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(Wireless-NewsWire.Com, September 20, 2018 ) The Global Operation & Business Support System Market was valued at USD 27.00 billion in 2016 and is projected to reach USD 77.62 billion by 2025, growing at a CAGR of 12.45% from 2017 to 2025.
Business support systems (BSS) are the mechanisms that a service provider uses to manage its business operations towards customers. These support systems are collectively used for end to end communication. Both these systems have individual duties and information. BSS and OSS when used together, provides product management, order management, revenue management, customer management, network management, service delivery, and service fulfillment.
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With the adoption of next-generation network, the increase in the use of Big Data, Virtualizations, and machine to machine services has increased. This in addition to cost-effective business processes is the driving factors for the global operation and business support system. Some factors that restrain the global operation and business support system are the implementations of OSS/BSS solution in traditional systems, the implementation span between order activation and processing dissatisfies the user.
Competitive Landscape:
The major players in the market are as follows:
Accenture
Tata Consultancy Services (TCS)
Amdocs
Ericsson
IBM Corporation
Tech Mahindra
Hewlett Packard
Nokia Networks
Oracle Corporation
Huawei Technology
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