DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/c3n7b5/global_oss_bss) has announced the addition of the "Global OSS BSS Market 2012-2016" report to their offering.
The analysts forecast the Global OSS BSS market to grow at a CAGR of 16.39 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growing customer base. The Global OSS BSS market has also been witnessing a shift from multiple platforms to a common platform. However, the short life cycle of the product could pose a challenge to the growth of this market.
The key vendors dominating this space include Accenture, Amdocs Inc., Ericsson, Huawei Technologies Co. Ltd., and Nokia Solutions and Networks.
The other vendors mentioned in this report are Comptel Corp., Comverse Inc., Convergys, CSG International, Elitecore Technologies Pvt. Ltd., Hewlett-Packard Development Co., Intec Systems Ltd., Oracle, Redknee Inc., Subex Ltd., Ushacomm, Wipro Ltd., and Xalted Information Systems Pvt. Ltd.
Commenting on the report, an analyst from the team said: Ranging from C language to XML, vendors use different programming language for their OSS/BSS services. Apart from the programming language the operational framework also differs from vendor to vendor. In order to increase the ease of integration and enhance the interoperability features of the OSS/BSS systems, telecom companies are initiating a move toward using a common platform. The OSS/BSS vendors have come up with initiatives such as the New Generation OSS by the Telemanagement Forum and OSS/J, i.e. OSS on a java platform. These initiatives also complement each other very well. With this, the cumbersome process of integration can be simplified. The issue of interoperability due to different operational frameworks as well as different programming languages will be minimized and will provide greater flexibility to the companies using OSS/BSS systems. This will enhance the business process performance by increasing the quality and reducing the lead time. It will also minimize the deployment and managing costs of the OSS/BSS application during its life cycle.
According to the report, services providers and carriers are under huge pressure due to a declining ARPU, increasing subscribers, growing demands of end-users, and increasing competition. In order to withstand the pressure, there was an urge to focus on innovation and explore additional revenue streams. This has increased the demand for OSS integration, thereby contributing to the growth of the market.
Further, the report states that during the recent downtrend of the Telecom industry, issues with the internal systems in the Telecom industry were solved momentarily by making stopgap fixes in the internal system, which left the unconnected internal systems at a bit of a stumbling block in the long run. End-users find opting for next-generation OSS/BSS systems a cheaper alternative to upgrading their existing systems due to rising maintenance costs.
For more information visit http://www.researchandmarkets.com/research/c3n7b5/global_oss_bss
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