Global Operations Support Business Support (OSS/BSS) Software Market Analysis 2021-2031

The global operations support business support (OSS/BSS) software market is anticipated to grow with a CAGR of 10.36% over the forecast period, i.e., 2022 - 2031. Factors such as the increasing adoption of 5G, rising investment of the players in the telecom industry in 5G network technology, and the growing demand amongst the telecom subscribers for add-on services, which is driving the need amongst the telecom service providers to consolidate all their billing tasks together and also create enhanced transparency in their billing system are expected to drive the growth of the market. Besides this, the rise in awareness about operations support business support (OSS/BSS) software, and the shift of businesses towards cloud OSS/BSS systems owing to greater accessibility and cost efficiency, are also projected to drive the market growth in the coming years. The market is estimated to garner a revenue of near to USD 108080 Million by the end of 2031, up from a revenue of more than USD 41930 Million in the year 2021.

The global operations support business support (OSS/BSS) software market is segmented into numerous segments, which include segmentation by solution, deployment, enterprise size, application, and by region. By application, the market is segmented into IT & telecom, BFSI, media & entertainment, retail & e-commerce, and others. The IT & telecom segment, amongst all the other segments, is anticipated to garner the largest revenue of over USD 83230 Million by the end of 2031, up from a revenue of close to USD 31550 Million in the year 2021.

On the basis of region, the global operations support business support (OSS/BSS) software market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America, amongst the market in all the other regions, is anticipated to garner the largest revenue of around USD 41610 Million by the end of 2031, up from a revenue of over USD 15600 Million in the year 2021.

Some of the prominent industry leaders in the global operations support business support (OSS/BSS) software market that are included in our report are Accenture PLC, Comarch SA, Amdocs, Capgemini Service SAS, Nokia, NetCracker Technology Corporation, Huawei Technologies Co. Ltd., IBM Corporation, Cisco Systems, Inc., Oracle Corporation, and others.