Lewes, DE -- (SBWIRE) -- 08/04/2016 -- Report forecast the global OSS-BSS software market to grow at a CAGR of 18.52% during the period 2016-2020.

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 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

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

According to the report, increased adoption of convergent billing systems is a key driver for this market. The telecom industry is highly competitive, and players in this market are focusing much on channels that maximize their revenue streams with the adoption of convergent billing systems to gain a competitive edge. Revenue management system (RMS) has undergone a drastic shift from traditional basic billing and charging methods, and accounting function to completely new platform that establishes new revenue streams.

Further, the report states that integration issues with legacy systems is a challenge to market growth. Most telecom operators prefer to purchase different software for different OSS-BSS functions such as pre-paid billing, post-paid billing, enterprise resource planning, CRM, revenue assurance, mediation, and order provisioning. Since different vendors use different technologies for their OSS-BSS product development, it is difficult for telecom operators to integrate multiple functions of an OSS-BSS solution from different vendors.

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 players in the global OSS-BSS software market: Amdocs, Ericsson, Huawei, NetCracker, Oracle, and Redknee.

Other Prominent Vendors in the market are: Aria Systems, Accenture, Analytica Resources, Cerillion, Comarch, Comptel, CSG International, Elitecore Technologies, Global Convergence Solutions, Hewlett-Packard, Hitachi Data Systems, Intec Systems, SAP, Sigma Systems, Subex, Wipro, and Xalted Information Systems.

Market driver
- Increased adoption of convergent billing systems
- For a full, detailed list, view our report

Market challenge
- Integration issues with legacy systems
- For a full, detailed list, view our report

Market trend
- Demand for customized OSS-BSS software
- For a full, detailed list, view our report

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?

Spanning over 72 pages and 31 Exhibit "Global OSS-BSS Software Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-oss-bss-software-market-2016-2020

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