[250 Pages Report] Newly-released Cloud OSS BSS Market analysis report by Future Market Insights shows that global sales of Cloud OSS BSS Market in 2021 were held at US$ 24 Billion. With 8.4%, the projected market growth from 2022 to 2032 is expected to be slightly higher than the historical growth. Cloud OSS BSS solution is expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 8.3% from 2022 to 2032.
| Attributes | Details |
|---|---|
| Cloud OSS BSS Market CAGR (2022 to 2032) | 8.4% |
| Cloud OSS BSS Market Size (2022) | US$ 26.7 Billion |
| Cloud OSS BSS Market Size (2032) | US$ 60.0 Billion |
| USA Market CAGR (2022 to 2032) | 7.3% |
| Key Companies Covered |
|
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As per the Global Cloud OSS BSS Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2017 to 2021, the market value of the Cloud OSS BSS Market increased at around 11.2% CAGR. With an absolute dollar opportunity of US$ 33.3 Billion, the market is projected to reach a valuation of US$ 60 Billion by 2032.
Since on-premise systems have high entry and exit barriers, modern communication service providers prefer the cloud for its many benefits, including quick time to market, delivery agility, and network administration. Adopting cloud-based operations support system solutions is also becoming notably easier for new operators and mobile virtual network operators.
There are also a few obstacles for new operators to overcome. For example, BNET, a new independent service provider in Bahrain, stated in March 2020 that it will use Beyond's Infonova BSS solution as a software service built on AWS. This solution will fortify BNET's planned national fiber broadband network's business support systems, OSS and BSS.
As more suppliers concentrate their investments on accelerating digital transformation, demand for Cloud OSS BSS is increasing. For instance, in May 2021, EY and IBM announced the establishment of a Center of Excellence to aid financial institutions in accelerating their digital transformation through the use of hybrid cloud technologies. To assist clients in using the cloud at scale, the Center of Excellence is an integrated virtual center that provides services in digital trust, security, and regulatory compliance.
Communication service providers have been offering a range of services including multimedia, internet, mobile, commerce, data, video, and phone as a result of the increased emphasis on development in the telecommunications industry. Customers receive a comprehensive view of all of their postpaid and prepaid services via convergent billing, also known as a convergent charge. It is impossible to overestimate the significance of OSS BSS in the development of a convergent billing system. For operators, convergent pricing is becoming more and more crucial. In addition, convergent billion systems have a number of benefits, including improved client service, simplicity of use, and centralized customer support.
The telecommunications business provides a wide range of support services, such as networking, client profile management, and various billing management systems, all of which are tied to operating costs. CSPs may supply the entire IT infrastructure at a lesser cost owing to cloud computing, allowing them to improve overall operations. Using multiple resource tracking technologies, CSPs frequently struggle to keep track of OPEX. The rapid development of new technologies posed a challenge to telecom service providers in terms of reducing operational expenses. Many businesses have begun to use cloud-based OSS BSS platforms to manage complicated procedures more swiftly while substantially cutting operating costs. Cloud technologies enable CSPs to cut overall operational expenses while also providing simplified solutions.
Principal Consultant
The necessity to protect data privacy becomes more difficult when there are more telecom subscribers. Concerns about data and payment security in the telecom business are growing in tandem with the volume of data generated and online transactions completed. Customer financial information is required in order to access value-added services. Customers are worried about the security and privacy of their personal information, including their financial information. Complete data integrity must be maintained in order to protect transactions and personal information, which are important and confidential.
This necessitates a productive and manageable cloud infrastructure in order to maximize productivity and ensure a secure environment for CSPs and their clients. To safeguard the data of each customer, CSPs, and network managers adopt appropriate measures. Solutions for cloud-based OSS and BSS help CSPs improve their understanding of the consumer and acquire a single view of the customer across channels. However, when unethical elements overflow, privacy might occasionally be jeopardized. Due to these concerns, consumers are reluctant to provide personal information, which limits the growth of the cloud OSS BSS industry.
During the projection period, Cloud OSS BSS Market in North America is projected to dominate. According to a GSMA poll, almost 290 Million individuals in North America had internet access in 2019. The market for digital business support systems is expected to expand in the region, nevertheless, as a result of the growing need for increased operational effectiveness and the intense competition among CSPs. Businesses in these locations see value-added services as a fresh way to boost top-line earnings.
The Business Strategy Support industry's IoT-based platforms, services, and consulting services have enabled the industry to oversee, administer, and report on training, education consulting, and internet services provided to customers. Several technological, economic, and behavioral changes are underway that are primarily encouraging the development and adoption of IoT and cloud technology.
According to USENIX, an organization that provides technical support to operating systems, more than half of homes worldwide have an Internet connection, while over 70% of North American homes are networked. IoT devices have provided the example of numerous new suppliers and pricing structures. These improvements in organizational methods have made something else entirely take place.
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The USA is expected to account for the highest market of US$ 18.8 Billion by the end of 2032. Also, the market in the country is projected to account for an absolute dollar growth of US$ 9.5 Billion. The US Census Bureau and the Consumer Technology Association predicted in January 2022 that US smartphone sales will rise from US$ 73 Billion in 2021 to US$ 74.7 Billion in 2022. This is expected to increase significantly as IoT quickly penetrates a range of sectors and businesses.
This is anticipated to speed up the adoption and integration of managed services and promote market expansion. According to a poll published by Cloudward in 2022, Google Drive was the most popular cloud storage service, with a staggering 94.4% usage worldwide. The growing adoption of smart technology and rising security spending are two key factors affecting demand for the cloud OSS BSS market in the USA.
Market revenue through cloud OSS BSS Solutions is forecasted to grow at a CAGR of over 8.3% from 2022 to 2032. While maintaining customer service, the solution supports telecom network back-office operations. To maintain their communications networks, operators often use information processing systems. These products and services assist businesses in planning how to interact with consumers, resources, services, and processes. It aids operators in the development, construction, and upkeep of communication networks. Modern OSS and BSS may help organizations foresee market trends, improve customer satisfaction, increase operational performance, and obtain operational and market insights from big data.
Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in the Cloud OSS BSS market are focused on alliances, technology collaborations, and product launch strategies.
Some of the recent developments of key Cloud OSS BSS providers are as follows:
Similarly, recent developments related to companies in Cloud OSS BSS Market have been tracked by the team at Future Market Insights, which are available in the full report.
The global Cloud OSS BSS Market is worth more than US$ 26.7 Billion at present.
The value of Cloud OSS BSS Market is projected to increase at a CAGR of around 8.4% from 2022 to 2032.
The value of Cloud OSS BSS Market increased at a CAGR of around 11.2% from 2017 to 2021.
The global demand for Cloud OSS BSS is being spurred by a considerable increase in the use of Cloud-based Services.
The growth of the market for Cloud OSS BSS in the USA is projected to expand at a CAGR of around 7.3% from 2022 to 2032.
The growth of the market for Cloud OSS BSS in China is projected to expand at a CAGR of around 9.4% from 2022 to 2032.
While the market in South Korea is expected to grow at nearly 8.9%, the market in Japan is projected to register a CAGR of nearly 7.9% from 2022 to 2032.
1. Executive Summary | Cloud OSS BSS Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Million) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Component
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2022 to 2032
5.3.1. Solution
5.3.1.1. OSS
5.3.1.2. BSS
5.3.2. Services
5.3.2.1. Professional Services
5.3.2.2. Managed Services
5.4. Y-o-Y Growth Trend Analysis By Component, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Component, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Cloud Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Cloud Type, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Cloud Type, 2022 to 2032
6.3.1. Public Cloud
6.3.2. Private Cloud
6.3.3. Hybrid Cloud
6.4. Y-o-Y Growth Trend Analysis By Cloud Type, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Cloud Type, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Operator Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Operator Type, 2017 to 2021
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Operator Type, 2022 to 2032
7.3.1. Mobile Operator
7.3.2. Fixed Operator
7.4. Y-o-Y Growth Trend Analysis By Operator Type, 2017 to 2021
7.5. Absolute $ Opportunity Analysis By Operator Type, 2022 to 2032
8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Organization Size
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) Analysis By Organization Size, 2017 to 2021
8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Organization Size, 2022 to 2032
8.3.1. Large enterprises
8.3.2. SMEs
8.4. Y-o-Y Growth Trend Analysis By Organization Size, 2017 to 2021
8.5. Absolute $ Opportunity Analysis By Organization Size, 2022 to 2032
9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) Analysis By Region, 2017 to 2021
9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032
9.3.1. North America
9.3.2. Latin America
9.3.3. Europe
9.3.4. Asia Pacific
9.3.5. Middle East and Africa (MEA)
9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. United States of America
10.2.1.2. Canada
10.2.2. By Component
10.2.3. By Cloud Type
10.2.4. By Operator Type
10.2.5. By Organization Size
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Component
10.3.3. By Cloud Type
10.3.4. By Operator Type
10.3.5. By Organization Size
10.4. Key Takeaways
11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. Brazil
11.2.1.2. Mexico
11.2.1.3. Rest of Latin America
11.2.2. By Component
11.2.3. By Cloud Type
11.2.4. By Operator Type
11.2.5. By Organization Size
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Component
11.3.3. By Cloud Type
11.3.4. By Operator Type
11.3.5. By Organization Size
11.4. Key Takeaways
12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. Germany
12.2.1.2. United Kingdom
12.2.1.3. France
12.2.1.4. Spain
12.2.1.5. Italy
12.2.1.6. Rest of Europe
12.2.2. By Component
12.2.3. By Cloud Type
12.2.4. By Operator Type
12.2.5. By Organization Size
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Component
12.3.3. By Cloud Type
12.3.4. By Operator Type
12.3.5. By Organization Size
12.4. Key Takeaways
13. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.1.4. India
13.2.1.5. Malaysia
13.2.1.6. Singapore
13.2.1.7. Australia
13.2.1.8. New Zealand
13.2.1.9. Rest of APAC
13.2.2. By Component
13.2.3. By Cloud Type
13.2.4. By Operator Type
13.2.5. By Organization Size
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Component
13.3.3. By Cloud Type
13.3.4. By Operator Type
13.3.5. By Organization Size
13.4. Key Takeaways
14. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Component
14.2.3. By Cloud Type
14.2.4. By Operator Type
14.2.5. By Organization Size
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Component
14.3.3. By Cloud Type
14.3.4. By Operator Type
14.3.5. By Organization Size
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. United States of America
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2021
15.1.2.1. By Component
15.1.2.2. By Cloud Type
15.1.2.3. By Operator Type
15.1.2.4. By Organization Size
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2021
15.2.2.1. By Component
15.2.2.2. By Cloud Type
15.2.2.3. By Operator Type
15.2.2.4. By Organization Size
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2021
15.3.2.1. By Component
15.3.2.2. By Cloud Type
15.3.2.3. By Operator Type
15.3.2.4. By Organization Size
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2021
15.4.2.1. By Component
15.4.2.2. By Cloud Type
15.4.2.3. By Operator Type
15.4.2.4. By Organization Size
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2021
15.5.2.1. By Component
15.5.2.2. By Cloud Type
15.5.2.3. By Operator Type
15.5.2.4. By Organization Size
15.6. United Kingdom
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2021
15.6.2.1. By Component
15.6.2.2. By Cloud Type
15.6.2.3. By Operator Type
15.6.2.4. By Organization Size
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2021
15.7.2.1. By Component
15.7.2.2. By Cloud Type
15.7.2.3. By Operator Type
15.7.2.4. By Organization Size
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2021
15.8.2.1. By Component
15.8.2.2. By Cloud Type
15.8.2.3. By Operator Type
15.8.2.4. By Organization Size
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2021
15.9.2.1. By Component
15.9.2.2. By Cloud Type
15.9.2.3. By Operator Type
15.9.2.4. By Organization Size
15.10. China
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2021
15.10.2.1. By Component
15.10.2.2. By Cloud Type
15.10.2.3. By Operator Type
15.10.2.4. By Organization Size
15.11. Japan
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2021
15.11.2.1. By Component
15.11.2.2. By Cloud Type
15.11.2.3. By Operator Type
15.11.2.4. By Organization Size
15.12. South Korea
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2021
15.12.2.1. By Component
15.12.2.2. By Cloud Type
15.12.2.3. By Operator Type
15.12.2.4. By Organization Size
15.13. Malaysia
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2021
15.13.2.1. By Component
15.13.2.2. By Cloud Type
15.13.2.3. By Operator Type
15.13.2.4. By Organization Size
15.14. Singapore
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2021
15.14.2.1. By Component
15.14.2.2. By Cloud Type
15.14.2.3. By Operator Type
15.14.2.4. By Organization Size
15.15. Australia
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2021
15.15.2.1. By Component
15.15.2.2. By Cloud Type
15.15.2.3. By Operator Type
15.15.2.4. By Organization Size
15.16. New Zealand
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2021
15.16.2.1. By Component
15.16.2.2. By Cloud Type
15.16.2.3. By Operator Type
15.16.2.4. By Organization Size
15.17. GCC Countries
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2021
15.17.2.1. By Component
15.17.2.2. By Cloud Type
15.17.2.3. By Operator Type
15.17.2.4. By Organization Size
15.18. South Africa
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2021
15.18.2.1. By Component
15.18.2.2. By Cloud Type
15.18.2.3. By Operator Type
15.18.2.4. By Organization Size
15.19. Israel
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2021
15.19.2.1. By Component
15.19.2.2. By Cloud Type
15.19.2.3. By Operator Type
15.19.2.4. By Organization Size
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Component
16.3.3. By Cloud Type
16.3.4. By Operator Type
16.3.5. By Organization Size
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Amdocs Limited
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. Telefonaktiebolaget LM Ericsson
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. Huawei Technologies Co., Ltd.
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. Hewlett Packard Enterprise Company
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. IBM Corporation
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. Netcracker
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. Nokia Corporation
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. Optiva, Inc.
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.9. Oracle Corporation
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.10. ZTE Corporation
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Cloud OSS BSS Market
