Global Openstack Service Market Rising Exponentially at 28.65% in the Forecast Period of 2020 to 2027

Openstack Service Market is expected to rise at annual rate of 28.65% in the forecast period of 2020 to 2027 and is anticipated to reach USD 21.91 billion by 2027, due to accelerating prerequisite of wide community support along with development of telecom sector which are driving the market growth.

Increasing number of service providers along with implementation of telecom vertical will cater various new opportunities for the market to grow in the above mentioned forecast period.

OpenStack Service Market Scenario

According to Data Bridge Market Research the market for openstack service is accelerating owing to expanding acceptance of fast and easy deployment tool along with occurrence of numerous benefits such as cost saving, value added service, product modernization and customization. Some of the factors will act as restraints and may hinder the market growth such as, rising number of issues linked to security along with high operation cost.

Now the question is which are the other regions that openstack service market is targeting? Data Bridge Market Research has forecasted a large growth in the Asia-Pacific in the forecast period of 2020-2027 due to adoption of openstack services along with rising investment for the research and development of digital transformation. On the contrary, Europe is seen to dominate the market due to the rising demand of open source software along with occurrence of data security. 

For more analysis on the openstack service market request for a briefing with our analysts

OpenStack Service Market Development

  • In March 2020, Rackspace had launched OpenStack Train v20, one of the latest open-source software as part the OpenStack Ansible project. This release will allow the costumers to install or upgrade the Rackspace Private Cloud motorized by OpenStack portfolio to a public supported version of OpenStack and also this release concentrate on bug fixes, backporting, and vulnerabilities.

OpenStack Service Market Scope

Openstack service market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of openstack service market is further analyzed based on maximum granularity into further segmentation. OpenStack service market on the basis of component has been segmented as solution, and service. Based on organisation size, openstack service market has been segmented into large enterprises, and small & medium enterprises (SMES). On the basis of deployment, openstack service market has been segmented into public cloud, and private cloud. OpenStack service market has also been segmented on the basis of vertical into banking financial services & insurance (BFSI), retail & e-commerce, academic & research, telecommunication, IT, government & defense, manufacturing, and others.
  • Openstack is an open source cloud platform which helps to control a large amount of storage and networking resources in datacenter, which is administered by a control panel that gives administrators control while allocating their users to distribute resources through a web interface. 

To know more about the study,

Key Pointers Covered in the OpenStack Service Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • Red Hat, Inc
  • Canonical Ltd
  • Mirantis, Inc
  • Cisco Systems, Inc
  • Hewlett Packard Enterprise Development LP
  • SUSE
  • IBM Corporation
  • VMware, Inc
  • Huawei Technologies Co., Ltd
  • Dell Inc
  • Oracle
  • Bright Computing, Inc
  • EasyStack Inc
  • Platform9
  • Puppet
  • Aptira
  • Techblue Software Private Ltd
  • Cyxtera Technologies, Inc

Above are the key players covered in the report, to know about more and exhaustive list of openstack service companies’ contact us

Research Methodology of OpenStack Service Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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