OSS BSS SOFTWARE 2018 Market Globally 14.59% CAGR By 2021
Press
Release -
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Report
Description-
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The
global OSS BSS software market will witness an expansion at 15% CAGR
from 2017 to 2021. As per the report, the heightened increase in the
adoption rates of cloud based business support systems (BSS) is a key
factor that will drive the growth of the market. Communication
service providers across the globe are providing converged
communication technology with cloud based services to clients and
this will help fuel the growth of the OSS and BSS software market.
Communication service providers are providing SMEs with cloud based
BSS model so as to enable better resource management as this model
offers scalable IT infrastructure and business agility. The
cloud-based model prevents complications relating to license
management, installation of hardware, among others.
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Leading
telecom operators are outsourcing service functionalities to multiple
vendors for reduction of operational expenses. Services such as
management, operations, maintenance, network operations, and
infrastructure are being outsourced increasingly. The OSS BSS
software is used extensively for this purpose. One of the chief
drivers of this market is the outsourcing of the OSS BSS development
and design to managed service providers. The global OSS BSS software
market is fragmented and is characterized by the presence of many
large and small players, both. The market is therefore competitive.
Vendors are concentrating on the improvement of the overall customer
experience. Players are also investing their time in research and
development so as to come up with innovation so as to combat the
threat of new entrants.
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