The Open Stack Service Market is emerging at a faster pace, and the market value is assumed to reach around USD 8 billion by the end of 2023, with a CAGR of 29% during the forecast period from 2020-2027.
Open Stack is defined as an open-source software modules collection that aids in offering a solution for creating and managing the cloud infrastructure. It is the further stage of visualization that helps to organize and handle the humongous amount of heterogeneous network and storage resources in an IT company. Organizations adopt and implement OpenStack for managing the cloud-based infrastructure, SaaS delivery, web hosting, etc. Thus, all these benefits elevate the demand of the Open Stack service industry.
Several organizations are incorporating Open Stack into their cloud-based services to enjoy all its benefits, such as customization, cost savings, product line innovations, and value-added services. It aids in cloud maintenance automation and advantage organizations by offering the remote vision of storage devices present in the cloud. Around 70% of enterprises believe that OpenStack is crucial to their cloud strategy as its benefits in developing key performance indicators or KPIs. With the rising demand for cloud-based solutions, the OpenStack service market share is also elevating. The free availability, wide adoption, and easy deployment are pushing the market to greater heights.
The report depicts the overall growth of the Open Stack service market. It includes the different market segments and also sheds light on the regional analysis. The industry-related news is also mentioned in the report. It is expected that the mobile mapping market will have higher growth in the forecast period due to the ever-growing demands.
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Players leading the global OpenStack service market include Huawei (China), Canonical (UK), Cisco Systems (US), VMware (US), SUSE (Germany), Hewlett Packard Enterprise (US), Dell Inc. (US), Oracle Corporation (US), IBM Corporation (US), Rackspace (US), Red Hat (US), Mirantis (US), EasyStack (China), Platform9 Systems (US), Pactera Technology International Ltd. (China), Puppet (US), The Cloudscaling Group, Inc., (US), CDI LLC (US), Aptira (Australia), Techblue Software Private Limited (India), AQORN (US), Cyxtera Data Centers, Inc.(US), and Bright Computing (the Netherlands), among others.
The OpenStack service market is bifurcated into organization size, deployment, component, and vertical.
Based on organization size, the global Open Stack service market is categorized into large-scale enterprises and Small-medium enterprises.
By deployment, the market is classified into private cloud, public cloud, and hybrid.
Based on components, the market is further divided into services and solutions. The service segment contains installation and integration services, support and maintenance services, and consulting services.
Based on Verticals, the market includes sectors like IT and Telecommunication. BFSI, retail, manufacturing, government, and many more.
The market is studied on various geographies such as North America, Asia Pacific, Europe, and the remaining parts of the world. North America has the major Open Stack service market share and is expected to dominate the market share during the forecast period. The key market players’ presence in the region and continuous advancements in cloud technology drives the market growth.
Europe will have a significant growth in the forecast years due to the usage of the private cloud and rapid adoption of BYOD or bring your own device policy. Big data analytics will also fuel the market growth in this region. In Asia-Pacific, the increasing usage of cloud services will boost the expansion of market size in the forecast period.
In 2021, various companies opted for Open Stack deployments in the pandemic, and Open Stack has become the backbone of several telco companies. Thus, giving new momentum to the Open Stack.
Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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List of Tables
Table 1 Global Openstack Service Market: By Region, 2020-2027
Table 2 North America Openstack Service Market: By Country, 2020-2027
Table 3 Europe Openstack Service Market: By Country, 2020-2027
List of Figures
FIGURE 1 Global Openstack Service Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Openstack Service Market
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