Published on : Aug 03, 2016
ALBANY, New York, August 03, 2016: Operations support systems (OSS) and business support systems (BSS) ensure various functions including marketing, sales, billing and inventory management, end customer management, and service delivery. Today, the biggest challenge for operators is to mix OSS and BSS to maintain the cost and minimize the complexity of business procedures. OSS and BSS also help businesses in keeping pace with the changing standards, compliance requirements, and network technology. The rising adoption of OSS-BSS software will benefit the global market, state the analysts of a new report added to the repository of ResearchMoz.us.
The report, titled ‘Global OSS-BSS Software Market 2016-2020,’ states that the global OSS-BSS software market is predicted to exhibit a whopping CAGR of 18.52% during the period between 2016 and 2020. The rising adoption of convergent billing systems and the growing demand for customized OSS-BSS software are some of the primary factors expected to propel the global market for OSS-BSS software. As per the findings of the report, the global OSS-BSS software market is expected to be challenged by integration issues with legacy systems.
The 72-page report on the global OSS-BSS software market starts by defining OSS and BSS software. It then focuses on the changing trends in the global market and lists the key players operating across various regions. OSS software is primarily used by a telecom network to support numerous components of the system such as service management, network operations, and provisioning services. BSS software is used to handle various tasks such as fraud management, billing management, and customer support processing. OSS and BSS software together streamline various operations.
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Currently, telecom operators are consistently investing huge amounts of money in revamping their network solutions. The rising use of OSS-BSS software to manage IT infrastructure, complex networks, customer support, and service deliveries is expected to propel the market in the coming years, expect the analysts.
For a detailed understanding of the global OSS-BSS software market, it is segmented on the basis of application and region. Based on region, the global OSS-BSS software market is divided into the Americas, APAC, and EMEA. The rising application of OSS-BSS software across various industries is further expected to benefit the global market. Key companies are consistently focusing on improving the quality of their OSS and BSS software. The changing nature of the technology has allowed organizations to alter their OSS and BSS software. By introducing new software, key companies aim to maintain their dominance throughout the forecast period.
Amdocs, Ericsson, Huawei, NetCracker, Oracle, Redknee, Aria Systems, Accenture, Analytica Resources, Cerillion, Comarch, Comptel, CSG International, Elitecore , Technologies, Global Convergence Solutions, and Hewlett-Packard are some of the key players listed in the report. Key companies are expecting the global OSS-BSS software market to be highly competitive owing to the rising introduction of customized software.
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