Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Cloud OSS BSS Market size is expected to reach $38.2 billion by 2028, rising at a market growth of 12.4% CAGR during the forecast period.
The Solution segment acquired maximum revenue share in the Global Cloud OSS BSS Market by Component in 2021, thereby, achieving a market value of $27.6 billion by 2028. The need for BSS solutions is constantly high, as they aid in the efficient control, management, and execution of business operations, as well as the support of economic and customer-oriented operations in the telecom industry.
The Private segment is showcasing CAGR of 12.6% during (2022 - 2028). The business has direct control over the system and only approved customers can share the network, a private cloud also referred to as an internal cloud or corporate cloud is the most sustainable option available.
The Large Enterprises segment is leading the Global Cloud OSS BSS Market by Organization Size in 2021, thereby, achieving a market value of $23.6 billion by 2028. Open source is helpful to large businesses enterprise because it allows them to rely less on their internal resources and to tap into ideas that come in from outside sources. Its contributors are generally more diverse, ranging from research scientists to full-time developers.
The Mobile segment has shown growth rate of CAGR of 14% during (2022 - 2028). A mobile network operator (MNO), also known as a carrier service provider, mobile phone operator, or mobile phone network operator, is a telecommunications service provider that provides wireless voice and data connectivity to its subscribers.
The North America market dominated the Global Cloud OSS BSS Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $13.2 billion by 2028. The Europe is poised to grow at a CAGR of 11.6% during (2022 - 2028). Additionally, The Asia Pacific market would showcase of 14.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/cloud-oss-bss-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Oracle Corporation, Nokia Corporation, Ericsson AB, NetCracker Technology Corporation (NEC Corporation), Optiva, Inc., ZTE Corporation, Hewlett-Packard Enterprise Company, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), and Amdocs Limited.
By Cloud Type
By Organization Size
By Operator Type
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