Global OpenStack Service Market, By Component (Solution, Service), Organization Size (Large Enterprises, Small and Medium Enterprises (SMES)), Deployment (Public Cloud, Private Cloud), Vertical (Banking Financial Services and Insurance (BFSI), Retail and E-Commerce, Academic and Research, Telecommunication, IT, Government and Defense, Manufacturing, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights Global OpenStack Service Market
Data Bridge Market Research analyses that the openstack service market will exhibit a CAGR of 29.15% for the forecast period of 2022-2029 and is estimated to reach the USD 36.54 billion by 2029.
OpenStack is a set of open source software modules that work together to create a framework for managing and building cloud infrastructure. In general, openstack is the next stage of virtualization, allowing an IT company to organize and manage a pool of heterogeneous storage and network resources. OpenStack is used to handle cloud-based infrastructure, web hosting, and Software as a Service (SaaS) delivery, among other things.
The openstack service market is being driven by the rising demand for cloud-based and internet-enabled services. The upsurge in the adoption of fast and easy deployment tool is a major factor driving the market's growth. Furthermore, provision of wide community support and surging growth of telecom sector are driving up demand for openstack service market. Other significant factors such as growing urbanization and technological advancements will cushion the growth rate of openstack service market. Another vital factor includes the increasing prevalence of various benefits including cost saving, value added service and others will accelerate the growth of openstack service market.
Moreover, rising number of service providers and wide adoption among SME will boost the beneficial opportunities for the openstack service market growth. The free availability of openstack platform and easy deployment are expected to create new opportunities for the openstack service market in the future years.
However, high initial investments and the dearth of technical assistance will hinder the growth of the openstack service market. Also, the rising number of issues associated with security will further pose challenges to the market. Other factors including lack of awareness and high cost of deployment will act as market restrain and will further obstruct the growth rate of openstack service market.
This openstack service market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on openstack service market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global OpenStack Service Market Scope and Market Size
The openstack service market is segmented on the basis of component, deployment, organization size and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- OpenStack service market on the basis of component has been segmented as solution, and service. Service has been further segmented into professional service and managed service.
- Based on organization size, openstack service market has been segmented into large enterprises, and small and 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 and insurance (BFSI), retail and e-commerce, academic and research, telecommunication, IT, government and defense, manufacturing, and others. Others have been further segmented into consulting, real estate, web hosting, media and entertainment, and advertisement.
OpenStack Service Market Country Level Analysis
The openstack service market is analysed and market size, volume information is provided by country, component, deployment, organization size and vertical as referenced above.
The countries covered in the openstack service market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominate the openstack service market during the forecast period of 2022-2029 and will continue to flourish its trend of dominance during the forecast period due to the rising demand of open source software and increasing prevalence of data security in this region. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period due to the adoption of openstack services and surging level of investment for research and development of digital transformation in this region.
The country section of the openstack service market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global OpenStack Service Market Share Analysis
The openstack service market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to openstack service market.
Some of the major players operating in the openstack service market are Red Hat, Inc., Canonical Ltd., Mirantis, Inc., Cisco Systems, Inc., Hewlett Packard Enterprise Development LP, SUSE, IBM, VMware, Inc, RACKSPACE US, INC., Huawei Technologies Co., Ltd., Dell Inc., Oracle, Bright Computing, Inc., EasyStack Inc., Platform9, Puppet, Aptira, CDI LLC, Techblue Software Private Ltd., and Cyxtera Technologies, Inc., among others.