Global Next Generation OSS and BSS Market s
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Global Next Generation OSS and BSS Market size is expected to reach US$ XX Mn. by 2026 from US$ XX Mn. in 2019, at a CAGR of 15.8% during the forecast period.
Global Next Generation OSS and BSS Market Dynamics
Increasing adoption of digital devices and advanced technologies to drive the market
Digitalization across the globe has raised the adoption of digital devices such as smartphones, tablets, laptops, and many more. With the adoption of digital devices, the demand for high-speed internet connectivity has been increased in the past few years. These created need to analyze the customer’s preference, their experience, the trend related to the pricing, and data packages, which helps CSPs to remain competitive in the market.
The next-generation OSS/BSS system provides services such as billing, CRM, performance management, fault management, network operations, etc. However, the evolution of 5G network and increasing adoption of advanced technologies such as cloud computing, IoT, AI, ML, etc. is expected to increase the demand for network connectivity and high-speed internet, which has led to the CSPs to adopt the support system to automate the telecommunication billing process, customer service, order capturing, etc. With the changing time industries are shifting to the 5G network connectivity as it provides high-speed internet connectivity and low latency.
The telecom operators are quite aware of the success of the 5G network on the OSS/BSS system. According to the report, 72% of the communication service providers believe that the 5G revenue growth is dependent on the advanced OSS/BSS system, which is expected to boost the next generation OSS and BSS market across the globe. The OSS/BSS also helps to detect and manage the fault in the netwo
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Last Update : 30 July 2021 7:14 AM
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