Open Stack Services Market

Analysis of Open Stack Services Market
- Global Industry Insights, Trends,
Outlook, 2017-2025
North America region held a dominant industry position and is estimated to retain its
dominance over the forecast period, owing to increasing adoption of advanced
technologies, such as cloud computing, Big Data, Internet of Technology (IoT) and
business intelligence tools by the organizations, which in turn is reducing the business
cost and increasing the productivity and profitability. According to the Coherent Market
Insights, the cloud application market in the U.S. accounted for US$ 19.93 billion in
2017, which in turn expanded the U.S. economy by 2.3%, which is higher than 1.5% in
2016.
Open source platform is the major driving factor for growth of the global open
stack services market
According to a recent market survey by Coherent Market Insights, more than 78 percent
of enterprises operate on open source and less than 3 percent indicate that they don't
rely on open software. Significant paradigm shift towards open-source software, owing
to the requirement to gain competitive edge and enhance their operational productivity
is expected to drive market growth. Some of the major technology players that include
Amazon, Google, IBM, Facebook, Walmart, and The Linux Foundation have made
substantial strategic developments towards these platforms. For instance, in February
2018, The Linux Foundation introduced Akraino Project, that aids carrier availability and
performance requirements in cloud services.
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Open source software doesn’t include additional charges and fees associated with
proprietary software, such as administration fees, multi-user fees, and software upgrade
costs, which reduces the business operating cost and budget. It also enables to allocate
more money on beneficial enterprise services associated with open source services
such as user training, support, and custom development.
Open source services (OSS) help the business in terms of financial saving, reducing
operating costs, andenables the business to allocate their finance on the secondary
activities that includes user training, support and custom development.
Demand for open source is increasing, as it is a proven essential tool for enterprise IT
revolution, operational effectiveness, and business value formation.Increasing adoption
of open sources among IT enterprises to improve key business functions, especially
financial management and accounting is the major factor boosting growth of the market.
However, high initial cost of implementation and lack of skilled workforce are the major
restraining factor for growth of the global open stack service market.
Key Companies in Global Open Stack Services Market
Technology-driven trends area expected revolutionize the industry players respond to
fluctuating consumer behaviour, improve partnerships, and drive transformational
variation. Digitization, increasing automation, and new business models have changed
the IT industries. Major players operating in the global open stack services market
include Canonical (U.K.), Cisco Systems Ltd. (U.S.), Dell EMC Corporation (U.S.),
Helion Open Stack Corporation (U.S.), Huawei Technologies Corporation Ltd (China),
IBM Cloud Manager (U.S.), Mirantis Open Stack (U.S.), Oracle Corporation (U.S.),
Rack-space (U.S.), Red Hat Open Stack(U.S.), SUSE (Germany), and Vmware
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