The next generation Operational Support Systems (OSS) and Billing Support Systems (BSS) market will reach $40.9 B USD globally by 2019 with a CAGR of 33.6%, while at the same time legacy OSS/BSS is expected to contract to $20.1 B USD globally with a CAGR of -5.8%, according to Mind Commerce.
The leading market research company via its Next Generation Network OSS/BSS Market and Forecast 2014 - 2019 report noted that market dynamics dictate the need for more personalized telecom services for global consumers and businesses, which we see as one of the substantive drivers for the network operator shift towards next generation OSS/BSS.
New technology and solution deployments such as Software Defined Networks (SDN), Network Function Virtualization (NFV) and Cloud-based services delivery are the key drivers for the renewed investments in the next generation OSS/BSS, said Mind Commerce. Mind Commerce, however cautioned that the operational constraints of managing and transforming legacy systems could potentially be a constraint in the implementation.
