Revenue associated with next-generation network B/OSS support of IoT will reach $13.3 billion by 2021, according to a new report from OrbisResearch.com.
The report shows that North America is expected to outpace the Asia-Pacific region in terms of revenue with $24.1 billion and $20.3 billion, respectively, by 2021.
Communication service providers (CSP) are adopting next generation B/OSS systems for many reasons including integration with new IP-based frameworks, emerging networks, applications, business models, and data.
Faced with unprecedented change, CSPs must deal with new business frameworks associated with the cloud, unstructured big data, and IoT networks and data.
CSPs must consider optimization of B/OSS with respect to these emerging areas as well as supporting infrastructure and tools including software defined networks (SDN), network function virtualization (NFV), Carrier Ethernet 2.0 (CE 2.0), Life Cycle Orchestration (LSO), and the emerging MEF-defined “Third Network”.
Additional areas covered in this report include distributed Cloud systems (like Fog Computing), IoT networks (including LPWAN), Mobile Edge Computing (MEC), Big Data and Analytics.