OSS BSS System and Platform Market to Advance at CAGR of 11.5% During 2021-2031: TMR Study

ALBANY, N.Y., March 28, 2022 /PRNewswire/ -- Businesses in various industry verticals are leveraging operations support systems (OSS) and business support system (BSS) for implementing customer-centric strategies in product management, customer relationship management, and inventory management. The demand for digital OSS BSS system in the telecom sector has created value-grab opportunities for companies in the OSS BSS system and platform market. The global valuation is projected to exceed US$ 125.62 Bn by 2031.

Small and medium scale enterprises across industries are applying OSS BSS platforms for optimizing operational and communication networks, expanding the avenue of OSS BSS system and platform market. Next-gen platforms are enabling end users to automate the entire customer lifecycle. Of note, end users in the BFSI, retail, and government sector are reaping large revenue gains from the use of convergent billing systems, observed the analysts in an in-depth scrutiny of the OSS BSS system and platform market.

The prospects of 5G-ready and cloud-based solutions equipped with AI is rapidly expanding, assert the TMR analysts in the OSS BSS system and platform market study. The introduction of cloud-native digital business system is expected to generate new revenue streams for communication service providers.

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Key Findings of OSS BSS System and Platform Market Study

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OSS BSS System and Platform Market: Key Drivers

OSS BSS System and Platform Market: Regional Growth Dynamics

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OSS BSS System and Platform Market: Key Players

Some of the key players in the OSS BSS system and platform market are Cisco Systems, Inc., Cisco Systems, Inc., IBM Corporation, Amdocs Ltd., Amdocs Ltd., Tata Consultancy Services Limited, Tata Consultancy Services Limited, NetCracker, Huawei Technologies Co., Ltd., and Oracle.

Global OSS BSS System and Platform Market: Segmentation

OSS BSS System and Platform Market, by Component

OSS BSS System and Platform Market, by Deployment

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OSS BSS System and Platform Market, by Enterprise Size

OSS BSS System and Platform Market, by Industry Vertical

OSS BSS System and Platform Market, by Region

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