According to a new report, published by KBV research, The Global Next Generation OSS And BSS Market size is expected to reach $147.69 billion by 2031, rising at a market growth of 13.0% CAGR during the forecast period.
The Mobile segment is leading the Global Next Generation OSS And BSS Market by Network in 2023; thereby, achieving a market value of $44.8 billion by 2031. The mobile segment drives significant growth in the market due to the widespread adoption of smartphones, increasing data consumption, and the rapid deployment of 4G and 5G networks. The rising demand for seamless mobile experiences, real-time billing, and efficient customer management has pushed telecom operators to invest in advanced OSS/BSS platforms. Additionally, the proliferation of mobile applications and IoT devices has increased the complexity of managing mobile networks, necessitating innovative solutions to optimize performance and enhance customer satisfaction.
The Service Fulfillment segment is anticipating a CAGR of 12.3% during (2024 - 2031). As telecom operators strive to meet customer expectations for instant activations, configurations, and service provisioning, advanced OSS/BSS solutions for service fulfillment have become essential. The integration of automation and AI-driven workflows in provisioning and order management has further streamlined operations, enabling faster deployment of services such as 5G, IoT, and broadband.
Full Report: https://www.kbvresearch.com/next-generation-oss-and-bss-market/
The North America region dominated the Global Next Generation OSS And BSS Market by Region in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $54.4 billion by 2031. The Europe region is experiencing a CAGR of 12.8% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 13.6% during (2024 - 2031).
By Network
By Architecture