According to HTF Market Intelligence, the Global OpenStack Service Market market to witness a CAGR of 24.80% during forecast period of 2023-2028. Global OpenStack Service Market Breakdown by Application (Large Enterprises, Small & Medium Enterprises (SMEs)) by Type (Public Cloud, Private Cloud) by Industry Verticals (Government & Defense, IT, Telecommunication, Academic & Research, BFSI, Retail & E-Commerce, Manufacturing, Others) by Component (Solution, Service) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The OpenStack Service Market market size is estimated to increase by USD 10.16 Billion at a CAGR of 24.8% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 2.79 Billion.
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OpenStack is an open-source software platform for building and managing private and public clouds. It provides a range of services and tools to help organizations create and manage cloud computing infrastructure. OpenStack Services Market refers to the market for services related to OpenStack, including consulting, implementation, integration, support, and maintenance services.
OpenStack Service Market market – Key Segment Analysis
The market share growth by the Small & Medium Enterprises (SMEs) segment will be significant during the forecast period. The segment is driven by the High Demand due to Easy and Fasy Deployment, High Adoption Rate of Cloud Platform and No Compulsion of Vendor Lock-In.
OpenStack Service Market market – Competition Analysis
The global OpenStack Service Market market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are Cisco Systems (United States), , Oracle (United States), , Dell EMC (United States), , IBM (United States), , Canonical (United Kingdom), , Huawei (China), , SUSE (Germany), , VMware (United States), , HPE (United States), , Red Hat (United States).
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OpenStack Service Market
Market Drivers
- High Demand due to Easy and Fasy Deployment, High Adoption Rate of Cloud Platform and No Compulsion of Vendor Lock-In
Market Trend
- Increasing Adoption of Smart Devices, Growing Demand for Big Data Analytics and Advantage of Wide Community Support
Market Opportunities
- Anticipated Increase in the Number of OpenStack Service Providers and The Growing demand from the Telecom Sector
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What key data is demonstrated in this OpenStack Service Market market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the OpenStack Service Market market between 2023 and 2028
- Precise estimation of the size of the OpenStack Service Market market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle Eastand Africa; further broken down by major country within region.
- Thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of OpenStack Service Market market players
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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