Albany, NY -- (SBWIRE) -- 05/19/2017 -- OSS refers to a specialized software through which a telecom network supports various components within the system such as network operations, service management, and provisioning services, whereas BSS refers to the software that handles tasks such as customer support processes, billing services, order management, and fraud management. These systems support in streamlining operations and implementing service fulfillment. These applications are extensively helpful to manage complex networks and IT infrastructure, service delivery, and customer support. Therefore, telecom operators are investing billions of dollars in revamping their traditional network solutions.

The global OSS-BSS software market to grow at a CAGR of 18.52% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global OSS-BSS software market for 2016-2020. To calculate the market size, the report considers the revenue generated from the following:
- Deployment of OSS and BSS platforms and applications at telecom operator's business systems
- Sale of cloud billing services such as subscription and update services
- Functions such as installation, predictive maintenance, and support of the software
- Increased M&A activities among telecom operators, infrastructure providers, and software providers

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The market is divided into the following segments based on geography:
- Americas
- EMEA
- APAC

Technavio's report, Global OSS-BSS Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Amdocs
- Ericsson
- Huawei
- NetCracker
- Oracle
- Redknee

Other prominent vendors
- Aria Systems
- Accenture
- Analytica Resources
- Cerillion
- Comarch
- Comptel
- CSG International
- Elitecore Technologies
- Global Convergence Solutions
- Hewlett-Packard
- Hitachi Data Systems
- Intec Systems

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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