Operation & Business Support System Market - Estimated to Grow from USD 23.95 Billion in 2015 to USD 42.81 Billion by 2020

DUBLIN, January 21, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/kddc37/operation_and) has announced the addition of the "Operation & Business Support System Market - Analysis & Forecasts to 2020" report to their offering. 

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Operation support system (OSS) & business support systems (BSS) are processes that support the back office activity as well as the activities that take place while interacting with the customers over the network. The report expects the global operation support system market to grow from USD 23.95 Billion in 2015 to USD 42.81 Billion by 2020, at a CAGR of 12.3 %. 

The key driver of OSS/BSS market is the cost-effective business process to gain competitive edge in the industry. 

Network planning & design is dominating the Operation Support System Market solutions, which is used to address strategic planning of networks with detailed specification and configuration of equipment. Network Planning & Design is the most critical step in any network deployment or upgrade, since the planning and design phase provides the most essential foundation for future network build. 

Strategic planners are required to take care of the network when it needs to expand. They takes into account how quickly new customers are signing up, how different services are being adopted, and how much capacity is being used. 

Telecom enterprise segment is dominating the operation support system market by end user as the telecom enterprises using OSS/BSS solution mainly to serve telecommunications service providers to manage their networks (e.g., telephone networks) and business related functions, such as network inventory, service provisioning, order management, customer care, network configuration, and fault management. 

The North American region has the largest share of the global operation support system market, followed by Europe. In North America, the Business Support System Market witnessed a significant growth owing to the strengthening of market for service assurance solution, especially for the telecom sector in terms of revenues with large-scale implementations in the telecom industry over the past years. 

Companies Mentioned: 

• Accenture
• Amdocs
• Ericsson
• Hewlett - Packard (HP)
• Huawei Technology
• IBM
• Nokia Networks
• Oracle Corporation
• Tata Consultancy Services (TCS)
• Tech Mahindra

Key Topics Covered: 

1 Introduction 

2 Research Methodology 

3 Executive Summary 

4 Premium Insights 

5 Market Overview 

6 Operation Support System Market by Industry Trends 

7 Global Market Analysis, By Solution 

8 Market Analysis, By OSS Solution 

9 Market Analysis, By BSS Solution 

10 Market Analysis, By End User 

11 Global OSS/BSS Market Analysis: By Region 

12 Competitive Landscape 

13 Company Profiles 

For more information visit http://www.researchandmarkets.com/research/kddc37/operation_and

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SOURCE Research and Markets