According to IMARC Group’s latest report, titled “OpenStack Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global openstack service market exhibited strong growth during 2015-2020. OpenStack service refers to collecting open-source software modules that create and manage heterogeneous storage and network resources within an IT organization. It includes computing services, like object and block storage, networking, and shared file systems. OpenStack service aids in the automation of cloud maintenance and provides a remote view of other cloud storage devices. It also enables users to access, modify, and share the source code freely.
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The global OpenStack service market is primarily driven by their growing adoption of cloud-based services across various organizations. These services provide a framework for organizing and managing cloud-based infrastructure, web hosting, and SaaS (software-as-a-service) delivery. Furthermore, OpenStack services offer various advantages, such as cost savings, customization, value-added services, and innovation in the product line, which are positively influencing the market growth. Besides this, the market is increasingly gaining traction due to the free availability of the platforms, ease of setup, and widespread adoption of big data analytics across small and medium-sized businesses (SMEs). Moreover, technological advancements have increased the capacities for heterogeneous enterprises by providing better speed and developer experience. These factors are expected to provide a positive outlook to the market in the upcoming years. Looking forward, IMARC Group expects the market to grow at a CAGR of 27.4% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Computing Inc.
- Cisco Systems Inc.
- Dell EMC
- Hewlett Packard Enterprise
- Mirantis Inc.
- Oracle Corporation
- Rackspace Inc.
- Red Hat Inc.
- VMware Inc.
Breakup by Componenet:
Breakup by Organization Size:
- Large Enterprises
- Medium Enterprises
- Small Enterprises
Breakup by Platform:
- Public Cloud
- Private Cloud
Breakup by Application:
- Government and Defense
- Information Technology
- Academic and Research
- Retail and E-Commerce
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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