OSS/BSS Market Revenue to Cross USD 90 Bn by 2026: Global Market Insights, Inc.

SELBYVILLE, Del., June 14, 2020 /PRNewswire/ --A According to the latest report "OSS/BSS Market by Solution (OSS [Service Assurance, Network Management, Inventory Management], BSS [Billing and Revenue Management, Service Fulfillment, Customer and Product Management]), Deployment Model (On-premise, Cloud), Enterprise Size (SME, Large Enterprise), Application (IT & Telecom, BFSI, Media & Entertainment), Regional Outlook, Competitive Market Share & Forecast 2026", by Global Market Insights, Inc., the market valuation of OSS/BSS solutionsA will reach $90 billion by 2026. The increasing demand to streamline customer service functions and ensure high-quality service delivery will contribute significantly to the market growth.Changing market dynamics and the emergence of next-generation technologies are fueling the adoption of BSS/OSS solutions. Communication service providers are leveraging advanced OSS/BSS platforms to meet higher service delivery standards. These platforms identify network faults, track service performance, and resolve issues that occurred. They also support network processes, such as network inventory maintenance & service delivery, and enhance customer support operations.RequestA a sample of this research report @ BSS solution segment is expected to grow at a significant rate during the forecast period. BSS solutions, such as customer & product management systems, assist in providing better customer experience, and support the process of development, sales, & management of products. It also assists enterprises in pricing decisions, cross-product offerings, and managing products that are linked to one another. To sustain in the competitive market, enterprises are expected to adopt advanced customer & product management systems to offer more personalized products and services.The media & entertainment sector in the OSS/BSS market will observe steady growth until 2026. The increasing digitalization & technological advancements across industries is fueling market growth. With an increase in competition, companies are focusing on delivering high-quality services to their customers. In addition, due to the growing popularity and penetration of on-demand video streaming services, companies are looking for advanced OSS/BSS solutions to improve service quality.
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