Operations Support Systems Market to Hit $30 Billion This Year.

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The global market for operations support systems (OSS) will exceed $30 billion this year, although capital spending on new systems will grow at a slower rate than IT investment in the general economy, according to a new report by Insight Research.

The market research study concludes that this year European cable TV operators, wireless providers and telephone companies will spend more than their North American counterparts on the new computing systems needed to supply telecommunications services and that by 2010 OSS investment in both Europe and Asia will exceed North American spending.

OSS is the computing and software IT infrastructure that performs engineering, provisioning and management functions in telecommunications networks.

According to "Operations Support Systems 2005-2010," telecommunications network operators worldwide are expected to increase their investment in OSSes at a compounded rate of nearly four percent over the next five years, while North American investment in the computing and software systems used to acquire, serve and bill customers will not top 2.7 percent over the same period.