The advent of new technologies like IoT and 5G are putting intense pressure on the B/OSS systems employed by telcos. Everyone wants their services to be run smoothly, which is the primary reason why OSS BSS solutions have become vitally important. According to a statistic, the OSS/BSS market is expected to be worth $71 billion by 2020. This is quite a large sum in terms of money and also includes investments by non-telecom based companies.
It’s no secret that telecom industry is going through a major transformation. With traditional telecom services no longer driving revenues, there is an urgency to bring new services to the market quickly. To fulfill this requirement, cutting-edge OSS BSS solutions are required and they are needed ASAP.
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A study by ‘Stratistics MRC’, a leading global survey company, reveals that global telecom billing market is expected to grow from $8.98 billion in 2017 to $20.99 billion by 2026. This stat shows a compound annual growth rate of nearly 10%, which indicates quite a prominent rise in the importance of telecom billing management system. The projected growth in the field of billing clearly shows that most companies realize its potential as the difference maker and consider it to be the tool that breaks the tie between competitors.
Evolution of technology has touched each and every aspect of our lives. There are some changes we experience, like evolution of social platforms such as Facebook and there are some changes that we don’t, like evolution of telecom postpaid billing system.
After passing through many levels of abstraction, the telecom services are delivered to our doorsteps and we simply don’t bother about their complexity. Worried, that something could go wrong! Don’t be, the telecom billing systems of today are innovative, robust and most important of all, they are reliable. Want to know what makes them work so well, read on.