Solution Market to register a CAGR of more than 8.3% on the

NEWARK, Del, Oct. 13, 2022 (GLOBE NEWSWIRE) — The Cloud OSS BSS market revenue was estimated at US$24 billion in 2021 and is projected to grow at a CAGR of 8.4% from 2022 to 2032, according to a recently published the Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$60 billion.

As more and more vendors focus their investments on accelerating digital transformation, the demand for Cloud OSS BSS is increasing. For example, in May 2021, EY and IBM announced the creation of a center of excellence to help financial institutions accelerate their digital transformation through the use of hybrid cloud technologies.

To help customers use the cloud at scale, the Center of Excellence is an integrated virtual center that provides digital trust, security, and regulatory compliance services. The technology helps back-office activities of the telecommunications network while maintaining customer service. Information processing systems are frequently used by operators to manage their communication networks.

It supports operators in the creation, construction and maintenance of communication networks. Modern OSS and BSS can help companies anticipate market trends, improve customer satisfaction, boost operational efficiency, and gain market and operational insights from big data.

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The impact of Covid-19 on Cloud OSS BSS Market

Significant adjustments have been made to people’s routines, workplaces and environment as a result of the COVID-19 outbreak. Indeed, operators can deal with the bandwidth problems caused by the pandemic with these technologies. Additionally, consumers will expect consistent bandwidth as regulations supporting remote working, video conferencing, and distance learning become more commonplace.

In early May 2020, AT&T predicts a 75% increase in gaming traffic, a significant increase in call volume, and a 33% increase in call time. As a result, telecom operators are updating their OSS BSS systems to keep up with the changing needs of their customers. The outbreak will likely present the OSS and BSS sector with alluring opportunities.

For example, MATRIXX Software said in June 2020 that AT&T Mexico, a subsidiary of AT&T, would introduce MATRIXX Software’s cloud-native digital commerce platform for its prepaid customers. In order to provide a web-scale BSS that will increase business agility and innovation, MATRIXX Digital Commerce has replaced various legacy enterprise support systems as well as the Intelligent Network.

Competitive landscape

Market players are constantly developing improved analytical solutions and expanding their product offerings. The companies in the Cloud OSS BSS market focus on alliances, technology collaborations, and product launch strategies.

Some of the recent developments from leading Cloud OSS BSS vendors are:

• In November 2021, Vonage Holdings, a cloud-based communications provider, agreed to be acquired by Ericsson. In order to provide the framework for the establishment of industry enterprises, the organization has sought to create dominant mobile networks through technological leadership. In terms of providing consumers with a platform to monetize network investments, Vonage is also the newest innovation, helping businesses and developers.

• On June 2021, CES 21, Amdocs announced the release of the latest edition of its cloud-based OSS-BSS integrated suite. It will help service providers build, deploy and monetize new services by leveraging investments in technologies such as 5G autonomous networks, AI, MEC, SDN, ML and cloud.

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More information available

Future Market Insights in its new offering presents an unbiased analysis of the Cloud OSS BSS Market, showcasing historical market data (2017-2021) and forecast statistics for the period 2022-2032.

Cloud OSS BSS market segmentation

By Component:

  • The solution
  • Services
    • Professional services
    • Managed Services

By cloud type:

  • public cloud
  • Private cloud
  • hybrid cloud

By operator type:

  • Mobile operator
  • fixed operator

By organization size:

By end use:

  • IT & Telecommunications
  • BFSI
  • Health and life sciences
  • Consumer goods and distribution
  • Manufacturing
  • Others

By region:

  • North America
  • Latin America
  • Europe
  • APAC
  • AEM

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1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Analysis of the technology roadmap

1.5. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Market context

3.1. Market dynamics

3.1.1. Drivers

3.1.2. Constraints

3.1.3. Opportunity

3.1.4. Tendencies

3.2. Scenario forecast

3.2.1. Demand in the optimistic scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in the conservative scenario

3.3. Opportunity Map Analysis

3.4. Investment Feasibility Matrix

3.5. PESTLE and Porter’s analysis

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Future Market Insights, Inc. is an ESOMAR certified business consulting and market research firm, member of the Greater New York Chamber of Commerce and headquartered in Delaware, USA. Recipient of the 2022 Clutch Leaders Award for high customer score (4.9/5), we have partnered with global companies on their business transformation journey and helped them achieve their business ambitions. 80% of the Forbes 1000 largest companies are our clients. We serve global clients across all leading and niche market segments in all major industries.

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