Openstack Services Market Size & Analysis - Forecasts To 2025 By Platform (Private Cloud, Public Cloud), By Application (Academic Research, Telecommunication, Information Technology, Others), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), End-Use Landscape, Vendor Landscape, Market Share & Competitive Landscape - Global Market Estimates
OpenStack Services Market Insights
The OpenStack services market is projected to grow at a high CAGR over the coming years. OpenStack enables computing, networking and storage on a single dashboard. Some of the other features available on OpenStack include backup & recovery, data analytics, security, management & deployment tools, monitoring, and metering among others.
OpenStack offers developer a very flexible dashboard that is self servicing. Developers can quickly run prototypes on pilot data sets, this helps reduce system management overheads. The increasing number of vendors supporting OpenStack is also expected to augment growth of the market. Rackspace was the company that developed OpenStack with NASA in 2010.
OpenStack Services Market: Platform Insights
The OpenStack services market is segmented on the basis of platform into private cloud and public cloud. The demand for private cloud is expected to occupy a large share by 2025. The increasing preference for OpenStack in running pilot projects, web hosting, and organizing test & development environments is anticipated to augment market growth over the coming years.
OpenStack Services Market: Application Insights
The OpenStack services market is segmented on the basis of application into academic research, telecommunication, information technology, and others. OpenStack has gained tremendous attention from companies such as Ericsson, PayPal, Yahoo, and Comcast among others.
The increasing number of companies adopting cloud-based computing technology is anticipated to boost market demand over the coming years. OpenStack services are expected to be extensively used in the telecommunication and IT industry. Increasing investment in academic research and the telecommunication industry is expected to positively influence market growth over the coming years. The emerging banking, financial services, and insurance sector are expected boost demand for OpenStack.
OpenStack Services Market: Regional Insights
The demand for OpenStack service is expected to grow at a high CAGR over the coming years on account of increasing adoption of cloud based networking and storage systems and upcoming industries. The European and North American region is projected to occupy a large share over the coming years. The faster rate of technological adoption in these regions is expected to positively influence market growth.
OpenStack Services Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
OpenStack Services Market: End-Use Landscape
The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic and inorganic growth strategies among others. Some of the companies who are likely to use OpenStack services include NASA, Saudi Telecom, and Juniper Networks.
OpenStack Services Market Share & Competitor Analysis
Some of the prominent companies engaged in the OpenStack service market include Cisco Systems, Inc., Dell Inc., Mirantis Inc., IBM, Hewlett Packard Enterprise Company, Red Hat, Inc., Rackspace Inc., The Cloudscaling Group, Inc., Piston Cloud Computing Co., Canonical, SUSE, Nebula, VMware, Metacloud and SAP SE.
Please note: This is not an exhaustive list of companies profiled in the report.
In December 2017, Intel and Hyper partnered with OpenStack Foundation on the Kata Containers projects. In November 2017, Red Hat launched version 12 of the Red Hat OpenStack Platform. Strategic initiatives such as mergers & acquisitions and new product development are anticipated to augment sustainability in the market.
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The global Openstack Services Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Openstack Services Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies, and customer analytics.
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