Apr 22, 2021 (AmericaNewsHour) -- Research Nester released a report titled "OSS/BSS Software Market: Global Demand Analysis & Opportunity Outlook 2029" which delivers detailed overview of the global OSS/BSS software market in terms of market segmentation by solution, deployment, enterprise size, application and region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The OSS/BSS software market is projected to grow with a high CAGR during the forecast period, i.e., 2021-2029 on account of the growing adoption of modern and agile OSS/BSS software from communication service providers to replace legacy system to drive operational efficiency and enhance overall customer experience. For instance, in June 2020, Matrixx software was selected by AT&T Mexico, a subsidiary of AT&T USA and one of the most prominent mobile players in the Mexican market, for deploying a cloud-native digital commerce platform for its prepaid customers. This cloud-native digital commerce platform will replace multiple legacy Intelligent Network (IN) and Business Support Systems (BSS) to offer a future-proof, web-scale BSS allowing for greater innovation and business agility.
Download Sample of This Strategic Report: https://www.researchnester.com/sample-request-2943
The market is segmented by solution into service assurance, network management, inventory management, billing and revenue management, service fulfilment, customer and product management, and others. Among these segments, the billing and revenue management is anticipated to hold the largest share by the end of 2021 in the OSS/BSS software market as a result of increased adoption of convergent billing systems to address real-time customer needs and amplify revenues.
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the OSS/BSS software market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period. Currently, the market in North America holds the largest share. This can be attributed to the proliferation of mobile network operators and communication service providers, accompanied by the adoption of various strategies by telecom service providers in this region to upgrade their existing OSS & BSS to develop new service capabilities and adapt to the changing market scenarios in the region.
Growing Adoption of Convergent Billing Systems to Drive Market Growth
The growing price complexity has in turn driven operators to deploy convergent billing systems with more capabilities for handling billing and charging complexities. Additionally, the benefits of integrating different service charges into a single customer invoice is also expected to boost the market growth in upcoming years. However, reluctance to migrate from legacy systems and expensive implementation of technology are some of the factors that are estimated to restrain market growth in the near future.
"The Final Report will cover the impact analysis of COVID-19 on this industry."
Download/Request Sample Copy of Strategic Report: https://www.researchnester.com/sample-request-2943
This report also provides the existing competitive scenario of some of the key players of the OSS/BSS software market which includes company profiling of Accenture /zigman2/quotes/201711136/composite ACN -0.71% , Comarch SA (wse:CMR), Amdocs /zigman2/quotes/202810519/composite DOX -0.48% , Capgemini (epa:CAP), Cisco Systems, Inc. /zigman2/quotes/209509471/composite CSCO +0.83% , Hewlett Packard Enterprise Development LP /zigman2/quotes/203461582/composite HPQ +1.44% , Netcracker (tyo:6701), Nokia (hel:NOKIA), Oracle /zigman2/quotes/202180826/composite ORCL +0.84% , and Huawei Technologies Co., Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global OSS/BSS software market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
About Research Nester
Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.
Contact for more Info:
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
The post Operations Support Business Support Software Market to Grow with a High CAGR During 2021-2029; Increased Focus on Enhancing Overall Customer Experience to Drive the Market Growth appeared first on America News Hour .
Is there a problem with this press release? Contact the source provider Comtex at firstname.lastname@example.org. You can also contact MarketWatch Customer Service via our Customer Center.