OpenStack Service Market 2019 – 2023: Business Trends, Emerging Technologies, Global Segments, Regional Study and Industry Profit Growth
Oct 14, 2019
Global open stack service market is estimated to reach USD 8 billion at CAGR 29% through the forecast period 2023 and Openstack Service Market Research Report– By Component (Solution, Service), Deployment (Public Cloud, Private Cloud), Organization Size (SME, Large Enterprise).
Pune, India - October 14, 2019 /MarketersMedia/ —
Openstack Service Market Highlights:
OpenStack is defined as a collection of open source software modules that are helpful in providing a framework for managing and creating cloud infrastructure. Market Research Future (MRFR) has published a research report about the global OpenStack service market that estimates enormous boost for this market with 29% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2023. In terms of cash, the market is expected to be worth the US $ 8 bn by the end of the forecast period.
The factors contributing to the growth of global OpenStack service market include easy deployment, free availability of OpenStack platform, increase in demand for cloud-based solutions & services, and a wide adoption among small-and-medium enterprises (SMEs). Other important advantages offered by OpenStack that augment its market include cost savings, customization, innovation, and value-added services, in the product line. However, the complexity in deployment and lack of technical assistance can restrain the market growth.
The global OpenStack service market has been segmented on the basis of the component, deployment, organization size, vertical and region. The component-based segmentation of this market covers services and solution. The services have been sub-segmented into consulting services, installation & integration services, and support & maintenance services. On the basis of deployment, the market has been segmented into private cloud, public cloud, and hybrid cloud. Based on organization size, the market has been segmented into SME and large enterprises. The vertical segment has been further segmented into Banking, Financial Services and Insurance (BFSI), government, Information Technology (IT) & Telecommunication, manufacturing, retail, and others.
The regional segmentation of the global OpenStack Service Market segments the markets into continent-based regional markets namely North America, Europe, Asia Pacific and rest of the world (RoW). North America has been estimated to hold the major market share during the forecast period. The growth of North American market includes factors like the presence of major players in the region and advancements in cloud technology, technological advancement, and advanced IT infrastructure necessary for cloud computing. The most important country-specific markets in this region are the United States of America (USA), Canada, and Mexico.
During the forecast period, Europe is expected to witness significant market growth. Factors aiding the growth include the adoption of Bring Your Device (BYOD) policy among organizations, established infrastructure for quality cloud services, rising demand for big data analytics, and usage of private cloud among enterprises. In this region, the significant country-specific markets are France, Germany, and the United Kingdom (UK).
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Competitive Landscape:
Platform9 Systems (U.S.), Hewlett Packard Enterprise (U.S.), Dell Inc. (U.S.), Oracle Corporation (U.S.), VMware (U.S.), Huawei (China), Bright Computing (the Netherlands), Rackspace (U.S.), SUSE (Germany), IBM Corporation (U.S.), Cisco Systems (U.S.), EasyStack (China), Mirantis (U.S.), Red Hat (U.S.), and Canonical (U.K) are the key players in the OpenStack service market.
Pactera Technology International Ltd. (China), Aptira (Australia), Cyxtera Data Centers, Inc.(U.S.), AQORN (U.S.), Puppet (U.S.), CDI LLC (U.S.), Techblue Software Private Limited (India), The Cloudscaling Group, Inc., (U.S.), and others are among the market players who are actively involved in innovation.
Segmentation:
The global open stack service market has been segmented based on component, organization size, and vertical.
• By component, the OpenStack service market has been segmented into solution and services. The services segment can be further segmented into consulting services, installation & integration services, and support & maintenance services.
• By deployment, the OpenStack service market has been segmented into the public cloud, private cloud, and hybrid.
• By organization size, the OpenStack service market has been segmented into SME and large enterprises.
Regional Analysis
Region-wise, the OpenStack service market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
North America has captured the foremost share of the global OpenStack service market and is likely to retain its dominance throughout the forecast period. North America region houses some of the leading names in the market which provides the region with additional advantage over other regions. Numerous large enterprises present in the region combined with mass-scale adoption of cloud computing have boosted the demand for OpenStack service. Other factors which substantiate the growth of the market include the adoption of
BYOD (Bring Your Device) policy among enterprises, advanced technological competencies, and the presence of a robust IT infrastructure which aids in easy integration of OpenStack services.
The APAC OpenStack service market is anticipated to exhibit considerable growth over the forecast period. Ongoing digital transformation in the region has resulted in concrete investments being made in OpenStack services by enterprises to gain business advantage, which can drive the market over the forecast period.
Industry Updates:
July 2019 - Sardina Systems, provider of automated and virtualized systems management technology, announced a partnership with MEGWARE, the German trusted leader for High-Performance Computing (HPC). Sardina's FishOS OpenStack cloud would provide MEGAWARE's users with all various automation tools.
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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
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued…
List of Tables
Table 1 Global Openstack Service Market: By Region, 2017-2023
Table 2 North America Openstack Service Market: By Country, 2017-2023
Table 3 Europe Openstack Service Market: By Country, 2017-2023
Continued…
List of Figures
Figure 1 Global Openstack Service Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis of Global Openstack Service Market
Continued…
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 524/528,, Amanora Chambers Magarpatta Road, Hadapsar Pune - 411028
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/openstack-service-market-5778
Source: MarketersMedia
Release ID: 88927824
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