SYS-CON MEDIA Authors: Elizabeth White, Yeshim Deniz, Pat Romanski, Liz McMillan, William Schmarzo

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Global Open Source Services Market - Technologies, Market Share and Industry Forecast to 2024: Expected to Grow at a CAGR of 24% - ResearchAndMarkets.com

The "Global Open Source Services Market - Technologies, Market share and Industry Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

Global open source services market is expected to rise with the CAGR of about 24% during the forecast period 2017-2024.

Technological advancements and developments in open source services is one of the major factors that contributes towards the growth of global open source services market during the forecast period.

Further, the development of open source Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) is widely adopted in public administration datacenter.

Moreover, the development of storage as a service on cloud with the use of OpenStack is widely adopted to store personal data of the user.

Such technological developments and innovations in open source services is expected to increase its adoption among business organizations and enterprises. This is expected to promote the growth of global open source services market during the forecast period.

Emergence of cloud based open source platforms is one of the major factors that contributes towards the growth of global open source services market during the forecast period. According to the Institute of Electrical and Electronics Engineers, the development of private cloud based on open source, ownCloud is widely used for data storage in the corporate environment.

Further, the development of Task-Manager-as-a-Service in Apache CloudStack allows the user to execute tasks from within interface of Apache CloudStack. It also supports task deployment, retrieval, and management in external SSH (Secure Shell) reachable computing resources, as per the Institute of Electrical and Electronics Engineers. This is expected to promote the growth of global open source services market during the forecast period.

However, privacy and security concerns and high cost of integrating services are some of the major factors restraining the growth of global open source services market during the forecast period.

Market Dynamics

Drivers

  • Accelerated Time-to-Market and Simplified Interoperability
  • Expansion in Open Source Licensing
  • Technological Developments
  • Increased Return on Investments

Restraints

  • Privacy and Security Concerns
  • High Cost of Integrating Services

Opportunities

  • Increasing Demand From End Users
  • Emergence of Cloud Based Technology

Challenges

  • Complexity in Open Source Technologies

Key Topics Covered

1. Introduction

2. Market Overview

3. Market Determinants

4. Global Open Source Services Market, By Service

5. Global Open Source Services Market, By Vertical

6. Competitive Landscape

7. Geographic Analysis

8. Company Profiles

  • Accenture (Ireland)
  • Atos (France)
  • Cignex Datamatics (U.S.)
  • Cisco Systems (U.S.)
  • Evoke Technologies (U.S.)
  • HCL Technologies (India)
  • HPE (U.S.)
  • IBM Corporation (U.S.)
  • Infosys (India)
  • Intelliswift Software, Inc. (India)
  • Oracle Corporation (U.S.)
  • Red Hat (U.S.)
  • Tieto (Finland)
  • Visolve Inc. (U.S.)
  • Wipro (India)

For more information about this report visit https://www.researchandmarkets.com/research/hgn7mp/global_open?w=4

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