Market Scenario:
The global OpenStack service Market Research is constantly growing, mainly due to the increasing adoption of cloud technology for data storage and big data analytics. Besides, the rising cloud networking framework and the growing demand for organizing and managing heterogeneous storage and network resources in IT organizations are major Openstack service market trends.
In its recently published study report, Market Research Future (MRFR) asserts that the global OpenStack service market is projected to reach USD 8 BN by 2023, growing at 29% CAGR throughout the assessment period (2017-2023). Also, numerous advantages that Openstack services offer, such as cost savings, customization, value-added services, and innovation in the product line, positively impact the market demand.
Additionally, the augmenting demand for cloud-based solutions and services boosts the OpenStack service industry globally. The easy availability and deployment of OpenStack platforms in increasing numbers of SMEs boost the openstack service market share. The rapid improvements in IoT technologies and on-demand network providers push market growth.
On the flip side, the lack of technical assistance and deployment complexity are major factors impeding the market growth. Nevertheless, value-added reseller opportunities in products would support this market's growth throughout the estimated period. Also, the rising inclination of small and medium-sized business units towards cloud technology and advances in IoT technologies are forecasted to offer significant growth opportunities.
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Competitive Outlook:
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.
Segmentation:
The report is segmented into five dynamics;
By Component : Solution and Services (consulting services, installation & integration services, and support & maintenance services).
By Deployment : Public Cloud, Private Cloud, and Hybrid.
By Organization Size: SME and Large Enterprises.
By Vertical : BFSI, IT & Telecommunication, Manufacturing, Retail, Government, and others.
By Regions : Europe, Americas, Asia Pacific, and the Rest-of-the-World.
Regional Analysis:
North America dominates the global OpenStack service market. The largest market share attributes to the presence of several notable players and the early adoption of cloud-based services in the region, improving the OpenStack infrastructure that can re-structure business functions & strategies. Besides, raising usages of private cloud and the adoption of BYOD (Bring Your Device) policy among organizations drives the growth of the market.
Moreover, advancements in cloud technology and vast numbers of networks due to the digital revolution across the industries influence the OpenStack service market growth. The US and Canada, with their increasing OpenStack service applications, hold considerable shares in the regional market. The North American OpenStack service market is projected to retain its dominance throughout the estimated period.
Europe holds the second-largest market share in the global OpenStack service market. The region has seen an increased application in IT & telecommunication sector in the region, fostering the market growth. Additionally, the market growth is fostered by the increasing adoption of advanced OpenStack services across the industries.
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
Continued….
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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
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…
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