According to IMARC Group’s latest report, titled “OpenStack Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global openstack service market size reached US$ 4.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 20.3 Billion by 2027, exhibiting a growth rate (CAGR) of 27.4% during 2022-2027.
OpenStack service refers to collecting open-source software modules that create and manage heterogeneous storage and network resources within an IT organization. It includes computing services, like object and block storage, networking, and shared file systems. OpenStack service aids in the automation of cloud maintenance and provides a remote view of other cloud storage devices. It also enables users to access, modify, and share the source code freely.
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OpenStack Service Market Trends:
The global OpenStack service market is primarily driven by their growing adoption of cloud-based services across various organizations. These services provide a framework for organizing and managing cloud-based infrastructure, web hosting, and SaaS (software-as-a-service) delivery. Furthermore, OpenStack services offer various advantages, such as cost savings, customization, value-added services, and innovation in the product line, which are positively influencing the market growth. Besides this, the market is increasingly gaining traction due to the free availability of the platforms, ease of setup, and widespread adoption of big data analytics across small and medium-sized businesses (SMEs). Moreover, technological advancements have increased the capacities for heterogeneous enterprises by providing better speed and developer experience. These factors are expected to provide a positive outlook to the market in the upcoming years.
Competitive Landscape with Key Players:
The report has also analysed the competitive landscape of the market with some of the key players.
- Computing Inc.
- Cisco Systems Inc.
- Dell EMC
- Hewlett Packard Enterprise
- Mirantis Inc.
- Oracle Corporation
- Rackspace Inc.
- Red Hat Inc.
- VMware Inc.
Key Market Segmentation:
The report has categorized the market based on component type, organization size, platform and application.
Breakup by Component:
Analysed by Organization Size:
- Large Enterprises
- Medium Enterprises
- Small Enterprises
Breakup by Platform:
- Public Cloud
- Private Cloud
Based on Application:
- Government and Defense
- Information Technology
- Academic and Research
- Retail and E-Commerce
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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