked. IoT devices have provided the example of numerous new suppliers and pricing structures. These improvements in organizational methods have made something else entirely take place.
The USA is expected to account for the highest market of USD 18.8 Billion by the end of 2032. Also, the market in the country is projected to account for an absolute dollar growth of USD 9.5 Billion. The US Census Bureau and the Consumer Technology Association predicted in January 2022 that US smartphone sales will rise from USD 73 Billion in 2021 to USD 74.7 Billion in 2022. This is expected to increase significantly as IoT quickly penetrates a range of sectors and businesses.
This is anticipated to speed up the adoption and integration of managed services and promote market expansion. According to a poll published by Cloudward in 2022, Google Drive was the most popular cloud storage service, with a staggering 94.4% usage worldwide. The growing adoption of smart technology and rising security spending are two key factors affecting demand for the cloud OSS BSS market in the USA.
Market revenue through cloud OSS BSS Solutions is forecasted to grow at a CAGR of over 8.3% from 2022 to 2032. While maintaining customer service, the solution supports telecom network back-office operations. To maintain their communications networks, operators often use information processing systems. These products and services assist businesses in planning how to interact with consumers, resources, services, and processes. It aids operators in the development, construction, and upkeep of communication networks. Modern OSS and BSS may help organizations foresee market trends, improve customer satisfaction, increase operational performance, and obtain operational and market insights from big data.
Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in the Cloud OSS BSS market are focused on alliances, technology collaborations, and product launch strategies.
Some of the recent developments of key Cloud OSS BSS providers are as follows:
Similarly, recent developments related to companies in Cloud OSS BSS Market have been tracked by the team at Future Market Insights, which are available in the full report.
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 3: Global Market Value (US$ Million) Forecast by Cloud Type, 2017 to 2032
Table 4: Global Market Value (US$ Million) Forecast by Operator Type, 2017 to 2032
Table 5: Global Market Value (US$ Million) Forecast by Organization Size, 2017 to 2032
Table 6: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 7: North America Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 8: North America Market Value (US$ Million) Forecast by Cloud Type, 2017 to 2032
Table 9: North America Market Value (US$ Million) Forecast by Operator Type, 2017 to 2032
Table 10: North America Market Value (US$ Million) Forecast by Organization Size, 2017 to 2032
Table 11: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 12: Latin America Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 13: Latin America Market Value (US$ Million) Forecast by Cloud Type, 2017 to 2032
Table 14: Latin America Market Value (US$ Million) Forecast by Operator Type, 2017 to 2032
Table 15: Latin America Market Value (US$ Million) Forecast by Organization Size, 2017 to 2032
Table 16: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 17: Europe Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 18: Europe Market Value (US$ Million) Forecast by Cloud Type, 2017 to 2032
Table 19: Europe Market Value (US$ Million) Forecast by Operator Type, 2017 to 2032
Table 20: Europe Market Value (US$ Million) Forecast by Organization Size, 2017 to 2032
Table 21: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 22: Asia Pacific Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 23: Asia Pacific Market Value (US$ Million) Forecast by Cloud Type, 2017 to 2032
Table 24: Asia Pacific Market Value (US$ Million) Forecast by Operator Type, 2017 to 2032
Table 25: Asia Pacific Market Value (US$ Million) Forecast by Organization Size, 2017 to 2032
Table 26: MEA Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 27: MEA Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 28: MEA Market Value (US$ Million) Forecast by Cloud Type, 2017 to 2032
Table 29: MEA Market Value (US$ Million) Forecast by Operator Type, 2017 to 2032
Table 30: MEA Market Value (US$ Million) Forecast by Organization Size, 2017 to 2032
Figure 1: Global Market Value (US$ Million) by Component, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Cloud Type, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by Operator Type, 2022 to 2032
Figure 4: Global Market Value (US$ Million) by Organization Size, 2022 to 2032
Figure 5: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 6: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 9: Global Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 10: Global Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 11: Global Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 12: Global Market Value (US$ Million) Analysis by Cloud Type, 2017 to 2032
Figure 13: Global Market Value Share (%) and BPS Analysis by Cloud Type, 2022 to 2032
Figure 14: Global Market Y-o-Y Growth (%) Projections by Cloud Type, 2022 to 2032
Figure 15: Global Market Value (US$ Million) Analysis by Operator Type, 2017 to 2032
Figure 16: Global Market Value Share (%) and BPS Analysis by Operator Type, 2022 to 2032
Figure 17: Global Market Y-o-Y Growth (%) Projections by Operator Type, 2022 to 2032
Figure 18: Global Market Value (US$ Million) Analysis by Organization Size, 2017 to 2032
Figure 19: Global Market Value Share (%) and BPS Analysis by Organization Size, 2022 to 2032
Figure 20: Global Market Y-o-Y Growth (%) Projections by Organization Size, 2022 to 2032
Figure 21: Global Market Attractiveness by Component, 2022 to 2032
Figure 22: Global Market Attractiveness by Cloud Type, 2022 to 2032
Figure 23: Global Market Attractiveness by Operator Type, 2022 to 2032
Figure 24: Global Market Attractiveness by Organization Size, 2022 to 2032
Figure 25: Global Market Attractiveness by Region, 2022 to 2032
Figure 26: North America Market Value (US$ Million) by Component, 2022 to 2032
Figure 27: North America Market Value (US$ Million) by Cloud Type, 2022 to 2032
Figure 28: North America Market Value (US$ Million) by Operator Type, 2022 to 2032
Figure 29: North America Market Value (US$ Million) by Organization Size, 2022 to 2032
Figure 30: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 31: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 32: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 33: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 34: North America Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 35: North America Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 36: North America Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 37: North America Market Value (US$ Million) Analysis by Cloud Type, 2017 to 2032
Figure 38: North America Market Value Share (%) and BPS Analysis by Cloud Type, 2022 to 2032
Figure 39: North America Market Y-o-Y Growth (%) Projections by Cloud Type, 2022 to 2032
Figure 40: North America Market Value (US$ Million) Analysis by Operator Type, 2017 to 2032
Figure 41: North America Market Value Share (%) and BPS Analysis by Operator Type, 2022 to 2032
Figure 42: North America Market Y-o-Y Growth (%) Projections by Operator Type, 2022 to 2032
Figure 43: North America Market Value (US$ Million) Analysis by Organization Size, 2017 to 2032
Figure 44: North America Market Value Share (%) and BPS Analysis by Organization Size, 2022 to 2032
Figure 45: North America Market Y-o-Y Growth (%) Projections by Organization Size, 2022 to 2032
Figure 46: North America Market Attractiveness by Component, 2022 to 2032
Figure 47: North America Market Attractiveness by Cloud Type, 2022 to 2032
Figure 48: North America Market Attractiveness by Operator Type, 2022 to 2032
Figure 49: North America Market Attractiveness by Organization Size, 2022 to 2032
Figure 50: North America Market Attractiveness by Country, 2022 to 2032
Figure 51: Latin America Market Value (US$ Million) by Component, 2022 to 2032
Figure 52: Latin America Market Value (US$ Million) by Cloud Type, 2022 to 2032
Figure 53: Latin America Market Value (US$ Million) by Operator Type, 2022 to 2032
Figure 54: Latin America Market Value (US$ Million) by Organization Size, 2022 to 2032
Figure 55: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 56: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 57: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 58: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 59: Latin America Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 60: Latin America Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 61: Latin America Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 62: Latin America Market Value (US$ Million) Analysis by Cloud Type, 2017 to 2032
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Cloud Type, 2022 to 2032
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Cloud Type, 2022 to 2032
Figure 65: Latin America Market Value (US$ Million) Analysis by Operator Type, 2017 to 2032
Figure 66: Latin America Market Value Share (%) and BPS Analysis by Operator Type, 2022 to 2032
Figure 67: Latin America Market Y-o-Y Growth (%) Projections by Operator Type, 2022 to 2032
Figure 68: Latin America Market Value (US$ Million) Analysis by Organization Size, 2017 to 2032
Figure 69: Latin America Market Value Share (%) and BPS Analysis by Organization Size, 2022 to 2032
Figure 70: Latin America Market Y-o-Y Growth (%) Projections by Organization Size, 2022 to 2032
Figure 71: Latin America Market Attractiveness by Component, 2022 to 2032
Figure 72: Latin America Market Attractiveness by Cloud Type, 2022 to 2032
Figure 73: Latin America Market Attractiveness by Operator Type, 2022 to 2032
Figure 74: Latin America Market Attractiveness by Organization Size, 2022 to 2032
Figure 75: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 76: Europe Market Value (US$ Million) by Component, 2022 to 2032
Figure 77: Europe Market Value (US$ Million) by Cloud Type, 2022 to 2032
Figure 78: Europe Market Value (US$ Million) by Operator Type, 2022 to 2032
Figure 79: Europe Market Value (US$ Million) by Organization Size, 2022 to 2032
Figure 80: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 81: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 82: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 83: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 84: Europe Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 85: Europe Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 86: Europe Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 87: Europe Market Value (US$ Million) Analysis by Cloud Type, 2017 to 2032
Figure 88: Europe Market Value Share (%) and BPS Analysis by Cloud Type, 2022 to 2032
Figure 89: Europe Market Y-o-Y Growth (%) Projections by Cloud Type, 2022 to 2032
Figure 90: Europe Market Value (US$ Million) Analysis by Operator Type, 2017 to 2032
Figure 91: Europe Market Value Share (%) and BPS Analysis by Operator Type, 2022 to 2032
Figure 92: Europe Market Y-o-Y Growth (%) Projections by Operator Type, 2022 to 2032
Figure 93: Europe Market Value (US$ Million) Analysis by Organization Size, 2017 to 2032
Figure 94: Europe Market Value Share (%) and BPS Analysis by Organization Size, 2022 to 2032
Figure 95: Europe Market Y-o-Y Growth (%) Projections by Organization Size, 2022 to 2032
Figure 96: Europe Market Attractiveness by Component, 2022 to 2032
Figure 97: Europe Market Attractiveness by Cloud Type, 2022 to 2032
Figure 98: Europe Market Attractiveness by Operator Type, 2022 to 2032
Figure 99: Europe Market Attractiveness by Organization Size, 2022 to 2032
Figure 100: Europe Market Attractiveness by Country, 2022 to 2032
Figure 101: Asia Pacific Market Value (US$ Million) by Component, 2022 to 2032
Figure 102: Asia Pacific Market Value (US$ Million) by Cloud Type, 2022 to 2032
Figure 103: Asia Pacific Market Value (US$ Million) by Operator Type, 2022 to 2032
Figure 104: Asia Pacific Market Value (US$ Million) by Organization Size, 2022 to 2032
Figure 105: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 106: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 110: Asia Pacific Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 111: Asia Pacific Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 112: Asia Pacific Market Value (US$ Million) Analysis by Cloud Type, 2017 to 2032
Figure 113: Asia Pacific Market Value Share (%) and BPS Analysis by Cloud Type, 2022 to 2032
Figure 114: Asia Pacific Market Y-o-Y Growth (%) Projections by Cloud Type, 2022 to 2032
Figure 115: Asia Pacific Market Value (US$ Million) Analysis by Operator Type, 2017 to 2032
Figure 116: Asia Pacific Market Value Share (%) and BPS Analysis by Operator Type, 2022 to 2032
Figure 117: Asia Pacific Market Y-o-Y Growth (%) Projections by Operator Type, 2022 to 2032
Figure 118: Asia Pacific Market Value (US$ Million) Analysis by Organization Size, 2017 to 2032
Figure 119: Asia Pacific Market Value Share (%) and BPS Analysis by Organization Size, 2022 to 2032
Figure 120: Asia Pacific Market Y-o-Y Growth (%) Projections by Organization Size, 2022 to 2032
Figure 121: Asia Pacific Market Attractiveness by Component, 2022 to 2032
Figure 122: Asia Pacific Market Attractiveness by Cloud Type, 2022 to 2032
Figure 123: Asia Pacific Market Attractiveness by Operator Type, 2022 to 2032
Figure 124: Asia Pacific Market Attractiveness by Organization Size, 2022 to 2032
Figure 125: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 126: MEA Market Value (US$ Million) by Component, 2022 to 2032
Figure 127: MEA Market Value (US$ Million) by Cloud Type, 2022 to 2032
Figure 128: MEA Market Value (US$ Million) by Operator Type, 2022 to 2032
Figure 129: MEA Market Value (US$ Million) by Organization Size, 2022 to 2032
Figure 130: MEA Market Value (US$ Million) by Country, 2022 to 2032
Figure 131: MEA Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 132: MEA Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 133: MEA Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 134: MEA Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 135: MEA Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 136: MEA Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 137: MEA Market Value (US$ Million) Analysis by Cloud Type, 2017 to 2032
Figure 138: MEA Market Value Share (%) and BPS Analysis by Cloud Type, 2022 to 2032
Figure 139: MEA Market Y-o-Y Growth (%) Projections by Cloud Type, 2022 to 2032
Figure 140: MEA Market Value (US$ Million) Analysis by Operator Type, 2017 to 2032
Figure 141: MEA Market Value Share (%) and BPS Analysis by Operator Type, 2022 to 2032
Figure 142: MEA Market Y-o-Y Growth (%) Projections by Operator Type, 2022 to 2032
Figure 143: MEA Market Value (US$ Million) Analysis by Organization Size, 2017 to 2032
Figure 144: MEA Market Value Share (%) and BPS Analysis by Organization Size, 2022 to 2032
Figure 145: MEA Market Y-o-Y Growth (%) Projections by Organization Size, 2022 to 2032
Figure 146: MEA Market Attractiveness by Component, 2022 to 2032
Figure 147: MEA Market Attractiveness by Cloud Type, 2022 to 2032
Figure 148: MEA Market Attractiveness by Operator Type, 2022 to 2032
Figure 149: MEA Market Attractiveness by Organization Size, 2022 to 2032
Figure 150: MEA Market Attractiveness by Country, 2022 to 2032
The global Cloud OSS BSS Market is worth more than USD 26.7 Billion at present.
The value of Cloud OSS BSS Market is projected to increase at a CAGR of around 8.4% from 2022 to 2032.
The value of Cloud OSS BSS Market increased at a CAGR of around 11.2% from 2017 to 2021.
The global demand for Cloud OSS BSS is being spurred by a considerable increase in the use of Cloud-based Services.
The growth of the market for Cloud OSS BSS in the USA is projected to expand at a CAGR of around 7.3% from 2022 to 2032.
The growth of the market for Cloud OSS BSS in China is projected to expand at a CAGR of around 9.4% from 2022 to 2032.
While the market in South Korea is expected to grow at nearly 8.9%, the market in Japan is projected to register a CAGR of nearly 7.9% from 2022 to 2032.
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