OSS BSS System and Platform Market - Rising Demand for Mobile Internet Propelling Demand

Albany, NY -- (SBWire) -- 04/27/2018 --The global operation support system (OSS) and business support system (BSS) system and platform market features a highly fragmented landscape, finds Transparency Market Research (TMR). The leading five players held a combined share of 40.0% of the market in 2015. Some of the prominent companies operating in the market are Nokia Siemens, Hewlett-Packard Company, Accenture Plc, Telefonaktiebolaget LM Ericsson (publ), and Amdocs. These players are increasingly focusing on tapping the vast potential of various emerging economies, in a move to consolidate their shares.

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The sustained expansion of the telecommunication sector in various parts of the world is a key factor driving the market. The soaring popularity for convergent billing systems and the intensifying demand for competitive customer care services are the key factors bolstering the uptake of OSS BSS systems.

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Among customers, the rising demand for data, voice and video, and mobile commerce as a bundled offering from single operator is propping the demand for convergent billing systems. In addition, the growing adoption of these systems is attributed to the need for coordinated view of postpaid and prepaid services among customers.

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Furthermore, the burgeoning demand for service assurance and service management applications in various developing and developed countries is a key trend catalyzing the demand for OSS BSS system and platforms.

On account of several telecommunication regulators in various parts of world formulating standards related to ensure optimum quality of service (QoS), several providers are adopting OSS BSS platforms. The growing demand for robust end-to-end telecommunication services is further stoking the demand for these platforms.