London, 28 November 2014 – Adoption of next-generation telecom technologies by telecom service providers has led to an unparalleled growth in the Global OSS/BSS Software Market, which is expected to post a CAGR of 17.85 percent from 2015-2019, says TechNavio.
The single invoice technology for multiple telecom services in telecom companies has been made possible because of the shift to next-generation technologies from legacy systems.
The latest report by TechNavio highlights outsourcing of OSS/BSS service functionalities to managed service providers as a major reasons for growth in this sector. Most telecom operators are seeing low profit margins on account of decreasing average revenue per user (ARPU), which has pushed many operators in debt. In order to reduce operational expenses, telecom operators are now outsourcing most of their service functionalities like infrastructure, operations and management to multiple vendors.
“OSS/BSS software implementation and maintenance requires a trained workforce, therefore most operators outsource their OSS/BSS functions to managed service providers,” says Faisal Ghaus, Vice President of TechNavio.
“Outsourcing of OSS/BSS service functionalities enable operators to maintain profit margins and a high service level agreement.”
In addition, increased usage of cloud in OSS/BSS is also expected to propel market growth, as it provides flexibility and reduces the operational expenses.
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