The global OSS/BSS market solutions was valued at US$ 21.86 billion in 2013 and is expected to grow at a CAGR of 12.7% from 2014 to 2020, to reach US$ 49.78 billion in 2020.
Albany, NY — (SBWIRE) — 08/09/2016 — According to Transparency Market Research, the global OSS/BSS market is dominated by Ericsson, Accenture, and Amdocs, who collectively accounted for 27.9% of the market in 2012. Beyond these three, however, the next seven companies collectively accounted for around 22% of the market, and the degree of fragmentation is even higher beyond the top ten key players. Overall, the global OSS/BSS market is moderately fragmented and includes several small-scale producers.
Some of the other leading companies in the OSS/BSS market are IBM Corporation, Oracle Corporation, Infosys Ltd., CSG International, Tata Consultancy Services, Redknee Solutions Inc., HP, Nokia Siemens Networks, Alcatel-Lucent, Huawei Technologies, and Capgemini S.A.
Growth of Telecommunications Industry, Smartphones Market Beneficial for OSS/BSS Market
The prime driver for the global OSS/BSS industry is the increasing demand for convergent billing/charging. Thanks to the diversification of the global telecommunications industry, communication service providers have begun to offer voice, data, multimedia, mobile commerce, and several other types of telecommunications services. The convenience of getting all the services from the same provider has driven the demand for convergent billing, as it is easier to monitor for both the consumer and the service provider.
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