By 2022, the cloud OSS BSS market will be worth $21.77 billion US dollars, according to a new market research report published by MarketsandMarkets.

According to MarketsandMarkets, “the demand for Cloud OSS BSS is driven by factors, such as adoption of customized Cloud OSS BSS solutions and services, rising usage of convergent billing systems, the shifting focus of Communication Service Providers (CSPs) on enhancing customer experiences, and lower operational expenses. With the increase in the adoption rate of cloud computing among CSPs, the Cloud OSS BSS Market is expected to gain a major traction during the forecast period.”

The report, “Cloud OSS BSS Market by Type (Solution and Service), Solution (OSS and BSS), Service (Professional and Managed Services), Deployment (Public, Private, and Hybrid), End-User Type (SMES and Large Enterprises), and Region – Global Forecast to 2022”, published by MarketsandMarkets™, the market is expected to grow from USD 11.67 Billion in 2017 to USD 21.77 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.3% during the forecast period.

The report is available here: http://www.marketsandmarkets.com/Market-Reports/cloud-oss-bss-market-31137795.html