Press Release / Technology / OpenStack Service Market is expected to reach USD 8 billion by Forecast to 2023

OpenStack Service Market is expected to reach USD 8 billion by Forecast to 2023

Market Highlights:
The global openstack service market is on the rise. The advancements in the field of virtualization and cloud computing capabilities are supporting the market growth. The need of hybrid IT environment in an organization and demand for low-cost migration solutions are fuelling the market growth.
 
The global OpenStack Service Market is segmented into the component, organization size, vertical and region.
 
Major Key Players:
Some of the key players in the field of global open stack service market are Canonical (U.K), Huawei (China), Cisco Systems (U.S.), SUSE (Germany), VMware (U.S.), Hewlett Packard Enterprise (U.S.), Oracle Corporation (U.S.), Dell Inc. (U.S.), IBM Corporation (U.S.), Red Hat (U.S.), Rackspace (U.S.), Mirantis (U.S.), Platform9 Systems (U.S.), EasyStack (China), Bright Computing (the Netherlands) and others. The key players are constantly innovating and investing in research and development activates to generate a cost-effective product portfolio. 
 
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Some of the key innovators are Puppet (U.S.), Pactera Technology International Ltd. (China), The Cloudscaling Group, Inc., (U.S.), Aptira (Australia), CDI LLC (U.S.), Techblue Software Private Limited (India), Cyxtera Data Centers, Inc.(U.S.), AQORN (U.S.),  and others.
 
The prominent players constantly keep innovating and investing in research and development to present a cost-effective portfolio. There have been recent mergers and acquisitions among the key players, where the business entities expect to strengthen their reach to their customer.
 
Regional Analysis:
On the basis of geography, the market is studied for North America, Europe, Asia Pacific and rest of the world. Among these regions, the market is majorly dominated by North America at present due to a higher concentration of key players like Redhat, IBM Corporation in countries like the United States and Canada. The major contribution is made by the United States, particularly among SME and large enterprises.
 
On the other hand, Europe is expected to show a high growth rate considering open stack service market. The increase in the use of cloud-based services and data security among the cloud leads to increase in usage of openstack services across the region. Asia Pacific region is expected to show a decent growth during the forecast period. There are various new entrants in Japan and China that are deploying open stack service in their organizations. Also, the organizations in Asia Pacific started deploying BYOD policy which is booming the growth of the market in Asia Pacific. The Middle East & Africa are expected to show smooth growth during the forecast period. The deployment of data centers in the region is increasing annually, which results in deployment of cloud computing and related applications resulting adoption of openstack services across the region.
 
Segmentation:
The global open stack service market is segmented into the component, organization size, vertical and region. Based on component, the segment is further classified into solution and services. The services are further classified into consulting services, installation & integration services and support & maintenance services.
 
Based on deployment, the segment is further classified into the public cloud, private cloud, and hybrid. Based on organization size, the segment is further classified into SME and large enterprises. The open stack as a service is being deployed in many verticals like BFSI, IT & Telecommunication, manufacturing, retail, government, and others.
 
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Intended Audience:

Network and System Integrators
OpenStack Software Providers
Marketing Analytics Executives
Cloud Architects
Cloud Operators or System Administrators
Research Organizations
Market Investors

 
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