Connect with us

Feature Articles

OSS/BSS Market to grow at 13% CAGR between 2020 and 2026

Inside Telecom Staff

Published

on

OSSBSS Market to grow at 13% CAGR between 2020 and 2026

The OSS/BSS Market is set to grow from its current market value of more than $35 billion to over $90 billion by 2026; as reported in the latest study by Global Market Insights, Inc.

The OSS/BSS market is expected to pick up significant momentum in terms of growth over the coming years owing to a rising demand from the retail and ecommerce industry. OSS, known as operations support systems, is defined as software applications which supports the back-office activities that help operate a telecommunication company’s network, provision as well as maintaining customer services.

It is usually used by architects, support, operations, service designers, network planners, as well as engineering teams in the service provider segment. Progressively senior staff as well as product managers under the COO or CTO might utilize OSS to a certain degree as well.

BSS, known as business support systems, provides enterprises the capability to deal with customers by supporting consumer-facing activities. Processes like collection of payments, taking orders, and processing bills, all come under BSS. It is defined as the business or customer- oriented functionality.

These tools enable a company to connect with its customers; for example, CRM (customer relationship management); creating offers for them; like products and services; issue bills to customers, and also carry out cross-carrier transactions.

Both OSS and BSS enable network operators to proficiently and reliably provide services to a vast number of subscribers on several of the globe’s most complex machines, the global telecommunications networks.

The OSS/BSS market is bifurcated in terms of solution, deployment model, enterprise size, application, and regional landscape.

In terms of solution, the OSS/BSS market is categorized into OSS and BSS. The OSS segment is further classified into inventory management, network management, and service assurance. The network management segment held a market share of nearly 30% in 2019 since it helps in maintaining and configuring resources in the network to support services.

The inventory management segment is projected to witness a CAGR of over 10% through the analysis period owing to a growing demand for automated inventory management solutions by telecom service providers. Advancements in the field of inventory management facilitate multi-purpose capabilities that are designed for tracking network assets, improve the network visualization, and interacting with other operating support systems. With increasing demand for effective inventory management from the online retail industry, the segment is likely to witness tremendous gains.

The BSS solution segment is divided into customer & product management, service fulfillment, and billing & revenue management. The service fulfillment segment will witness a significant CAGR of nearly 17% through the analysis period as it helps in reducing the time to market for service delivery and increases customer satisfaction.

From a regional frame of reference, LAMEA OSS/BSS market witnessed a market share of nearly 18% in 2019 due to increasing number of data services and subscribers. The regional segment is projected to further register lucrative growth owing to the aforementioned trends.

Source: https://www.gminsights.com/industry-analysis/oss-bss-market

We’re a diverse group of industry professionals from all corners of the world. Our desire is to provide a high-quality telecoms publication that caters to an international market, offering the latest and most relevant telecoms information to businesses, entrepreneurs and enthusiasts.

Feature Articles

5G and cybersecurity challenges in the aviation sector

Ranine Awwad

Published

on

5G and cybersecurity challenges in the aviation sector

The aviation industry has become more digitalized. Thus, the dependence on technology has engendered more cybersecurity risks. In December 2018, Finland Helsinki Airport became the first 5G airport in the world. This achievement came out after a collaboration between the Swedish Telecom provider Telia and the Finnish airport operator Finavia. However, aviation cybersecurity is becoming more and more complex with emerging technologies like the 5G network, according to Security Boulevard.

The adoption of the fifth generation technology would improve the passenger’s experience. Moreover, 4G technology can manage around 10, 000 devices per square kilometre but a 5G network can manage a million, according to the National. The high-speed Internet will facilitate communication between aircraft and their ground control system. According to Fortune Business Insights, the global 5G in the aviation market size is expected to reach $4.2 billion by 2026.

With an increasing demand for connectivity, providing a 5G network at the airport becomes crucial. Finnish Telecommunications Company, Nokia, has been collaborating with Belgian mobile operator Citymesh aiming to enable the use of 5G at Brussels Airport by the end of March 2020. However, many challenges arise when talking about the deployment of the 5G network across the aviation market. ImmuniWeb report entitled “State of Cybersecurity at Top 100 Global Airports” states that “97 out of 100 world’s largest airports have security risks related to vulnerable web and mobile applications, misconfigured public cloud, Dark Web exposure or code repositories leaks”.

Airports have suffered from different cybersecurity attacks such as DDoS attacks or incidents in which hackers stole building plans and sensitive security protocols, states Trip Wire.

In 2020, the World Economic Forum (WEF) has shed light on the consideration of emerging cybersecurity challenges in the aviation industry. The report states that the aviation sector will suffer from cyberattacks amid the digitalization process. Cybersecurity threats in the aviation sector are difficult to detect and control resulting in economic losses, and negative impacts on passenger’s experience. According to ‘Building cyber resilience in airports’ report published by PA Consulting, the European Aviation Safety Agency (EASA) said that 1,000 attacks on aviation systems happen each month.

5G will increase the entry point for attackers. The UK Civil Aviation Authority CAA has launched the Assure Scheme aiming to strengthen the aviation industry’s cybersecurity resilience.

Continue Reading

Feature Articles

5G subscriber growth in South Korea

Karim Hussami

Published

on

5G subscriber growth in South Korea

As long as countries improve their telecoms infrastructure and enhance their offerings in mobile services, internet and wireless, they can expect to generate more subscriptions over time.

The latest 4G and 5G networks are getting the most subscribers especially in light of plans for wider deployment. As of late, 5G mobile subscribers have exceeded 7 million in South Korea in June, according to reports.

The reason behind this rise is South Korea’s ambitious efforts to offer the fastest mobile service, which began in April last year, in parallel with the anticipated increase in the number of 5G subscriptions later this year after the launch of new phones like Samsung’s Galaxy Note 20.

As such, 10 percent of the country’s 69.6 million mobile subscriptions in total is represented in the latest figure. As shown by data compiled by the Ministry of Science and ICT, the country had 7.37 million 5G users as of June – up 493,101 from the previous month.

The government said in a statement, “Local operators had already deployed over 115,000 5G base stations across the country.”

South Korea has the highest number of broadband users today.

SK Telecom, KT, and LG U+ are Korea’s three main telecommunication companies with the first having the most 5G subscribers at 3.35 million, followed by KT Corp. at 2.24 million and LG U+ at 1.78 million.

The world’s first commercial 5G network rolled out in the country on April 3, 2019.

The three operators vowed last month to invest up to 25.7 trillion won to speed up improvements to 5G services and install a nationwide network by 2022.

Despite the Covid-19 pandemic delaying telecom investment plans for the year, the steady growth in 5G users comes as the country pushes for the network’s wider deployment.

Although 5G is being implemented efficiently with these advanced services resulting in additional users, the 4G network has 55 million subscriptions and represents roughly 80 per cent of total mobile accounts.

Continue Reading

Feature Articles

Videotron suspends international calls charges after Beirut explosion

Ranine Awwad

Published

on

Videotron suspends international calls charges after Beirut explosion

Lebanese citizens living in Canada will not have to worry about long-distance call charges. On August 6, 2020, Videotron, a Canadian communications company announced in a press release that it has suspended charges for calls from Canada to Lebanon until August 23, 2020. This move came to allow Videotron customers to reach out to their friends and family after the Beirut port explosion.

Videotron states that a long-distance call in Canada is free and unlimited. However, the company has several international calling plans. For calls to the Middle East including Lebanon, a Canadian Customer will pay $1.64/ minute for calls to a mobile phone, and $1.62/ minute for a call to a landline, according to Videotron website. On the other hand, the overseas long-distance calls scheme costs $5 per month. Under this option, a customer can make up to 10 minutes of calls to the Middle East.

Customers do not need to contact the company to make a free call to Lebanon. Videotron international charges to Lebanon are automatically canceled for all residential, business, and mobile accounts.

In 2019, Videotron’s total revenue was over 3.47 billion Canadian dollars. The company has already provided free services for its customers amid the Covid-19 pandemic. In fact, data caps on Videotron residential and business plans were suspended between March 13 until June 30, 2020. Furthermore Videotron suspended charges for the Daily Traveler Pass and canceled roaming charges for travelers outside Canada to help its customers until they were able to return home, according to the company’s website.

Canada has been home to many Lebanese people who decided to immigrate to secure jobs, healthcare, and a future for their children. Many Lebanese students are living in Canada to pursue their university studies. Videotron’s decision is crucial for Lebanese Canadians who are worried about their relatives after the Beirut blast that happened on August 4, 2020.

Continue Reading

Trending