Increasing dependence on cloud computing estimates boost for Global OpenStack Service Market with 29% CAGR between 2017 and 2023 :

Pune, India, October, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on OpenStack Service Market Research Report.

OpenStack is defined as a collection of open source software modules that are helpful in providing a framework for managing and creating cloud infrastructure. Market Research Future (MRFR) has published a research report about the global OpenStack service market that estimates enormous boost for this market with 29% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2023. In terms of cash, the market is expected to be worth the US $ 8 bn by the end of the forecast period.

The factors contributing to the growth of global OpenStack service market include easy deployment, free availability of OpenStack platform, increase in demand for cloud-based solutions & services, and a wide adoption among small-and-medium enterprises (SMEs). Other important advantages offered by OpenStack that augment its market include cost savings, customization, innovation, and value-added services, in the product line. However, the complexity in deployment and lack of technical assistance can restrain the market growth.

The global OpenStack service market has been segmented on the basis of the component, deployment, organization size, vertical and region. The component-based segmentation of this market covers services and solution. The services have been sub-segmented into consulting services, installation & integration services, and support & maintenance services. On the basis of deployment, the market has been segmented into private cloud, public cloud, and hybrid cloud. Based on organization size, the market has been segmented into SME and large enterprises. The vertical segment has been further segmented into Banking, Financial Services and Insurance (BFSI), government, Information Technology (IT) & Telecommunication, manufacturing, retail, and others.

The regional segmentation of the global OpenStack service market segments the markets into continent-based regional markets namely North America, Europe, Asia Pacific and rest of the world (RoW). North America has been estimated to hold the major market share during the forecast period. The growth of North American market includes factors like the presence of major players in the region and advancements in cloud technology, technological advancement, and advanced IT infrastructure necessary for cloud computing. The most important country-specific markets in this region are the United States of America (USA), Canada, and Mexico.

During the forecast period, Europe is expected to witness significant market growth. Factors aiding the growth include the adoption of Bring Your Device (BYOD) policy among organizations, established infrastructure for quality cloud services, rising demand for big data analytics, and usage of private cloud among enterprises. In this region, the significant country-specific markets are France, Germany, and the United Kingdom (UK).

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The report predicts decent growth for Asia Pacific region as technological advancement and good internet facilities are limited to few countries in this region. The increase in usage of cloud services especially in Japan is on the rise. Other primary country-specific markets in this region are China and India, followed by the rest of the Asia Pacific region. RoW focuses primarily on Latin America and Middle East & Africa (MEA). In Latin America, the market is limited due to limited technological advancement. In the MEA region, the market is small and limited. Reasons for the limited market growth in this region are lack of awareness, lack of education, lack of technological development, and political instability.

Key Players

The key players in the global OpenStack service market include Bright Computing (the Netherlands), Canonical (UK), Cisco Systems (USA), Dell Inc. (USA), EasyStack (China), Hewlett Packard Enterprise (USA), Huawei (China), IBM Corporation (USA), Mirantis (USA), Oracle Corporation (USA), Platform9 Systems (USA), Rackspace (USA), Red Hat (USA), SUSE (Germany), and VMware (USA).

Some of the key innovators in this market include AQORN (USA), Aptira (Australia), CDI LLC (USA), The Cloudscaling Group, Inc., (USA), Cyxtera Data Centers, Inc.(USA), Pactera Technology International Ltd. (China), Puppet (USA), and Techblue Software Private Limited (India).

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