Global OpenStack Services Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global OpenStack services market in its upcoming report titled, “Global OpenStack Services Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global OpenStack services market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global OpenStack services market report has been segmented on the basis of platform, organization size, application, and region.

OpenStack is a combination of software tools used for building and managing cloud computing platforms mainly for public and private cloud infrastructures. OpenStack is an open source software, and is deployed as infrastructure-as-a-service (IaaS). OpenStack software platform consists of various components that control multi-vendor hardware pools of processing, storage, and networking resources throughout the data centre.

Increasing adoption and use of cloud platforms across the globe is a key factor driving growth of the global OpenStack services market. In addition, OpenStack software service is relatively fast and easy to deploy, and owing to its open source nature users can access the source code and make any changes or modifications, according to their needs. These are some other factors expected to boost growth of the global OpenStack services market over the forecast period.

However, concerns related to data security is a major factor restraining growth of the global OpenStack services market. Additionally, high costs associated with deployment of OpenStack and scalability issue due to increasing data are other factors expected to hamper growth of the global OpenStack services market over the forecast period.

Several trends in the global market include increasing adoption of internet enabled devices, bring your own device (BYOD), and big data analytics are also expected to boost growth of the global OpenStack services market over the forecast period.

The market in North America accounted for highest share in terms of revenue as compared to that of markets in other regions and is expected to maintain its dominance over the next ten years. This dominance can be attributed to high adoption rate of cloud based technology, and business intelligence tools by organizations in the region. The market in Asia Pacific is projected to register highest growth rate over the forecast period, owing to growing awareness about benefits of cloud services in emerging economies such as China and India.

Global OpenStack services market segmentation:

By Platform:

• Public Cloud
• Private Cloud

By Organization Type:

• Large Enterprises
• Small & Medium Enterprises (SMEs)

By Application:

• Telecommunication
• Banking, Financial services and Insurance (BFSI)
• Information Technology
• Retail
• Others (media & entertainment, manufacturing, and academic & research)

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa