According to IMARC Group’s latest report, titled “OpenStack Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, The global openstack service market grew at a CAGR of around 25% during 2014-2019. OpenStack refers to an open-source platform that enables users to freely access, modify, and share the source code. It is a form of Infrastructure-as-a-service (IaaS) that facilitates communication and storage between the computer hardware and the cloud. OpenStack includes various computing services, consisting of object and block storages, networking and shared file systems, etc. These services are used for web hosting, conducting big data projects, delivering software-as-a-Service (SaaS), and effectively utilizing resources through a web interface.
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The rising adoption of cloud-based and internet-enabled services is driving the OpenStack service market. In recent times, OpenStack has emerged as a cost-efficient service that fortifies virtual computing infrastructure, thereby enabling the customized modification of hardware and software components. Moreover, the growing popularity of OpenStack services across diverse sectors for enhancing operational efficacy and financial management of the organizations is also propelling the market growth. Furthermore, several technological advancements in the OpenStack infrastructure have expanded the capacities for heterogeneous enterprises, thereby offering them better speed and enhanced developer experience. Looking forward, IMARC Group expects the market to continue its strong growth during the next five years.
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:
Cisco Systems Inc.
Hewlett Packard Enterprise
Red Hat Inc.
Breakup by Componenet:
Breakup by Organization Size:
Breakup by Platform:
Breakup by Application:
Government and Defense
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 (2014-2019)
Market Outlook (2020-2025)
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.
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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.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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