Published on : Feb 22, 2017
ALBANY, NY, Feb 22, 2017: The report provides a comprehensive analysis of the various industry factors influencing the market’s trajectory between 2016 and 2020. It covers the growth drivers and restraints and identifies opportunities prevalent for market players. It helps discover the prevailing market trends and unfolds sources of future growth for the market players.
The report provides a holistic analysis of the global OSS-BSS software market covering the most current research data. Information thus compiled is obtained from trusted industrial sources. The report presents analysis aimed at gauging the competitive threats and helping companies plan their strategies based on expert qualitative analysis and refined future outlook.
According to the report, the global OSS-BSS software market is forecast to exhibit a CAGR of over 18% between 2016 and 2020. The market will primarily gain from the rising uptake of revenue management systems (RMS) across organizations. When deployed, OSS-BSS software assists in pricing management, invoicing, payments, credit limit management, and charging and rating. With the demand for convergent billing systems scaling high across businesses, the deployment of unified definition framework is likely to gain pace. These are advanced technologies that allow customers to predict real-time expenditure and consumption across a payment mode or service. Furthermore, the implementation of RMS has increased in the last few years in response to the growing demand for consolidating individual systems. Spurred by these factors, the global OSS-BSS software market will register strong growth in the coming years.
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The global OSS-BSS software market can be broadly classified into OSS and BSS. Of these, the BSS software segment is forecast to emerge dominant exhibiting a CAGR of 21% between 2016 and 2020. The growth witnessed by the segment is ascribable to the ability of BSS software to deliver customized mix of services as per the preferences of targeted customers.
Among the key regional segments, the market is forecast to witness lucrative opportunities in the Americas, with its valuation exceeding US$25 bn by the end of 2020. Telecom operators in this region use value-added services as novel channels of revenue. Besides this, the federal government’s rising investment on IT for improving security, transparency, and performance is projected to aid the market’s expansion in the Americas.
Besides identifying the most lucrative opportunities for the global OSS-BSS software market, the report provides an in-depth analysis of its competitive landscape. Currently, the market is witnessing a high degree of competition due to the presence of both large brands and regional players.
Companies such as Huawei, Amdocs, Netcracker, Redknee, Oracle, and Ericsson are identified as the key market vendors. These companies focus on improving customer experience to gain competitive edge in the over market. The report discusses various strategies adopted by these companies in detail.
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