The cloud OSS BSS market is expected to grow from US$ 19,249.82 million in 2022 to US$ 55,733.74 million by 2030; it is expected to grow at a CAGR of 14.2% from 2022 to 2030.
Cloud technology is making a huge impact on the telecommunications industry as it helps reduce operational and administrative costs for telcos. It also helps them maintain unified communication and collaboration with content delivery networks. In addition, cloud service providers help telecom sectors to focus on essential business services rather than server updates, IT, or maintenance issues. Cloud technology has increased the reach of the telecommunications industry across the world. Cloud delivery model platforms help deliver IT and communication services over any network, such as fixed and mobile, with worldwide coverage. These platforms can also be used by any connected devices of end users, such as PCs, smartphones, and televisions.
In addition, cloud technology helps deliver a wide range of communication services, including audio/video calls and conference calls, broadcasting, and messaging. It also helps provide high-grade network services, such as VPN and L4-L7 connection, thus ensuring secure and high-performance services with superior quality. Using cloud technology, the telecom industry can provide services at a reduced cost by offering software at lower prices through virtualization and provisioning software. It also helps deliver highly scalable and flexible infrastructure, along with enabling the optimum use of flexible and efficient resources, such as storage, IT, server, and network. Thus, the adoption of cloud technology in the telecom industry is emerging as a new trend in the cloud OSS BSS market
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Cloud OSS BSS Market: Strategic Insights
Market Size Value in US$ 19,249.82 Million in 2022 Market Size Value by US$ 55,733.74 Million by 2030 Growth rate CAGR of 14.2% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Cloud OSS BSS Market: Strategic Insights
Market Size Value in | US$ 19,249.82 Million in 2022 |
Market Size Value by | US$ 55,733.74 Million by 2030 |
Growth rate | CAGR of 14.2% from 2022 to 2030 |
Forecast Period | 2022-2030 |
Base Year | 2022 |
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Market Insights - Cloud OSS BSS Market
Growing Demand for Cloud OSS Among Tier 1 Communication Service Providers Boosts Cloud OSS BSS Market Growth
Cloud OSS solutions help the communications industry address many business-related and technical challenges. Cloud OSS are used for multiple applications due to their heterogeneous technology and vendor landscape. These solutions offer an efficient and easy way of resource sharing, automation, and monitoring. Using cloud OSS solutions, communications service providers (CSPs) simplify software upgrade procedures, thus reducing the cost considerably by ensuring near-zero downtime during the upgrade. Cloud OSS benefits Tier 1 CSPs by providing elasticity to handle burst traffic scenarios without any upfront investment. In addition, it enables them to automate server configurations, along with assisting them in monitoring server usage to improve efficiency. Cloud OSS also helps improve operational agility. New software versions can be easily deployed on virtual machines (VM), keeping native hardware in place. After testing the software, the network load can be redirected to new VMs. The cloud OSS solution also provides a faster time-to-market for new services as new capabilities can be easily scaled up or down on demand. Furthermore, cloud OSS solutions provide Tier 1 CSPs with big data solutions and analytics. Thus, the resultant rise in demand for cloud OSS solutions among these service providers boosts the cloud OSS BSS market growth.
Solution-Based Cloud OSS BSS Market Insights
Based on solution, the cloud OSS BSS market is segmented into BSS and OSS. The OSS segment accounted for a larger share of the cloud OSS BSS market in 2021. OSS solutions help deliver end-to-end services and resource management, which enables service agility and operational efficiency through automation. They also provide zero-touch orchestration for both traditional and digital services, which includes SDN/NFV, IoT, cloud, and 5G, while automating operations across complex hybrid environments. The OSS solutions help service providers to provide faster service and delivery, with improved operational agility and lower total operational costs.
Players operating in the cloud OSS BSS market are mainly focused on developing advanced and efficient products.
- In 2021, Telefónica Spain signed a multi-year collaboration agreement with Oracle to host database software from the on-premises cloud environment of vendors.
- In 2021, CSG acquired DGIT Systems, a companies providing configure, price, and quote (CPQ) and order management solutions to the telecoms industry. The acquisition combines industry-leading solutions developed to simplify the process of commercialization of next-generation multi-party digital offerings that will drive business growth for communications service providers (CSPs).
A few of the key players profiled in the cloud OSS BSS market are include Amdocs Ltd, Oracle Corp, Telefonaktiebolaget LM Ericsson, Hewlett Packard Enterprise Development LP, Huawei Technologies Co Ltd, Axino Solutions GmbH, CSG Systems International Inc, Nokia Corp, Infosys Ltd, and Softelnet SA.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Solution, Deployment Model, Enterprise Size, and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Canada, China, France, Germany, India, MEA, SAM, United Kingdom, United States
Frequently Asked Questions
The cloud OSS BSS market is expected to register an incremental growth value of US$ 36,483.93 million during the forecast period
The global market size of cloud OSS BSS market by 2030 will be around US$ 55,733.74 million
India and China register high growth rate during the forecast period
Business Support System (BSS) segment is expected to hold a major market share of cloud OSS BSS market in 2022
Asia Pacific register highest CAGR in the cloud OSS BSS market during the forecast period (2022-2030)
Amdocs Ltd, Oracle Corp, Telefonaktiebolaget LM Ericsson, Hewlett Packard Enterprise Development LP, and Huawei Technologies Co Ltd are the key market players expected to hold a major market share of cloud OSS BSS market in 2022
The factors such as continuous product innovations by vendors and growing demand for cloud OSS by Tier 1 communication service providers are contributing to the growth of cloud OSS BSS market
The estimated global market size for the cloud OSS BSS market in 2022 is expected to be around US$ 19,249.82 million
The List of Companies - Cloud OSS BSS Market
- Amdocs Ltd
- Oracle Corp
- Telefonaktiebolaget LM Ericsson
- Hewlett Packard Enterprise Development LP
- Huawei Technologies Co Ltd
- Axino Solutions GmbH
- CSG Systems International Inc
- Nokia Corp
- Infosys Ltd
- Softelnet SA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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