Cloud OSS BSS Market

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Cloud OSS BSS Market
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The global cloud oss bss market was valued at
24.0 billion in 2021, and is projected to reach
68.5 billion by 2031, growing at a CAGR of 11.3
from 2022 to 2031.
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Cloud native OSS and BSS built on micro
applications provides the necessary agility to
create innovative, personalized customer
experiences that would result in higher customer
retention and improve revenues.
BSS primarily consists of order capture, customer
relationship management, and telecommunications
billing, whereas OSS covers order management,
network inventory management, and network
operations.
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Impact of Covid-19
Organizations adopted "work from home" or remote
working culture due to lockdown restrictions put
by governments of many countries. This led to
adoption of cloud OSS BSS, which, in turn, raised
investments and reliance on OSS BSS services and
solutions.
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The demand from various industry verticals such
as IT telecom, BFSI, retail, and others
increased considerably to avail benefits of
integrating different service charges into a
single invoice. This consolidated the demand for
convergent billing tools and cloud-native OSS BSS
solutions. 
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Top Impacting Factors
Increase in adoption of tailored cloud OSS BSS
solutions
Increase in demand for convergent billing systems
Surge in adoption of 5G
Reduced energy usage and mass connectivity for
devices
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Segmentation By Region 
North America 
U.S., Canada
Europe
U.K., Germany, France, Spain, Italy, Rest of
Europe
China, Japan, South Korea, India, Australia, Rest
of Asia-Pacific
Asia-Pacific
LAMEA
Latin America, Middle East, Africa
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Leading Market Players 
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Contact
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