Description

The global OSS BSS Systems and Platforms market is poised for strong growth in the coming years, mainly driven by the expanding telecom sector. The increasing adoption of converged billing systems and rising demand for after-sales services are also expected to contribute significantly to the OSS BSS systems and platforms market.

The opportunity presented by this market was valued at $29.11 billion in 2015 and is expected to advance at a CAGR of 10.5% from 2016 to 2024 to reach a market size of $70.97 billion at the end of the forecast period. The widespread adoption of OSS BSS systems and platforms is hampered by regulatory issues and difficulties in integrating with existing systems. However, the deployment of the Next Generation Operating System and Software Framework (NGOSS) is expected to bring immense growth potential to the market players of OSS BSS systems and platforms.
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