Cloud OSS BSS Market Size, Share, Trends, Growth and Forecast 2030

Global Cloud OSS BSS Market: Overview

The global Cloud OSS BSS Market size was worth around USD 21.48 Billion in 2022 and is predicted to grow to around USD 53.72 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 12.03% between 2023 and 2030.

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OSS and BSS stand for operations support system and business support system respectively. These two systems are used together by telecom service providers for supporting a wide range of services related to telecommunication. Cloud OSS (operational support system) relates to the provision of customer service and other activities linked with the operations of back office utilizing the internet. On the other hand, cloud BSS (business support system) helps in developing cloud-based support systems and solutions which assist in better digitalization of the businesses.

Global Cloud OSS BSS Market: Growth Factors

Surge in the global connectivity, development of big data, evolution of better network services & solutions, and rising internet penetration are augmenting the global cloud OSS BSS market expansion at a notable scale. The boom across the telecom sector has been one of the primary growth factors impacting the global cloud OSS BSS market. The benefits accompanying the deployment of these services include reduced costs, higher operational agility, near zero time for updates, and enhanced analytics abilities. These benefits are encouraging several Communication Service Providers (CSPs) to adopt these systems. With rapid advancements in technology, the market is likely to make substantial strides, rising at a high CAGR through the forecast timeframe.

However, organizations encounter numerous issues when implementing cloud OSS BSS which include resistance to adopt cloud technology and security and safety concerns related to it. These factors are expected to hamper the expansion of the global cloud OSS BSS market in the forthcoming period. Despite this market restraint, the expansion of the market is in cards due to the intensifying penetration of cloud services.

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Global Cloud OSS BSS Market: Segmentation

The global cloud OSS BSS market has been segregated based on solution, type, end-user, service, deployment mode, and region. By solution, the market can be categorized into two segments- operation support system and business support system. The operation support system sub-category is further divided into network management, service assurance, and resource inventory management. Business support system sub-segment is bifurcated into customer & product management, billing & revenue management, and service fulfillment.

On the basis of type, the global cloud OSS BSS market has been segmented into service and solution. The market, based on service, is categorized into managed services and professional services. On the basis of end-user, the global cloud OSS BSS market can be separated into small and medium-sized enterprises (SMEs) and large enterprises.

By deployment mode, the global cloud OSS BSS market has been differentiated into private cloud, public cloud, and hybrid cloud. The public cloud deployment mode is projected to hold the highest market share. Public cloud service is a program which makes available cloud services to multiple users with the help of the internet; whereas, private cloud deployment makes available cloud storage services for the operations of a single establishment or company. Because of private cloud backup system and limited access, private cloud service is a more secure method. Hybrid cloud backup system provides enhanced flexibility, higher scalability, and high levels of safety & security because it utilizes the resources of both public and private cloud backup systems.

Global Cloud OSS BSS Market: Regional Analysis

North America is projected to account for the largest market share of the global cloud OSS BSS market share over the forecast timeframe. This is attributable to the high internet penetration, huge R&D, increased investments and expenditures towards the maintenance and development of big data.

On the other hand, Asia Pacific is anticipated to exhibit the highest growth rate in the upcoming times owing to the rapidly developing industrial sector, surging requirements for bundled services, and willingness to keep abreast of the latest trends in cloud and other related technologies.

Cloud OSS BSS Market: Report Scope

Global Cloud OSS BSS Market: Competitive Players

The major names operating in the global cloud OSS BSS market are implementing several growth strategies such as collaborations, mergers & acquisitions, product development & innovation, partnerships, and expansions to meet the rising requirements for cloud OSS BSS among the end-users.

Some of the key companies competing in the global cloud OSS BSS market include:

• Hewlett Packard Enterprise Company
• Oracle Corporation
• Accenture
• Cisco Systems
• Mahindra Comviva
• Mycom OSI
• International Business Machines Corporation
• Huawei Technologies Co.
• Nokia Corporation
• Sigma Systems.

The Global Cloud OSS BSS Market is segmented as follows:

By Solution

two segments- operation support system
business support system

By Type

service
solution

By End-use

small  
medium-sized enterprises (SMEs)
large enterprises

By deployment mode

private cloud
public cloud
hybrid cloud

Global Cloud OSS BSS Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.