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Next-Generation BSS Market to grow at a CAGR of +14% during Forecast Period

Press Release   •   Apr 16, 2018 16:45 EDT

A comprehensive analysis of the Global Next-Generation BSS Market is been done in this intelligence report. It includes the investigations done on the past progress, ongoing market scenarios, and future prospects. An accurate data of the products, strategies and market shares of leading companies in this particular market is mentioned. This report presents a 360-degree overview of the competitive scenario of the Global market. The report further projects the size and valuation of the global market in the coming forecast period. The report also presents a thorough qualitative and quantitative data affecting to the projected impact of these factors on market’s future growth prospects.

Top Key Vendors:

Amdocs, AT&T Inc., Cerillion, comptel, Cisco System, Elitecore Technologies, Formula Telecom Solutions, Hewlett-Packard Company, Huawei, Alcatel Lucent S.A..

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Growing preference to increase customer satisfaction and profit margins in telecom service providers are expected to drive the next-generation network BSS market. These services are becoming popular among service providers for the reason such as integration with new IP-based frameworks, the need to deal with customer service and retention, and emerging market. Next Generation Network (NGN) provides telecom service providers with tools that would increase customer loyalty and customer experience. Growing demand for more advanced technology for supporting services such as cloud and M2M is anticipated to be the growth driver over the forecast period. Increasing number of mobile subscribers is putting additional pressure on these systems; therefore the network needs to be more diversified, scalable, and agile.

Global Next-Generation BSS Market to grow at a CAGR of +11% during Forecast Period.

It explains a detailed outline of the Next-Generation BSS Market depending on the important parameters. End users, products, regions, and many other segments are studied and explained. A brief idea of the driving forces which help make the market more flourishing is discussed in order to help the client understand the future market position.

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According to the research report, the global market for Next-Generation BSS Market is witnessing a continual rise in its valuation with the advancement in technologies, which is impacting the consumer behavior and, accordingly, their purchasing patterns to a great extent. In addition to this, the rising penetration of internet and the surge in mobile surfing are anticipated to boost the demand for network management software across the world, states the research report.

On the basis of geographical regions, the Global Next-Generation BSS Market is segmented broadly into Latin America, Europe, the Middle East and Africa, and Asia Pacific. The global market is still in its exploratory stage in most of the regions but it holds the promising potential to flourish steadily in coming years. The major companies investing in this market are situated in Canada, U.K., and the US, India, China and some more countries of Asia Pacific region. Consequently, Asia Pacific, North America, and Western Europe are estimated to hold more than half of the market shares, collectively in coming years.

This statistical surveying research study presents an all-inclusive evaluation of the worldwide market for network management software, taking various industry parameters, such as the capacity of production, product pricing, demand, supply, and sales dynamics, returns on investments, and the growth rate of the overall market into consideration.

In the last sections of the report, the manufacturers responsible for increasing the sales in the Next-Generation BSS Market have been presented. These manufacturers have been analyzed in terms of their manufacturing base, basic information, and competitors. In addition, the technology and product type introduced by each of these manufacturers also form a key part of this section of the report.