Portland, OR -- (SBWIRE) -- 11/16/2017 -- Progressive Markets added a report, "Cloud OSS BSS Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025", which says that the global market is expected to grow at a CAGR of over 13% from 2017 to 2025.

The cloud is one of the most vital elements in the IT infrastructure because of its scalability and flexibility. It helps in bringing down the operational costs due to minimal hardware investments. The cloud operation support system (OSS) and business support systems (BSS) are types of support systems that assist in network and service management. An OSS is a software system that manages the back-office activities operating a telecommunication network. It is used by network planners, service designers, operation centers, and engineering teams. A BSS is a software system that manages customer-facing activities such as CRM (customer relationship management), billing, order management, and call center automation.

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Market Drivers and Restraints

The cloud OSS BSS industry is witnessing a phenomenal growth in the recent years. Lower operating expenses due to less investment in hardware, enhanced customer experience, and increased business agility are all contributing to the growth of the market. On the other hand, there are some factors that are causing the market to lag. Such factors include lack of awareness of cloud technology among the masses and security and privacy concerns.

Cloud OSS BSS Market Key Segmentation:

The cloud OSS BSS market includes market categorization based on solution, service, mode of deployment, and geography. Based on solution, the market is classified into operational support system and business support system. The operational support system segment is further divided into network management, resource inventory management, and service assurance. The business support system segment is further classified into product and customer management, revenue and billing management, and service fulfillment. Based on service, the market is divided into professional services and managed services. Based on deployment mode, the cloud OSS BSS market is divided into hybrid cloud, public cloud, and private cloud. Based on geography, the market has been covered for the regions such as Asia-Pacific, North America, LAMEA, and Europe. The market in the Asian-Pacific region covers India, Japan, China, Australia, and the other areas of Asia-Pacific. The market in the North American region covers the regions such as Canada, Mexico, and the U.S. The cloud OSS BSS market in the LAMEA region covers Brazil, Saudi Arabia, South Africa, and the rest of LAMEA. The cloud OSS BSS industry in Europe covers regions such as France, Russia, Germany, UK, and the other regions in Europe.

Key Market Players

Several players offer solutions in the cloud OSS BSS industry segment. The important players operating in the market include Accenture, Amdocs, Cisco Systems, Inc., Hewlett Packard Enterprise Company, International Business Machines Corporation, Oracle Corporation, TEOCO Corporation, Sigma Systems, Mycom OSI, Mahindra Comviva.

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Key Benefits

The report offers a deep analysis of the cloud OSS BSS market, including the cloud OSS BSS market size, cloud OSS BSS market share (2014-2025), scope and market dynamics, Porter's Five Forces analysis, research methodology, competitive landscape, emerging market players, and current and future trends. The information in the report is a result of an extensive research and analysis of the trends and potential of the market. The market dynamics help understand the factors that make the market grow or diminish in size, providing insights on the market potential. The Porter's Five Forces Analysis includes the bargaining power of buyers and suppliers, threat of new entrants and substitute products, and industry rivalry. It gives an idea about the competitive aura within the global cloud OSS BSS industry and determines the profitability of the market.

The cloud OSS BSS market forecast (2017-2025) has been provided in the report for every segment and region mentioned above. The report also includes the historic market size from 2014 - 2016 for each segment and region. The report also includes important details about the players operating in the market. Such information assists players, new entrants, and investors gain insight on the overall competitive structure and accordingly plan their business ventures to gain a profitable outcome. The market studied across several regions helps in identifying the opportunities offered by the market.