Operations Support Systems And Business Support Systems (OSS And BSS) Market Size, Insights Forecast, Growth, Trends 2024-2033

The operations support systems and business support systems (oss and bss) global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market. Operations Support Systems And Business Support Systems (OSS And BSS) Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities. Market Size - The OSS and BSS market size has grown rapidly in recent years. It will grow from $54.38 billion in 2023 to $61.69 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to rise of virtual network operators, growing need for cybersecurity solutions, demand for real-time analytics, demand for converged billing systems, increasing complexity of telecom networks. The OSS and BSS market size is expected to see rapid growth in the next few years. It will grow to $96.30 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to growing need for scalable solutions, increasing demand for cloud-based solutions, rising demand for IoT connectivity management, increasing demand for 5G networks, demand for network automation. Major trends in the forecast period include adoption of artificial intelligence and machine learning, expansion of broadband networks, integration of blockchain technology, integration of Internet of Things (IoT) platforms, technological advancement. Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/operations-support-systems-and-business-support-systems-oss-and-bss-global-market-report Scope Of Operations Support Systems And Business Support Systems (OSS And BSS) Market The Business Research Company's reports encompass a wide range of information, including: 1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth. 2. Drivers: Examination of the key factors propelling market growth. 3. Trends: Identification of emerging trends and patterns shaping the market landscape. 4. Key Segments: Breakdown of the market into its primary segments and their respective performance. 5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market. 6. Macro Economic Factors: Assessment of broader economic elements impacting the market. Operations Support Systems And Business Support Systems (OSS And BSS) Market Overview Market Drivers - The growing need for cybersecurity solutions is expected to propel the growth of the OSS and BSS market going forward. Cybersecurity solutions refer to a range of technologies, practices, and policies designed to protect digital systems, networks, and data from unauthorized access, cyberattacks, and other potential threats. The growing reliance on digital infrastructure, interconnected systems, and the increasing sophistication of cyber threats necessitate the continuous evolution and adoption of cybersecurity solutions to safeguard sensitive information and critical assets. Operations support systems (OSS) and business support systems (BSS) facilitate cybersecurity by monitoring network operations, managing customer data securely, and ensuring compliance with regulatory requirements for telecommunications service providers. For instance, in April 2023, according to the Department for Science, Innovation, and Technology, a UK-based government body, cybercrime affected 11% of businesses and 8% of charities in total over the past 12 months, this number increased to 26% of medium-sized businesses, 37% of large businesses, and 25% of high-income charities. Furthermore, in March 2023, according to the World Economic Forum, a Switzerland-based non-governmental organization, the number of cyberattacks that target users in NATO (The North Atlantic Treaty Organization) countries had surged by 300% since 2020. Therefore, the growing need for cybersecurity solutions is driving the growth of the OSS/BSS market. Market Trends - Major companies operating in the OSS/BSS market are focusing on technological advancements, such as the use of low-code platforms for automation and development, to gain a competitive edge in the market. Low-code platforms make it easier and faster to develop OSS and BSS solutions by reducing the need for extensive coding knowledge. This approach also makes it more accessible for businesses and organizations to implement OSS and BSS solutions that are tailored to their specific needs. For instance, in November 2023, Cerillion, a U