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OSS/BSS Software Market Size

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Report ID: 2943
Published Date: Sep 24, 2024
Report Format: PDF, PPT

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OSS/BSS Software Market Size

OSS/BSS Market size was valued at USD 68.04 billion in 2023 and is set to exceed USD 318.25 billion by the end of 2036, expanding at over 12.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of OSS/BSS is evaluated at USD 74.9 billion.

Increasing adoption of convergent billing systems to address real-time customer needs, and the enhanced focus to improve operational efficiency are expected to fuel the progress of this market. The growth of the market can also be attributed to factors such as the surge in adoption of OSS/BSS among prominent financial institutes and telecom service providers to enhance subscriber engagement and customer experience.

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Browse Key Market Insights with Data Illustration:

OSS/BSS Market Size & Share | Forecast Report 2036

Author Credits: Abhishek Verma

Report ID: 2943
Published Date: Sep 24, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing adoption of convergent billing systems and enhancing overall customer experience are the key factors driving market growth.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

Rising concern regarding data security and reluctance to migrate from legacy systems are estimated to hamper market growth.

The market in Asia Pacific region will provide ample growth opportunities owing to the increasing demand of OSS/BSS to improve operational efficiency from telecom sector.

The major players dominating the OSS/BSS software market are Accenture, Comarch SA, Amdocs, Capgemini, and Cisco Systems, Inc., among others.

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