The cloud technology has swiftly turned into a necessity for the infrastructure which is required for information technology across a wide range of industries and business processes. The cloud based OSS BSS solution offers a lot of advantages as the best ones (for example the ones which are specifically built for mobile BeQuick BSS/OSS) offer modular employment ready applications and processes. These processes and applications are perfect for ideal to start up mobile services providers who look to start immediately. Further, a cloud based OSS BSS provides integrated key capabilities like charging and billing, service delivery, ordering and customer support. MVNO’s get real time network interface which can provide singular view to their subscribers from the network to the device across a wide range of businesses with the capability of swiftly launching latest promotions, offers and various service plans with the ability of ultimate service bundling potential. Some of the factorsdriving the Cloud OSSBSS Market include rising acceptance of customized cloud OSS BSS solutions, enhancing overall customer experience, rising demand for convergent billing systems and lower operational expenses. Lack of knowledge in cloud technology is a key factor restraining the OSS BSS market growth, moreover growing concern for cloud technology is further expected to restrain the Cloud OSSBSS Market growth over the next few years. High rate of adoption of could based OSS BSS in the telecommunication industry is expected to be a key opportunity for the market growth over the next few years. Further, growing complexity in the telecommunication industry is another challenge faced by the cloud based OSS BSS service providers and this is further expected to restrain the OSS BSS technology over the next few years.
The Cloud OSSBSS Market by type has been segmented into services and solutions. The OSS BSS market by solution has been segmented into business support system andoperational support system. The business support system has been further segmented into product and customer management, revenue and billing management and service fulfillment. The operations support system segment in the OSS BSS market segmented by solutions has been segmented into resource inventory management, network management and service assurance.
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Further, the Cloud OSSBSS Market by deployment model has been segmented into private could, public could and hybrid could. The public could segment in the Cloud OSSBSS Market segmented by deployment model led the market in this segment. Growing usage of could base OSS BSS enables CPs to develop better and enhanced customer experience, with reduction in operating expenses. Companies which work with cloud based BSS OSS are rapidly inclining towards the deployment of could based services so that they can store and manage their data in a more organized manner and in the process optimize their business processes.
The cloud based Cloud OSSBSS Market by end use industry has been segmented into telecommunication, defense and surveillance, aerospace, healthcare, automotive and others. The telecommunication segment in the could based OSS BSS market segmented by end use industry led the market and is expected to grow at the fastest rate over the next few years.
Geographically the cloud based Cloud OSSBSS Market has been broadly segmented into North America, Latin America, Asia Pacific, Europe and Middle East and Africa. North America led the cloud based OSS BSS market. Growing need for bundled services and shifting workload towards cloud based environment are driving the market in North America. Europe followed North America in the cloud based OSS BSS market and Asia Pacific is expected to grow at the fastest rate over the next few years.
Some of the key players operating in the cloud based OSS BSS market include, Amdocs (U.S.), Accenture (Ireland), Cisco Systems, Inc. (US),LM Ericsson Telephone Company (Sweden),Comarch S.A., (Poland),Hewlett Packard Enterprise Company (U.S.) and Nokia Corporation (Finland) among others.
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