According to a recent study by Insight Research, worldwide spending on OSS--billing systems--in the wireless industry will top $13 billion for 2005. The study also concludes that an additional $1 billion will be spent on professional services to install the infrastructure. The money needs to be spent in order to make the leap to data-intensive 3G wireless networks. Advancement of OSS allows wireless service providers to obtain crucial information about their customers, including location information, mobile commerce, calling patterns and data applications usage. Insight Research predicts that wireless service revenue will grow from 46.3 percent of all telecom service revenue in 2005 to 55.6 percent in 2010.
For more on the growing OSS market:
- read this press release