The report forecasts the global OSS-BSS software market to grow at a CAGR of 18.52% during the period 2016-2020.
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.
Demand for customized OSS-BSS software is a key trend for this market. Telecom operators are shifting their business model from a technology-centric model to a customer-centric one. Hence, the adoption of customized OSS-BSS software will facilitate telecom service providers to deliver bundled services, which will enhance user experience.
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.