BSS solutions must leverage next-generation computing, network, and storage technologies to meet strict 5G performance requirements, says Frost & Sullivan

SANTA CLARA, California » Sept. 23, 2020 » Growth Opportunities in the Next-Generation Wireless BSS Market » communication service providers

, /PRNewswire/ — Frost & Sullivan’s recent analysis, , reveals that business support systems (BSS) are necessary to provide the fast-changing requirements in 5G and enhance customer experiences. They also help (CSPs) deliver personalized service experiences for consumers and businesses. The research profiles three leading BSS providers and their solutions. Vendors have introduced advanced BSS features, including the ability to support flexible deployments (core and edge) and options for network slice lifecycle management, which are critical in helping CSPs deliver on multi-partner business models. However, due to COVID-19, the global BSS market is estimated to experience a slowdown in the short term, whereas the long-term outlook remains positive.

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, Senior Industry Director, Information & Communication Technologies at Frost & Sullivan

“It is evident that BSS can significantly drive efforts to help organizations address key concerns such as introducing digital services and enabling customers to personalize their service experience,” said . “However, businesses from across many other industry verticals are still relatively early in their digitization efforts and are facing issues similar to those of CSPs in the early days of their digital transformation efforts.”

drive the majority of their revenue » communications, financial services, healthcare, and media and entertainment companies, » government entities

Gandhi added: “Given the evolving situation, it is more critical than ever for wireless networks to function reliably and support the connectivity requirements across the board. BSS vendors are supporting existing 4G (and earlier generations) network services that currently . Going forward, while the wireless industry remains a priority for BSS vendors, they are also able to align BSS solutions to meet the needs of as well as.”

Frost & Sullivan firmly believes that BSS vendors can partner with CSPs to create immense growth prospects, including:

Growth Opportunities in the Next-Generation Wireless BSS Market, 2020 » Information & Communication Technologies

is the latest addition to Frost & Sullivan’s research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

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Growth Opportunities in the Next-Generation Wireless BSS Market, 2020

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