Openstack Service Market Research Depth Study With Opportunity Assessment For The Period Of 2020-2023

By Author: MnM
Total Articles: 86
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The OpenStack service market was valued at USD 1.35 Billion in 2016 and is projected to reach USD 5.66 Billion by 2022, at a CAGR of 28.3% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.

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The research methodology that has been used to estimate and forecast the size of the OpenStack service market begins with the acquisition of data related to revenues of key vendors through secondary research (annual reports, white papers, certified publications, databases), press releases, and investor presentations of vendors of OpenStack service services and solutions as well as articles from recognized industry associations, statistics bureaus, and government publishing sources. Vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the market from the revenues of the key market players. After arriving at the overall size of the market, the total market ...
... has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key individuals, such as chief executive officers, vice presidents, directors, and executives of leading companies operating in the market. Data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market.

Top Key Players

Some of the major OpenStack service vendors include Canonical (UK), Cisco Systems (US), Dell EMC (US), HPE (US), Huawei (China), IBM (US), Mirantis (US), Oracle (US), Rackspace (US), Red Hat (US), SUSE (Germany), and VMware (US).

Based on component, the service segment is expected to witness a higher growth rate during the forecast period

Based on component, the service segment of the OpenStack service market is expected to witness a higher growth rate than the solution segment from 2017 to 2022. The growth of the service segment is due to the growing need to simplify the maintenance, operation, and control of open source platforms. The high IT complexity of cloud has also supported the growth of services associated with the open source platform. The high cost of managing and monitoring enterprise-ready open source technologies is another factor driving the growth of the service segment.

Based on organization size, the small & medium enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period

Based on organization size, the SMEs segment of the OpenStack service market is estimated to witness a higher growth rate than the large enterprises segment during the forecast period. SMEs have budget constraints on investing in IT infrastructure equipment, whereas implementing OpenStack infrastructure-as-a-service could save the additional costs incurred in purchasing licenses and supporting hardware. The benefits associated with the implementation of OpenStack service are expected to drive the adoption of OpenStack solutions by SMEs in the near future.

Based on vertical, the telecommunication segment is expected to grow at the highest CAGR during the forecast period

Based on vertical, the telecommunication segment of the OpenStack service market is expected to witness the highest growth in the coming years. This segment has accelerated the adoption of Network Function Virtualization (NFV) using OpenStack, to increase network agility and mitigate installation and management costs.

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North America is estimated to lead the OpenStack service market in 2017

North America is estimated to account for the largest share of the OpenStack service market in 2017. The growth of the North America OpenStack service market is primarily driven by the high adoption rate of latest technologies, such as cloud computing, Big Data, IoT, and business intelligence tools, by organizations in this region. The presence of key market players, such as Cisco Systems (US), Dell EMC (US), HPE (US), IBM (US), Mirantis (US), Oracle (US), Rackspace (US), Red Hat (US), and VMware (US), has also contributed to the growth of the OpenStack service market in this region.

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