The Europe Cloud OSS BSS Market would witness market growth of 11.6% CAGR during the forecast period (2022-2028).
Cloud BSS is a modernized BSS application architecture that takes advantage of all the advantages of cloud infrastructure, including deployment automation, automated scaling, resource utilization efficiency, and constructed high availability. Despite the lack of agreement on what constitutes "cloud-native" BSS applications, there are a few guidelines to follow to simplify BSS architecture and reap the benefits of cloud architectures. To optimize the flexibility of future cloud journeys and modifications to the underpinning cloud layer, a cloud-native application would support cloud choices for the supporting infrastructure.
Despite some guidelines and architectural principles, the "conventional" BSS was built and expanded in the past primarily to meet customer needs as quickly as possible as network technology permitted new products and services. In many cases, new development was carried out were delivering a new feature was easier and faster to get products or services to market. As a result, many CSPs now have massive infrastructure footprints related to their BSS services, with complicated designs to ensure high reliability, replicated databases across multiple systems, and large modules managing various functions that had nothing to do with one another. Over time, their software products became a mishmash of home-grown systems and systems purchased from a variety of vendors.
This research examines trends and advances in ICT infrastructure, access, and use in Europe, which encompasses 46 ITU Member States and a populace of 686 million people. The evolution of legislation and reviews the progress and challenges of the ITU regional efforts for Europe since the last World Telecommunication Development Conference in 2017 (WTDC-17) and during the COVID-19 pandemic. Its goal is to serve as a reference for the ITU membership in monitoring progress and establishing ICT developmental goals in Europe.
The Germany market dominated the Europe Cloud OSS BSS Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,368.9 million by 2028. The UK market is anticipated to grow at a CAGR of 10.7% during (2022 - 2028). Additionally, The France market would display a CAGR of 12.4% during (2022 - 2028).
Based on Component, the market is segmented into Solution (Business Support System (BSS) and Operation Support System (OSS)) and Services. Based on BSS Type, the market is segmented into Billing & Revenue Management, Product Management, Customer Management, and Others. Based on OSS Type, the market is segmented into Network Management & Orchestration, Resource Management, and Analytics & Assurance, Service Design & Fulfillment. Based on Cloud Type, the market is segmented into Public, Private, and Hybrid. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Operator Type, the market is segmented into Fixed and Mobile. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Cloud OSS BSS Market will Hit $38.2 Billion by 2028, at a CAGR of 12.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, Nokia Corporation, Ericsson AB, NetCracker Technology Corporation (NEC Corporation), Optiva, Inc., ZTE Corporation, Hewlett-Packard Enterprise Company, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), and Amdocs Limited.
By Component
By Cloud Type
By Organization Size
By Operator Type
By Country
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