How cloud BSS helps telecom operators save costs
Operators are already seeing the benefits of digitization and BSS transformation. According to a report by Markets & Markets, the global OSS/BSS market is expected to reach USD 36.6 billion by 2027 at a CAGR of 12.8% 1 . Many telecom operators are taking the approach of Software as a Service (SaaS) models to pace out their investments as they modernize their infrastructure. An Analysis Mason report estimates that SaaS spending will likely rise by 11% by 2023 2 as CSPs continue to undertake digital transformation. However, a TM Forum report states that less than 5% 3 have deployed their operations software in the public cloud. Here’s why this should change. Telecommunications service providers today operate under pressure as their long-established value pools are gradually eroding, with growing competition and ever-increasing customer demands for more modern services. To thrive in spite of these economic and competitive challenges, they need to revolutionize their ...