A new report delivered by Analysys Mason reveals that communication service providers (CSPs) have experienced a significant increase in spending on Operations Support Systems (OSS) and Business Support Systems (BSS) software and services. This increase in investment can be attributed to the continuous development of 5G infrastructure and the adoption of cloud-based solutions in the telecommunications industry.
Despite the anticipated gradual slowdown in growth in the OSS/BSS industry, CSPs are expected to continue modernizing their systems to support automation and improve customer experiences, which are essential in the era of 5G. Forecasts also indicate a shift in spending towards cloud-related technologies as communication service providers expand their service offerings.
The report predicts a stable growth path for CSPs’ spending on OSS/BSS software and services, with an expected annual growth rate of 5.0 percent between 2022 and 2028. This translates to an estimated cumulative value of $80 billion during this forecast period.
Nokia emphasizes the need for OSS system evolution to fully leverage network value and effectively support digital services and network scaling through network slicing, both in operational and business domains.
Key Takeaways
– The development of 5G infrastructure and the adoption of cloud-based solutions are driving the growth in expenditure on Operations Support Systems (OSS) and Business Support Systems (BSS).
– Forecasts indicate a gradual increase in CSPs’ spending on OSS/BSS software and services, with an annual growth rate of approximately 5.0 percent between 2022 and 2028.
– Nokia highlights the need for OSS system evolution to maximize network value and effectively support digital services.
– Regions such as North America, Latin America, Sub-Saharan Africa, the Middle East and North Africa, and the emerging Asia Pacific region surpass the global average expenditure growth.
– Total CSPs’ spending on OSS and BSS system modernization is estimated to reach approximately $31 billion by 2028.
Source: Analysys Mason
FAQ:
What are OSS/BSS systems?
Operations Support Systems (OSS) and Business Support Systems (BSS) are software and services used to manage operations and business in the telecommunications industry. OSS is responsible for network and operator operations management, while BSS handles business support functions such as customer billing, service sales, and customer care.
What are the benefits of OSS/BSS system modernization?
Modernizing OSS/BSS systems enables communication service providers to automate operations, improve customer experiences, and better utilize new technologies such as 5G and cloud computing. This allows them to expand their service offerings, generate new revenue streams, and efficiently manage growing service volumes.
What are the prospects for expenditure growth on OSS/BSS systems?
Forecasts indicate a stable growth in CSPs’ expenditure on OSS/BSS software and services, with an annual growth rate of approximately 5.0 percent between 2022 and 2028. The estimated expenditure value during this period is $80 billion.
Which regions surpass the global average expenditure growth on OSS/BSS?
Regions such as North America, Latin America, Sub-Saharan Africa, the Middle East and North Africa, and the emerging Asia Pacific region expect OSS/BSS expenditure surpassing the global average. Significant expenditure growth is particularly anticipated in the Asia Pacific region across all OSS/BSS segments.
What are the key factors driving expenditure growth on OSS/BSS?
Expenditure growth on OSS/BSS is driven by the development of 5G technology, the adoption of Software as a Service (SaaS), and the growing process of cloud computing. Communication service providers, moving beyond the 5G deployment phase, focus on generating new revenue sources. Cloud-based solutions will also continue to evolve along with the automation and virtualization of new services.
Article Source: [Click Here](https://www.example.com)
The source of the article is from the blog newyorkpostgazette.com