Global Openstack Service Market Anticipated To Reach Over USD 13.24 Million by 2026 - ZMR

Openstack is an open cloud computing platform and controls a huge amount of networking & storage resources in datacenter. This is controlled by a control panel that allows administrators to control while enabling their users to deliver resources throughout a web interface. It converts the platform for business requirements. The compliant design of openstack aids to incorporate third-party technologies, thus there is no need to replace the existing one. The openstack service is utilized to develop public and private clouds. It has three major components like networking, compute, and storage. Compute provides and manages huge networks of virtual machines.

Global Openstack Services Market was valued at USD 2.6 Billion in 2019 and is expected to reach over USD 13.24 Million by 2026, growing at a CAGR of around 26.2% during the forecast period from 2020 to 2026

Some of the key players in the global market are Huawei; Cisco Systems; HPE; VMware; Dell EMC; Oracle Corporation; Rackspace; IBM Corporation; Platform9 Systems; Mirantis; and EasyStack.

Increasing Adoption Of Openstack By Organizations Will Accelerate The Growth Of Global Market

The aspects that are impelling the global openstack service market are that it enhances resource utilization and scalability, as openstack private clouds provides a major degree of scalability. For example, if one department witnesses a surge in the demand for computing resources, IT resources might be momentarily redirected from other sections to the one that presently needs it the most. It reduces downtime to market as quicker consumption of IT resources also depict business units and end-users no more have to wait for days or weeks to begin using the network services and applications they require. In return, they will be more capable of completing and rolling out projects earlier than expected. Factors that limit the expansion of the global openstack service market is that it may take a longer time to adopt and the increasing security issues regarding technology (which is still in the budding stage) makes it vulnerable to violate and access by hackers.

The global openstack service market is bifurcated on the basis of component, organization size, vertical, and regional analysis. Based on the component, the market is divided into solutions and services. Based on the organization size, the market is divided into large enterprises and SMEs (small & medium enterprises). Based on the vertical, the market is divided into IT, government & defense, academic & research, telecommunication, BFSI, manufacturing, retail & e-commerce, and others (real estate, consulting, media & entertainment, web hosting, and advertisement).

North America & Europe Region To Witness Major Growth In The Global Openstack Service Market

Based on geographical analysis, the global openstack service market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region is expected to hold the largest market share during the forecasted period. The incidence of key players across the region and developments in cloud technology are propelling the market in the region. Europe is likely to demonstrate a significant growth rate over the estimated period. The adoption of private cloud among businesses and the implementation of BYOD (Bring Your Device) policy amongst organizations are fueling the market development in this region.

Browse the full “Openstack Services Market - by Component (Solution, Services), by Organization Size (Large Enterprises, SMEs), by Vertical (Government and Defense, IT, Telecommunication, Academic and Research, BFSI< Retail and E-Commerce, Manufacturing, and Others Which Includes Consulting, Real Estate, Media and Entertainment, Advertisement), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast 2019 – 2026.” Report at https://www.zionmarketresearch.com/report/openstack-services-market

The global openstack service market is segmented as follows:

By component

• Solutions
• Services

By organization size:

• SMEs (small & medium enterprises)
• Large Enterprises

By vertical:

• IT
• Government & Defense
• Academic & Research
• Telecommunication
• Retail & E-Commerce
• BFSI
• Manufacturing
• Others (real estate, consulting, media & entertainment, web hosting, and advertisement)

By region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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